-----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, KspcXApNJJlkZ1xc7VZNVu6L+54eYyiiFpUGMg2hFmQ+HgALC3u+mx3zfjHh0sCL MBpWs8F5+6obAA8mLerI5Q== 0001017918-96-000008.txt : 19961010 0001017918-96-000008.hdr.sgml : 19961010 ACCESSION NUMBER: 0001017918-96-000008 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19961009 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN MOBILE SATELLITE CORP CENTRAL INDEX KEY: 0000913665 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 930976127 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-42503 FILM NUMBER: 96641280 BUSINESS ADDRESS: STREET 1: 10802 PARKRIDGE BLVD CITY: RESTON STATE: VA ZIP: 22091 BUSINESS PHONE: 7037586000 MAIL ADDRESS: STREET 1: 10802 PARKRIDGE BLVD CITY: RESTON STATE: VA ZIP: 22091 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BANCO INC CENTRAL INDEX KEY: 0001017918 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 450 PARK AVENUE, SUITE 2800 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127597700 MAIL ADDRESS: STREET 1: 450 PARK AVENUE SUITE 2800 CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 SCHEDULE 13D, AMENDMENT NO. 4 Page 1 of 7 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)* AMERICAN MOBILE SATELLITE CORPORATION ----------------------------------------------------- (Name of Issuer) COMMON STOCK ----------------------------------------------------- (Title of Class of Securities) 02755R103 ----------------------------------------------------- (CUSIP Number) Linda S. Martinson, Esq. (212) 583-2000 767 Fifth Avenue, 24th Floor, New York, NY 10153 ----------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) ----------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *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). SEC 1746 (12-91) Schedule 13D Amendment No. 4(continued) CUSIP No. 02755R103 Page 2 of 7 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ronald Baron - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(C) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 982,533* BENEFICIALLY -------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 2,565,000 REPORTING -------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 982,533* -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,565,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,547,533* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.8%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT * Includes 625,000 warrant shares. Page 3 of 7 Pages Item 1. Security and Issuer (a) Name of Issuer: American Mobile Satellite Corporation (b) Address of Issuer's Principal Executive Offices: 10802 Parkridge Boulevard Reston, VA 22091 (c) Title and Class of Securities: Common Stock Item 2. Identity and Background (a) Name: Ronald Baron (b) Business Address: 767 Fifth Avenue 24th Floor New York, NY 10153 (c) Present Principal Employment: President: Baron Capital Management, Inc., BAMCO, Inc., Baron Capital, Inc. 767 Fifth Avenue 24th Floor New York, NY 10153 (d) Record of Convictions: No material change. (e) Record of Civil Proceedings: No material change. (f) Citizenship: No material change. Item 3. Source and Amount of Funds or Other Consideration Reporting Person owns 42,533 shares of the Issuer directly, paid for with cash for an aggregate purchase price of $795,199. As General Partner of Baron Capital Partners, L.P. and Baron Investment Partners, L.P.(the "Partnerships"), investment partnerships, he directed the purchase of 315,000 shares for the account of the Partnerships for an aggregate purchase price of $4,427,963. Those shares were paid for by cash assets in the Partnerships' accounts and by margin borrowings pursuant to the standard margin agreement of Spear, Leeds & Kellogg. BCP also has a warrant to purchase 625,000 shares of the Issuer which was issued in connection with a guaranty of certain obligations of the Issuer as previously disclosed. An additional 2,163,000 shares were purchased for an aggregate purchase price of $37,628,628 for the accounts of two investment companies registered under the Investment Company Act of 1940, Baron Asset Fund and Baron Growth & Income Fund, (the "Baron Funds"), which are advised by BAMCO, Inc. ("BAMCO"), a registered investment adviser which is controlled by Ronald Baron. An additional 402,000 shares were purchased for an aggregate purchase price of $7,464,925 for the accounts of investment advisory clients of Page 4 of 7 Pages Baron Capital Management, Inc.("BCM") a registered investment adviser controlled by Ronald Baron. All of those shares were paid for by cash the assets in the accounts of the investment companies and advisory clients. Item 4. Purpose of Transaction No material change. Item 5. Interest in Securities of the Issuer (a) Amount and percentage beneficially owned: Reporting Person: (i) 2,565,000 shares in his capacity as a controlling person of BAMCO and BCM . Reporting Person disclaims that he is the beneficial owner of these shares. (ii) 315,000 shares, plus 625,000 shares pursuant to the warrant, in his capacity as General Partner of the Partnerships. (iii) 42,533 shares personally. (b) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 982,533* (ii) shared power to vote or direct the vote: 2,565,000 (iii) sole power to dispose or to direct the disposition: 982,533* (iv) shared power to dispose or direct the disposition: 2,565,000 Reporting Person may be deemed to share power to vote and dispose of shares referred to herein as a result of his control of the investment advisers for whose advisory clients he is reporting. He may be deemed to have sole power to vote and direct the disposition of the shares referred to above to by reason of being a general partner of BCP (c) A schedule of transactions effected in the last sixty days is attached hereto. (d) Ownership of More than Five Percent on Behalf of Another Person: The investment advisory clients have the right to receive the dividends from, or the proceeds from the sale of the securities in their respective accounts. To the best of Reporting Person's knowledge, no person has such interest relating to more than 5% of the outstanding class of securities, except that Baron Asset Fund, an investment company registered under the Investment Company Act of 1940 and an advisory client of BAMCO, owns 1,933,000 (6.5%) of the shares reported herein. (e) Ownership of Less than Five Percent: Not applicable. * Includes 625,000 warrant shares. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer No material change. Page 5 of 7 Pages Item 7. Material to be Filed as Exhibits Exhibit 99 - 60 days of trading. 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. Date: October 9, 1996 /s/ Ronald Baron _______________________________________ Ronald Baron EX-99 2 60-DAY TRANSACTION SCHEDULE Transaction Schedule From 08-08-96 to 10-08-96 Exec. Date Account ID Quantity Price - -------- -------- -------- -------- 08-09-96 baf 40,000 12.1250 08-15-96 baf 5,000 11.7500 08-15-96 baf 5,000 11.6250 08-15-96 baf 5,000 11.0000 08-16-96 baf 2,000 10.8750 08-16-96 baf 4,000 10.9490 08-16-96 bcm4 2,500 10.9490 08-16-96 bgi 2,000 10.9490 08-20-96 baf 1,500 11.5000 08-20-96 baf 1,500 11.3750 08-20-96 bgi 1,500 11.5000 08-20-96 bgi 1,500 11.3750 08-21-96 bcm4 2,500 11.3750 08-21-96 bcm4 1,700 11.3750 08-21-96 bgi 3,000 11.3750 08-21-96 bip 2,500 11.3750 08-22-96 baf 3,000 12.2500 08-22-96 bcm4 500 11.7500 08-23-96 baf 3,000 12.3750 08-26-96 baf 45,300 12.7500 08-26-96 bcm4 3,800 12.7500 08-26-96 bcm4 4,000 12.7500 08-26-96 bcm4 1,600 12.7500 08-26-96 bcm4 4,000 12.7500 08-26-96 bcm4 5,000 12.7500 08-26-96 bcm4 5,000 12.7500 08-26-96 bgi 2,000 12.7500 08-26-96 bip 2,500 12.7500 08-27-96 baf 10,000 13.0000 08-27-96 baf 9,700 13.0000 08-27-96 bip 5,000 13.0000 08-28-96 baf 15,000 13.0000 08-28-96 bgi 5,000 13.0000 08-29-96 baf 10,000 13.0000 08-29-96 bgi 5,000 13.0000 08-30-96 baf 5,000 13.2500 08-30-96 baf 900 13.0000 09-04-96 baf 9,100 14.1250 09-04-96 baf 5,000 13.8075 09-04-96 bgi 5,000 14.1250 09-05-96 baf 5,000 13.7500 09-05-96 bcm4 5,000 13.7500 09-05-96 bcm4 2,500 13.7500 09-06-96 baf 10,000 14.1250 09-06-96 bcm4 5,000 13.8750 09-06-96 bcm4 5,000 13.8750 09-06-96 bgi 5,000 14.1250 09-09-96 baf 10,000 14.7237 09-09-96 bcm4 4,000 14.7237 09-09-96 bcp 5,000 14.7237 09-10-96 baf 11,000 15.0000 09-10-96 bcm4 4,000 15.0000 09-12-96 baf 5,000 15.0000 09-12-96 baf 9,000 14.9688 09-12-96 bgi 3,000 14.9688 09-13-96 baf 10,000 14.6477 09-13-96 baf 5,000 14.2500 09-13-96 bcm4 10,000 14.6477 09-13-96 bfa 700 14.2500 09-13-96 bfa 700 14.2500 09-13-96 bgi 2,000 14.6477 09-16-96 baf 10,000 14.3750 09-16-96 bcm4 10,000 14.3750 09-18-96 baf 10,000 14.3750 09-18-96 bcm4 10,000 14.3750 09-19-96 baf 15,000 14.3750 09-19-96 bgi 5,000 14.3750 09-23-96 bcm4 5,000 14.6250 09-26-96 baf 5,000 14.3125 09-26-96 bcm4 5,000 14.3125 09-27-96 baf 5,000 14.3750 10-01-96 bcm4 7,500 14.5000 10-07-96 baf 230,000 12.5053 10-07-96 bcm4 5,000 12.5053 10-08-96 baf 43,000 12.6141 -----END PRIVACY-ENHANCED MESSAGE-----