Sec Form 4 Filing - Solus Alternative Asset Management LP @ FiberTower CORP - 2012-12-05

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
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1. Name and Address of Reporting Person
Solus Alternative Asset Management LP
2. Issuer Name and Ticker or Trading Symbol
FiberTower CORP [ FTWRQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
410 PARK AVENUE, 11TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
12/05/2012
(Street)
NEW YORK, NY10022
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.0001 per share ("Common Stock") 12/05/2012 S 112,420 D $ 0.0406 10,022,781 I See footnotes ( 1 ) ( 2 ) ( 3 )
Common Stock 12/07/2012 S 64,730 D $ 0.0324 9,958,051 I See footnotes ( 1 ) ( 2 ) ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Solus Alternative Asset Management LP
410 PARK AVENUE, 11TH FLOOR
NEW YORK, NY10022
X
Solus GP LLC
410 PARK AVENUE, 11TH FLOOR
NEW YORK, NY10022
X
Pucillo Christopher
410 PARK AVENUE, 11TH FLOOR
NEW YORK, NY10022
X
Signatures
/s/ Christopher Pucillo, as Managing Member of Solus GP LLC, the General Partner of Solus Alternative Asset Management LP 12/07/2012
Signature of Reporting Person Date
/s/ Christopher Pucillo, as Managing Member of Solus GP LLC 12/07/2012
Signature of Reporting Person Date
/s/ Christopher Pucillo 12/07/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The securities to which this Form 4 relates were held directly by certain funds and accounts (collectively, the "Clients") managed by Solus Alternative Asset Management LP ("Solus"). This Form 4 shall not be construed as an admission that any Client is the beneficial owner of any shares of Common Stock. Solus, a Delaware limited partnership, is a registered investment adviser that serves as investment adviser to the Clients, and as such has discretion over the securities held by the Clients. Pursuant to Rule 16a-1(a)(1), Solus is not deemed to beneficially own the securities held by the Funds but has elected to file this Form 4 nevertheless.
( 2 )Solus GP LLC ("Solus GP") is the general partner of Solus. Solus GP does not beneficially own any such securities as the term "beneficial owner" is defined in Rule 16a-1(a)(2) but has elected to file this Form 4 nevertheless.
( 3 )Christopher Pucillo is the managing member of Solus GP. Mr. Pucillo disclaims beneficial ownership of the securities held directly by the Clients pursuant to Rule 16a-1(a)(4), except to the extent of his indirect pecuniary interest, if any, in such securities as a result of his interest in affiliates of Solus or the Clients.

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 4(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).

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