FORM 4 o
Check
this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
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OMB APPROVAL |
OMB
Number: 3235-0287 |
1. Name and Address of Reporting Person *
(Last)
(First)
(Middle)
(Street)
(City)
(State) (Zip)
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2. Issuer Name and Ticker On Command Corporation
3. I.R.S.
Identification |
4. Statement for 4/1/2002
5/9/2002 |
6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director
Officer (give title below)
X 10% Owner
Other (specify below)
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Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
1. Title of Security |
2. Transaction Date
(Month/Day/ |
2A. Deemed Execution Date,
if any (Month/Day/ |
3. Transaction Code |
4. Securities Acquired (A)
or Disposed of (D) |
5. Amount of Securities
Beneficially Owned Following Reported Transaction(s) |
6. Ownership Form: Direct
(D) or Indirect (I) |
7. Nature of Indirect
Beneficial Ownership |
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Code |
V |
Amount |
(A) or (D) |
Price |
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Common Stock |
4/1/2002 |
|
J |
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(1) |
(1) |
(1) |
19,404,365 |
I (1) |
By majority
owned subsidiary |
Series B Preferred Stock |
4/1/2002 |
|
J |
|
(1) |
(1) |
(1) |
15,000 |
I (1) |
By
majority owned subsidiary |
Series C Preferred Stock |
4/1/2002 |
|
J |
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(1) |
(1) |
(1) |
10,000 |
I (1) |
By
majority owned subsidiary |
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Table II Derivative Securities Acquired, Disposed of, or
Beneficially Owned |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security |
3. Transaction Date |
3A. Deemed Execution Date,
if any (Month/Day/ |
4. Transaction Code (Instr. 8) |
5. Number of Derivative
Securities Acquired (A) or Disposed of (D) |
6. Date Exercisable and
Expiration Date |
7. Title and Amount of
Underlying Securities |
8. Price of Derivative
Security |
9. Number of Derivative
Securities Beneficially Owned Following Reported Transaction(s) |
10. Ownership Form of
Derivative Securities: Direct (D) or Indirect (I) |
11. Nature of Indirect
Beneficial Ownership |
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Code |
V |
(A) |
(D) |
Date |
Expiration |
Title |
Amount or Number of Shares |
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Series A Warrants |
$15.27/sh |
4/1/2002 |
|
J |
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(1) |
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Immed. |
10/7/2003 |
Common Stock |
1,123,792 |
(1) |
1,123,792(1) |
I |
By
majority owned subsidiary |
Series D |
$7.55/sh |
4/1/2002 |
|
J |
|
(1) |
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12/31/2002 |
6/30/2011 (2) |
Common Stock |
7,947,018 |
(1) |
60,000(1) |
I |
By
majority owned subsidiary |
Series B Warrants |
$15.27/sh |
N/A |
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N/A |
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N/A |
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Immed. |
10/7/2003 |
Common Stock |
40 |
N/A |
40 (3) |
I |
By wholly owned subsidiary |
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Explanation
of Responses: (1) The Reporting Person is filing this Form 4 because of the change in its indirect ownership of the securities covered hereby (other than 125 shares of Common Stock and the Series B Warrants, which are owned by a wholly owned subsidiary of the Reporting Person) as a result of the transfer of Ascent Entertainment Group, Inc., a wholly-owned subsidiary of the Reporting Person and direct owner of such securities (Ascent), to a non-wholly-owned subsidiary of the Reporting Person. This transaction may be deemed to constitute a reduction in the Reporting Persons indirect pecuniary interest in such shares. On April 1, 2002, pursuant to a Purchase Agreement dated as of August 16, 2001, as amended, by and among Liberty Satellite & Technology, Inc. (LSAT), the Reporting Person, only for certain limited purposes, and another entity, all of the shares of Ascent were transferred by the Reporting Person to LSAT. Following this transaction, the Reporting Person is the owner of 84.1% of the outstanding common stock of LSAT and 100% of LSATs outstanding preferred stock, including both convertible and nonconvertible preferred stock with an aggregate stated value of $300 million.
(2) The Issuer is required to redeem all outstanding shares of Series D Preferred Stock on June 30, 2011. At any time prior to that time and on or after December 31, 2002, each share of Series D Preferred Stock, with a stated value per share of $1,000, may be converted into 132.4503 fully paid and non-assessable shares of Common Stock. In addition, if accrued but unpaid dividends of the Series D Preferred Stock are added to the liquidation value of the Series D Preferred Stock in accordance with its terms, such accrued value may also be converted into shares of Common Stock at the same conversion rate.
(3) Due to a clerical error, the Reporting Person had previously reported owning 39 Series B Warrants.
|
/s/ Elizabeth M. Markowski **
Signature of Reporting Person |
April 3, 2003 Date |
Reminder: Report on a separate line for each
class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements
or omissions of facts constitute Federal Criminal Violations.
See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
http://www.sec.gov/divisions/corpfin/forms/form4.htm
Last update: 09/05/2002