-----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, AXSWMSQTWz2plM8kEqNhxc+joWxvO4e9lVPvuZMhezxXyS7K5EzfWnAYuZxDtJbo chEPSRnJ3vnRBPQXuwDPsg== 0000902664-05-001715.txt : 20050815 0000902664-05-001715.hdr.sgml : 20050815 20050815132008 ACCESSION NUMBER: 0000902664-05-001715 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050815 DATE AS OF CHANGE: 20050815 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COSINE COMMUNICATIONS INC CENTRAL INDEX KEY: 0001060824 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 943280301 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-60229 FILM NUMBER: 051025000 BUSINESS ADDRESS: STREET 1: 1200 BRIDGE PKWAY STREET 2: STE 200 CITY: REDWOOD CITY STATE: CA ZIP: 94065 BUSINESS PHONE: 6506374777 MAIL ADDRESS: STREET 1: 1200 BRIDGE PARKWAY CITY: REDWOOD CITY STATE: CA ZIP: 94065 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Empyrean Capital Partners, L.P. CENTRAL INDEX KEY: 0001335796 IRS NUMBER: 522403815 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 10250 CONSTELLATION BOULEVARD STREET 2: SUITE 2950 CITY: LOS ANGELES STATE: CA ZIP: 90667 BUSINESS PHONE: (310) 843-9900 MAIL ADDRESS: STREET 1: 10250 CONSTELLATION BOULEVARD STREET 2: SUITE 2950 CITY: LOS ANGELES STATE: CA ZIP: 90667 SC 13G 1 sc13g.txt COSINE COMMUNICATIONS, INC. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------- SCHEDULE 13G (Rule 13d-102) ---------------- INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No._______)* COSINE COMMUNICATIONS, INC. (Name of Issuer) COMMON STOCK, $0.0001 PAR VALUE PER SHARE (Title of Class of Securities) 221222607 (CUSIP Number) August 4, 2005 (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). Schedule 13G CUSIP No. 221222607 PAGE 2 OF 20 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Empyrean Capital Partners, LP - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 760,000 OWNED BY --------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 760,000 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 760,000 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ Schedule 13G CUSIP No. 221222607 PAGE 3 OF 20 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Empyrean Capital, LLC - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 760,000 OWNED BY --------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 760,000 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 760,000 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------ Schedule 13G CUSIP No. 221222607 PAGE 4 OF 20 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Empyrean Associates, LLC - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 265,208 OWNED BY --------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 265,208 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 265,208 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.6% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON OO - ------------------------------------------------------------------------------ Schedule 13G CUSIP No. 221222607 PAGE 5 OF 20 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Empyrean Capital Fund, LP - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 265,208 OWNED BY --------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 265,208 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 265,208 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.6% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ Schedule 13G CUSIP No. 221222607 PAGE 6 OF 20 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Empyrean Capital Overseas Fund, Ltd. - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 444,617 OWNED BY --------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 444,617 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 444,617 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.4% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ Schedule 13G CUSIP No. 221222607 PAGE 7 OF 20 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Empyrean Capital Overseas Benefit Plan Fund, Ltd. - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 50,175 OWNED BY --------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 50,175 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50,175 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.5% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ Schedule 13G CUSIP No. 221222607 PAGE 8 OF 20 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Amos Meron - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States & Israel - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 760,000 OWNED BY --------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 760,000 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 760,000 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ Schedule 13G CUSIP No. 221222607 PAGE 9 OF 20 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Michael Price - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 760,000 OWNED BY --------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 760,000 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 760,000 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ Schedule 13G CUSIP No. 221222607 PAGE 10 OF 20 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Scott Imbach - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------ NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 760,000 OWNED BY --------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 760,000 - ------------------------------------------------------------------------------ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 760,000 - ------------------------------------------------------------------------------ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ------------------------------------------------------------------------------ (12) TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ Schedule 13G CUSIP No. 221222607 PAGE 11 OF 20 ITEM 1(a). NAME OF ISSUER: CoSine Communications, Inc. (the "Company") ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 560 SOUTH WINCHESTER BOULEVARD SUITE 500 SAN JOSE, CA 95128 ITEM 2(a). NAME OF PERSON FILING: This Statement is filed by each of the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons": (i) Empyrean Capital Fund, LP ("ECF"), a Delaware limited partnership; (ii) Empyrean Capital Overseas Fund, Ltd. ("ECOF"), a Cayman Islands corporation; (iii) Empyrean Capital Overseas Benefit Plan Fund, Ltd. ("ECOBPF"), a Cayman Islands corporation; (iv) Empyrean Capital Partners, LP ("ECP"), a Delaware limited partnership, which is the investment manager of ECF, ECOF and ECOBPF; (v) Empyrean Capital, LLC ("EC"), a Delaware limited liability company and the general partner of ECP; and (vi) Empyrean Associates, LLC ("EA"), a Delaware limited liability company and the general partner of ECF; and (vii) Messrs. Amos Meron, Michael Price and Scott Imbach (collectively, the "Principals"), who are the sole managing members of EC and EA. ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: The address of the principal business office of each of the Reporting Persons is c/o Empyrean Capital Partners, LP, 10250 Constellation Boulevard, Suite 2950, Los Angeles, CA 90667. ITEM 2(c). CITIZENSHIP: (i) ECF - a Delaware limited partnership (ii) ECOF - a Cayman Island corporation (iii) ECOBPF - a Cayman Island corporation (iv) ECP - a Delaware limited partnership Schedule 13G CUSIP No. 221222607 PAGE 12 OF 20 (v) EA - a Delaware limited liability company (vi) EC - a Delaware limited liability company (vii) Amos Meron - United States & Israel (viii) Michael Price - United States (ix) Scott Imbach - United States ITEM 2(d). TITLE OF CLASS OF SECURITIES: COMMON STOCK, $0.0001 PAR VALUE PER SHARE ITEM 2(e). CUSIP NUMBER: 221222607 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Act; (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act; (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940; (e) [ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E); (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F); (g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G); (h) [ ] Savings Associations as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). ITEM 4. OWNERSHIP. The Principals may be deemed to beneficially own an aggregate of 760,000 Shares as a result of their voting and dispositive power over the 760,000 Shares beneficially owned by ECF, ECOF and ECOBPF. As such, the Principals may be deemed to control ECF, ECOF and ECOBPF and therefore may be deemed to be the beneficial owner of the securities reported in this Schedule 13G. EC may be deemed to beneficially own an aggregate of 760,000 Shares as a result of its voting and dispositive power over the 760,000 Shares beneficially owned by ECF, ECOF and ECOBPF. As such, EC may be deemed to control ECF, ECOF and ECOBPF and therefore may be deemed to be the beneficial owner of the securities reported in this Schedule 13G. ECP may be deemed to beneficially own an aggregate of 760,000 Shares as a result of its voting and dispositive power over the 760,000 Shares beneficially owned by ECF, ECOF and ECOBPF. As such, ECP may be deemed to control ECF, ECOF and ECOBPF and therefore may be deemed to be the beneficial owner of the securities reported in this Schedule 13G. EA may be deemed to beneficially own an aggregate of 265,208 Shares as a result of its voting and dispositive power over the 265,208 Shares beneficially owned by ECF. A. ECP (a) Amount beneficially owned: 760,000 (b) Percent of class: 7.5%. (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: 760,000 (iii) sole power to dispose or to direct the disposition: 0 (iv) shared power to dispose or to direct the disposition: 760,000 B. EC (a) Amount beneficially owned: 760,000 (b) Percent of class: 7.5%. (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: 760,000 (iii) sole power to dispose or to direct the disposition: 0 (iv) shared power to dispose or to direct the disposition: 760,000 Schedule 13G CUSIP No. 221222607 PAGE 14 OF 20 C. EA (a) Amount beneficially owned: 265,208 (b) Percent of class: 2.6%. (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: 265,208 (iii) sole power to dispose or to direct the disposition: 0 (iv) shared power to dispose or to direct the disposition: 265,208 D. ECF (a) Amount beneficially owned: 265,208 (b) Percent of class: 2.6%. (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: 265,208 (iii) sole power to dispose or to direct the disposition: 0 (iv) shared power to dispose or to direct the disposition: 265,208 E. ECOF (a) Amount beneficially owned: 444,617 (b) Percent of class: 4.4%. (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: 444,617 (iii) sole power to dispose or to direct the disposition: 0 (iv) shared power to dispose or to direct the disposition: 444,617 F. ECOBPF (a) Amount beneficially owned: 50,175 (b) Percent of class: 0.5%. Schedule 13G CUSIP No. 221222607 PAGE 15 OF 20 (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: 50,175 (iii) sole power to dispose or to direct the disposition: 0 (iv) shared power to dispose or to direct the disposition: 50,175 G. Amos Meron (a) Amount beneficially owned: 760,000 (b) Percent of class: 7.5%. (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: 760,000 (iii) sole power to dispose or to direct the disposition: 0 (iv) shared power to dispose or to direct the disposition: 760,000 H. Michael Price (a) Amount beneficially owned: 760,000 (b) Percent of class: 7.5%. (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: 760,000 (iii) sole power to dispose or to direct the disposition: 0 (iv) shared power to dispose or to direct the disposition: 760,000 I. Scott Imbach (a) Amount beneficially owned: 760,000 (b) Percent of class: 7.5%. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 Schedule 13G CUSIP No. 221222607 PAGE 16 OF 20 (ii) shared power to vote or to direct the vote: 760,000 (iii) sole power to dispose or to direct the disposition: 0 (iv) shared power to dispose or to direct the disposition: 760,000 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. The partners, members or stockholders of each of the Reporting Persons, other than the Principals, have the right to participate in the receipt of dividends from, or proceeds from the sale of, the securities held for the account of such Reporting Person in accordance with their ownership interests in such Reporting Person. The Reporting Persons disclaim beneficial ownership in the securities. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. See Item 2. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(c)) Each of the Reporting Persons hereby makes the following certification: By signing below we certify that, to the best of our 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 or effect. Schedule 13G CUSIP No. 221222607 PAGE 17 OF 20 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: August 15, 2005 EMPYREAN CAPITAL PARTNERS, LP By: Empyrean Capital, LLC, its General Partner By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory EMPYREAN CAPITAL FUND, LP By: Empyrean Capital Partners, LP, its Investment Manager By: Empyrean Capital, LLC, its General Partner By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory EMPYREAN CAPITAL OVERSEAS FUND, LTD. By: Empyrean Capital Partners, LP, its Investment Manager By: Empyrean Capital, LLC, its General Partner By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory EMPYREAN CAPITAL OVERSEAS BENEFIT PLAN FUND, LTD. By: Empyrean Capital Partners, LP, its Investment Manager By: Empyrean Capital, LLC, its General Partner By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory Schedule 13G CUSIP No. 221222607 PAGE 18 OF 20 EMPYREAN ASSOCIATES, LLC By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory EMPYREAN CAPITAL, LLC By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory /s/ AMOS MERON -------------------------------------- Amos Meron /s/ MICHAEL PRICE -------------------------------------- Michael Price /s/ SCOTT IMBACH -------------------------------------- Scott Imbach Schedule 13G CUSIP No. 221222607 PAGE 19 OF 20 EXHIBIT 1 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. DATED: August 15, 2005 EMPYREAN CAPITAL PARTNERS, LP By: Empyrean Capital, LLC, its General Partner By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory EMPYREAN CAPITAL FUND, LP By: Empyrean Capital Partners, LP, its Investment Manager By: Empyrean Capital, LLC, its General Partner By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory EMPYREAN CAPITAL OVERSEAS FUND, LTD. By: Empyrean Capital Partners, LP, its Investment Manager By: Empyrean Capital, LLC, its General Partner By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory EMPYREAN CAPITAL OVERSEAS BENEFIT PLAN FUND, LTD. By: Empyrean Capital Partners, LP, its Investment Manager Schedule 13G CUSIP No. 221222607 PAGE 20 OF 20 By: Empyrean Capital, LLC, its General Partner By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory EMPYREAN ASSOCIATES, LLC By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory EMPYREAN CAPITAL, LLC By: /s/ ANTHONY HYNES ---------------------------------- Name: Anthony Hynes Title: Authorized Signatory /s/ AMOS MERON -------------------------------------- Amos Meron /s/ MICHAEL PRICE -------------------------------------- Michael Price /s/ SCOTT IMBACH -------------------------------------- Scott Imbach -----END PRIVACY-ENHANCED MESSAGE-----