UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A-2
Under the Securities Exchange Act of 1934
(Amendment No. 2)
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
Wexford Management LLC
411 West Putnam Avenue
Greenwich, CT 06830
(203) 862-7012
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(Name, address and telephone number of person authorized to receive notices and
communications)
August 21, 1998
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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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss. 240.13d-7
<PAGE>
CUSIP No. [FRNT] Page 2 of 9 Pages
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1. Names of Reporting Persons.
Imprimis Investors LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
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2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
WC
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5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Delaware
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Number of Shares 7. Sole Voting Power 0
Beneficially
Owned by Each 8. Shared Voting Power
Reporting (see Item 5 below) 783,700
Person With
9. Sole Dispositive Power 0
10. Shared Dispositive Power
(see Item 5 below) 783,700
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11. Aggregate Amount Beneficially
Owned by Each Reporting Person 783,700
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12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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13. Percent of Class Represented by Amount in Row (11) 5.2%
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14. Type of Reporting Person (See Instructions)
OO
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<PAGE>
CUSIP No. [FRNT] Page 3 of 9 Pages
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
Wexford Spectrum Investors LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
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2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
WC
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5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Delaware
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Number of Shares 7. Sole Voting Power 0
Beneficially
Owned by Each 8. Shared Voting Power
Reporting (see Item 5 below) 514,500
Person With
9. Sole Dispositive Power 0
10. Shared Dispositive Power
(see Item 5 below) 514,500
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11. Aggregate Amount Beneficially
Owned by Each Reporting Person 514,500
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12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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13. Percent of Class Represented by Amount in Row (11) 3.5%
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14. Type of Reporting Person (See Instructions)
OO
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<PAGE>
CUSIP No. [FRNT] Page 4 of 9 Pages
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
Charles E. Davidson
I.R.S. Identification Nos. of Above Persons (entities only)
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2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
AF
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5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
United States
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Number of Shares 7. Sole Voting Power 0
Beneficially
Owned by Each 8. Shared Voting Power
Reporting (see Item 5 below) 1,298,200
Person With
9. Sole Dispositive Power 0
10. Shared Dispositive Power
(see Item 5 below) 1,298,200
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11. Aggregate Amount Beneficially
Owned by Each Reporting Person 1,298,200
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12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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13. Percent of Class Represented by Amount in Row (11) 8.4%
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14. Type of Reporting Person (See Instructions)
IN
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<PAGE>
CUSIP No. [FRNT] Page 5 of 9 Pages
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
Wexford Management LLC
I.R.S. Identification Nos. of Above Persons (entities only)
(Intentionally Omitted)
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
AF
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5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Connecticut
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Number of Shares 7. Sole Voting Power 0
Beneficially
Owned by Each 8. Shared Voting Power
Reporting (see Item 5 below) 1,298,200
Person With
9. Sole Dispositive Power 0
10. Shared Dispositive Power
(see Item 5 below) 1,298,200
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11. Aggregate Amount Beneficially Owned
by Each Reporting Person 1,298,200
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12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 8.4%
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14. Type of Reporting Person (See Instructions)
OO
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<PAGE>
CUSIP No. [FRNT] Page 6 of 9 Pages
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1. Names of Reporting Persons.
Joseph M. Jacobs
I.R.S. Identification Nos. of Above Persons (entities only)
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2. Check the Appropriate Box if a Member of a Group (a) [x]
(See Instructions) (b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
AF
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5. Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
United States
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Number of Shares 7. Sole Voting Power 0
Beneficially
Owned by Each 8. Shared Voting Power
Reporting (see Item 5 below) 1,298,200
Person With
9. Sole Dispositive Power 0
10. Shared Dispositive Power
(see Item 5 below) 1,298,200
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11. Aggregate Amount Beneficially
Owned by Each Reporting Person 1,298,200
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12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 8.4%
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14. Type of Reporting Person (See Instructions)
IN
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<PAGE>
This Amendment No. 2 to Schedule 13D modifies and supplements the
Schedule 13D filed on January 21, 1998, as amended by Amendment No. 1 to
Schedule 13D on April 3, 1998 ("Amendment No. 1") with respect to the Common
Stock Purchase Warrants, no par value (the "Warrants"), of FRONTIER AIRLINES,
INC. (the "Company"). Except to the extent supplemented by the information
contained in this Amendment No. 2, such Schedule 13D, as amended as provided
above, remains in full force and effect. Capitalized terms used herein without
definition have the respective meanings ascribed to them in such Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Since the filing of Amendment No. 1, Imprimis Investors LLC
("Imprimis") and Wexford Spectrum Investors LLC ("WSI") (i)
acquired an aggregate of 91,300 Shares and 360,500 Shares,
respectively, upon the exercise of the Warrant, and (ii) sold
all of such Shares at prices ranging from $3.75 per share to
$4.50 per share. All of such sales were effected in open
market transactions.
As a result of the foregoing, the Reporting Persons may be
deemed to beneficially own the respective percentages and
numbers Warrants set forth below (on the basis of 13,792,064
shares of Common Stock issued and outstanding):
1. Imprimis
(a) Warrants relating to aggregate number of Shares
(subject to possible cutback) beneficially owned:
783,700
Percentage: 5.2%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 783,700
3. Sole power to dispose or to direct
the disposition: -0-
4. Shares power to dispose or to direct
the disposition: 783,700
(c) Other than as reported above, there were no
transactions by Imprimis during the past 60 days.
(d) Imprimis may be deemed to have the right to receive
or the power to direct the receipt or dividends
from, or proceeds from the sale of, the Warrants.
(e) Not applicable.
2. Wexford Spectrum
(a) Warrants relating to aggregate number of Shares
(subject to possible cutback) beneficially owned:
514,500
Percentage: 3.5%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 514,500
3. Sole power to dispose or to direct
the disposition: -0-
4. Shares power to dispose or to direct
the disposition: 514,500
(c) Other than as reported in above, there were no
transactions by Wexford Spectrum during the past 60
days.
(d) Wexford Spectrum may be deemed to have the right to
receive or the power to direct the receipt or
dividends from, or proceeds from the sale of, the
Warrants.
(e) Not applicable.
<PAGE>
3. Wexford Management
(a) Warrants relating to aggregate number of Shares
(subject to possible cutback) beneficially owned:
1,298,200
Percentage: 8.4%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote:1,298,200
3. Sole power to dispose or to direct
the disposition: -0-
4. Shares power to dispose or to direct
the disposition: 1,298,200
(c) Other than as reported in above, there were no
transactions by Wexford Management during the past
60 days.
(d) Wexford Management may be deemed to have the right
to receive or the power to direct the receipt or
dividends from, or proceeds from the sale of, the
Warrants.
(e) Not applicable.
4. Joseph M. Jacobs
(a) Warrants relating to aggregate number of Shares
(subject to possible cutback) beneficially owned:
1,298,200
Percentage: 8.4%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote:1,298,200
3. Sole power to dispose or to direct
the disposition: -0-
4. Shares power to dispose or to direct
the disposition: 1,298,200
(c) Other than as reported in above, there were no
transactions by Mr. Jacobs during the past 60 days.
(d) Mr. Jacobs may be deemed to have the right to
receive or the power to direct the receipt or
dividends from, or proceeds from the sale of, the
Warrants.
(e) Not applicable.
5. Charles E. Davidson
(a) Warrants relating to aggregate number of Shares
(subject to possible cutback) beneficially owned:
1,298,200
Percentage: 8.4%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote:1,298,200
3. Sole power to dispose or to direct
the disposition: -0-
4. Shares power to dispose or to direct
the disposition: 1,298,200
(c) Other than as reported in above, there were no
transactions by Mr. Davidson during the past 60
days.
(d) Mr. Davidson may be deemed to have the right to
receive or the power to direct the receipt or
dividends from, or proceeds from the sale of, the
Warrants.
(e) Not applicable.
<PAGE>
Wexford Management may, by reason of its status as manager of
Imprimis and Wexford Spectrum, be deemed to own beneficially
the interests in the Warrant of which Imprimis and Wexford
Spectrum possess beneficial ownership.
Each of Charles E. Davidson and Joseph M. Jacobs may, by
reason of his status as a controlling person of Wexford
Management, be deemed to own beneficially the interests in the
Warrant of which Imprimis and Wexford Spectrum possess
beneficial ownership.
Each of Charles E. Davidson, Joseph M. Jacobs and Wexford
Management shares the power to vote and to dispose of the
interests in the Warrant Imprimis and Wexford Spectrum
beneficially own.
* * * * *
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: August 31, 1998
IMPRIMIS INVESTORS LLC
By: /s/Arthur H. Amron
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Name: Arthur H. Amron
Title: Vice President
WEXFORD SPECTRUM INVESTORS LLC
By: /s/Arthur H. Amron
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Name: Arthur H. Amron
Title: Vice President
WEXFORD MANAGEMENT LLC
By: /s/Arthur H. Amron
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Name: Arthur H. Amron
Title: Senior Vice President
/s/ Charles E. Davidson
- -----------------------
Charles E. Davidson
/s/Joseph M. Jacobs
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Joseph M. Jacobs
