SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13G
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o Rule 13d-1(b)
þ Rule 13d-1(c)
o Rule 13d-1(d)
CUSIP No. |
074002106 |
13G | Page | 2 |
of | 11 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) North Run Capital, LP 36-4504416 |
||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Delaware | |||||
5 | SOLE VOTING POWER | ||||
NUMBER OF | 12,490,700** | ||||
SHARES | 6 | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | 0 | ||||
EACH | 7 | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 12,490,700** | ||||
WITH | 8 | SHARED DISPOSITIVE POWER | |||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
12,490,700** | |||||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | ||||
6.18%** | |||||
12 | TYPE OF REPORTING PERSON* | ||||
PN |
2 of 11
CUSIP No. |
074002106 |
13G | Page | 3 |
of | 11 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) North Run GP, LP 37-1438821 |
||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Delaware | |||||
5 | SOLE VOTING POWER | ||||
NUMBER OF | 12,490,700** | ||||
SHARES | 6 | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | 0 | ||||
EACH | 7 | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 12,490,700** | ||||
WITH | 8 | SHARED DISPOSITIVE POWER | |||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
12,490,700** | |||||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | ||||
6.18%** | |||||
12 | TYPE OF REPORTING PERSON* | ||||
PN |
3 of 11
CUSIP No. |
074002106 |
13G | Page | 4 |
of | 11 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) North Run Advisors, LLC 35-2177955 |
||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
Delaware | |||||
5 | SOLE VOTING POWER | ||||
NUMBER OF | 12,490,700** | ||||
SHARES | 6 | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | 0 | ||||
EACH | 7 | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 12,490,700** | ||||
WITH | 8 | SHARED DISPOSITIVE POWER | |||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
12,490,700** | |||||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | ||||
6.18%** | |||||
12 | TYPE OF REPORTING PERSON* | ||||
OO |
4 of 11
CUSIP No. |
074002106 |
13G | Page | 5 |
of | 11 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Todd B. Hammer |
||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
United States | |||||
5 | SOLE VOTING POWER | ||||
NUMBER OF | 12,490,700** | ||||
SHARES | 6 | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | 0 | ||||
EACH | 7 | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 12,490,700** | ||||
WITH | 8 | SHARED DISPOSITIVE POWER | |||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
12,490,700** | |||||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | ||||
6.18%** | |||||
12 | TYPE OF REPORTING PERSON* | ||||
IN |
5 of 11
CUSIP No. |
074002106 |
13G | Page | 6 |
of | 11 |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Thomas B. Ellis |
||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||||
(a) o | |||||
(b) o | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
United States | |||||
5 | SOLE VOTING POWER | ||||
NUMBER OF | 12,490,700** | ||||
SHARES | 6 | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | 0 | ||||
EACH | 7 | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 12,490,700** | ||||
WITH | 8 | SHARED DISPOSITIVE POWER | |||
0 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
12,490,700** | |||||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* | ||||
o | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | ||||
6.18%** | |||||
12 | TYPE OF REPORTING PERSON* | ||||
IN |
6 of 11
Bearingpoint, Inc. |
1676 International Drive | |||
McLean, VA 22102 |
(1) | North Run Capital, LP | ||
(2) | North Run GP, LP | ||
(3) | North Run Advisors, LLC | ||
(4) | Todd B. Hammer | ||
(5) | Thomas B. Ellis |
For all Filers: | |||
One International Place, Suite 2401 | |||
Boston, MA 02110 | |||
(617) 310-6130 |
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(1) | North Run Capital, LP is a Delaware limited partnership. | ||
(2) | North Run GP, LP is a Delaware limited partnership. | ||
(3) | North Run Advisors, LLC is a Delaware limited liability company. | ||
(4) | Todd B. Hammer is a U.S. citizen. | ||
(5) | Thomas B. Ellis is a U.S. citizen. |
Common stock, par value $0.01 per share (the Common Stock). |
074002106 |
Not Applicable. |
(a) | North Run, the GP, the Investment Manager, Todd B. Hammer, and Thomas B. Ellis may be deemed the beneficial owners of 12,490,700 shares of Common Stock. | ||
(b) | North Run, the GP, the Investment Manager, Todd B. Hammer and Thomas B. Ellis may be deemed the beneficial owners of 6.18% of the outstanding shares of Common Stock. This percentage was determined by dividing 12,490,700 by 202,205,473, which is the number of shares of Common Stock outstanding as of September 4, 2007, according to the Issuers Form 10-Q filed on September 7, 2007 with the Securities Exchange Commission. | ||
(c) | North Run, the GP, the Investment Manager, Todd B. Hammer and Thomas B. Ellis have the sole power to vote and dispose of the 12,490,700 shares of Common Stock beneficially owned. |
Not Applicable. |
Investors in the Funds identified in the introduction hereto have an indirect interest in dividends and/or sale proceeds of the Common Stock. The Reporting Persons do not know of any single investor with an interest, directly or indirectly, in more than 5% of the Common Stock. |
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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. |
Not Applicable. |
Item 9 | Notice of Dissolution of Group. |
Not Applicable. |
Item 10 | Certification. |
By signing below each Reporting Person certifies that, to the best of such Reporting Persons 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. |
Exhibits | Exhibit 1 |
Joint Filing Agreement, dated September 24, 2007, between North Run, GP, the Investment Manager, Todd B. Hammer and Thomas B. Ellis. |
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NORTH RUN CAPITAL, LP | ||||||
By: | North Run Advisors, LLC | |||||
its general partner | ||||||
By: | /s/ Thomas B. Ellis | |||||
Name: | Thomas B. Ellis | |||||
Title: | Member | |||||
and | ||||||
By: | /s/ Todd B. Hammer | |||||
Name: | Todd B. Hammer | |||||
Title: | Member | |||||
NORTH RUN GP, LP | ||||||
By: | North Run Advisors, LLC | |||||
its general partner | ||||||
By: | /s/ Thomas B. Ellis | |||||
Name: | Thomas B. Ellis | |||||
Title: | Member | |||||
and | ||||||
By: | /s/ Todd B. Hammer | |||||
Name: | Todd B. Hammer | |||||
Title: | Member | |||||
NORTH RUN ADVISORS, LLC | ||||||
By: | /s/ Thomas B. Ellis | |||||
Name: | Thomas B. Ellis |
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Title: | Member | |||||
and | ||||||
By: | /s/ Todd B. Hammer | |||||
Name: | Todd B. Hammer | |||||
Title: | Member | |||||
/s/ Thomas B. Ellis | ||||||
Thomas B. Ellis | ||||||
/s/ Todd B. Hammer | ||||||
Todd B. Hammer |
11 of 11