SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)/1/
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Sirius Satellite Radio Inc.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
82966U-10-3
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(CUSIP Number)
Apollo Management IV, L.P.
1999 Avenue of the Stars
Suite 1900
Los Angeles, California 90067
(310) 201-4100
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 10, 2001
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(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.
/1/ The remainder of this cover page shall be filled out for a reporting
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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 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).
CUSIP No. 82966U-10-3 13D Page 2 of 6 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY)
Apollo Investment Fund IV, L.P.
13-3985622
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
8,255,370
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 8,704,700
OWNED BY
EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 8,255,370
10 SHARED DISPOSITIVE POWER
8,704,700
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,704,700
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 82966U-10-3 13D Page 3 of 6 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Apollo Overseas Partners IV, L.P.
98-0191324
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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7 SOLE VOTING POWER
449,330
NUMBER OF -----------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 8,704,700
OWNED BY ------------------------------------------------------------------------------------
EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 449,330
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10 SHARED DISPOSITIVE POWER
8,704,700
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,704,700
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 82966U-10-3 13D Page 4 of 6 Pages
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15 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Apollo Advisors IV, L.P.
13-3983717
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16 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [_]
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17 SEC USE ONLY
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18 SOURCE OF FUNDS*
OO
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19 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
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20 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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21 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------------------------------
SHARES 22 SHARED VOTING POWER
BENEFICIALLY 8,704,700
OWNED BY ---------------------------------------------------------------------------------------
EACH REPORTING 23 SOLE DISPOSITIVE POWER
PERSON WITH 0
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24 SHARED DISPOSITIVE POWER
8,704,700
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25 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,704,700
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26 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [_]
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27 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.2%
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28 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
This Amendment No. 4 amends the Schedule 13D originally filed on November
24, 1998, as amended by Amendment No. 1 filed on January 4, 1999, Amendment No.
2 filed on October 28, 1999 and Amendment No. 3 filed on April 10, 2001 (the
"Schedule 13D"), by Apollo Investment Fund IV, L.P., a Delaware limited
partnership ("AIFIV"), Apollo Overseas Partners IV, L.P., an exempted limited
partnership registered in the Cayman Islands ("Overseas IV"), and Apollo
Advisors IV, L.P., a Delaware limited partnership ("Advisors IV"), and relates
to the common stock, par value $.001 per share (the "Common Stock"), of Sirius
Satellite Radio Inc., a Delaware corporation (the "Company"), or securities
convertible thereto. Capitalized terms used without definition in this
Amendment No. 4 shall have the respective meanings ascribed to them in the
Schedule 13D.
Item 5. Interest in Securities of the Issuer.
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Items 5(a) and 5(b) of the Schedule 13D are hereby amended and replaced in
their entirety as follows:
(a) The Reporting Persons collectively beneficially own (1) 1,595,707
shares of Series A Preferred Stock having an aggregate liquidation preference of
$159,570,700 and for which the Reporting Persons paid an aggregate purchase
price of $135,000,000, (2) 715,703 shares of Series B Preferred Stock having an
aggregate liquidation preference of $71,570,300 and for which the Reporting
Persons paid an aggregate purchase price of $65,000,000, and (3) 1,000,000
shares of Common Stock for which the Reporting Persons paid an aggregate
purchase price of $7,585,000. Assuming the conversion of all of the Series A
Preferred Stock and Series B Preferred Stock as of the date hereof, the
Reporting Persons collectively would beneficially own in the aggregate 8,704,700
shares of Common Stock, representing approximately 14.2% of the outstanding
Common Stock, based upon the number of shares of Common Stock indicated as being
outstanding in the Company's Annual Report on Form 10-K for the year ended
December 31, 2000. The number of shares of Common Stock into which shares of
Series A Preferred Stock and Series B Preferred Stock are convertible reflect
dividend accretions and may be increased from time to time upon the occurrence
of certain events as described in Item 4. Other than the matters referenced
herein and in the prior filings, the Reporting Persons have not engaged in any
transactions in the Company's securities. 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.
(b) See the information contained on the cover pages to this Schedule 13D,
which is incorporated herein by reference.
For purposes of Section 13 of the Act, Advisors IV may be deemed to control
AIFIV and Overseas IV, respectively. Advisors IV may thus be considered to
beneficially own and to have sole voting and dispositive power with respect to
all of the Common Stock of the Issuer to be held of record by AIFIV and Overseas
IV.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct and agree that this statement if filed on behalf of each of
them.
Dated: April 12, 2001
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/ Michael D. Weiner
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Name: Michael D. Weiner
Title: Vice President, Apollo Capital
Management IV, Inc.
APOLLO OVERSEAS PARTNERS IV, L.P.
By: Apollo Advisors IV, L.P., its Managing General
Partner
By: Apollo Capital Management IV, Inc., its
General Partner
By: /s/ Michael D. Weiner
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Name: Michael D. Weiner
Title: Vice President, Apollo Capital
Management IV, Inc.
APOLLO ADVISORS IV, L.P.
By: Apollo Capital Management IV, Inc., its
General Partner
By: /s/ Michael D. Weiner
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Name: Michael D. Weiner
Title: Vice President, Apollo Capital
Management IV, Inc.