Plasma lipoprotein metabolism is tightly regulated by several members of the triglyceride lipase family, including endothelial lipase (EL) and lipoprotein lipase (LPL). Our previous work suggested that EL is proteolytically processed. In this report, we have used a combination of epitope tagging, mutagenesis, and N-terminal sequencing to determine the precise location of the cleavage site within EL. The cleavage occurs immediately after the sequence RNKR, a known recognition sequence for the proprotein convertase (PC) family. We demonstrate that some PCs, but not all, can proteolytically cleave EL at this site and thereby directly regulate EL enzymatic activity through modulating EL cleavage. Furthermore, specific knockdown of individual PCs proves that PCs are the proteases that cleave EL in human endothelial cells. Interestingly, a homologous site in LPL is also cleaved by PCs. This action is unusual for PCs, which are traditionally known as activators of pro-proteins, and highlights a potential role of PCs in lipid metabolism through their proteolytic processing of lipases.Site-specific proteolysis is crucial in regulating many fundamental biological pathways, including the sequential initiation of activation of blood coagulation factors and activation of caspases and digestive enzymes (1-3). The proprotein convertase (PC) 5 family is composed of at least nine members and belongs to the subtilisin superfamily of serine endoproteases (4). The basic amino acid-specific PCs catalyze the proteolytic maturation of a strikingly diverse collection of substrates at paired basic amino acid processing sites to generate biologically active molecules in the secretory pathway (5). Some PC substrates are proteins involved in lipid metabolism. Furin, the first discovered and best characterized PC, was shown to cleave the low density lipoprotein receptorrelated protein (6), and a mutation of the processing site of chicken low density lipoprotein receptor-related protein impaired efficient exit from the endoplasmic reticulum (7). Subtilisin-kexin isozyme-1/Site-1 protease (SKI-1/S1P), an early Golgi-localized PC (8), cleaves membranebound sterol regulatory element-binding proteins and releases the active subunit of sterol regulatory element-binding proteins to maintain cholesterol homeostasis (9).PCs were considered to be redundant because a large body of in vitro work had shown that several PCs could cleave the same substrate. Recently, lessons from the studies of neural apoptosis-regulated convertase 1 (NARC-1), a newly discovered PC (10, 11), reinforced the importance of individual PCs in regulating plasma lipid metabolism. However, the substrate of NARC-1 is not yet identified.Endothelial lipase (EL) is a recently described modulator of lipoprotein metabolism that belongs to the triglyceride lipase family, which also includes lipoprotein lipase (LPL) and hepatic lipase (HL) (12). Like LPL and HL, the EL protein is secreted and binds to heparan sulfate proteoglycans on the endothelial cell surface, where it interacts wit...