-----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, Kv1N+PG5tTqujtoVCgzDGHI/+IVU7GELfCHaWjrQZ74RSlxCMYcUd0IVGV5iOCmw ykTVznXlHN+weG6cciytQg== 0000905148-06-006142.txt : 20061011 0000905148-06-006142.hdr.sgml : 20061011 20061011104641 ACCESSION NUMBER: 0000905148-06-006142 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060922 FILED AS OF DATE: 20061011 DATE AS OF CHANGE: 20061011 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SAB CAPITAL ADVISORS LLC CENTRAL INDEX KEY: 0001135018 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08520 FILM NUMBER: 061139359 BUSINESS ADDRESS: STREET 1: 650 MADISON, 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126109066 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BOMMER SCOTT A CENTRAL INDEX KEY: 0001251933 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08520 FILM NUMBER: 061139360 BUSINESS ADDRESS: BUSINESS PHONE: 2124578015 MAIL ADDRESS: STREET 1: 712 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10019 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TERRA INDUSTRIES INC CENTRAL INDEX KEY: 0000722079 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870] IRS NUMBER: 521145429 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 600 FOURTH ST STREET 2: PO BOX 6000 CITY: SIOUX CITY STATE: IA ZIP: 51102-6000 BUSINESS PHONE: 7122771340 MAIL ADDRESS: STREET 1: 600 FOURTH STREET STREET 2: PO BOX 6000 CITY: SIOUX CITY STATE: IA ZIP: 51102-6000 FORMER COMPANY: FORMER CONFORMED NAME: INSPIRATION RESOURCES CORP DATE OF NAME CHANGE: 19920517 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SAB CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0001090963 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08520 FILM NUMBER: 061139356 BUSINESS ADDRESS: STREET 1: 650 MADISON AVE 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126109060 MAIL ADDRESS: STREET 1: 650 MADISON AVENUE 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SAB CAPITAL PARTNERS II LP CENTRAL INDEX KEY: 0001251940 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08520 FILM NUMBER: 061139358 BUSINESS ADDRESS: STREET 1: 712 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2124578015 MAIL ADDRESS: STREET 1: 712 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SAB OVERSEAS MASTER FUND, L.P. CENTRAL INDEX KEY: 0001328174 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08520 FILM NUMBER: 061139357 BUSINESS ADDRESS: STREET 1: 712 FIFTH AVENUE, 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: (212) 457-8010 MAIL ADDRESS: STREET 1: 712 FIFTH AVENUE, 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 4 1 efc6-2488_ex.xml X0202 4 2006-09-22 0 0000722079 TERRA INDUSTRIES INC TRA 0001251933 BOMMER SCOTT A 712 FIFTH AVE NEW YORK NY 10019 0 0 1 0 0001135018 SAB CAPITAL ADVISORS LLC 0 0 1 0 0001251940 SAB CAPITAL PARTNERS II LP 712 FIFTH AVE NEW YORK NY 10019 0 0 1 0 0001328174 SAB OVERSEAS MASTER FUND, L.P. 712 FIFTH AVENUE, 42ND FLOOR NEW YORK NY 10019 0 0 1 0 0001090963 SAB CAPITAL PARTNERS LP 650 MADISON AVENUE 26TH FLOOR NEW YORK NY 10022 0 0 1 0 Call Options (Obligation to sell) 7.5 2006-09-22 4 S 0 5000 50.04 D 2006-09-22 2006-11-18 Common Stock 500000 0 I See Footnotes 1 and 2 Call Options (Obligation to sell) 7.5 2006-09-29 4 S 0 5000 60.07 D 2006-09-29 2006-11-18 Common Stock 500000 0 I See Footnotes 1 and 2 Call Options (Obligation to sell) 7.5 2006-10-04 4 S 0 10000 91.25 D 2006-10-04 2006-11-18 Common Stock 1000000 0 I See Footnotes 1 and 2 The call options to which this note relates were sold directly by SAB Capital Partners, L.P., a Delaware limited partnership ("SAB"), as to 2,490 options sold on 9/22/2006, 2,853 options sold on 9/29/2006 and 5,338 options sold on 10/04/2006; SAB Capital Partners II, L.P., a Delaware limited partnership ("SAB II"), as to 49 options sold on 9/22/2006, 50 options sold on 9/29/2006 and 110 options sold on 10/04/2006; and SAB Overseas Master Fund, L.P., a Cayman Islands exempted limited partnership ("SAB Overseas"), as to 2,461 options sold on 9/22/2006, 2,097 options sold on 9/29/2006 and 4,552 options sold on 10/04/2006. SAB Capital Advisors, L.L.C. (the "General Partner") serves as the general partner of, and has investment discretion over the securities held by, SAB, SAB II and SAB Overseas. Scott A. Bommer is the managing member of the General Partner. Each of the reporting persons hereof disclaims beneficial ownership of the securities to which this Form 4 relates for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except to the extent of such reporting person's pecuniary interest in the securities. The power of attorney for Mr. Bommer was filed as Exhibit 24 to the Form 3 filed by the reporting persons with regard to the Issuer's securities on August 10, 2006. /s/ Michael Casey, as attorney-in-fact for Scott A. Bommer 2006-10-11 -----END PRIVACY-ENHANCED MESSAGE-----