-----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, Anu92eszAX6iI+seSHkWAHcnuQ3XE30lUmyLl0hykEEaVN/DOcOw23/l6B1b8pbD GJt1kD1jCsd7LCt5ngCfKw== 0001104659-07-020429.txt : 20070319 0001104659-07-020429.hdr.sgml : 20070319 20070319165252 ACCESSION NUMBER: 0001104659-07-020429 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070316 FILED AS OF DATE: 20070319 DATE AS OF CHANGE: 20070319 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TONTINE CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001272374 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50300 FILM NUMBER: 07703899 MAIL ADDRESS: STREET 1: C/O TORTINE PARTNERS LP STREET 2: 55 RAILRAOD AVENUE 3RD FL CITY: GREENWICH STATE: CT ZIP: 06830 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GENDELL JEFFREY L ET AL CENTRAL INDEX KEY: 0000948904 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50300 FILM NUMBER: 07703901 BUSINESS ADDRESS: STREET 1: 31 WEST 52ND ST STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 MAIL ADDRESS: STREET 2: 200 PARK AVENUE SUITE 3900 CITY: NEW YORK STATE: NY ZIP: 10166 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WHEELING PITTSBURGH CORP /DE/ CENTRAL INDEX KEY: 0000941738 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 550309927 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1134 MARKET STREET CITY: WHEELING STATE: WV ZIP: 26003 BUSINESS PHONE: 3042342460 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TONTINE MANAGEMENT LLC CENTRAL INDEX KEY: 0001268959 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50300 FILM NUMBER: 07703898 BUSINESS ADDRESS: STREET 1: 55 RAILROAD AVENUE 3RD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2037692000 MAIL ADDRESS: STREET 1: 55 RAILROAD AVENUE 3RD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TONTINE PARTNERS L P CENTRAL INDEX KEY: 0001269122 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50300 FILM NUMBER: 07703894 BUSINESS ADDRESS: STREET 1: 55 RAILROAD AVENUE 3RD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2037692000 MAIL ADDRESS: STREET 1: 55 RAILROAD AVENUE 3RD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TONTINE CAPITAL PARTNERS L P CENTRAL INDEX KEY: 0001276922 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50300 FILM NUMBER: 07703900 BUSINESS ADDRESS: STREET 1: C/O TONTINE CAPITAL MANAGEMENT LLC LP STREET 2: 55 RAILROAD AVENUE 3RD FL CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2037692000 MAIL ADDRESS: STREET 1: C/O TONTINE CAPITAL MANAGEMENT LLC LP STREET 2: 55 RAILROAD AVENUE 3RD FL CITY: GREENWICH STATE: CT ZIP: 06830 4 1 a4.xml 4 X0202 4 2007-03-16 0 0000941738 WHEELING PITTSBURGH CORP /DE/ WPSC 0000948904 GENDELL JEFFREY L ET AL C/O TONTINE CAPITAL MANAGEMENT, L.L.C. 55 RAILROAD AVENUE, 1ST FLOOR GREENWICH CT 06830 0 0 1 0 0001276922 TONTINE CAPITAL PARTNERS L P C/O TONTINE CAPITAL MANAGEMENT, L.L.C. 55 RAILROAD AVENUE, 1ST FLOOR GREENWICH CT 06830 0 0 1 0 0001272374 TONTINE CAPITAL MANAGEMENT LLC C/O TONTINE CAPITAL MANAGEMENT, L.L.C. 55 RAILROAD AVENUE, 1ST FLOOR GREENWICH CT 06830 0 0 1 0 0001268959 TONTINE MANAGEMENT LLC C/O TONTINE CAPITAL MANAGEMENT, L.L.C. 55 RAILROAD AVENUE, 1ST FLOOR GREENWICH CT 06830 0 0 1 0 0001269122 TONTINE PARTNERS L P C/O TONTINE CAPITAL MANAGEMENT, L.L.C. 55 RAILROAD AVENUE, 1ST FLOOR GREENWICH CT 06830 0 0 1 0 Senior Subordinated Unsecured Convertible Promissory Note 20.00 2007-03-16 4 P 0 19877475 19877475 A 2008-01-01 2008-11-15 Common Stock 19877475 19877475 I See footnote Senior Subordinated Unsecured Convertible Promissory Note 20.00 2007-03-16 4 P 0 2622525 2622525 A 2008-01-01 2008-11-15 Common Stock 2622525 2622525 I See footnote Jeffrey L. Gendell ("Mr. Gendell") is the managing member of Tontine Capital Management, L.L.C. ("TCM"), a Delaware limited liability company, the general partner of Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"). Mr. Gendell is the managing member of Tontine Management, L.L.C. ("TM"), a Delaware limited liability company, the general partner of Tontine Partners, L.P., a Delaware limited partnership ("TP"). Mr. Gendell is the managing member of Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), the general partner of Tontine Capital Overseas Master Fund, L.P., a Cayman Islands limited partnership ("TMF"). Mr. Gendell is also the managing member of Tontine Overseas Associates, L.L.C., a Delaware limited liability company ("TOA"), the investment advisor to Tontine Overseas Fund, Ltd., a Cayman Islands corporation ("TOF"). Mr. Gendell directly owns 0 shares of the Common Stock. TP directly owns 768,523 shares of Common Stock. TOF directly owns 458,821 shares of Common Stock. TMF directly owns 214,703 shares of Common Stock. TCP directly owns 450,310 shares of Common Stock. TCM directly owns 76,424 shares of Common Stock. TCP also holds a senior subordinated unsecured convertible promissory note in the original principal amount of $19,877,475 and TMF holds a senior subordinated unsecured convertible promissory note in the original principal amount of $2,622,525 (collectively, the "Notes"), which are convertible into shares of Common Stock as described in footnotes (4),(5). All of the foregoing shares of Common Stock and the shares of Common Stock underlying the Notes may be deemed to be beneficially owned by Mr. Gendell. Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TM, TP, TCO, TMF, TOA and TOF. On March 16, 2007, TCP and TMF purchased the Notes. The Notes are convertible at the option of the holders into shares of Common Stock beginning January 1, 2008 (subject to extension through March 1, 2008 on agreement of the parties in certain circumstances) (this date, as it may be extended, the "Reset Date"), and are automatically convertible upon a change of control transaction involving the Company per the terms of the Notes. The conversion price of the Notes is $20.00 per share of Common Stock until the Reset Date, and on the Reset Date the conversion price will automatically adjust to the dollar amount equal to 85% of the average reported closing price of a share of Common Stock over the five (5) trading day period ending on the trading day prior to the Reset Date. The adjusted conversion price may not be more than $20.00 or less than $15.00. The number of shares of Common Stock into which each Note is convertible is calculated as the quotient of: (a) the dollar amount of outstanding principal plus accrued but unpaid interest, divided by (b) the applicable conversion price. The conversion price is subject to adjustment for subdivisions, combinations and reclassifications of the Common Stock. The Notes mature on November 15, 2008. Tontine Capital Partners, L.P., By: its General Partner, Tontine Capital Management, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell 2007-03-19 Tontine Capital Management, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell 2007-03-19 Tontine Partners, L.P., By: its General Partner, Tontine Management, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell 2007-03-19 Tontine Management, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell 2007-03-19 /s/ Jeffrey L. Gendell 2007-03-19 -----END PRIVACY-ENHANCED MESSAGE-----