0000905718-15-000737.txt : 20150818 0000905718-15-000737.hdr.sgml : 20150818 20150818154324 ACCESSION NUMBER: 0000905718-15-000737 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150818 DATE AS OF CHANGE: 20150818 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Pacific DataVision, Inc. CENTRAL INDEX KEY: 0001304492 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 330745043 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88631 FILM NUMBER: 151061241 BUSINESS ADDRESS: STREET 1: 3 GARRET MOUNTAIN PLAZA STREET 2: SUITE 401 CITY: WOODLAND PARK STATE: NJ ZIP: 07424 BUSINESS PHONE: (973) 771-0300 MAIL ADDRESS: STREET 1: 3 GARRET MOUNTAIN PLAZA STREET 2: SUITE 401 CITY: WOODLAND PARK STATE: NJ ZIP: 07424 FORMER COMPANY: FORMER CONFORMED NAME: Pacific Data Vision DATE OF NAME CHANGE: 20040928 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FEINBERG STEPHEN CENTRAL INDEX KEY: 0000947822 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 875 THIRD AVENUE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 pacificdata_13dam1aug2015.htm AMENDMENT NO. 1

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

PACIFIC DATAVISION, INC.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
694171307
(CUSIP Number)
 

 

Mr. Stephen Feinberg

c/o Cerberus Capital Management, L.P.

875 Third Avenue, 11th Floor

New York, NY 10022

(212) 891-2100

 

with a copy to:

Robert G. Minion, Esq.

Lowenstein Sandler LLP

1251 Avenue of the Americas, 17th Floor

New York, New York 10020

(646) 414-6930

 

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 
August 13, 2015
(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 schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 

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 disclosures provided in a prior cover page.

 

The information required on 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.  694171307
1. Names of Reporting Persons.  I.R.S. Identification Nos. of above persons (entities only):
  Stephen Feinberg  
2. Check the Appropriate Box if a Member of a Group (a)      Not  
  (b)  Applicable  
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):   
  Not Applicable  
6. Citizenship or Place of Organization:    United States
 
  Number of 7. Sole Voting Power: 3,140,506*  
  Shares Beneficially 8. Shared Voting Power: 0    
  Owned by      
  Each Reporting 9. Sole Dispositive Power: 3,140,506*  
  Person With 10. Shared Dispositive Power: 0    
       
11. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,140,506*  
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
  (See Instructions):   [   ]    
13. Percent of Class Represented by Amount in Row (11):     22.0%*  
14. Type of Reporting Person (See Instructions):    IA, IN  
                   

 * Based upon information set forth in the Quarterly Report on Form 10-Q of Pacific DataVision, Inc., a Delaware corporation (the “Company”), filed with the Securities and Exchange Commission on August 11, 2015, there were 14,266,872 shares of common stock, par value $0.0001 per share (the “Common Stock”), of the Company issued and outstanding as of August 7, 2015. As of the filing date of this Schedule 13D Amendment No. 1, funds and accounts affiliated with Cerberus Capital Management, L.P. (collectively, the “Cerberus Funds”) own 3,140,506 shares of the Common Stock in the aggregate. Stephen Feinberg, through one or more intermediate entities, possesses the sole power to vote and the sole power to direct the disposition of all securities of the Company beneficially owned by the Cerberus Funds. As a result, as of the filing date of this Schedule 13D Amendment No. 1, Stephen Feinberg may be deemed to beneficially own 3,140,506 shares of the Common Stock, or 22.0% of the shares of the Common Stock issued and outstanding.

 

 
 

 

 

Item 4.     Purpose of Transaction

Item 4 is hereby amended by deleting the text thereof in its entirety and substituting the following in lieu thereof:

 

The ownership of the securities set forth in this Schedule 13D Amendment No. 1 is for investment purposes only.  However, Cerberus intends to review the investment in the Company by the Cerberus Funds on a continuing basis and, in connection therewith, has had, and expects to continue to have, discussions with representatives of the Company and other persons and entities regarding various matters relating to the Company, including, among other things, the composition of the Company’s board of directors, its management, business, operations, financial performance and share price, as well as certain agreements and/or understandings that may be entered into regarding the Common Stock held by the Cerberus Funds in connection therewith.  Cerberus has not at this time entered into any agreements with the Company or any other person or entity with respect to any such matters, but may in the future do so.  Except as otherwise set forth herein, neither Mr. Feinberg nor Cerberus has any plans or proposals which relate to or would result in any of the items for which disclosure is required pursuant to Item 4 of Schedule 13D.

 

 

Item 5.     Interest in Securities of the Issuer.

Item 5 is hereby amended by deleting the text thereof in its entirety and substituting the following in lieu thereof:

 

Based upon information set forth in the Quarterly Report on Form 10-Q of the Company, filed with the Securities and Exchange Commission on August 11, 2015, there were 14,266,872 shares of the Common Stock issued and outstanding as of August 7, 2015.  As of the filing date of this Schedule 13D Amendment No. 1, the Cerberus Funds own 3,140,506 shares of the Common Stock in the aggregate.  Mr. Feinberg, through one or more intermediate entities, possesses the sole power to vote and the sole power to direct the disposition of all securities of the Company beneficially owned by the Cerberus Funds.  As a result, as of the filing date of this Schedule 13D Amendment No. 1, Mr. Feinberg may be deemed to beneficially own 3,140,506 shares of the Common Stock, or 22.0% of the shares of the Common Stock issued and outstanding.

 

The following table details the transactions in the shares of the Common Stock of the Company, or securities convertible into, exercisable for or exchangeable for shares of the Common Stock, by the Cerberus Funds (or any other person or entity controlled by Mr. Feinberg or any person or entity for which Mr. Feinberg possesses voting or investment control over the securities thereof), each of which were effected in an ordinary brokerage transaction, since July 9, 2015 (which is the date of the filing with the Securities and Exchange Commission of the Schedule 13D which is amended hereby):

 

 
 

 

 

PURCHASES
         
  Date Quantity Price  
  July 20, 2015 20,900 $37.5042  
  August 12, 2015 117,487 $28.7958  
  August 13, 2015 79,090 $31.518  
  August 14, 2015 10,054 $32.7994  
  August 17, 2015 31,352 $33.9998  

 

 

SALES

 

None

 

 

Item 6.      Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

Item 6 is hereby amended by deleting the text thereof in its entirety and substituting the following in lieu thereof:

 

Except as otherwise set forth in this Schedule 13D Amendment No. 1 (including but not limited to the discussions with representatives of the Company and other persons and entities regarding various matters relating to the Company described in Item 4 above), no contracts, arrangements, understandings or similar relationships exist with respect to the securities of the Company between Mr. Feinberg and/or Cerberus and any person or entity.

 

 

 

 

 
 

 

 

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.

 

  August 18, 2015  
     
  /s/ Stephen Feinberg  
  Stephen Feinberg, on behalf of Craig Court, Inc., the managing member of Craig Court GP, LLC, the general partner of Cerberus Capital Management, L.P.  
     
     

 

 

 

 

Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).