UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13(d)-2(b)
Pinnacle Airlines Corp. |
(Name of Issuer)
Common Stock |
(Title of Class of Securities)
723443107 |
(CUSIP Number)
April 30, 2012 |
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
* | The remainder of this cover page shall be filled out for a reporting persons 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).
Page 1 of 12 Pages
CUSIP No. 723443107 | Page 2 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS. The Pabrai Investment Fund II, L.P. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
| |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
0 | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
0 | |||||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 | |||||
10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨ | |||||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% | |||||
12 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 723443107 | Page 3 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS. Pabrai Investment Fund 3, Ltd. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
| |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
0 | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
0 | |||||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 | |||||
10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨ | |||||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% | |||||
12 |
TYPE OF REPORTING PERSON
CO |
CUSIP No. 723443107 | Page 4 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS. Dalal Street, LLC I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
| |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
California | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
0 | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
0 | |||||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 | |||||
10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨ | |||||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% | |||||
12 |
TYPE OF REPORTING PERSON
CO |
CUSIP No. 723443107 | Page 5 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS. Harina Kapoor I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
| |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
0 | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
0 | |||||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 | |||||
10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨ | |||||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% | |||||
12 |
TYPE OF REPORTING PERSON
IN |
CUSIP No. 723443107 | Page 6 of 12 Pages |
1 |
NAMES OF REPORTING PERSONS. Mohnish Pabrai I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
| |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x
| |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
0 | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
0 | |||||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 | |||||
10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨ | |||||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% | |||||
12 |
TYPE OF REPORTING PERSON
IN |
CUSIP No. 723443107
|
Page 7 of 12 Pages |
Item 1. (a) | Name of Issuer. Pinnacle Airlines Corp. |
Item 1. (b) | Address of Issuers Principal Executive Offices. 1689 Nonconnah Blvd |
Ste 111
Memphis, TN 38132
Item 2. (a) | Name of Person Filing. |
This Schedule 13G/A is filed on behalf of The Pabrai Investment Fund II, L.P., an Illinois limited partnership (PIF2), Pabrai Investment Fund 3, Ltd., a British Virgin Islands corporation (PIF3), Dalal Street, LLC, a California limited liability company (Dalal Street) and general partner of PIF2 and sole investment manager of PIF3, Harina Kapoor, and Mohnish Pabrai, managing member of Dalal Street and a shareholder and president of PIF3 (collectively, the Reporting Persons), pursuant to a Joint Reporting Agreement dated May 10, 2012, filed by the Reporting Persons as Exhibit A to this Schedule 13G/A.
Item 2. (b) | Address of Principal Business Office or, if none, Residence. |
1220 Roosevelt
Suite 200
Irvine, CA 92620-3667
Item 2. (c) | Citizenship. |
PIF2 is an Illinois limited partnership. PIF3 is a British Virgin Islands corporation. Dalal Street is a California limited liability company. Mohnish Pabrai and Harina Kapoor are United States citizens.
Item 2. (d) | Title of Class of Securities. Common Stock |
Item 2. (e) | CUSIP Number. 723443107 |
Item 3. | If this Statement is filed pursuant to Rule 13d-1(b), 13d-2(b) or (c), check whether the person filing is a: |
Not applicable. |
Item 4. | Ownership. |
(a) and (b).
This Schedule 13G/A shall not be construed as an admission that any Reporting Person is, either for purposes of Section 13(d) or 13(g) of the Exchange Act of 1934, as amended (the Act) or for other purposes, is the beneficial owner of any securities covered by this statement. By virtue of the relationships between and among (i) Dalal Street in its capacity as the General Partner and Investment Manager of PIF2 and PIF3, respectively,
CUSIP No. 723443107
|
Page 8 of 12 Pages |
(ii) Mohnish Pabrai, in his capacity as the managing member of Dalal Street and (iii) the other Reporting Persons, as further described in Item 2(a), each of the Reporting Persons may be deemed to be the beneficial owner of all or a portion of the shares of Common Stock held by the other Reporting Persons. Because of the relationships described in Item 2(a), the Reporting Persons may be deemed to constitute a group within the meaning of Rule 13d-5 under the Act, and as such, each member of the group would be deemed to beneficially own, in the aggregate, all the shares of Common Stock held by members of the group. The Reporting Persons disclaim membership in a group and disclaim beneficial ownership of any of the shares of Common Stock except as follows.
Reporting Person |
Common Stock Beneficially Owned |
% of Class () | ||
The Pabrai Investment Fund II, L.P. |
0 | 0% | ||
Pabrai Investment Fund 3, Ltd. |
0 | 0% | ||
Dalal Street, LLC |
0 | 0% | ||
Harina Kapoor |
0 | 0% | ||
Mohnish Pabrai |
0 | 0% |
All percentages in this table are based on the 19,127,691 shares of Common Stock of Pinnacle Airlines Corp. issued and outstanding as of November 1, 2011, as reported in the Form 10-Q for the quarterly period ended September 30, 2011 filed by Pinnacle Airlines Corp. with the Securities and Exchange Commission on November 4, 2011.
(c) Dalal Street and Mohnish Pabrai, in his capacity as managing member of Dalal Street have the shared power to vote or to direct the vote and the shared power to dispose or to direct the disposition of the shares of Common Stock set forth opposite the name of each of PIF2 and PIF3 in the table above. Dalal Street and Mohnish Pabrai disclaim beneficial ownership of any such shares of Common Stock except to the extent of their pecuniary interest therein, if any. Harina Kapoor, in her capacity as account holder, and Mohnish Pabrai, in his capacity as husband and advisor, have the shared power to vote or to direct the vote and the shared power to dispose or to direct the disposition of the shares of Common Stock held by Harina Kapoor, and Mohnish Pabrai disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
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 |
CUSIP No. 723443107
|
Page 9 of 12 Pages |
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 or Control Person. |
Not applicable. |
Item 8. | Identification and Classification of Members of the Group. |
This Schedule 13G/A is being filed jointly pursuant to Rule 13d-1(k). As a result of the relationships among the Reporting Persons described herein, some or all of the Reporting Persons may be deemed to comprise a group within the meaning of Section 13 of the Act and the Rules promulgated thereunder. However, the Reporting Persons deny such group status. |
Item 9. | Notice of Dissolution of Group. |
Not applicable. |
Item 10. | Certifications. |
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. |
CUSIP No. 723443107 | Page 10 of 12 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: May 10, 2012
THE PABRAI INVESTMENT FUND II, L.P.
By: Dalal Street, LLC, Its General Partner
By: | /s/ Mohnish Pabrai | |||||||
Mohnish Pabrai, Chief Executive Officer |
PABRAI INVESTMENT FUND 3, LTD.
By: | /s/ Mohnish Pabrai | |||
Mohnish Pabrai, President |
DALAL STREET, LLC
By: | /s/ Mohnish Pabrai | |||
Mohnish Pabrai, Chief Executive Officer |
/s/ Harina Kapoor |
Harina Kapoor |
/s/ Mohnish Pabrai |
Mohnish Pabrai |
CUSIP No. 723443107 | Page 11 of 12 Pages |
EXHIBIT INDEX
EXHIBIT | DESCRIPTION | |
EXHIBIT A | JOINT REPORTING AGREEMENT |
CUSIP No. 723443107 | Page 12 of 12 Pages |
EXHIBIT A
JOINT REPORTING AGREEMENT
This will confirm the agreement by and among the undersigned that the Schedule 13G/A filed on or about this date with respect to the beneficial ownership of the undersigned of shares of Common Stock of Pinnacle Airlines Corp. is being filed on behalf of each of the parties named below.
Dated: May 10, 2012
THE PABRAI INVESTMENT FUND II, L.P.
By: Dalal Street, LLC, Its General Partner
By: | /s/ Mohnish Pabrai | |||||||
Mohnish Pabrai, Chief Executive Officer |
PABRAI INVESTMENT FUND 3, LTD.
By: | /s/ Mohnish Pabrai | |||
Mohnish Pabrai, President |
DALAL STREET, LLC
By: | /s/ Mohnish Pabrai | |||
Mohnish Pabrai, Chief Executive Officer |
/s/ Harina Kapoor |
Harina Kapoor |
/s/ Mohnish Pabrai |
Mohnish Pabrai |