SC 13D/A 1 d73555_sc13da.txt AMENDMENT NO. 5 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5) WORLDSPACE, INC. ---------------- (Name of Issuer) Class A Common Stock, $.01 par value ------------------------------------ (Title of Class of Securities) 981579105 ----------- (CUSIP Number) (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Mr. Roger B. Peikin Aletheia Research & Management, Inc. 100 Wilshire Boulevard, Suite 1960 Santa Monica, CA 90401 (310)-899-0800 February 5, 2008 ---------------- (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 |_|. 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, as amended (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. SCHEDULE 13D CUSIP No.981579105 Page 2 of 8 Pages -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Aletheia Research & Management, Inc., IRS No. -95-4647814 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC, OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 14,556,514 shares of Class A Common Stock ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 14,556,514 shares of Class A Common Stock WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,556,514 shares of Class A Common Stock -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.27% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA -------------------------------------------------------------------------------- 2 Item 1. Security and Issuer. ------ ------------------- This statement relates to the Class A Common Stock, $.01 par value per share (the "Class A Common Stock"), of Worldspace, Inc., a Delaware corporation (the "Issuer"). The Issuer maintains its principal executive office at 8515 Georgia Avenue, Silver Spring, MD 20910. Item 2. Identity and Background. ------ ----------------------- (a) This statement is filed by Aletheia Research & Management, Inc., a California corporation, ("Aletheia"), with respect to shares of the Issuer's Common Stock held by managed accounts over which Aletheia has discretionary authority and through partnerships with respect to which Aletheia serves as general partner. (b) Aletheia filed an initial Schedule 13D for an event of February 27, 2007 (the "Initial Schedule"), an Amendment No. 1 for an event of June 13, 2007, an Amendment No. 2 for an event of July 27, 2007, an Amendment No. 3 for an event of October 4, 2007 and an Amendment No. 4 for an event of December 7, 2007 (the "Previous Amendments"). Except to the extent set forth in this Amendment, the information in the Initial Schedule and the Previous Amendments remains unchanged. Item 3. Source and Amount of Funds or Other Consideration. ------ ------------------------------------------------- Aletheia owns 14,556,514 shares of the Issuer's Common Stock on behalf of managed accounts and partnerships with respect to which Aletheia serves as general partner. Such managed accounts and partnerships have collectively paid $58,175,616 from their personal funds or working capital for such shares. Item 5. Interest in Securities of the Issuer. ------ ------------------------------------ (a) The number of shares of the Issuer's Common Stock and the percentage of the outstanding shares (based upon 42,473,129 shares of Common Stock outstanding as of November 7, 2007, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2007) directly or indirectly beneficially owned by the Reporting Person is as follows: Percentage of Name Number of Shares Outstanding Shares ---- ---------------- ------------------ Aletheia 14,556,514 34.27% (b) Aletheia has sole power to vote and sole power to dispose or to direct the disposition of 14,556,514 shares of the Issuer's Common Stock. (c) See Appendix 1 annexed hereto. 3 Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 11, 2008 ALETHEIA RESEARCH & MANAGEMENT, INC. By: /s/ Roger B. Peikin -------------------------- Roger B. Peikin, Executive Vice President 4 APPENDIX 1 TRANSACTIONS IN WORLDSPACE, INC. COMMON STOCK MOST RECENT 60 DAYS SINCE LAST FILING DATE
----------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- TOTAL AVG. AVG. COST OR PURCHASE NO. OF SALES PURCHASE SALES ACCOUNT TYPE TRADE DATE OR SALE SHARES PRICE PRICE PRICE ----------------------------------------------------------------------------------------- 1. Aletheia Insider Index, L.P. and Aletheia Insider Index II, L.P. 12/10/07 SALE (10,000) 2.50 $ 25,009 12/10/07 Total (10,000) 2.50 25,009 12/31/07 SALE (46,499) 1.76 82,306 12/31/07 Total (46,499) 1.76 82,306 1/31/08 PURCHASE 37,067 1.51 56,145 1/31/08 Total 37,067 1.51 56,145 ----------------------------------------------------------------------------------------- Insider Total (19,432) 2.01 1.51 $ 163,460 ========================================================================================= 2. Managed Accounts 12/10/07 PURCHASE 27,350 2.34 $ 69,663 SALE (21,535) 2.20 52,200 12/10/07 Total 5,815 2.20 2.34 121,863 12/11/07 PURCHASE 8,572 2.63 23,133 SALE (5,665) 2.56 14,376 12/11/07 Total 2,907 2.56 2.63 37,509 12/12/07 PURCHASE 1,150 2.48 2,869 SALE (1,255) 2.47 3,236 12/12/07 Total (105) 2.47 2.48 6,105 12/13/07 PURCHASE 2,475 2.29 5,659 SALE (260) 2.30 594 12/13/07 Total 2,215 2.30 2.29 6,253 12/14/07 PURCHASE 7,020 2.16 15,199 SALE (7,868) 1.88 16,915 12/14/07 Total (848) 1.88 2.16 32,114 12/17/07 PURCHASE 9,755 1.97 19,633 SALE (8,665) 1.93 16,511 12/17/07 Total 1,090 1.93 1.97 36,144 12/18/07 PURCHASE 19,741 1.92 39,238 SALE (8,455) 1.83 14,973 12/18/07 Total 11,286 1.83 1.92 54,211 12/19/07 PURCHASE 16,726 2.07 33,848 SALE (77,350) 1.85 142,880 5 TOTAL AVG. AVG. COST OR PURCHASE NO. OF SALES PURCHASE SALES ACCOUNT TYPE TRADE DATE OR SALE SHARES PRICE PRICE PRICE ----------------------------------------------------------------------------------------- 12/19/07 Total (60,624) 1.85 2.07 176,729 12/20/07 PURCHASE 1,575 1.92 2,994 SALE (29,090) 1.92 51,637 12/20/07 Total (27,515) 1.92 1.92 54,631 12/21/07 PURCHASE 6,375 2.28 14,564 SALE (12,160) 2.25 27,392 12/21/07 Total (5,785) 2.25 2.28 41,956 12/24/07 PURCHASE 5,006 2.01 10,147 SALE (22,090) 2.04 44,934 12/24/07 Total (17,084) 2.04 2.01 55,081 12/26/07 PURCHASE 1,295 2.00 2,590 SALE (6,320) 2.00 12,530 12/26/07 Total (5,025) 2.00 2.00 15,120 12/27/07 PURCHASE 7,640 2.00 15,295 SALE (12,450) 1.94 23,869 12/27/07 Total (4,810) 1.94 2.00 39,164 12/28/07 PURCHASE 885 2.04 1,802 SALE (37,815) 2.02 74,198 12/28/07 Total (36,930) 2.02 2.04 75,999 12/31/07 PURCHASE 84,111 1.94 142,309 SALE (85,568) 1.76 143,940 12/31/07 Total (1,457) 1.76 1.94 286,249 1/2/08 PURCHASE 7,486 1.86 13,753 SALE (9,025) 1.86 16,518 1/2/08 Total (1,539) 1.86 1.86 30,271 1/3/08 PURCHASE 4,690 1.90 8,677 SALE (18,005) 1.87 34,133 1/3/08 Total (13,315) 1.87 1.90 42,810 1/4/08 PURCHASE 4,135 1.95 7,976 SALE (2,780) 1.94 5,263 1/4/08 Total 1,355 1.94 1.95 13,239 1/7/08 PURCHASE 3,424 1.87 6,335 1/7/08 Total 3,424 1.87 6,335 1/8/08 PURCHASE 9,601 1.90 18,071 SALE (5,110) 1.86 9,592 1/8/08 Total 4,491 1.86 1.90 27,663 1/9/08 PURCHASE 3,655 1.58 5,688 SALE (14,420) 1.50 19,991 1/9/08 Total (10,765) 1.50 1.58 25,679 1/10/08 PURCHASE 8,376 1.73 14,398 SALE (2,670) 1.69 4,576 6 TOTAL AVG. AVG. COST OR PURCHASE NO. OF SALES PURCHASE SALES ACCOUNT TYPE TRADE DATE OR SALE SHARES PRICE PRICE PRICE ----------------------------------------------------------------------------------------- 1/10/08 Total 5,706 1.69 1.73 18,974 1/11/08 PURCHASE 735 1.64 1,205 SALE (4,905) 1.58 7,725 1/11/08 Total (4,170) 1.58 1.64 8,930 1/14/08 PURCHASE 3,530 1.58 5,576 SALE (55,420) 1.52 83,384 1/14/08 Total (51,890) 1.52 1.58 88,961 1/15/08 PURCHASE 22,515 1.44 34,930 SALE (3,870) 1.59 6,184 1/15/08 Total 18,645 1.59 1.44 41,114 1/16/08 PURCHASE 1,860 1.77 3,290 SALE (5,015) 1.76 9,126 1/16/08 Total (3,155) 1.76 1.77 12,416 1/17/08 PURCHASE 12,310 1.98 24,530 SALE (860) 1.90 1,620 1/17/08 Total 11,450 1.90 1.98 26,149 1/18/08 PURCHASE 1,520 2.00 3,024 SALE (7,920) 1.98 16,222 1/18/08 Total (6,400) 1.98 2.00 19,246 1/22/08 PURCHASE 3,642 1.80 6,414 SALE (2,555) 1.79 4,470 1/22/08 Total 1,087 1.79 1.80 10,883 1/23/08 PURCHASE 17,435 1.65 29,266 SALE (3,335) 1.59 5,320 1/23/08 Total 14,100 1.59 1.65 34,587 1/24/08 PURCHASE 14,384 1.69 24,065 SALE (1,350) 1.68 2,224 1/24/08 Total 13,034 1.68 1.69 26,289 1/25/08 PURCHASE 41,860 1.89 79,434 SALE (1,280) 1.82 2,393 1/25/08 Total 40,580 1.82 1.89 81,827 1/28/08 PURCHASE 18,955 2.15 42,343 SALE (1,395) 2.23 3,089 1/28/08 Total 17,560 2.23 2.15 45,432 1/29/08 PURCHASE 14,585 2.12 30,893 SALE (4,615) 2.09 9,469 1/29/08 Total 9,970 2.09 2.12 40,362 1/30/08 PURCHASE 7,138 1.85 12,982 SALE (215,305) 1.65 365,507 1/30/08 Total (208,167) 1.65 1.85 378,489 1/31/08 PURCHASE 35,600 1.55 53,942 7 TOTAL AVG. AVG. COST OR PURCHASE NO. OF SALES PURCHASE SALES ACCOUNT TYPE TRADE DATE OR SALE SHARES PRICE PRICE PRICE ----------------------------------------------------------------------------------------- SALE (165,552) 2.31 244,881 1/31/08 Total (129,952) 2.31 1.55 298,823 2/1/08 PURCHASE 22,100 1.29 29,392 SALE (306,220) 2.16 398,577 2/1/08 Total (284,120) 2.16 1.29 427,970 2/4/08 PURCHASE 37,598 1.20 43,589 SALE (142,350) 2.26 169,304 2/4/08 Total (104,752) 2.26 1.20 212,893 2/5/08 PURCHASE 22,080 1.03 23,044 SALE (388,562) 1.88 371,871 2/5/08 Total (366,482) 1.88 1.03 394,914 2/6/08 PURCHASE 50,785 0.98 49,308 SALE (8,700) 0.98 8,527 2/6/08 Total 42,085 0.98 0.98 57,835 2/7/08 PURCHASE 54,554 1.22 63,264 SALE (30) 1.26 38 2/7/08 Total 54,524 1.26 1.22 $ 63,302
8