UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Frontier Airlines, Inc.
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(Name of Issuer)
[Common Stock Purchase Warrants, no par value]
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(Title of Class of Securities)
[FRNT]
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(CUSIP Number)
Arthur H. Amron, Esq.
411 West Putnam Avenue
Greenwich CT 06830
(203) 862-7028
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
2/27/98
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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(b)(3) or (4), check the following box O
Check the following box if a fee is being paid with this statement O. (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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SCHEDULE 13D
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CUSIP No. CUSIP No. FRNT Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
Imprimis Investors LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(Intentionally Omitted)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b)
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
7 SOLE VOTING POWER
None
8 SHARED VOTING POWER
875,000
9 SOLE DISPOSITIVE POWER
None
10 SHARED DISPOSITIVE POWER
875,000
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
875,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.96%
14 TYPE OF REPORTING PERSON
00
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SCHEDULE 13D
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CUSIP No. CUSIP No. FRNT Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
Wexford Spectrum Investors LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(Intentionally Omitted)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X}
(b)
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
7 SOLE VOTING POWER
None
8 SHARED VOTING POWER
875,000
9 SOLE DISPOSITIVE POWER
None
10 SHARED DISPOSITIVE POWER
875,000
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
875,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.96%
14 TYPE OF REPORTING PERSON
00
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SCHEDULE 13D
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CUSIP No. CUSIP No. FRNT Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON
Wexford Management LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(Intentionally Omitted)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X}
(b)
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
7 SOLE VOTING POWER
None
8 SHARED VOTING POWER
1,750,000
9 SOLE DISPOSITIVE POWER
None
10 SHARED DISPOSITIVE POWER
1,750,000
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,750,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.93%
14 TYPE OF REPORTING PERSON
IA
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SCHEDULE 13D
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CUSIP No. CUSIP No. FRNT Page 5 of 9 Pages
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1 NAME OF REPORTING PERSON
Charles E. Davidson
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(Intentionally Omitted)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X}
(b)
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
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 of America
7 SOLE VOTING POWER
None
8 SHARED VOTING POWER
1,750,000
9 SOLE DISPOSITIVE POWER
None
10 SHARED DISPOSITIVE POWER
1,750,000
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,750,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.93%
14 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
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CUSIP No. CUSIP No. FRNT Page 6 of 9 Pages
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1 NAME OF REPORTING PERSON
Joseph M. Jacobs
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(Intentionally Omitted)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X}
(b)
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
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 of America
7 SOLE VOTING POWER
None
8 SHARED VOTING POWER
1,750,000
9 SOLE DISPOSITIVE POWER
None
10 SHARED DISPOSITIVE POWER
1,750,000
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,750,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.93%
14 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
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CUSIP No. CUSIP No. FRNT Page 7 of 9 Pages
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The Schedule 13D as originally filed is amended as follows:
Item 3. Source and Amount of Funds or Other Consideration.
On February 27, 1998, the Letter Agreement was terminated and a new
letter agreement entered into (the "New Letter Agreement"). Pursuant to the New
Letter Agreement, (i) the total number of shares issuable under the Warrant
Agreement was reduced to 1,750,000, and references to the Commitment Letter are
no longer operative; (ii) Wexford Management agreed that for a period of a year
neither it nor its affiliated funds would purchase or obtain the right to
acquire any Shares other than on exercise of the warrants under the Warrant
Agreement; and (iii) Wexford waived any defaults under the Note and related
documentation, and Wexford and the Company released each other and certain
related parties from any liability associated with any agreement in effect
between the parties.
Item 4. Purpose of Transaction.
See Item 3 above.
Item 5. Interest in Securities of the Issuer.
See cover page.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
See Item 3 above.
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SCHEDULE 13D
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CUSIP No. CUSIP No. FRNT Page 8 of 9 Pages
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SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: April 3, 1998
IMPRIMIS INVESTORS LLC
By: /s/ Arthur H. Amron
--------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD SPECTRUM INVESTORS LLC
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD MANAGEMENT LLC
By: /s/ Arthur H. Amron
--------------------
Name: Arthur H. Amron
Title: Senior Vice President
/s/ Charles E. Davidson
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Charles E. Davidson
/s/ Joseph M. Jacobs
--------------------
Joseph M. Jacobs
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SCHEDULE 13D
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CUSIP No. CUSIP No. FRNT Page 9 of 9 Pages
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EXHIBIT I
Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G of the General Rules
and Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agree that the statement to
which this Exhibit is attached is filed on behalf of each of them in the
capacities set forth below.
IMPRIMIS INVESTORS LLC
By: /s/ Arthur H. Amron
--------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD SPECTRUM INVESTORS LLC
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD MANAGEMENT LLC
By: /s/ Arthur H. Amron
--------------------
Name: Arthur H. Amron
Title: Senior Vice President
/s/ Charles E. Davidson
-----------------------
Charles E. Davidson
/s/ Joseph M. Jacobs
--------------------
Joseph M. Jacobs
