0001019056-05-000270.txt : 20120628
0001019056-05-000270.hdr.sgml : 20120628
20050301145342
ACCESSION NUMBER: 0001019056-05-000270
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050301
DATE AS OF CHANGE: 20050301
GROUP MEMBERS: ASPEN ADVISORS LLC
GROUP MEMBERS: ASPEN CAPITAL LLC
GROUP MEMBERS: NIKOS HECHT
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: ASPEN PARTNERS SERIES A
CENTRAL INDEX KEY: 0001237622
IRS NUMBER: 134118716
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
MAIL ADDRESS:
STREET 1: C/O ASPEN ADVISORS LLC
STREET 2: 152 W 57TH ST
CITY: NEW YORK
STATE: NY
ZIP: 10019
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: FIRST AVENUE NETWORKS INC
CENTRAL INDEX KEY: 0001010286
STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812]
IRS NUMBER: 521869023
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-49879
FILM NUMBER: 05649686
BUSINESS ADDRESS:
STREET 1: 230 COURT SQUARE
STREET 2: SUITE 202
CITY: CHARLOTTESVILLE
STATE: VA
ZIP: 22902
BUSINESS PHONE: 434 220 4988
MAIL ADDRESS:
STREET 1: 230 COURT SQUARE
STREET 2: SUITE 202
CITY: CHARLOTTESVILLE
STATE: VA
ZIP: 22902
FORMER COMPANY:
FORMER CONFORMED NAME: ADVANCED RADIO TELECOM CORP
DATE OF NAME CHANGE: 19960503
SC 13D/A
1
aspen_13da6.txt
SCHEDULE 13D/A
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 6)*
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
First Avenue Networks, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
31865X106
(CUSIP Number)
Richard A. Boehmer, Esq.
O'Melveny & Myers LLP
400 South Hope Street
Los Angeles, CA 90071
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 25, 2005
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [X]
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
*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 disclosures provided in a prior cover page.
The information required on 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 ("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).
CUSIP NO. 31865X106 13D
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS:
Aspen Partners Series A, a series of Aspen Capital Partners, LP
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
13-4118716
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
--------------------------------------------------------------------------------
8. SHARED VOTING POWER
14,305,975
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
14,305,975
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,305,975
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.6%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
--------------------------------------------------------------------------------
2
CUSIP NO. 31865X106 13D
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS:
Aspen Capital LLC
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
13-4118715
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
--------------------------------------------------------------------------------
8. SHARED VOTING POWER
14,305,975
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
14,305,975
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,305,975
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.6%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
--------------------------------------------------------------------------------
3
CUSIP NO. 31865X106 13D
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS:
Aspen Advisors LLC
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
13-4118717
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF, OO
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
--------------------------------------------------------------------------------
8. SHARED VOTING POWER
22,396,359
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
22,396,359
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,396,359
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36.7%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
--------------------------------------------------------------------------------
4
CUSIP NO. 31865X106 13D
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS:
Nikos Hecht
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) N/A
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF, OO
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
--------------------------------------------------------------------------------
8. SHARED VOTING POWER
22,396,359
--------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
22,396,359
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,396,359
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36.7%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
--------------------------------------------------------------------------------
5
The Statement on Schedule 13D dated February 6, 2004 filed by Aspen
Partners Series A, a series of Aspen Capital Partners, LP ("Aspen Partners"),
Aspen Capital LLC ("Aspen Capital"), Aspen Advisors LLC ("Aspen Advisors"), and
Nikos Hecht (each a "Reporting Person," and, collectively the "Reporting
Persons") with respect to the Common Stock, par value $0.001 per share (the
"Common Stock"), of First Avenue Networks, Inc., a Delaware corporation (the
"Company"), and amended by Amendment No. 1 dated March 4, 2004, Amendment No. 2
dated July 8, 2004, Amendment No. 3 dated November 8, 2004 and Amendment No. 4
dated December 16, 2004, as further amended by Amendment No. 5 dated January 19,
2005 filed by the Reporting Persons and Teligent, Inc. ("Teligent"), is hereby
further amended with respect to the items set forth below. Capitalized terms
used without definition in this Schedule 13D (Amendment No. 6) have the meanings
set forth in the Reporting Persons' Schedule 13D, as originally filed.
Item 2. Identity and Background
The information set forth under this item is hereby amended by the addition of
the following:
On February 25, 2005, Teligent distributed to its stockholders the
25,194,647 shares of Common Stock (the "Teligent Shares") issued to Teligent
pursuant to the Amended and Restated Asset Purchase Agreement dated as of
January 13, 2005, by and among the Company, Teligent Services Acquisition, Inc.,
Teligent Services, Inc. and Teligent. As a result of that distribution, Teligent
ceased to own any shares of Company Common Stock and is no longer a "Reporting
Person" as that term is used in this Schedule 13D (Amendment No. 6).
Item 3. Source and Amount of Funds or Other Consideration
The information set forth under this item is hereby amended by the addition of
the following:
The shares of Common Stock acquired by the Reporting Persons and
reported in this Schedule 13D (Amendment No. 6) were acquired as a liquidating
distribution by Teligent to its stockholders in respect of their holdings of
common stock of Teligent.
Item 5. Interest in Securities of the Issuer
The information set forth under this item is hereby amended and restated in its
entirety as follows:
On February 25, 2005, Teligent distributed to its stockholders all of
the shares of Company Common Stock acquired by Teligent as the consideration for
the Company's acquisition of substantially all of Teligent's assets. Aspen
Partners and private clients of Aspen Advisors received 10,534,512 Teligent
Shares and 6,402,589 Teligent Shares, respectively, as their respective
liquidating distributions.
6
As of the date of this Schedule 13D (Amendment No. 6), Aspen Partners
is the beneficial owner of 14,305,975 shares of the Company's Common Stock,
constituting approximately 23.6% of the outstanding shares of Common Stock,
based on 59,364,153 shares of Common Stock outstanding, as set forth on the
cover page of the Company's Annual Report on Form 10-K for the year ended
December 31, 2004. Of the 14,305,975 shares beneficially owned by Aspen
Partners, 13,131,592 shares are issued and outstanding, 762,279 shares are
issuable upon exercise of Class A Warrants held by Aspen Partners and 412,104
shares are issuable upon the exercise of New Warrants held by Aspen Partners. As
the general partner of Aspen Partners, Aspen Capital may be deemed to share
beneficial ownership of all such shares. Aspen Partners and Aspen Capital
disclaim any beneficial interest in the shares owned by the accounts managed by
Aspen Advisors.
As of the date of this Schedule 13D (Amendment No. 6), Aspen Advisors
is the beneficial owner of 22,396,359 shares of the Company's Common Stock,
constituting approximately 36.7% of the outstanding shares of Common Stock. Of
the 22,396,359 shares beneficially owned by Aspen Advisors (i) 13,131,592 shares
are issued and outstanding and held by Aspen Partners, (ii) 7,592,627 shares are
issued and outstanding and beneficially owned by private client accounts of
Aspen Advisors, (iii) 1,047,140 shares are issuable upon exercise of Class A
Warrants held by Aspen Partners and such client accounts and (iv) 625,000 shares
are issuable upon the exercise of New Warrants held by Aspen Partners and such
client accounts. Aspen Advisors, as investment manager for Aspen Partners and
its private clients, has discretionary investment authority over the Company
Common Stock and warrants held by Aspen Partners and the private clients. Mr.
Hecht is the managing member of Aspen Capital, the general partner of Aspen
Partners and of Aspen Advisors. Accordingly, Mr. Hecht may be deemed to be the
beneficial owner of the Common Stock and warrants held by Aspen Partners and the
private clients of Aspen Advisors.
Except as set forth in this Item 5 and in Item 5 of the Reporting
Persons' Schedule 13D (Amendment No. 5), during the 60 days preceding the filing
of this Schedule 13D (Amendment No. 6), none of the Reporting Persons and, to
their knowledge, none of the executive officers and directors of the Reporting
Persons, has engaged in any transactions in Company Common Stock.
7
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information in this statement is true, complete and correct.
Dated: March 1, 2005
ASPEN PARTNERS, SERIES A, a series of
ASPEN CAPITAL PARTNERS, LP
By: ASPEN CAPITAL LLC,
its general partner
By: /s/ NIKOS HECHT
------------------------------------
Name: Nikos Hecht
Title: Managing Member
ASPEN CAPITAL LLC
By: /s/ NIKOS HECHT
------------------------------------
Name: Nikos Hecht
Title: Managing Member
ASPEN ADVISORS LLC
By: /s/ NIKOS HECHT
------------------------------------
Name: Nikos Hecht
Title: Managing Member
/s/ NIKOS HECHT
------------------------------------
Nikos Hecht
8