-----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, DZf9RVC4CJ5pYBMrKzeM+q7RLstvOuHV+mHw/5lFBPLiQyoxWQ+HPnUp4N2mtztz nF/DNJdgWHcZVNP6zGYu9A== 0000902664-04-000933.txt : 20040518 0000902664-04-000933.hdr.sgml : 20040518 20040518102251 ACCESSION NUMBER: 0000902664-04-000933 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040518 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PEGASUS COMMUNICATIONS CORP / CENTRAL INDEX KEY: 0001135338 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 233070336 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61381 FILM NUMBER: 04814949 BUSINESS ADDRESS: STREET 1: 225 CITY LINE AVE STREET 2: STE 200 CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: 8884387488 MAIL ADDRESS: STREET 1: 225 CITY LINE AVE STREET 2: STE 200 CITY: BALA CYNWYD STATE: PA ZIP: 19004 FORMER COMPANY: FORMER CONFORMED NAME: PEGASUS HOLDINGS CORP I DATE OF NAME CHANGE: 20010221 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FARLEY CAPITAL LP CENTRAL INDEX KEY: 0001041997 IRS NUMBER: 22303425 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 655 THIRD AVE STREET 2: SUITE 2520 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125577776 MAIL ADDRESS: STREET 1: 655 THIRD AVE STREET 2: SUITE 2520 CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G/A 1 srz9649655v1.txt PEGASUS COMMUNICATIONS CORPORATION SC 13G/A SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13G (Rule 13d-102) Amendment No. 1 INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) Pegasus Communications Corporation (Name of Issuer) Class A Common Stock (Title of Class of Securities) 705904605 (CUSIP Number) May 17, 2004 (Date of event which requires filing of this statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) (Page 1 of 10 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 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 purposes 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. 705904605 13G Page 2 of 10 Pages - ---------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Labrador Partners L.P. - ----------------------------------------------------------------------------- (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 -0- SHARES ---------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 85,100 OWNED BY ---------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ---------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 85,100 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 85,100 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.6% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** PN - ----------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 705904605 13G Page 3 of 10 Pages - ---------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farley Associates L.P. - ----------------------------------------------------------------------------- (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 -0- SHARES ---------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 85,100 OWNED BY ---------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ---------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 85,100 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 85,100 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.6% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** OO - ----------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 705904605 13G Page 4 of 10 Pages - ---------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farley Capital L.P. - ----------------------------------------------------------------------------- (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 -0- SHARES ---------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 14,900 OWNED BY ---------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ---------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 14,900 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,900 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.3% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** IA - ----------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 705904605 13G Page 5 of 10 Pages - ---------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stephen L. Farley - ----------------------------------------------------------------------------- (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 -0- SHARES ---------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 100,000 OWNED BY ---------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER -0- REPORTING ---------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 100,000 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,000 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.8% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON ** IN - ----------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 705904605 13G Page 6 of 10 Pages The Schedule 13G initially filed on January 20, 2004 is hereby amended and restated by this Amendment No. 1 to the Schedule 13G. Item 1(a). Name of Issuer: The name of the issuer is Pegasus Communications Corporation (the "Company"). Item 1(b). Address of Issuer's Principal Executive Offices: The Company's principal executive offices are located at c/o Pegasus Communications Management Company; 225 City Line Avenue, Suite 200, Bala Cynwyd, PA 19004. Item 2(a). Name of Person Filing: This statement is filed by: (i) Labrador Partners L.P., a Delaware limited partnership ("Labrador"), with respect to the shares of Common Stock directly owned by it; (ii) Farley Associates L.P., a Delaware limited partnership ("Farley Associates"), which serves as a general partner of Labrador, with respect to the shares of Common Stock directly owned by Labrador; (iii) Farley Capital L.P., a Delaware limited partnership ("Farley Capital"), which serves as the investment manager to certain managed accounts, with respect to the shares of Common Stock directly owned by the managed accounts; and (iv) Stephen L. Farley, who serves as the Managing General Partner of Labrador and the General Partner of Farley Associates and Farley Capital, with respect to the shares of Common Stock directly owned by Labrador and the managed accounts. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. Item 2(b). Address of Principal Business Office or, if None, Residence: The address of the business office of each of the Reporting Persons is 780 Third Avenue, Suite 3801, New York, New York 10017. Item 2(c). Citizenship: Labrador, Farley Associates and Farley Capital are limited partnerships organized under the laws of the State of Delaware. Mr. Farley is a United States citizen. Item 2(d). Title of Class of Securities: Common Stock, without par value $0.01 (the "Common Stock") CUSIP No. 705904605 13G Page 7 of 10 Pages Item 2(e). CUSIP Number: 705904605 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act, (b) [ ] Bank as defined in Section 3(a)(6) of the Act, (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act, (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) [ ] Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E), (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F), (g) [ ] Parent Holding Company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G), (h) [ ] Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) [ ] Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940, (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Not applicable. Item 4. Ownership. A. Labrador Partners L.P. (a) Amount beneficially owned: 85,100 (b) Percent of class: 1.6% The percentages used in this Item 4 are calculated based upon 5,451,908 shares of Class A Common Stock issued and outstanding as of March 1, 2004 as reported in the Company's Form 10-K for the fiscal year ending December 31, 2004. (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 85,100 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 85,100 CUSIP No. 705904605 13G Page 8 of 10 Pages B. Farley Associates L.P. (a) Amount beneficially owned: 85,100 (b) Percent of class: 1.6% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 85,100 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 85,100 C. Farley Capital L.P. (a) Amount beneficially owned: 14,900 (b) Percent of class: 0.3% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 14,900 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 14,900 D. Stephen L. Farley (a) Amount beneficially owned: 100,000 (b) Percent of class: 1.8% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 100,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 100,000 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 Persons have ceased to be the beneficial owners of more than five percent of the Common Stock, 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 Item 2. Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 705904605 13G Page 9 of 10 Pages Item 10. Certification. Each of the Reporting Persons hereby makes the following certification: 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. 705904605 13G Page 10 of 10 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: May 18, 2004 LABRADOR PARTNERS L.P. By: /S/ STEPHEN L. FARLEY ------------------------------ Stephen L. Farley Managing General Partner FARLEY ASSOCIATES L.P. By: /S/ STEPHEN L. FARLEY ------------------------------ Stephen L. Farley General Partner FARLEY CAPITAL L.P. By: /S/ STEPHEN L. FARLEY ------------------------------ Stephen L. Farley General Partner Stephen L. Farley /S/ STEPHEN L. FARLEY ----------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----