silverpoint_13g-a.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Schedule
13G/A
(Rule
13d-102)
Information
to be Included in Statements Filed Pursuant to Rules 13d-1(b), (c)
and
(d) and Amendments Thereto Filed
Pursuant
to Rule 13d-2(b)
Amendment
No. 1
NaviSite,
Inc.
--------------------------------------------------------------------------------
(Name
of Issuer)
Common
Stock
--------------------------------------------------------------------------------
(Title
of Class of Securities)
63935M109
--------------------------------------------------------------------------------
(CUSIP
Number)
October
24, 2007
--------------------------------------------------------------------------------
(Date
of Event which Requires Filing of this Statement)
Check
the appropriate box to designate the rule pursuant to which this
Schedule
is
filed:
|_|
Rule 13d-1(b)
|X|
Rule 13d-1(c)
|_|
Rule 13d-1(d)
-----------------
*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
the disclosures provided in a prior cover page.
The
information required in 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 (the "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).
--------------------------------------------------------------------------------
1 NAME
OF REPORTING PERSONS
Silver
Point Capital, L.P.
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
22-3849636
--------------------------------------------------------------------------------
2 CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC
USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE
VOTING POWER
-0-
NUMBER
OF ----------------------------------------------------------
SHARES 6 SHARED
VOTING POWER
BENEFICIALLY 1,416,731 (See
Item 4)
OWNED
BY
EACH ----------------------------------------------------------
REPORTING 7 SOLE
DISPOSITIVE POWER
PERSON
WITH -0-
----------------------------------------------------------
8 SHARED
DISPOSITIVE POWER
1,416,731
(See Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,416,731
(See Item 4)
--------------------------------------------------------------------------------
10 CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.32%
--------------------------------------------------------------------------------
12 TYPE
OF REPORTING PERSON*
00
--------------------------------------------------------------------------------
*SEE
INSTRUCTIONS BEFORE FILLING OUT.
--------------------------------------------------------------------------------
1 NAME
OF REPORTING PERSONS
Edward
A. Mule
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
--------------------------------------------------------------------------------
2 CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC
USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
--------------------------------------------------------------------------------
5 SOLE
VOTING POWER
-0-
NUMBER
OF ----------------------------------------------------------
SHARES 6 SHARED
VOTING POWER
BENEFICIALLY 1,416,731
(See Item 4)
OWNED
BY
EACH ----------------------------------------------------------
REPORTING 7 SOLE
DISPOSITIVE POWER
PERSON
WITH -0-
----------------------------------------------------------
8 SHARED
DISPOSITIVE POWER
1,416,731
(See Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,416,731
(See Item 4)
--------------------------------------------------------------------------------
10 CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.32%
--------------------------------------------------------------------------------
12 TYPE
OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE
INSTRUCTIONS BEFORE FILLING OUT.
--------------------------------------------------------------------------------
1 NAME
OF REPORTING PERSONS
Robert
J. O'Shea
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
--------------------------------------------------------------------------------
2 CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC
USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
--------------------------------------------------------------------------------
5 SOLE
VOTING POWER
-0-
NUMBER
OF ----------------------------------------------------------
SHARES 6 SHARED
VOTING POWER
BENEFICIALLY 1,416,731
(See Item 4)
OWNED
BY
EACH ----------------------------------------------------------
REPORTING 7 SOLE
DISPOSITIVE POWER
PERSON
WITH -0-
----------------------------------------------------------
8 SHARED
DISPOSITIVE POWER
1,416,731
(See Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,416,731
(See Item 4)
--------------------------------------------------------------------------------
10 CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.32%
--------------------------------------------------------------------------------
12 TYPE
OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE
INSTRUCTIONS BEFORE FILLING OUT.
Item
1(a) Name of Issuer:
The
name of the issuer is NaviSite, Inc. (the "Company").
Item
1(b) Address of Issuer's Principal Executive
Offices:
The
Company's principal executive office is located at 400 Minuteman Road, Andover,
MA 01810.
Item
2(a) Name of Person Filing:
This
Schedule 13G is being jointly filed by Silver Point Capital, L.P., a Delaware
limited partnership (the "Investment Manager"), Mr. Edward
A. Mule and Mr. Robert J. O'Shea with respect to the ownership of the shares
of
Common Stock by Silver Point Capital Fund, L.P. (the "Fund"), Silver Point
Capital Offshore Fund, Ltd. (the "Offshore Fund"), and SPCP Group, LLC
("SPCP").(1)
The
Reporting Persons have entered into a Joint Filing Agreement, dated October
25,
2007, a copy of which is filed with this Schedule 13G/A as Exhibit A, pursuant
to which the Reporting Persons have agreed to file this statement jointly
in
accordance with the provisions of Rule 13d-1(k)(1) under the Act.
Item
2(b) Address of Principal Business Office or, if none,
Residence:
The
address of the principal business office of each of the Reporting Persons
is Two
Greenwich Plaza, Greenwich, CT 06830
Item
2(c) Citizenship:
Silver
Point Capital, L.P. is organized as a limited partnership under the laws
of the
State of Delaware. Both Mr. Mule and Mr. O'Shea are U.S.
citizens.
Item
2(d) Title of Class of Securities:
Common
Stock. All shares beneficially owned represent presently exercisable
common stock purchase warrants.
Item
2(e) CUSIP No.:
63935M109
(1) Silver
Point
Capital, L.P. ("Silver Point") is the investment manager of SPCP, the Fund
and
the Offshore Fund (the "Funds") and by reason of such status may be deemed
to be
the beneficial owner of the reported securities held by the Funds. Messrs.
Mule
and O'Shea each indirectly control Silver Point and by virtue of such status
may
be deemed to be the beneficial owners of all reported securities held by
the
Funds. Messrs. Mule and O'Shea disclaim beneficial ownership of the reported
securities, except to the extent of any pecuniary interest, and this report
shall not be deemed to be an admission that they are the beneficial owners
of
such securities.
Item
3 If this statement is filed pursuant to
Rules 13d-1(b), or 13d-2(b), check whether the person filing is a:
Not
Applicable.
Item
4 Ownership:
A. Silver
Point Capital, L.P.
(a)
Amount beneficially owned: 1,416,731
(b)
Percent of class: 4.32%
(c)
Number of shares as to which such person has:
(i) Sole
power to vote or direct the vote: -0-
(ii) Shared
power to vote or direct the vote: 1,416,731
(iii)
Sole power to dispose or direct the disposition:
-0-
(iv) Shared
power to dispose or direct the disposition:
1,416,731
B. Edward
A. Mule
(a)
Amount beneficially owned: 1,416,731
(b)
Percent of class: 4.32%
(c)
Number of shares as to which such person has:
(i) Sole
power to vote or direct the vote: -0-
(ii) Shared
power to vote or direct the vote: 1,416,731
(iii)
Sole power to dispose or direct the disposition:
-0-
(iv) Shared
power to dispose or direct the disposition:
1,416,731
C. Robert
J. O'Shea
(a)
Amount beneficially owned: 1,416,731
(b)
Percent of class: 4.32%
(c)
Number of shares as to which such person has:
(i) Sole
power to vote or direct the vote: 0
(ii) Shared
power to vote or direct the vote: 1,416,731
(iii)
Sole power to dispose or direct the disposition: 0
(iv) Shared
power to dispose or direct the disposition:
1,416,731
Item
5 Ownership of Five Percent or Less of a
Class:
If
this statement is being filed to report the fact that as of the
date
hereof each of the Reporting Persons has ceased to be the beneficial
owner
of
more than five percent of the class of securities, check the following |X
|.
Item
6 Ownership of More Than Five Percent on
Behalf of Another Person:
Not
applicable.
Item
7 Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on by the Parent Holding
Company or Control Person:
Not
applicable.
Item
8 Identification and Classification of
Members of the Group:
Not
applicable.
Item
9 Notice of Dissolution of
Group:
Not
applicable.
Item
10 Certification:
By
signing below I certify that, to the best of my
knowledge and
belief,
the securities referred to above were not acquired and are not held
for
the
purpose of or with the effect of changing or influencing the control
of the
issuer
of the securities and were not acquired and are not held
in connection
with
or as participant in any transaction having that purpose or effect.
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.
Date:
October 25, 2007
Silver
Point Capital, L.P.
By: /s/
Frederick H. Fogel
----------------------
Name:
Frederick H. Fogel
----------------------
Its: Authorized
Signatory
----------------------
Exhibit
A
AGREEMENT
REGARDING THE JOINT FILING OF SCHEDULE 13G
The
undersigned hereby agree as follows:
(i)
Each of them is individually eligible to use the Schedule 13G to
which
this
Exhibit is attached, and such Schedule 13G is filed on behalf of each
of
them;
and
(ii)
Each of them is responsible for the timely filing of such
Schedule
13G
and any amendments thereto, and for the completeness and
accuracy of the
information concerning such person contained therein; but none
of them is
responsible
for the completeness or accuracy of the information concerning
the
other persons making
the filing, unless such person knows or has reason
to
believe
that such information is inaccurate.
Date:
October 25, 2007
Silver
Point Capital, L.P.
By: /s/
Frederick H. Fogel
------------------------------
Name:
Frederick H. Fogel
------------------------------
Its: Authorized
Signatory
------------------------------
/s/
Edward A. Mule
------------------------------
Edward
A. Mule, individually
/s/
Robert J. O'Shea
------------------------------
Robert
J. O'Shea, individually