3 1 d3.htm FORM 3 Prepared by R.R. Donnelley Financial -- FORM 3

 
 
Form 3
 
 



  
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP
OF SECURITIES
 
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934, Section 17(a) of the
Public Utility Holding Company Act of 1935 or Section 30(h)
of the Investment Company Act of 1940
 
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  1.
 
Name and Address of Reporting Person*
   
                Bay Harbour Management, L.C.
   
   
                                    (Last)                                                  (First)                                                 (Middle)
   
                885 Third Avenue, 34th Floor
   
   
                                     (Street)
   
                New York                        NY                             10022
   
   
                                    (City)                                                  (State)                                                 (Zip)
 





  2.
 
Date of Event Requiring Statement (Month/Day/Year)
   
                8/20/02



3.
 
I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
   
                59-348243



4.
 
Issuer Name and Ticker or Trading Symbol
   
                Motient Corporation (MNCP)



5.




 
Relationship of Reporting Person(s) to Issuer (Check all applicable)
 
            ¨  Director     x  10% Owner
 
            ¨  Officer (give title below)                     ¨  Other (specify below)
 
 



6.
 
If Amendment, Date of Original (Month/Day/Year)
     



7.


 
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)
   
                    Common Stock $.01 Par Value



2.
 
Amount of Securities Beneficially Owned (Instr. 4)
   
                    2,665,178



3.
 
Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
   
                    I



4.
 
Nature of Indirect Beneficial Ownership (Instr. 5)
   
                    (1)



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)
       
Date Exercisable
  
Expiration Date
              







3.
 
Title and Amount of Securities Underlying Derivative Security (Instr. 4)
       
Title
  
Amount or Number of Shares
              







4.
 
Conversion or Exercise Price of Derivative Security
     



5.
 
Ownership Form of Derivative Securities: Direct (D) or Indirect (I) (Instr. 5)
     



6.
 
Nature of Indirect Beneficial Ownership (Instr. 5)
     



Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
 
Explanation of Responses:
 
(1)    The 2,665,178 shares listed in Table I are beneficially owned by investment funds for which Bay Harbour Management, L.C., which is controlled by the three other reporting persons, serves as investment advisor.
 
 
Signatures on Attached Page

 
8/20/02

**Signature of Reporting Person
 
Date
 
    *
 
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).
 
Note:
File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.


 
Additional Reporting Persons

 
I.R.S. Identification No.

Bay Harbour Management L.C.
885 Third Avenue
34th Floor
New York, New York 10022
 
59-2924229
Steven A. Van Dyke
885 Third Avenue
34th Floor
New York, New York 10022
 
N/A
John D. Stout
885 Third Avenue
34th Floor
New York, New York 10022
 
N/A
Douglas P. Teitelbaum
885 Third Avenue
34th Floor
New York, New York 10022
 
N/A
 
 
Signatures of Reporting Persons
 
BAY HARBOUR MANAGEMENT, L.C.
 
 
    
By:  /S/  STEVEN A. VAN DYKE

Dated: August 20, 2002
  
Name: Steven A. Van Dyke
    
Title: President
      
Dated: August 20, 2002
  
/S/  STEVEN A. VAN DYKE

    
Steven A. Van Dyke
      
Dated: August 20, 2002
  
/S/  DOUGLAS P. TEITELBAUM

    
Douglas P. Teitelbaum
      
Dated: August 20, 2002
  
/S/  JOHN D. STOUT

    
John D. Stout

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