Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0000905718-19-000521
Form Type:
13D Filing
Publication Date:
2019-06-07 16:32:39
Filed By:
Cerberus Capital Management
Company:
Anterix Inc. (NASDAQ:ATEX)
Filing Date:
2019-06-07
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Stephen Feinberg 2,889,442 0 2,889,442 0 2,889,442 19.6%
Filing

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

 

pdvWireless, Inc.

(Name of Issuer)

 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

69290R104

(CUSIP Number)

 

      with a copy to:
  Mr. Stephen Feinberg   Robert G. Minion, Esq.
  c/o Cerberus Capital Management, L.P.   Lowenstein Sandler LLP
  875 Third Avenue, 11th Floor   1251 Avenue of the Americas, 17th Floor
  New York, NY 10022   New York, NY 10020
  (212) 891-2100   (646) 414-6930

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

May 28, 2019

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule l3G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

*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 disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the 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).

 

 

CUSIP No. 69290R104

 

1. Names of Reporting Persons.  I.R.S. Identification Nos. of above persons (entities only):
      Stephen Feinberg
     
2. Check the Appropriate Box if a Member of a Group (See Instructions): (a) Not  
  (b) Applicable  
     

3.       SEC Use Only

 

4. Source of Funds (See Instructions):     WC
     
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):
      Not Applicable  
     
6. Citizenship or Place of Organization:      United States
     
 
  Number of 7. Sole Voting Power: 2,889,442*  
  Shares Beneficially 8. Shared Voting Power: 0    
  Owned by      
  Each Reporting 9. Sole Dispositive Power: 2,889,442*  
  Person With 10. Shared Dispositive Power: 0    
       
11. Aggregate Amount Beneficially Owned by Each Reporting Person:      2,889,442*
     
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):    [     ]
     
13. Percent of Class Represented by Amount in Row (11):      19.6%*
     
14. Type of Reporting Person (See Instructions):   IA, IN
     
                 

 *Based upon information as set forth in the Prospectus Supplement to the Prospectus dated April 22, 2019 of pdvWireless, Inc., a Delaware corporation (the “Company”), filed with the U.S. Securities and Exchange Commission on May 20, 2019, there were 14,739,145 shares of common stock, par value $0.0001 per share (the “Common Stock”), of the Company issued and outstanding as of March 31, 2019. As of June 7, 2019, the filing date of this Schedule 13D Amendment No. 4 (the “Filing Date”), funds affiliated with Cerberus Capital Management, L.P. (collectively, the “Cerberus Funds”) own 2,889,442 shares of the Common Stock in the aggregate. Stephen Feinberg (the “Reporting Person”), through one or more intermediate entities, possesses the sole power to vote and the sole power to direct the disposition of all securities of the Company beneficially owned by the Cerberus Funds. As a result, as of the Filing Date of this Schedule 13D Amendment No. 4, the Reporting Person may be deemed to beneficially own 2,889,442 shares of the Common Stock, or 19.6% of the shares of the Common Stock issued and outstanding. 

 

 

Item 5. Interest in Securities of the Issuer.

 

Item 5 is hereby amended by deleting the text thereof in its entirety and substituting the following in lieu thereof:

 

Based upon information as set forth in the Prospectus Supplement to the Prospectus dated April 22, 2019 of the Company, filed with the U.S. Securities and Exchange Commission on May 20, 2019, there were 14,739,145 shares of Common Stock of the Company issued and outstanding as of March 31, 2019. As of June 7, 2019, the filing date of this Schedule 13D Amendment No. 4 (the “Filing Date”), the Cerberus Funds own 2,889,442 shares of the Common Stock in the aggregate. Mr. Feinberg, through one or more intermediate entities, possesses the sole power to vote and the sole power to direct the disposition of all securities of the Company beneficially owned by the Cerberus Funds.  As a result, as of the Filing Date of this Schedule 13D Amendment No. 4, Mr. Feinberg may be deemed to beneficially own 2,889,442 shares of the Common Stock, or 19.6% of the shares of the Common Stock issued and outstanding.

 

The following table sets forth the sale transactions, each of which were sales effected in an ordinary brokerage transaction, which required the filing of this Schedule 13D Amendment Number 4 with respect to the shares of Common Stock, or securities convertible into, exercisable for, or exchangeable for, such shares, by Mr. Feinberg, or any person or entity controlled by Mr. Feinberg, or any person or entity for which Mr. Feinberg possesses voting or investment control over the securities thereof:

 

  Date Number of Shares Sale Price Per Share  
  May 28, 2019 100,000 $50.75  
  May 28, 2019 180,134 $49.87  
  May 29, 2019 73,848 $49.77  
  May 30, 2019 123,620 $49.34  
  May 31, 2019 46,214 $48.78  
  June 3, 2019 46,847 $48.01  
  June 4, 2019 46,352 $48.01  

 

Other than as set forth in the table above, there were no transactions in the shares of Common Stock (or securities convertible into, exercisable for, or exchangeable for, such shares) by Mr. Feinberg or any other person or entity controlled by Mr. Feinberg, or any person or entity for which Mr. Feinberg possesses voting or investment control, during the period commencing sixty (60) days prior to May 28, 2019, the date of the event which required the filing of this Schedule 13D Amendment No. 4, and ending on the Filing Date.

 

 

 

Nothing set forth herein shall be construed as an admission by Mr. Feinberg, or any other person or entity, that Mr. Feinberg, or any other person or entity, is the beneficial owner of any of the Company’s securities that are beneficially owned by any other person or entity for the purposes of Section 13(d) of the Securities Exchange Act of 1934, or for any other purposes.

 

 

[signature follows on the next page]

 

 

 

 

 

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.

 

 

 

  June 7, 2019  
     
     
  /s/ Stephen Feinberg  
  Stephen Feinberg, on behalf of Craig Court, Inc., the managing member of Craig Court GP, LLC, the general partner of Cerberus Capital Management, L.P.  
     

 

 

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).