UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 10)
Frontier Airlines, Inc
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(Name of Issuer)
Common Stock, $.001 Par Value
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(Title of Class of Securities)
359065109
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(CUSIP Number)
Wendy Schnipper Clayton, Esq.
DDJ Capital Management, LLC
141 Linden Street, Suite 4
Wellesley, MA 02482-7910
781-283-8500
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(Name, address and telephone number of person authorized to receive notices and
communications)
July 10, 2000
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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 [ ].
(Continued on following pages)
(Page 1 of 9 Pages)
<PAGE>
SCHEDULE 13D
CUSIP NO. 359065109 PAGE 2 OF 9 PAGES
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DDJ Capital Management, LLC
04-3300754
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
SEE ITEM #5 (a) [ X ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Massachusetts
NUMBER OF 7 SOLE VOTING POWER
SHARES 3,280,729
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,280,729
PERSON WITH 10 SHARED DISPOSITIVE POWER
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,280,729
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.8%
14 TYPE OF REPORTING PERSON *
IA
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP NO. 359065109 PAGE 3 OF 9 PAGES
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B III Capital Partners, L.P.
04-3341099
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
SEE ITEM #5 (a) [ X ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 7 SOLE VOTING POWER
SHARES 3,280,729
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,280,729
PERSON WITH 10 SHARED DISPOSITIVE POWER
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,280,729
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.8%
14 TYPE OF REPORTING PERSON *
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP NO. 359065109 PAGE 4 OF 9 PAGES
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DDJ Capital III, LLC
04-3317544
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
SEE ITEM #5 (a) [ X ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 7 SOLE VOTING POWER
SHARES 3,280,729
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,280,729
PERSON WITH 10 SHARED DISPOSITIVE POWER
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,280,729
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.8%
14 TYPE OF REPORTING PERSON *
OO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP NO. 359065109 PAGE 5 OF 9 PAGES
ITEM 1. SECURITY AND ISSUER:
This Amendment No. 10 to Schedule 13D ("Amendment No. 10") should be read
in conjunction with the Schedule 13D dated April 24, 1998 ("Schedule 13D"),
Amendment No. 1 dated May 25, 1998, Amendment No. 2 dated May 25, 1998,
Amendment No. 3 dated November 6, 1998, Amendment No. 4 dated December 1, 1998,
Amendment No. 5 dated February 19, 1999, Amendment No. 6 dated June 23, 1999,
Amendment No. 7 dated July 12, 1999, Amendment No. 8 dated April 7, 2000 and
Amendment No. 9 dated April 7, 2000 (collectively, "Amendment Nos. 1 through 9")
each as filed with the Securities and Exchange Commission by DDJ Capital
Management, LLC, a Massachusetts limited liability company, and certain
affiliates. This Amendment No. 10 amends the Schedule 13D and Amendment Nos. 1
through 9 only with respect to those items listed below. All capitalized terms
not otherwise defined herein shall have the meanings ascribed thereto on the
Schedule 13D or Amendment Nos. 1 through 9.
This filing of Amendment No. 10 is not, and should be deemed to be, an
admission that the Schedule 13D or any Amendment thereto is required to be
filed.
This statement relates to shares of the common stock, $.001 par value (the
"Shares") of Frontier Airlines, Inc. (the "Company"). The principal executive
offices of the Company are located at 12015 East 46th Avenue, Suite 200, Denver,
CO 80239.
ITEM 3. SOURCES AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
Item 3 is amended by adding the following:
On July 11, 2000 B III Capital Partners, L.P. sold 11,500 Shares for an
aggregate sale price of $192,992.30. Other than as set forth herein, there have
been no other purchases or sales by the Funds since May 11, 2000 and therefore a
Schedule B will not be attached to this Amendment No. 10.
ITEM 5. INTEREST IN SECURITIES OF ISSUER:
Paragraph (a) in Item 5 is deleted in its entirety and amended as set forth
below:
(a) The Fund beneficially owns, and DDJ Capital III, LLC and DDJ
beneficially own as general partner and investment manager, respectively, of the
Fund, 3,280,729 shares of Common Stock (including the warrants to purchase
716,929 shares of common stock, see Item 3), or approximately 17.8% of the
outstanding Shares of the Company.
<PAGE>
SCHEDULE 13D
CUSIP NO. 359065109 PAGE 6 OF 9 PAGES
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER:
Item 6 is amended by adding the following:
On April 20, 2000, B III Capital Partners, L.P. (the "Fund") wrote 250
November 2000 Call Options with a strike price of $17.50 in consideration for
cash in the amount of $38,436.19. All such Call Options were traded on public
markets and therefore there are no written agreements.
On April 28, 2000, the Fund wrote 250 November 2000 Call Options with a
strike price of $17.50 in consideration for cash in the amount of $43,123.54.
All such Call Options were traded on public markets and therefore there are no
written agreements.
On May 1, 2000, the Fund wrote 50 November 2000 Call Options with a strike
price of $17.50 in consideration for cash in the amount of $10,812.13. All such
Call Options were traded on public markets and therefore there are no written
agreements.
On May 1, 2000, the Fund wrote 150 November 2000 Call Options with a strike
price of $15.00 in consideration for cash in the amount of $43,686.03. All such
Call Options were traded on public markets and therefore there are no written
agreements.
On May 2, 2000, B III Capital Partners, L.P. (the "Fund") wrote 250
November 2000 Call Options with a strike price of $17.50 in consideration for
cash in the amount of $52,498.22. All such Call Options were traded on public
markets and therefore there are no written agreements.
On July 7, 2000, the Fund wrote 550 February 2001 Call Options with a
strike price of $17.50 in consideration for cash in the amount of $101,746.56.
All such Call Options were traded on public markets and therefore there are no
written agreements.
On July 10, 2000, the Fund wrote 450 February 2001 Call Options with a
strike price of $17.50 in consideration for cash in the amount of $83,247.18.
All such Call Options were traded on public markets and therefore there are no
written agreements.
On July 11, 2000, the Fund wrote 500 February 2001 Call Options with a
strike price of $17.50 in consideration for cash in the amount of $132,340.54.
All such Call Options were traded on public markets and therefore there are no
written agreements.
<PAGE>
SCHEDULE 13D
CUSIP NO. 359065109 PAGE 7 OF 9 PAGES
On July 13, 2000, the Fund wrote 520 February 2001 Call Options with a
strike price of $20.00 in consideration for cash in the amount of $102,696.53.
All such Call Options were traded on public markets and therefore there are no
written agreements.
On July 14, 2000, the Fund wrote 100 February 2001 Call Options with a
strike price of $17.50 in consideration for cash in the amount of $28,499.04.
All such Call Options were traded on public markets and therefore there are no
written agreements.
On July 17, 2000, the Fund wrote 480 February 2001 Call Options with a
strike price of $20.00 in consideration for cash in the amount of $89,420.97.
All such Call Options were traded on public markets and therefore there are no
written agreements.
On July 18, 2000, the Fund wrote 300 February 2001 Call Options with a
strike price of $17.50 in consideration for cash in the amount of $89,247.00.
All such Call Options were traded on public markets and therefore there are no
written agreements.
<PAGE>
SCHEDULE 13D
CUSIP NO. 359065109 PAGE 8 OF 9 PAGES
Signature:
========
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
DDJ CAPITAL MANAGEMENT, LLC
By: / s / Wendy Schnipper Clayton
-------------------------------------------
Wendy Schnipper Clayton
Attorney-In-Fact*
*Limited Power of Attorney filed with the SEC on July 29, 1998.
<PAGE>
SCHEDULE 13D
CUSIP NO. 359065109 PAGE 9 OF 9 PAGES
SCHEDULE A
===========
The name and present principal occupation or employment of each executive
officer and member of DDJ Capital Management, LLC and each director of the DDJ
Affiliates are set forth below. The business address of each person and the
address of the corporation or organization in which such employment is conducted
is 141 Linden Street, Suite 4, Wellesley, MA 02482. Mr. Breazzano and Ms.
Mencher are U. S. citizens.
NAME PRINCIPAL OCCUPATION OR EMPLOYMENT
===== =======================================
David J. Breazzano Principal of DDJ Capital Management, LLC, DDJ Galileo,
LLC, DDJ Copernicus, LLC and GP III-A, LLC
Judy K. Mencher Principal of DDJ Capital Management, LLC, DDJ Galileo, LLC,
DDJ Copernicus, LLC, GP III-A, LLC, Vice President of DDJ
Overseas Corporation and Director of Kepler Overseas Corp.
