UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
BEARINGPOINT, INC.
------------------
(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
074002106
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(CUSIP Number)
December 31, 2006
--------------------------------
(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).
Continued on following pages
Page 1 of 8 Pages
SCHEDULE 13G
CUSIP No.: 074002106 Page 2 of 8 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MANAGEMENT, LLC
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Delaware
................................................................................
Number of 5. Sole Voting Power None
Shares -------------------------------------------------------
Beneficially 6. Shared Voting Power 20,599,345
Owned by Each -------------------------------------------------------
Reporting 7. Sole Dispositive Power None
Person With -------------------------------------------------------
8. Shared Dispositive Power 20,599,345
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
20,599,345
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
9.97% based on 201,593,999 shares outstanding as of January 3,
2007./1/
................................................................................
12. Type of Reporting Person:
OO
................................................................................
/1/ The Reporting Person may also be deemed to be the beneficial owner of
shares issuable upon conversion of certain convertible notes. The shares
that would be obtained by the Reporting Person upon conversion have been
included as shares outstanding for purposes of calculating the Reporting
Person's percentage of beneficial ownership.
SCHEDULE 13G
CUSIP No.: 074002106 Page 3 of 8 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL GP, LLC
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Delaware
................................................................................
Number of 5. Sole Voting Power None
Shares -------------------------------------------------------
Beneficially 6. Shared Voting Power 20,599,345
Owned by Each -------------------------------------------------------
Reporting 7. Sole Dispositive Power None
Person With -------------------------------------------------------
8. Shared Dispositive Power 20,599,345
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
20,599,345
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
9.97% based on 201,593,999 shares outstanding as of January 3, 2007./1/
................................................................................
12. Type of Reporting Person:
OO
................................................................................
/1/ The Reporting Person may also be deemed to be the beneficial owner of
shares issuable upon conversion of certain convertible notes. The shares
that would be obtained by the Reporting Person upon conversion have been
included as shares outstanding for purposes of calculating the Reporting
Person's percentage of beneficial ownership.
SCHEDULE 13G
CUSIP No.: 074002106 Page 4 of 8 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LAWRENCE M. ROBBINS
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
United States of America
................................................................................
Number of 5. Sole Voting Power None
Shares -------------------------------------------------------
Beneficially 6. Shared Voting Power 20,599,345
Owned by Each -------------------------------------------------------
Reporting 7. Sole Dispositive Power None
Person With -------------------------------------------------------
8. Shared Dispositive Power 20,599,345
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
20,599,345
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
9.97% based on 201,593,999 shares outstanding as of January 3, 2007./1/
................................................................................
12. Type of Reporting Person:
IA
................................................................................
/1/ The Reporting Person may also be deemed to be the beneficial owner of
shares issuable upon conversion of certain convertible notes. The shares
that would be obtained by the Reporting Person upon conversion have been
included as shares outstanding for purposes of calculating the Reporting
Person's percentage of beneficial ownership.
Page 5 of 8 Pages
Item 1(a). Name of Issuer:
Bearingpoint, Inc. (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
1676 International Drive, McLean, VA 22102
Item 2(a). Name of Person Filing:
This Statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):
i) Glenview Capital Management, LLC ("Glenview Capital
Management");
ii) Glenview Capital GP, LLC ("Glenview Capital GP"); and
iii) Lawrence M. Robbins ("Mr. Robbins").
This Statement relates to Shares (as defined herein) held for the
accounts of Glenview Capital Partners, L.P., a Delaware limited partnership
("Glenview Capital Partners"), Glenview Institutional Partners, L.P., a
Delaware limited partnership ("Glenview Institutional Partners"), Glenview
Capital Master Fund, Ltd., a Cayman Islands exempted company ("Glenview
Capital Master Fund"), GCM Little Arbor Master Fund, Ltd., a Cayman Islands
exempted company ("GCM Little Arbor Master Fund"), GCM Little Arbor
Institutional Partners, L.P., a Delaware limited partnership ("GCM Little
Arbor Institutional Partners"), and GCM Little Arbor Partners, L.P., a
Delaware limited partnership ("GCM Little Arbor Partners").
Glenview Capital Management serves as investment manager to each of
Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital
Master Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional
Partners, and GCM Little Arbor Partners. In such capacity, Glenview Capital
Management may be deemed to have voting and dispositive power over the Shares
held for the accounts of each of Glenview Capital Partners, Glenview
Institutional Partners, Glenview Capital Master Fund, GCM Little Arbor Master
Fund, GCM Little Arbor Institutional Partners, and GCM Little Arbor Partners.
Glenview Capital GP is the general partner of Glenview Capital Partners,
Glenview Institutional Partners, GCM Little Arbor Institutional Partners and
GCM Little Arbor Partners. Glenview Capital GP also serves as the sponsor of
the Glenview Capital Master Fund and the GCM Little Arbor Master Fund. In such
capacities, Glenview Capital GP may be deemed to have voting and dispositive
power over the Shares held for the accounts of each of Glenview Capital
Partners, Glenview Institutional Partners, Glenview Capital Master Fund, GCM
Little Arbor Master Fund, GCM Little Arbor Institutional Partners, and GCM
Little Arbor Partners. Mr. Robbins is the Chief Executive Officer of Glenview
Capital Management and Glenview Capital GP.
Item 2(b). Address of Principal Business Office or, if None, Residence
The address of the principal business office of each of Glenview Capital
Management, Glenview Capital GP, and Mr. Robbins is 767 Fifth Avenue, 44th
Floor, New York, New York 10153.
Page 6 of 8 Pages
Item 2(c) Citizenship:
i) Glenview Capital Management is a Delaware limited
liability company;
ii) Glenview Capital GP is a Delaware limited liability
company; and
iii) Mr. Robbins is a citizen of the United States of
America.
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value per share (the "Shares")
Item 2(e). CUSIP Number:
074002106
Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a). Amount Beneficially Owned:
As of December 29, 2006, each of the Reporting Persons may be deemed to
be the beneficial owner of 20,599,345 Shares. This amount consists of: (A)
764,401 Shares held for the account of Glenview Capital Partners; (B) 251,061
Shares issuable upon the conversion of certain convertible notes held for the
account of Glenview Capital Partners; (C) 9,293,945 Shares held for the
account of Glenview Capital Master Fund; (D) 3,045,304 Shares issuable upon
the conversion of certain convertible notes held for the account of Glenview
Capital Master Fund; (E) 4,393,354 Shares held for the account of Glenview
Institutional Partners; (F) 1,296,364 Shares issuable upon the conversion of
certain convertible notes held for the account of Glenview Institutional
Partners; (G) 946,529 Shares held for the account of GCM Little Arbor Master
Fund; (H) 275,455 Shares issuable upon the conversion of certain convertible
notes held for the account of GCM Little Arbor Master Fund; (I) 261,442 Shares
held for the account of GCM Little Arbor Institutional Partners; (J) 54,697
Shares issuable upon the conversion of certain convertible notes held for the
account of GCM Little Arbor Institutional Partners; (K) 15,429 Shares held for
the account of GCM Little Arbor Partners; and (L) 1,364 Shares issuable upon
the conversion of certain convertible notes held for the account of GCM Little
Arbor Partners.
Item 4(b). Percent of Class:
The number of Shares of which each of the Reporting Persons may be
deemed to be the beneficial owner constitutes approximately 9.97% of the total
number of Shares outstanding (based upon information provided by the Issuer in
its most recently-filed quarterly report on Form 10-Q, there were
approximately 201,593,999 shares outstanding as of January 3, 2007). /1/
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/1/ The Reporting Person may also be deemed to be the beneficial owner of
shares issuable upon conversion of certain convertible notes. The shares
that would be obtained by the Reporting Person upon conversion have been
included as shares outstanding for purposes of calculating the Reporting
Person's percentage of beneficial ownership.
Page 7 of 8 Pages
Item 4(c). Number of Shares of which such person has:
Glenview Capital Management, Glenview Capital GP and Mr. Robbins:
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(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 20,599,345
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 20,599,345
Item 5. Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
This Item 6 is not applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
See disclosure in Item 2 hereof.
Item 8. Identification and Classification of Members of the Group:
See disclosure in Item 2 hereof.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that, to the
best of their 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 8 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.
Date: February 14, 2007 GLENVIEW CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence M. Robbins
-----------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 14, 2007 GLENVIEW CAPITAL GP, LLC
By: /s/ Lawrence M. Robbins
-----------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 14, 2007 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
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