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Filing Details

Accession Number:: 0001140361-10-046637
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-11-19 17:05:08
Reporting Period:: 2010-11-17

Filing Date:: 2010-11-19
Accepted Time:: 2010-11-19 17:05:08
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
913665	Terrestar Corp	TSTRQ.PK	Communications Services, Nec (4899)	930976127

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1233563	Harbinger Capital Partners Master Fund I, Ltd.	C/O International Fund Svs. (Ireland) Lt 78 Sir John Rogerson'S Quay Dublin 2 L2 00000		No	No	Yes	No
1233569	Philip Falcone	450 Park Avenue, 30Th Floor New York NY 10022		No	No	Yes	No
1371517	Harbinger Capital Partners Special Situations Fund, L.p.	450 Park Avenue, 30Th Floor New York NY 10022		No	No	Yes	Yes
1371518	Harbinger Capital Partners Special Situations Gp, Llc	450 Park Avenue, 30Th Floor New York NY 10022	Director, Chairman And Ceo	No	Yes	Yes	No
1456927	Harbinger Holdings, Llc	450 Park Avenue, 30Th Floor New York NY 10022		No	No	Yes	No
1457298	Harbinger Capital Partners Llc	450 Park Avenue, 30Th Floor New York NY 10022		No	No	Yes	No
1466479	Credit Distressed Blue Line Master Fund, Ltd.	C/O International Fund Svs. (Ireland) Lt 78 Sir John Rogerson'S Quay Dublin 2 L2 00000		No	No	Yes	No
1466495	Harbinger Capital Partners Ii Gp Llc	450 Park Avenue, 30Th Floor New York NY 10022		No	No	Yes	No
1466496	Harbinger Capital Partners Ii Lp	450 Park Avenue, 30Th Floor New York NY 10022		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2010-11-17	478,836	$0.16	43,755,372	No	4	S	Direct
Common Stock	Disposition	2010-11-17	1,810,684	$0.16	41,944,688	No	4	S	Direct
Common Stock	Disposition	2010-11-17	4,895,514	$0.15	37,049,174	No	4	S	Direct
Common Stock	Disposition	2010-11-17	3,222,548	$0.15	10,327,857	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	6.5% Senior Exchangeable PIK Notes	Acquisiton	2010-11-17	2,000,000	$80.00	358,802	$5.57
Common Stock	6.5% Senior Exchangeable PIK Notes	Acquisiton	2010-11-18	3,921,905	$82.00	703,594	$5.57

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
27,632,314	2010-11-17	2014-06-15	No	4	P	Direct
31,554,219	2010-11-18	2014-06-15	No	4	P	Direct

Footnotes

These shares of the Issuer's common stock, par value $0.01 per share (the "Shares"), are owned by Harbinger Capital Partners Master Fund I, Ltd. (the "Master Fund"), which is a Reporting Person.
These Shares may be deemed to be indirectly beneficially owned by the following, each of whom is a Reporting Person: Harbinger Capital Partners LLC ("Harbinger LLC"), the investment manager of the Master Fund; Harbinger Holdings, LLC ("Harbinger Holdings"), the manager of Harbinger LLC; and Philip Falcone ("Mr. Falcone"), the managing member of Harbinger Holdings and the portfolio manager of the Master Fund.
These Shares are owned by Harbinger Capital Partners Special Situations Fund, L.P. (the "Special Fund"), which is a Reporting Person.
These Shares may be deemed to be indirectly beneficially owned by the following, each of whom is a Reporting Person: Harbinger Capital Partners Special Situations GP, LLC ("HCPSS"), the general partner of the Special Fund; Harbinger Holdings, the managing member of HCPSS; and Mr. Falcone, the managing member of Harbinger Holdings and the portfolio manager of the Special Fund.
These securities are owned by Credit Distressed Blue Line Master Fund, Ltd. (the "Blue Line Fund"), which is a Reporting Person
These securities may be deemed to be indirectly beneficially owned by the following, each of whom is a Reporting Person: Harbinger Capital Partners II LP ("HCP II"), the investment manager of the Blue Line Fund; Harbinger Capital Partners II GP LLC ("HCP II GP"), the general partner of HCP II; and Mr. Falcone, the managing member of HCP II GP and the portfolio manager of the Blue Line Fund.
Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, or for any other purpose.