SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* SCOGGIN LLC (Last) (First) (Middle) 660 MADISON AVENUE 20TH FLOOR (Street) NEW YORK NY 10065 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/04/2013	3. Issuer Name and Ticker or Trading Symbol ZOLTEK COMPANIES INC [ ZOLT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 Par Value(1)(2)	577,000	I	By Scoggin Capital Management II LLC(3)
Common Stock, $0.01 Par Value(1)(2)	577,000	I	By Scoggin International Fund, Ltd.(4)
Common Stock, $0.01 Par Value(1)(2)	273,553	I	By Scoggin Worldwide Fund, Ltd.(5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* SCOGGIN LLC (Last) (First) (Middle) 660 MADISON AVENUE 20TH FLOOR (Street) NEW YORK NY 10065 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* SCOGGIN CAPITAL MANAGEMENT II LLC (Last) (First) (Middle) 660 MADISON AVENUE 20TH FLOOR (Street) NEW YORK NY 10065 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* Scoggin International Fund, Ltd. (Last) (First) (Middle) C/O MOURANT CAYMAN NOMINEES, LTD. 3RD FLOOR, HARBOUR CENTRE, P.O. BOX 1348 (Street) GRAND CAYMAN E9 KY1-1108 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* SCOGGIN WORLDWIDE FUND LTD (Last) (First) (Middle) C/O MOURANT CAYMAN NOMINEES, LTD. 3RD FLOOR, HARBOUR CENTRE, P.O. BOX 1348 (Street) GRAND CAYMAN E9 KY1-1108 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* Old Bellows Partners LP (Last) (First) (Middle) 660 MADISON AVENUE (Street) NEW YORK NY 10065 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* Old Bell Associates LLC (Last) (First) (Middle) 660 MADISON AVENUE (Street) NEW YORK NY 10065 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* Chodry Dev (Last) (First) (Middle) 660 MADISON AVENUE (Street) NEW YORK NY 10065 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* EFFRON CRAIG (Last) (First) (Middle) C/O SCOGGIN CAPITAL MANAGEMENT LP 660 MADISON AVE 20TH FL (Street) NEW YORK NY 10065 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

1. Name and Address of Reporting Person* SCHENKER CURTIS (Last) (First) (Middle) C/O SCOGGIN CAPITAL MANAGEMENT LP 660 MADISON AVE 20TH FL (Street) NEW YORK NY 10065 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses

Explanation of Responses:

1. This Form 3 is filed jointly by Scoggin LLC, a New York limited liability company ("Scoggin LLC"), Scoggin Capital Management II LLC, a Delaware limited liability company ("Scoggin Capital"), Scoggin International Fund, Ltd., a Cayman Islands exempted company ("Scoggin International"), Scoggin Worldwide Fund, Ltd., Cayman Islands exempted company ("Scoggin Worldwide"), Old Bellows Partners LP, a Delaware partnership ("Old Bellows"), Old Bell Associates LLC, a New York limited liability company ("Old Bell Associates"), Dev Chodry, Craig Effron and Curtis Schenker (collectively, the "Reporting Persons").

2. Each Reporting Person is a member of a reporting group that owns in the aggregate more than 10% of the Issuer's outstanding shares of Common Stock. As such, each Reporting Person may be deemed to beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.

3. Shares of Common Stock beneficially owned by Scoggin Capital. Scoggin LLC, as the investment manager of Scoggin Capital, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Scoggin Capital. Each of Messrs. Effron and Schenker, as the managing members of Scoggin LLC, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Scoggin Capital.

4. Shares of Common Stock beneficially owned by Scoggin International. Scoggin LLC, as the investment manager of Scoggin International, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Scoggin International. Each of Messrs. Effron and Schenker, as the managing members of Scoggin LLC, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Scoggin International.

5. Shares of Common Stock beneficially owned by Scoggin Worldwide. Each of Old Bellows, as the investment manager of Scoggin Worldwide, Old Bell Associates, as the general partner of Old Bellows, and Mr. Chodry, as the managing member of Old Bell Associates, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Scoggin Worldwide. Scoggin LLC, as the investment sub-manager of equity and event-driven investing for Scoggin Worldwide, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Scoggin Worldwide. Each of Messrs. Effron and Schenker, as the managing members of Scoggin LLC, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Scoggin Worldwide.

	SCOGGIN LLC; By: /s/ Craig Effron, Managing Member	03/14/2013
	SCOGGIN CAPITAL MANAGEMENT II LLC; By: /s/ Craig Effron, Managing Member of the Investment Manager	03/14/2013
	Scoggin International Fund, Ltd.; By: /s/ Craig Effron, Managing Member of the Investment Manager	03/14/2013
	SCOGGIN WORLDWIDE FUND LTD; By: /s/ Dev Chodry, Managing Member of the General Partner of the Investment Manager	03/14/2013
	Old Bellows Partners LP; By: /s/ Dev Chodry, Managing Member of the General Partner	03/14/2013
	Old Bell Associates LLC; BY: /s/ Dev Chodry, Managing Member	03/14/2013
	By: /s/ Dev Chodry	03/14/2013
	By: /s/ CRAIG EFFRON	03/14/2013
	By: /s/ CURTIS SCHENKER	03/14/2013
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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