-----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, E8hK3VnjzIqnKks4ondUnRA9xFw5MTqI+L25k9Jmbf85VlntscRxLuv2ZqMBqtWg WQl+UIQKU5O8Bu3vilAP7w== 0000919574-09-012490.txt : 20090625 0000919574-09-012490.hdr.sgml : 20090625 20090625161630 ACCESSION NUMBER: 0000919574-09-012490 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090625 DATE AS OF CHANGE: 20090625 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49411 FILM NUMBER: 09910003 BUSINESS ADDRESS: STREET 1: 10001 WOODLOCH FOREST DR. STREET 2: SUITE 610 CITY: THE WOODLANDS STATE: TX ZIP: 77380 BUSINESS PHONE: 281-203-5700 MAIL ADDRESS: STREET 1: 10001 WOODLOCH FOREST DR. STREET 2: SUITE 610 CITY: THE WOODLANDS STATE: TX ZIP: 77380 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SILVERBACK ASSET 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 BUSINESS PHONE: 919-969-9300 MAIL ADDRESS: STREET 1: 1414 RALEIGH ROAD STREET 2: SUITE 250 CITY: CHAPEL HILL STATE: NC ZIP: 27517 FORMER COMPANY: FORMER CONFORMED NAME: SILVERBACK ASET MANAGEMENT LLC DATE OF NAME CHANGE: 20040206 SC 13G/A 1 d1008566_13g-a.txt -------------------------- -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)+ Trico Marine Services, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 896106200 - -------------------------------------------------------------------------------- (CUSIP Number) May 13, 2009 - -------------------------------------------------------------------------------- (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. 896106200 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Investcorp Investment Advisers Limited* 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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 2,138,669 (1) 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,138,669 (1) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,138,669 (1) 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.99% (1) 12. TYPE OF REPORTING PERSON OO * Investcorp Investment Advisers Limited ("IIAL"), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, as amended, serves as investment manager to Investcorp Silverback Arbitrage Master Fund Limited, Investcorp Silverback Opportunistic Convertible Master Fund Limited (the "Master Funds") and certain other private investment vehicles. In its capacity as investment manager of the Master Funds and certain other private investment vehicles, IIAL possesses investment and/or voting power over the securities held by such private investment vehicles, including the securities of the Issuer described in this Schedule 13G that are owned by such private investment vehicles, including the Master Funds, and may be deemed to be the beneficial owner of the securities held by such private investment vehicles, including the securities of the Issuer described in this Schedule 13G that are owned by such private investment vehicles, including the Master Funds. However, all securities reported on this Schedule 13G are owned by such private investment vehicles, including the Master Funds. IIAL disclaims beneficial ownership of the securities reported in this Schedule 13G, and the filing of this Schedule 13G shall not be construed as an admission that IIAL is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities reported in this Schedule 13G. CUSIP No. 896106200 --------------------- 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) [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 2,138,669 (1) 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,138,669 (1) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,138,669 (1) 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.99% (1) 12. TYPE OF REPORTING PERSON OO * Silverback Asset Management, LLC ("SAM") serves as investment sub-adviser to Investcorp Silverback Arbitrage Master Fund Limited, Investcorp Silverback Opportunistic Convertible Master Fund Limited (the "Master Funds") and certain other private investment vehicles. In its capacity as investment sub-adviser of such private investment vehicles, including the Master Funds, 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 Securities Exchange Act of 1934, as amended, the beneficial owner of any securities reported in this Schedule 13G, except to the extent of its pecuniary interest therein. CUSIP No. 896106200 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Investcorp Silverback Arbitrage Master Fund Limited 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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 1,553,797 (2) 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,553,797 (2) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,553,797 (2) 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.46% (2) 12. TYPE OF REPORTING PERSON CO CUSIP No. 896106200 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Elliot Bossen 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 United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 2,138,669 (1) 7. SOLE DISPOSITIVE POWER 0 0 8. SHARED DISPOSITIVE POWER 2,138,669 (1) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,138,669 (1) 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% (1) 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN * Elliot Bossen is the sole managing member of Silverback Asset Management, LLC ("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 Securities Exchange Act of 1934, as amended, the beneficial owner of any securities reported in this Schedule 13G, except to the extent of his pecuniary interest therein. CUSIP No. 896106200 --------------------- Item 1(a). Name of Issuer: Trico Marine Services, Inc. -------------------------------------------------------------------- (b). Address of Issuer's Principal Executive Offices: 10001 Woodloch Forest Drive, Suite 610 The Woodlands, Texas 77380 -------------------------------------------------------------------- Item 2(a). Name of Persons Filing: Investcorp Investment Advisers Limited Silverback Asset Management, LLC Investcorp Silverback Arbitrage Master Fund Limited Elliot Bossen -------------------------------------------------------------------- (b). Address of Principal Business Office, or if None, Residence: Investcorp Investment Advisers Limited Investcorp House, P.O. Box 5340 Manama, Kingdom of Bahrain Silverback Asset Management, LLC 1414 Raleigh Road Suite 250 Chapel Hill, NC 27517 Investcorp Silverback Arbitrage Master Fund Limited c/o Paget-Brown Trust Company Limited West Wind Building, Harbour Drive, P.O. Box 1111 George Town, Grand Cayman, Cayman Islands Elliot Bossen c/o Silverback Asset Management, LLC 1414 Raleigh Road Suite 250 Chapel Hill, NC 27517 -------------------------------------------------------------------- (c). Citizenship: Investcorp Investment Advisers Limited - Cayman Islands Silverback Asset Management, LLC - Delaware Investcorp Silverback Arbitrage Master Fund Limited - Cayman Islands Elliot Bossen - United States of America -------------------------------------------------------------------- (d). Title of Class of Securities: Common Stock, $0.01 par value -------------------------------------------------------------------- (e). CUSIP Number: 896106200 -------------------------------------------------------------------- Item 3. If This Statement is filed pursuant to ss.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 Exchange Act (15 U.S.C. 78c). (b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange 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 s.240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with s.240.13d-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 s.240.13d-1(b)(1)(ii)(J). 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: Investcorp Investment Advisers Limited - 2,138,669 (1) Silverback Asset Management, LLC - 2,138,669 (1) Investcorp Silverback Arbitrage Master Fund Limited - 1,553,797 (2) Elliot Bossen - 2,138,669 (1) -------------------------------------------------------------------- (b) Percent of class: Investcorp Investment Advisers Limited - 9.99 (1) Silverback Asset Management, LLC - 9.99 (1) Investcorp Silverback Arbitrage Master Fund Limited - 7.46 (2) Elliot Bossen - 9.99 (1) -------------------------------------------------------------------- (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote Investcorp Investment Advisers Limited - 0 Silverback Asset Management, LLC - 0 Investcorp Silverback Arbitrage Master Fund Limited - 0 Elliot Bossen - 0 -------------------------------------------------------------------- (ii) Shared power to vote or to direct the vote Investcorp Investment Advisers Limited - 2,138,669 (1) Silverback Asset Management, LLC - 2,138,669 (1) Investcorp Silverback Arbitrage Master Fund Limited 1,553,797 (2) Elliot Bossen - 2,138,669 (1) -------------------------------------------------------------------- (iii) Sole power to dispose or to direct the disposition of Investcorp Investment Advisers Limited - 0 Silverback Asset Management, LLC - 0 Investcorp Silverback Arbitrage Master Fund Limited - 0 Elliot Bossen - 0 -------------------------------------------------------------------- (iv) Shared power to dispose or to direct the disposition of Investcorp Investment Advisers Limited - 2,138,669 (1) Silverback Asset Management, LLC - 2,138,669 (1) Investcorp Silverback Arbitrage Master Fund Limited 1,553,797(2) Elliot Bossen - 2,138,669 (1) -------------------------------------------------------------------- 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. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. 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. If a parent holding company or Control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. N/A -------------------------------------------------------------------- Item 8. Identification and Classification of Members of the Group. If a group has filed this schedule pursuant to Sec.240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Sec.240.13d-1(c) or Sec.240.13d-1(d), attach an exhibit stating the identity of each member of the group. N/A -------------------------------------------------------------------- Item 9. Notice of Dissolution of Group. Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. N/A -------------------------------------------------------------------- Item 10. Certification. By signing below we certify that, to the best of our 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 our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. June 25, 2009 ---------------------------------------- (Date) INVESTCORP INVESTMENT ADVISERS LIMITED By: /s/ Mufeed Rajab ------------------------------ Name: Mufeed Rajab Title: Director SILVERBACK ASSET MANAGEMENT, LLC* By: /s/ Elliot Bossen ------------------------------ Name: Elliot Bossen Title: Managing Member INVESTCORP SILVERBACK ARBITRAGE MASTER FUND LIMITED* By: /s/ Elliot Bossen ------------------------------ Name: Elliot Bossen Title: Managing Member of its Investment Manager /s/ Elliot Bossen * ------------------------------ ELLIOT BOSSEN * These Reporting Persons disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent. Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). + This Amendment No. 1 amends and restates the statement in Schedule 13G filed on June 15, 2009 (the "Original Schedule 13G") with respect to shares of common stock, par value $0.01 per share (the "Common Stock") of Trico Marine Services, Inc., a Delaware corporation (the "Company"). The Original Schedule 13G did not take into consideration the conversion limitation of the Company's 8.125% convertible debentures, such convertible debentures held by Investcorp Silverback Arbitrage Master Fund Limited and Investcorp Silverback Opportunistic Convertible Master Fund Limited, pursuant to which the Reporting Persons herein are prevented from converting any portion of such convertible debentures in excess of 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to such conversion (the "Conversion Limitation"). Investcorp Silverback Opportunistic Convertible Master Fund Limited's beneficial ownership in Trico Marine Services, Inc. is less than 5% of the Company's Common Stock, and, therefore, pursuant to Section 13(g) of the Securities Exchange Act of 1934, as amended, it has not filed herein as a Reporting Person. (1) These shares are derived solely from (a) Investcorp Silverback Arbitrage Master Fund Limited's respective ownership of 3% and 8.125% convertible debentures and (b) Investcorp Silverback Opportunistic Convertible Master Fund Limited's respective ownership of the Company's 3% and 8.125% convertible debentures. (2) These shares are derived solely from Investcorp Silverback Arbitrage Master Fund Limited's respective ownership of the Company's 3% and 8.125% convertible debentures. Exhibit A AGREEMENT The undersigned agree that this Schedule 13G dated June 25, 2009 relating to the Common Stock, $0.01 par value of Trico Marine Services, Inc. shall be filed on behalf of the undersigned. INVESTCORP INVESTMENT ADVISERS LIMITED By: /s/ Mufeed Rajab ------------------------------ Name: Mufeed Rajab Title: Director SILVERBACK ASSET MANAGEMENT, LLC* By: /s/ Elliot Bossen ------------------------------ Name: Elliot Bossen Title: Managing Member INVESTCORP SILVERBACK ARBITRAGE MASTER FUND LIMITED* By: /s/ Elliot Bossen ------------------------------ Name: Elliot Bossen Title: Managing Member of its Investment Manager /s/ Elliot Bossen * ------------------------------ ELLIOT BOSSEN SK 04098 0012 1008566 -----END PRIVACY-ENHANCED MESSAGE-----