ORBIMAGE INC 4

4 · ORBIMAGE INC · Filed Mar 3, 2005

Form 4

Period: 2005-02-28

10% Owner

Transactions

Purchase
Warrants
2005-03-02$10.00/sh−3,702$37,020→ 3,702 total(indirect: By LLC)
Exercise: $10.00From: 2004-11-16Exp: 2009-11-16→ Common Stock (3,702 underlying)
Purchase
Common Stock
2005-02-28$13.70/sh+31,600$432,920→ 67,520 total(indirect: By LLC)
Purchase
Common Stock
2005-03-02$14.25/sh+2,000$28,500→ 76,520 total(indirect: By LLC)
Purchase
Common Stock
2005-03-01$14.25/sh+7,000$99,750→ 74,520 total(indirect: By LLC)

Holdings

Common Stock
(indirect: By Harbert Distressed Investment Master Fund, Ltd.)
4,173,059

Footnotes (2)

[F1]These securities are held in the account of Harbert Distressed Investment Master Fund, Ltd. ("Master Fund") and may be deemed to be beneficially owned by HMC Investors, L.L.C. ("HMC Investors"), the managing member of the Master Fund"s investment manager, Philip Falcone, a member of HMC Management and the portfolio manager of the Master Fund, Raymond J. Harbert, a member of HMC Investors, and Michael D. Luce, a member of HMC Investors. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
[F2]These securities may be deemed to be beneficially owned by HMC Investors, Philip Falcone, who is the portfolio manager of Alpha US Sub Fund VI, LLC, Raymond J. Harbert and Michael D. Luce. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Documents

1 file