-----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, PyuZvjZzX36jDAp2LZqIQk5iPVdF9JkPrYyjYahmUAVYttxZUUHEf1RbOBqjawPS 9L+RYYO5Ja/EX6gZOVv9lw== 0000950133-99-001416.txt : 19990421 0000950133-99-001416.hdr.sgml : 19990421 ACCESSION NUMBER: 0000950133-99-001416 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990420 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ORBITAL SCIENCES CORP /DE/ CENTRAL INDEX KEY: 0000820736 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 061209561 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-42271 FILM NUMBER: 99597329 BUSINESS ADDRESS: STREET 1: 21700 ATLANTIC BLVD CITY: DULLES STATE: VA ZIP: 20166 BUSINESS PHONE: 7034065000 MAIL ADDRESS: STREET 1: 21700 ATLANTIC BLVD STREET 2: 21700 ATLANTIC BLVD CITY: DULLES STATE: VA ZIP: 20166 FORMER COMPANY: FORMER CONFORMED NAME: ORBITAL SCIENCES CORP II DATE OF NAME CHANGE: 19900212 424B3 1 FILED PURSUANT TO RULE 424(B)(3) 1 PROSPECTUS SUPPLEMENT DATED APRIL 20, 1999 TO PROSPECTUS DATED MARCH 12, 1998 ORBITAL SCIENCES CORPORATION 5% CONVERTIBLE SUBORDINATED NOTES DUE 2002 SELLING SECURITYHOLDERS This Prospectus Supplement should be read in conjunction with the Prospectus dated March 12, 1998 (the "Prospectus"). The information on pages 30, 31 and 32 of the Prospectus setting forth information concerning the Selling Securityholders is superceded by the following table:
COMMON PRINCIPAL PRINCIPAL STOCK AMOUNT OF AMOUNT OF NOTES OWNED PRIOR COMMON STOCK NAME OF SELLING SECURITYHOLDER NOTES OWNED OFFERED HEREBY TO OFFERING(1) OFFERED HEREBY(2) ------------------------------ ----------- --------------- -------------- ----------------- Fidelity Financial Trust: Fidelity Convertible Securities Fund........ $ 12,200,000 $ 12,200,000 438,814 435,714 General Motors Employees Domestic Group Trust....................................... 3,150,000 3,150,000 112,500 112,500 Deutsche Bank Securities Inc.(3).............. 4,000,000 4,000,000 142,857 142,857 SMALLCAP World Fund, Inc. .................... 2,500,000 2,500,000 89,285 89,285 Fuji US Income Open........................... 2,000,000 2,000,000 71,428 71,428 Lipper Offshore Convertibles, L.P. ........... 2,000,000 2,000,000 71,428 71,428 Lipper Convertibles, L.P. .................... 1,500,000 1,500,000 53,571 53,571 Froley, Revy Investment Co., Inc. Account: Arkansas PERS............................... 1,350,000 1,350,000 48,214 48,214 Equitable Life Assurance Separate Account Convertibles................................ 1,305,000 1,305,000 46,607 46,607 Alexandra Global Investment Fund 1 Ltd. ...... 1,300,000 1,300,000 46,428 46,428 Froley, Revy Investment Co., Inc. Account: Delaware PERS............................... 1,060,000 1,060,000 37,857 37,857 Allstate Insurance Company.................... 1,000,000 1,000,000 64,414(4) 35,714 Hudson River Trust Growth & Income Account.... 945,000 945,000 33,750 33,750 Delaware State Employees' Retirement Fund..... 730,000 730,000 26,071 26,071 Hudson River Trust Balanced Account........... 690,000 690,000 24,642 24,642 Memphis Light, Water and Gas Retirement Fund........................................ 615,000 615,000 21,964 21,964 Hudson River Trust Growth Investors........... 545,000 545,000 19,464 19,464 COVA Bond Debenture Fund...................... 500,000 500,000 17,857 17,857 Oxford Strategic Income Fund.................. 500,000 500,000 17,857 17,857 Forest Alternative Strategies Fund A-5........ 450,000 450,000 16,071 16,071 Forest Global Convertible Fund A-5............ 450,000 450,000 16,071 16,071 Froley, Revy Investment Co., Inc. Account: ICI American Holdings Trust..................... 440,000 440,000 15,714 15,714 Froley, Revy Investment Co., Inc. Account: Zeneca Holdings Trust....................... 440,000 440,000 15,714 15,714 BancBoston Robertson Stephens................. 350,000 350,000 12,500 12,500 Bancroft Convertible Fund, Inc. .............. 475,000(5) 350,000 16,964(5) 12,500 Ellsworth Convertible Growth & Income Fund, Inc. ....................................... 475,000(5) 350,000 16,964(5) 12,500 Thermo Electron Balanced Investment Fund...... 280,000 280,000 10,000 10,000 Black Diamond Partners, L.P. ................. 665,000(6) 237,000 23,750(6) 8,464 Black Diamond Ltd. ........................... 631,000(7) 210,000 22,535(7) 7,500 Froley, Revy Investment Co., Inc. Account: Nalco Chemical Retirement Trust............. 210,000 210,000 7,500 7,500
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COMMON PRINCIPAL PRINCIPAL STOCK AMOUNT OF AMOUNT OF NOTES OWNED PRIOR COMMON STOCK NAME OF SELLING SECURITYHOLDER NOTES OWNED OFFERED HEREBY TO OFFERING(1) OFFERED HEREBY(2) ------------------------------ ----------- --------------- -------------- ----------------- Declaration of Trust for the Defined Benefit Plans of ICI American Holdings Inc. ........ 160,000 160,000 5,714 5,714 The Frist Foundation.......................... 160,000 160,000 5,714 5,714 Declaration of Trust for the Defined Benefit Plans of ZENECA Holdings Inc. .............. 130,000 130,000 4,642 4,642 Hillside Capital Incorporated Corporate Account..................................... 90,000 90,000 3,214 3,214 First Church of Christ, Scientist -- Endowment...................... 85,000 85,000 3,035 3,035 Christian Science Trustees for Gifts and Endowments.................................. 75,000 75,000 2,678 2,678 Equitable Life Assurance Separate Account Balanced.................................... 70,000 70,000 2,500 2,500 World Wide Transactions Ltd. ................. 100,000(8) 61,000 3,571(8) 2,178 McMahan Securities Company, L.P............... 685,000 685,000 24,464 24,464 David Lipscomb University General Endowment... 40,000 40,000 1,428 1,428 Highbridge Capital Corporation................ 64,000(9) 31,000 2,285(9) 1,107 Forest Alternative Strategies Fund A-5I....... 50,000 50,000 1,785 1,785 JP Morgan Securities Inc...................... 50,000 50,000 1,785 1,785 LLT Limited................................... 30,000 30,000 1,071 1,071 Forest Alternative Strategies Fund A-5M....... 20,000 20,000 714 714 Summer Hill Global Partners L.P. ............. 15,000 15,000 535 535 SUBTOTAL............................. $ 44,580,000 $ 43,409,000 1,624,121 1,550,321 ------------ ------------ --------- --------- Unnamed holders of previously registered Notes(10)................................... $ 44,405,000 $ 45,576,000 1,585,892(12) 1,627,714 Unnamed holders of Notes or any future transferees, pledgees, donees or successors of or from any such unnamed holders(11)..... $ 11,015,000 $ 11,015,000 393,392(12) 393,392 TOTAL................................ $100,000,000 $100,000,000 3,603,228 3,571,428 ============ ============ ========= =========
- --------------- (1) Comprises the shares of Common Stock owned by each Selling Securityholder prior to the offering, including the shares of Common Stock into which the Notes held by such Selling Securityholder are convertible at the initial conversion rate, excluding fractional shares. Fractional shares will not be issued upon conversion of the Notes; rather, cash will be paid in lieu of fractional shares, if any. The Conversion Rate and the number of shares of Common Stock issuable upon conversion of the Notes are subject to adjustment under certain circumstances. See "Description of Notes -- Conversion Rights." Accordingly, the number of shares of Common Stock issuable upon conversion of the Notes may increase or decrease from time to time. (2) Assumes conversion into Common Stock of the full amount of Notes held by the Selling Securityholder at the initial conversion rate and the offering of such shares by such Selling Securityholder pursuant to this Prospectus. The Conversion Rate and the number of shares of Common Stock issuable upon conversion of the Notes is subject to adjustment under certain circumstances. See "Description of Notes -- Conversion Rights." Accordingly, the number of shares of Common Stock issuable upon conversion of the Notes may increase or decrease from time to time. Fractional shares will not be issued upon conversion of the Notes; rather, cash will be paid in lieu of fractional shares, if any. The Selling Securityholders may offer and sell pursuant to the Prospectus, their Notes, their Conversion Shares or both. (3) Deutsche Bank Securities Inc. ("DBSI"), formerly known as Deutsche Morgan Grenfell Inc., acted as an Initial Purchaser in the original placement of the Notes. In addition, Deutsche Bank AG, New York Branch, 2 3 an affiliate of DBSI, is the trustee under the Indenture for the Notes. In addition, Deutsche Bank, another affiliate of DBSI, provides an uncommitted $25 million demand line of credit to the Company. (4) Includes (i) 18,300 shares of Common Stock owned by Allstate Insurance Company, (ii) 1,100 shares of Common Stock owned by Allstate Life Insurance Company, (iii) 5,500 shares of Common Stock owned by CTC Illinois Trust Company, as trustee for the Allstate Retirement Plan, and (iv) 3,800 shares of Common Stock owned by CTC Illinois Trust Company, as trustee for Agents Pension Plan. (5) Includes $125,000 principal amount of previously registered Notes (and the Common Stock into which such Notes are convertible). (6) Includes $428,000 principal amount of previously registered Notes (and the Common Stock into which such Notes are convertible). (7) Includes $421,000 principal amount of previously registered Notes (and the Common Stock into which such Notes are convertible). (8) Includes $39,000 principal amount of previously registered Notes (and the Common Stock into which such Notes are convertible). (9) Includes $33,000 principal amount of previously registered Notes (and the Common Stock into which such Notes are convertible). (10) Based on information provided to the Company by the Trustee as of September 21, 1998. Principal amount of Notes Owned excludes $1,171,000 principal amount of Notes that are owned by the Selling Securityholders identified herein. (11) No such holder may offer Notes pursuant to this Prospectus until such holder is included as a Selling Securityholder in a supplement to this Prospectus in accordance with the Registration Rights Agreement. (12) Assumes that the unnamed holders of Notes or any future transferees, pledgees, donees or successors of or from any such unnamed holder do not beneficially own any Common Stock other than the Common Stock issuable upon conversion of the Notes at the initial conversion rate. 3 -----END PRIVACY-ENHANCED MESSAGE-----