-----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, H7O1ymDquAJEHPjraQDRp3ZyHjw51fIzZo/eldUT/+AuTJ19JGoCKrYyLDNgUSMx AbOGySP4ZNSc3m1ZtWYduQ== 0000902664-08-002123.txt : 20080522 0000902664-08-002123.hdr.sgml : 20080522 20080522154554 ACCESSION NUMBER: 0000902664-08-002123 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080522 DATE AS OF CHANGE: 20080522 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRICO MARINE SERVICES INC CENTRAL INDEX KEY: 0000921549 STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400] IRS NUMBER: 721252405 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-49411 FILM NUMBER: 08854699 BUSINESS ADDRESS: STREET 1: 250 N AMERICAN COURT CITY: HOUMA STATE: LA ZIP: 70363 BUSINESS PHONE: 713 780 9926 MAIL ADDRESS: STREET 1: 3200 SOUTHWEST FREEWAY STREET 2: SUITE 2950 CITY: HOUSTON STATE: TX ZIP: 77027 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Highbridge International LLC CENTRAL INDEX KEY: 0001308315 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: THE CAYMAN CORPORATE CENTRE, 4TH FLOOR STREET 2: 27 HOSPITAL ROAD CITY: GRAND CAYMAN STATE: E9 ZIP: 00000 BUSINESS PHONE: 345-945-1400 MAIL ADDRESS: STREET 1: P.O. BOX 30554 STREET 2: SEVEN MILE BEACH CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: 00000 SC 13G 1 p08-1035sc13g.txt TRICO MARINE SERVICES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Trico Marine Services, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 896106200 (CUSIP Number) May 16, 2008 (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 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). Page 1 of 14 Pages CUSIP No. 896106200 13G Page 2 of 14 Pages - -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Highbridge International LLC - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands, British West Indies - -------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES ----------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER $74,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,830,777 shares of Common Stock (see item 4(a)) Call Options to purchase 71,200 shares of Common Stock with an expiration date of June 20, 2008 OWNED BY ----------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ----------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER $74,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,830,777 shares of Common Stock (see item 4(a)) Call Options to purchase 71,200 shares of Common Stock with an expiration date of June 20, 2008 - -------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON $74,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,830,777 shares of Common Stock (see item 4(a)) Call Options to purchase 71,200 shares of Common Stock with an expiration date of June 20, 2008 - -------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% (see item 4(a)) - -------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- CUSIP No. 896106200 13G Page 3 of 14 Pages - -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Highbridge Convertible Arbitrage Master Fund, L.P. - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands, British West Indies - -------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES ----------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER $6,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 148,441 shares of Common Stock (see item 4(a)) Call Options to purchase 5,800 shares of Common Stock with an expiration date of June 20, 2008 OWNED BY ----------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ----------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER $6,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 148,441 shares of Common Stock (see item 4(a)) Call Options to purchase 5,800 shares of Common Stock with an expiration date of June 20, 2008 - -------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON $6,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 148,441 shares of Common Stock (see item 4(a)) Call Options to purchase 5,800 shares of Common Stock with an expiration date of June 20, 2008 - -------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.97% (see item 4(a)) - -------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- CUSIP No. 896106200 13G Page 4 of 14 Pages - -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Highbridge Statistical Opportunities Master Fund, L.P. - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands, British West Indies - -------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES ----------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 21 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ----------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 21 shares of Common Stock - -------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21 shares of Common Stock - -------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% - -------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- CUSIP No. 896106200 13G Page 5 of 14 Pages - -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Highbridge Capital Management, LLC - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware - -------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES ----------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER $80,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,979,218 shares of Common Stock (see item 4(a)) Call Options to purchase 77,000 shares of Common Stock with an expiration date of June 20, 2008 21 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ----------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER $80,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,979,218 shares of Common Stock (see item 4(a)) Call Options to purchase 77,000 shares of Common Stock with an expiration date of June 20, 2008 21 shares of Common Stock - -------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON $80,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,979,218 shares of Common Stock (see item 4(a)) Call Options to purchase 77,000 shares of Common Stock with an expiration date of June 20, 2008 21 shares of Common Stock - -------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% (see item 4(a)) - -------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- CUSIP No. 896106200 13G Page 6 of 14 Pages - -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Glenn Dubin - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES ----------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER $80,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,979,218 shares of Common Stock (see item 4(a)) Call Options to purchase 77,000 shares of Common Stock with an expiration date of June 20, 2008 21 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ----------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER $80,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,979,218 shares of Common Stock (see item 4(a)) Call Options to purchase 77,000 shares of Common Stock with an expiration date of June 20, 2008 21 shares of Common Stock - -------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON $80,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,979,218 shares of Common Stock (see item 4(a)) Call Options to purchase 77,000 shares of Common Stock with an expiration date of June 20, 2008 21 shares of Common Stock - -------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% (see item 4(a)) - -------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- CUSIP No. 896106200 13G Page 7 of 14 Pages - -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Henry Swieca - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES ----------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER $80,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,979,218 shares of Common Stock (see item 4(a)) Call Options to purchase 77,000 shares of Common Stock with an expiration date of June 20, 2008 21 shares of Common Stock OWNED BY ----------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ----------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER $80,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,979,218 shares of Common Stock (see item 4(a)) Call Options to purchase 77,000 shares of Common Stock with an expiration date of June 20, 2008 21 shares of Common Stock - -------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON $80,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028, convertible into 1,979,218 shares of Common Stock (see item 4(a)) Call Options to purchase 77,000 shares of Common Stock with an expiration date of June 20, 2008 21 shares of Common Stock - -------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.99% (see item 4(a)) - -------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- CUSIP No. 896106200 13G Page 8 of 14 Pages Item 1. (a) Name of Issuer Trico Marine Services, Inc. (the "Company") (b) Address of Issuer's Principal Executive Offices 3200 Southwest Freeway, Suite 2950 Houston, Texas 77027 Item 2(a). Name of Person Filing Item 2(b). Address of Principal Business Office Item 2(c). Citizenship HIGHBRIDGE INTERNATIONAL LLC c/o Harmonic Fund Services The Cayman Corporate Centre, 4th Floor 27 Hospital Road Grand Cayman, Cayman Islands, British West Indies Citizenship: Cayman Islands, British West Indies HIGHBRIDGE CONVERTIBLE ARBITRAGE MASTER FUND, L.P. c/o Harmonic Fund Services The Cayman Corporate Centre, 4th Floor 27 Hospital Road Grand Cayman, Cayman Islands, British West Indies Citizenship: Cayman Islands, British West Indies HIGHBRIDGE STATISTICAL OPPORTUNITIES MASTER FUND, L.P. c/o Harmonic Fund Services The Cayman Corporate Centre, 4th Floor 27 Hospital Road Grand Cayman, Cayman Islands, British West Indies Citizenship: Cayman Islands, British West Indies HIGHBRIDGE CAPITAL MANAGEMENT, LLC 9 West 57th Street, 27th Floor New York, New York 10019 Citizenship: State of Delaware GLENN DUBIN c/o Highbridge Capital Management, LLC 9 West 57th Street, 27th Floor New York, New York 10019 Citizenship: United States HENRY SWIECA c/o Highbridge Capital Management, LLC 9 West 57th Street, 27th Floor New York, New York 10019 Citizenship: United States Item 2(d) Title of Class of Securities CUSIP No. 896106200 13G Page 9 of 14 Pages Common Stock, $0.01 par value ("Common Stock") Item 2(e) CUSIP Number 896106200 Item 3. If this statement is filed pursuant to Rules 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 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). (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 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 (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 Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [X] Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: As of the date of this filing, (i) Highbridge International LLC beneficially owns $74,000,000 aggregate principal amount of 6.50% Senior Convertible Debentures due May 15, 2028 (the "2028 Notes"), convertible into 1,830,777 shares of Common Stock (not counting any accrued and unpaid interest on the 2028 Notes) and call options to purchase 71,200 shares of Common Stock with an expiration date of June 20, 2008 (the "Call Options"), (ii) Highbridge Convertible Arbitrage Master Fund, L.P. beneficially owns $6,000,000 aggregate principal amount of the 2028 Notes, convertible into 148,441 shares of Common Stock (not counting any accrued and unpaid interest on the 2028 Notes) and Call Options to purchase 5,800 shares of Common Stock, (iii) Highbridge Statistical CUSIP No. 896106200 13G Page 10 of 14 Pages Opportunities Master Fund, L.P. beneficially owns 21 shares of Common Stock, and (iv) each of Highbridge Capital Management, LLC, Glenn Dubin and Henry Swieca may be deemed the beneficial owner of $80,000,000 aggregate principal amount of the 2028 Notes, convertible into 1,979,218 shares of Common Stock (not counting any accrued and unpaid interest on the 2028 Notes) beneficially owned by Highbridge International LLC and Highbridge Convertible Arbitrage Master Fund, L.P., Call Options to purchase 77,000 shares of Common Stock beneficially owned by Highbridge International LLC and Highbridge Convertible Arbitrage Master Fund, L.P. and 21 shares of Common Stock beneficially owned by Highbridge Statistical Opportunities Master Fund, L.P. Pursuant to the terms of the 2028 Notes, Highbridge International LLC and Highbridge Convertible Arbitrage Master Fund, L.P. cannot convert any of the 2028 Notes until such time as the Reporting Persons would not beneficially own after any such exercise more than 9.99% of the outstanding shares of Common Stock (the "Blocker"). In addition to the (i) 1,830,777 shares of Common Stock issuable to Highbridge International LLC upon conversion of the 2028 Notes, (ii) 71,200 shares of Common Stock issuable to Highbridge International LLC upon exercise of the Call Options, (iii) 148,441 shares of Common Stock issuable to Highbridge Convertible Arbitrage Master Fund, L.P. upon conversion of the 2028 Notes, (iv) 5,800 shares of Common Stock issuable to Highbridge Convertible Arbitrage Master Fund, L.P. upon exercise of the Call Options and (v) 21 shares of Common Stock beneficially owned by Highbridge Statistical Opportunities Master Fund, L.P., Highbridge International LLC holds $34,200,000 aggregate principal amount of 3.00% Senior Convertible Debentures due January 12, 2027 (the "2027 Notes"), which may be converted into 787,338 shares of Common Stock (not counting any accrued and unpaid interest on the 2027 Notes) upon the satisfaction of certain conditions, which currently have not been satisfied and cannot be satisfied in the discretion of Highbridge International LLC within the next 60 days, and Highbridge Convertible Arbitrage Master Fund, L.P. holds $7,800,000 aggregate principal amount of 2027 Notes which may be converted into 179,568 shares of Common Stock (not counting any accrued and unpaid interest on the 2027 Notes) upon the satisfaction of certain conditions, which currently have not been satisfied and cannot be satisfied in the discretion of Highbridge Convertible Arbitrage Master Fund, L.P. within the next 60 days. Highbridge Capital Management, LLC is the trading manager of Highbridge International LLC, Highbridge Convertible Arbitrage Master Fund, L.P. and Highbridge Statistical Opportunities Master Fund, L.P. Glenn Dubin is the Chief Executive Officer of Highbridge Capital Management, LLC. Henry Swieca is the Chief Investment Officer of Highbridge Capital Management, LLC. The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of shares of Common Stock owned by another Reporting Person. In addition, each of Highbridge Capital Management, LLC, Glenn Dubin and Henry Swieca disclaims beneficial ownership of shares of Common Stock held by Highbridge International LLC, Highbridge Convertible Arbitrage Master Fund, L.P. and Highbridge Statistical Opportunities Master Fund, L.P. (b) Percent of class: Based upon the Securities Purchase Agreement dated May 14, 2008 by and among the Company and the investors listed on the Schedule of Purchasers attached thereto, which was filed as exhibit 4.1 of the Current Report on Form 8-K of the Company filed on May 16, 2008, the total number of outstanding shares of Common Stock as of May 14, 2008 is 15,675,565. Therefore, based on the CUSIP No. 896106200 13G Page 11 of 14 Pages Company's outstanding shares of Common Stock, assuming the conversion of the 2028 Notes subject to the Blocker, (i) Highbridge International LLC may be deemed to beneficially own 9.99% of the outstanding shares of Common Stock of the Company, (ii) Highbridge Convertible Arbitrage Master Fund, L.P. may be deemed to beneficially own 0.97% of the outstanding shares of Common Stock of the Company, (iii) Highbridge Statistical Opportunities Master Fund, L.P. may be deemed to beneficially own 0.00% of the outstanding shares of Common Stock of the Company, and (iv) each of Highbridge Capital Management, LLC, Glenn Dubin and Henry Swieca may be deemed to beneficially own 9.99% of the outstanding shares of Common Stock of the Company. The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of shares of Common Stock owned by another Reporting Person. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 0 (ii) Shared power to vote or to direct the vote See Item 4(a) (iii) Sole power to dispose or to direct the disposition of 0 (iv) Shared power to dispose or to direct the disposition of See Item 4(a) Item 5. Ownership of Five Percent or Less of a Class Not applicable. 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 or Control Person Not applicable. Item 8. Identification and Classification of Members of the Group See Exhibit I. Item 9. Notice of Dissolution of Group Not applicable. CUSIP No. 896106200 13G Page 12 of 14 Pages Item 10. Certification By signing below each of the undersigned certifies that, to the best of 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. Exhibits: Exhibit I: Joint Filing Agreement, dated as of May 22, 2008, by and among Highbridge International LLC, Highbridge Convertible Arbitrage Master Fund, L.P., Highbridge Statistical Opportunities Master Fund, L.P., Highbridge Capital Management, LLC, Glenn Dubin and Henry Swieca. CUSIP No. 896106200 13G Page 13 of 14 Pages SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct. Dated: May 22, 2008 HIGHBRIDGE CAPITAL MANAGEMENT, LLC HIGHBRIDGE INTERNATIONAL LLC By: Highbridge Capital Management, LLC its Trading Manager By: /s/ John Oliva ----------------------------- Name: John Oliva By: /s/ John Oliva Title: Managing Director ----------------------------- Name: John Oliva Title: Managing Director HIGHBRIDGE CONVERTIBLE ARBITRAGE HIGHBRIDGE STATISTICAL OPPORTUNITIES MASTER FUND, L.P. MASTER FUND, L.P. By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC its Trading Manager its Trading Manager By: /s/ John Oliva By: /s/ John Oliva ----------------------------- ----------------------------- Name: John Oliva Name: John Oliva Title: Managing Director Title: Managing Director /s/ Henry Swieca /s/ Glenn Dubin - ----------------------------- ----------------------------- HENRY SWIECA GLENN DUBIN CUSIP No. 896106200 13G Page 14 of 14 Pages EXHIBIT I JOINT FILING AGREEMENT This will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the shares of Common Stock, $0.01 par value, of Trico Marine Services, Inc., is being filed, and all amendments thereto will be filed, on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Dated as of May 22, 2008 HIGHBRIDGE CAPITAL MANAGEMENT, LLC HIGHBRIDGE INTERNATIONAL LLC By: Highbridge Capital Management, LLC its Trading Manager By: /s/ John Oliva ----------------------------- Name: John Oliva By: /s/ John Oliva Title: Managing Director ----------------------------- Name: John Oliva Title: Managing Director HIGHBRIDGE CONVERTIBLE ARBITRAGE HIGHBRIDGE STATISTICAL OPPORTUNITIES MASTER FUND, L.P. MASTER FUND, L.P. By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC its Trading Manager its Trading Manager By: /s/ John Oliva By: /s/ John Oliva ----------------------------- ----------------------------- Name: John Oliva Name: John Oliva Title: Managing Director Title: Managing Director /s/ Henry Swieca /s/ Glenn Dubin - ----------------------------- ----------------------------- HENRY SWIECA GLENN DUBIN -----END PRIVACY-ENHANCED MESSAGE-----