UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
6.25% Series A Preferred Stock | Â (1) | Â (1) | Class A Common Stock | 2,837,078.28 | $ (1) | D | Â |
Cash-Settled Equity Swap (2) | 10/13/2009 | 02/22/2011 | Class A Common Stock | 100,000 | $ 0.9 | D | Â |
Cash-Settled Equity Swap (2) | 10/19/2009 | 02/22/2011 | Class A Common Stock | 65,700 | $ 1.515 | D | Â |
Cash-Settled Equity Swap (2) | 10/21/2009 | 02/22/2011 | Class A Common Stock | 101,100 | $ 1.437 | D | Â |
Cash-Settled Equity Swap (2) | 10/22/2009 | 02/22/2011 | Class A Common Stock | 54,400 | $ 1.465 | D | Â |
Cash-Settled Equity Swap (2) | 10/23/2009 | 02/22/2011 | Class A Common Stock | 23,800 | $ 1.513 | D | Â |
Cash-Settled Equity Swap (2) | 10/26/2009 | 02/22/2011 | Class A Common Stock | 69,300 | $ 1.544 | D | Â |
Cash-Settled Equity Swap (2) | 10/27/2009 | 02/22/2011 | Class A Common Stock | 54,900 | $ 1.412 | D | Â |
Cash-Settled Equity Swap (2) | 10/28/2009 | 02/22/2011 | Class A Common Stock | 51,600 | $ 1.192 | D | Â |
Cash-Settled Equity Swap (2) | 11/03/2009 | 02/22/2011 | Class A Common Stock | 7,800 | $ 1.187 | D | Â |
Cash-Settled Equity Swap (2) | 11/04/2009 | 02/22/2011 | Class A Common Stock | 81,560 | $ 1.291 | D | Â |
Cash-Settled Equity Swap (2) | 11/05/2009 | 02/22/2011 | Class A Common Stock | 47,900 | $ 1.321 | D | Â |
Cash-Settled Equity Swap (2) | 11/06/2009 | 02/22/2011 | Class A Common Stock | 20,300 | $ 1.341 | D | Â |
Cash-Settled Equity Swap (2) | 11/09/2009 | 02/22/2011 | Class A Common Stock | 31,200 | $ 1.286 | D | Â |
Cash-Settled Equity Swap (2) | 11/11/2009 | 02/22/2011 | Class A Common Stock | 13,500 | $ 1.05 | D | Â |
Cash-Settled Equity Swap (2) | 11/12/2009 | 02/22/2011 | Class A Common Stock | 7,200 | $ 1.05 | D | Â |
Cash-Settled Equity Swap (2) | 11/13/2009 | 02/22/2011 | Class A Common Stock | 51,700 | $ 1.1 | D | Â |
Cash-Settled Equity Swap (2) | 11/16/2009 | 02/22/2011 | Class A Common Stock | 6,700 | $ 1.099 | D | Â |
Cash-Settled Equity Swap (2) | 12/04/2009 | 02/22/2011 | Class A Common Stock | 41,200 | $ 1.165 | D | Â |
Cash-Settled Equity Swap (2) | 12/07/2009 | 02/22/2011 | Class A Common Stock | 95,700 | $ 1.305 | D | Â |
Cash-Settled Equity Swap (2) | 12/09/2009 | 02/22/2011 | Class A Common Stock | 8,329 | $ 1.245 | D | Â |
Cash-Settled Equity Swap (2) | 12/10/2009 | 02/22/2011 | Class A Common Stock | 7,453 | $ 1.246 | D | Â |
Cash-Settled Equity Swap (2) | 12/11/2009 | 02/22/2011 | Class A Common Stock | 12,548 | $ 1.279 | D | Â |
Cash-Settled Equity Swap (2) | 12/21/2009 | 02/22/2011 | Class A Common Stock | 17,900 | $ 1.215 | D | Â |
Cash-Settled Equity Swap (2) | 12/22/2009 | 02/22/2011 | Class A Common Stock | 15,500 | $ 1.188 | D | Â |
Cash-Settled Equity Swap (2) | 12/23/2009 | 02/22/2011 | Class A Common Stock | 5,000 | $ 1.178 | D | Â |
Cash-Settled Equity Swap (2) | 12/24/2009 | 02/22/2011 | Class A Common Stock | 5,000 | $ 1.196 | D | Â |
Cash-Settled Equity Swap (2) | 01/21/2010 | 02/25/2011 | Class A Common Stock | 38,808 | $ 1.14 | D | Â |
Cash-Settled Equity Swap (2) | 01/22/2010 | 02/25/2011 | Class A Common Stock | 103,583 | $ 1.16 | D | Â |
Cash-Settled Equity Swap (2) | 01/25/2010 | 03/02/2011 | Class A Common Stock | 30,549 | $ 1.16 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Alden Global Capital Ltd 1ST FL, LIBERATION STATION, ESPLANADE ST. HELIER JERSEY CHANNEL ISLANDS, X0 JES 3AS |
 |  X |  |  |
Alden Global Distressed Opportunities Master Fund, L.P. C/O ALDEN GLOBAL CAPITAL 885 THIRD AVENUE NEW YORK, NY 10022 |
 |  X |  |  |
Smith Management LLC C/O ALDEN GLOBAL CAPITAL 885 THIRD AVENUE NEW YORK, NY 10022 |
 |  X |  |  |
/s/ Bruce Schnelwar, Director, Alden Global Capital Limited | 05/24/2010 | |
**Signature of Reporting Person | Date | |
/s/ Jim Plohg, Authorized Signatory, Alden Global Distressed Opportunities Master Fund, L.P. | 05/24/2010 | |
**Signature of Reporting Person | Date | |
/s/ Jim Plohg, Vice President, Smith Management LLC | 05/24/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | The convertible preferred stock is convertible at any time, at the holder's election and has no expiration date. As disclosed in the Issuer's Annual Report on Form 10-K for the fiscal year ended February 28, 2010, each share of convertible preferred stock is convertible into a number of shares of common stock which is determined by dividing the liquidation preference of the shares of preferred stock ($50.00 per share) by the conversion price. The conversion price is $20.495, which results in a conversion ratio of 2.44 shares of common stock per share of preferred stock. |
(2) | Swaps are not counted for purposes of determining 10% beneficial ownership. These contracts do not give the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the Issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the Issuer. Accordingly, the Reporting Persons disclaim any beneficial ownership in securities that may be referenced in such contracts or that may be held from time to time by any counterparties to the contracts. |
 Remarks: All securities are owned by Alden Global Distressed Opportunities Master Fund, L.P.  Alden Global Capital Limited acts as the investment manager and Smith Management LLC acts as a service provider to Alden Global Capital Limited and Alden Global Distressed Opportunities Master Fund, L.P. Each of Alden Global Capital Limited and Smith Management LLC may be deemed to beneficially own the securities held by Alden Global Distressed Opportunities Master Fund, L.P., and each such person or entity disclaims beneficial ownership of such securities except to the extent of its respective pecuniary interest therein. Form 1 of 2 |