SC 13G/A 1 dsc13ga.htm SCHEDULE 13G/A Schedule 13G/A

OMB APPROVAL


OMB Number:

   3235-0145

Expires:

   December 31, 2005

Estimated average burden

hours per response . . . 11


 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No.     )

 

 

 

 

 

LEXENT INC.


(Name of Issuer)

 

 

Common Stock, par value $.001 per share


(Title and Class of Securities)

 

 

52886Q10


                                (CUSIP Number)                                

 

 

December 31, 2003


(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)

 

¨ Rule 13d-1(c)

 

¨ Rule 13d-1(d)

 

The information required in 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 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.


CUSIP No. 52886Q10   13G     

 


  1  

Name of Reporting Person

 

            Tower Investment Group, Inc.

 

I.R.S. Identification No. of above person

 

            59-2924229

   

  2  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

   

  3  

SEC Use Only

 

   

  4  

Citizenship or Place of Organization

 

            Florida

   

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 Box 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. 619908304   13G     

 


  1  

Name of Reporting Person

 

            Bay Habour Management, L.C.

 

I.R.S. Identification No. of above person

 

            None

   

  2  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  x

   

  3  

SEC Use Only

 

   

  4  

Citizenship or Place of Organization

 

            Florida

   

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 Box 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. 619908304   13G     

 


  1  

Name of Reporting Person

 

            Steven A. Van Dyke

 

I.R.S. Identification No. of above person

 

            Not Applicable

   

  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 Box 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. 619908304   13G     

 


  1  

Name of Reporting Person

 

            Douglas P. Teitelbaum

 

I.R.S. Identification No. of above person

 

            Not applicable

   

  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 Box 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. 619908304   13G     

 


  1  

Name of Reporting Person

 

            John D. Stout

 

I.R.S. Identification No. of above person

 

            Not applicable

   

  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 Box 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. 619908304   13G     

 

Item 1

 

(a).

   Name of Issuer:          
         Lexent, Inc. (“Lexent”)          

Item 1

 

(b).

   Address of Issuer’s Principal Executive Offices:          
         Three New York Plaza, New York, NY 10004.          

Item 2

 

(a).

   Name of Person(s) Filing:          
         Bay Harbour Management, L.C. (“Bay Harbour”), Tower Investment Group, Inc. (“Tower”), as the majority stockholder of Bay Harbour, and Steven A. Van Dyke (“Mr. Van Dyke”), Douglas P. Teitelbaum (“Mr. Teitelbaum”) and John D. Stout (“Mr. Stout”), in their capacities as controlling stockholders of Tower.          

Item 2

 

(b)

   Address of Principal Business Office:          
         The principal business address of Bay Harbour, Tower, Mr. Van Dyke, Mr. Teitelbaum and Mr. Stout is 885 Third Avenue, 34th Floor, New York, NY 10022.          

Item 2

 

(c)

   Citizenship:          
        

Bay Harbour – Florida

Tower – Florida

Mr. Van Dyke – United States

Mr. Teitelbaum – United States

Mr. Stout – United States

         

Item 2

 

(d)

   Title of Class of Securities:          
         Common Stock, par value $.001 per share, of Lexent Corporation.          

Item 2

 

(e)

   Lexent common stock has the following CUSIP number: 52886Q10.          

Item 3

  The person(s) filing is (are):     
         Bay Harbour is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940.
         Tower is a parent holding company of Bay Harbour.
         Mr. Van Dyke is a control person of Bay Harbour.
         Mr. Teitelbaum is a control person of Bay Harbour.
         Mr. Stout is a control person of Bay Harbour.

Item 4

  (a)    Amount beneficially owned:          
         As of December 31, 2003, Bay Harbour may be deemed to be the beneficial owner of 0 shares of Lexent common stock as a result of voting and dispositive power that it held with


CUSIP No. 619908304   13G     

 

         respect to 0 shares of Lexent common stock held for the account of private investment funds and managed accounts.
         As of December 31, 2003, Tower may be deemed to be the beneficial owner of 0 shares of Lexent common stock deemed to be beneficially owned by Bay Harbour as referred to above. Tower is the majority stockholder of Bay Harbour.
         As of December 31, 2003, Mr. Van Dyke may be deemed beneficial owner of 0 shares of Lexent common stock deemed to be beneficially owned by Bay Harbour as referred to above. Mr. Van Dyke is a stockholder of Tower, which is the majority shareholder of Bay Harbour.
         As of December 31, 2003, Mr. Teitelbaum may be deemed beneficial owner of 0 shares of Lexent common stock deemed to be beneficially owned by Bay Harbour as referred to above. Mr. Teitelbaum is a stockholder of Tower, which is the majority shareholder of Bay Harbour.
         As of December 31, 2003, Mr. Stout may be deemed beneficial owner of 0 shares of Lexent common stock deemed to be beneficially owned by Bay Harbour as referred to above. Mr. Stout is a stockholder of Tower, which is the majority shareholder of Bay Harbour.

Item 4

  (b)    Percent of class:          
         0%

Item 4

  (c)    Number of shares as to which reporting persons have:
         Number of shares as to which Bay Harbour has:
         (i)    Sole power to vote or direct the vote:    0          
         (ii)    Shared power to vote or to direct the vote:    0          
         (iii)    The sole power to dispose of or to direct the disposition of:    0          
         (iv)    Shared power to dispose of or to direct the disposition of:    0          
         Number of shares as to which Tower has:          
         (i)    Sole power to vote or direct the vote:    0          
         (ii)    Shared power to vote or to direct the vote:    0          
         (iii)    The sole power to dispose of or to direct the disposition of:    0          
         (iv)    Shared power to dispose of or to direct the disposition of:    0          
         Number of shares as to which Mr. Van Dyke has:          
         (i)    Sole power to vote or direct the vote:    0          
         (ii)    Shared power to vote or to direct the vote:    0          


CUSIP No. 619908304   13G     

 

         (iii)    The sole power to dispose of or to direct the disposition of:    0          
         (iv)    Shared power to dispose of or to direct the disposition of:    0          
         Number of shares as to which Mr. Teitelbaum has:          
         (i)    Sole power to vote or direct the vote:    0          
         (ii)    Shared power to vote or to direct the vote:    0          
         (iii)    The sole power to dispose of or to direct the disposition of:    0          
         (iv)    Shared power to dispose of or to direct the disposition of:    0          
         Number of shares as to which Mr. Stout has:          
         (i)    Sole power to vote or direct the vote:    0          
         (ii)    Shared power to vote or to direct the vote:    0          
         (iii)    The sole power to dispose of or to direct the disposition of:    0          
         (iv)    Shared power to dispose of or to direct the disposition of:    0          

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          

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.          
         See Item 3 hereof, and Exhibit 1.          

Item 8.

  Identification and Classification of Members of the Group.          
         Not Applicable.          

Item 9.

  Notice of Dissolution of the Group.          
         Not Applicable.          

Item 10.

 

Certification.

 

         
         By signing below each of the undersigned certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired in the ordinary course of business and 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. 1912EP104   13G     

 

SIGNATURE

 

After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Date: February 17, 2004

     

BAY HARBOUR MANAGEMENT, L.C.

            By:  

/s/    Steven A. Van Dyke        

               
               

Name: Steven A. Van Dyke

Title: President

Date: February 17, 2004

     

TOWER INVESTMENT GROUP, INC.

            By:  

/s/    Steven A. Van Dyke        

               
               

Name: Steven A. Van Dyke

Title: President

Date: February 17, 2004          

/s/    Steven A. Van Dyke        

             
                Steven A. Van Dyke
Date: February 17, 2004          

/s/    Douglas P. Teitelbaum        

             
                Douglas P. Teitelbaum
Date: February 17, 2004          

/s/    John D. Stout        

             
                 


CUSIP No. 1912EP104   13G     

 

Exhibit Index

 

Exhibit 1

   List of subsidiaries provided in response to Item 7 of this Schedule 13G.