-----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, WV4fEOC44CfSo7j/XEkN0LaDkH34YNLdt7qj+mZ/YdDPq71KP6gUklhlR/EGjuti DbCH/HlYOy1ff0pBjsBhgQ== 0000905148-06-002311.txt : 20060315 0000905148-06-002311.hdr.sgml : 20060315 20060315105135 ACCESSION NUMBER: 0000905148-06-002311 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060315 DATE AS OF CHANGE: 20060315 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WorldSpace, Inc CENTRAL INDEX KEY: 0001315054 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 521732881 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80914 FILM NUMBER: 06687069 BUSINESS ADDRESS: STREET 1: 2400 N STREET, NW CITY: WASHINGTON STATE: DC ZIP: 20037 BUSINESS PHONE: (202)969-6000 MAIL ADDRESS: STREET 1: 2400 N STREET, NW CITY: WASHINGTON STATE: DC ZIP: 20037 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KINGDON CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001000097 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 157 WEST 57TH STREET 50TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2123330100 MAIL ADDRESS: STREET 1: 152 WEST 57TH STREET 50 FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: KINGDON CAPITAL MANAGEMENT CORP DATE OF NAME CHANGE: 19960408 SC 13G/A 1 efc6-1068_5848169fm13ga.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 - -------------------------------------------------------------------------------- SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) WORLDSPACE, INC. ---------------- (Name of Issuer) Class A Common Stock, $0.01 par value per share ----------------------------------------------- (Title of Class of Securities) 981579105 ------------------------- (CUSIP Number) March 14, 2006 ---------------------------- (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). Continued on following pages Page 1 of 7 Pages SCHEDULE 13G CUSIP No.: 981579105 Page 2 of 7 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). KINGDON CAPITAL MANAGEMENT, LLC ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization Delaware .. ...... ....................................................................... Number of Shares Shares 5. Sole Voting Power 1,142,282 Beneficially ...... ...................................................... Owned by Each 6. Shared Voting Power 0 Reporting ...... ...................................................... Person 7. Sole Dispositive Power 1,142,282 With ...... ...................................................... 8. Shared Dispositive Power 0 ......... ....................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,142,282 ......... ....................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ......... ....................................................................... 11. Percent of Class Represented by Amount in Row (9) 5.9% ......... ....................................................................... 12. Type of Reporting Person: OO; IA SCHEDULE 13G CUSIP No.: 981579105 Page 3 of 7 Pages ......... ....................................................................... 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). MARK KINGDON ......... ....................................................................... 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] ......... ....................................................................... 3. SEC Use Only ......... ....................................................................... 4. Citizenship or Place of Organization United States of America ................... ...... ...................................................... 5. Number of Shares 0 Beneficially ...... ...................................................... Owned by Each 6. Shared Voting Power 1,142,282 Reporting Person ...... ...................................................... With 7. Sole Dispositive Power 0 ...... ...................................................... 8. Shared Dispositive Power 1,142,282 ......... ....................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,142,282 ......... ....................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ......... ....................................................................... 11. Percent of Class Represented by Amount in Row (9) 5.9% ......... ....................................................................... 12. Type of Reporting Person: HC Page 4 of 7 Pages This Amendment No. 1 is being filed to correct certain typographical errors in the initial statement on Schedule 13G filed by the Reporting Persons on March 13, 2006. Information has not been updated to reflect any changes since March 13, 2006. Item 1(a). Name of Issuer: Worldspace, Inc. (the "Issuer"). Item 1(b). Address of Issuer's Principal Executive Offices: 8515 Georgia Avenue, Silver Spring, MD. 20910. Item 2(a). Name of Person Filing This Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i) Kingdon Capital Management, LLC ("Kingdon Capital Management"); and ii) Mark Kingdon ("Mr. Kingdon"). This Statement relates to Shares (as defined herein) held for the accounts of Kingdon Associates, a New York limited partnership ("Kingdon Associates"), M. Kingdon Offshore Ltd., a Cayman Islands exempted company ("Kingdon Offshore"), and Kingdon Family Partnership, L.P., a New York limited partnership ("Kingdon Family Partnership"). Kingdon Capital Management serves as investment manager to each of Kingdon Associates, Kingdon Offshore and Kingdon Family Partnership. In such capacity, Kingdon Capital Management may be deemed to have voting and dispositive power over the Shares held for the accounts of each of Kingdon Associates, Kingdon Offshore and Kingdon Family Partnership. Mr. Kingdon is the managing member and president of Kingdon Capital Management. Item 2(b). Address of Principal Business Office or, if None, Residence The address of the principal business office of each of Kingdon Capital Management and Mr. Kingdon is 152 West 57th Street, 50th Floor, New York, New York 10019. Item 2(c). Citizenship i) Kingdon Capital Management is a Delaware limited liability company; and ii) Mr. Kingdon is a citizen of the United States of America. Item 2(d). Title of Class of Securities: Class A Common Stock, $0.01 par value per share (the "Shares"). Item 2(e). CUSIP Number: 981579105 Page 5 of 7 Pages Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: This Item 3 is not applicable. Item 4. Ownership: Item 4(a). Amount Beneficially Owned: As of March 7, 2006, each of Kingdon Capital Management and Mr. Kingdon may be deemed to beneficially own 1,142,282 Shares. This amount consists of: (A) 326,900 Shares held for the account of Kingdon Associates; (B) 769,182 Shares held for the account of Kingdon Offshore; and (C) 46,200 Shares held for the account of Kingdon Family Partnership. Item 4(b). Percent of Class: The number of Shares of which each of Kingdon Capital Management and Mr. Kingdon may be deemed to be the beneficial owner constitutes approximately 5.9% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recent quarterly report filed on Form 10-Q with the Securities and Exchange Commission on November 8, 2005, there were 19,321,332 Shares outstanding as of June 30, 2005). Item 4(c). Number of Shares of which such person has: Kingdon Capital Management: - --------------------------- (i) Sole power to vote or direct the vote: 1,142,282 (ii) Shared power to vote or direct the vote: 0 (iii) Sole power to dispose or direct the disposition of: 1,142,282 (iv) Shared power to dispose or direct the disposition of: 0 Mr. Kingdon: - ------------ (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,142,282 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 1,142,282 Item 5. Ownership of Five Percent or Less of a Class: This Item 5 is not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person: This Item 6 is not applicable. Page 6 of 7 Pages Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: See disclosure in Item 2 hereof. Item 8. Identification and Classification of Members of the Group: This Item 8 is not applicable. Item 9. Notice of Dissolution of Group: This Item 9 is not applicable. Item 10. Certification: By signing below each of the Reporting Persons certifies that, to the best of their 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. Page 7 of 7 Pages SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: March 15, 2006 KINGDON CAPITAL MANAGEMENT, LLC By: /s/ William Walsh -------------------------------- Name: William Walsh Title: Chief Financial Officer Date: March 15, 2006 MARK KINGDON /s/ Mark Kingdon -------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----