SEC Info - Dinan James G, et al. - ‘SC 13G/A’ on 2/14/05 re: Terrestar Corp

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Dinan James G, et al. – ‘SC 13G/A’ on 2/14/05 re: Terrestar Corp

On: Monday, 2/14/05, at 5:28pm ET · Accession #: 950120-5-97 · File #: 5-42503

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/14/05  Dinan James G                     SC 13G/A               1:36K  Terrestar Corp                    Thelen LLP/FA
          York Capital Management L.P.
          York Credit Opportunities Fund, L.P.
          York Global Value Partners, L.P.
          York Investment Limited
          York Offshore Investors Unit Trust
          York Select L.P.
          York Select Unit Trust
          York/Green Capital Partners

Amendment to Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Schedule 13G/A Re 12/31/04                            22     68K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Address of Issuer's Principal Executive Offices: Address of Principal Business Office: Certification Cusip Number: Name of Issuer: Name of Person Filing; Address (B) and (C) of Principal Business Office; Citizenship: Ownership Ownership of More Than Five Percent on Behalf of Another Person Title of Class of Securities:
1	1st Page - Filing Submission
10	Item 1(A). Name of Issuer:
"	Item 1(B). Address of Issuer's Principal Executive Offices:
"	Item 2.(A),. Name of Person Filing; Address (B) and (C) of Principal Business Office; Citizenship:
11	Item 2(B). Address of Principal Business Office:
"	Item 2(D). Title of Class of Securities:
"	Item 2(E). Cusip Number:
12	Item 4.(A), (B) and (C). Ownership
14	Item 6. Ownership of More Than Five Percent on Behalf of Another Person
15	Item 10. Certification

SC 13G/A 1st Page of 22 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 AMENDMENT NO. 2 TO SCHEDULE 13G

   UNDER THE SECURITIES EXCHANGE ACT 1934(*)

 Motient Corporation
--------------------------------------------------------------------------------
(Name of Issuer)

Common Shares, $0.01 par value
--------------------------------------------------------------------------------
(Title of Class of Securities)

 619908304
--------------------------------------------------------------------------------
(CUSIP Number)

 December 31, 2004
--------------------------------------------------------------------------------
 (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule 
is filed                                                                        

[ ]       Rule 13d-1(b)                                         

[X]       Rule 13d-1(c)                                         

[ ]       Rule 13d-1(d)                                         

----------                                                                      
(*)      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 the 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).                                                                         

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-------------------                                                             
CUSIP No. 619908304                                                             
-------------------                                                             

--------------------------------------------------------------------------------
1       NAME OF REPORTING PERSONS                                       
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS             

James G. Dinan                                
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               
                                                                         (a) / /
                                                                         (b) /X/
--------------------------------------------------------------------------------
3       SEC USE ONLY                                                    

--------------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

U.S.A.                                        
--------------------------------------------------------------------------------
NUMBER OF        5     SOLE VOTING POWER                                
SHARES                                                                
BENEFICIALLY                  3,574,559 Common Shares                       
OWNED BY                                                                
EACH           6     SHARED VOTING POWER                            
REPORTING                                                               
PERSON WITH                  -0-                                          

7     SOLE DISPOSITIVE POWER          

       3,574,559 Common Shares

8     SHARED DISPOSITIVE POWER        

-0-             
--------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    

3,574,559 Common Shares                       
--------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES          
            CERTAIN SHARES*                                                  / /
--------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

6.9%                                          
--------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*                                       

IN                                            
--------------------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT

2 

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-------------------                                                             
CUSIP No. 619908304                                                             
-------------------                                                             

--------------------------------------------------------------------------------
1       NAME OF REPORTING PERSONS                                       
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS             

York Investment Limited                       
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               
                                                                         (a) / /
                                                                         (b) /X/
--------------------------------------------------------------------------------
3       SEC USE ONLY                                                    

--------------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Commonwealth of the Bahamas                   
--------------------------------------------------------------------------------
NUMBER OF        5     SOLE VOTING POWER                                
SHARES                                                                
BENEFICIALLY                  1,421,747 Common Shares                       
OWNED BY                                                                
EACH           6     SHARED VOTING POWER                            
REPORTING                                                               
PERSON WITH                  -0-                                          

7     SOLE DISPOSITIVE POWER          

       1,421,747 Common Shares

8     SHARED DISPOSITIVE POWER        

-0-             
--------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    

1,421,747 Common Shares                       
--------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES          
            CERTAIN SHARES*                                                  / /
--------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

2.7%                                          
--------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*                                       

CO                                            
--------------------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT

3 

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-------------------                                                             
CUSIP No. 619908304                                                             
-------------------                                                             

--------------------------------------------------------------------------------
1       NAME OF REPORTING PERSONS                                       
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS             

York Capital Management L.P.                  
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               
                                                                         (a) / /
                                                                         (b) /X/
--------------------------------------------------------------------------------
3       SEC USE ONLY                                                    

--------------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Delaware                                      
--------------------------------------------------------------------------------
NUMBER OF        5     SOLE VOTING POWER                                
SHARES                                                                
BENEFICIALLY                  378,787 Common Shares                         
OWNED BY                                                                
EACH           6     SHARED VOTING POWER                            
REPORTING                                                               
PERSON WITH                  -0-                                          

7     SOLE DISPOSITIVE POWER          

     378,787 Common Shares

8     SHARED DISPOSITIVE POWER        

-0-             
--------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    

378,787 Common Shares                         
--------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES          
            CERTAIN SHARES*                                                  / /
--------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

0.7%                                          
--------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*                                       

PN                                            
--------------------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT

4 

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-------------------                                                             
CUSIP No. 619908304                                                             
-------------------                                                             

--------------------------------------------------------------------------------
1       NAME OF REPORTING PERSONS                                       
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS             

York Select L.P.                              
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               
                                                                         (a) / /
                                                                         (b) /X/
--------------------------------------------------------------------------------
3       SEC USE ONLY                                                    

--------------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Delaware                                      
--------------------------------------------------------------------------------
NUMBER OF        5     SOLE VOTING POWER                                
SHARES                                                                
BENEFICIALLY                  333,933 Common Shares                         
OWNED BY                                                                
EACH           6     SHARED VOTING POWER                            
REPORTING                                                               
PERSON WITH                  -0-                                          

7     SOLE DISPOSITIVE POWER          

     333,933 Common Shares

8     SHARED DISPOSITIVE POWER        

-0-             
--------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    

333,933 Common Shares                         
--------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES          
            CERTAIN SHARES*                                                  / /
--------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

0.6%                                          
--------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*                                       

PN                                            
--------------------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT

5 

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-------------------                                                             
CUSIP No. 619908304                                                             
-------------------                                                             

--------------------------------------------------------------------------------
1       NAME OF REPORTING PERSONS                                       
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS             

York Select Unit Trust                        
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               
                                                                         (a) / /
                                                                         (b) /X/
--------------------------------------------------------------------------------
3       SEC USE ONLY                                                    

--------------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Cayman Islands                                
--------------------------------------------------------------------------------
NUMBER OF        5     SOLE VOTING POWER                                
SHARES                                                                
BENEFICIALLY                  284,431 Common Shares                         
OWNED BY                                                                
EACH           6     SHARED VOTING POWER                            
REPORTING                                                               
PERSON WITH                  -0-                                          

7     SOLE DISPOSITIVE POWER          

     284,431 Common Shares

8     SHARED DISPOSITIVE POWER        

-0-             
--------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    

284,431 Common Shares                         
--------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES          
            CERTAIN SHARES*                                                  / /
--------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

0.5%                                          
--------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*                                       

OO                                            
--------------------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT

6 

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-------------------                                                             
CUSIP No. 619908304                                                             
-------------------                                                             

--------------------------------------------------------------------------------
1       NAME OF REPORTING PERSONS                                       
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS             

York Credit Opportunities Fund, L.P.          
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               
                                                                         (a) / /
                                                                         (b) /X/
--------------------------------------------------------------------------------
3       SEC USE ONLY                                                    

--------------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Delaware                                      
--------------------------------------------------------------------------------
NUMBER OF        5     SOLE VOTING POWER                                
SHARES                                                                
BENEFICIALLY                  536,906 Common Shares                         
OWNED BY                                                                
EACH           6     SHARED VOTING POWER                            
REPORTING                                                               
PERSON WITH                  -0-                                          

7     SOLE DISPOSITIVE POWER          

     536,906 Common Shares

8     SHARED DISPOSITIVE POWER        

-0-             
--------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    

536,906 Common Shares                         
--------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES          
            CERTAIN SHARES*                                                  / /
--------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

1.0%                                          
--------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*                                       

PN                                            
--------------------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT

7 

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-------------------                                                             
CUSIP No. 619908304                                                             
-------------------                                                             

--------------------------------------------------------------------------------
1       NAME OF REPORTING PERSONS                                       
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS             

York Offshore Investors Unit Trust            
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               
                                                                         (a) / /
                                                                         (b) /X/
--------------------------------------------------------------------------------
3       SEC USE ONLY                                                    

--------------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Cayman Islands                                
--------------------------------------------------------------------------------
NUMBER OF        5     SOLE VOTING POWER                                
SHARES                                                                
BENEFICIALLY                  0 Common Shares                               
OWNED BY                                                                
EACH           6     SHARED VOTING POWER                            
REPORTING                                                               
PERSON WITH                  -0-                                          

7     SOLE DISPOSITIVE POWER          

0 Common Shares 

8     SHARED DISPOSITIVE POWER        

-0-             
--------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    

0 Common Shares                               
--------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES          
            CERTAIN SHARES*                                                  / /
--------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

0%                                            
--------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*                                       

OO                                            
--------------------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT

--------------------------------------------------------------------------------
1       NAME OF REPORTING PERSONS                                       
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS             

York Global Value Partners, L.P.              
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               
                                                                         (a) / /
                                                                         (b) /X/
--------------------------------------------------------------------------------
3       SEC USE ONLY                                                    

--------------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Cayman Islands                                
--------------------------------------------------------------------------------
NUMBER OF        5     SOLE VOTING POWER                                
SHARES                                                                
BENEFICIALLY                  379,242 Common Shares                         
OWNED BY                                                                
EACH           6     SHARED VOTING POWER                            
REPORTING                                                               
PERSON WITH                  -0-                                          

7     SOLE DISPOSITIVE POWER          

     379,242 Common Shares

8     SHARED DISPOSITIVE POWER        

-0-             
--------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    

379,242 Common Shares                         
--------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES          
            CERTAIN SHARES*                                                  / /
--------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

0.7%                                          
--------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*                                       

PN                                            
--------------------------------------------------------------------------------

8 

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--------------------------------------------------------------------------------
1       NAME OF REPORTING PERSONS                                       
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS             

York/Green Capital Partners, L.P.             
--------------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               
                                                                         (a) / /
                                                                         (b) /X/
--------------------------------------------------------------------------------
3       SEC USE ONLY                                                    

--------------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Delaware                                      
--------------------------------------------------------------------------------
NUMBER OF        5     SOLE VOTING POWER                                
SHARES                                                                
BENEFICIALLY                  90,000 Common Shares                          
OWNED BY                                                                
EACH           6     SHARED VOTING POWER                            
REPORTING                                                               
PERSON WITH                  -0-                                          

7     SOLE DISPOSITIVE POWER          

    90,000 Common Shares

8     SHARED DISPOSITIVE POWER        

-0-             
--------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    

90,000 Common Shares                          
--------------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES          
            CERTAIN SHARES*                                                  / /
--------------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

0.2%                                          
--------------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*                                       

PN                                            
--------------------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT

9 

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SCHEDULE 13G

ITEM 1(A).          NAME OF ISSUER:                                             
--------------                          

MOTIENT CORPORATION                     

ITEM 1(B).          ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:            
       -----------------------------------------------

10802 Parkridge Boulevard               
Reston, VA  20191-5416                  
USA                                     

ITEM 2.(A),         NAME OF PERSON FILING; ADDRESS                              
(B) AND (C)         OF PRINCIPAL BUSINESS OFFICE; CITIZENSHIP:                  
 -----------------------------------------

         This Schedule is being filed jointly by the following reporting persons
(hereinafter sometimes collectively referred to as the "Reporting Persons")     
pursuant to an Agreement of Joint Filing attached hereto as Exhibit A:          

  (i)  James G. Dinan ("Dinan"), an individual who is the Senior
           Managing Member and holder of a controlling interest in Dinan
         Management, L.L.C. ("Dinan Management"), a New York limited
          liability company, York Select Domestic Holdings, LLC ("York
               Select Domestic Holdings"), a New York limited liability company,
       York Select Offshore Holdings, LLC ("York Select Offshore
              Holdings"), a New York limited liability company and York Credit
              Opportunities Domestic Holdings, LLC ("York Credit Opportunities
              Domestic Holdings"), formerly York Distressed Domestic Holdings,
          LLC, a New York limited liability company, York Global Value
              Holdings, LLC ("York Global Value Holdings"), a New York limited
         liability company and York Offshore Holdings, L.L.C. ("York
              Offshore Holdings"), a New York limited liability company. Dinan
            is the Senior Managing Member of YCM Domestic Holdings I, LLC,
            which is a Co-Managing Member of York/Green Domestic Holdings,
        LLC, a Delaware limited liability Company. Dinan is also a
            Director and holder of a controlling interest in York Offshore
            Holdings, Limited. ("York Offshore Limited"), a corporation of
               the Commonwealth of the Bahamas. Dinan is a citizen of the United
States.                                           

          (ii) York Investment Limited ("York Investment"), a corporation of The
Commonwealth of The Bahamas.                      

    (iii) York Capital Management, L.P. ("York Capital"), a Delaware
limited partnership.                            

(iv) York Select, L.P. ("York Select"), a Delaware limited  
partnership.                                      

        (v)  York Select Unit Trust ("York Select Trust"), a trust organized
under the laws of the Cayman Islands.             

(vi) York Credit Opportunities Fund, L.P. ("York Credit     
Opportunities"), a Delaware limited partnership.  

         (vii) York Offshore Investors Unit Trust ("York Offshore Investors"),
       a trust organized under the laws of the Cayman Islands.

    (viii) York Global Value Partners, L.P. ("York Global Value"), a
Delaware Limited Partnership.                     

     (ix) York/Green Capital Partners, L.P. ("York/Green"), a Delaware
limited Partnership.                              

       York Offshore Limited is the investment manager of York Investment.

Dinan Management is the General Partner of York Capital.    

        York Select Domestic Holdings is the General Partner of York Select.

          York Select Offshore Holdings is the investment manager of York Select
Trust.                                                      

 9

SC 13G/A 11th Page of 22 TOC 1st Previous Next ↓Bottom Just 11th
       York Credit Opportunities Domestic Holdings is the investment manager
of York Credit Opportunities.                                                   

   York Offshore Holdings is the investment manager of York Offshore
Investors.                                                                      

         York Global Value Holdings is the General Partner of York Global Value.

         York/Green Domestic Holdings, LLC is the General Partner of York/Green.

      Dinan is also filing this statement on behalf of certain other funds
and accounts ("Managed Accounts") over which he has discretionary investment    
authority. Dinan is the Chief Executive Officer and sole shareholder of JGD     
Management Corp., a Delaware corporation, which manages the Managed Accounts.   

ITEM 2(B).          ADDRESS OF PRINCIPAL BUSINESS OFFICE:                       
-----------------------------------     

      The address of each of Dinan, York Capital, York Select, York Global
Value and York/Green is:                                                        

390 Park Avenue       
15th Floor            
  New York, New York 10022

The address of York Investment for purposes of this filing is:

 York Investment Limited
     c/o York Capital Management
390 Park Avenue       
15th Floor            
  New York, New York 10022

  The address of York Select Trust for purposes of this filing is:

York Select Unit Trust
     c/o York Capital Management
390 Park Avenue       
15th Floor            
  New York, New York 10022

      The address of York Credit Opportunities for purposes of this filing
is:                                                                             

              York Credit Opportunities Fund, L.P.
     c/o York Capital Management
390 Park Avenue       
15th Floor            
  New York, New York 10022

ITEM 2(D).          TITLE OF CLASS OF SECURITIES:                               
---------------------------             

Common Shares                           

ITEM 2(E).          CUSIP NUMBER:                                               
-----------                             

619908304                               

10

SC 13G/A 12th Page of 22 TOC 1st Previous Next ↓Bottom Just 12th
ITEM 4.(A),                                                                     
(B) AND (C)         OWNERSHIP.                                                  
---------                               

      Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.       

(i)      Dinan                                                
-----                                       

     (a)      Amount beneficially owned: 3,574,559 shares.

(b)      Percent of class: 6.9%.                

      (c)      Number of shares as to which such person has:

              (i)  Sole power to vote or direct the vote
3,574,559 shares. 

                    (ii)  Shared power to vote or direct the vote -0-.

                      (iii)  Sole power to dispose or direct the disposition
  of 3,574,559 shares.

                         (iv)  Shared power to dispose or direct the disposition
of -0-.           

(ii)     York Investment                                      
---------------                             

     (a)      Amount beneficially owned: 1,421,747 shares.

(b)      Percent of class: 2.7%.                

      (c)      Number of shares as to which such person has:

                        (i)  Sole power to vote or direct the vote 1,421,747
shares.           

                    (ii)  Shared power to vote or direct the vote -0-.

                      (iii)  Sole power to dispose or direct the disposition
  of 1,421,747 shares.

                         (iv)  Shared power to dispose or direct the disposition
of -0-.           

(iii)  York Capital                                           
------------                                    

(a)   Amount beneficially owned: 378,787 shares.

(b)   Percent of class: 0.7%.                   

   (c)   Number of shares as to which such person has:

                      (i)  Sole power to vote or direct the vote 378,787
shares.           

                    (ii)  Shared power to vote or direct the vote -0-.

                      (iii)  Sole power to dispose or direct the disposition
of 378,787 shares.

                         (iv)  Shared power to dispose or direct the disposition
of -0-.           

11

SC 13G/A 13th Page of 22 TOC 1st Previous Next ↓Bottom Just 13th
(iv)  York Select                                             
-----------                                       

(a)   Amount beneficially owned: 333,933 shares.

(b)   Percent of class: 0.6%.                   

   (c)   Number of shares as to which such person has:

                      (i)  Sole power to vote or direct the vote 333,933
shares.           

                    (ii)  Shared power to vote or direct the vote -0-.

                      (iii)  Sole power to dispose or direct the disposition
of 333,933 shares.

                         (iv)  Shared power to dispose or direct the disposition
of -0-.           

(v)  York Select Trust                                        
-----------------                                   

(a)   Amount beneficially owned: 284,431 shares.

(b)   Percent of class: 0.5%.                   

   (c)   Number of shares as to which such person has:

                      (i)  Sole power to vote or direct the vote 284,431
shares.           

                    (ii)  Shared power to vote or direct the vote -0-.

                      (iii)  Sole power to dispose or direct the disposition
of 284,431 shares.

                         (iv)  Shared power to dispose or direct the disposition
of -0-.           

(vi)   York Credit Opportunities                              
-------------------------                       

(a)   Amount beneficially owned: 536,906 shares.

(b)   Percent of class: 1.0%.                   

   (c)   Number of shares as to which such person has:

                      (i)  Sole power to vote or direct the vote 536,906
shares.           

                    (ii)  Shared power to vote or direct the vote -0-.

                      (iii)  Sole power to dispose or direct the disposition
of 536,906 shares.

                         (iv)  Shared power to dispose or direct the disposition
of -0-.           

(vii)  York Offshore Investors                                
-----------------------                         

(a)   Amount beneficially owned: 0 shares.      

(b)   Percent of class: 0%.                     

   (c)   Number of shares as to which such person has:

                        (i)  Sole power to vote or direct the vote 0 shares.

                    (ii)  Shared power to vote or direct the vote -0-.

                      (iii)  Sole power to dispose or direct the disposition
of 0 shares.      

                         (iv)  Shared power to dispose or direct the disposition
of -0-.           

(viii) York Global Value                                    
-----------------                             

(a)   Amount beneficially owned: 379,242 shares.

(b)   Percent of class: 0.7%.                   

   (c)   Number of shares as to which such person has:

                      (i)  Sole power to vote or direct the vote 379,242
shares.           

                    (ii)  Shared power to vote or direct the vote -0-.

                      (iii)  Sole power to dispose or direct the disposition
of 379,242 shares.

                         (iv)  Shared power to dispose or direct the disposition
of -0-.           

(ix) York/Green                                         
----------                                    

(a)   Amount beneficially owned: 90,000 shares. 

(b)   Percent of class: 0.2%.                   

   (c)   Number of shares as to which such person has:

                     (i)  Sole power to vote or direct the vote 90,000
shares.           

                    (ii)  Shared power to vote or direct the vote -0-.

                      (iii)  Sole power to dispose or direct the disposition
of 90,000 shares. 

                         (iv)  Shared power to dispose or direct the disposition
of -0-.           

The number of shares beneficially owned and the percentage of 
outstanding shares represented thereby, for each of the Reporting Persons, have 
been computed in accordance with Rule 13d-3 under the Securities Exchange Act of
1934, as amended. The percentage of ownership described above is based on       
51,545,502 Common Shares outstanding on December 31, 2004 plus 412,500 presently
exercisable Warrants.                                                           

12

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ITEM 6.             OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF            
ANOTHER PERSON.                         
        ------------------------------------------------

       The Managed Accounts have the right to receive dividends from, or the
proceeds from the sale of, the Common Shares.                                   

13

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ITEM 10.            CERTIFICATION.                                              
------------                            

  By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for 
the purpose of or with the effect of changing or influencing the control of the 
issuer of the securities and were not acquired and are not held in connection   
with or as a participant in any transaction having that purpose or effect.      

 SIGNATURE
 ---------

         After reasonable inquiry and to the best of the knowledge and belief of
the undersigned Reporting Person, the undersigned Reporting Person certifies    
that the information set forth in this statement with respect to it, or him, as 
the case may be, is true, complete and accurate.                                

Dated:  February 14, 2005                                                       

      /s/ James G. Dinan
                           ---------------------------------------
  James G. Dinan

14

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ITEM 10.            CERTIFICATION.                                              
-------------                           

  By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for 
the purpose of or with the effect of changing or influencing the control of the 
issuer of the securities and were not acquired and are not held in connection   
with or as a participant in any transaction having that purpose or effect.      

 SIGNATURE
 ---------

         After reasonable inquiry and to the best of the knowledge and belief of
the undersigned Reporting Person, the undersigned Reporting Person certifies    
that the information set forth in this statement with respect to it, or him, as 
the case may be, is true, complete and accurate.                                

Dated:  February 14, 2005                                                       

           YORK INVESTMENT LIMITED

                      By: YORK OFFSHORE HOLDINGS LIMITED

             By:    /s/ James G. Dinan
                                         ---------------------------------------
                James G. Dinan
          Director

15

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ITEM 10.            CERTIFICATION.                                              
-------------                           

  By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for 
the purpose of or with the effect of changing or influencing the control of the 
issuer of the securities and were not acquired and are not held in connection   
with or as a participant in any transaction having that purpose or effect.      

 SIGNATURE
 ---------

         After reasonable inquiry and to the best of the knowledge and belief of
the undersigned Reporting Person, the undersigned Reporting Person certifies    
that the information set forth in this statement with respect to it, or him, as 
the case may be, is true, complete and accurate.                                

Dated: February 14, 2005                                                        

                 YORK CAPITAL MANAGEMENT, L.P.

                By: DINAN MANAGEMENT, L.L.C.

             By:    /s/ James G. Dinan
                                         ---------------------------------------
                James G. Dinan
                        Senior Managing Member

16

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ITEM 10.            CERTIFICATION.                                              
-------------                           

  By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for 
the purpose of or with the effect of changing or influencing the control of the 
issuer of the securities and were not acquired and are not held in connection   
with or as a participant in any transaction having that purpose or effect.      

 SIGNATURE
 ---------

         After reasonable inquiry and to the best of the knowledge and belief of
the undersigned Reporting Person, the undersigned Reporting Person certifies    
that the information set forth in this statement with respect to it, or him, as 
the case may be, is true, complete and accurate.                                

Dated: February 14, 2005                                                        

     YORK SELECT, L.P.

               By:    YORK SELECT DOMESTIC
               HOLDINGS, LLC

             By:    /s/ James G. Dinan
                                         ---------------------------------------
                James G. Dinan
                        Senior Managing Member

17

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ITEM 10.            CERTIFICATION.                                              
-------------                           

  By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for 
the purpose of or with the effect of changing or influencing the control of the 
issuer of the securities and were not acquired and are not held in connection   
with or as a participant in any transaction having that purpose or effect.      

 SIGNATURE
 ---------

         After reasonable inquiry and to the best of the knowledge and belief of
the undersigned Reporting Person, the undersigned Reporting Person certifies    
that the information set forth in this statement with respect to it, or him, as 
the case may be, is true, complete and accurate.                                

Dated: February 14, 2005                                                        

                      YORK OFFSHORE INVESTORS UNIT TRUST

                      By:    YORK OFFSHORE HOLDINGS, LLC

             By:    /s/ James G. Dinan
                                         ---------------------------------------
                James G. Dinan
                        Senior Managing Member

18

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ITEM 10.            CERTIFICATION.                                              
-------------                           

  By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for 
the purpose of or with the effect of changing or influencing the control of the 
issuer of the securities and were not acquired and are not held in connection   
with or as a participant in any transaction having that purpose or effect.      

 SIGNATURE
 ---------

         After reasonable inquiry and to the best of the knowledge and belief of
the undersigned Reporting Person, the undersigned Reporting Person certifies    
that the information set forth in this statement with respect to it, or him, as 
the case may be, is true, complete and accurate.                                

Dated: February 14, 2005                                                        

          YORK SELECT UNIT TRUST

               By:    YORK SELECT OFFSHORE
              HOLDINGS LLC

             By:    /s/ James G. Dinan
                                         ---------------------------------------
                James G. Dinan
                        Senior Managing Member

19

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ITEM 10.            CERTIFICATION.                                              
-------------                           

  By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for 
the purpose of or with the effect of changing or influencing the control of the 
issuer of the securities and were not acquired and are not held in connection   
with or as a participant in any transaction having that purpose or effect.      

 SIGNATURE
 ---------

         After reasonable inquiry and to the best of the knowledge and belief of
the undersigned Reporting Person, the undersigned Reporting Person certifies    
that the information set forth in this statement with respect to it, or him, as 
the case may be, is true, complete and accurate.                                

Dated: February 14, 2005                                                        

                        YORK CREDIT OPPORTUNITIES FUND, L.P.

                 By: YORK CREDIT OPPORTUNITIES
                  DOMESTIC HOLDINGS, LLC

             By:    /s/ James G. Dinan
                                         ---------------------------------------
                James G. Dinan
                        Senior Managing Member

ITEM 10.            CERTIFICATION.                                              
-------------                           

  By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for 
the purpose of or with the effect of changing or influencing the control of the 
issuer of the securities and were not acquired and are not held in connection   
with or as a participant in any transaction having that purpose or effect.      

 SIGNATURE
 ---------

         After reasonable inquiry and to the best of the knowledge and belief of
the undersigned Reporting Person, the undersigned Reporting Person certifies    
that the information set forth in this statement with respect to it, or him, as 
the case may be, is true, complete and accurate.                                

Dated: February 14, 2005                                                        

                    YORK GLOBAL VALUE PARTNERS, L.P.

                       By: YORK GLOBAL VALUE HOLDINGS, LLC

             By:    /s/ James G. Dinan
                                         ---------------------------------------
                James G. Dinan
                        Senior Managing Member

ITEM 10.            CERTIFICATION.                                              
-------------                           

  By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for 
the purpose of or with the effect of changing or influencing the control of the 
issuer of the securities and were not acquired and are not held in connection   
with or as a participant in any transaction having that purpose or effect.      

 SIGNATURE
 ---------

         After reasonable inquiry and to the best of the knowledge and belief of
the undersigned Reporting Person, the undersigned Reporting Person certifies    
that the information set forth in this statement with respect to it, or him, as 
the case may be, is true, complete and accurate.                                

Dated: February 14, 2005                                                        

                     YORK/GREEN CAPITAL PARTNERS, L.P.

                         By: YORK/GREEN DOMESTIC HOLDINGS, LLC

             By:    /s/ James G. Dinan
                                         ---------------------------------------
                James G. Dinan
                           Senior Managing Member of
                              YCM Domestic Holdings I, LLC

20

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                                                                       EXHIBIT A

 AGREEMENT OF JOINT FILING
 MOTIENT CORPORATION
COMMON SHARES, $0.01 VALUE PER SHARE

       In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned hereby confirms the agreement by and among the
Group as to the joint filing on behalf of the Group of a Statement on           
Schedule 13G and any and all amendments thereto, with respect to the above      
referenced securities and that this Agreement be included as an Exhibit to such 
filing.                                                                         

      This Agreement may be executed in any number of counterparts each of
which shall be deemed to be an original and all of which together shall be      
deemed to constitute one and the same Agreement.                                

       WITNESS WHEREOF, the undersigned hereby executes this Agreement as of
this 14th day of February, 2005.                                                

                    YORK GLOBAL VALUE PARTNERS, L.P.

                          By:    YORK GLOBAL VALUE HOLDINGS, LLC

             By:    /s/ James G. Dinan
                                         ---------------------------------------
                James G. Dinan
                        Senior Managing Member

                     YORK/GREEN CAPITAL PARTNERS, L.P.

                            By:    YORK/GREEN DOMESTIC HOLDINGS, LLC

             By:    /s/ James G. Dinan
                                         ---------------------------------------
                James G. Dinan
                           Senior Managing Member of
                              YCM Domestic Holdings I, LLC

21

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13G/A’ Filing	Date	First	Last	Other Filings

Filed on:	2/14/05	15	21	4, 4/A, S-1/A, SC 13G, SC 13G/A
	12/31/04	1	13	10-K, 10-K/A, NT 10-K
				List all Filings

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Filing Submission 0000950120-05-000097 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Dinan James G, et al. – ‘SC 13G/A’ on 2/14/05 re: Terrestar Corp

On: Monday, 2/14/05, at 5:28pm ET · Accession #: 950120-5-97 · File #: 5-42503

Previous ‘SC 13G’: ‘SC 13G/A’ on 2/14/05 · Next & Latest: ‘SC 13G/A’ on 2/15/05

Amendment to Statement of Beneficial Ownership — Schedule 13GFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents