4//SEC Filing
ICO Global Communications (Holdings) LTD 4
Accession 0001209191-07-033570
CIK 0001359555operating
Filed
May 28, 8:00 PM ET
Accepted
May 29, 7:32 PM ET
Size
33.4 KB
Accession
0001209191-07-033570
Insider Transaction Report
Form 4
Transactions
- Purchase
Class A Common Stock $0.01par value per share
2007-05-24$4.00/sh+7,500,000$30,000,000→ 26,684,572 total(indirect: See Footnote)
NexPoint Credit Strategies Fund
10% Owner
Transactions
- Purchase
Class A Common Stock $0.01par value per share
2007-05-24$4.00/sh+7,500,000$30,000,000→ 26,684,572 total(indirect: See Footnote)
Transactions
- Purchase
Class A Common Stock $0.01par value per share
2007-05-24$4.00/sh+7,500,000$30,000,000→ 26,684,572 total(indirect: See Footnote)
Transactions
- Purchase
Class A Common Stock $0.01par value per share
2007-05-24$4.00/sh+7,500,000$30,000,000→ 26,684,572 total(indirect: See Footnote)
Strand Advisors, Inc.
10% Owner
Transactions
- Purchase
Class A Common Stock $0.01par value per share
2007-05-24$4.00/sh+7,500,000$30,000,000→ 26,684,572 total(indirect: See Footnote)
Transactions
- Purchase
Class A Common Stock $0.01par value per share
2007-05-24$4.00/sh+7,500,000$30,000,000→ 26,684,572 total(indirect: See Footnote)
Highland Funds I
10% Owner
Transactions
- Purchase
Class A Common Stock $0.01par value per share
2007-05-24$4.00/sh+7,500,000$30,000,000→ 26,684,572 total(indirect: See Footnote)
DONDERO JAMES D
10% Owner
Transactions
- Purchase
Class A Common Stock $0.01par value per share
2007-05-24$4.00/sh+7,500,000$30,000,000→ 26,684,572 total(indirect: See Footnote)
HIGHLAND CAPITAL MANAGEMENT LP
10% Owner
Transactions
- Purchase
Class A Common Stock $0.01par value per share
2007-05-24$4.00/sh+7,500,000$30,000,000→ 26,684,572 total(indirect: See Footnote)
Footnotes (6)
- [F1]This statement is filed by and on behalf of: (i) Highland Credit Strategies Fund ("Credit Strategies Fund"); (ii) Highland Multi-Strategy Onshore Master SubFund, L.L.C. ("Multi-Strategy SubFund"); (iii) Highland Multi-Strategy Master Fund, L.P. ("Multi-Strategy Fund"); (iv) Highland Multi-Strategy Fund GP, L.P. ("Multi-Strategy Fund GP"); (v) Highland Multi-Strategy Fund GP, L.L.C. ("Multi-Strategy Fund GP LLC"); (vi) Highland Capital Management, L.P. ("Highland Capital Management"); (vii) Strand Advisors, Inc. ("Strand"); (viii) Highland Equity Opportunities Fund ("Equity Opportunities"); and (ix) James D. Dondero. Multi-Strategy Fund is the managing member of Multi-Strategy SubFund. Multi-Strategy Fund may be deemed to beneficially own shares owned and/or held by and/or for the account and/or benefit of Multi-Strategy SubFund. Multi-Strategy Fund GP is the general partner of Multi-Strategy Fund.
- [F2]Multi-Strategy Fund GP may be deemed to beneficially own shares owned and/or held by and/or for the account and/or benefit of Multi-Strategy Fund. Multi-Strategy Fund GP LLC is the general partner of Multi-Strategy Fund GP. Multi-Strategy Fund GP LLC may be deemed to beneficially own shares owned and/or held by and/or for the account and/or benefit of Multi-Strategy Fund GP. Highland Capital Management serves as an investment adviser and/or manager to other persons, including Credit Strategies Fund and Multi-Strategy SubFund. Highnland Capital Management may be deemed to beneficially own shares owned and/or held by and/or for the account and/or benefit of other persons, including Credit Strategies Fund, Equity Opportunities and Multi-Strategy SubFund. Strand is the general partner of Highland Capital Management.
- [F3]Strand may be deemed to beneficially own shares owned and/or held by and/or for the account and/or benefit of Highland Capital Management. Mr. Dondero is the President and a director of Strand. Mr. Dondero may be deemed to beneficially own shares owned and/or held by and/or for the account and/or benefit of Strand. Mr. Dondero and Highland Capital Management may not bind, obligate or take any action, directly or indirectly, on behalf of Credit Strategies Fund or Equity Opportunities.
- [F4]Each of the reporting persons states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities covered by this statement. Each of the reporting persons disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
- [F5]Each of the reporting persons may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each of the reporting persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.
- [F6]On May 24, 2007, Highland Capital Management acquired 7,500,000 shares. Following the reported transactions, Highland Capital Management beneficially owned 21,828,715 shares, which includes 225,000 shares owned and/or held by and/or for the account and/or benefit of Credit Strategies Fund; (ii) 81,742 shares owned and/or held by and/or for the account of and/or benefit of Equity Opportunities; (iii) and includes 660,057 shares owned and/or held by and/or for the account and/or benefit of Multi-Strategy SubFund.
Issuer
ICO Global Communications (Holdings) LTD
CIK 0001359555
Entity typeoperating
IncorporatedWA
Related Parties
1- filerCIK 0001359555
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 7:32 PM ET
- Size
- 33.4 KB