0000919574-05-000137.txt : 20120628
0000919574-05-000137.hdr.sgml : 20120628
20050124170805
ACCESSION NUMBER: 0000919574-05-000137
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050124
DATE AS OF CHANGE: 20050124
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SILVERBACK ASET MANAGEMENT LLC
CENTRAL INDEX KEY: 0001278960
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: 1414 RALEIGH ROAD
STREET 2: SUITE 250
CITY: CHAPEL HILL
STATE: NC
ZIP: 27517
MAIL ADDRESS:
STREET 1: 1414 RALEIGH ROAD
STREET 2: SUITE 250
CITY: CHAPEL HILL
STATE: NC
ZIP: 27517
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: ORBITAL SCIENCES CORP /DE/
CENTRAL INDEX KEY: 0000820736
STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
IRS NUMBER: 061209561
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-41374
FILM NUMBER: 05545136
BUSINESS ADDRESS:
STREET 1: 21839 ATLANTIC BLVD
CITY: DULLES
STATE: VA
ZIP: 20166
BUSINESS PHONE: 703406 5524
MAIL ADDRESS:
STREET 1: 21700 ATLANTIC BLVD
STREET 2: 21700 ATLANTIC BLVD
CITY: DULLES
STATE: VA
ZIP: 20166
FORMER COMPANY:
FORMER CONFORMED NAME: ORBITAL SCIENCES CORP II
DATE OF NAME CHANGE: 19900212
SC 13G/A
1
d542120_13g-a.txt
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No.1)
Orbital Sciences Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
Common Shares, par value $0.01
--------------------------------------------------------------------------------
(Title of Class of Securities)
685564106
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2003
--------------------------------------------------------------------------------
(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)
CUSIP No. 6885564106
---------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Silverback Asset 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 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
5,070,711.6*
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
5,070,711.6*
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,070,711.6*
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.56%
12. TYPE OF REPORTING PERSON
OO
*Silverback Asset Management, LLC ("SAM") serves as investment manager to
Silverback Master, Ltd. ("Silverback Master") and certain other private
investment vehicles. In its capacity as investment manager of such private
investment vehicles, including Silverback Master, SAM may be deemed to be the
beneficial owner of securities held by each such private investment vehicle. SAM
disclaims beneficial ownership of the securities reported in this Schedule 13G,
except to the extent of its pecuniary interest therein, and the filing of this
Schedule 13G shall not be construed as an admission that SAM is, for the
purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any
securities reported in this Schedule 13G, except to the extent of its pecuniary
interest therein.
CUSIP No. 685564106
---------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Silverback Master, Ltd.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
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
5,070,711.6
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
5,070,711.6
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,070,711.6
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.56%
12. TYPE OF REPORTING PERSON
CO
CUSIP No. 685564106
---------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Elliot Bossen
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
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
5,070,711.6**
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
5,070,711.6**
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,070,711.6**
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.56%
12. TYPE OF REPORTING PERSON
IN
** Elliot Bossen is the sole Managing Member of SAM and is primarily responsible
for the investment decisions of SAM. Elliot Bossen disclaims beneficial
ownership of the securities reported in this Schedule 13G, except to the extent
of his pecuniary interest therein, and the filing of this Schedule 13G shall not
be construed as an admission that he is, for the purposes of Section 13(d) or
13(g) of the Act, the beneficial owner of any securities reported in this
Schedule 13G, except to the extent of his pecuniary interest therein.
CUSIP No. 685564106
---------------------
Item 1(a). Name of Issuer:
Orbital Sciences Corporation
--------------------------------------------------------------------
Item 1(b). Address of Issuer's Principal Executive Offices:
21839 Atlantic Boulevard
Dulles, Virginia 20166
--------------------------------------------------------------------
Item 2(a). Name of Person Filing:
Silverback Asset Management, LLC
Silverback Master, Ltd.
Elliot Bossen
--------------------------------------------------------------------
Item 2(b). Address of Principal Business Office, or if None, Residence:
Silverback Asset Management, LLC
1414 Raleigh Road
Suite 250
Chapel Hill, NC 27517
Silverback Master, Ltd.
c/o International Fund Services (Ireland) Limited
Bishop's Square, Third Floor
Redmond's Hill
Dublin 2, Ireland
Elliot Bossen
c/o Silverback Asset Management, LLC
1414 Raleigh Road
Suite 250
Chapel Hill, NC 27517
--------------------------------------------------------------------
Item 2(c). Citizenship:
Silverback Asset Management, LLC - Delaware
Silverback Master, Ltd. - Cayman Islands
Elliot Bossen - United States of America
--------------------------------------------------------------------
Item 2(d). Title of Class of Securities:
Common Shares, par value $0.01
--------------------------------------------------------------------
Item 2(e). CUSIP Number:
685564106
--------------------------------------------------------------------
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:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned:
Silverback Asset Management, LLC - 5,070,711.6
Silverback Master, Ltd. - 5,070,711.6
Elliot Bossen - 5,070,711.6
-----------------------------------------------------------------
(b) Percent of class:
Silverback Asset Management, LLC - 9.56%
Silverback Master, Ltd. - 9.56%
Elliot Bossen - 9.56%
-----------------------------------------------------------------
(c) Number of shares as to which such person has:
Silverback Asset Management, LLC
--------------------------------
(i) Sole power to vote or to direct the vote 0
------------------,
(ii) Shared power to vote or to direct the vote 5,070,711.6
------------------,
(iii) Sole power to dispose or to direct the
disposition of 0
------------------,
(iv) Shared power to dispose or to direct the
disposition of 5,070,711.6
------------------.
Silverback Master, Ltd.
-----------------------
(i) Sole power to vote or to direct the vote 0
------------------,
(ii) Shared power to vote or to direct the vote 5,070,711.6
------------------,
(iii) Sole power to dispose or to direct the
disposition of 0
------------------,
(iv) Shared power to dispose or to direct the
disposition of 5,070,711.6
------------------.
Elliot Bossen
-------------
(i) Sole power to vote or to direct the vote 0
------------------,
(ii) Shared power to vote or to direct the vote 5,070,711.6
------------------,
(iii) Sole power to dispose or to direct the
disposition of 0
------------------,
(iv) Shared power to dispose or to direct the
disposition of 5,070,711.6
------------------.
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 [ ].
N/A
--------------------------------------------------------------------
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
N/A
--------------------------------------------------------------------
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or
Control Person.
N/A
--------------------------------------------------------------------
Item 8. Identification and Classification of Members of the Group.
N/A
--------------------------------------------------------------------
Item 9. Notice of Dissolution of Group.
N/A
--------------------------------------------------------------------
Item 10. Certifications.
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 such purpose or effect.
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.
January 24, 2005
-------------------------------------
(Date)
Silverback Asset Management, LLC
By: /s/ Elliot Bossen
-----------------------
Name: Elliot Bossen
Title: Managing Member
Silverback Master, Ltd.
By: /s/ Elliot Bossen
----------------------
Name: Elliot Bossen
Title: Director
/s/ Elliot Bossen
-----------------
Elliot Bossen
Exhibit A
---------
The undersigned agree that this Amendment No. 1 to Schedule 13G dated
January 24, 2005 relating to the Common Shares, par value $0.01, of Orbital
Sciences Corporation is being filed on behalf of each of Silverback Asset
Management, LLC, Silverback Master, Ltd. and Elliot Bossen.
January 24, 2005
-------------------------------------
(Date)
Silverback Asset Management, LLC
By: /s/ Elliot Bossen
-----------------------
Name: Elliot Bossen
Title: Managing Member
Silverback Master, Ltd.
By: /s/ Elliot Bossen
----------------------
Name: Elliot Bossen
Title: Director
/s/ Elliot Bossen
-----------------
Elliot Bossen
04098.0001 #542120