FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Sola Ltd

2. Date of Event Requiring Statement (MM/DD/YYYY)
12/15/2009 

3. Issuer Name and Ticker or Trading Symbol

FiberTower CORP [FTWRD]

(Last)        (First)        (Middle)

C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 430 PARK AVENUE, 9TH FLR

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            ___ X ___ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

NEW YORK, NY 10022       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   8799994   D   (1)  
Common Stock   0   I   See Footnote   (2)
Common Stock   0   I   See Footnote   (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  The securities to which this Form 3 relates are held directly by Sola Ltd, a Cayman Islands exempt company (the "Fund"). This Form 3 shall not be construed as an admission that the Fund is the beneficial owner of any shares of common stock of FiberTower Corporation (the "Issuer"), and the Fund expressly disclaims any such beneficial ownership. Solus Alternative Asset Management LP, a Delaware limited partnership ("Solus"), is a registered investment adviser that serves as investment adviser to the Fund, and as such has discretion over the securities held by the Fund. Solus also serves as investment adviser to other funds which hold in the aggregate less than 5% of the common stock of the Issuer. Pursuant to Rule 16a-1(a)(1), Solus is not deemed to beneficially own the securities held by the Fund.
( 2)  Solus GP LLC ("Solus GP") is the general partner of Solus. Solus GP does not beneficially own any such shares as the term "beneficial owner" is defined in Rule 16a-1.
( 3)  Christopher Pucillo is the managing member of Solus GP. Mr. Pucillo disclaims beneficial ownership of the shares held directly by the Fund, except to the extent of the indirect pecuniary interest, if any, in such shares as a result of his interest in affiliates of Solus or the Fund.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Sola Ltd
C/O SOLUS ALTERNATIVE ASSET MANAGEMENT
430 PARK AVENUE, 9TH FLR
NEW YORK, NY 10022

X

Solus GP LLC
C/O SOLUS ALTERNATIVE ASSET MANAGEMENT
430 PARK AVENUE, 9TH FLR
NEW YORK, NY 10022

X

Pucillo Christopher
C/O SOLUS ALTERNATIVE ASSET MANAGEMENT
430 PARK AVENUE, 9TH FLR
NEW YORK, NY 10022

X


Signatures
/s/ Christopher Pucillo as Managing Member of Solus GP LLC 12/23/2009
** Signature of Reporting Person Date

/s/ Christopher Pucillo, as Director of Sola Ltd 12/23/2009
** Signature of Reporting Person Date

/s/ Christopher Pucillo 12/23/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who 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.
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