SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G/A
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 3)
MERCER INTERNATIONAL INC.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
5880561015
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(CUSIP Number)
December 31, 2002
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(Date of Event Which Requires Filing of this Statement)
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)
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CUSIP No. 5880561015 13G/A
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Greenlight Capital, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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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
2,517,500
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
2,517,500
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,517,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.0%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP No. 5880561015 13G/A
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David Einhorn
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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5 SOLE VOTING POWER
2,517,500
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
2,517,500
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,517,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.0%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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AMENDMENT NO. 3 TO SCHEDULE 13G
This Amendment No. 3 to Schedule 13G (the "Schedule 13G") relating to
the common stock of Mercer International Inc., a Delaware corporation
("Mercer"), is being filed with the Securities and Exchange Commission (the
"Commission") as an amendment to Schedule 13G filed on January 26, 2000, as
amended by Amendment No. 1 filed with the Commission on February 5, 2001, as
amended by Amendment No. 2 filed with the Commission on February 14, 2002. This
statement is being filed on behalf of Greenlight Capital, L.L.C., a Delaware
limited liability company ("Greenlight"), and Mr. David Einhorn, principal of
Greenlight.
This Schedule 13G relates to shares of common stock of Mercer
International Inc. purchased by Greenlight for the account of (i) Greenlight
Capital, L.P. ("Greenlight Capital"), of which Greenlight is the general
partner, (ii) Greenlight Capital Qualified, L.P. ("Greenlight Qualified"), of
which Greenlight is the general partner, and (iii) Greenlight Capital Offshore,
Ltd. ("Greenlight Offshore"), of which the investment advisor is an affiliate of
Greenlight. The original Schedule 13G is hereby amended and supplemented as
follows:
ITEM 2(a) NAME OF PERSON FILING.
Greenlight and David Einhorn
ITEM 2(c) CITIZENSHIP OR PLACE OF ORGANIZATION.
Greenlight is a limited liability company organized under the laws of
the State of Delaware. David Einhorn is the principal of Greenlight
and a United States citizen.
ITEM 4 OWNERSHIP.
(a) Greenlight and Mr. Einhorn are the beneficial owners of
2,517,500 shares of Common Stock.
(b) Greenlight and Mr. Einhorn are the beneficial owners of
15.0% of the outstanding shares of Common Stock. This
percentage is determined by dividing 2,517,500 by
16,794,899, the number of shares of Common Stock issued
and outstanding as of November 12, 2002, as reported in
the Issuer's quarterly report on Form 10-Q filed November
14, 2002.
(c) Greenlight has the sole power to vote and dispose of the
2,517,500 shares of Common Stock beneficially owned by it.
As the principal of Greenlight, Mr. Einhorn may direct the
vote and disposition of the 2,517,500 shares of Common
Stock beneficially owned by Greenlight.
ITEM 10 CERTIFICATION.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or
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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 March 13, 2003 between Greenlight and
David Einhorn.
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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.
Date: March 13, 2003
GREENLIGHT CAPITAL, L.L.C.
By: /S/ DAVID EINHORN
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David Einhorn, Managing Member
/S/ DAVID EINHORN
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David Einhorn
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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Exhibit 1 Joint Filing Agreement dated March 13, 2003 between Greenlight and
David Einhorn.
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