-----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, TNv2hobpP9vyiO+FauLuchpXSKtFMsGnuZ52PBqgjn8H3Z1VTPOZB8VDy6H9DjOs z/pVK+UZKm0btABaebxExg== 0001019056-09-000613.txt : 20090601 0001019056-09-000613.hdr.sgml : 20090601 20090601164308 ACCESSION NUMBER: 0001019056-09-000613 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090601 DATE AS OF CHANGE: 20090601 GROUP MEMBERS: ASPEN ADVISORS LLC GROUP MEMBERS: ENTERASPEN LIMITED GROUP MEMBERS: NIKOS HECHT GROUP MEMBERS: OWL CREEK CAPITAL LLC GROUP MEMBERS: OWL CREEK CAPITAL MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FiberTower CORP CENTRAL INDEX KEY: 0001010286 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 521869023 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49879 FILM NUMBER: 09865415 BUSINESS ADDRESS: STREET 1: 185 BERRY STREET STREET 2: SUITE 4800 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: (415) 659-1350 MAIL ADDRESS: STREET 1: 185 BERRY STREET STREET 2: SUITE 4800 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: FIRST AVENUE NETWORKS INC DATE OF NAME CHANGE: 20020215 FORMER COMPANY: FORMER CONFORMED NAME: ADVANCED RADIO TELECOM CORP DATE OF NAME CHANGE: 19960503 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ASPEN ADVISORS LLC CENTRAL INDEX KEY: 0001127939 IRS NUMBER: 134118717 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 152 W 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2126988006 MAIL ADDRESS: STREET 1: 152 W 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 SC 13G/A 1 fibertower13ga1.htm SC 13G/A

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2

(Amendment No. 1)*

FiberTower Corporation

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

31567R100

(CUSIP Number)

June 1, 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:


	o	Rule 13d-1(b)

	x	Rule 13d-1(c)

	o	Rule 13d-1(d)

* 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 the disclosures provided in a prior cover page.

The information required in 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).

Page 1 of 11


CUSIP NO. 31567R100

1	NAME OF REPORTING PERSONS ASPEN ADVISORS LLC


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) o (b) x


3	SEC USE ONLY


4	CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE


NUMBER OF SHARES BENEFICALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER -0-


		6	SHARED VOTING POWER 9,725,408


		7	SOLE DISPOSITIVE POWER -0-


		8	SHARED DISPOSITIVE POWER 1,854,888


9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,725,408



10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES				o


11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.4%


12	TYPE OF REPORTING PERSON OO, IA

Page 2 of 11


CUSIP NO. 31567R100

1	NAME OF REPORTING PERSONS ENTERASPEN LIMITED


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) o (b) x


3	SEC USE ONLY


4	CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS


NUMBER OF SHARES BENEFICALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER -0-


		6	SHARED VOTING POWER 8,620,520


		7	SOLE DISPOSITIVE POWER 7,870,520


		8	SHARED DISPOSITIVE POWER 750,000


9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,620,520



10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES				o


11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.7%


12	TYPE OF REPORTING PERSON OO

Page 3 of 11


CUSIP NO. 31567R100

1	NAME OF REPORTING PERSONS OWL CREEK CAPITAL LLC


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) o (b) x


3	SEC USE ONLY


4	CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE


NUMBER OF SHARES BENEFICALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER -0-


		6	SHARED VOTING POWER 2,327,006


		7	SOLE DISPOSITIVE POWER -0-


		8	SHARED DISPOSITIVE POWER 2,327,006


9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,327,006



10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES				o


11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.5%


12	TYPE OF REPORTING PERSON OO

Page 4 of 11


CUSIP NO. 31567R100

1	NAME OF REPORTING PERSONS OWL CREEK CAPITAL MANAGEMENT LLC


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) o (b) x


3	SEC USE ONLY


4	CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE


NUMBER OF SHARES BENEFICALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER -0-


		6	SHARED VOTING POWER 2,327,006


		7	SOLE DISPOSITIVE POWER -0-


		8	SHARED DISPOSITIVE POWER 2,327,006


9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,327,006



10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES				o


11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.5%


12	TYPE OF REPORTING PERSON OO, IA

Page 5 of 11


CUSIP NO. 31567R100

1	NAME OF REPORTING PERSONS NIKOS HECHT


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) o (b) x


3	SEC USE ONLY


4	CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES


NUMBER OF SHARES BENEFICALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER 599,200


		6	SHARED VOTING POWER 12,052,414


		7	SOLE DISPOSITIVE POWER 599,200


		8	SHARED DISPOSITIVE POWER 4,181,894


9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,651,614



10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES				o


11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.3%


12	TYPE OF REPORTING PERSON IN

Page 6 of 11

Item 1.


(a)	Name of Issuer:

		FiberTower Corporation

(b)	Address of Issuer’s Principal Executive Offices:

		185 Berry Street, Suite 4800
		San Francisco, California 94107

Item 2.


(a)	Name of Persons Filing:

		Aspen Advisors LLC (“Aspen Advisors”);
		EnterAspen Limited (“EnterAspen”);
		Owl Creek Capital LLC (“Owl Creek Capital”);
		Owl Creek Capital Management LLC (“Owl Creek Capital Management”); and
		Nikos Hecht (collectively, the “Reporting Persons”)

(b)	Address of Principal Business Office or, if none, Residence:

The address of the principal business office of Aspen Advisors is 152 West 57th Street, New York, NY, 10019. The address of the principal business office of EnterAspen is First Caribbean House, 4^th Floor, P.O. Box 487 Grand Cayman, Cayman Islands KY1-1106. The address of the principal business office of each of Owl Creek Capital, Owl Creek Capital Management and Nikos Hecht is 314 South Galena Street, Suite 300, Aspen, CO 81611.

(c)	Citizenship:

Aspen Advisors, Owl Creek Capital, and Owl Creek Capital Management are Delaware limited liability companies. EnterAspen is a Cayman Islands exempted company. Mr. Hecht is a citizen of the United States.

(d)	Title of Class of Securities:

	Common Stock, par value $0.001 per share

(e)	CUSIP Number:

	31567R100


Item 3.	If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:


(a)	o	Broker or dealer registered under Section 15 of the Exchange Act.
(b)	o	Bank as defined in Section 3(a)(6) of the Exchange Act.
(c)	o	Insurance company as defined in Section 3(a)(19) of the Exchange Act.
(d)	o	Investment company registered under Section 8 of the Investment Company Act.
(e)	o	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

Page 7 of 11


(f)	o	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g)	o	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
(h)	o	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act;
(i)	o	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act;
(j)	o	Group, in accordance with Rule 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:

			Aspen Advisors:	9,725,408
			EnterAspen:	8,620,520
			Owl Creek Capital	2,327,006
			Owl Creek Capital Management	2,327,006
			Mr. Hecht:	12,651,614

(b)	Percent of class:

			Aspen Advisors:	6.4%
			EnterAspen:	5.7%
			Owl Creek Capital	1.5%
			Owl Creek Capital Management	1.5%
			Mr. Hecht:	8.3%

(c)	Number of shares as to which the person has:

	(i)	Sole power to vote or to direct the vote:

			Aspen Advisors:	-0-
			EnterAspen:	-0-
			Owl Creek Capital	-0-
			Owl Creek Capital Management	-0-
			Mr. Hecht:	599,200

	(ii)	Shared power to vote or to direct the vote:

			Aspen Advisors:	9,725,408
			EnterAspen:	8,620,520
			Owl Creek Capital	2,327,006
			Owl Creek Capital Management	2,327,006
			Mr. Hecht:	12,052,414

Page 8 of 11


(iii)	Sole power to dispose or to direct the disposition of:

		Aspen Advisors:	-0-
		EnterAspen:	7,870,520
		Owl Creek Capital	-0-
		Owl Creek Capital Management	-0-
		Mr. Hecht:	599,200

(iv)	Shared power to dispose or to direct the disposition of:

		Aspen Advisors:	1,854,888
		EnterAspen:	750,000
		Owl Creek Capital	2,327,006
		Owl Creek Capital Management	2,327,006
		Mr. Hecht:	4,181,894

EnterAspen directly owns and is the beneficial owner of 8,620,520 shares of the common stock of the Issuer (the “Common Stock”). Such 8,620,520 shares of Common Stock constitute approximately 5.7% of the outstanding shares of Common Stock, based on 151,593,519 shares of Common Stock outstanding as of April 30, 2009, as set forth in the Company’s Quarterly Report on Form 10-Q filed on May 8, 2009. Of the 8,620,520 shares of Common Stock that EnterAspen directly owns, EnterAspen has (i) sole dispositive authority with respect to 7,870,520 shares, (ii) shared dispositive power with respect to 750,000 shares and (iii) shared voting authority with respect to all 8,620,520 shares.

Aspen Advisors is the beneficial owner of 9,725,408 shares of the Common Stock. Of such shares beneficially owned by Aspen Advisors, 8,620,520 are directly owned by EnterAspen, a private client account of Aspen Advisors and 1,104,888 are owned by another private client. Of the 9,725,408 shares of common stock that Aspen Advisors beneficially owns, Aspen Advisors has (i) shared dispositive authority with respect to 1,854,888 shares and (ii) shared voting authority with respect to all 9,725,408 shares.

An investment limited liability company with Owl Creek Capital as its managing member and Owl Creek Capital Management as its manager directly owns 2,327,006 shares of the Common Stock. Such 2,327,006 shares of Common stock constitute approximately 1.5% of the outstanding shares of Common Stock, based on 151,593,519 shares of Common Stock outstanding as of April 30, 2009. Of the 2,327,006 shares of Common Stock that such investment limited liability company directly owns, such investment limited liability company has (i) shared dispositive authority with respect to all 2,327,006 shares and (ii) shared voting authority with respect to all 2,327,006 shares. Owl Creek Capital Management and Owl Creek Capital, as the investment manager and managing member, respectively, of the investment limited liability company, may be deemed to share beneficial ownership of all 2,327,006 shares beneficially owned by such investment limited liability company.

Mr. Hecht is the sole member of the managing member of Aspen Advisors and the managing member of each of Owl Creek Capital and Owl Creek Capital Management. Accordingly, Mr. Hecht may be deemed to be the beneficial owner of (i) the 9,725,408 shares of the Common Stock directly owned by EnterAspen and the other private client of Aspen Advisors and (ii) the 2,327,006 shares of the Common Stock directly owned by the investment limited liability company, through its account managed by Owl Creek Capital Management. In addition, Mr. Hecht directly owns and is the beneficial owner of an additional 599,200 shares of Common Stock over which he has sole voting authority and sole dispositive authority. Due to his direct holdings and status as sole member of the managing member of Aspen Advisors and the managing member of each of Owl Creek Capital and Owl Creek Capital Management, Mr. Hecht may be deemed to beneficially own 12,651,614 shares of Common Stock, or approximately 8.3% of the outstanding shares of Common Stock, based on 151,593,519 shares of Common Stock outstanding as of April 30, 2009.

Page 9 of 11


Item 5.	Ownership of Five Percent or Less of a Class.

		NOT APPLICABLE

Item 6.	Ownership of More than Five Percent on Behalf of Another Person.

EnterAspen, a private account of which Aspen Advisors serves as investment manager, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Common Stock.


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.

Page 10 of 11

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.

Dated: June 1, 2009


	ASPEN ADVISORS LLC

	By:	/s/ NIKOS HECHT

		Name: Nikos Hecht
		Title: Managing Member


	ENTERASPEN LIMITED

	By:	ASPEN ADVISORS LLC
		Its Attorney-in-Fact

	By:	/s/ NIKOS HECHT

		Name: Nikos Hecht
		Title: Managing Member


	OWL CREEK CAPITAL LLC

	By:	/s/ NIKOS HECHT

		Name: Nikos Hecht
		Title: Managing Member


	OWL CREEK CAPITAL MANAGEMENT LLC

	By:	/s/ NIKOS HECHT

		Name: Nikos Hecht
		Title: Managing Member


	/s/ NIKOS HECHT

	Nikos Hecht

Page 11 of 11

Exhibit Index


Exhibit 99.1		Joint Filing Agreement, dated as of June 1, 2009, by and among the Reporting Persons

EXHIBIT 99.1

JOINT FILING AGREEMENT

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that he or it knows or has reason to believe that such information is accurate.

Dated June 1, 2009.


	ASPEN ADVISORS LLC

	By:	/s/ NIKOS HECHT

		Name: Nikos Hecht
		Title: Managing Member


	ENTERASPEN LIMITED

	By:	ASPEN ADVISORS LLC
		Its Attorney-in-Fact

	By:	/s/ NIKOS HECHT

		Name: Nikos Hecht
		Title: Managing Member


	OWL CREEK CAPITAL LLC

	By:	/s/ NIKOS HECHT

		Name: Nikos Hecht
		Title: Managing Member


	OWL CREEK CAPITAL MANAGEMENT LLC

	By:	/s/ NIKOS HECHT

		Name: Nikos Hecht
		Title: Managing Member


	/s/ NIKOS HECHT

	Nikos Hecht

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