UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
SPACEHAB, Incorporated
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(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
846243103
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(CUSIP Number)
March 7, 2008
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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)
* 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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
Page 1 of 9 pages
CUSIP No. 846243103
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1. Names of Reporting Persons. Plainfield Direct Inc.
I.R.S. Identification Nos. of above persons (entities only).
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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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Number of 5. Sole Voting Power 0
Shares Bene- --------------------------------------------------------------
ficially owned
by Each 6. Shared Voting Power 651,257
Reporting --------------------------------------------------------------
Person With:
7. Sole Dispositive Power 0
--------------------------------------------------------------
8. Shared Dispositive Power 651,257
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 651,257
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10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
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11. Percent of Class Represented by Amount in Row (9) 4.75%
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12. Type of Reporting Person (See Instructions) CO
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Page 2 of 9 pages
CUSIP No. 846243103
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1. Names of Reporting Persons. Plainfield Special Situations Master Fund
Limited
I.R.S. Identification Nos. of above persons (entities only).
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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 Cayman Islands
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Number of 5. Sole Voting Power 0
Shares Bene- --------------------------------------------------------------
ficially owned
by Each 6. Shared Voting Power 651,257
Reporting --------------------------------------------------------------
Person With:
7. Sole Dispositive Power 0
--------------------------------------------------------------
8. Shared Dispositive Power 651,257
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 651,257
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 4.75%
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12. Type of Reporting Person (See Instructions) CO
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Page 3 of 9 pages
CUSIP No. 846243103
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1. Names of Reporting Persons. Plainfield Direct Master Fund Limited
I.R.S. Identification Nos. of above persons (entities only).
--------------------------------------------------------------------------------
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 Cayman Islands
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 0
Shares Bene- --------------------------------------------------------------
ficially owned
by Each 6. Shared Voting Power 651,257
Reporting --------------------------------------------------------------
Person With:
7. Sole Dispositive Power 0
--------------------------------------------------------------
8. Shared Dispositive Power 651,257
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 651,257
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 4.75%
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12. Type of Reporting Person (See Instructions) CO
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Page 4 of 9 pages
CUSIP No. 846243103
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1. Names of Reporting Persons. Plainfield Asset Management LLC
I.R.S. Identification Nos. of above persons (entities only).
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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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Number of 5. Sole Voting Power 0
Shares Bene- --------------------------------------------------------------
ficially owned
by Each 6. Shared Voting Power 651,257
Reporting --------------------------------------------------------------
Person With:
7. Sole Dispositive Power 0
--------------------------------------------------------------
8. Shared Dispositive Power 651,257
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 651,257
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 4.75%
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12. Type of Reporting Person (See Instructions) IA, OO
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Page 5 of 9 pages
CUSIP No. 846243103
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1. Names of Reporting Persons. Max Holmes
I.R.S. Identification Nos. of above persons (entities only).
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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 United States
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Number of 5. Sole Voting Power 0
Shares Bene- --------------------------------------------------------------
ficially owned
by Each 6. Shared Voting Power 651,257
Reporting --------------------------------------------------------------
Person With:
7. Sole Dispositive Power 0
--------------------------------------------------------------
8. Shared Dispositive Power 651,257
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 651,257
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 4.75%
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12. Type of Reporting Person (See Instructions) IN
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Page 6 of 9 pages
Item 1.
(a) The name of the issuer is SPACEHAB, Incorporated (the "Issuer").
(b) The principal executive office of the Issuer is located at 12130 Highway
3, Building 1, Webster, Texas 77598-1504.
Item 2.
(a) This Amendment No. 1 to the Statement on Schedule 13G (the "Statement") is
being filed jointly with the Securities Exchange Commission on February 1,
2008 (the "Schedule 13G") by the following persons (collectively, the
"Reporting Persons"): (i) Plainfield Direct Inc., a Delaware corporation
and successor-in-interest to Plainfield Direct LLC, a Delaware limited
liability company ("Plainfield Direct"), (ii) Plainfield Special
Situations Master Fund Limited, a Cayman Islands exempt company ("Master
Fund"), (iii) Plainfield Direct Master Fund Limited, a Cayman Islands
exempt company ("Direct Master 2008 Fund"), (iv) Plainfield Asset
Management LLC, a Delaware limited liability company ("Asset Management")
and (v) Max Holmes, an individual. The Reporting Persons may be deemed to
be a "group" within the meaning of Rule 13d-5 promulgated under the
Securities Exchange Act of 1934, as amended. Nothing in this Statement or
the Schedule 13G shall be deemed an affirmation by the Reporting Persons
of the existence of a "group." Except as provided in this Statement, all
of the Items of the Schedule 13G remain unchanged.
(b) The Principal Business Office of the Reporting Persons is 55 Railroad
Avenue, Greenwich, CT 06830.
(c) For citizenship information for the Reporting Persons see item 4 of the
cover sheet of each Reporting Person.
(d) This Statement relates to the Common Stock, no par value (the "Common
Stock") of the Issuer.
(e) The CUSIP Number of the Common Stock of the Issuer is 846243103.
Item 3. If this Statement is filed pursuant to Sections 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) [ ] An investment adviser in accordance with
Section 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Section 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 Section 240.13d-1(b)(1)(ii)(J);
Item 4. Ownership.
The first paragraph of Item 4 of the Schedule 13G is amended in its entirety to
read as follows:
See Items 5-9 and 11 on the cover page for each Reporting Person. The ownership
listed on the cover page includes ownership by the Reporting Persons as of March
11, 2008 of 651,257 shares of Common Stock of the Issuer. The percentage
ownership listed on the cover page has been calculated in accordance with
Section 240.13d-3(d)(1) and is based upon 13,707,296 shares of the Issuer's
Common Stock outstanding on February 15, 2008 as reported in the Issuer's Proxy
Statement filed on March 3, 2008.
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Instruction. For computations regarding securities which represent a right to
acquire an underlying security see Section 240.13d-3(d)(1).
Page 7 of 9 pages
Item 5. Ownership of Five Percent or Less of a Class
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. [X]
Instruction: Dissolution of a group requires a response to this item.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, such
securities, a Statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required. [ ]
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
If a parent holding company or control person has filed this Schedule, pursuant
to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit
stating the identity and the Item 3 classification of the relevant subsidiary.
If a parent holding company or control person has filed this Schedule pursuant
to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification
of the relevant subsidiary.
[ ] EXHIBIT ATTACHED
Item 8. Identification and Classification of Members of the Group
If a group has filed this Schedule pursuant to Rule 13d-1(b)(1)(ii)(J), so
indicate under Item 3(j) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this Schedule
pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the
identity of each member of the group.
Item 9. Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit stating the date
of the dissolution and that all further filings with respect to transactions in
the security reported on will be filed, if required, by members of the group, in
their individual capacity. See Item 5.
[ ] EXHIBIT ATTACHED
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.
Page 8 of 9 pages
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.
Dated: March 13, 2008
PLAINFIELD DIRECT INC.
By: /s/ Thomas X. Fritsch
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Thomas X. Fritsch
Authorized Individual
PLAINFIELD SPECIAL SITUATIONS MASTER FUND
LIMITED
By: /s/ Thomas X. Fritsch
----------------------------------
Thomas X. Fritsch
Authorized Individual
PLAINFIELD DIRECT MASTER FUND LIMITED
By: /s/ Thomas X. Fritsch
----------------------------------
Thomas X. Fritsch
Authorized Individual
PLAINFIELD ASSET MANAGEMENT LLC
By: /s/ Thomas X. Fritsch
----------------------------------
Thomas X. Fritsch
Managing Director and General Counsel
MAX HOLMES
By: /s/ Thomas X. Fritsch
----------------------------------
Thomas X. Fritsch
Attorney-in-Fact*
* Duly authorized pursuant to Power of Attorney, February 1, 2007, by and on
behalf of Max Holmes, appointing Thomas X. Fritsch as his attorney-in-fact,
which Power of Attorney was filed as Exhibit A to the Schedule 13G filed by the
Reporting Persons with respect to the Issuer on February 1, 2008 and is
incorporated by reference herein.
Page 9 of 9 pages
EXHIBIT A
JOINT FILING AGREEMENT PURSUANT TO RULE 13D-1(K)(1)
This agreement is made pursuant to Rule 13d-1(k)(1) under the Securities
Exchange Act of 1934, as amended (the "Act") by and among the parties listed
below, each referred to herein as a "Joint Filer." The Joint Filers agree that a
Statement of beneficial ownership as required by Section 13(d) of the Act and
the Rules thereunder may be filed on each of their behalf on Schedule 13D or
Schedule 13G, as appropriate, with respect to the Securities of SPACEHAB,
Incorporated (the "Issuer") and that said joint filing may thereafter be amended
by further joint filings. The Joint Filers state that they each satisfy the
requirements for making a joint filing under Rule 13d-1.
Dated: March 13, 2008
PLAINFIELD DIRECT INC.
By: /s/ Thomas X. Fritsch
----------------------------------
Thomas X. Fritsch
Authorized Individual
PLAINFIELD SPECIAL SITUATIONS MASTER FUND
LIMITED
By: /s/ Thomas X. Fritsch
----------------------------------
Thomas X. Fritsch
Authorized Individual
PLAINFIELD DIRECT MASTER FUND LIMITED
By: /s/ Thomas X. Fritsch
----------------------------------
Thomas X. Fritsch
Authorized Individual
PLAINFIELD ASSET MANAGEMENT LLC
By: /s/ Thomas X. Fritsch
----------------------------------
Thomas X. Fritsch
Managing Director and General Counsel
MAX HOLMES
By: /s/ Thomas X. Fritsch
----------------------------------
Thomas X. Fritsch
Attorney-in-Fact*
* Duly authorized pursuant to Power of Attorney, dated February 1, 2007 by and
on behalf of Max Holmes, appointing Thomas X. Fritsch as his attorney-in-fact,
included as Exhibit A to the Schedule 13G filed by the Joint Filers with respect
to the Issuer on February 1, 2008.