FALCONE PHILIP 4
4 · ORBIMAGE INC · Filed Jan 10, 2006
Insider Transaction Report
Form 4
ORBIMAGE INCORBM
HMC INVESTORS, L.L.C.
10% Owner
Transactions
- Purchase
Common Stock
2006-01-06$11.40/sh+46,329$528,151→ 224,692 total(indirect: By LLC) - Purchase
Warrants
2005-06-23$4.10/sh+22,000$90,200→ 34,406 total(indirect: By LLC)Exercise: $10.00From: 2005-03-24Exp: 2010-03-24→ Common Stock (22,000 underlying)
Holdings
- 992,544(indirect: By Harbert Distressed Investment Master Fund, Ltd.)
Warrants
Exercise: $10.00From: 2005-03-24Exp: 2010-03-25→ Common Stock (0 underlying) - 5,767,108(indirect: By Harbert Distressed Investment Master Fund, Ltd.)
Common Stock
Footnotes (2)
- [F1]These securities may be deemed to be beneficially owned by HMC Investors, L.L.C., the managing member of Harbert Distressed Investment Master Fund, Ltd.'s investment manager ("HMC Investors"), Philip Falcone, the portfolio manager of Harbert Distressed Investment Master Fund, Ltd., 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, L.L.C., 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.