SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Sirius Satellite Radio Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.001 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
82966U 10 3
--------------------------------------------------------------------------------
(CUSIP Number)
Chinh Chu
Blackstone Management Associates III L.L.C.
345 Park Avenue
New York, New York 10154
(212) 583-5872
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
Copy to:
Wilson S. Neely, Esq.
Simpson Thacher & Bartlett
425 Lexington Avenue
New York, New York 10017
(212) 455-2000
March 7, 2003
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If a filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
-2-
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blackstone CCC Capital Partners L.P.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
82,008,517
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
82,008,517
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
82,008,517
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
3
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blackstone CCC Offshore Capital Partners L.P.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
14,837,381
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
14,837,381
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,837,381
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
4
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blackstone Family Investment Partnership III L.P.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
6,181,653
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
6,181,653
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,181,653
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
5
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blackstone Management Associates III L.L.C.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
103,027,551
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
103,027,551
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
103,027,551
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.3%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
6
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter G. Peterson
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 103,027,551
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
103,027,551
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
7
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen A. Schwarzman
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 103,027,551
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
103,027,551
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
8
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LJH Partners, LP
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
103,285
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
103,285
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
103,285
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
9
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lamont Partners, LLC
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
103,285
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
103,285
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
103,285
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
10
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Douglas S. Lure
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
103,285
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
103,285
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
11
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert C. Fanch Revocable Trust
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Colorado
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
103,285
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
103,285
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
103,285
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
12
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert C. Fanch
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
103,285
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
103,285
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
13
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BCI Investments II, LLC
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
51,643
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
51,643
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
51,643
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
14
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William J. Bresnan
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO (see item 3)
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
51,643
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
51,643
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
15
PREAMBLE
This Amendment No. 2 further amends and supplements the Statement on
Schedule 13D, filed on January 31, 2000, and amended by Amendment No. 1
thereto, filed on June 15, 2001 (as amended, the "Statement"), with respect to
the common stock, par value $.001 per share, of Sirius Satellite Radio Inc., a
Delaware corporation. Unless otherwise defined herein, terms defined in the
Statement and used herein shall have the meanings given to them in the
Statement.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and supplemented as follows:
On March 7, 2003, the Blackstone Partnerships purchased, for an
aggregate purchase price of $24,937,500, a total of 24,000,121 shares of
Common Stock. The source of funds was capital contributions by the partners of
the Blackstone Partnerships. On March 7, 2003, the Blackstone Partnerships
exchanged 2,552,259 shares of Preferred Stock for warrants to purchase
42,055,024 shares of Common Stock and 36,972,406 shares of Common Stock.
On March 7, 2003, LJH purchased, for an aggregate purchase price of
$25,000, a total of 24,060 shares of Common Stock. The source of funds was
capital contributions by the limited partners of LJH. On March 7, 2003, LJH
exchanged 2,558 shares of Preferred Stock for warrants to purchase 42,160
shares of Common Stock and 37,065 shares of Common Stock.
On March 7, 2003, Robert C. Fanch Revocable Trust purchased, for an
aggregate purchase price of $25,000, a total of 24,060 shares of Common Stock.
The source of funds was funds of Robert C. Fanch Revocable Trust. On March 7,
2003, Robert C. Fanch Revocable Trust exchanged 2,558 shares of Preferred
Stock for warrants to purchase 42,160 shares of Common Stock and 37,065 shares
of Common Stock.
On March 7, 2003, BCI II purchased, for an aggregate purchase price
of $12,500, a total of 12,030 shares of Common Stock. The source of funds was
capital contributions by the members of BCI II. On March 7, 2003, BCI II
exchanged 1,280 shares of Preferred Stock for warrants to purchase 21,080
shares of Common Stock and 18,533 shares of Common Stock.
ITEM 4. PURPOSE OF THE TRANSACTION.
Item 4 is hereby amended and supplemented by deleting the last
paragraph thereof and inserting the following text in lieu thereof:
The Blackstone Partnerships, LJH, Robert C. Fanch Revocable Trust,
BCI II and the Issuer, among others, entered into a Lockup Agreement, dated as
of October 17, 2002 which provided for (i) the exchange an aggregate of
2,558,655 shares of Series D Junior Cumulative Convertible Preferred Stock of
the Issuer for 37,065,069 shares of Common Stock and warrants to purchase
42,160,424 shares of Common Stock and (ii) the purchase of 24,060,271 shares
of Common Stock for an aggregate purchase price of $25,000,000.
16
The shares of Common Stock are being acquired by the Reporting
Persons for investment purposes. The Reporting Persons do not currently have
any intention of acquiring additional shares of Common Stock or Preferred
Stock. Peter G. Peterson was elected as a director of the Company on June 6,
2001. Notwithstanding the foregoing, the Reporting Persons retain the right to
change their investment intent, to propose one or more possible transactions
to the Company's Board, to seek to elect additional representatives to the
Company's Board, to acquire additional shares of Preferred Stock or Common
Stock from time to time or to sell or otherwise dispose of all or part of the
Common Stock beneficially owned by them in any manner permitted by law. In the
event of a material change in the present plans or intentions of the Reporting
Persons, the Reporting Persons will amend this Schedule 13D to reflect such a
change.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated in its entirety as follows:
(a) and (b). The information contained on the cover pages to this
Schedule 13D is incorporated herein by reference.
Pursuant to the Lockup Agreement, the Blackstone Partnerships
acquired (i) 24,000,121 shares of Common Stock for an aggregate purchase price
of $24,937,500 and (ii) warrants to purchase 42,055,024 shares of Common Stock
and 36,972,406 shares of Common Stock in exchange for 2,552,259 shares of
Preferred Stock. Assuming the exercise of all of their warrants as of the date
hereof, the Blackstone Partnerships would own in the aggregate 103,027,551
shares of Common Stock, representing approximately 11.3% of the outstanding
Common Stock.
Pursuant to the Lockup Agreement, LJH acquired (i) 24,060 shares of
Common Stock for an aggregate purchase price of $25,000 and (ii) warrants to
purchase 42,160 shares of Common Stock and 37,065 shares of Common Stock in
exchange for 2,558 shares of Preferred Stock. Assuming the exercise of all of
their warrants as of the date hereof, LJH would own in the aggregate 103,285
shares of Common Stock, representing approximately 0.01% of the outstanding
Common Stock.
Pursuant to the Lockup Agreement, Robert C. Fanch Revocable Trust
acquired (i) 24,060 shares of Common Stock for an aggregate purchase price of
$25,000 and (ii) warrants to purchase 42,160 shares of Common Stock and 37,065
shares of Common Stock in exchange for 2,558 shares of Preferred Stock.
Assuming the exercise of all of their warrants as of the date hereof, Robert
C. Fanch Revocable Trust would own in the aggregate 103,285 shares of Common
Stock, representing approximately 0.01% of the outstanding Common Stock.
Pursuant to the Lockup Agreement, BCI II acquired (i) 12,030 shares
of Common Stock for an aggregate purchase price of $12,500 and (ii) warrants
to purchase 21,080 shares of Common Stock and 18,533 shares of Common Stock in
exchange for 1,280 shares of Preferred Stock. Assuming the exercise of all of
their warrants as of the date hereof, BCI II would own in the aggregate 51,643
shares of Common Stock, representing approximately 0.01% of the outstanding
Common Stock.
17
BCP CCC, BCP CCC Offshore and BFIP III, acting through their sole
general partner BMA III, have the sole power to vote or to direct the vote,
and to dispose or to direct the disposition of, the Common Stock respectively
owned by them. As a result, for purposes of section 13(d) of the Act, BMA III
may be deemed to beneficially own the shares Common Stock directly owned by
the respective Blackstone Partnerships of which it is the general partner. The
Founding Members of BMA III have shared power to vote or to direct the vote
of, and to dispose or to direct the disposition of, the shares of Common Stock
that may be deemed to be beneficially owned by BMA III. As a result, each of
such Founding Members may be deemed to beneficially own the shares of Common
Stock that BMA III may be deemed to beneficially own. Each of BMA III and each
Founding Member disclaims beneficial ownership of such shares.
LJH, acting through its sole general partner Lamont, has the sole
power to vote or to direct the vote, and to dispose or to direct the
disposition of, the Common Stock owned by it. As a result, for purposes of
section 13(d) of the Act, Lamont may be deemed to beneficially own the shares
of Common Stock directly owned by LJH of which it is the general partner. Mr.
Douglas S. Lure, as the sole managing member of Lamont, has sole power to vote
or to direct the vote of, and to dispose or to direct the disposition of, the
shares of Common Stock that may be deemed to be beneficially owned by Lamont.
As a result, Mr. Lure may be deemed to beneficially own the shares of Common
Stock that Lamont may be deemed to beneficially own. Each of Lamont and Mr.
Lure disclaims beneficial ownership of such shares.
Robert C. Fanch Revocable Trust, acting through its trustee Mr.
Robert C. Fanch, has the sole power to vote or to direct the vote, and to
dispose or to direct the disposition of, the Common Stock owned by it. As a
result, for purposes of section 13(d) of the Act, Mr. Fanch may be deemed to
beneficially own the shares of Common Stock directly owned by Robert C. Fanch
Revocable Trust, of which Mr. Fanch is the sole trustee. Mr. Fanch disclaims
beneficial ownership of such shares.
BCI II, acting through its managing member Mr. William J. Bresnan,
has the sole power to vote or to direct the vote, and to dispose or to direct
the disposition of, the Common Stock owned by it. As a result, for purposes of
section 13(d) of the Act, Mr. Bresnan may be deemed to beneficially own the
shares of Common Stock directly owned by BCI II of which Mr. Bresnan is the
managing member. Mr. Bresnan disclaims beneficial ownership of such shares.
The Blackstone Partnerships, LJH, Robert C. Fanch Revocable Trust,
BCI II and certain other investors (collectively, the "Equity Investors") may
be considered to have acted or to be acting in concert with respect to the
shares of the Common Stock referred to in Item 4, and consequently, the Equity
Investors may be deemed to constitute a "group" for purposes of Section 13(d)
of the Exchange Act. The Blackstone Persons disclaim membership in any such
"group" with the LJH Persons, the Fanch Persons or the BCI Persons. Similarly,
(i) the LJH Persons disclaim membership in any such "group" with the
Blackstone Persons, the Fanch Persons or the BCI Persons, (ii) the Fanch
Persons disclaim membership in any such "group" with the Blackstone Persons,
the LJH Persons or the BCI Persons and (iii) the BCI Persons disclaim
membership in any such "group" with the Blackstone Persons, the LJH Persons or
the Fanch Persons.
18
(c) None of the Reporting Persons has beneficial ownership of, or
has engaged in any transaction during the past 60 days in, any shares of
Common Stock, except as disclosed in this Schedule 13D.
(d) No person, other than the Reporting Persons, has the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, Common Stock referred to in this Item 5.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENT OR UNDERSTANDINGS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Item 6 is hereby amended and restated in its entirety as follows:
The responses to Items 3, 4 and 5 of this Schedule 13D and Exhibit 2
are incorporated herein by reference.
Except as set forth in this Statement, the Reporting Persons do not
have any contracts, arrangements, understandings or relationships (legal or
otherwise) with any person with respect to any securities of the Company,
including but not limited to, transfer or voting of any of the securities of
the Company, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, division of profits or loss, or the giving or
withholding of proxies, or a pledge or contingency the occurrence of which
would give another person voting power over the securities of the Company.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
Item 6 is hereby amended by deleting references to exhibits 2, 3 and
4 and inserting in lieu thereof the following text:
2. Lockup Agreement, dated as of October 17, 2002, by and among
Sirius Satellite Radio Inc., Apollo Investment Fund IV, L.P.,
Apollo Overseas Partners IV, L.P., Blackstone CCC Capital
Partners L.P., Blackstone CCC Offshore Capital Partners L.P.,
Blackstone Family Investment Partnership III L.P., LJH Partners,
LP, Robert C. Fanch Revocable Trust, BCI Investments II, LLC,
Space Systems/Loral, Inc., Lehman Commercial Paper Inc. and the
beneficial owners (or investment managers or advisors for the
beneficial owners) of the notes signatory thereto.
19
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Dated: March 11, 2003
BLACKSTONE MANAGEMENT ASSOCIATES III L.L.C.
By: /s/ Chinh E. Chu
_______________________________
Name: Chinh E. Chu
Title: Senior Managing Director
BLACKSTONE CCC CAPITAL PARTNERS L.P.
By: Blackstone Management Associates III L.L.C.,
its general partner
By: /s/ Chinh E. Chu
_______________________________
Name: Chinh E. Chu
Title: Senior Managing Director
BLACKSTONE CCC OFFSHORE CAPITAL PARTNERS L.P.
By: Blackstone Management Associates III L.L.C.,
its general partner
By: /s/ Chinh E. Chu
________________________________
Name: Chinh E. Chu
Title: Senior Managing Director
BLACKSTONE FAMILY INVESTMENT PARTNERSHIP III L.P.
By: Blackstone Management Associates III L.L.C.,
its general partner
By: /s/ Chinh E. Chu
________________________________
Name: Chinh E. Chu
Title: Senior Managing Director
/s/ Peter G. Peterson
___________________________________
PETER G. PETERSON
/s/ Stephen A. Schwarzman
___________________________________
STEPHEN A SCHWARZMAN
LJH PARTNERS, L.P.
By: Lamont Partners, LLC, its General Partner
By: ________________________________
Name: Douglas S. Lure
Title: Managing Member
LAMONT PARTNERS, LLC
By: /s/ Douglas S. Lure
________________________________
Name: Douglas S. Lure
Title: Managing Member
By: /s/ Douglas S. Lure
________________________________
DOUGLAS S. LURE
ROBERT C. FANCH REVOCABLE TRUST
By: /s/ Robert C. Fanch
________________________________
Name: Robert C. Fanch
Title: Trustee
By: /s/ Robert C. Fanch
________________________________
ROBERT C. FANCH
BCI INVESTMENTS II, LLC
By: /s/ William J. Bresnan
________________________________
Name: William J. Bresnan
Title: Managing Member
By: /s/ William J. Bresnan
________________________________
WILLIAM J. BRESNAN