X0201 4 2003-12-30 1 0001081290 REDBACK NETWORKS INC RBAKQ 0001237606 HECHT NIKOS C/O ASPEN ADVISORS LLC 152 WEST 57TH STREET, 46TH FLOOR NEW YORK NY 10019 0 0 1 0 Common Stock 2003-12-30 4 P 0 1143800 348058.34 A 26143800 I By Manager of Investment Advisor Nikos Hecht, managing member of Aspen Advisors LLC and managing member of Aspen Capital LLC (General Partner of Aspen Partners, a series of Aspen Capital Partners, L.P., which holds 1% of Aspen Partners), disclaims beneficial ownership of the securities except to the extent of the 1% pecuniary interest, as calculated pursuant to Rule 16a-1(a)(2) and (a)(3). Nikos Hecht 2004-01-02