UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 4
Under the Securities Exchange Act of 1934
Information to be included in statements filed
pursuant to Rule 13D-1(A) and Amendments
thereto filed pursuant to Rule 13D-2(A)
Global Signal Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
37944Q 10 3
--------------------------------------------------------------------------------
(CUSIP Number)
Randal A. Nardone
Secretary
Fortress Registered Investment Trust
c/o Fortress Investment Group LLC
1345 Avenue of the Americas
New York, New York 10105
(212) 798-6100
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
COPY TO:
Joseph A. Coco, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, New York 10036
(212) 735-3000
December 9, 2005
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check
the following box. [ ]
*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).
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 2 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRIT PINN LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC/AF
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES
----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
-19,162,248-
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
-0-
REPORTING ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
-19,162,248-
WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-19,162,248-
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.9% (based on 68,619,155 shares of common stock outstanding as of
November 4, 2005)
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------------------------------------------------------------------------
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 3 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fortress Registered Investment Trust
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC/AF
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
8 SHARED VOTING POWER -20,306,252*-
BENEFICIALLY (inclusive of 644,000 shares issuable upon
exercise of options beneficially owned by
OWNED BY the reporting person which are exercisable
as of or within 60 days of December 9,
EACH 2005)
REPORTING ----------------------------------------------------
9 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-20,306,252*-
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-20,306,252-
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.3% (based on 68,619,155 shares of common stock outstanding as of
November 4, 2005 and including 644,000 issuable upon exercise of options
beneficially owned by the reporting person which are exercisable as of or
within 60 days of December 9, 2005)
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------------------------------------------------------------------------
* 19,162,248 shares solely in its capacity as the sole member of FRIT PINN LLC.
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 4 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fortress Pinnacle Investment Fund LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
-----------------------------------------------------
SHARES 8 SHARED VOTING POWER
-5,137,444-
BENEFICIALLY
-----------------------------------------------------
OWNED BY
9 SOLE DISPOSITIVE POWER
EACH -0-
REPORTING -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON -5,137,444-
WITH
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-5,137,444-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.5% (based on 68,619,155 shares of common stock outstanding as of
November 4, 2005)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IV
--------------------------------------------------------------------------------
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 5 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FIG Advisors LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES -----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY -5,137,444-
OWNED BY -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH -0-
REPORTING -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON -5,137,444-
WITH
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-5,137,444-
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.5% (based on 68,619,155 shares of common stock outstanding as of
November 4, 2005)
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IA
-------------------------------------------------------------------------------
* Solely in its capacity as the investment advisor of Fortress Pinnacle
Investment Fund LLC
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 6 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert H. Gidel
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -25,000-
SHARES
-----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
-5,137,444*-
OWNED BY
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
-25,000-
REPORTING
-----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
-5,137,444*-
WITH
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-5,162,444-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.5% (based on 68,619,155 shares of common stock outstanding as of
November 4, 2005)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
--------------------------------------------------------------------------------
* Solely in his capacity as the sole manager of Fortress Pinnacle Investment
Fund LLC.
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 7 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fortress Investment Fund LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES
-----------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER
OWNED BY -20,306,252*- (inclusive of 644,000 shares
issuable upon exercise of options
EACH beneficially owned by the reporting person
which are exercisable as of or within 60
REPORTING days of December 9, 2005)
PERSON
-----------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-20,306,252*-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-20,306,252-
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 29.3% (based on
68,619,155 shares of common stock outstanding as of November 4, 2005 and
including 644,000 shares issuable upon exercise of options beneficially
owned by the reporting person which are exercisable as of or within 60
days of December 9, 2005)
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------------------------------------------------------------------------
* Solely in its capacity as the holder of all issued and outstanding shares
of beneficial interest of Fortress Registered Investment Trust.
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 8 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fortress Fund MM LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES
-----------------------------------------------------
BENEFICIALLY
8 SHARED VOTING POWER
OWNED BY -20,306,252*- (inclusive of 644,000 shares
issuable upon exercise of options
EACH beneficially owned by the reporting person
which are exercisable as of or within 60
REPORTING days of December 9, 2005)
PERSON
-----------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-20,306,252*-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-20,306,252-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 29.3% (based on
68,619,155 shares of common stock outstanding as of November 4, 2005 and
including 644,000 shares issuable upon exercise of options beneficially
owned by the reporting person which are exercisable as of or within 60
days of December 9, 2005)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
--------------------------------------------------------------------------------
* Solely in its capacity as the managing member of Fortress Investment
Fund LLC.
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 9 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FIT GSL LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES
-----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
-4,705,883-
OWNED BY
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
-0-
REPORTING
-----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
-4,705,883-
WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-4,705,883-
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9% (based on 68,619,155 shares of common stock outstanding as of
November 4, 2005)
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------------------------------------------------------------------------
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 10 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fortress Investment Trust II
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES
-----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
-4,705,883-*
OWNED BY
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
-0-
REPORTING
-----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
-4,705,883-*
WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-4,705,883-
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9% (based on 68,619,155 shares of common stock outstanding as of
November 4, 2005)
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------------------------------------------------------------------------
* Solely in its capacity as the holder of all issued and outstanding shares of
beneficial interest of FIT GSL LLC.
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 11 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fortress Investment Fund II LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES
-----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
-4,705,883-*
OWNED BY
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
-0-
REPORTING
-----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
-4,705,883-*
WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-4,705,883-
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9% (based on 68,619,155 shares of common stock outstanding as of
November 4, 2005)
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------------------------------------------------------------------------
* Solely in its capacity as the holder of a majority of the issued and
outstanding shares of beneficial interest of Fortress Investment Trust II.
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 12 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fortress Fund MM II LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES
-----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
-4,705,883*-
OWNED BY
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
-0-
REPORTING
-----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
-4,705,883*-
WITH
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-4,705,883-
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9% (based on 68,619,155 shares of common stock outstanding as of
November 4, 2005)
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------------------------------------------------------------------------
* Solely in its capacity as the managing member of Fortress Investment Fund II
LLC.
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 13 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fortress Investment Group LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY -31,047,879*- (inclusive of 644,000 shares
issuable upon exercise of options
OWNED BY beneficially owned by the reporting person
which are exercisable as of or within 60
EACH days of December 9, 2005)
REPORTING
-----------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
-0-
WITH -----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-31,047,879*-
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-31,047,879-
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 44.8% (based on
68,619,155 shares of common stock outstanding as of November 4, 2005
and including 644,000 shares issuable upon exercise of options
beneficially owned by the reporting person which are exercisable as
of or within 60 days of December 9, 2005)
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-------------------------------------------------------------------------------
* 4,705,883 shares solely in its capacity as the managing member of Fortress
Fund MM II LLC, 20,306,252 shares solely in its capacity as the managing
member of Fortress Fund MM LLC, 5,137,444 shares solely in its capacity as
the holder of all issued and outstanding shares of beneficial interest of
FIG Advisors LLC, and 898,300 shares solely in its capacity as the managing
member of Drawbridge Global Macro Fund Advisors LLC.
SCHEDULE 13D
-------------------------------------------------------------------------------
CUSIP No. 37944Q 10 3 Page 14 of 16 Pages
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fortress Investment Holdings LLC
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) | |
(b) | |
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES -----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY -31,047,879*- (inclusive of 644,000 shares
issuable upon exercise of options
OWNED BY beneficially owned by the reporting person
which are exercisable as of or within 60
EACH days of December 9, 2005)
REPORTING -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
PERSON -0-
-----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-31,047,879*-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-31,047,879-
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 44.8% (based on
68,619,155 shares of common stock outstanding as of November 4, 2005
and including 644,000 shares issuable upon exercise of options
beneficially owned by the reporting person which are exercisable as
of or within 60 days of December 9, 2005)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
--------------------------------------------------------------------------------
* Solely in its capacity as the sole member of Fortress Investment Group LLC.
The item numbers and responses thereto below are in accordance with the
requirements of Schedule 13D.
This Amendment No. 4 (this "Amendment") amends and supplements the
Schedule 13D filed on January 3, 2005, as amended by Amendment No. 1 thereto
filed on February 16, 2005, as amended by Amendment No. 2 thereto filed on May
11, 2005, and as amended by Amendment No. 3 thereto filed on May 31, 2005 (as
so amended, the "Schedule 13D"), by FRIT PINN LLC ("FRIT PINN"), Fortress
Registered Investment Trust ("FRIT"), Fortress Pinnacle Investment Fund LLC
("FPIF"), FIG Advisors LLC ("FIGA"), Robert H. Gidel ("Gidel"), Fortress
Investment Fund LLC ("FIF"), Fortress Fund MM LLC ("FFMM"), FIT GSL LLC ("FIT
GSL"), Fortress Investment Trust II ("FIT II"), Fortress Investment Fund II
("FIF II"), Fortress Fund MM II LLC ("FFMMII"), Fortress Investment Group LLC
("FIG"), and Fortress Investment Holdings LLC ("FIH" and together with FRIT
PINN, FRIT, FPIF, FIGA, Gidel, FIF, FFMM, FIT GSL, FIT II, FIF II, FFMMII,
FIG, the "Reporting Persons") with respect to the shares of common stock, par
value $0.01 per share (the "Common Stock"), of Global Signal Inc., a Delaware
corporation (the "Issuer"). All capitalized terms used in this Amendment and
not otherwise defined herein have the meanings assigned to such terms in the
Schedule 13D.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
FRIT has replaced the Credit Agreement, dated as of December 21, 2004,
between FRIT PINN and Bank of America, N.A., Morgan Stanley Asset Funding
Inc., the other lenders that may become parties thereto and Banc of America
Securities LLC (the "Old Credit Agreement"), with the FRIT Credit Agreement
discussed below. No shares of the Issuer's Common Stock remain pledged under
the Old Credit Agreement.
FRIT entered into a credit agreement, dated as of December 9, 2005, with
Deutsche Bank AG, London Branch and the other lenders that may become parties
thereto (the "FRIT Credit Agreement"). Pursuant to the FRIT Credit Agreement,
FRIT borrowed $464.4 million from the lenders thereunder and this amount is
secured by a pledge of a total of 19,659,324 shares of the Issuer's Common
Stock, consisting of a pledge by FRIT of a total of 497,076 shares owned by
FRIT and a pledge by FRIT PINN of a total of 19,162,248 shares owned by FRIT
PINN. The term of the FRIT Credit Agreement is 12 months with a six-month
extension at the option of the lenders. The 19,659,324 shares of Common Stock
represents approximately 28.6% of the Issuer's issued and outstanding Common
Stock as of November 4, 2005.
In addition, FIT II entered into a credit agreement, dated as of December
9, 2005, with Deutsche Bank AG, London Branch and the other lenders that may
become parties thereto (the "FIT II Credit Agreement", and together with the
FRIT Credit Agreement, the "New Credit Agreements"). Pursuant to the FIT II
Credit Agreement, FIT II borrowed $228.3 million from the lenders thereunder
and this amount is secured by a pledge by FIT GSL of a total of 4,705,883
shares of the Issuer's Common Stock owned by FIT GSL. The term of the FIT II
Credit Agreement is 12 months with a six-month extension at the option of the
lenders. The 4,705,883 shares of Common Stock represents approximately 6.9%
of the Issuer's issued and outstanding Common Stock as of November 4, 2005.
The New Credit Agreements contain representations, covenants and default
provisions relating to FRIT, FRIT PINN, FIT II, FIT GSL, and the Issuer, and
also require prepayment of a portion of the borrowings by FRIT and FIT II in
the event the trading price of the Issuer's Common Stock decreases below
certain specified levels. In the event of a default under the New Credit
Agreements by FRIT or FIT II, the lenders may foreclose upon any and all
shares of Common Stock pledged to them. FRIT and FIT II have agreed in the New
Credit Agreements that if a shelf registration statement is not effective and
usable for resales of any portion of the pledged common stock by the lenders
or their assignees (in the event of foreclosure) as of March 9, 2006, FRIT or
FIT II, as applicable, will prepay a related portion of their borrowings.
Except as provided in the Amended and Restated Investor Agreement, the
Option Agreement, the Credit Agreements or as set forth herein, neither any of
the Reporting Persons nor, to the best of such Reporting Persons' knowledge,
any of the Covered Persons has any contracts, arrangements, understandings or
relationships (legal or otherwise), with any person with respect to any
securities of the Issuer, including, but not limited to, transfer or voting of
any securities, finder's fees, joint ventures, loan or option arrangements,
puts or calls, guarantees of profits, division of profits or losses, or the
giving or withholding of proxies.
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: December 12, 2005
FORTRESS PINNACLE INVESTMENT FUND LLC
By: /s/ Robert H. Gidel
---------------------------------
Robert H. Gidel
as sole manager of Fortress
Pinnacle Investment Fund LLC
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: December 12, 2005
FIG ADVISORS LLC
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
as Chief Operating Officer of
Fortress Investment Group LLC,
managing member of FIG
Advisors LLC
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: December 12, 2005
ROBERT H. GIDEL
/s/ Robert H. Gidel
-------------------------------
Robert H. Gidel
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: December 12, 2005
FRIT PINN LLC
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
as Vice President and Secretary
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: December 12, 2005
FORTRESS REGISTERED INVESTMENT TRUST
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
as Chief Operating Officer
and Secretary
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: December 12, 2005
FORTRESS INVESTMENT FUND LLC
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
as Chief Operating Officer and
Secretary of Fortress
Fund MM LLC, managing member of
Fortress Investment Fund LLC
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: December 12, 2005
FORTRESS FUND MM LLC
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
as Chief Operating Officer
and Secretary
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: December 12, 2005
FIT GSL LLC
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
as Chief Operating Officer
and Secretary
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: December 12, 2005
FORTRESS INVESTMENT TRUST II
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
as Chief Operating Officer and
Secretary
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: December 12, 2005
FORTRESS INVESTMENT FUND II LLC
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
as Chief Operating Officer
and Secretary of Fortress
Fund MM II LLC, managing
member of Fortress Investment
Fund II LLC
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: December 12, 2005
FORTRESS FUND MM II LLC
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
as Chief Operating Officer and
Secretary
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: December 12, 2005
FORTRESS INVESTMENT GROUP LLC
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
as Chief Operating Officer
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: December 12, 2005
FORTRESS INVESTMENT HOLDINGS LLC
By: /s/ Randal A. Nardone
---------------------------------
Randal A. Nardone
As Manager