-----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, B0u5YKwxhprejIYAhuKp2ZwnsRkJpiRv0sqle9koKE2VqKmijRmPjmKyBg0gMDoN K7wI9hUJXFF0q8Nj3Qx+6g== 0000905148-10-002133.txt : 20101105 0000905148-10-002133.hdr.sgml : 20101105 20101105161222 ACCESSION NUMBER: 0000905148-10-002133 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101105 DATE AS OF CHANGE: 20101105 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TERRESTAR CORP CENTRAL INDEX KEY: 0000913665 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 930976127 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42503 FILM NUMBER: 101168945 BUSINESS ADDRESS: STREET 1: 12010 SUNSET HILLS ROAD CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-483-7806 MAIL ADDRESS: STREET 1: 12010 SUNSET HILLS ROAD CITY: RESTON STATE: VA ZIP: 20190 FORMER COMPANY: FORMER CONFORMED NAME: MOTIENT CORP DATE OF NAME CHANGE: 20000424 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN MOBILE SATELLITE CORP DATE OF NAME CHANGE: 19931019 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD. CENTRAL INDEX KEY: 0001233563 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O INTERNATIONAL FUND SVS. (IRELAND) LT STREET 2: 78 SIR JOHN ROGERSON'S QUAY CITY: DUBLIN 2 STATE: L2 ZIP: 00000 BUSINESS PHONE: 2125216972 MAIL ADDRESS: STREET 1: C/O INTERNATIONAL FUND SVS. (IRELAND) LT STREET 2: 78 SIR JOHN ROGERSON'S QUAY CITY: DUBLIN 2 STATE: L2 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: HARBERT DISTRESSED INVESTMENT MASTER FUND LTD DATE OF NAME CHANGE: 20030516 SC 13D/A 1 efc10-739_fmsc13da.htm efc10-739_fmsc13da.htm
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 

 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 22)*
 
TERRESTAR CORP
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
881451108
(CUSIP Number)
 
Philip Falcone
450 Park Avenue, 30th Floor
New York, NY 10022
(212) 339-5100
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

November 4, 2010
(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 statement because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [  ]
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See §240.13d-7 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 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 13D
 
 CUSIP No.:  881451108             Page 2 of 18 Pages
                                                       
 
1. 
 
 
Names of Reporting Persons.
 
I.R.S. Identification Nos. of above persons (entities only).
 
HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD.
 
2. 
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [   ]
 
(b) [   ]
 
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
 
Cayman Islands
 
Number of
Shares
Beneficially
Owned by Each
Reporting
Person with
 
7. 
 
 
Sole Voting Power                                           0
 
8. 
 
 
Shared Voting Power                                      18,464,291
 
9. 
 
 
Sole Dispositive Power                                   0
 
10. 
 
 
Shared Dispositive Power                              18,464,291
 
11. 
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
18,464,291
 
12. 
 
 
Check if the Aggregate Amount in Row (11) Excludes Certain Shares  (See Instructions)
 
[   ]
 
13. 
 
 
Percent of Class Represented by Amount in Row (11)
 
12.9%
 
14. 
 
 
Type of Reporting Person:
 
CO
 
 
 
 
 
 

 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 3  of 18 Pages
                                                       
 
1. 
 
 
Names of Reporting Persons.
 
I.R.S. Identification Nos. of above persons (entities only).
 
HARBINGER CAPITAL PARTNERS LLC
 
2. 
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [   ]
 
(b) [   ]
 
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                                      18,464,291
 
9. 
 
 
Sole Dispositive Power                                   0
 
10. 
 
 
Shared Dispositive Power                              18,464,291
 
11. 
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
18,464,291
 
12. 
 
 
Check if the Aggregate Amount in Row (11) Excludes Certain Shares  (See Instructions)
 
[   ]
 
13. 
 
 
Percent of Class Represented by Amount in Row (11)
 
12.9%
 
14. 
 
 
Type of Reporting Person:
 
CO
 
 
 
 
 
 

 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 4 of 18 Pages
                                                       
 
1. 
 
 
Names of Reporting Persons.
 
I.R.S. Identification Nos. of above persons (entities only).
 
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P.
 
2. 
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [   ]
 
(b) [   ]
 
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                                      6,237,797
 
9. 
 
 
Sole Dispositive Power                                   0
 
10. 
 
 
Shared Dispositive Power                              6,237,797
 
11. 
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
6,237,797
 
12. 
 
 
Check if the Aggregate Amount in Row (11) Excludes Certain Shares  (See Instructions)
 
[   ]
 
13. 
 
 
Percent of Class Represented by Amount in Row (11)
 
4.4%
 
14. 
 
 
Type of Reporting Person:
 
PN
 
 
 
 
 
 

 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 5 of 18 Pages
                                                       
 
1. 
 
 
Names of Reporting Persons.
 
I.R.S. Identification Nos. of above persons (entities only).
 
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS GP, LLC
 
2. 
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [   ]
 
(b) [   ]
 
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                                      6,237,797
 
9. 
 
 
Sole Dispositive Power                                   0
 
10. 
 
 
Shared Dispositive Power                              6,237,797
 
11. 
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
6,237,797
 
12. 
 
 
Check if the Aggregate Amount in Row (11) Excludes Certain Shares  (See Instructions)
 
[   ]
 
13. 
 
 
Percent of Class Represented by Amount in Row (11)
 
4.4%
 
14. 
 
 
Type of Reporting Person:
 
CO
 
 
 
 
 

 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 6 of 18 Pages
                                                       
 
1. 
 
 
Names of Reporting Persons.
 
I.R.S. Identification Nos. of above persons (entities only).
 
CREDIT DISTRESSED BLUE LINE MASTER FUND, LTD.
 
2. 
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [   ]
 
(b) [   ]
 
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
 
Cayman Islands
 
Number of
Shares
Beneficially
Owned by Each
Reporting
Person with
 
7. 
 
 
Sole Voting Power                                           0
 
8. 
 
 
Shared Voting Power                                      4,598,467
 
9. 
 
 
Sole Dispositive Power                                   0
 
10. 
 
 
Shared Dispositive Power                              4,598,467
 
11. 
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
4,598,467
 
12. 
 
 
Check if the Aggregate Amount in Row (11) Excludes Certain Shares  (See Instructions)
 
[   ]
 
13. 
 
 
Percent of Class Represented by Amount in Row (11)
 
3.2%
 
14. 
 
 
Type of Reporting Person:
 
CO
 
 
 
 
 
 

 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 7 of 18 Pages
                                                       
 
1. 
 
 
Names of Reporting Persons.
 
I.R.S. Identification Nos. of above persons (entities only).
 
HARBINGER CAPITAL PARTNERS II LP
 
2. 
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [   ]
 
(b) [   ]
 
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                                      4,598,467
 
9. 
 
 
Sole Dispositive Power                                   0
 
10. 
 
 
Shared Dispositive Power                              4,598,467
 
11. 
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
4,598,467
 
12. 
 
 
Check if the Aggregate Amount in Row (11) Excludes Certain Shares  (See Instructions)
 
[   ]
 
13. 
 
 
Percent of Class Represented by Amount in Row (11)
 
3.2%
 
14. 
 
 
Type of Reporting Person:
 
PN
 
 
 
 
 

 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 8 of 18 Pages
                                                       
 
1. 
 
 
Names of Reporting Persons.
 
I.R.S. Identification Nos. of above persons (entities only).
 
HARBINGER CAPITAL PARTNERS II GP LLC
 
2. 
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [   ]
 
(b) [   ]
 
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                                      4,598,467
 
9. 
 
 
Sole Dispositive Power                                   0
 
10. 
 
 
Shared Dispositive Power                              4,598,467
 
11. 
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
4,598,467
 
12. 
 
 
Check if the Aggregate Amount in Row (11) Excludes Certain Shares  (See Instructions)
 
[   ]
 
13. 
 
 
Percent of Class Represented by Amount in Row (11)
 
3.2%
 
14. 
 
 
Type of Reporting Person:
 
CO
 
 
 
 
 
 

 
 
 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 9 of 18 Pages
                                                       
 
1. 
 
 
Names of Reporting Persons.
 
I.R.S. Identification Nos. of above persons (entities only).
 
HARBINGER HOLDINGS, LLC
 
2. 
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [   ]
 
(b) [   ]
 
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                                      24,702,088
 
9. 
 
 
Sole Dispositive Power                                   0
 
10. 
 
 
Shared Dispositive Power                             24,702,088
 
11. 
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
24,702,088
 
12. 
 
 
Check if the Aggregate Amount in Row (11) Excludes Certain Shares  (See Instructions)
 
[   ]
 
13. 
 
 
Percent of Class Represented by Amount in Row (11)
 
17.2%
 
14. 
 
 
Type of Reporting Person:
 
CO
 
 
 
 

 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 10 of 18 Pages
                                                       
 
1. 
 
 
Names of Reporting Persons.
 
I.R.S. Identification Nos. of above persons (entities only).
 
PHILIP FALCONE
 
2. 
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [   ]
 
(b) [   ]
 
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
 
United States of America
 
Number of
Shares
Beneficially
Owned by Each
Reporting
Person with
 
7. 
 
 
Sole Voting Power                                           0
 
8. 
 
 
Shared Voting Power                                      29,300,555
 
9. 
 
 
Sole Dispositive Power                                   0
 
10. 
 
 
Shared Dispositive Power                             29,300,555
 
11. 
 
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
29,300,555
 
12. 
 
 
Check if the Aggregate Amount in Row (11) Excludes Certain Shares  (See Instructions)
 
[   ]
 
13. 
 
 
Percent of Class Represented by Amount in Row (11)
 
19.7%
 
14. 
 
 
Type of Reporting Person:
 
IN
 
 
 
 
 
 

 
 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 11 of 18 Pages
 
 
Item 1.                    Security and Issuer
 
Item 1 of the Schedule 13D is hereby amended and restated in its entirety as follows:

This Amendment No. 22 to Schedule 13D is being filed by the undersigned to amend the Schedule 13D filed by the Reporting Persons on February 21, 2007, as amended by Amendments Nos. 1-21, the last of which was filed on November 3, 2010 (as amended, the “Schedule 13D”), with respect to the Common Stock, par value $0.01 per share (the “Shares”), of TerreStar Corp (“TerreStar”), whose principal executive offices are located at 12010 Sunset Hills Road, 6th Floor, Reston, VA 20190.

Item 2.                    Identity and Background

No material change.

Item 3.                   Source and Amount of Funds or Other Consideration

Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows:

As of November 4, 2010, the Master Fund may be deemed to beneficially own 18,464,291 Shares.
 
As of November 4, 2010, Harbinger LLC may be deemed to beneficially own 18,464,291 Shares.

As of November 4, 2010, the Special Fund may be deemed to beneficially own 6,237,797 Shares.

As of November 4, 2010, the HCPSS may be deemed to beneficially own 6,237,797 Shares.

As of November 4, 2010, the Blue Line Fund may be deemed to beneficially own 4,598,467 Shares.

As of November 4, 2010, HCP II may be deemed to beneficially own 4,598,467 Shares.

As of November 4, 2010, HCP II GP may be deemed to beneficially own 4,598,467 Shares.
 
As of November 4, 2010, Harbinger Holdings may be deemed to beneficially own 24,702,088 Shares.
 
As of November 4, 2010, Philip Falcone may be deemed to beneficially own 29,300,555 Shares.

No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course of business.

Item 4.                   Purpose of Transaction

No material change.
 
 
 
 
 

 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 12 of 18 Pages
 
 
Item 5.                    Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
 
(a, b) As of November 4, 2010, the Master Fund may be deemed to be the beneficial owner of 18,464,291 Shares, constituting 12.9% of the 143,151,084* total Shares outstanding.
 
The Master Fund has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 18,464,291 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 18,464,291 Shares.
  
(a, b) As of November 4, 2010, Harbinger LLC may be deemed to be the beneficial owner of 18,464,291 Shares, constituting 12.9% of the 143,151,084* total Shares outstanding.
 
Harbinger LLC has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 18,464,291 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 18,464,291 Shares.
  
(a, b) As of November 4, 2010, the Special Fund may be deemed to be the beneficial owner of 6,237,797 Shares, constituting 4.4% of the 140,186,154* total Shares outstanding.
 
The Special Fund has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 6,237,797 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 6,237,797 Shares.
  
(a, b) As of November 4, 2010, HCPSS may be deemed to be the beneficial owner of 6,237,797 Shares, constituting 4.4% of the 140,186,154* total Shares outstanding.
 
HCPSS has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 6,237,797 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 6,237,797 Shares.
 
(a, b) As of November 4, 2010, the Blue Line Fund may be deemed to be the beneficial owner of 4,598,467 Shares, constituting 3.2% of the 144,064,501* total Shares outstanding.
 
The Blue Line Fund has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 4,598,467 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 4,598,467 Shares.
  
(a, b) As of November 4, 2010, HCP II may be deemed to be the beneficial owner of 4,598,467 Shares, constituting 3.2% of the 144,064,501* total Shares outstanding.
 
HCP II has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 4,598,467 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 4,598,467 Shares.
  
(a, b) As of November 4, 2010, HCP II GP may be deemed to be the beneficial owner of 4,598,467 Shares, constituting 3.2% of the 144,064,501* total Shares outstanding.
 
 
 
 

 
 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 13 of 18 Pages
 
 
HCP II GP has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 4,598,467 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 4,598,467 Shares.
  
(a, b) As of November 4, 2010, Harbinger Holdings may be deemed to be the beneficial owner of 24,702,088 Shares, constituting 17.2% of the 143,871,204* total Shares outstanding.
 
Harbinger Holdings has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 24,702,088 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 24,702,088 Shares.
  
(a, b) As of November 4, 2010, Mr. Falcone may be deemed to be the beneficial owner of 29,300,555 Shares, constituting 19.7% of the 148,469,671* total Shares outstanding.
 
Mr. Falcone has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 29,300,555 Shares; has sole power to dispose or direct the disposition of 0 Shares; and has shared power to dispose or direct the disposition of 29,300,555 Shares.

* This figure is based on 139,466,034 Shares outstanding (as of August 2, 2010, according to the Issuer’s most recent Form 10-Q, filed on August 6, 2010), adjusted for derivative securities held by the Reporting Person.

(c) The trading dates, number of Shares acquired and disposed of, and the price per share for all transactions in the Shares by the Reporting Persons in the past sixty days, separate from the transactions reported on the prior Schedule 13D amendment, are set forth in Exhibit B.  These transactions were all open-market.

(d) This Item 5(d) is not applicable.

(e) This Item 5(e) is not applicable.
 
Item 6.                    Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

This Item 6 is not applicable.

Item 7.                    Material to be Filed as Exhibits.

Exhibit A:                      Joint Filing Agreement

Exhibit B:                      Schedule of Transactions
 
 
 
 
 
 

 
 
 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 14 of 18 Pages
 

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.
 
 
   
HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD.
 
By:  HARBINGER CAPITAL PARTNERS LLC
 
By:  HARBINGER HOLDINGS, LLC,  Manager
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER CAPITAL PARTNERS LLC
 
By:  HARBINGER HOLDINGS, LLC,  Manager
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P.
 
By:  HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS GP, LLC
 
By:  HARBINGER HOLDINGS, LLC,  Managing Member
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS GP, LLC
 
By:  HARBINGER HOLDINGS, LLC,  Managing Member
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
 
 
 
 
 

 
 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108             Page 15 of 18 Pages
 
 
   
CREDIT DISTRESSED BLUE LINE MASTER FUND, LTD.
 
By:  HARBINGER CAPITAL PARTNERS II LP
 
By:  HARBINGER CAPITAL PARTNERS II GP LLC, General Partner
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER CAPITAL PARTNERS II LP
 
By:  HARBINGER CAPITAL PARTNERS II GP LLC, General Partner
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER CAPITAL PARTNERS II GP LLC
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER HOLDINGS, LLC
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
 /s/ Philip Falcone
      Philip Falcone
 
 
 

November 5, 2010


Attention: Intentional misstatements or omissions of fact constitute federal violations (see 18 U.S.C. 1001).
 
 
 
 
 

 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108        
    Page 16 of 18 Pages
 
 
    EXHIBIT A
 
 
 
 
 
JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13D with respect to the Common Stock, par value $0.01 per share of TerreStar Corp, dated as of November 5, 2010 is, and any amendments thereto (including amendments on Schedule 13G) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.

 
   
HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD.
 
By:  HARBINGER CAPITAL PARTNERS LLC
 
By:  HARBINGER HOLDINGS, LLC,  Manager
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER CAPITAL PARTNERS LLC
 
By:  HARBINGER HOLDINGS, LLC,  Manager
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P.
 
By:  HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS GP, LLC
 
By:  HARBINGER HOLDINGS, LLC,  Managing Member
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS GP, LLC
 
By:  HARBINGER HOLDINGS, LLC,  Managing Member
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108        
    Page 17 of 18 Pages
 
 
 
   
CREDIT DISTRESSED BLUE LINE MASTER FUND, LTD.
 
By:  HARBINGER CAPITAL PARTNERS II LP
 
By:  HARBINGER CAPITAL PARTNERS II GP LLC, General Partner
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER CAPITAL PARTNERS II LP
 
By:  HARBINGER CAPITAL PARTNERS II GP LLC, General Partner
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER CAPITAL PARTNERS II GP LLC
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
HARBINGER HOLDINGS, LLC
 
By:  /s/ Philip Falcone
Name:  Philip Falcone
Title:    Managing Member
 
 
   
 /s/ Philip Falcone
      Philip Falcone
 
 
 
 
 
 
 
November 5, 2010
 
 
 
 
 
 

 
 
 
SCHEDULE 13D
 
 CUSIP No.:  881451108        
    Page 18 of 18 Pages
 
 
    EXHIBIT B
 
 
 
SCHEDULE OF TRANSACTIONS
 
Master Fund

Dates
Shares Acquired
or Disposed of
 
Price per Share
November 3, 2010
(582,522)
0.1172
November 4, 2010
(6,819,143)
0.1095


Special Fund

Dates
Shares Acquired
or Disposed of
 
Price per Share
November 3, 2010
(217,478)
0.1172
November 4, 2010
(2,545,857)
0.1095


 
 
 
 
 
 
 
 
 
 
 
 

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