-----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, UBWRTsrn5aEx18eeXsTNeicr/1DBAqMneiGeSFFOrI+qVja05/zLBkkZHA7wP7cx rDKJvU/1rR3ZmNxlfQMQNA== 0000061227-03-000025.txt : 20030918 0000061227-03-000025.hdr.sgml : 20030918 20030918092550 ACCESSION NUMBER: 0000061227-03-000025 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030918 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NII HOLDINGS INC CENTRAL INDEX KEY: 0001037016 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 911671412 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78613 FILM NUMBER: 03900427 BUSINESS ADDRESS: STREET 1: 10700 PARKRIDGE BLVD STREET 2: SUITE 600 CITY: RESTON STATE: VA ZIP: 20191 BUSINESS PHONE: 7034334000 MAIL ADDRESS: STREET 1: 10700 PARKRIDGE BLVD STREET 2: SUITE 600 CITY: RESTON STATE: VA ZIP: 20191 FORMER COMPANY: FORMER CONFORMED NAME: NEXTEL INTERNATIONAL INC DATE OF NAME CHANGE: 19970919 FORMER COMPANY: FORMER CONFORMED NAME: MCCAW INTERNATIONAL LTD DATE OF NAME CHANGE: 19970402 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MACKAY SHIELDS LLC CENTRAL INDEX KEY: 0000061227 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 132631681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-758-5400 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: MACKAY SHIELDS FINANCIAL CORP DATE OF NAME CHANGE: 19920929 SC 13D/A 1 d13.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A (Amendment No. 2) Under the Securities Exchange Act of 1934 NII HOLDINGS, INC. (Name of Issuer) Common Stock, $0.001 par value (Title of class of securities) 62913F201 (CUSIP number) Russell A. Thompson MacKay Shields LLC 9 West 57 Street New York, New York 10019 (Name, address and telephone number of person authorized to receive notices and communications) September 16, 2003 (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(e), 13d-1(f) or 13d-1(g), check the following box [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act. (Continued on following pages) (Page 1 of 5 pages) CUSIP No. 62913F201 13D/A 1 NAME OF REPORTING PERSON: MacKay Shields LLC (f/k/a MacKay-Shields Financial Corporation) S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS: N/A 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware NUMBER OF SHARES 7 SOLE VOTING POWER: 790,894 BENEFICIALLY OWNED BY 8 SHARED VOTING POWER: 0 EACH REPORTING 9 SOLE DISPOSITIVE POWER: 790,894 PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 790,894 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.51% 14 TYPE OF REPORTING PERSON: IA SCHEDULE 13D/A This Amendment No. 2 to Schedule 13D (the "Second Amendment") amends and restates the Schedule 13D filed on June 5, 2003 by MacKay Shields LLC. Item 1. Security and Issuer. This statement relates to the common stock, par value $0.001 per share (the "Shares") of NII Holdings, Inc. (the "Company"), whose principal executive offices are located at 10700 Parkridge Boulevard, Suite 600, Reston, Virginia 20191. Item 2. Identity and Background. The person filing this statement is MacKay Shields LLC, a limited liability company organized under the laws of Delaware and, registered as an investment adviser under the Investment Advisers Act of 1940 (File No. 801-19525). MacKay Shields' principal address is 9 West 57th Street, New York, New York 10019. MacKay Shields acts as investment manager for a number of clients, pension and profit-sharing plans and also to mutual funds. MacKay Shields has never been a party to a civil proceeding before a judicial or administrative body of competent jurisdiction as a result of which it was or is now subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. MacKay Shields currently holds (on behalf of those client accounts), and has the sole right to vote and direct the disposition of, equity securities of the company totaling 790,864 shares. All funds used to purchase or acquire a security interest in the Company came directly from proceeds of investment advisory clients. No single client account holds a beneficial security interest in the Company equal to or greater than 5%. Item 4. Purpose of Transaction. On November 13, 2002, the Plan of Reorganization, Rights Subscription and Backstop Agreement of the Company became effective. Pursuant to the terms of the Rights Subscription, MacKay Shields received Shares in the Company. The Common Stock held directly or indirectly by MacKay Shields is being held for investment purposes. On June 3, 2003, MacKay Shields sold 2,000,000 shares of Common Stock. On June 4, 2003, MacKay Shields sold 50,000 shares of Common Stock. On September 16, 2003, Mackay Shields sold 1,500,000 shares of common stock (the "September Sale"). MacKay Shields expects to evaluate future potential transactions in the Common Stock on a case by case basis. Item 5. Interest in Securities of the Issuer. Based upon information provided by the Company, there were issued and outstanding 22,531,239 Shares. MacKay Shields (as an investment adviser to several client accounts) is the holder of and/or has the right to receive 790,894 Shares. Thus for the purposes of Reg. Section 240.13d-3, MacKay Shields is deemed to beneficially own 790,894 Shares, or 3.51% of those deemed issued and outstanding pursuant to Reg. Section 240.13d-3. As a result of the September Sale, the reporting person will cease to be the beneficial owner of more than 5% of the Issuer's outstanding shares. Item 6. Contracts, Arrangement, Understanding or Relationships With Respect to Securities of the Issuer. Neal P. Goldman and Donald E. Morgan, both employees of MacKay Shields, are directors of the Company. Except as described in this Schedule 13D/A, no contracts, arrangements, understandings or similar relationships exist with respect to the securities of the Company between MacKay Shields and any person or entity. Item 7. Material to be Filed as Exhibits. None. 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. Dated: September 17, 2003 MACKAY SHIELDS LLC /S/ RUSSELL A. THOMPSON BY: RUSSELL A. THOMPSON Title: Chief Compliance Officer 17109363 17109363 Page 5 of 5 17109363 -----END PRIVACY-ENHANCED MESSAGE-----