SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Liberty Satellite & Technology, Inc.
(formerly known as TCI Satellite Entertainment, Inc.)
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(Name of Issuer)
SERIES A-COMMON STOCK
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(Title of Class of Securities)
531182103
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(CUSIP Number)
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 in 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).
Page 1
<PAGE>
CUSIP No. 531182103
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Investment Corporation
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22-2514825
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2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
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(b) X
------------------------------------------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares -----------------------------------------------------
Beneficially (6) Shared Voting Power 3,246,504
Owned by Each -----------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -----------------------------------------------------
(8) Shared Dispositive Power 3,246,504
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,246,504
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 4.5%
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12) Type of Reporting Person (See Instructions) CO
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Page 2
<PAGE>
CUSIP No. 531182103
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Paul Tudor Jones, II
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2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization USA
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(5) Sole Voting Power 0
Number of Shares -----------------------------------------------------
Beneficially (6) Shared Voting Power 3,423,600
Owned by Each -----------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -----------------------------------------------------
(8) Shared Dispositive Power 3,423,600
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,423,600
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 4.8%
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12) Type of Reporting Person (See Instructions) IN
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Page 3
<PAGE>
CUSIP No. 872298104
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Tudor BVI Global Fund Ltd. (formerly known as Tudor BVI
Futures, Ltd.)
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2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization Cayman Islands
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(5) Sole Voting Power 0
Number of Shares -----------------------------------------------------
Beneficially (6) Shared Voting Power 0
Owned by Each -----------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -----------------------------------------------------
(8) Shared Dispositive Power 0
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
0
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 0.0%
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12) Type of Reporting Person (See Instructions) CO
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Page 4
<PAGE>
CUSIP No. 531182103
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Tudor BVI Global Portfolio Ltd. (formerly known as
The Upper Mill Capital Appreciation Fund Ltd.)
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2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
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(b) X
------------------------------------------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Cayman Islands
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(5) Sole Voting Power 0
Number of Shares -----------------------------------------------------
Beneficially (6) Shared Voting Power 746,027
Owned by Each -----------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -----------------------------------------------------
(8) Shared Dispositive Power 746,027
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
746,027
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 1.0%
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12) Type of Reporting Person (See Instructions) CO
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Page 5
<PAGE>
CUSIP No. 531182103
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Proprietary Trading, L.L.C.
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13-3720063
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2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
------------------------------------------------------------
(b) X
------------------------------------------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares -----------------------------------------------------
Beneficially (6) Shared Voting Power 177,096
Owned by Each -----------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -----------------------------------------------------
(8) Shared Dispositive Power 177,096
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
177,096
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 0.2%
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12) Type of Reporting Person (See Instructions) OO
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Page 6
<PAGE>
CUSIP No. 531182103
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Raptor Global Portfolio Ltd.
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98-0211544
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2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization Cayman Islands
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(5) Sole Voting Power 0
Number of Shares -----------------------------------------------------
Beneficially (6) Shared Voting Power 2,489,474
Owned by Each -----------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -----------------------------------------------------
(8) Shared Dispositive Power 2,489,474
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,489,474
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 3.5%
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12) Type of Reporting Person (See Instructions) CO
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Page 7
<PAGE>
CUSIP No. 531182103
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Altar Rock Fund L.P.
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06-1558414
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2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares -----------------------------------------------------
Beneficially (6) Shared Voting Power 11,003
Owned by Each -----------------------------------------------------
Reporting Person (7) Sole Dispositive Power 0
With -----------------------------------------------------
(8) Shared Dispositive Power 11,003
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
11,003
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 0.0%
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12) Type of Reporting Person (See Instructions) PN
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Page 8
<PAGE>
Item 1(a). Name of Issuer:
Liberty Satellite & Technology, Inc. (formerly known as TCI
Satellite Entertainment, Inc.)
Item 1(b). Address of Issuer's Principal Executive Offices:
7600 East Orchard Road
Suite 330
South Englewood, CO 80111
Item 2(a). Name of Person Filing:
Tudor Investment Corporation ("TIC")
Paul Tudor Jones, II
The Tudor BVI Global Fund Ltd. (formerly known as Tudor BVI
Futures, Ltd.) ("Tudor BVI")
The Tudor BVI Global Portfolio Ltd. (formerly known as The
Upper Mill Capital Appreciation Fund Ltd.) ("BVI Portfolio")
Tudor Proprietary Trading, L.L.C. ("TPT")
The Raptor Global Portfolio Ltd. ("Raptor Portfolio")
The Altar Rock Fund L.P. ("Altar Rock")
Item 2(b). Address of Principal Business Office or, if none, Residence:
The principal business office of each of TIC, TPT and Altar
Rock is:
1275 King Street
Greenwich, CT 06831
The principal business office of Mr. Jones is:
c/o Tudor Investment Corporation
1275 King Street
Greenwich, CT 06831
The principal business office of each of Tudor BVI, BVI
Portfolio and Raptor Portfolio is:
c/o CITCO
Kaya Flamboyan 9
Curacao, Netherlands Antilles
Item 2(c). Citizenship:
TIC is a Delaware corporation
Mr. Jones is a citizen of the United States
Altar Rock is a Delaware limited partnership
TPT is a Delaware limited liability company
Tudor BVI, Raptor Portfolio and BVI Portfolio are companies
organized under the laws of the Cayman Islands
Item 2(d). Title of Class of Securities:
Series A-Common Stock
Item 2(e). CUSIP Number:
531182103
Page 9
<PAGE>
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under section 15 of the
Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employment Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment fund; see section
240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with section
240.13d-1(b)(1)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with section
240.13d-1(b)(1)(ii)(H)
Item 4. Ownership (As of August 28, 2000).
(a) Amount Beneficially Owned: See Item 9 of cover pages
(b) Percent of Class: See Item 11 of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
See Item 5 of cover pages
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(ii) shared power to vote or to direct the vote
See Item 6 of cover pages
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(iii) sole power to dispose or to direct the disposition
of See Item 7 of cover pages
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(iv) shared power to dispose or to direct the disposition
of See Item 8 of cover pages
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The shares of Common Stock reported herein as
beneficially owned are owned directly by BVI Portfolio
(746,027 shares), TPT (177,096 shares), Altar Rock (11,003
shares) and Raptor Portfolio (2,489,474 shares). Because TIC
is the sole general partner of Altar Rock and provides
investment advisory services to Tudor BVI, BVI Portfolio and
Raptor Portfolio, TIC may be deemed to beneficially own the
shares of Common Stock owned by each of such Reporting
Persons. TIC expressly disclaims such beneficial ownership. In
addition, because Mr. Jones is the controlling shareholder of
TIC and the indirect controlling equity holder of TPT, Mr.
Jones may be deemed to beneficially own the shares of Common
Stock deemed beneficially owned by TIC and TPT. Mr. Jones
expressly disclaims such beneficial ownership.
Effective April 3, 2000, The Tudor BVI Global Fund
Ltd. (formerly known as Tudor BVI Futures, Ltd.) transferred
all of its shares of Common Stock to The Upper Mill Capital
Appreciation Fund Ltd. which was renamed The Tudor BVI Global
Portfolio Ltd.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Page 10
<PAGE>
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
See cover pages
Item 9. Notice of Dissolution of Group.
Not applicable
Page 11
<PAGE>
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.
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.
Dated: August 31, 2000
TUDOR INVESTMENT CORPORATION
By: /s/ Andrew S. Paul
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Andrew S. Paul
Managing Director and General Counsel
/s/ Paul Tudor Jones, II
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Paul Tudor Jones, II
THE TUDOR BVI GLOBAL FUND LTD.
By: Tudor Investment Corporation,
Trading Advisor
By: /s/ Andrew S. Paul
------------------------------
Andrew S. Paul
Managing Director and General
Counsel
TUDOR PROPRIETARY TRADING, L.L.C.
By: /s/ Andrew S. Paul
----------------------------------
Andrew S. Paul
Managing Director and General
Counsel
Page 12
<PAGE>
THE ALTAR ROCK FUND L.P.
By: Tudor Investment Corporation,
General Partner
By: /s/ Andrew S. Paul
------------------------------
Andrew S. Paul
Managing Director and General
Counsel
THE RAPTOR GLOBAL PORTFOLIO LTD.
By: Tudor Investment Corporation,
Investment Advisor
By: /s/ Andrew S. Paul
--------------------------------
Andrew S. Paul
Managing Director and General
Counsel
THE TUDOR BVI GLOBAL PORTFOLIO LTD.
By: Tudor Investment Corporation,
Sub-Investment Manager
By: /s/ Andrew S. Paul
--------------------------------
Andrew S. Paul
Managing Director and General
Counsel
Page 13
