0001169232-05-001519.txt : 20120626
0001169232-05-001519.hdr.sgml : 20120626
20050307120630
ACCESSION NUMBER: 0001169232-05-001519
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050307
DATE AS OF CHANGE: 20050307
GROUP MEMBERS: ISRAEL A. ENGLANDER
GROUP MEMBERS: MILLENNIUM MANAGEMENT, L.L.C.
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: CRESCENT OPERATING INC
CENTRAL INDEX KEY: 0001035426
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 752701931
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-51205
FILM NUMBER: 05663196
BUSINESS ADDRESS:
STREET 1: 777 MAIN ST
STREET 2: STE 2100
CITY: FORT WORTH
STATE: TX
ZIP: 74102
BUSINESS PHONE: 8178870477
FORMER COMPANY:
FORMER CONFORMED NAME: NEW CRESCENT INC
DATE OF NAME CHANGE: 19970311
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: MILLENCO LP/NY
CENTRAL INDEX KEY: 0001132413
IRS NUMBER: 133532932
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: 666 FIFTH AVENUE 8TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10103
MAIL ADDRESS:
STREET 1: 666 FIFTH AVENUE 8TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10103
SC 13G/A
1
d62849_sc13g-a.txt
AMENDMENT NO. 3
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
CRESCENT OPERATING, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
22575M100
(CUSIP NUMBER)
January 18, 2005
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| 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 9 Pages
CUSIP No. 22575M100 13G Page 2 of 9 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Millenco, L.P.
13-3532932
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN,BD
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 22575M100 13G Page 3 of 9 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Millennium Management, L.L.C.
13-3804139
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 22575M100 13G Page 4 of 9 Pages
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Israel A. Englander
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES -0-
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 22575M100 13G Page 5 of 9 Pages
Item 1.
(a) Name of Issuer
CRESCENT OPERATING, INC., a Delaware corporation (the "Company").
(b) Address of Issuer's Principal Executive Offices:
777 Taylor Street, Suite 2100, Fort Worth, TX 74102
Item 2(a). Name of Person Filing
Item 2(b). Address of Principal Business Office
Item 2(c). Citizenship
Millenco, L.P.
c/o Millennium Management, L.L.C.
666 Fifth Avenue
New York, New York 10103
Citizenship: Delaware
Millennium Management, L.L.C.
666 Fifth Avenue
New York, New York 10103
Citizenship: Delaware
Israel A. Englander
c/o Millennium Management, L.L.C.
666 Fifth Avenue
New York, New York 10103
Citizenship: United States
(d) Title of Class of Securities
Common Stock ("Common Stock")
(e) CUSIP Number
22575M100
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person filing is a:
(a) |X| Broker or dealer registered under Section 15 of the Act (15 U.S.C.
78o).
(b) |_| Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) |_| Insurance company as defined in Section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) |_| Investment company registered under Section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) |_| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
CUSIP No. 22575M100 13G Page 6 of 9 Pages
(g) |X| A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(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
(15 U.S.C. 80a-3);
(j) |X| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. |_|
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
Crescent Operating, Inc. announced on January 18, 2005 the consummation of
its plan of reorganization under the United States Bankruptcy Code, and as a
consequence thereof all of the outstanding shares of Company Common Stock have
been cancelled and retired and exchanged for shares of beneficial interest in
Crescent Real Estate Equities Company. Therefore, as of the date of this filing,
each Reporting Person may be deemed to be the beneficial owner of -0- shares of
Common Stock owned outright by Millenco, L.P., a Delaware limited partnership
("Millenco").
Millennium Management, L.L.C., a Delaware limited liability company
("Millennium Management"), is the general partner of Millenco, and consequently
may be deemed to have voting control and investment discretion over securities
owned by Millenco. Israel A. Englander ("Mr. Englander") is the managing member
of Millennium Management. As a result, Mr. Englander may be deemed to be the
beneficial owner of any shares deemed to be beneficially owned by Millennium
Management. The foregoing should not be construed in and of itself as an
admission by Millennium Management or Mr. Englander as to beneficial ownership
of the shares owned by Millenco.
Note: Millennium Partners, L.P., a Cayman Islands limited partnership
("Partners"), is a limited partner of Millenco. As a limited partner, Partners
has no investment or voting control over Millenco or its securities positions.
(b) Percent of Class
0.0%.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
-0-
(ii) Shared power to vote or to direct the vote
-0- shares of Common Stock
CUSIP No. 22575M100 13G Page 7 of 9 Pages
(iii) Sole power to dispose or to direct the disposition of
-0-
(iv) Shared power to dispose or to direct the disposition of
-0- shares of Common Stock
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following |X|
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
Not applicable.
Item 8. Identification and Classification of Members of the Group
See Exhibit I.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below each of the undersigned certifies that, to the best of its
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.
Exhibits:
Exhibit I: Joint Filing Agreement, dated as of March 4, 2005, by and among
Millenco, L.P., Millennium Management, L.L.C. and Israel A. Englander.
CUSIP No. 22575M100 13G Page 8 of 9 Pages
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each of
the undersigned certifies that the information with respect to it set forth in
this statement is true, complete, and correct.
Dated: March 4, 2005
MILLENCO, L.P.
By: Millennium Management, L.L.C.
its general partner
By: /s/ Terry Feeney
------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
MILLENNIUM MANAGEMENT, L.L.C.
By: /s/ Terry Feeney
------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
/s/ Israel A. Englander
---------------------------------
Israel A. Englander
CUSIP No. 22575M100 13G Page 9 of 9 Pages
EXHIBIT I
JOINT FILING AGREEMENT
This will confirm the agreement by and among the undersigned that the Schedule
13G filed with the Securities and Exchange Commission on or about the date
hereof with respect to the beneficial ownership by the undersigned of the Common
Stock of CRESCENT OPERATING, INC., a Delaware corporation, is being filed, and
all amendments thereto will be filed, on behalf of each of the persons and
entities named below in accordance with Rule 13d-1(k) under the Securities
Exchange Act of 1934, as amended. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
Dated: March 4, 2005
MILLENCO, L.P.
By: Millennium Management, L.L.C.
its general partner
By: /s/ Terry Feeney
------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
MILLENNIUM MANAGEMENT, L.L.C.
By: /s/ Terry Feeney
------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
/s/ Israel A. Englander
---------------------------------
Israel A. Englander