-----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, IVdnLo8z10JpY7BEhYsxX8lsOU8P0VR1YowrLV0fyZlTvA7+iZEbB3+nVpJCqQqT ZkAJOX//NPv3PXYygSrp7A== 0000902664-07-002373.txt : 20070727 0000902664-07-002373.hdr.sgml : 20070727 20070727090749 ACCESSION NUMBER: 0000902664-07-002373 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070727 DATE AS OF CHANGE: 20070727 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VISTEON CORP CENTRAL INDEX KEY: 0001111335 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 383519512 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-77900 FILM NUMBER: 071004840 BUSINESS ADDRESS: STREET 1: ONE VILLAGE CENTER DRIVE CITY: VAN BUREN TOWNSHIP STATE: MI ZIP: 48111 BUSINESS PHONE: 800-847-8366 MAIL ADDRESS: STREET 1: ONE VILLAGE CENTER DRIVE CITY: VAN BUREN TOWNSHIP STATE: MI ZIP: 48111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Pardus Capital Management L.P. CENTRAL INDEX KEY: 0001337183 IRS NUMBER: 342037131 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1001 AVENUE OF THE AMERICAS STREET 2: SUITE 1001 CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 212-719-7550 MAIL ADDRESS: STREET 1: 1001 AVENUE OF THE AMERICAS STREET 2: SUITE 1001 CITY: NEW YORK STATE: NY ZIP: 10018 SC 13D/A 1 sc13da.txt VISTEON CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Under the Securities Exchange Act of 1934 (Amendment No. 8)* Visteon Corporation ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $1.00 per share ------------------------------------------------------------------------------- (Title of Class of Securities) 92839U107 ------------------------------------------------------------------------------- (CUSIP Number) Mr. Timothy Bass Pardus Capital Management L.P. 590 Madison Avenue, Suite 25E New York, New York 10022 (212) 381-7770 With a copy to: Marc Weingarten, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, New York 10022 (212) 756-2000 ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 24, 2007 ------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 5 Pages) - -------------------------- * 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. 92839U107 SCHEDULE 13D PAGE 2 OF 5 PAGES - ------------------------ ------------------------ - ----------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Pardus Capital Management L.P. - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] Not Applicable - ----------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ----------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------------------- 7 SOLE VOTING POWER 27,000,000 ------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY ------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 27,000,000 ------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 27,000,000 - ----------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 20.8% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA - ----------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------ ------------------------ CUSIP NO. 92839U107 SCHEDULE 13D PAGE 3 OF 5 PAGES - ------------------------ ------------------------ The Schedule 13D filed on May 1, 2006 by Pardus Capital Management L.P., a Delaware limited partnership ("PCM"), relating to the shares of common stock, $1.00 par value (the "Shares"), of Visteon Corporation (the "Issuer"), as amended by Amendment Nos. 1, 2, 3, 4, 5, 6 and 7 to the Schedule 13D, is hereby amended by this Amendment No. 8 to the Schedule 13D. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 3 is hereby amended and restated as follows: All of the funds used to purchase the Shares described in this Schedule 13D came from the working capital of the Fund. A total of approximately $177.3 million was paid to acquire such Shares. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5, paragraphs (a) through (c) of the Schedule 13D are hereby amended and restated as follows: (a) The Reporting Persons beneficially own 27,000,000 Shares, constituting approximately 20.8% of the Shares outstanding. The aggregate percentage of Shares beneficially owned by the Reporting Persons is based upon 129,639,099 Shares outstanding, which is the total number of Shares outstanding as of May 4, 2007 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 9, 2007. (b) PCM possesses sole power to vote and direct the disposition of all of the Shares held by the Fund. Thus, as of the close of business on July 26, 2007, the Reporting Persons may be deemed to beneficially own 27,000,000 Shares, or 20.8% of the Shares deemed issued and outstanding as of that date. (c) The Information concerning transactions in the Shares effected by PCM since the most recent filing on Schedule 13D is set forth in Schedule A hereto and is incorporated by reference. Unless otherwise indicated, all of such transactions were effected in the open market. - ------------------------ ------------------------ CUSIP NO. 92839U107 SCHEDULE 13D PAGE 4 OF 5 PAGES - ------------------------ ------------------------ SIGNATURES 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: July 26, 2007 /s/ Karim Samii ------------------------------ Karim Samii, in his capacity as the sole member of Pardus Capital Management LLC, the sole general partner of Pardus Capital Management L.P. - ------------------------ ------------------------ CUSIP NO. 92839U107 SCHEDULE 13D PAGE 5 OF 5 PAGES - ------------------------ ------------------------ SCHEDULE A Pardus Special Opportunities Master Fund L.P.
Trade Date Shares Purchased (Sold) Price per Share ($, excluding execution costs) - ---------- ----------------------- ---------------------------------------------- 06/06/07 13,400 7.87 06/06/07 3,400 7.88 06/06/07 5,900 7.89 06/06/07 10,900 7.90 06/06/07 2,700 7.92 06/06/07 2,700 7.93 06/06/07 5,200 7.94 06/06/07 41,500 7.95 06/06/07 19,000 7.96 06/06/07 27,100 7.97 06/06/07 9,500 7.98 06/06/07 29,700 7.99 06/06/07 139,300 8.00 06/06/07 14,700 8.01 06/07/07 8,900 7.85 06/07/07 3,200 7.86 06/07/07 8,500 7.87 06/07/07 25,400 7.88 06/07/07 45,400 7.89 06/07/07 21,500 7.90 06/07/07 3,900 7.91 06/07/07 65,400 7.92 06/07/07 6,600 7.93 06/07/07 3,000 7.94 06/07/07 4,800 7.95 06/07/07 2,700 7.96 06/07/07 700 7.97 06/07/07 5,800 7.99 06/07/07 169,200 8.00 06/08/07 2,300 7.81 06/08/07 2,000 7.82 06/08/07 500 7.83 06/08/07 800 7.84 06/08/07 100 7.85 06/08/07 700 7.86 06/08/07 1,200 7.87 06/08/07 1,400 7.88 06/08/07 11,700 7.89 06/08/07 11,500 7.90 06/08/07 9,900 7.91 06/08/07 15,000 7.92 06/08/07 29,300 7.93 06/08/07 13,700 7.94 06/08/07 36,300 7.95 06/08/07 7,100 7.96 06/08/07 1,000 7.97 06/08/07 400 7.98 06/08/07 7,100 7.99 06/08/07 11,400 8.00 06/08/07 5,300 8.01 06/08/07 60,900 8.02 06/08/07 24,900 8.03 06/08/07 14,200 8.04 06/08/07 31,300 8.05 07/23/07 300 7.10 07/23/07 44,605 7.11 07/23/07 33,495 7.12 07/23/07 3,400 7.13 07/23/07 22,100 7.14 07/23/07 67,400 7.15 07/23/07 28,700 7.16 07/24/07 8,300 7.01 07/24/07 96,600 7.02 07/24/07 7,500 7.04 07/24/07 47,500 7.05 07/24/07 8,700 7.06 07/24/07 5,500 7.07 07/24/07 11,300 7.08 07/24/07 82,200 7.09 07/24/07 247,900 7.10 07/24/07 100 7.11 07/24/07 13,300 7.12 07/24/07 134,000 7.13 07/24/07 36,100 7.14 07/24/07 92,200 7.15 07/24/07 8,800 7.16 07/25/07 900 7.03 07/25/07 19,315 7.04 07/25/07 85,996 7.05 07/25/07 73,989 7.06 07/25/07 55,900 7.07 07/25/07 7,900 7.08 07/25/07 6,000 7.09 07/25/07 19,400 7.11 07/25/07 31,600 7.12 07/25/07 14,800 7.13 07/25/07 21,400 7.14 07/25/07 85,100 7.15 07/25/07 1,100 7.16 07/25/07 300 7.17 07/25/07 1,300 7.18 07/25/07 2,400 7.19 07/25/07 26,900 7.20 07/25/07 37,700 7.21 07/25/07 41,400 7.22 07/25/07 54,300 7.23 07/25/07 7,800 7.24 07/25/07 71,100 7.25 07/25/07 87,000 7.26 07/25/07 19,700 7.27 07/25/07 89,100 7.28 07/25/07 11,400 7.29 07/25/07 376,200 7.30 07/26/07 15,000 6.60 07/26/07 28,100 6.61 07/26/07 3,900 6.62 07/26/07 4,100 6.63 07/26/07 4,900 6.64 07/26/07 19,800 6.65 07/26/07 4,200 6.66 07/26/07 2,500 6.67 07/26/07 9,200 6.68 07/26/07 20,300 6.69 07/26/07 42,900 6.70 07/26/07 3,400 6.71 07/26/07 9,700 6.72 07/26/07 10,900 6.73 07/26/07 15,700 6.74 07/26/07 39,900 6.75 07/26/07 22,800 6.76 07/26/07 78,000 6.77 07/26/07 73,400 6.78 07/26/07 56,400 6.79 07/26/07 155,200 6.80 07/26/07 4,300 6.81 07/26/07 8,800 6.82 07/26/07 2,000 6.83 07/26/07 1,000 6.84 07/26/07 800 6.85 07/26/07 2,500 6.86 07/26/07 300 6.87 07/26/07 33,900 6.88 07/26/07 13,700 6.89 07/26/07 24,179 6.90 07/26/07 13,721 6.91 07/26/07 12,400 6.92 07/26/07 4,800 6.93 07/26/07 2,600 6.94 07/26/07 2,700 6.95 07/26/07 2,000 6.96
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