-----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, JA6tgghjf2mICchBWr+uxoVbK5Zvfd9xWEyQ1G4+g+NrWlvwoSBEqjNymxJ8whWL rKLDSpIZtpgqaFGE6NWcCQ== 0000950134-03-013679.txt : 20031020 0000950134-03-013679.hdr.sgml : 20031020 20031020155112 ACCESSION NUMBER: 0000950134-03-013679 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20031020 GROUP MEMBERS: HIGHLAND CRUSADER OFFSHORE PARTNERS LP GROUP MEMBERS: HIGHLAND LEGACY LIMITED GROUP MEMBERS: JAMES DONDERO GROUP MEMBERS: PAMCO CAYMON LIMITED GROUP MEMBERS: PROSPECT STREET HIGH INCOME PORTFOLIO INC GROUP MEMBERS: PROSPECT STREET INCOME SHARES INC GROUP MEMBERS: STRAND ADVISORS INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MOTIENT CORP CENTRAL INDEX KEY: 0000913665 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 930976127 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42503 FILM NUMBER: 03947841 BUSINESS ADDRESS: STREET 1: 10802 PARKRIDGE BLVD CITY: RESTON STATE: VA ZIP: 20191-5416 BUSINESS PHONE: 7037586000 MAIL ADDRESS: STREET 1: 10802 PARKRIDGE BLVD CITY: RESTON STATE: VA ZIP: 20191-5416 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN MOBILE SATELLITE CORP DATE OF NAME CHANGE: 19931019 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHLAND CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001167365 IRS NUMBER: 752716725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 13455 NOEL ROAD STE 1300 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 9726284100 MAIL ADDRESS: STREET 1: 13455 NOEL ROAD STE 1300 CITY: DALLAS STATE: TX ZIP: 75240 SC 13D/A 1 d09788a1sc13dza.txt AMENDMENT NO. 1 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 1)* Motient Corporation ------------------- (Name of Issuer) Common Stock, par value $0.01 per share --------------------------------------- (Title of Class of Securities) 619908304 -------------- (CUSIP Number) Patrick H. Daugherty Two Galleria Tower, 13455 Noel Road, Suite 1300 Dallas, Texas 75240 (972) 628-4100 --------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 15, 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. See Rule 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 17 SCHEDULE 13D CUSIP No. 619908304 Page 2 of 17 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) HIGHLAND CAPITAL MANAGEMENT, L.P. 75-2716725 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 2,797,014 SHARES WITH ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,797,014 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,797,014 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] (See Instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN, IA - -------------------------------------------------------------------------------- Page 2 of 17 SCHEDULE 13D CUSIP No. 619908304 Page 3 of 17 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) STRAND ADVISORS, INC. 95-4440863 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 2,797,014 SHARES WITH ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,797,014 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,797,014 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] (See Instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- Page 3 of 17 SCHEDULE 13D CUSIP No. 619908304 Page 4 of 17 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) JAMES DONDERO - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 2,797,014 SHARES WITH ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,797,014 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,797,014 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] (See Instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- Page 4 of 17 SCHEDULE 13D CUSIP No. 619908304 Page 5 of 17 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) PROSPECT STREET HIGH INCOME PORTFOLIO, INC. 04-3028343 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION MARYLAND - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 1,155,224 SHARES WITH ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,155,224 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,155,224 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] (See Instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4,6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO,IV - -------------------------------------------------------------------------------- Page 5 of 17 SCHEDULE 13D CUSIP No. 619908304 Page 6 of 17 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) PROSPECT STREET INCOME SHARES INC. 36-2765811 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION MARYLAND - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 111,940 SHARES WITH ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 111,940 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 111,940 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] (See Instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO,IV - -------------------------------------------------------------------------------- Page 6 of 17 SCHEDULE 13D CUSIP No. 619908304 Page 7 of 17 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) HIGHLAND LEGACY, LIMITED - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 223,880 SHARES WITH ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 223,880 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 223,880 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] (See Instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 7 of 17 SCHEDULE 13D CUSIP No. 619908304 Page 8 of 17 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) HIGHLAND CRUSADER OFFSHORE PARTNERS, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION BERMUDA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 1,082,090 SHARES WITH ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,082,090 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,082,090 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] (See Instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 8 of 17 SCHEDULE 13D CUSIP No. 619908304 Page 9 of 17 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) PAMCO CAYMAN, LIMITED - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 223,880 SHARES WITH ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 223,880 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 223,880 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] (See Instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- Page 9 of 17 This Amendment No. 1 to Schedule 13D (this "Amendment") amends and supplements the Schedule 13D filed on June 10, 2002. This Statement is being filed by Highland Capital Management, L.P., a Delaware limited partnership ("HIGHLAND CAPITAL"), Strand Advisors, Inc., a Delaware corporation ("STRAND"), James Dondero, a United States citizen ("DONDERO"), Prospect Street High Income Portfolio, Inc., a Maryland corporation and closed end mutual fund registered under the Investment Company Act of 1940 ("PROSPECT PORTFOLIO"), Prospect Street Income Shares Inc., a Maryland Corporation and closed end mutual fund registered under the Investment Company Act of 1940 ("PROSPECT SHARES"), Highland Legacy, Limited, a Cayman Islands limited partnership ("LEGACY"), PAM Capital Funding, L.P., a Cayman Islands limited partnership ("PAM CAPITAL"), PAMCO Cayman, Limited, a Cayman Islands limited partnership ("PAMCO") (all of the foregoing collectively, the "REPORTING PERSONS" and individually the "REPORTING PERSON"). Unless set forth below, all previous Items are unchanged. Capitalized terms used herein which are not defined herein have the meanings given to them in the Schedule 13D previously filed with the Securities and Exchange Commission. Item 2. Identity and Background. Item 2 is amended to add the following: Highland Crusader Offshore Partners, L.P., a Bermuda limited partnership ("CRUSADER") is hereby added as a Reporting Person. The principal business address and office of Crusader is c/o MQ Services Limited, Bermuda Commercial Bank Building, 44 Church Street, Hamilton HM12, Bermuda. A copy of the agreement among the Reporting Persons with respect to their joint filing of this Schedule is attached hereto as Exhibit 1. The principal business of Highland Capital, a registered investment advisor, is acting as investment advisor to various investment companies, including Prospect Portfolio, Prospect Shares, Legacy, PAM Capital, PAMCO, and Crusader. The principal business of Crusader is purchasing and holding securities for investment purposes. The general partner of Crusader is Highland Capital Management, L.P., a Delaware limited partnership. The principal business address and office of Crusader is c/o MQ Services Limited, Bermuda Commercial Bank Building, 44 Church Street, Hamilton HM12, Bermuda. Pursuant to the management agreement between Highland Capital and Crusader, Highland Capital exercises all voting and dispositive powers with respect to securities held by such Reporting Persons. Item 3. Source and Amount of Funds or Other Consideration. Item 3 is amended to add the following: On October 15, 2003, PAM Capital transferred 1,082,090 shares of common stock to Crusader. Total ownership of Motient Corporation common stock by PAM Capital after the transfer is zero. Crusader is now the record owner of 1,082,090 shares of Motient Corporation common stock. Item 5. Interest in Securities of the Issuer. Item 5 is amended in its entirety by substituting the following: (a) The Reporting Persons may be deemed to beneficially own in the aggregate 2,797,014 shares Page 10 of 17 of Common Stock, representing approximately 11.2% of the outstanding shares of Common Stock (based on 25,000,000 shares of Common Stock reported as outstanding as of May 1, 2002 in the Issuer's Registration Statement on Form S-1/A filed May 22, 2002 (Reg. No. 333-87844)). The following table sets forth the number of shares of Common Stock directly owned by each of the Reporting Persons.
NUMBER PERCENTAGE OF OF SHARES OUTSTANDING HOLDER DIRECTLY HELD SHARES ------ ------------- ------------ Dondero ................................................ 0 -- Prospect Portfolio ..................................... 1,155,224 4.6% Prospect Shares ........................................ 111,940 0.4% Legacy ................................................. 223,880 0.9% PAM Capital ............................................ 0 -- Crusader ............................................... 1,082,090 4.3% PAMCO .................................................. 223,880 0.9% --------- ---- TOTAL .................................................. 2,797,014 11.2%
Highland Capital, Strand and Dondero are deemed to beneficially 2,797,014 shares of Common Stock, representing 11.2% of the Issuer's outstanding Common Stock. The Common Stock deemed to be beneficially owned by Highland Capital, Strand and Dondero includes all of the Common Stock held by the Reporting Persons. (b) Highland Capital, as the investment advisor to Prospect Portfolio, Prospect Shares, Legacy, PAM Capital, PAMCO and Crusader, has the shared power to vote, dispose of, or direct the voting or disposal of all of the shares of Common Stock held by such Reporting Persons. Strand, as the general partner of Highland Capital, has the shared power to vote, dispose of, or direct the voting or disposal of all of the shares of Common Stock held by Prospect Portfolio, Prospect Shares, Legacy, PAM Capital, PAMCO, and Crusader. Dondero, as the President of Highland Capital, and the President and a director of Strand, Prospect Portfolio, and Prospect Shares, has the shared power to vote, dispose of, or direct the voting or disposal of all of the shares of Common Stock held by all of the other Reporting Persons. Dondero disclaims beneficial ownership of all such Common Stock held by the other Reporting Persons. Prospect Portfolio, Prospect Shares, Legacy, PAM Capital, PAMCO, and Crusader share the power to vote, dispose of, or direct the voting or disposal of the shares of Common Stock listed as directly held by each such entity with Highland Capital, Strand and Dondero. (c) Dondero purchased 200,000 shares of the Issuer's pre-reorganization Common Stock in a secondary market transaction for $0.04 per share on May 6, 2002. These shares were subsequently converted into Warrants pursuant to the Plan. Except as described in this Schedule 13D, no transactions in the shares of Common Stock were effected by the Reporting Persons, or to their knowledge, any of the persons listed on Appendix I to this Schedule, during the past sixty days. Page 11 of 17 (d) To the knowledge of the Reporting Persons, except as otherwise described in this Schedule, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock deemed by to be beneficially owned by the Reporting Persons. (e) Not applicable. Item 7. Material to be Filed as Exhibits. Item 7 is hereby amended in its entirety by substituting the following: Exhibit 1. Joint Filing Agreement between Highland Capital, Strand, Dondero, Prospect Portfolio, Prospect Shares, Legacy, PAMCO, and Crusader. Page 12 of 17 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. Date: October 20, 2003 HIGHLAND CAPITAL MANAGEMENT, L.P., A DELAWARE LIMITED PARTNERSHIP By: Strand Advisors, Inc., a Delaware corporation, its general partner By: /s/ James Dondero ---------------------------------------- Name: James Dondero -------------------------------------- Title: President ------------------------------------- STRAND ADVISORS, INC., A DELAWARE CORPORATION By: /s/ James Dondero ---------------------------------------- Name: James Dondero -------------------------------------- Title: President ------------------------------------- PROSPECT STREET HIGH INCOME PORTFOLIO, INC., A MARYLAND CORPORATION By: /s/ James Dondero ---------------------------------------- Name: James Dondero -------------------------------------- Title: President ------------------------------------- PROSPECT STREET INCOME SHARES INC., A MARYLAND CORPORATION By: /s/ James Dondero ---------------------------------------- Name: James Dondero -------------------------------------- Title: President ------------------------------------- HIGHLAND LEGACY, LIMITED, A CAYMAN ISLANDS LIMITED PARTNERSHIP By: Highland Capital Management, L.P., a Delaware limited partnership and its collateral manager By: Strand Advisors, Inc., a Delaware corporation, Highland Capital Management, L.P.'s general partner By: /s/ James Dondero ---------------------------------------- Name: James Dondero -------------------------------------- Title: President ------------------------------------- HIGHLAND CRUSADER OFFSHORE PARTNERS, L.P., A BERMUDA LIMITED PARTNERSHIP By: Highland Capital Management, L.P., a Delaware limited partnership and its general partner By: Strand Advisors, Inc., a Delaware corporation, Highland Capital Management, L.P.'s general partner By: /s/ James Dondero ---------------------------------------- Name: James Dondero -------------------------------------- Title: President ------------------------------------- PAMCO CAYMAN, LIMITED, A CAYMAN ISLANDS LIMITED PARTNERSHIP By: Highland Capital Management, L.P., a Delaware limited partnership and its collateral manager By: Strand Advisors, Inc., a Delaware corporation, Highland Capital Management, L.P.'s general partner By: /s/ James Dondero ---------------------------------------- Name: James Dondero -------------------------------------- Title: President ------------------------------------- EXHIBIT INDEX Exhibit 1. Joint Filing Agreement between Highland Capital, Strand, Dondero, Prospect Portfolio, Prospect Shares, Legacy, PAMCO and Crusader. EX-1 3 d09788a1exv1.txt JOINT FILING AGREEMENT EXHIBIT 1 JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13D filed herewith, relating to the common stock, $0.01 par value, of Motient Corporation, is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, on behalf of each such person. IN WITNESS WHEREOF, the undersigned have executed this Joint Filing Agreement. Date: October 20, 2003 HIGHLAND CAPITAL MANAGEMENT, L.P., A DELAWARE LIMITED PARTNERSHIP By: Strand Advisors, Inc., a Maryland corporation, its general partner By: /s/ James Dondero ------------------------------- Name: James Dondero ----------------------------- Title: President ---------------------------- STRAND ADVISORS, INC., A MARYLAND CORPORATION By: /s/ James Dondero ------------------------------- Name: James Dondero ----------------------------- Title: President ---------------------------- PROSPECT STREET HIGH INCOME PORTFOLIO, INC., A MARYLAND CORPORATION By: /s/ James Dondero ------------------------------- Name: James Dondero ----------------------------- Title: President ---------------------------- PROSPECT STREET INCOME SHARES INC., A MARYLAND CORPORATION By: /s/ James Dondero ------------------------------- Name: James Dondero ----------------------------- Title: President ---------------------------- HIGHLAND LEGACY LIMITED, A CAYMAN ISLANDS LIMITED PARTNERSHIP By: Highland Capital Management, L.P., a Delaware limited partnership and its collateral manager By: Strand Advisors, Inc., a Delaware corporation, Highland Capital Management, L.P.'s general partner By: /s/ James Dondero ------------------------------- Name: James Dondero ----------------------------- Title: President ---------------------------- HIGHLAND CRUSADER OFFSHORE PARTNERS, L.P., A BERMUDA LIMITED PARTNERSHIP By: Highland Capital Management, L.P., a Delaware limited partnership and its general partner By: Strand Advisors, Inc., a Delaware corporation, Highland Capital Management, L.P.'s general partner By: /s/ James Dondero ------------------------------- Name: James Dondero ----------------------------- Title: President ---------------------------- PAMCO CAYMAN, LIMITED, A CAYMAN ISLANDS LIMITED PARTNERSHIP By: Highland Capital Management, L.P., a Delaware limited partnership and its collateral manager By: Strand Advisors, Inc., a Delaware corporation, Highland Capital Management, L.P.'s general partner By: /s/ James Dondero ------------------------------- Name: James Dondero ----------------------------- Title: President ---------------------------- -----END PRIVACY-ENHANCED MESSAGE-----