sc13g

0000950134-07-018571.txt : 20070820 0000950134-07-018571.hdr.sgml : 20070820 20070820164129 ACCESSION NUMBER: 0000950134-07-018571 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070820 DATE AS OF CHANGE: 20070820 GROUP MEMBERS: DAVID EINHORN GROUP MEMBERS: DME ADVISORS GP LLC GROUP MEMBERS: DME ADVISORS LP GROUP MEMBERS: GREENLIGHT CAPITAL INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SAIC, Inc. CENTRAL INDEX KEY: 0001336920 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82598 FILM NUMBER: 071068342 BUSINESS ADDRESS: STREET 1: 10260 CAMPUS POINT DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: (858) 826-6000 MAIL ADDRESS: STREET 1: 10260 CAMPUS POINT DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92121 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREENLIGHT CAPITAL LLC CENTRAL INDEX KEY: 0001040272 IRS NUMBER: 133886851 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 140 EAST 45TH STREET STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129731900 MAIL ADDRESS: STREET 1: 140 EAST 45TH STREET STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G 1 d49218sc13g.htm SCHEDULE 13G sc13g

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

SAIC, INC.

(Name of Issuer)

Common Stock, par value $0.0001 per share
(Title of Class of Securities)

78390X101
(CUSIP Number)

August 10, 2007
(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)
þ      Rule 13d-1(c)
o      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 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).

Continued on following pages
Page 1 of 12 Pages
Exhibit Index: Page 11

SCHEDULE 13G

CUSIP No.: 78390X101


1	Names of Reporting Persons

	I.R.S. Identification Nos. of above persons (entities only)
	GREENLIGHT CAPITAL, L.L.C. 13-3886851

2	Check the Appropriate Box If a Member of a Group (See Instructions)
	(a) o
	(b) o

3	SEC Use Only



4	Citizenship or Place of Organization

	DELAWARE

		5	Sole Voting Power

Number of			3,542,311

Shares		6	Shared Voting Power
Beneficially
Owned By			0

Each		7	Sole Dispositive Power
Reporting
Person			3,542,311

With		8	Shared Dispositive Power

			0

9	Aggregate Amount Beneficially Owned by Each Reporting Person

	3,542,311

10	Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

	o

11	Percent of Class Represented By Amount in Row (9)

	3.1%

12	Type of Reporting Person (See Instructions)

	OO

SCHEDULE 13G

CUSIP No.: 78390X101


1	Names of Reporting Persons

	I.R.S. Identification Nos. of above persons (entities only)
	GREENLIGHT CAPITAL, INC. 13-3871632

2	Check the Appropriate Box If a Member of a Group (See Instructions)
	(a) o
	(b) o

3	SEC Use Only



4	Citizenship or Place of Organization

	DELAWARE

		5	Sole Voting Power

Number of			3,910,100

Shares		6	Shared Voting Power
Beneficially
Owned By			0

Each		7	Sole Dispositive Power
Reporting
Person			3,910,100

With		8	Shared Dispositive Power

			0

9	Aggregate Amount Beneficially Owned by Each Reporting Person

	3,910,100

10	Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

	o

11	Percent of Class Represented By Amount in Row (9)

	3.4%

12	Type of Reporting Person (See Instructions)

	CO

SCHEDULE 13G

CUSIP No.: 78390X101


1	Names of Reporting Persons

	I.R.S. Identification Nos. of above persons (entities only)
	DME ADVISORS, L.P. 20-1365209

2	Check the Appropriate Box If a Member of a Group (See Instructions)
	(a) o
	(b) o

3	SEC Use Only



4	Citizenship or Place of Organization

	DELAWARE

		5	Sole Voting Power

Number of			1,362,889

Shares		6	Shared Voting Power
Beneficially
Owned By			0

Each		7	Sole Dispositive Power
Reporting
Person			1,362,889

With		8	Shared Dispositive Power

			0

9	Aggregate Amount Beneficially Owned by Each Reporting Person

	1,362,889

10	Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

	o

11	Percent of Class Represented By Amount in Row (9)

	1.2%

12	Type of Reporting Person (See Instructions)

	PN

SCHEDULE 13G

CUSIP No.: 78390X101


1	Names of Reporting Persons

	I.R.S. Identification Nos. of above persons (entities only)
	DME ADVISORS GP, L.L.C.

2	Check the Appropriate Box If a Member of a Group (See Instructions)
	(a) o
	(b) o

3	SEC Use Only



4	Citizenship or Place of Organization

	DELAWARE

		5	Sole Voting Power

Number of			1,362,889

Shares		6	Shared Voting Power
Beneficially
Owned By			0

Each		7	Sole Dispositive Power
Reporting
Person			1,362,889

With		8	Shared Dispositive Power

			0

9	Aggregate Amount Beneficially Owned by Each Reporting Person

	1,362,889

10	Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

	o

11	Percent of Class Represented By Amount in Row (9)

	1.2%

12	Type of Reporting Person (See Instructions)

	OO

SCHEDULE 13G

CUSIP No.: 78390X101


1	Names of Reporting Persons

	I.R.S. Identification Nos. of above persons (entities only)
	DAVID EINHORN

2	Check the Appropriate Box If a Member of a Group (See Instructions)
	(a) o
	(b) o

3	SEC Use Only



4	Citizenship or Place of Organization

	UNITED STATES

		5	Sole Voting Power

Number of			8,815,300

Shares		6	Shared Voting Power
Beneficially
Owned By			0

Each		7	Sole Dispositive Power
Reporting
Person			8,815,300

With		8	Shared Dispositive Power

			0

9	Aggregate Amount Beneficially Owned by Each Reporting Person

	8,815,300

10	Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

	o

11	Percent of Class Represented By Amount in Row (9)

	7.8%

12	Type of Reporting Person (See Instructions)

	IN

TABLE OF CONTENTS


	Item 1(a) Name of Issuer
	Item 1(b) Address of the Issuer’s Principal Executive Offices
	Item 2(a) Name of Person Filing
	Item 2(b) Address of Principal Business Office or, if None, Residence
	Item 2(d) Title of Class of Securities
	Item 2(e) CUSIP Number
	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
	Item 4. Ownership
	Item 4 (b) Percent of Class
	Item 4 (c) Number of shares as to which each such person has
	Item 5. Ownership of Five Percent or Less of a Class
	Item 6. Ownership of More than Five Percent on Behalf of Another Person
	Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
	Item 8. Identification and Classification of Members of the Group
	Item 9. Notice of Dissolution of Group
	Item 10. Certification
SIGNATURES
EXHIBIT INDEX
Joint Filing Agreement


CUSIP No.: 78390X101		Page 7 of 12 Pages


Item 1(a)		Name of Issuer:

SAIC, Inc. (the “Issuer”)


Item 1(b)		Address of the Issuer’s Principal Executive Offices:

10260 Campus Point Drive
San Diego, CA 92121


Item 2(a)		Name of Person Filing:

This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

i) Greenlight Capital, L.L.C. (“Greenlight LLC”);

ii) Greenlight Capital, Inc. (“Greenlight Inc”);

iii) DME Advisors, L.P. (“Advisors”); and

iv) DME Advisors GP, L.L.C. (“DME GP” and together with Greenlight LLC, Greenlight Inc and Advisors, “Greenlight”); and

v) Mr. David Einhorn (“Mr. Einhorn”).

This statement relates to Shares (as defined herein) held for the account of (i) Greenlight Capital, L.P. (“Greenlight Fund”), (ii) Greenlight Capital Qualified, L.P. (“Greenlight Qualified”), (iii) Greenlight Capital Offshore, Ltd. (“Greenlight Offshore”), and (iv) the managed account for which Advisors acts as investment manager.

Greenlight LLC is the general partner of Greenlight Fund and Greenlight Qualified. Greenlight Inc acts as the investment advisor for Greenlight Offshore. Advisors serves as investment manager to a managed account. DME GP serves as the general partner of Advisors. Mr. Einhorn is the principal of Greenlight.


Item 2(b)		Address of Principal Business Office or, if None, Residence:

The principal business office of each of the Reporting Persons is 140 East 45th Street, 24th Floor, New York, New York 10017.


Item 2(c)		Citizenship:

i) Greenlight LLC is a Delaware limited liability company;

ii) Greenlight Inc is a Delaware corporation;

iii) Advisors is a Delaware limited partnership;

iv) DME GP is a Delaware limited liability company; and

v) Mr. Einhorn is a United States citizen.


CUSIP No.: 78390X101		Page 8 of 12 Pages


Item 2(d)		Title of Class of Securities:

Common Stock, par value $0.0001 per share (the “Shares”).


Item 2(e)		CUSIP Number:

78390X101


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:

This Item 3 is not applicable.


Item 4.		Ownership:


Item 4(a)		Amount Beneficially Owned:

As of the date of this filing, each of the Reporting Persons may be deemed to be the beneficial owner of the following number of Shares:

	i)		Greenlight LLC may be deemed the beneficial owner of 3,542,311 Shares held for the account of Greenlight Fund and Greenlight Qualified.

	ii)		Greenlight Inc may be deemed the beneficial owner of 3,910,100 Shares held for the account of Greenlight Offshore.

	iii)		Advisors may be deemed the beneficial owner of 1,362,889 Shares held for the account of the managed account for which Advisors acts as investment manager.

	iv)		DME GP may be deemed the beneficial owner of 1,362,889 Shares held for the account of the managed account for which Advisors acts as investment manager.

	v)		Mr. Einhorn may be deemed the beneficial owner of 8,815,300 Shares. This number consists of: (A) 3,542,311 Shares held for the account of Greenlight Fund, and Greenlight Qualified, (B) 3,910,100 Shares held for the account of Greenlight Offshore, and (C) 1,362,889 Shares held for the account of the managed account for which Advisors acts as investment manager.

The filing of this Schedule 13G shall not be construed as an admission that any of the Reporting Persons is for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owner of any of the 8,815,300 Shares owned by Greenlight Fund, Greenlight Qualified, Greenlight Offshore or any managed account managed by Advisors. Pursuant to Rule 13d-4, each of the Reporting Persons disclaims all such beneficial ownership.


Item 4 (b)		Percent of Class:

The information set forth in Rows 5 through 11 of the cover page for each Reporting Person is hereby incorporated by reference into this Item 4(b) for each such Reporting Person.


Item 4 (c)		Number of shares as to which each such person has:


CUSIP No.: 78390X101		Page 9 of 12 Pages

The information set forth in Rows 5 through 11 of the cover page for each Reporting Person is hereby incorporated by reference into this Item 4(c) for each such Reporting Person.


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.


Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:

This Item 7 is not applicable.


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 his or its 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.


CUSIP No.: 78390X101		Page 10 of 12 Pages

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.


Date: August 20, 2007	GREENLIGHT CAPITAL, L.L.C.

	By:	/s/ DANIEL ROITMAN

		Name: Daniel Roitman
		Title: Chief Operating Officer

	GREENLIGHT CAPITAL, INC.

	By:	/s/ DANIEL ROITMAN

		Name: Daniel Roitman
		Title: Chief Operating Officer

	DME ADVISORS, L.P.

	By:	DME Advisors GP, L.L.C., its general partner

		By:	/s/ DANIEL ROITMAN

			Name: Daniel Roitman
			Title: Chief Operating Officer

	DME ADVISORS GP, L.L.C.,

	By:	/s/ DANIEL ROITMAN

	Name:	Daniel Roitman
	Title:	Chief Operating Officer

	/s/ DANIEL ROITMAN

	Daniel Roitman, on behalf of David Einhorn

The Power of Attorney, executed by David Einhorn authorizing Harry Brandler and Daniel Roitman to sign and file this Schedule 13G on David Einhorn’s behalf, which was filed with the Schedule 13G filed with the Securities and Exchange Commission on July 18, 2005, by the Reporting Persons with respect to the Ordinary Shares of Flamel Technologies S.A. is hereby incorporated by reference.


CUSIP No.: 78390X101		Page 11 of 12 Pages

EXHIBIT INDEX


		Page No.
A.	Joint Filing Agreement, dated as of August 20, 2007, by and among Greenlight Capital, L.L.C, Greenlight Capital, Inc., DME Advisors, L.P., DME Advisors GP, L.L.C., and Mr. David Einhorn		12

EX-99.A 2 d49218exv99wa.htm JOINT FILING AGREEMENT exv99wa


CUSIP No.: 78390X101		Page 12 of 12 Pages

EXHIBIT 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the shares of common stock of SAIC, Inc., and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.

The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of August 20, 2007.


		Greenlight Capital, L.L.C.

		By:		/S/ DANIEL ROITMAN

				Daniel Roitman, Chief Operating Officer

		Greenlight Capital, Inc.

		By:		/S/ DANIEL ROITMAN

				Daniel Roitman, Chief Operating Officer

		DME Advisors, L.P.

		By:		DME Advisors GP, L.L.C., its general partner

		By:		/S/ DANIEL ROITMAN

				Daniel Roitman, Chief Operating Officer

		DME Advisors GP, L.L.C.

		By:		/S/ DANIEL ROITMAN

				Daniel Roitman, Chief Operating Officer

		/S/ DANIEL ROITMAN

		Daniel Roitman, on behalf of David Einhorn

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