-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S/TfzlPscmU0sbwggcVnU7aN1ZqKd1hkkXKac8A3WGoCAMplfK/znXPxyPdrJ0s8 O8c3o6qxiMx8+WTJH6LHxg== 0000898382-03-000002.txt : 20030102 0000898382-03-000002.hdr.sgml : 20030101 20030102140619 ACCESSION NUMBER: 0000898382-03-000002 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030102 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BAYCORP HOLDINGS LTD CENTRAL INDEX KEY: 0001012127 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 020488443 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50357 FILM NUMBER: 03500564 BUSINESS ADDRESS: STREET 1: 51 DOW HIGHWAY STREET 2: SUITE 7 CITY: ELIOT STATE: ME ZIP: 03903 BUSINESS PHONE: (207) 451-9573 MAIL ADDRESS: STREET 1: 51 DOW HIGHWAY STREET 2: SUITE 7 CITY: ELIOT STATE: ME ZIP: 03903 FORMER COMPANY: FORMER CONFORMED NAME: GREAT BAY HOLDINGS CORP DATE OF NAME CHANGE: 19960424 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COOPERMAN LEON G CENTRAL INDEX KEY: 0000898382 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 128321905 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 88 PINE STREET STREET 2: WALL STREET PLAZA 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 2124955200 MAIL ADDRESS: STREET 1: 88 PINE STREET STREET 2: WALL ST PLAZA 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 SC 13D/A 1 bay13a4.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.4* BAYCORP HOLDINGS, LTD. (Name of Issuer) Common Stock, $.01 par value (Title of Class of Securities) 072728108 (CUSIP Number) Alan M. Stark 80 Main Street West Orange, New Jersey 07052 (973)325-8660 (Name Address, and Telephone Number of Person Authorized to Receive Notices and Communications) December 16, 2002 (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 that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e),240.13d-1(f) or 240.13d-1(g), check the following box. [ ] *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). SCHEDULE 13D CUSIP No. 072728108 _______________________________________________________________ 1) Names of Reporting Person (S.S. or I.R.S. Identifi- cation No. of Above Person): LEON G. COOPERMAN ____________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] _______________________________________________________________ 3) SEC Use Only _____________________________________________________________ 4) Source of Funds: WC ______________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): NOT APPLICABLE _______________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES ______________________________________________________________ (7) Sole voting Power Number of 1,887,220 Shares Bene- ------------------------------------------------ ficially (8) Shared Voting Power owned by 575,380 Each Report- ------------------------------------------------ ing Person (9) Sole Dispositive Power With 1,887,220 ------------------------------------------------ (10) Shared Dispositive Power 575,380 ____________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 2,462,600 _______________________________________________________________ 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* N/A _______________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 29.1% 14) Type of Reporting Person IN SCHEDULE 13D CUSIP No. 072728108 _______________________________________________________________ 1) Names of Reporting Person (S.S. or I.R.S. Identifi- cation No. of Above Person): OMEGA CAPITAL PARTNERS, L.P. 13-3628306 _______________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] _______________________________________________________________ 3) SEC Use Only _______________________________________________________________ 4) Source of Funds: WC _______________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): NOT APPLICABLE _______________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES _______________________________________________________________ (7) Sole voting Power Number of 1,030,860 Shares Bene- ------------------------------------------------ ficially (8) Shared Voting Power owned by -0- Each Report- ------------------------------------------------ ing Person (9) Sole Dispositive Power With 1,030,860 ------------------------------------------------ (10) Shared Dispositive Power -0- ___________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,030,860 _______________________________________________________________ 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* N/A _______________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 12.2 _______________________________________________________________ 14) Type of Reporting Person PN SCHEDULE 13D CUSIP No. 072728108 _______________________________________________________________ 1) Names of Reporting Person (S.S. or I.R.S. Identifi- cation No. of Above Person): OMEGA INSTITUTIONAL PARTNERS, L.P. 13-3633614 _______________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] _______________________________________________________________ 3) SEC Use Only _______________________________________________________________ 4) Source of Funds: WC _______________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): NOT APPLICABLE _______________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES _______________________________________________________________ (7) Sole voting Power Number of 47,920 Shares Bene- ------------------------------------------------ ficially (8) Shared Voting Power owned by -0- Each Report- ------------------------------------------------ ing Person (9) Sole Dispositive Power With 47,920 ------------------------------------------------ (10) Shared Dispositive Power -0- _______________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 47,920 _______________________________________________________________ 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* N/A _______________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 0.6% _______________________________________________________________ 14) Type of Reporting Person PN SCHEDULE 13D CUSIP No. 072728108 _______________________________________________________________ 1) Names of Reporting Person (S.S. or I.R.S. Identifi- cation No. of Above Person): OMEGA EQUITY INVESTORS, L.P. 13-4136935 _______________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] _______________________________________________________________ 3) SEC Use Only _______________________________________________________________ 4) Source of Funds: WC _______________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): NOT APPLICABLE _______________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES _______________________________________________________________ (7) Sole voting Power Number of 116,200 Shares Bene- ------------------------------------------------ ficially (8) Shared Voting Power owned by -0- Each Report- ------------------------------------------------ ing Person (9) Sole Dispositive Power With 116,200 ------------------------------------------------ (10) Shared Dispositive Power -0- _______________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 116,200 _______________________________________________________________ 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* N/A _______________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 1.4% _______________________________________________________________ 14) Type of Reporting Person PN SCHEDULE 13D CUSIP No. 072728108 _______________________________________________________________ 1) Names of Reporting Person (S.S. or I.R.S. Identifi- cation No. of Above Person): OMEGA ADVISORS, INC. 13-3628307 _______________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] _______________________________________________________________ 3) SEC Use Only _______________________________________________________________ 4) Source of Funds: WC _______________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): NOT APPLICABLE _______________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES _______________________________________________________________ (7) Sole voting Power Number of 692,240 Shares Bene- ------------------------------------------------ ficially (8) Shared Voting Power owned by 575,380 Each Report- ------------------------------------------------ ing Person (9) Sole Dispositive Power With 692,240 ------------------------------------------------ (10) Shared Dispositive Power 575,380 _______________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,267,620 _______________________________________________________________ 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* N/A _______________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 15.0% _______________________________________________________________ 14) Type of Reporting Person IA Item 3. Source and Amount of Funds or Other Consideration. Cooperman beneficially owns 2,462,600 Shares. Of this amount, 1,030,860 Shares were purchased by Omega Capital Partners, L.P., at a cost of $7,504,940; 47,920 Shares were purchased by Omega Institutional Partners, L.P., at a cost of $348,872; 692,240 Shares were purchased by Omega Overseas Partners, Ltd., at a cost of $5,819,028; 116,200 Shares were purchased by Omega Equity Investors, L.P., at a cost of $980,840; and 575,380 Shares were purchased by the Managed Account, at a cost of $3,787,227. The source of funds for the purchase of all such Shares was investment capital. Item 5. Interest in Securities of the Issuer. Based upon the information contained in the Company's Form 10Q for the quarter ended September 30, 2002 filed with the Securities & Exchange Commission, there were issued and outstanding 8,471,569 Shares as of October 22, 2002. Omega Capital Partners, L.P., owns 1,030,860 Shares, or 12.2% of those outstanding; Omega Institutional Partners, L.P., owns 47,920 Shares, or 0.6% of those outstanding; Omega Equity Investors, L.P. owns 116,200 Shares, or 1.4%; Omega Overseas Partners, Ltd., owns 692,240 Shares, or 8.2% of those outstanding; and the Managed Account owns 575,380 Shares, or 6.8% of those outstanding. The following table details the transactions by Omega Overseas Partners, Ltd. and the Managed Account in shares of Common Stock within the 60 day period prior to December 16, 2002 and to date. All such transactions were open market sale transactions. Omega Overseas Partners, Ltd. Date of Shares Price Per Transaction Sold Share 12/06/02 200 $14.74 12/09/02 600 14.74 12/11/02 3,300 14.74 12/12/02 4,400 14.74 12/13/02 54,000 14.74 12/16/02 32,100 14.74 12/17/02 14,600 14.74 12/20/02 1,200 14.74 12/23/02 15,400 14.74 12/24/02 9,200 14.74 12/26/02 50,600 14.74 12/30/02 50,700 14.74 12/31/02 32,700 14.74 The Managed Account Date of Shares Price Per Transaction Sold Share 12/09/02 100 14.74 12/11/02 400 14.74 12/12/02 600 14.74 12/13/02 6,000 14.74 12/16/02 2,900 14.74 12/17/02 1,300 14.74 12/20/02 100 14.74 12/23/02 1,400 14.74 12/24/02 800 14.74 12/26/02 4,600 14.74 Signature After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. Dated: January 2, 2003 LEON G. COOPERMAN, individually, as Managing Member of Omega Associates, L.L.C. on behalf of Omega Capital Partners, L.P., Omega Institutional Partners, L.P., Omega Capital Investors, L.P., Omega Equity Investors, L.P., and as President of Omega Advisors, Inc. By /s/ ALAN M. STARK Alan M. Stark Attorney-in-Fact Power of Attorney on File ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----