SC 13D/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities
Published on January 30, 2007
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 1)*
NOVELIS INC.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
67000X106
(CUSIP Number)
MICHAEL LOWENSTEIN
KENSICO CAPITAL MANAGEMENT CORPORATION
55 RAILROAD AVENUE, 2ND FLOOR
GREENWICH, CONNECTICUT 06830
TEL. NO.: (203) 862-5800
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
JANUARY 26, 2007
(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 which is the subject to this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [_].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
*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 purposes 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. 67000X106 PAGE 2 OF 12
SCHEDULE 13D
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1 NAME OF REPORTING PERSON
Kensico Capital Management Corporation
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
13-4079277
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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)
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E)
[_]
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
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7 SOLE VOTING POWER
1,652,600
NUMBER OF ---------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,652,600
PERSON ---------------------------------
WITH 10 SHARED DISPOSITIVE POWER
None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,652,600
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.23%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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CUSIP NO. 67000X106 PAGE 3 OF 12
SCHEDULE 13D
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1 NAME OF REPORTING PERSON
Michael Lowenstein
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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)
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E)
[_]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States of America
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7 SOLE VOTING POWER
1,652,600
NUMBER OF ---------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,652,600
PERSON ---------------------------------
WITH 10 SHARED DISPOSITIVE POWER
None
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,652,600
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.23%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP NO. 67000X106 PAGE 4 OF 12
SCHEDULE 13D
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1 NAME OF REPORTING PERSON
Thomas J. Coleman
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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)
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E)
[_]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
1,652,600
NUMBER OF ---------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
OWNED BY ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,652,600
PERSON ---------------------------------
WITH 10 SHARED DISPOSITIVE POWER
None
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,652,600
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.23%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP NO. 67000X106 PAGE 5 OF 12
AMENDMENT NO. 1 TO SCHEDULE 13D
This Amendment No. 1 on Schedule 13D/A ("Amendment No. 1") to
the Statement on Schedule 13D ("Schedule 13D") is filed on behalf of each of
the following persons: (i) Kensico Capital Management Corporation ("Kensico
Capital Management"); (ii) Michael Lowenstein; and (iii) Thomas J. Coleman.
Kensico Capital Management, Mr. Lowenstein and Mr. Coleman are sometimes
individually referred to herein as a "Reporting Person" and collectively as the
"Reporting Persons" or "Kensico." This Amendment No. 1 is filed to reflect
certain sales by the Reporting Persons of the Common Stock of the Company.
Unless otherwise indicated, each capitalized term used but not
otherwise defined herein shall have the meaning assigned to such term in the
Schedule 13D.
Item 1. SECURITY AND ISSUER.
No change to this Item.
Item 2. IDENTITY AND BACKGROUND.
No change to this Item.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
No change to this Item.
Item 4. PURPOSE OF TRANSACTION.
No change to this Item.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
Subsections (a) and (b) of Item 5 are deleted in their entirety
and replaced with the following:
"(a) and (b) As of January 30, 2007, Kensico Partners, Kensico
Associates, Kensico Offshore, Kensico American Drawdown and Kensico Drawdown
owned beneficially 315,100, 427,800, 575,300, 23,800 and 310,600 shares of the
Common Stock, respectively, representing approximately 0.42%, 0.58%, 0.78%,
0.03% and 0.42%, respectively, of the 74,014,691 shares of the Common Stock
outstanding as reported in publicly available information.
As of January 30, 2007, Kensico Capital Management, in its
capacity of investment advisor to the Funds, had sole voting and dispositive
power with respect to 1,652,600 shares of the Common Stock, representing
approximately 2.23% of the 74,014,691 shares of the Common Stock outstanding as
reported in publicly available information.
CUSIP NO. 67000X106 PAGE 6 OF 12
As of January 30, 2007, Mr. Lowenstein, in his capacity of
Co-President of Kensico Capital Management, had sole voting and dispositive
power with respect to 1,652,600 shares of the Common Stock, representing
approximately 2.23% of the 74,014,691 shares of the Common Stock outstanding as
reported in publicly available information and, in his individual capacity, had
sole voting and dispositive power with respect to 0 shares of the Common Stock.
As of January 30, 2007, Mr. Coleman, in his capacity of
Co-President of Kensico Capital Management, had sole voting and dispositive
power with respect to 1,652,600 shares of the Common Stock, representing
approximately 2.23% of the 74,014,691 shares of the Common Stock outstanding as
reported in publicly available information and, in his individual capacity, had
sole voting and dispositive power with respect to 0 shares of the Common
Stock."
Subsections (c) and (d) of Item 5 are not changed.
Subsection (e) of Item 5 is deleted in its entirety and
replaced with the following:
"As of January 26, 2006, Kensico ceased to be the beneficial
owner of more than five percent of the shares of the Common Stock of the
Company. In accordance with applicable federal securities rules and
regulations, additional filings to report further transactions are no longer
required."
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
No change to this Item.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1: Schedule of Transactions in the Common Stock of
the Company.
Exhibit 2: Joint Filing Agreement, dated September 8, 2006
among the Reporting Persons.(1)
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(1) Previously filed.
CUSIP NO. 67000X106 PAGE 7 OF 12
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Dated: January 30, 2007
KENSICO CAPITAL MANAGEMENT CORPORATION
/s/ Michael Lowenstein
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Signature
Michael Lowenstein, Authorized Signatory
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Name/Title
MICHAEL LOWENSTEIN
/s/ Michael Lowenstein
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Signature
THOMAS J. COLEMAN
/s/ Thomas J. Coleman
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Signature