UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
CHART ACQUISITION CORP.
(Name of Issuer)
COMMON STOCK, $0.0001 par value
(Title of Class of Securities)
161151204
(CUSIP Number)
Paul Friedman
BlueMountain Capital Management, LLC
280 Park Avenue, 5th Floor East
New York, New York 10017
Telephone: 212-905-3990
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
December 31, 2012
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1(b)
¨ 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 disclosures provided in a prior cover page. |
The information required on 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).
| CUSIP No. 579489105 | 13G | Page 2 of 6 Pages |
| 1. |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC (26-1523875) | |||||
| 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, United States of America | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
00,000 | ||||
| 6. | SHARED VOTING POWER
750,000 | |||||
| 7. | SOLE DISPOSITIVE POWER
00,000 | |||||
| 8. | SHARED DISPOSITIVE POWER
750,000 | |||||
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,000 | |||||
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ¨
| |||||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.7% | |||||
| 12. | TYPE OF REPORTING PERSON (see instructions)
IA | |||||
| CUSIP No. 579489105 | 13G | Page 3 of 6 Pages |
| 1. |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BLUEMOUNTAIN GP HOLDINGS, LLC (26-1523585) | |||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) x
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
00,000 | ||||
| 6. | SHARED VOTING POWER
667,500 | |||||
| 7. | SOLE DISPOSITIVE POWER
00,000 | |||||
| 8. | SHARED DISPOSITIVE POWER
667,500 | |||||
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
667,500 | |||||
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ¨
| |||||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.9% | |||||
| 12. | TYPE OF REPORTING PERSON (see instructions)
OO | |||||
| CUSIP No. 579489105 | 13G | Page 4 of 6 Pages |
| Item 1. | (a) |
Name of Issuer | ||||||||||
| Chart Acquisition Corp. | ||||||||||||
| (b) |
Address of Issuer’s Principal Executive Offices | |||||||||||
| 75 Rockefeller Plaza, 14th Floor New York, NY 10019 |
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| Item 2. | (a) |
Name of Person Filing | ||||||||||
| This Schedule 13G is being filed on behalf of BlueMountain Capital Management, LLC (“BMCM”) and BlueMountain GP Holdings, LLC (“GP Holdings” and together with BMCM, the “Reporting Persons” ) with respect to the shares of Common Stock, par value $0.01 per share (the “Common Stock”) of Chart Acquisition Corp., a Delaware corporation (the “Issuer”).
BMCM acts as investment manager to, and exercises investment discretion with respect to the Common Stock directly owned by, the following entities: |
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| (i) |
Blue Mountain Credit Alternatives Master Fund L.P., a Cayman Islands exempted limited partnership (“Credit Alternatives”) with respect to the 431,250 shares of Common Stock directly owned by it; |
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| (ii) |
BlueMountain Long/Short Credit Master Fund L.P., a Cayman Islands exempted limited partnership (“Long/Short Credit”) with respect to the 153,750 shares of Common Stock directly owned by it; |
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| (iii) |
BlueMountain Equity Alternatives Master Fund L.P., a Cayman Islands exempted limited partnership (“Equity Alternatives”) with respect to the 45,750 shares of Common Stock directly owned by it; |
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| (iv) |
BlueMountain Kicking Horse Fund L.P., a Cayman Islands exempted limited partnership (“Kicking Horse” and together with Credit Alternatives, Long/Short Credit and Equity Alternatives, the “Partnerships”) with respect to the 36,750 shares of Common Stock directly owned by it; |
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| (v) |
BlueMountain Long Short Grasmoor Fund Ltd., a Cayman Islands exempted limited company with respect to the 17,250 shares of Common Stock directly owned by it; |
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| (vi) |
BlueMountain Timberline Ltd., a Cayman Islands exempted limited company with respect to the 45,750 shares of Common Stock directly owned by it; and |
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| (vii) |
AAI BlueMountain Fund PLC, on behalf of its sub-fund BlueMountain Long/Short Credit and Distressed Reflection Fund, an Irish open-ended umbrella fund investment company incorporated as a public limited company with variable capital and with segregated liability between its sub-funds, with respect to the 19,500 shares of Common Stock directly owned by it. |
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| GP Holdings serves as the ultimate general partner of each of the Partnerships, with respect to the Common Stock directly owned by each of the Partnerships.
The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purpose of Section 13 of the Act, the beneficial owner of the Common Stock reported herein. |
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| (b) |
Address of the Principal Office or, if none, residence | |||||||||||
| The address of the principal business office of each of the Reporting Persons is 280 Park Avenue, 5th Floor East, New York, New York 10017. | ||||||||||||
| (c) |
Citizenship | |||||||||||
| Each Reporting Person is a limited liability company organized under the laws of the State of Delaware, USA. | ||||||||||||
| (d) |
Title of Class of Securities | |||||||||||
| Common Stock, $0.0001 par value | ||||||||||||
| (e) |
CUSIP Number | |||||||||||
| 161151204 | ||||||||||||
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |||||||||||
| (a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | ||||||||||
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | ||||||||||
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | ||||||||||
| (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). | ||||||||||
| (e) | x | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | ||||||||||
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | ||||||||||
| (g) | ¨ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | ||||||||||
| (h) | ¨ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | ||||||||||
| (i) | ¨ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | ||||||||||
| (j) | ¨ | Group, in accordance with §240.13d-1(b)(1)(ii)(K). | ||||||||||
| CUSIP No. 579489105 | 13G | Page 5 of 6 Pages |
| Item 4. | Ownership. | |||||||||
| Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
The information required by Items 4(a) – (c) is set forth in Rows 5-11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
BMCM and GP Holdings expressly declare that this filing shall not be construed as an admission that each is, for the purposes of sections 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this filing.
The Company’s Amendment No. 11 to Form S-1 filed on December 7, 2012 indicates that the total number of outstanding shares of Common Stock as of December 7, 2012 was 9,500,000. The percentages used herein and in the rest of the Schedule 13G are based upon such number of shares of Common Stock outstanding.
Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1). |
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| Item 5. | Ownership of Five Percent or Less of a Class. | |||||||||
| Not Applicable
If this statement is being filed to report the fact 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 ¨.
Instruction. Dissolution of a group requires a response to this item. |
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| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. | |||||||||
| Not Applicable | ||||||||||
| 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. | |||||||||
| The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):
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 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. |
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| CUSIP No. 579489105 | 13G | Page 6 of 6 Pages |
SIGNATURES
After reasonable inquiry and to the best of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
DATED: February 13, 2013
| BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC | ||
| By: | /s/ PAUL FRIEDMAN | |
| Paul Friedman, Chief Compliance Officer | ||
| BLUEMOUNTAIN GP HOLDINGS, LLC | ||
| By: | /s/ PAUL FRIEDMAN | |
| Paul Friedman, Chief Compliance Officer | ||