-----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, AEGLxStgmUhdMEGJL93QPGTym7laIUH2njlb/eptNdm2iS9IaGub9hZTRjahRHN0 r/sX7ye6algjZCj1Wc0nCQ== 0000950136-00-000189.txt : 20000211 0000950136-00-000189.hdr.sgml : 20000211 ACCESSION NUMBER: 0000950136-00-000189 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000210 GROUP MEMBERS: BCI INVESTMENTS II, LLC GROUP MEMBERS: BLACKSTONE CCC CAPITAL PARTNERS L.P. GROUP MEMBERS: BLACKSTONE CCC CAPITAL PARTNERS LP GROUP MEMBERS: BLACKSTONE CCC OFFSHORE CAPITAL PARTNERS L.P. GROUP MEMBERS: BLACKSTONE FAMILY INVESTMENT PARTNERSHIP III L.P. GROUP MEMBERS: BLACKSTONE MANAGEMENT ASSOCIATES III L.L.C. GROUP MEMBERS: DOUGLAS S. LUKE GROUP MEMBERS: LAMONT PARTNERS, LLC GROUP MEMBERS: LJH PARTNERS, LP GROUP MEMBERS: PETER G. PETERSON GROUP MEMBERS: ROBERT C. FANCH GROUP MEMBERS: ROBERT C. FANCH REVOCABLE TRUST GROUP MEMBERS: STEPHEN A. SCHWARZMAN GROUP MEMBERS: WILLIAM J. BRESNAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SIRIUS SATELLITE RADIO INC CENTRAL INDEX KEY: 0000908937 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 521700207 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-50791 FILM NUMBER: 530798 BUSINESS ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS STREET 2: 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2128995000 MAIL ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS STREET 2: 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: CD RADIO INC DATE OF NAME CHANGE: 19940203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BLACKSTONE CCC CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0001076985 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 134034415 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: THE BLACKSTONE GROUP STREET 2: 345 PARK AVE 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10154 BUSINESS PHONE: 2127543316 MAIL ADDRESS: STREET 1: THE BLACKSTONE GROUP STREET 2: 345 PARK AVE 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10154 SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* Sirius Satellite Radio Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.001 per share - ------------------------------------------------------------------------------- (Title of Class of Securities) 82966U 10 3 ------------------------------------------------- (CUSIP Number) Chinh Chu Blackstone Management Associates III L.L.C. 345 Park Avenue New York, New York 10154 (212) 583-5872 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copy to: Wilson S. Neely, Esq. Simpson Thacher & Bartlett 425 Lexington Avenue New York, New York 10017 (212) 455-2000 January 31, 2000 - ------------------------------------------------------------------------------- (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 (Sections) 240.13d-1(e), 240.13d-1(f) or 240.13d-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. See Rule (Section) 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on 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 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 24 Pages SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 2 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Blackstone CCC Capital Partners L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 4,670,568 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 4,670,568 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,670,568 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.76% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 3 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Blackstone CCC Offshore Capital Partners L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 845,021 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 845,021 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 845,021 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.58% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 4 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Blackstone Family Investment Partnership III L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 352,059 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 352,059 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 352,059 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.09% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 5 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Blackstone Management Associates III L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 5,867,647 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 5,867,647 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 6 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Peter G. Peterson - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 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 0 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 5,867,647 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 5,867,647 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 7 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Stephen A. Schwarzman - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 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 0 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 5,867,647 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 5,867,647 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 8 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LJH Partners, LP - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 5,882 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 5,882 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,882 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.02% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 9 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Lamont Partners, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 5,882 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 5,882 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 10 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Douglas S. Luke - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 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 5,882 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 5,882 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 11 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert C. Fanch Revocable Trust - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Colorado - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 5,882 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 5,882 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,882 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.02% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 12 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert C. Fanch - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 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 5,882 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 5,882 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 13 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BCI Investments II, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 2,941 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 2,941 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,941 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.01% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO. 82966U 10 3 PAGE 14 OF 24 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William J. Bresnan - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO (see item 3) - -------------------------------------------------------------------------------- 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 2,941 NUMBER OF ------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 2,941 ------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! STATEMENT PURSUANT TO RULE 13d-1 OF THE GENERAL RULES AND REGULATIONS UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED Item 1. Security and Issuer. This Statement on Schedule 13D (the "Schedule 13D") relates to the common stock, par value $.001 per share ("Common Stock"), of Sirius Satellite Radio Inc., a Delaware corporation (the "Company"). The principal executive offices of the Company are located at 1221 Avenue of the Americas, 36th Floor, New York, New York 10020 . Item 2. Identity and Background. This Schedule 13D is being filed jointly by Blackstone CCC Capital Partners L.P., a Delaware limited partnership ("BCP CCC"), Blackstone CCC Offshore Capital Partners L.P., a Cayman Islands exempted limited partnership ("BCP CCC Offshore"), Blackstone Family Investment Partnership III L.P., a Delaware limited partnership ("BFIP III"), Blackstone Management Associates III L.L.C., a Delaware limited liability company ("BMA III"), Mr. Peter G. Peterson, Mr. Stephen A. Schwarzman, LJH Partners, LP, a Delaware limited partnership ("LJH"), Lamont Partners LLC, a Delaware limited liability company ("Lamont"), Mr. Douglas S. Luke, Robert C. Fanch Revocable Trust, a Colorado revocable trust, Mr. Robert C. Fanch, BCI Investments II LLC, a Delaware limited liability company ("BCI II") and Mr. William J. Bresnan (the foregoing, collectively, the "Reporting Persons"). BMA III is the sole general partner of BCP CCC and BFIP III and the sole investment general partner of BCP CCC Offshore. Blackstone Services (Cayman) LDC, a Cayman Islands limited duration company, is the administrative general partner of BCP CCC Offshore. Pursuant to the partnership agreement of BCP CCC Offshore, BMA III has the sole power to vote securities held by BCP CCC Offshore and the sole power to dispose of securities held by BCP CCC Offshore. BCP CCC, BCP CCC Offshore and BFIP III will hereinafter be referred to collectively as the "Blackstone Partnerships" and the Blackstone Partnerships, together with BMA III, Mr. Peter G. Peterson and Mr. Stephen A. Schwarzman, will hereinafter be referred to collectively as the "Blackstone Persons". BCP CCC, BCP CCC Offshore and BFIP III are principally engaged in the business of investment in securities and the commitment of capital to facilitate corporate restructurings, leveraged buyouts, bridge financings and other investments. The principal business of BMA III consists of performing the functions of, and serving as, the general partner of BCP CCC and of certain affiliates and the investment general partner of BCP CCC Offshore and of certain affiliates. The principal business and office address of BCP CCC, BFIP III and BMA III is 345 Park Avenue, New York, New York 10154. The principal business and office address of BCP CCC Offshore is c/o Blackstone Services (Cayman) LDC c/o Hemisphere Page 15 of 24 Pages Management (Cayman) Ltd., Zephyr House, Mary Street, 5th Floor, Georgetown, Grand Cayman, Cayman Islands. Messrs. Peter G. Peterson and Stephen A. Schwarzman are the founding members (the "Founding Members") of BMA III. Each of the Founding Members is a United States citizen. The principal occupations of each of the Founding Members is serving as an executive of one or more of the Blackstone Partnerships, BMA III, and their affiliates. The Founding Members are the managing members of BMA III. The business address of each of the Founding Members is 345 Park Avenue, New York, New York 10154. Lamont is the sole general partner of LJH, and Mr. Douglas S. Luke is the sole managing member of Lamont. Mr. Luke is a United States citizen. Mr. Luke's principal occupation is serving as an executive of LJH and its affiliates. The principal business address of each of LJH, Lamont and Mr. Luke is The Chrysler Building, 48th Floor, 405 Lexington Avenue, New York, New York 10174. LJH, Lamont and Mr. Luke will hereinafter be referred to collectively as the "LJH Persons". Robert C. Fanch is the sole trustee of Robert C. Fanch Revocable Trust. Mr. Fanch is a United States citizen. Mr. Fanch's principal occupation is serving as chairman and chief executive officer of Fanch Communications Incorporated. The principal business address of both Mr. Fanch and Robert C. Fanch Revocable Trust is 1873 South Bellaire Street, Suite 1550, Denver, Colorado 80222. Robert C. Fanch Revocable Trust and Mr. Fanch will hereinafter be referred to collectively as the "Fanch Persons". Mr. William J. Bresnan is the sole managing member of BCI II. Mr. Bresnan is a United States Citizen. Mr. Bresnan's principal occupation is serving as an executive of Bresnan Communications Inc. and its affiliates. The principal business address of both BCI II and Mr. Bresnan is 709 Westchester Ave., White Plains, New York 10604. BCI II and Mr. Bresnan will hereinafter be referred to collectively as the "BCI Persons." During the last five years, the Reporting Persons have not been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding has been or is 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 violations of such laws. Item 3. Source and Amount of Funds or Other Consideration. On January 31, 2000, the Blackstone Partnerships purchased, for an aggregate purchase price of $199,500,000, a total of 1,995,000 shares of 9.2% Series D Junior Cumulative Convertible Preferred Stock, par value $.001 per share (the "Preferred Stock") of the Company. The source of funds was capital contributions by the partners of the Blackstone Partnerships. On January 31, 2000, LJH purchased, for an aggregate purchase price of $200,000, a total of 2000 shares of Preferred Stock. The source of funds was capital contributions by the limited partners of LJH. On January 31, 2000, Robert C. Fanch Revocable Trust purchased, for an aggregate purchase price of $200,000, a total of 2000 shares of Preferred Stock. The source of funds was funds of Robert C. Fanch Revocable Trust. Page 16 of 24 Pages On January 31, 2000, BCI II purchased, for an aggregate purchase price of $100,000, a total of 1000 shares of Preferred Stock. The source of funds was capital contributions by the members of BCI II. Item 4. Purpose of Transaction. The response to Item 3 is hereby incorporated by reference. Blackstone Capital Partners III Merchant Banking Fund L.P. ("BCP III") and the Company entered into a Stock Purchase Agreement, dated as of December 23, 1999 (the "Stock Purchase Agreement"), which provided for the purchase of 2,000,000 shares of Preferred Stock for an aggregate purchase price of $200,000,000. Prior to the closing and pursuant to the terms of the Stock Purchase Agreement, BCP III assigned its rights thereunder to BCP CCC (1,587,993 shares of Preferred Stock), BCP CCC Offshore (287,307 shares of Preferred Stock), BFIP III (119,700 shares of Preferred Stock), LJH (2,000 shares of Preferred Stock), Robert C. Fanch Revocable Trust (2,000 shares of Preferred Stock) and BCI II (1,000 shares of Preferred Stock). The Company issued the Preferred Stock to the Blackstone Partnerships, LJH, Robert C. Fanch Revocable Trust and BCI II in order to finance its operations and for other general corporate purposes. Preferred Stock. Each share of Preferred Stock is convertible (at the option of the holder thereof) at any time into the number of fully paid and nonassessable shares of Common Stock calculated by dividing the Liquidation Preference (as defined below) by $34.00 (the "Conversion Price"), such Conversion Price to be adjusted in certain circumstances as provided for in the Certificate of Designations, Preferences and Relative, Participating, Optional and Other Special Rights of 9.2% Series D Junior Cumulative Convertible Preferred Stock (the "Certificate of Designations"). The Preferred Stock, with respect to payment of dividends, redemption payments and rights upon liquidation, dissolution or winding up the affairs of the Company, ranks senior and prior to the Common Stock and any other class or series of capital stock of the Company that by its terms ranks junior to the Preferred Stock. The Preferred Stock ranks on a parity with the 9.2% Series A Junior Cumulative Convertible Preferred Stock and the 9.2% Series B Junior Convertible Preferred Stock and the Parity Dividend Stock (as defined in the Certificate of Designations) and Parity Liquidation Stock (as defined in the Certificate of Designations). The Preferred Stock ranks junior to the Company's 10.5% Series C Convertible Preferred Stock, and all Senior Dividend Stock (as defined in the Certificate of Designations) and Senior Liquidation Stock (as defined in the Certificate of Designations). In the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company, the holders of the Preferred Stock are entitled to receive $100.00 per share (the "Liquidation Preference") plus all accrued and unpaid dividends, to the payment date. The holders of Preferred Stock will receive cumulative dividends at the annual rate of 9.2% of the sum of (x) the Liquidation Preference and (y) all unpaid dividends, if any, whether or not declared, from the date of issuance of Preferred Stock to the applicable dividend payment date. Dividends will be payable in cash or, at the Company's option, in additional shares of Preferred Stock. From and after December 23, 2002 and prior to December 23, 2004, the Company, at its option, may redeem shares of Preferred Stock, in whole or in part, at the redemption price of 100% the Liquidation Preference Page 17 of 24 Pages thereof, plus an amount equal to the unpaid dividends thereon, if the Current Market Price (as defined in the Certificate of Designations) of the Common Stock equals or exceeds $68.00. From and after December 23, 2004, the Company may redeem shares of Preferred Stock, in whole or in part, at a redemption price of 100% of the Liquidation Preference thereof, plus an amount equal to the unpaid dividends thereon. On November 15, 2011, the Company must redeem all outstanding shares of the Preferred Stock at a redemption price of 100% of the Liquidation Preference thereof, plus an amount equal to the unpaid dividends thereon. Holders of shares of Preferred Stock will be entitled to vote together as a single class with the holders of shares of Common Stock (and any other series or class of voting stock entitled to vote thereon) on all matters as to which holders of shares of Common Stock are entitled to vote. In such instances, each share of Preferred Stock will vote on an "as converted" basis, using the Conversion Price then in effect. The foregoing descriptions do not purport to be complete and are qualified in their entirety by reference to the Stock Purchase Agreement and the Certificate of Designations, a copy of each of which has been filed as an exhibit to this Schedule 13D and is incorporated herein by reference. The shares of Preferred Stock are being acquired by the Reporting Persons for investment purposes. The Reporting Persons do not currently have, and do not intend to have in the future, any representation on the Company's Board, nor do the Reporting Persons currently have any intention of acquiring additional shares of Preferred Stock (other than through in-kind dividends) or Common Stock (other than through conversion of the Preferred Stock). Notwithstanding the foregoing, the Reporting Persons retain the right to change their investment intent, to propose one or more possible transactions to the Company's Board, to acquire additional shares of Preferred Stock or Common Stock from time to time or to sell or otherwise dispose of all or part of the Preferred Stock (or any shares of Common Stock into which such Preferred Stock is converted) beneficially owned by them in any manner permitted by law. In the event of a material change in the present plans or intentions of the Reporting Persons, the Reporting Persons will amend this Schedule 13D to reflect such a change. Other than as described above, none of the Reporting Persons have any plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D (although they reserve the right to develop such plans). Item 5. Interest in Securities of the Issuer. (a) and (b). The information contained on the cover pages to this Schedule 13D is incorporated herein by reference. Pursuant to the Stock Purchase Agreement, BCP CCC, BCP CCC Offshore and BFIP III acquired shares of Preferred Stock having an aggregate Liquidation Preference of $199,500,000, for an aggregate purchase price of $199,500,000. Assuming the conversion of all of their Preferred Stock as of the date hereof, the Blackstone Partnerships would own in the aggregate 5,867,647 shares of Common Stock of the Company, representing approximately 15.53% of the outstanding Common Stock of the Company. Pursuant to the Stock Purchase Agreement, LJH acquired shares of Preferred Stock having an aggregate Liquidation Preference of $200,000, for an aggregate purchase price of $200,000. Assuming the conversion of all of its Preferred Stock as of the date hereof, LJH would own in the aggregate 5,882 shares of Common Page 18 of 24 Pages Stock of the Company, representing approximately 0.02% of the outstanding Common Stock of the Company. Pursuant to the Stock Purchase Agreement, Robert C. Fanch Revocable Trust acquired shares of Preferred Stock having an aggregate Liquidation Preference of $200,000, for an aggregate purchase price of $200,000. Assuming the conversion of all of its Preferred Stock as of the date hereof, Robert C. Fanch Revocable Trust would own in the aggregate 5,882 shares of Common Stock of the Company, representing approximately 0.02% of the outstanding Common Stock of the Company. Pursuant to the Stock Purchase Agreement, BCI II acquired shares of Preferred Stock having an aggregate Liquidation Preference of $100,000, for an aggregate purchase price of $100,000. Assuming the conversion of all of its Preferred Stock as of the date hereof, BCI II would own in the aggregate 2,941 shares of Common Stock of the Company, representing approximately 0.01% of the outstanding Common Stock of the Company. The number of shares of Common Stock into which shares of Preferred Stock are convertible may be increased upon the occurrence of certain events as described in Item 4 and pursuant to anti-dilution provisions contained in the Certificate of Designations. Beneficial ownership of such Preferred Stock was acquired as described in Item 3 and Item 4. See also the information contained on the cover pages to this Schedule 13D, which is incorporated herein by reference. The securities of the Company held by the Reporting Persons may be subject from time to time to various collateral and other similar security arrangements made with third party financial institutions in the ordinary course of business. BCP CCC, BCP CCC Offshore and BFIP III, acting through their sole general partner BMA III, have the sole power to vote or to direct the vote, and to dispose or to direct the disposition of, the Preferred Stock or Common Stock respectively owned by them. As a result, for purposes of section 13(d) of the Act, BMA III may be deemed to beneficially own the shares of Preferred Stock or Common Stock directly owned by the respective Blackstone Partnerships of which it is the general partner. The Founding Members of BMA III have shared power to vote or to direct the vote of, and to dispose or to direct the disposition of, the shares of Preferred Stock or Common Stock that may be deemed to be beneficially owned by BMA III. As a result, each of such Founding Members may be deemed to beneficially own the shares of Preferred Stock or Common Stock that BMA III may be deemed to beneficially own. Each of BMA III and each Founding Member disclaims beneficial ownership of such shares. LJH, acting through its sole general partner Lamont, has the sole power to vote or to direct the vote, and to dispose or to direct the disposition of, the Preferred Stock or Common Stock owned by it. As a result, for purposes of section 13(d) of the Act, Lamont may be deemed to beneficially own the shares of Preferred Stock or Common Stock directly owned by LJH of which it is the general partner. Mr. Douglas S. Luke, as the sole managing member of Lamont, has sole power to vote or to direct the vote of, and to dispose or to direct the disposition of, the shares of Preferred Stock or Common Stock that may be deemed to be beneficially owned by Lamont. As a result, Mr. Luke may be deemed to beneficially own the shares of Preferred Stock or Common Stock that Lamont may be deemed to beneficially own. Each of Lamont and Mr. Luke disclaims beneficial ownership of such shares. Page 19 of 24 Pages Robert C. Fanch Revocable Trust, acting through its trustee Mr. Robert C. Fanch, has the sole power to vote or to direct the vote, and to dispose or to direct the disposition of, the Preferred Stock or Common Stock owned by it. As a result, for purposes of section 13(d) of the Act, Mr. Fanch may be deemed to beneficially own the shares of Preferred Stock or Common Stock directly owned by Robert C. Fanch Revocable Trust, of which Mr. Fanch is the sole trustee. Mr. Fanch disclaims beneficial ownership of such shares. BCI II, acting through its managing member Mr. William J. Bresnan, has the sole power to vote or to direct the vote, and to dispose or to direct the disposition of, the Preferred Stock or Common Stock owned by it. As a result, for purposes of section 13(d) of the Act, Mr. Bresnan may be deemed to beneficially own the shares of Preferred Stock or Common Stock directly owned by BCI II of which Mr. Bresnan is the managing member. Mr. Bresnan disclaims beneficial ownership of such shares. The Blackstone Partnerships, LJH, Robert C. Fanch Revocable Trust, BCI II and certain other investors (collectively, the "Equity Investors") may be considered to have acted or to be acting in concert with respect to the shares of the Preferred Stock or Common Stock referred to in Item 4, and consequently, the Equity Investors may be deemed to constitute a "group" for purposes of Section 13(d) of the Exchange Act. The Blackstone Persons disclaim membership in any such "group" with the LJH Persons, the Fanch Persons or the BCI Persons. Similarly, (i) the LJH Persons disclaim membership in any such "group" with the Blackstone Persons, the Fanch Persons or the BCI Persons, (ii) the Fanch Persons disclaim membership in any such "group" with the Blackstone Persons, the LJH Persons or the BCI Persons and (iii) the BCI Persons disclaim membership in any such "group" with the Blackstone Persons, the LJH Persons or the Fanch Persons. (c) None of the Reporting Persons has beneficial ownership of, or has engaged in any transaction during the past 60 days in, any shares of Preferred Stock or Common Stock, except as disclosed in this Schedule 13D. (d) No person, other than the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Preferred Stock or Common Stock referred to in this Item 5. (e) Not applicable. Item 6. Contracts, Arrangement or Understandings with Respect to Securities of the Issuer. The responses to Items 3, 4 and 5 of this Schedule 13D and Exhibits 2, 3, and 4 are incorporated herein by reference. Except as set forth in this Statement, the Reporting Persons do not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Company, including but not limited to, transfer or voting of any of the securities of the Company, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, or a pledge or contingency the occurrence of which would give another person voting power over the securities of the Company. Page 20 of 24 Pages Item 7. Material to be Filed as Exhibits. 1. Joint Filing Agreement 2. Stock Purchase Agreement, dated as of December 23, 1999, among the Company, Blackstone Capital Partners III Merchant Banking Fund and the other Purchasers Party thereto (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K of the Company, filed on December 28, 1999). 3. Certificate of Designations, Preferences and Relative, Optional and Other Special Rights of 9.2% Series D Junior Cumulative Convertible Preferred Stock (incorporated by reference to Exhibit 99.2 to the Current Report on Form 8-K of the Company, filed on December 28, 1999). 4. Letter Agreement, dated December 23, 1999, among the Company, Apollo Investment Fund IV, L.P., Apollo Overseas Partners IV, L.P. and Blackstone Capital Partners III Merchant Banking Fund L.P. Page 21 of 24 Pages 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. BLACKSTONE CCC CAPITAL PARTNERS L.P. By: BLACKSTONE MANAGEMENT ASSOCIATES III L.L.C. By: /s/ Chinh Chu ---------------------------------- Name: Chinh Chu Title: Member BLACKSTONE CCC OFFSHORE CAPITAL PARTNERS L.P. By: BLACKSTONE MANAGEMENT ASSOCIATES III L.L.C. By: /s/ Chinh Chu ---------------------------------- Name: Chinh Chu Title: Member BLACKSTONE FAMILY INVESTMENT PARTNERSHIP III L.P. By: BLACKSTONE MANAGEMENT ASSOCIATES III L.L.C. By: /s/ Chinh Chu ---------------------------------- Name: Chinh Chu Title: Member Page 22 of 24 Pages BLACKSTONE MANAGEMENT ASSOCIATES III L.L.C. By: /s/ Chinh Chu ---------------------------------- Name: Chinh Chu Title: Member /s/ Peter G. Peterson ------------------------------------- PETER G. PETERSON /s/ Stephen A. Schwarzman ------------------------------------- STEPHEN A. SCHWARZMAN LJH PARTNERS, L.P. By: Lamont Partners, LLC, its General Partner By: /s/ Douglas S. Luke ---------------------------------- Name: Douglas S. Luke Title: Managing Member LAMONT PARTNERS, LLC By: /s/ Douglas S. Luke ---------------------------------- Name: Douglas S. Luke Title: Managing Member /s/ Douglas S. Luke ------------------------------------- DOUGLAS S. LUKE Page 23 of 24 Pages ROBERT C. FANCH REVOCABLE TRUST By: /s/ Robert C. Fanch ---------------------------------- Name: Robert C. Fanch Title: Trustee /s/ Robert C. Fanch ------------------------------------- ROBERT C. FANCH BCI INVESTMENTS II, LLC By: /s/ William J. Bresnan ---------------------------------- Name: William J. Bresnan Title: Managing Member /s/ William J. Bresnan ------------------------------------- WILLIAM J. BRESNAN Dated: February 9, 2000 Page 24 of 24 Pages EXHIBIT 1 JOINT FILING AGREEMENT In accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of us of a statement on Schedule 13D relating to the Common Stock, par value $.001 per share, of Sirius Satellite Radio Inc., a Delaware corporation, and that any amendments thereto filed by any of us will be filed on behalf of each of us. This Agreement may be included as an exhibit to such joint filing. BLACKSTONE CCC CAPITAL PARTNERS L.P. By: BLACKSTONE MANAGEMENT ASSOCIATES III L.L.C. By: /s/ Chinh Chu ------------------------------------- Name: Chinh Chu Title: Member BLACKSTONE CCC OFFSHORE CAPITAL PARTNERS L.P. By: BLACKSTONE MANAGEMENT ASSOCIATES III L.L.C. By: /s/ Chinh Chu ------------------------------------- Name: Chinh Chu Title: Member BLACKSTONE FAMILY INVESTMENT PARTNERSHIP III L.P. By: BLACKSTONE MANAGEMENT ASSOCIATES III L.L.C. By: /s/ Chinh Chu ------------------------------------- Name: Chinh Chu Title: Member BLACKSTONE MANAGEMENT ASSOCIATES III L.L.C. By: /s/ Chinh Chu ------------------------------------- Name: Chinh Chu Title: Member 2 /s/ Peter G. Peterson ---------------------------------------- PETER G. PETERSON /s/ Stephen A. Schwarzman ---------------------------------------- STEPHEN A. SCHWARZMAN LJH PARTNERS, L.P. By: Lamont Partners, LLC, its General Partner By: /s/ Douglas S. Luke ------------------------------------- Name: Douglas S. Luke Title: Managing Member LAMONT PARTNERS, LLC By: /s/ Douglas S. Luke ------------------------------------- Name: Douglas S. Luke Title: Managing Member /s/ Douglas S. Luke ---------------------------------------- DOUGLAS S. LUKE 3 ROBERT C. FANCH REVOCABLE TRUST By: /s/ Robert C. Fanch ------------------------------------- Name: Robert C. Fanch Title: Trustee /s/ Robert C. Fanch ---------------------------------------- ROBERT C. FANCH BCI INVESTMENTS II, LLC By: /s/ William J. Bresnan ------------------------------------- Name: William J. Bresnan Title: Managing Member /s/ William J. Bresnan ---------------------------------------- WILLIAM J. BRESNAN Dated: February 8, 2000 EX-4 2 LETTER AGREEMENT EXHIBIT 4 [Sirius Satellite Radio Letterhead] December 23, 1999 Apollo Investment Fund IV, L.P. Apollo Overseas Partners IV, L.P. c/o Apollo Management, L.P. 1301 Avenue of the Americas, 38th Floor New York, New York 10019 Attention: Marc Rowan Blackstone Capital Partners III Merchant Banking Fund L.P. 345 Park Avenue, 31st Floor New York, New York 10154 Attention: Chinh Chu Dear Ladies and Gentlemen: Sirius Satellite Radio Inc. (the "Company") expects to enter into a Stock Purchase Agreement in the form attached hereto as Exhibit A (the "Stock Purchase Agreement") with Blackstone Capital Partners III Merchant Banking Fund L.P. (together with its successors and permitted assigns, the "Purchasers") pursuant to which the Purchasers will agree to purchase from the Company 2,000,000 shares of 9.2% Series D Junior Cumulative Convertible Preferred Stock, par value $0.001 per share (the "Series D Preferred Stock"), of the Company having the terms contained in the Certificate of Designations, Preferences and Relative, Participating, Optional and Other Special Rights attached as Exhibit B to this letter (the "Series D Certificate of Designations"). Apollo Investment Fund IV, L.P. ("AIF IV") and Apollo Overseas Partners IV, L.P. ("AOP IV", and together with AIF IV, the "Apollo Investors") are the sole holders of the Company's 9.2% Series A Junior Cumulative Preferred Stock ("Series A Preferred Stock") and the Company's 9.2% Series B Junior Cumulative Preferred Stock (the "Series B Preferred Stock"). This letter sets forth the agreement among the Company, the Apollo Investors and the Purchasers regarding certain matters in connection with the sale and issuance of the Series D Preferred Stock. 1. The Apollo Investors hereby irrevocably consent to the authorization, creation and issuance by the Company, pursuant to the Stock Purchase Agreement, of (i) Series D Preferred Stock having an initial aggregate stated value of -2- $200,000,000 and having the terms set forth in the Series D Certificate of Designations and (ii) any Dividend Shares (as defined in the Stock Purchase Agreement) having the terms set forth in the Series D Certificate of Designations. The Company acknowledges that the Series D Preferred Stock and Dividend Shares consented to by this letter shall count towards the $200 million Parity Stock "basket" provided for in Section 8(b)(iii) of the Series A Preferred Stock Certificate and the Series B Preferred Stock Certificate (as defined below); provided that the consent of the holders of the Series A Preferred Stock and Series B Preferred Stock shall not be required for the issuance of any Dividend Shares. 2. The Company hereby agrees that it will not exercise its rights contained in Section 4(a)(1) of the respective Certificates of Designations, Preferences and Relative, Participating, Optional and Other Special Rights relating to the Series A Preferred Stock and the Series B Preferred Stock (respectively, the "Series A Preferred Stock Certificate" and the "Series B Preferred Stock Certificate") to redeem any Series A Preferred Stock (provided the Apollo Investors continue to own any shares of Series A Preferred Stock) or Series B Preferred Stock (provided the Apollo Investors continue to own any shares of Series B Preferred Stock) prior to the date the Series D Preferred Stock is redeemable pursuant to Section 4(a)(1) of the Series D Certificate of Designations. 3. The Apollo Investors agree that, notwithstanding Section 9.1(d) of the Stock Purchase Agreement dated November 13, 1998 (as amended, the "Apollo Agreement"), after December 23, 2001 the Holders (as defined in the Stock Purchase Agreement) shall have "piggyback" rights pursuant to Section 9.2 of the Stock Purchase Agreement with respect to any registration statement filed by the Company as a result of a demand by the Apollo Investors pursuant to Section 9.1 of the Apollo Agreement (an "Apollo Demand Registration"). Prior to December 23, 2001, the Holders (as defined in the Stock Purchase Agreement) shall also have "piggyback" rights pursuant to Section 9.2 of the Stock Purchase Agreement; provided, however, that, with respect to any registration of shares by the Company on behalf of itself or any shareholder pursuant to any "demand" registration rights existing as of the date hereof, if the lead underwriter reasonably determines in good faith that marketing or other factors, including impact on price, require any reduction of or limitation on the number of shares to be included in such offering, all shares relating to the Series D Preferred Stock shall be excluded from the offering and/or sale before any Protected Shares are reduced or excluded from the offering or sale, and any shares other than the Protected Shares shall be offered and sold on a pro-rata basis based on the number of such other shares offered for sale by the holders of such other shares. "Protected Shares" means all Registrable Securities (as defined in the Apollo Agreement), the anticipated proceeds of -3- which (in the relevant offering) when added to the aggregate proceeds of all previous sales (in one or more transactions), other than sales to any affiliates of the Apollo Investors, of common stock of the Company, is less than or equal to $100,000,000. 4. Subject to any limitation or restriction of rights contained in paragraph 3, each of the Purchasers and the Apollo Investors agree that in the event the Series A Preferred Stock, Series B Preferred Stock or Series D Preferred Stock has "piggyback" rights (including pursuant to Section 9.2 of the Apollo Agreement or Section 9.2 of the Stock Purchase Agreement) with respect to a registered public offering in which the lead underwriter advises the Company that marketing factors require a limitation on the number of shares that can be underwritten, the reduction in the shares to be offered pursuant to such offering shall be reduced among the Holders (as defined in the Apollo Agreement) and the Holders (as defined in the Stock Purchase Agreement) on a pro rata basis based upon the amount of shares that each respective group of holders had requested that the Company include in such offering. Subject to any limitations or restrictions of rights contained in paragraph 3, the foregoing sentence shall apply regardless of whether the relevant registration was initiated or demanded by any of the Holders (as defined in the Apollo Agreement) or the Holders (as defined in the Stock Purchase Agreement). 5. Anything in the Stock Purchase Agreement or the Apollo Agreement to the contrary notwithstanding, each of the Company, the Purchasers and the Apollo Investors hereby agrees that it will not amend (or vote any securities of the Company in favor of amending) Sections 3(a)(3), 4(a)(1) or 9(a) of the Series D Certificate of Designations unless such amendment is approved by a majority of the outstanding Series A Preferred Stock (provided the Apollo Investors continue to own any shares of Series A Preferred Stock) and Series B Preferred Stock (provided the Apollo Investors continue to own any shares of Series B Preferred Stock), acting as a single class. The agreements contained in paragraph 4 and paragraph 5 of this letter shall be enforceable by and are intended to benefit the Holders (as defined in the Apollo Agreement) and the Holders (as defined in the Stock Purchase Agreement) and shall be enforceable by them against the parties hereto. This letter and the rights and the duties of the parties hereto shall be governed by, and construed in accordance with, the laws of the State of New York. This letter may be -4- executed in counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same instrument. Very truly yours, SIRIUS SATELLITE RADIO INC. By: /s/ Patrick L. Donnelly ---------------------------------------- Patrick L. Donnelly Senior Vice President and General Counsel Accepted and agreed to as of the date first above written: APOLLO INVESTMENT FUND IV, L.P. By: Apollo Advisors, IV, L.P., its general partner By: Apollo Capital Management IV, Inc., its general partner By: /s/ Andrew Africk ----------------------------------- Name: Andrew Africk Title: Vice President APOLLO OVERSEAS PARTNERS IV, L.P. By: Apollo Advisors, IV, L.P., its general partner By: Apollo Capital Management IV, Inc., its general partner By: /s/ Andrew Africk ----------------------------------- Name: Andrew Africk Title: Vice President BLACKSTONE CAPITAL PARTNERS III MERCHANT BANKING FUND L.P. By: Blackstone Management Associates III, L.L.C., its General Partner By: /s/ Chinh Chu ----------------------------------- Name: Chinh Chu Title: Member -----END PRIVACY-ENHANCED MESSAGE-----