| Form 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section
16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| (Print or Type Responses) | ||||||
| 1. |
Name and Address of Reporting Person* | |||||
| Bay Harbour Management, L.C. |
||||||
| | ||||||
| (Last)
(First)
(Middle) | ||||||
| 885 Third Avenue, 34th Floor |
||||||
| | ||||||
|
(Street) | ||||||
| New
York NY
10022 | ||||||
| | ||||||
| (City)
(State)
(Zip) | ||||||
| 2. |
Date of Event Requiring Statement (Month/Day/Year) | |||||
| 8/20/02 | ||||||
| 3. |
I.R.S. Identification Number of Reporting Person, if an entity (voluntary) | |||||
| 59-348243 | ||||||
| 4. |
Issuer Name and Ticker or Trading Symbol | |||||
| Motient Corporation (MNCP) |
||||||
| 5. |
Relationship of Reporting Person(s) to Issuer (Check all applicable) ¨ Director x 10% Owner ¨ Officer (give title
below) ¨ Other (specify below) | |||||
| 6. |
If Amendment, Date of Original (Month/Day/Year) | |||||
| 7. |
Individual or Joint/Group Filing (Check Applicable Line) ¨ Form filed by One
Reporting Person x Form filed by More than One Reporting Person | |||||
| Table I — Non-Derivative Securities Beneficially
Owned | ||||||
| 1. |
Title of Security (Instr. 4) | |||||
| Common Stock $.01 Par
Value | ||||||
| 2. |
Amount of Securities Beneficially Owned (Instr. 4) | |||||
| 2,665,178
| ||||||
| 3. |
Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | |||||
| I |
||||||
| 4. |
Nature of Indirect Beneficial Ownership (Instr. 5) | |||||
| (1) |
||||||
| Table II — Derivative Securities Beneficially Owned (e.g., puts, calls, warrants,
options, convertible securities) | ||||||
| 1. |
Title of Derivative Security (Instr. 4) | |||||
| 2. |
Date Exercisable and Expiration Date (Month/Day/Year) | |||||
| Date Exercisable |
Expiration Date | |||||
| 3. |
Title and Amount of Securities Underlying Derivative Security (Instr. 4) | |||||
| Title |
Amount or Number of Shares | |||||
| 4. |
Conversion or Exercise Price of Derivative Security | |||||
| 5. |
Ownership Form of Derivative Securities: Direct (D) or Indirect (I) (Instr. 5) | |||||
| 6. |
Nature of Indirect Beneficial Ownership (Instr. 5) | |||||
| Signatures on Attached Page |
8/20/02 | |
| **Signature of Reporting Person |
Date |
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
Note: |
File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.
|
| Additional Reporting Persons |
I.R.S. Identification No. | |
| Bay Harbour Management L.C. 885 Third Avenue 34th Floor New York, New York 10022 |
59-2924229 | |
| Steven A. Van Dyke 885 Third Avenue 34th Floor New York, New York 10022 |
N/A | |
| John D. Stout 885 Third Avenue 34th Floor New York, New York 10022 |
N/A | |
| Douglas P. Teitelbaum 885 Third Avenue 34th Floor New York, New York 10022 |
N/A |
| By: /S/ STEVEN A. VAN DYKE | ||
| Dated: August 20, 2002 |
Name: Steven A. Van Dyke | |
| Title: President | ||
| Dated: August 20, 2002 |
/S/ STEVEN A. VAN DYKE | |
| Steven A. Van Dyke | ||
| Dated: August 20, 2002 |
/S/ DOUGLAS P. TEITELBAUM | |
| Douglas P. Teitelbaum | ||
| Dated: August 20, 2002 |
/S/ JOHN D. STOUT | |
| John D. Stout |