Schedule 13G Amendment No.1

-----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, SxiI1iMxNEkyv7exz4sgqIjNKStl4WycLoECeFg6Nj7w15xkHFYIu7ZqOxU1Xw4Q ZGKFfD//30Eq4aszDInytQ== 0001193125-07-271459.txt : 20071227 0001193125-07-271459.hdr.sgml : 20071227 20071226180000 ACCESSION NUMBER: 0001193125-07-271459 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071227 DATE AS OF CHANGE: 20071226 GROUP MEMBERS: QVT ASSOCIATES GP LLC GROUP MEMBERS: QVT FINANCIAL GP LLC GROUP MEMBERS: QVT FUND LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Heckmann CORP CENTRAL INDEX KEY: 0001403853 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83364 FILM NUMBER: 071327400 BUSINESS ADDRESS: STREET 1: 75080 FRANK SINATRA DRIVE CITY: PALM DESERT STATE: CA ZIP: 92211 BUSINESS PHONE: 760-341-3606 MAIL ADDRESS: STREET 1: 75080 FRANK SINATRA DRIVE CITY: PALM DESERT STATE: CA ZIP: 92211 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: QVT Financial LP CENTRAL INDEX KEY: 0001290162 IRS NUMBER: 113694008 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1177 AVENUE OF THE AMERICAS STREET 2: 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-705-8800 MAIL ADDRESS: STREET 1: 1177 AVENUE OF THE AMERICAS STREET 2: 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 SC 13G/A 1 dsc13ga.htm SCHEDULE 13G AMENDMENT NO.1 Schedule 13G Amendment No.1

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Heckmann Corporation

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

422680108

(CUSIP Number)

December 19, 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:

¨ 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).

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CUSIP No. 422680108


1. Names of Reporting Persons. QVT Financial LP I.R.S. Identification Nos. of above persons (entities only). 11-3694008

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x

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…4,328,200
				7. Sole Dispositive Power…0
				8. Shared Dispositive Power…4,328,200

9. Aggregate Amount Beneficially Owned by Each Reporting Person…4,328,200

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

11. Percent of Class Represented by Amount in Row (9) 6.40%

12. Type of Reporting Person (See Instructions) PN

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CUSIP No. 422680108


1.	Names of Reporting Persons. QVT Financial GP LLC I.R.S. Identification Nos. of above persons (entities only). 11-3694007

2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x

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…4,328,200
		7. Sole Dispositive Power…0
		8. Shared Dispositive Power…4,328,200

9.	Aggregate Amount Beneficially Owned by Each Reporting Person…4,328,200

10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

11.	Percent of Class Represented by Amount in Row (9) 6.40%

12.	Type of Reporting Person (See Instructions) OO

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CUSIP No. 422680108


1.		Names of Reporting Persons. QVT Fund LP I.R.S. Identification Nos. of above persons (entities only). 98-0415217

2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x

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… 3,572,978
		7. Sole Dispositive Power…0
		8. Shared Dispositive Power… 3,572,978

9.		Aggregate Amount Beneficially Owned by Each Reporting Person… 3,572,978

10.		Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

11.		Percent of Class Represented by Amount in Row (9) 5.28%

12.		Type of Reporting Person (See Instructions) PN

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CUSIP No. 422680108


1.		Names of Reporting Persons. QVT Associates GP LLC I.R.S. Identification Nos. of above persons (entities only). 01-0798253

2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x

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…3,961,541
		7. Sole Dispositive Power…0
		8. Shared Dispositive Power…3,961,541

9.		Aggregate Amount Beneficially Owned by Each Reporting Person…3,961,541

10.		Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

11.		Percent of Class Represented by Amount in Row (9) 5.86%

12.		Type of Reporting Person (See Instructions) OO

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Item 1(a).

Name of Issuer

Heckmann Corporation (the “Issuer”)

Item 1(b).

Address of Issuer’s Principal Executive Offices

The address of the Issuer’s principal executive offices is:

75080 Frank Sinatra Drive, Palm Desert, California 92211, United States

Item 2(a).

Name of Person Filing

Item 2(b).

Address of Principal Business Office or, if none, Residence

Item 2(c).

Citizenship

QVT Financial LP

1177 Avenue of the Americas, 9th Floor

New York, New York 10036

Delaware Limited Partnership

QVT Financial GP LLC

1177 Avenue of the Americas, 9th Floor

New York, New York 10036

Delaware Limited Liability Company

QVT Fund LP

Walkers SPV, Walkers House

Mary Street

George Town, Grand Cayman KY1-9002, Cayman Islands

Cayman Islands Limited Partnership

QVT Associates GP LLC

1177 Avenue of the Americas, 9th Floor

New York, New York 10036

Delaware Limited Liability Company

Item 2(d).

Title of Class of Securities

Common stock, $0.001 par value per share (the “Common Stock”).

Item 2(e).

CUSIP Number

The CUSIP number of the Common Stock is 422680108.

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

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(d)

¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

¨ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

¨ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

¨ Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

Item 4.

Ownership.

(a)

Amount beneficially owned:

As part of its initial public offering, the Issuer issued units (the “Units”) consisting of shares of Common Stock and warrants (the “Warrants”). Each Unit consists of one share of Common Stock and one Warrant, and each Warrant entitles the holder to purchase one share of Common Stock at a price of $6.00.

QVT Financial LP (“QVT Financial”) is the investment manager for QVT Fund LP (the “Fund”), Quintessence Fund L.P. (“Quintessence”) and a separate discretionary account managed for Deutsche Bank AG (the “Separate Account”). As of the date hereof, the Fund beneficially owns 3,572,978 shares of Common Stock, Quintessence beneficially owns 388,563 shares of Common Stock and the Separate Account holds 366,659 shares of Common Stock. QVT Financial has the power to direct the vote and disposition of the Common Stock held by the Fund, Quintessence and the Separate Account. Accordingly, as of the date hereof, QVT Financial may be deemed to be the beneficial owner of an aggregate amount of 4,328,200 shares of Common Stock, consisting of the shares owned by the Fund and Quintessence and the shares held in the Separate Account.

The Fund, Quintessence and the Separate Account own Warrants that are not exercisable until the later of the Issuer’s completion of a business combination and November 9, 2008, and will expire on November 9, 2011 or earlier upon redemption. As of the date of this filing, there has been no report of the completion of a business combination.

QVT Financial GP LLC, as General Partner of QVT Financial, may be deemed to beneficially own the same number of shares of Common Stock reported by QVT Financial. QVT Associates GP LLC, as General Partner of the Fund and Quintessence, may be deemed to beneficially own the aggregate number of shares of Common Stock owned by the Fund and Quintessence, and accordingly, as of the date hereof, QVT Associates GP LLC may be deemed to be the beneficial owner of an aggregate amount of 3,961,541 shares of Common Stock.

The Fund acquired beneficial ownership of more than 5% of the class of equity securities as of December 19, 2007. The reported share amounts reflect amounts beneficially owned by

Page 7 of 11

the reporting persons as of such date, as adjusted for subsequent transactions through the date hereof.

Each of QVT Financial and QVT Financial GP LLC disclaims beneficial ownership of the shares of Common Stock owned by the Fund, Quintessence and the Separate Account. QVT Associates GP LLC disclaims beneficial ownership of all shares of Common Stock owned by the Fund and Quintessence, except to the extent of its pecuniary interest therein.

The percentage disclosed in Item 11 of the Cover Pages for each reporting person is calculated based upon 67,646,800 shares of Common Stock outstanding, which is the total number of shares issued and outstanding as reported in the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 16, 2007.

(b)

Percent of class:

See Item 11 of the Cover Pages to this Schedule 13G.

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote

(ii)

Shared power to vote or to direct the vote

See item (a) above.

(iii)

Sole power to dispose or to direct the disposition of

(iv)

Shared power to dispose or to direct the disposition of

See item (a) above.

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

Not Applicable

Item 8.

Identification and Classification of Members of the Group

Not Applicable

Item 9.

Notice of Dissolution of Group

Not Applicable

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Item 10.

Certification

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.

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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: December 26, 2007


QVT FINANCIAL LP		QVT FUND LP

By QVT Financial GP LLC, its General Partner		By QVT Associates GP LLC, its General Partner

By:	/s/ Lars Bader	By:	/s/ Lars Bader
Name: Lars Bader		Name: Lars Bader
Title: Managing Member		Title: Managing Member

By:	/s/ Tracy Fu	By:	/s/ Tracy Fu
Name: Tracy Fu		Name: Tracy Fu
Title: Managing Member		Title: Managing Member

QVT FINANCIAL GP LLC		QVT ASSOCIATES GP LLC

By:	/s/ Lars Bader	By:	/s/ Lars Bader
Name: Lars Bader		Name: Lars Bader
Title: Managing Member		Title: Managing Member

By:	/s/ Tracy Fu	By:	/s/ Tracy Fu
Name: Tracy Fu		Name: Tracy Fu
Title: Managing Member		Title: Managing Member

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EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13G signed by each of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

Dated: December 26, 2007


QVT FINANCIAL LP		QVT FUND LP

By QVT Financial GP LLC, its General Partner		By QVT Associates GP LLC, its General Partner

By:	/s/ Lars Bader	By:	/s/ Lars Bader
Name: Lars Bader		Name: Lars Bader
Title: Managing Member		Title: Managing Member

By:	/s/ Tracy Fu	By:	/s/ Tracy Fu
Name: Tracy Fu		Name: Tracy Fu
Title: Managing Member		Title: Managing Member

QVT FINANCIAL GP LLC		QVT ASSOCIATES GP LLC

By:	/s/ Lars Bader	By:	/s/ Lars Bader
Name: Lars Bader		Name: Lars Bader
Title: Managing Member		Title: Managing Member

By:	/s/ Tracy Fu	By:	/s/ Tracy Fu
Name: Tracy Fu		Name: Tracy Fu
Title: Managing Member		Title: Managing Member

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