-----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, UXVIEKKo2WG3DuCKB1N7dzD3xku1a+ZnWgDWn5GG+BhkPX2PRx1DAjzX1vT+IF82 JeEUfdLq8PQB3GQ2UOEBuQ== 0001243310-03-000012.txt : 20030710 0001243310-03-000012.hdr.sgml : 20030710 20030710164148 ACCESSION NUMBER: 0001243310-03-000012 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20030710 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHBRIDGE/ZWIRN CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001243310 IRS NUMBER: 020597442 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2122874900 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 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50357 FILM NUMBER: 03782244 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 SC 13G/A 1 bay-1.txt BAYCORP HOLDINGS, LTD. - COMMON STOCK UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A (Rule 13d-102) Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. 1)* BayCorp Holdings, Ltd. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock - ------------------------------------------------------------------------------- (Title of Class of Securities) 072728108 --------------------------- (CUSIP Number) June 17, 2003 ----------------------------------------------------- Date of Event Which Requires Filing of this Statement Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1 (b) [x] Rule 13d-1 (c) [ ] Rule 13d-1 (d) *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 the disclosures provided in a prior cover page. The information required in 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. 072728108 - -------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Highbridge/Zwirn Capital Management, LLC - 02-0597442 - -------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ----------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 49,800 shares of Common Stock /1/ OWNED BY ----------------------------------------------------------- EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ----------------------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 7.7% as of the date of filing of this Statement. (Based on the Issuer's Form 10Q filed on May 15, 2003, 646,874 shares of Common Stock were issued and outstanding as of May 8, 2003.) - -------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON OO - Limited Liability Company - -------------------------------------------------------------------------- /1/ See Footnote 1 in Item 4. - -------------------------------------------------------------------------- CUSIP NO. 072728108 - -------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Highbridge Capital Management, LLC - 13-3993048 - -------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ----------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 49,800 shares of Common Stock /1/ OWNED BY ----------------------------------------------------------- EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ----------------------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 7.7% as of the date of filing of this Statement. (Based on the Issuer's Form 10Q filed on May 15, 2003, 646,874 shares of Common Stock were issued and outstanding as of May 8, 2003.) - -------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON OO - Limited Liability Company - -------------------------------------------------------------------------- /1/ See Footnote 1 in Item 4. - -------------------------------------------------------------------------- CUSIP NO. 072728108 - -------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Daniel B. Zwirn - -------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ----------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 49,800 shares of Common Stock /1/ OWNED BY ----------------------------------------------------------- EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ----------------------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 7.7% as of the date of filing of this Statement. (Based on the Issuer's Form 10Q filed on May 15, 2003, 646,874 shares of Common Stock were issued and outstanding as of May 8, 2003.) - -------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------- /1/ See Footnote 1 in Item 4. - -------------------------------------------------------------------------- CUSIP NO. 072728108 - -------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) HCM/Z Special Opportunities LLC - not applicable - -------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ----------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 49,800 shares of Common Stock /1/ OWNED BY ----------------------------------------------------------- EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ----------------------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 7.7% as of the date of filing of this Statement. (Based on the Issuer's Form 10Q filed on May 15, 2003, 646,874 shares of Common Stock were issued and outstanding as of May 8, 2003.) - -------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON OO - Limited Liability Company - -------------------------------------------------------------------------- /1/ See Footnote 1 in Item 4. - -------------------------------------------------------------------------- CUSIP NO. 072728108 - -------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Highbridge/Zwirn Special Opportunities Fund, Ltd. - not applicable - -------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ----------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 49,800 shares of Common Stock /1/ OWNED BY ----------------------------------------------------------- EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ----------------------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 7.7% as of the date of filing of this Statement. (Based on the Issuer's Form 10Q filed on May 15, 2003, 646,874 shares of Common Stock were issued and outstanding as of May 8, 2003.) - -------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------- /1/ See Footnote 1 in Item 4. - -------------------------------------------------------------------------- CUSIP NO. 072728108 - -------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Highbridge/Zwirn Special Opportunities Fund, L.P. - 73-1637217 - -------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 NUMBER OF ----------------------------------------------------------- SHARES 6. SHARED VOTING POWER BENEFICIALLY 49,800 shares of Common Stock /1/ OWNED BY ----------------------------------------------------------- EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ----------------------------------------------------------- 8. SHARED DISPOSITIVE POWER See Row 6 above. - -------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Row 6 above. - -------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Approximately 7.7% as of the date of filing of this Statement. (Based on the Issuer's Form 10Q filed on May 15, 2003, 646,874 shares of Common Stock were issued and outstanding as of May 8, 2003.) - -------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON OO - Limited Partnership - -------------------------------------------------------------------------- /1/ See Footnote 1 in Item 4. Item 1. (a) Name of Issuer BayCorp Holdings, Ltd. (b) Address of Issuer's Principal Executive Offices: One New Hampshire Avenue Suite 125 Portsmouth, ME 03801 Item 2(a). Name of Person Filing Item 2(b). Address of Principal Business Office Item 2(c). Citizenship This Schedule 13G (the "Schedule 13G") is being filed on behalf of each of the following persons (each, a "Reporting Person"): Highbridge/Zwirn Capital Management, LLC 9 West 57th Street, 27th Floor New York, New York 10019 Citizenship: State of Delaware Highbridge Capital Management, LLC 9 West 57th Street, 27th Floor New York, New York 10019 Citizenship: State of Delaware Daniel B. Zwirn c/o Highbridge/Zwirn Capital Management, LLC 9 West 57th Street, 27th Floor New York, New York 10019 Citizenship: United States HCM/Z Special Opportunities LLC P.O. Box 30554 Seven Mile Beach Grand Cayman, Cayman Islands British West Indies Citizenship: Cayman Islands, British West Indies Highbridge/Zwirn Special Opportunities Fund, Ltd. c/o Goldman Sachs (Cayman) Trust, Limited P.O. Box 896 George Town Habour Centre, 2nd Floor Grand Cayman, Cayman Islands British West Indies Citizenship: Cayman Islands, British West Indies Highbridge/Zwirn Special Opportunities Fund, L.P. c/o Highbridge/Zwirn Capital Management, LLC 9 West 57th Street, 27th Floor New York, New York 10019 Citizenship: State of Delaware (d) Title of Class of Securities Common Stock, par value $.01 per share (e) CUSIP Number 072728108 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [X] Item 4. Ownership (a) Amount Beneficially Owned 49,800 shares of Common Stock /1/ (b) Percent of Class Approximately 7.7% as of the date of filing of this Statement. (Based on the Issuer's Form 10Q filed on May 15, 2003, 646,874 shares of Common Stock were issued and outstanding as of May 8, 2003.) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 0 (ii) shared power to vote or to direct the vote See item (a) above. (iii) sole power to dispose or to direct the disposition of 0 (iv) shared power to dispose or to direct the disposition of See item (a) above. /1/ Daniel B. Zwirn is the Managing Principal of Highbridge/Zwirn Capital Management, LLC. Highbridge/Zwirn Capital Management, LLC is the Trading Manager of Highbridge/Zwirn Special Opportunities Fund, Ltd. and Highbridge/Zwirn Special Opportunities Fund, L.P. Daniel B. Zwirn is a Portfolio Manager of Highbridge Capital Management, LLC. Highbridge Capital Management, LLC is the Trading Manager of HCM/Z Special Opportunities LLC. As of July 3, 2003, Highbridge/Zwirn Special Opportunities Fund, Ltd., HCM/Z Special Opportunities LLC, and Highbridge/Zwirn Special Opportunities Fund, L.P. beneficially owned 6,902, 27,538, and 15,360 shares of the Issuer's common stock respectively. As of the filing date of this Schedule 13G, the Reporting Persons beneficially owned 49,800 shares of the common stock. Based on the Issuer's Form 10Q filed on May 15, 2003, there were 646,874 shares of Common Stock issued and outstanding as of May 8, 2003. Therefore, the Reporting Persons may be deemed to beneficially own 7.70% of the outstanding shares of common stock of the Issuer. Item 5. Ownership of Five Percent or Less of a Class Inapplicable Item 6. Ownership of More than Five Percent on Behalf of Another Person. Inapplicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company See Item 2 above. Item 8. Identification and Classification of Members of the Group See Item 2 above. Item 9. Notice of Dissolution of Group Inapplicable Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose of effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated this 10th day of July, 2003 Highbridge/Zwirn Capital Management, LLC By: /s/ Daniel B. Zwirn ------------------------------------- Daniel B. Zwirn, Managing Principal Highbridge Capital Management, LLC By: /s/ Ronald S. Resnick ------------------------------------- Ronald S. Resnick, Managing Director By: /s/ Daniel B. Zwirn ------------------------------------- Daniel B. Zwirn HCM/Z Special Opportunities LLC By: /s/ Howard Feitelberg ------------------------------------- Howard Feitelberg, Director Highbridge/Zwirn Special Opportunities Fund, Ltd. By: /s/ Daniel B. Zwirn ------------------------------------- Daniel B. Zwirn, Director Highbridge/Zwirn Special Opportunities Fund, L.P. By: Highbridge/Zwirn Partners, LLC By: /s/ Daniel B. Zwirn ------------------------------------- Daniel B. Zwirn, Managing Member Exhibit Index ------------- Exhibit Description ------- ----------- 1 Joint Filing Agreement EX-1 3 exh-amd1.txt JOINT FILING AGREEMENT Exhibit 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) (1) (iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13G filed on July 10, 2003 (including amendments thereto) with respect to the common stock of BayCorp Holdings, Ltd. This Joint Filing Agreement shall be filed as an Exhibit to such Statement. Dated: July 10, 2003 Highbridge/Zwirn Capital Management, LLC By: /s/ Daniel B. Zwirn ------------------------------------- Daniel B. Zwirn, Managing Principal Highbridge Capital Management, LLC By: /s/ Ronald S. Resnick ------------------------------------- Ronald S. Resnick, Managing Director By: /s/ Daniel B. Zwirn ------------------------------------- Daniel B. Zwirn HCM/Z Special Opportunities LLC By: /s/ Howard Feitelberg ------------------------------------- Howard Feitelberg, Director Highbridge/Zwirn Special Opportunities Fund, Ltd. By: /s/ Daniel B. Zwirn ------------------------------------- Daniel B. Zwirn, Director Highbridge/Zwirn Special Opportunities Fund, L.P. By: Highbridge/Zwirn Partners, LLC By: /s/ Daniel B. Zwirn ------------------------------------- Daniel B. Zwirn, Managing Member -----END PRIVACY-ENHANCED MESSAGE-----