FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * LEVY ANTON J   2. Issuer Name and Ticker or Trading Symbol MERCADOLIBRE INC [MELI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O GENERAL ATLANTIC SERVICE COMPANY,LLC, 3 PICKWICK PLAZA 3. Date of Earliest Transaction (Month/Day/Year) 11/09/2009 (Street) GREENWICH, CT 06830 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/10/2009   S   1,014,767 D $ 41.95 2,836,140 I See Footnotes (1) (8) (9) Common Stock 11/10/2009   S   13,148 D $ 41.95 2,836,140 I See Footnotes (2) (8) (9) Common Stock 11/10/2009   S   2,419 D $ 41.95 2,836,140 I See Footnotes (3) (8) (9) Common Stock 11/10/2009   S   1,095 D $ 41.95 2,836,140 I See Footnotes (4) (8) (9) Common Stock 11/10/2009   S   43,611 D $ 41.95 2,836,140 I See Footnotes (5) (8) (9) Common Stock 11/10/2009   S   11,900 D $ 41.95 2,836,140 I See Footnotes (6) (8) (9) Common Stock 11/09/2009   J   13,060 D (7) 2,836,140 I See Footnotes (7) (8) (9)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LEVY ANTON J C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 3 PICKWICK PLAZA GREENWICH, CT 06830	X

Signatures

/s/ Anton J. Levy		11/12/2009
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	By General Atlantic Partners 84, L.P ("GAP 84"). See footnotes 8 and 9.
(2)	By GapStar, LLC ("GapStar"). See footnotes 8 and 9.
(3)	By GAPCO GmbH & Co. KG ("KG"). See footnotes 8 and 9.
(4)	By GAP Coinvestments CDA, L.P. ("CDA"). See footnotes 8 and 9.
(5)	By GAP Coinvestments III, LLC ("GAPCO III"). See footnotes 8 and 9.
(6)	By GAP Coinvestments IV, LLC ("GAPCO IV"). See footnotes 8 and 9.
(7)	Distribution of shares of Common Stock to certain members of GAPCO III.
(8)	Amount of securities beneficially owned following November 10, 2009 reported transactions represents 2,616,381 shares of common stock owned by GAP 84; 33,901 shares owned by GapStar; 146,114 shares owned by GAPCO III; 30,681 shares owned by GAPCO IV; 2,825 shares owned by CDA and 6,238 shares owned by KG. General Atlantic LLC ("General Atlantic") is the general partner of General Atlantic GenPar, L.P. ("GenPar") and CDA. GenPar is the general partner of GAP 84.
(9)	The managing members of GAPCO III and GAPCO IV are Managing Directors of General Atlantic. GAPCO Management GmbH ("GmbH Management") is the general partner of KG. Certain Managing Directors of General Atlantic make voting and investment decisions with respect to the securities held by KG and GmbH Management. Mr. Levy is a Managing Director of General Atlantic and a Managing Member of GAPCO III and GAPCO IV. Mr. Levy disclaims beneficial ownership of such shares beneficially owned by them except to the extent of his pecuniary interest therein.

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