-----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, IC+VWFm6gM5RF62em4R/dbRPrq7iWqNSqlH+NmE0gACpAyLjt3v+yekkYj0j7cun yBBUF/jutJcvkH3OEOjzyw== 0000899140-07-000600.txt : 20070312 0000899140-07-000600.hdr.sgml : 20070312 20070312135251 ACCESSION NUMBER: 0000899140-07-000600 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20070312 DATE AS OF CHANGE: 20070312 GROUP MEMBERS: C. MICHAEL VAUGHN GROUP MEMBERS: CRT CAPITAL GROUP, INC. GROUP MEMBERS: HARBOR ASSET MANAGEMENT LLC GROUP MEMBERS: J. CHRISTOPHER YOUNG SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Jazz Technologies, Inc. CENTRAL INDEX KEY: 0001337675 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 203014632 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81680 FILM NUMBER: 07687105 BUSINESS ADDRESS: STREET 1: 4321 JAMBOREE ROAD CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: (949) 435-8000 MAIL ADDRESS: STREET 1: 4321 JAMBOREE ROAD CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FORMER COMPANY: FORMER CONFORMED NAME: Acquicor Technology Inc DATE OF NAME CHANGE: 20050831 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRT CAPITAL HOLDINGS LLC CENTRAL INDEX KEY: 0001387411 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 262 HARBOR DR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 203-569-6400 MAIL ADDRESS: STREET 1: 262 HARBOR DR CITY: STAMFORD STATE: CT ZIP: 06902 SC 13G 1 c031207a.txt INITIAL FILING UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Jazz Technologies, Inc. ----------------------- (Name of Issuer) Common Stock, par value $.001 ----------------------------- (Title of Class of Securities) 47214E102 --------- (CUSIP Number) February 28, 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: [X] Rule 13d-1(b) [ ] 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 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. 47214E102 13G Page 2 of 11 Pages - ------------------------------------ -------------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CRT Capital Holdings LLC - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------- ----- ---------------------------------------------------- 5 SOLE VOTING POWER 0 ----- --------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 4,125,443 (see Item 4) BY EACH REPORTING ----- --------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 0 ----- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,125,443 (see Item 4) - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,125,443 (see Item 4) - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.7% (see Item 4) - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT Page 2 of 11 - ------------------------------------ -------------------------- CUSIP No. 47214E102 13G Page 3 of 11 Pages - ------------------------------------ -------------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CRT Capital Group LLC - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - --------------------- ----- ---------------------------------------------------- 5 SOLE VOTING POWER 0 ----- --------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 3,886,698 (see Item 4) BY EACH REPORTING ----- --------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 0 ----- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 3,886,698 (see Item 4) - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,886,698 (see Item 4) - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.0% (see Item 4) - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* BD - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT Page 3 of 11 - ------------------------------------ -------------------------- CUSIP No. 47214E102 13G Page 4 of 11 Pages - ------------------------------------ -------------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Harbor Drive Asset Management LLC - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - --------------------- ----- ---------------------------------------------------- 5 SOLE VOTING POWER 0 ----- --------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 238,745 (see Item 4) BY EACH REPORTING ----- --------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 0 ----- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 238,745 (see Item 4) - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 238,745 (see Item 4) - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.9% (see Item 4) - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT Page 4 of 11 - ------------------------------------ -------------------------- CUSIP No. 47214E102 13G Page 5 of 11 Pages - ------------------------------------ -------------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON C. Michael Vaughn - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------- ----- ---------------------------------------------------- 5 SOLE VOTING POWER 0 ----- --------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 4,350,443 (see Item 4) BY EACH REPORTING ----- --------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 0 ----- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,350,443 (see Item 4) - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,350,443 (see Item 4) - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14.3% (see Item 4) - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC/IN - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT Page 5 of 11 - ------------------------------------ -------------------------- CUSIP No. 47214E102 13G Page 6 of 11 Pages - ------------------------------------ -------------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON J. Christopher Young - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------- ----- ---------------------------------------------------- 5 SOLE VOTING POWER 0 ----- --------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 4,350,443 (see Item 4) BY EACH REPORTING ----- --------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 0 ----- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,350,443 (see Item 4) - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,350,443 (see Item 4) - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14.3% (see Item 4) - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC/IN - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT Page 6 of 11 Item 1(a) Name of Issuer: -------------- Jazz Technologies, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: ----------------------------------------------- 4321 Jamboree Road Newport Beach, CA 92660 Items 2(a) Name of Person Filing: --------------------- This statement is filed by: (i) CRT Capital Holdings LLC, ("CRT Capital Holdings") with respect to shares of common stock ("Common Stock"), senior convertible notes ("Notes"), warrants ("Warrants"), options on units (each consisting of one share and two warrants) ("Options") (collectively, "Shares") of the Issuer beneficially owned by CRT Capital Group LLC ("CRT Capital Group"), and Harbor Drive Asset Management LLC ("Harbor Drive Management"); (ii) CRT Capital Group with respect to Common Stock, Warrants, and Options beneficially owned by it; (iii) Harbor Drive Management with respect to Notes beneficially owned by it (and which are owned of record by Harbor Drive Special Situations Master Fund, Ltd. ("Harbor Drive Master Fund")); (iv) C. Michael Vaughn with respect to Shares beneficially owned by CRT Capital Holdings, CRT Capital Group, Harbor Drive Management, and CRT Associates LLC ("CRT Associates"); and (v) J. Christopher Young with respect to Shares beneficially owned by CRT Capital Holdings, CRT Capital Group, Harbor Drive Management, and CRT Associates. CRT Capital Holdings, CRT Capital Group, Harbor Drive Management, C. Michael Vaughn, and J. Christopher Young have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 99.1, pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended. Item 2(b) Address of Principal Business Office: ------------------------------------ The address of the principal business office of CRT Capital Holdings, CRT Capital Group, Harbor Drive Management, C. Michael Vaughn, and J. Christopher Young is 262 Harbor Drive, Stamford CT 06902. Item 2(c) Citizenship: ----------- CRT Capital Holdings is a Delaware limited liability company. CRT Capital Group is a Connecticut limited liability company. Harbor Page 7 of 11 Drive Management is an Illinois limited liability company. C. Michael Vaughn and J. Christopher Young are United States citizens. Item 2(d) Title of Class of Securities: ---------------------------- Common Stock, par value $.001 Item 2(e) CUSIP Number: 47214E102 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: --------------------------------------------------------- (j) [X] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). Item 4 Ownership: --------- The percentages used herein are based upon 26,915,218 shares of Common Stock issued and outstanding, the number of shares issued and outstanding as of February 16, 2007 as reported on the Issuer's Form 8-K filed on February 23, 2007. As of the close of business on February 28, 2007: 1. CRT Capital Holdings LLC (a) Amount beneficially owned: -4,125,443- (b) Percent of class: 13.7% (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: -4,125,443- (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: -4,125,443- 2. CRT Capital Group LLC (a) Amount beneficially owned: -3,886,698- (b) Percent of class: 13.0% (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: -3,886,698- (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: -3,886,698- 3. Harbor Drive Asset Management LLC (a) Amount beneficially owned: -238,745- (b) Percent of class: 0.9% (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: -238,745- (iii) Sole power to dispose or direct the disposition: -0- Page 8 of 11 (iv) Shared power to dispose or direct the disposition: -238,745- 4. C. Michael Vaughn (a) Amount beneficially owned: -4,350,443- (b) Percent of class: 14.3% (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: -4,350,443- (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: -4,350,443- 5. J. Christopher Young (a) Amount beneficially owned: -4,350,443- (b) Percent of class: 14.3% (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: -4,350,443- (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: -4,350,443- CRT Capital Group may be deemed to beneficially own 902,705 shares of Common Stock, 2,083,993 Warrants, 375,000 Options, consisting of one share and two warrants each, of the Issuer. For the purposes of calculating the amounts reported above, Options were multiplied by three. Habor Drive Management may be deemed to beneficially own 238,745 Notes of the Issuer. CRT Associates may be deemed to beneficially own 75,000 Options, consisting of one share and two warrants each, of the Issuer. CRT Capital Holdings, Harbor Drive Management, C. Michael Vaughn and J. Christopher Young own directly no Shares. Pursuant to an investment agreement, Harbor Drive Management has the investment and voting power with respect to the securities held by Harbor Drive Master Fund. CRT Capital Holdings owns all the equity interests in and is the sole managing member of Harbor Drive Management and CRT Capital Group. C. Michael Vaughn and J. Christopher Young are two of the three managing members of CRT Associates. C. Michael Vaughn and J. Christopher Young are the two managing members, and share control, of CRT Capital Holdings and through it each of CRT Capital Group, Harbor Drive Management, and Harbor Drive Master Fund. The Reporting Persons disclaim any beneficial ownership of any of the Issuer's securities to which this report relates for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of its indirect pecuniary Page 9 of 11 interest therein, and this report shall not be deemed an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes. Item 5 Ownership of Five Percent or Less of a Class: -------------------------------------------- If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. Item 6 Ownership of More than Five Percent on Behalf of Another -------------------------------------------------------- Person: ------ Not Applicable Item 7 Identification and Classification of the ---------------------------------------- Subsidiary Which Acquired the Security Being -------------------------------------------- Reported on By the Parent Holding Company: ----------------------------------------- See Exhibit 99.2 Item 8 Identification and Classification of Members --------------------------------------------- of the Group: ------------ See Exhibit 99.3 Item 9 Notice of Dissolution of Group: ------------------------------ Not Applicable Item 10 Certification: By signing below the signatory certifies that, to the best of his 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 10 of 11 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. Dated: March 12, 2007 CRT CAPITAL HOLDINGS LLC By: /s/ C. Michael Vaughn ----------------------------------------- Name: C. Michael Vaughn Title: Authorized Person CRT CAPITAL GROUP LLC By: /s/ C. Michael Vaughn ----------------------------------------- Name: C. Michael Vaughn Title: Authorized Person HARBOR DRIVE ASSET MANAGEMENT LLC By: /s/ C. Michael Vaughn ----------------------------------------- Name: C. Michael Vaughn Title: Authorized Person C. MICHAEL VAUGHN By: /s/ C. Michael Vaughn ----------------------------------------- J. CHRISTOPHER YOUNG By: /s/ J. Christopher Young ----------------------------------------- Page 11 of 11 EX-99.1 2 c031207b.txt JOINT FILING AGREEMENT Exhibit 99.1 JOINT FILING AGREEMENT The undersigned hereby agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and that all subsequent amendments to this statement on Schedule 13G may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. Dated: March 12, 2007 CRT CAPITAL HOLDINGS LLC By: /s/ C. Michael Vaughn ----------------------------------------- Name: C. Michael Vaughn Title: Authorized Person CRT CAPITAL GROUP LLC By: /s/ C. Michael Vaughn ----------------------------------------- Name: C. Michael Vaughn Title: Authorized Person HARBOR DRIVE ASSET MANAGEMENT LLC By: /s/ C. Michael Vaughn ----------------------------------------- Name: C. Michael Vaughn Title: Authorized Person C. MICHAEL VAUGHN By: /s/ C. Michael Vaughn ----------------------------------------- J. CHRISTOPHER YOUNG By: /s/ J. Christopher Young ----------------------------------------- EX-99.2 3 c031307c.txt ITEM 7 Exhibit 99.2 Item 7 Identification and Classification of the Subsidiary --------------------------------------------------- Which Acquired the Security Being Reported on By the Parent ----------------------------------------------------------- Holding Company: --------------- CRT Capital Holdings, Harbor Drive Management, C. Michael Vaughn and J. Christopher Young own directly no Shares. Pursuant to an investment agreement, Harbor Drive Management has the investment and voting power with respect to the securities held by Harbor Drive Master Fund. CRT Capital Holdings owns all the equity interests in and is the sole managing member of Harbor Drive Management and CRT Capital Group. C. Michael Vaughn and J. Christopher Young are two of the three managing members of CRT Associates. C. Michael Vaughn and J. Christopher Young are the two managing members, and share control, of CRT Capital Holdings and through it each of CRT Capital Group, Harbor Drive Management, and Harbor Drive Master Fund. CRT Associates may be deemed to beneficially own 75,000 Options, consisting of one share and two warrants each, which is less than 1% of total issued and outstanding Common Stock of the Issuer. CRT Capital Group is a Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o). Harbor Drive Management is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3). EX-99.3 4 c031207d.txt ITEM 8 Exhibit 99.3 Item 8 Identification and Classification of Members --------------------------------------------- of the Group: ------------ CRT Capital Group is a Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o). Harbor Drive Management is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3). CRT Capital Holdings, C. Michael Vaughn, and J. Christopher Young are holding companies or control persons. -----END PRIVACY-ENHANCED MESSAGE-----