SC 13G 1 dsc13g.htm SCHEDULE 13G Schedule 13G

UNITED STATES

SECURITIES EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

 

 

 

 

 

US Unwired Inc.

(Name of Issuer)

 

 

Common Stock

(Title of Class of Securities)

 

 

90338R-10-4

                                (CUSIP Number)                                

 

 

May 27, 2004

(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)

Page 2 of 10 Pages

 

CUSIP No. 90338R-10-4

 

  1.  

Names of Reporting Persons.

Glenview Capital Management, LLC

 

I.R.S. Identification Nos. of above persons (entities only).

            13-4136746

    
  2.  

Check the Appropriate Box if a Member of a Group

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            Delaware, United States

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  5.    Sole Voting Power

 

                None

  6.    Shared Voting Power

 

                10,098,788

  7.    Sole Dispositive Power

 

                None

  8.    Shared Dispositive Power

 

                10,098,788

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            10,098,788

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

¨

    
11.  

Percent of Class Represented by Amount in Row (9)

 

            7.833% based on 128,920,585 shares outstanding as of May 1, 2004.

    
12.  

Type of Reporting Person:

 

            OO

    

Page 3 of 10 Pages

 

CUSIP No. 90338R-10-4

 

  1.  

Names of Reporting Persons.

Glenview Capital GP, LLC

 

I.R.S. Identification Nos. of above persons (entities only).

            13-4136749

    
  2.  

Check the Appropriate Box if a Member of a Group

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            Delaware, United States

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  5.    Sole Voting Power

 

                None

  6.    Shared Voting Power

 

                10,098,788

  7.    Sole Dispositive Power

 

                None

  8.    Shared Dispositive Power

 

                10,098,788

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            10,098,788

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

¨

    
11.  

Percent of Class Represented by Amount in Row (9)

 

            7.833% based on 128,920,585 shares outstanding as of May 1, 2004.

    
12.  

Type of Reporting Person:

 

            OO

    

 

Page 4 of 10 Pages.

 

  1.  

Names of Reporting Persons.

Glenview Capital Partners, L.P.

 

I.R.S. Identification Nos. of above persons (entities only).

            13-4141851

    
  2.  

Check the Appropriate Box if a Member of a Group

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            Delaware, United States

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  5.    Sole Voting Power

 

                None

  6.    Shared Voting Power

 

                10,098,788

  7.    Sole Dispositive Power

 

                None

  8.    Shared Dispositive Power

 

                10,098,788

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            10,098,788

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

¨

    
11.  

Percent of Class Represented by Amount in Row (9)

 

            7.833% based on 128,920,585 shares outstanding as of May 1, 2004.

    
12.  

Type of Reporting Person:

 

            PN

    

 

 

Page 5 of 10 Pages.

 

  1.  

Names of Reporting Persons.

Glenview Capital Master Fund, Ltd.

 

I.R.S. Identification Nos. of above persons (entities only).

            98-0385693

    
  2.  

Check the Appropriate Box if a Member of a Group

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            Cayman Islands, British West Indies

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  5.    Sole Voting Power

 

                None

  6.    Shared Voting Power

 

                10,098,788

  7.    Sole Dispositive Power

 

                None

  8.    Shared Dispositive Power

 

                10,098,788

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            10,098,788

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

¨

    
11.  

Percent of Class Represented by Amount in Row (9)

 

            7.833% based on 128,920,585 shares outstanding as of May 1, 2004.

    
12.  

Type of Reporting Person:

 

            OO

    

Page 6 of 10 Pages.

 

  1.  

Names of Reporting Persons.

Glenview Institutional Partners, L.P.

 

I.R.S. Identification Nos. of above persons (entities only).

            13-4153722

    
  2.  

Check the Appropriate Box if a Member of a Group

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            Delaware, United States

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  5.    Sole Voting Power

 

                None

  6.    Shared Voting Power

 

                10,098,788

  7.    Sole Dispositive Power

 

                None

  8.    Shared Dispositive Power

 

                10,098,788

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            10,098,788

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

¨

    
11.  

Percent of Class Represented by Amount in Row (9)

 

            7.833% based on 128,920,585 shares outstanding as of May 1, 2004.

    
12.  

Type of Reporting Person:

 

            PN

    

Page 7 of 10 Pages

 

Item 1

  

(a).

   

Name of Issuer:

 

US Unwired Inc.

          

Item 1

  

(b).

   

Address of Issuer’s Principal Executive Offices:

 

901 Lakeshore Drive

Lake Charles, Louisiana 70601

337-436-9000

          

Item 2

  

(a).

    Name of Person Filing:          

Item 2

  

(b).

    Address of Principal Business Office or, if none, Residence:          

Item 2

  

(c).

   

Citizenship:

 

Glenview Capital Management, LLC

399 Park Avenue, Floor 39

New York, New York 10022

Delaware limited liability company

 

Glenview Capital GP, LLC

399 Park Avenue, Floor 39

New York, New York 10022

Delaware limited liability company

 

Glenview Capital Partners, L.P.

399 Park Avenue, Floor 39

New York, New York 10022

Delaware limited partnership

 

Glenview Institutional Partners, L.P

399 Park Avenue, Floor 39

New York, New York 10022

Delaware limited partnership

 

Glenview Capital Master Fund, Ltd.

c/o Goldman Sachs (Cayman) Trust, Limited

Harbour Centre, North Church Street

P.O. Box 896GT

George Town, Grand Cayman

Cayman Islands, British West Indies

Cayman Island exempted company

          

Item 2

  

(d).

   

Title of Class of Securities:

 

Common Stock

          

Item 2

  

(e).

   

CUSIP Number:

 

90338R-10-4

          

Page 8 of 10 Pages

 

Item 3.

   If this statement is filed pursuant to §§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 Act.
    (b)    ¨    Bank as defined in Section 3(a)(6) of the Act.
    (c)    ¨    Insurance company as defined in Section 3(a)(19) of the Act.
    (d)    ¨    Investment company registered under Section 8 of the Investment Company Act of 1940.
    (e)    ¨    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
    (f)    ¨    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
    (g)    ¨    A parent holding company or control person in accordance with §240.13d-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 of 1940;
    (j)    ¨    Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4.

   Ownership.          
   

Glenview Capital Management, LLC

Glenview Capital GP, LLC

Glenview Capital Partners, L.P.

Glenview Institutional Partners, L.P.

Glenview Capital Master Fund, Ltd.

          
    (a)    Amount beneficially owned: Glenview Capital Partners, L.P. beneficially owns 1,144,639 shares, Glenview Institutional Partners, L.P. beneficially owns 3,183,420 shares and Glenview Capital Master Fund, Ltd. beneficially owns 5,770,729 shares for an aggregate total of 10,098,788 shares.          
    (b)    Percent of class: 7.833% based on 128,920,585 shares outstanding as of May 1, 2004.          
The sole power to vote or direct the vote of the entire shareholding and the sole power to dispose of or direct the disposal of the entire shareholding has been delegated to Glenview Capital Management, LLC as Investment Manager for each of Glenview Capital Partners, L.P., Glenview Institutional Partners, L.P. and Glenview Capital Master Fund, Ltd. In addition, Glenview Capital GP, LLC serves as general partner for each of Glenview Capital Partners, L.P. and Glenview Institutional Partners, L.P.          

Item 5.

  

Ownership of Five Percent or Less of a Class.

 

Not applicable

          

Page 9 of 10 Pages

 

 

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:

 

Not applicable.

          

Item 9.

   

Notice of Dissolution of Group:

 

Not applicable.

          

Item 10.

   

Certification:

 

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 that 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.

 

May 27, 2004
Date

 

/s/     Lawrence M. Robbins        

Lawrence M. Robbins, Chief Executive Officer

 

GLENVIEW CAPITAL MANAGEMENT, LLC

/s/    Lawrence M. Robbins         
Lawrence M. Robbins, Chief Executive Officer

 

GLENVIEW CAPITAL GP, LLC

 

/s/     Lawrence M. Robbins        

Lawrence M. Robbins, Chief Executive Officer

 

GLENVIEW CAPITAL PARTNERS, L.P.

By:  

Glenview Capital GP, LLC as General Partner

 

/s/    Lawrence M. Robbins        

Lawrence M. Robbins, Chief Executive Officer

 

GLENVIEW INSTITUTIONAL PARTNERS, L.P.

By:  

Glenview Capital GP, LLC as General Partner

 

/s/     Lawrence M. Robbins        

Lawrence M. Robbins, Chief Executive Officer

 

GLENVIEW CAPITAL MASTER FUND, LTD.

By:   Glenview Capital Management, LLC as Investment Manager

 

/s/     Lawrence M. Robbins        

Lawrence M. Robbins, Chief Executive Officer