-----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, Amgbwj5BoMsfUU9S4zybYvUNe6hQmLUIrythbTbEbfXBfqs5Pwv81xIT5TWX7XK6 ipvOPfjLkOoFfWy3Ypcf+A== 0001140223-05-000035.txt : 20050623 0001140223-05-000035.hdr.sgml : 20050623 20050623152031 ACCESSION NUMBER: 0001140223-05-000035 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050623 DATE AS OF CHANGE: 20050623 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DEEPHAVEN CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001140223 IRS NUMBER: 411908497 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 130 CHESHIRE LANE SUITE 102 CITY: MINNETONKA STATE: MN ZIP: 55305 BUSINESS PHONE: 9522495500 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BEASLEY BROADCAST GROUP INC CENTRAL INDEX KEY: 0001099160 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 650960915 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60309 FILM NUMBER: 05912442 BUSINESS ADDRESS: STREET 1: 3033 RIVIERA DRIVE STREET 2: SUITE 200 CITY: NAPLES STATE: FL ZIP: 34103 BUSINESS PHONE: 9412635000 MAIL ADDRESS: STREET 1: 3033 RIVIERA DRIVE STREET 2: SUITE 200 CITY: NAPLES STATE: FL ZIP: 34103 SC 13D/A 1 form13da1beasley.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 Amendment No. 1 Beasley Broadcast Group Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Class A common - -------------------------------------------------------------------------------- (Title of Class of Securities) 074014101 - -------------------------------------------------------------------------------- (CUSIP Number) JIM KORN, ESQ. DEEPHAVEN CAPITAL MANAGEMENT LLC 130 CHESHIRE LANE, SUITE 102 MINNETONKA, MN 55305 952-249-5538 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 29, 2005 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) If the 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-2(g), check the following box. [ ] CUSIP No. 074014101 ================================================================================ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Deephaven Capital Management LLC 41-1908497 ================================================================================ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) N/A (b) N/A ================================================================================ 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) ================================================================================ 6. Citizenship or Place of Organization Delaware ================================================================================ 7. Sole Voting Power 1,642,206 Number of ================================================================== Shares 8. Shared Voting Power Beneficially 0 Owned by ================================================================== Each 9. Sole Dispositive Power Reporting 1,642,206 Person With ================================================================== 10. Shared Dispositive Power 0 ================================================================================ 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,642,206 ================================================================================ 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares N/A ================================================================================ 13. Percent of Class Represented by Amount in Row (11) 22.06% ================================================================================ 14. Type of Reporting Person 00 ================================================================================ Item 1. Security and Issuer Common Stock Class A Beasley Broadcast Group Inc. 3033 RIVIERA DRIVE SUITE 200 NAPLES FL 34103 Item 2. (a) This statement is filed on behalf of Deephaven Capital Management LLC, a Delaware limited liability company. (b) The principal business address of Deephaven Capital Management LLC is 130 Cheshire Lane, Suite 102, Minnetonka, MN 55305 (c) The principal business of Deephaven Capital Management LLC is an unregistered investment advisor. (d) During the last 5 years, Deephaven Capital Management LLC has not been convicted in a criminal proceeding. (e) During the last 5 years, Deephaven Capital Management LLC, has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction. (f) Deephaven Capital Management LLC is a Delaware limited liability company. Item 3. The source of funding for the purchase of these Shares was general working capital. Item 4. Purpose of Transaction. Deephaven Capital Management LLC acquired the Shares believing them to be undervalued. Deephaven Capital Management LLC reserves the right to acquire additional Shares at any time and from time to time in the open market or otherwise. In addition, Registrant may dispose of all or any portion of the Shares at any time or from time to time in the open market or otherwise. Registrant may seek to participate in, and influence the outcome of, any proxy solicitation and the bidding process involving the Issuer, as a bidder or otherwise. Item 5. Interest in Securities of Issuer (a) Deephaven Capital Management LLC is the beneficial owner of 1,642,206 shares of Beasley common stock, which constitutes 22.06% of total shares outstanding. (b) Deephaven Capital Management LLC has sole power to vote or to direct the vote, as well as the sole power to dispose or to direct the disposition of the 1,642,206 shares. (c) Deephaven Capital Management LLC effected the following transactions in the open market in the last 60 days: Trade Date Transaction Type Quantity Price 04/29/05 Buy 1,794 15.61 04/29/05 Buy 506 15.61 05/02/05 Buy 78 16.92 05/02/05 Buy 22 16.92 05/03/05 Buy 1,113 16.74 05/03/05 Buy 314 16.74 05/04/05 Buy 88 16.98 05/04/05 Buy 312 16.98 05/05/05 Buy 88 16.93 05/05/05 Buy 312 16.93 05/06/05 Buy 308 17.23 05/06/05 Buy 1,092 17.23 05/09/05 Buy 78 17.22 05/09/05 Buy 22 17.22 05/10/05 Buy 990 17.55 05/10/05 Buy 3,510 17.55 05/11/05 Buy 425 17.51 05/11/05 Buy 1,505 17.51 05/12/05 Buy 1,092 17.58 05/12/05 Buy 308 17.58 05/13/05 Buy 3,117 17.50 05/13/05 Buy 11,049 17.50 05/17/05 Buy 44 17.83 05/17/05 Buy 156 17.83 05/18/05 Buy 88 17.81 05/18/05 Buy 312 17.81 05/19/05 Buy 2,106 17.41 05/19/05 Buy 594 17.41 05/20/05 Buy 572 17.14 05/20/05 Buy 2,028 17.14 05/23/05 Buy 4,476 16.88 05/23/05 Buy 1,262 16.88 05/24/05 Buy 1,342 16.84 05/24/05 Buy 4,758 16.84 05/25/05 Buy 825 16.34 05/25/05 Buy 2,923 16.34 05/25/05 Sell (550) 16.29 05/25/05 Sell (1,950) 16.29 05/26/05 Buy 3,363 16.35 05/26/05 Buy 949 16.35 05/27/05 Buy 1,851 16.32 05/27/05 Buy 349 16.32 05/27/05 Sell (1,477) 16.42 05/27/05 Sell (278) 16.42 05/31/05 Buy 1,068 16.20 05/31/05 Buy 3,785 16.20 06/01/05 Buy 3,666 15.71 06/01/05 Buy 1,034 15.71 06/02/05 Buy 176 16.02 06/02/05 Buy 624 16.02 06/03/05 Buy 1,425 15.70 06/03/05 Buy 5,054 15.70 06/03/05 Sell (176) 15.91 06/03/05 Sell (624) 15.91 06/06/05 Buy 309 15.54 06/06/05 Buy 1,095 15.54 06/07/05 Buy 1,716 15.56 06/07/05 Buy 484 15.56 06/08/05 Buy 2,496 15.42 06/08/05 Buy 704 15.42 06/09/05 Buy 807 15.23 06/09/05 Buy 2,862 15.23 06/09/05 Sell (132) 15.18 06/09/05 Sell (468) 15.18 06/10/05 Buy 3,311 15.20 06/10/05 Buy 934 15.20 06/13/05 Buy 484 15.39 06/13/05 Buy 1,716 15.39 06/14/05 Buy 44 15.72 06/14/05 Buy 156 15.72 06/14/05 Sell (6) 15.71 06/14/05 Sell (19) 15.71 06/15/05 Buy 66 15.63 06/15/05 Buy 234 15.63 06/16/05 Buy 110 15.59 06/16/05 Buy 390 15.59 06/17/05 Buy 110 14.56 06/17/05 Buy 390 14.56 06/20/05 Buy 880 14.45 06/20/05 Buy 3,120 14.45 06/21/05 Buy 25,504 14.34 06/21/05 Buy 154 14.44 06/21/05 Buy 546 14.44 06/21/05 Sell (25,504) 14.34 06/22/05 Buy 242 14.45 06/22/05 Buy 858 14.45 (d) N/A (e) N/A Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer N/A Item 7. Material to be Filed as Exhibits N/A 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. Date June 23, 2005 Signature /s/ Jim Korn, Chief Legal Officer -----END PRIVACY-ENHANCED MESSAGE-----