-----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, JDBC0Tqzg/ik0xXjHHjaTTTm+RRw1tD1uVNsvcK4WsaGrydf2cZg9nVRNUbV/AHX sIwoj0y5vvJvhzMU697GZw== 0001104659-09-069834.txt : 20091214 0001104659-09-069834.hdr.sgml : 20091214 20091214125811 ACCESSION NUMBER: 0001104659-09-069834 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20091214 DATE AS OF CHANGE: 20091214 GROUP MEMBERS: RHP GENERAL PARTNER, LLC GROUP MEMBERS: ROCK HILL INVESTMENT MANAGEMENT, L.P. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RHP MASTER FUND LTD CENTRAL INDEX KEY: 0001274394 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BEACON POWER CORP CENTRAL INDEX KEY: 0001103345 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 043372365 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-60669 FILM NUMBER: 091238270 BUSINESS ADDRESS: STREET 1: 65 MIDDLESEX ROAD CITY: TYNGSBORO STATE: MA ZIP: 01879 BUSINESS PHONE: 9786949121 MAIL ADDRESS: STREET 1: 65 MIDDLESEX ROAD CITY: TYNGSBORO STATE: MA ZIP: 01879 SC 13G 1 a09-35292_1sc13g.htm SC 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 


 

SCHEDULE 13G

 

INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2
(Amendment No.     )

 

BEACON POWER CORPORATION

(Name of Issuer)

COMMON STOCK, $.01 PAR VALUE

(Title of Class of Securities)

073677106

(CUSIP Number)

December 4, 2009

Date of Event Which Requires Filing of this Statement

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

 

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.

 



 

CUSIP No. 073677106

 

 

1

Name of Reporting Person/
I.R.S. Identification No. of Above Person (Entities Only)
RHP Master Fund, Ltd.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
Cayman Islands

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
9,200,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
9,200,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
9,200,000

 

 

10

Check box if the Aggregate Amount in Row (9) Excludes Certain Shares   o
N/A

 

 

11

Percent of Class Represented by Amount in Row (9)
5.2%

 

 

12

Type of Reporting Person
CO

 

2



 

CUSIP No. 073677106

 

 

1

Name of Reporting Person/
I.R.S. Identification No. of Above Person (Entities Only)
Rock Hill Investment Management, L.P.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
9,200,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
9,200,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
9,200,000

 

 

10

Check box if the Aggregate Amount in Row (9) Excludes Certain Shares  o
N/A

 

 

11

Percent of Class Represented by Amount in Row (9)
5.2%

 

 

12

Type of Reporting Person
PN

 

3



 

CUSIP No. 073677106

 

 

1

Name of Reporting Person/
I.R.S. Identification No. of Above Person (Entities Only)
RHP General Partner, LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0

 

6

Shared Voting Power
9,200,000

 

7

Sole Dispositive Power
0

 

8

Shared Dispositive Power
9,200,000

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
9,200,000

 

 

10

Check box if the Aggregate Amount in Row (9) Excludes Certain Shares  o
N/A

 

 

11

Percent of Class Represented by Amount in Row (9)
5.2%

 

 

12

Type of Reporting Person
OO

 

4



 

CUSIP No. 073677106

 

Item 1.

 

(a)

Name of Issuer:
Beacon Power Corporation (the “Issuer”)

 

(b)

Address of Issuer’s Principal Executive Offices:
65 Middlesex Road, Tyngsboro, Massachusetts 01879

 

Item 2.

 

(a)
(b)
(c)

Name of Person Filing

Address of Principal Business Office

Citizenship:
RHP Master Fund, Ltd.

c/o Ogier Fiduciary Services (Cayman) Limited

P.O. Box 1234

Queensgate House

South Church Street

Grand Cayman KY1-1108

Cayman Islands, B.W.I.

Cayman Islands exempted company

 

 

Rock Hill Investment Management, L.P.

Three Bala Plaza - East, Suite 585

Bala Cynwyd, PA 19004

Delaware limited partnership

 

 

RHP General Partner, LLC

Three Bala Plaza - East, Suite 585

Bala Cynwyd, PA 19004

Delaware limited liability company

 

(d)

Title of Class of Securities:
Common Stock, par value $.01 per share ( “Common Stock”).

 

(e)

CUSIP Number:
073677106

 

Item 3.

If this statement is filed pursuant to rule 13d-1(b),or 13d-2(b) or (c), check whether the person filing is a:

N/A

 

 

 

 

5



 

CUSIP No. 073677106

 

 

Item 4.

Ownership.

RHP Master Fund, Ltd. (“RHP”)

Rock Hill Investment Management, L.P. (“Rock Hill”)

RHP General Partner, LLC (“Partner”)

 

RHP is a private investment fund.  Rock Hill is the investment manager of RHP, and Partner is the general partner of Rock Hill.

 

Wayne D. Bloch and Peter B. Lockhart are the owners of Partner.  Each of Mr. Bloch and Mr. Lockhart disclaim beneficial ownership of the securities listed as beneficially owned by RHP, Rock Hill and Partner in this Schedule 13G.

 

(a)

Amount beneficially owned:

9,200,000 shares of Common Stock (1)

 

(b)

Percent of class:

Approximately 5.2% as of the date of filing this statement.  Based on 170,971,457 shares of Common Stock issued and outstanding as of December 4, 2009, as reported on the Issuer’s Prospectus Supplement filed pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended, on December 4, 2009 (the “Prospectus”). (1)

 


(1) The beneficial ownership reported herein represents 5.2% of the outstanding Common Stock on December 4, 2009 and consists of 4,600,000 shares of Common Stock issued pursuant to the Prospectus (the “Prospectus Shares”) and an aggregate of 4,600,000 shares of Common Stock that are currently issuable within 60 days of December 4, 2009 as follows: (i) 2,300,000 shares of Common Stock issuable upon exercise of warrants issued in connection with the Prospectus Shares, at an exercise price of $.70 per share (the “Warrants”); and (ii) 2,300,000 shares of Common Stock issuable upon exercise of additional investor rights warrants issued in connection with the Prospectus Shares, at an exercise price equal to 85% of the volume weighted average price of the Common Stock for the five consecutive trading days immediately prior to the date of exercise, but in no event less than $0.272 (the “Rights Warrants”).  The Warrants expire on December 9, 2014 and the Rights Warrants expire on August 31, 2010.

 

The terms of the Warrants and the Rights Warrants (the Warrants together with the Rights Warrants are hereinafter referred to as the “Securities”) provide that the Securities are convertible or exercisable on any given date only to the extent that the number of shares of Common Stock then issuable upon the conversion or exercise of the Securities, together with any other shares of Common Stock beneficially owned by the Reporting Persons or any of their affiliates (excluding for this purpose shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted or unexercised Securities) would not exceed 9.9% of the Common Stock then issued and outstanding.  Accordingly, the Reporting Persons’ ability to fully convert or exercise the Securities may be limited by the terms of the Securities.

 

 

(c)

Number of shares as to which such persons have:

 

 

 

(i)

Sole power to vote or to direct the vote:

0

 

 

(ii)

Shared power to vote or to direct the vote:

See Item 4(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 4(a) above.

 

6



 

CUSIP No. 073677106

 

 

Item 5.

Ownership of Five Percent or Less of a Class.

N/A

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

RHP has granted to Rock Hill, as investment manager, the sole power to manage RHP’s investments.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

N/A

 

Item 8.

Identification and Classification of Members of the Group.

N/A

 

Item 9.

Notice of Dissolution of Group.

N/A

 

 

7



 

CUSIP No. 073677106

 

 

Item 10.

Certifications.

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 or effect.

 

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.

 

 

RHP Master Fund, Ltd.

 

By:

Rock Hill Investment Management, L.P.

 

By:

RHP General Partner, LLC

 

 

 

Dated: December 14, 2009

By:

/s/ WAYNE D. BLOCH

 

 

Wayne D. Bloch

 

 

Managing Partner

 

 

 

 

 

 

 

Rock Hill Investment Management, L.P.

 

By:

RHP General Partner, LLC

 

 

 

 

 

 

Dated: December 14, 2009

By:

/s/ WAYNE D. BLOCH

 

 

Wayne D. Bloch

 

 

Managing Partner

 

 

 

 

RHP General Partner, LLC

 

 

 

Dated: December 14, 2009

By:

/s/ WAYNE D. BLOCH

 

 

Wayne D. Bloch

 

 

Managing Partner

 

8



 

EXHIBIT A

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is used in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $.01 per share, of Beacon Power Corporation and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument.

 

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 14th day of December, 2009.

 

 

RHP Master Fund, Ltd.

 

By:

Rock Hill Investment Management, L.P.

 

By:

RHP General Partner, LLC

 

 

 

Dated: December 14, 2009

By:

/s/ WAYNE D. BLOCH

 

 

Wayne D. Bloch

 

 

Managing Partner

 

 

 

 

Rock Hill Investment Management, L.P.

 

By:

RHP General Partner, LLC

 

 

 

 

 

 

Dated: December 14, 2009

By:

/s/ WAYNE D. BLOCH

 

 

Wayne D. Bloch

 

 

Managing Partner

 

 

 

 

 

 

 

RHP General Partner, LLC

 

 

 

Dated: December 14, 2009

By:

/s/ WAYNE D. BLOCH

 

 

Wayne D. Bloch

 

 

Managing Partner

 


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