-----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, KoCgOJef6WN2XDOioE2X2UFl0OGdWJ7MD9kui41GXWorptoMQt6lZau7frCx/lP8 PUJ7zNIfT3Rl7ufs/I9ucA== 0000921530-06-000023.txt : 20060118 0000921530-06-000023.hdr.sgml : 20060118 20060117194336 ACCESSION NUMBER: 0000921530-06-000023 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060118 DATE AS OF CHANGE: 20060117 GROUP MEMBERS: TCS CAPITAL GP, LLC GROUP MEMBERS: TCS CAPITAL INTERNATIONAL, LTD. GROUP MEMBERS: TCS CAPITAL INVESTMENTS, LP GROUP MEMBERS: TCS CAPITAL MANAGEMENT, LLC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SEMLER ERIC CENTRAL INDEX KEY: 0001162095 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O PALI CAPITAL STREET 2: 350 PARK AVE 4TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 650 9811 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WorldSpace, Inc CENTRAL INDEX KEY: 0001315054 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 521732881 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80914 FILM NUMBER: 06534200 BUSINESS ADDRESS: STREET 1: 2400 N STREET, NW CITY: WASHINGTON STATE: DC ZIP: 20037 BUSINESS PHONE: (202)969-6000 MAIL ADDRESS: STREET 1: 2400 N STREET, NW CITY: WASHINGTON STATE: DC ZIP: 20037 SC 13G/A 1 world_13ga-011706.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* WORLDSPACE, INC. ---------------- (Name of Issuer) Class A Common Stock -------------------- (Title of Class of Securities) 981579105 ----------- (CUSIP Number) January 1, 2006 ---------------- (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 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 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). Continued on following pages Page 1 of 13 Pages SCHEDULE 13G CUSIP NO. 981579105 PAGE 2 OF 13 PAGES 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) TCS CAPITAL INTERNATIONAL, LTD. 2 Check the Appropriate Box If a Member of a Group (See Instructions) a. [ ] b. [X] 3 SEC Use Only 4 Citizenship or Place of Organization CAYMAN ISLANDS 5 Sole Voting Power Number of 0 Shares Beneficially 6 Shared Voting Power Owned By 0 Each Reporting 7 Sole Dispositive Power Person 0 With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 0 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11 Percent of Class Represented By Amount in Row (9) 0% 12 Type of Reporting Person (See Instructions) CO CUSIP NO. 981579105 PAGE 3 OF 13 PAGES 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) TCS CAPITAL MANAGEMENT, LLC 2 Check the Appropriate Box If a Member of a Group (See Instructions) a. [ ] b. [X] 3 SEC Use Only 4 Citizenship or Place of Organization DELAWARE 5 Sole Voting Power Number of 0 Shares Beneficially 6 Shared Voting Power Owned By 0 Each Reporting 7 Sole Dispositive Power Person 0 With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 0 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11 Percent of Class Represented By Amount in Row (9) 0% 12 Type of Reporting Person (See Instructions) OO CUSIP NO. 981579105 PAGE 4 OF 13 PAGES 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) TCS CAPITAL INVESTMENTS, LP 2 Check the Appropriate Box If a Member of a Group (See Instructions) a. [ ] b. [X] 3 SEC Use Only 4 Citizenship or Place of Organization CAYMAN ISLANDS 5 Sole Voting Power Number of 1,128,408 Shares Beneficially 6 Shared Voting Power Owned By 0 Each Reporting 7 Sole Dispositive Power Person 1,128,408 With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,128,408 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11 Percent of Class Represented By Amount in Row (9) 5.8% 12 Type of Reporting Person (See Instructions) PN CUSIP NO. 981579105 PAGE 5 OF 13 PAGES 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) TCS CAPITAL GP, LLC 2 Check the Appropriate Box If a Member of a Group (See Instructions) a. [ ] b. [X] 3 SEC Use Only 4 Citizenship or Place of Organization DELAWARE 5 Sole Voting Power Number of 1,564,691 Shares Beneficially 6 Shared Voting Power Owned By 0 Each Reporting 7 Sole Dispositive Power Person 1,564,691 With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,564,691 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11 Percent of Class Represented By Amount in Row (9) 8.1% 12 Type of Reporting Person (See Instructions) OO CUSIP NO. 981579105 PAGE 6 OF 13 PAGES 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) ERIC SEMLER 2 Check the Appropriate Box If a Member of a Group (See Instructions) a. [ ] b. [X] 3 SEC Use Only 4 Citizenship or Place of Organization UNITED STATES 5 Sole Voting Power Number of 1,564,691 Shares Beneficially 6 Shared Voting Power Owned By 0 Each Reporting 7 Sole Dispositive Power Person 1,564,691 With 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,564,691 10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11 Percent of Class Represented By Amount in Row (9) 8.1% 12 Type of Reporting Person (See Instructions) HC CUSIP NO. 981579105 PAGE 7 OF 13 PAGES ITEM 1(A) NAME OF ISSUER: WorldSpace, Inc. (the "Issuer") ITEM 1(B) ADDRESS OF THE ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 8515 Georgia Avenue, Silver Spring, Maryland 20910 ITEM 2(A) NAME OF PERSON FILING: The Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i) TCS Capital International, Ltd. ("TCS Capital International"); ii) TCS Capital Management, LLC ("TCS Capital Management"); iii) TCS Capital Investments, LP ("TCS Capital Investments"); iv) TCS Capital GP, LLC ("TCS Capital GP"); and v) Eric Semler ("Mr. Semler"). This Statement relates to Shares (as defined herein) held for the accounts of TCS Capital International, TCS Capital Investments, LP, TCS Capital, LP, a Delaware limited partnership ("TCS Capital"), and TCS Capital II, LP, a Delaware limited partnership ("TCS Capital II"). TCS Capital GP is the general partner of each of TCS Capital Investments, TCS Capital and TCS Capital II. In his capacity as the managing member of TCS Capital GP, Mr. Semler may be deemed to have investment discretion over, and may be deemed to be the beneficial owner of, securities held for the accounts of TCS Capital Investments, TCS Capital and TCS Capital II. TCS Capital Management is the former investment manager of TCS Capital International. ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of each of the Reporting Persons is 888 Seventh Avenue, Suite 1504, New York, NY 10019. ITEM 2(C) CITIZENSHIP: 1) TCS Capital International is a Cayman Islands corporation; 2) TCS Capital Management is a Delaware limited liability company; 3) TCS Capital Investments is a Cayman Islands exempted limited partnership; 4) TCS Capital GP is a Delaware limited liability company; and 5) Mr. Eric Semler is a citizen of the United States. CUSIP NO. 981579105 PAGE 8 OF 13 PAGES ITEM 2(D) TITLE OF CLASS OF SECURITIES: Class A Common Stock, par value $0.01 per share (the "Shares"). Item 2(e) CUSIP Number: 981579105 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: This Item 3 is not applicable. ITEM 4. OWNERSHIP: ITEM 4(A) AMOUNT BENEFICIALLY OWNED: i) As of January 1, 2006, neither TCS Capital International nor TCS Capital Management may be deemed to be the beneficial owner of any Shares. ii) As of January 1, 2006, TCS Capital Investments may be deemed to be the beneficial owner of 1,128,408 Shares. iii) As of January 1, 2006, each of TCS Capital GP and Mr. Semler may be deemed to be the beneficial owner of 1,564,691 Shares. This number consists of (A) 1,128,408 Shares held for the account of TCS Capital Investments, (B) 59,780 Shares held for the account of TCS Capital, and (C) 376,503 Shares held for the account of TCS Capital II. ITEM 4(B) PERCENT OF CLASS: i) The number of Shares of which each of TCS Capital International and TCS Capital Management may be deemed to beneficially own constitutes 0% of the total number of Shares outstanding. ii) The number of Shares TCS Capital Investments may be deemed to beneficially own constitutes approximately 5.8% of the total Shares outstanding. (Based upon information provided by the Issuer in its most recently-filed quarterly report on Form 10-Q, the number of Shares outstanding was 19,321,332 as of November 8, 2005). iii) The number of Shares each of TCS Capital GP and Mr. Semler may be deemed to beneficially own constitutes approximately 8.1% of the total number of Shares outstanding. CUSIP NO. 981579105 PAGE 9 OF 13 PAGES
ITEM 4(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: TCS CAPITAL INTERNATIONAL ------------------------- (i) Sole power to vote or direct the vote 0 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 0 (iv) Shared power to dispose or to direct the disposition of 0 TCS CAPITAL MANAGEMENT ---------------------- (i) Sole power to vote or direct the vote 0 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 0 (iv) Shared power to dispose or to direct the disposition of 0 TCS CAPITAL INVESTMENTS ----------------------- (i) Sole power to vote or direct the vote 1,128,408 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 1,128,408 (iv) Shared power to dispose or to direct the disposition of 0 MR. SEMLER ---------- (i) Sole power to vote or direct the vote 1,564,691 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 1,564,691 (iv) Shared power to dispose or to direct the disposition of 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: As of the date hereof, each of TCS Capital International and TCS Capital Management has ceased to be the beneficial owner of more than five percent of the Shares. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: The partners of TCS Capital Investments have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the account of TCS Capital Investments in accordance with their ownership interests in TCS Capital Investments. CUSIP NO. 981579105 PAGE 10 OF 13 PAGES ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON: This Item 7 is not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: This Item 8 is not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP: This Item 9 is not applicable. ITEM 10. CERTIFICATION: By signing below each of the Reporting Persons certifies that, to the best of such person's 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 such securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect. SCHEDULE 13G CUSIP NO. 981579105 PAGE 11 OF 13 PAGES SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date: January 13, 2006 TCS CAPITAL INTERNATIONAL, LTD. By: TCS Capital Management, LLC its Investment Manager By: /s/ Eric Semler ----------------------------------- Name: Eric Semler Title: Managing Member Date: January 13, 2006 TCS CAPITAL MANAGEMENT, LLC By: /s/ Eric Semler ----------------------------------- Name: Eric Semler Title: Managing Member Date: January 13, 2006 TCS CAPITAL INVESTMENTS, LP By: TCS Capital GP, LLC, its General Partner By: /s/ Eric Semler ----------------------------------- Name: Eric Semler Title: Managing Member Date: January 13, 2006 TCS CAPITAL GP, LLC By: /s/ Eric Semler ----------------------------------- Name: Eric Semler Title: Managing Member Date: January 13, 2006 ERIC SEMLER By: /s/ Eric Semler -----------------------------------
SCHEDULE 13G CUSIP NO. 981579105 PAGE 12 OF 13 PAGES EXHIBIT INDEX Page No. A. Joint Filing Agreement, dated as of January 13, 2006, by and among Mr. Eric Semler, TCS Capital Management, LLC, TCS Capital International, Ltd., TCS Capital Investments, LP and TCS Capital GP, 13 LLC. SCHEDULE 13G CUSIP NO. 981579105 PAGE 13 OF 13 PAGES EXHIBIT A JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the Class A Common Stock of WorldSpace, Inc., dated as of January 13, 2006, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.
Date: January 13, 2006 TCS CAPITAL INTERNATIONAL, LTD. By: TCS Capital Management, LLC its Investment Manager By: /s/ Eric Semler -------------------------------------- Name: Eric Semler Title: Managing Member Date: January 13, 2006 TCS CAPITAL MANAGEMENT, LLC By: /s/ Eric Semler -------------------------------------- Name: Eric Semler Title: Managing Member Date: January 13, 2006 TCS CAPITAL INVESTMENTS, LP By: TCS Capital Group, LLC its General Partner By: /s/ Eric Semler -------------------------------------- Name: Eric Semler Title: Managing Member Date: January 13, 2006 TCS CAPITAL GP, LLC By: /s/ Eric Semler -------------------------------------- Name: Eric Semler Title: Managing Member Date: January 13, 2006 ERIC SEMLER By: /s/ Eric Semler --------------------------------------
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