UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 2054
----------------------
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Five Star Quality Care, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
33832D106
(CUSIP Number)
July 19, 2007
(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 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).
Page 1 of 13 Pages
CUSIP No. 33832D106 13G Page 2 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Highbridge International LLC
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
$19,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 1,461,538
shares of Common Stock
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
$19,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 1,461,538
shares of Common Stock
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
$19,000,000 principal amount of 3.75% Convertible Senior
Notes due 2026, convertible into 1,461,538 shares of Common
Stock
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
4.61%
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(12) TYPE OF REPORTING PERSON **
OO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 33832D106 13G Page 3 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Highbridge Convertible Arbitrage Master Fund, L.P.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
$1,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 76,923
shares of Common Stock
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
$1,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 76,923
shares of Common Stock
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
$1,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 76,923
shares of Common Stock
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.24%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 33832D106 13G Page 4 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Highbridge Statistical Opportunities Master Fund, L.P.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
127,295 shares of Common Stock
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
127,295 shares of Common Stock
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
127,295 shares of Common Stock
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.40%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 33832D106 13G Page 5 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Highbridge Capital Management, LLC 20-1901985
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
127,295 shares of Common Stock
$20,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 1,538,462
shares of Common Stock
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
127,295 shares of Common Stock
$20,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 1,538,462
shares of Common Stock
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
127,295 shares of Common Stock
$20,000,000 principal amount of 3.75% Convertible Senior
Notes due 2026, convertible into 1,538,462 shares of Common
Stock
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.26%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
OO
-----------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 33832D106 13G Page 6 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Glenn Dubin
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
127,295 shares of Common Stock
$20,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 1,538,462
shares of Common Stock
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
127,295 shares of Common Stock
$20,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 1,538,462
shares of Common Stock
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
127,295 shares of Common Stock
$20,000,000 principal amount of 3.75% Convertible Senior
Notes due 2026, convertible into 1,538,462 shares of Common
Stock
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.26%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
-----------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 33832D106 13G Page 7 of 13 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Henry Swieca
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
127,295 shares of Common Stock
$20,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 1,538,462
shares of Common Stock
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
127,295 shares of Common Stock
$20,000,000 principal amount of 3.75% Convertible
Senior Notes due 2026, convertible into 1,538,462
shares of Common Stock
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
127,295 shares of Common Stock
$20,000,000 principal amount of 3.75% Convertible Senior
Notes due 2026, convertible into 1,538,462 shares of Common
Stock
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.26%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
-----------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 33832D106 13G Page 8 of 13 Pages
Item 1.
(a) Name of Issuer
Five Star Quality Care, Inc. (the "Company").
(b) Address of Issuer's Principal Executive Offices
400 Centre Street
Newton, Massachusetts 02458
Item 2(a). Name of Person Filing
Item 2(b). Address of Principal Business Office
Item 2(c). Citizenship
HIGHBRIDGE INTERNATIONAL LLC
c/o Harmonic Fund Services
The Cayman Corporate Centre, 4th Floor
27 Hospital Road
Grand Cayman, Cayman Islands, British West Indies
Citizenship: Cayman Islands, British West Indies
HIGHBRIDGE CONVERTIBLE ARBITRAGE MASTER FUND, L.P.
c/o Harmonic Fund Services
The Cayman Corporate Centre, 4th Floor
27 Hospital Road
Grand Cayman, Cayman Islands, British West Indies
Citizenship: Cayman Islands, British West Indies
HIGHBRIDGE STATISTICAL OPPORTUNITIES MASTER FUND, L.P.
c/o Harmonic Fund Services
The Cayman Corporate Centre, 4th Floor
27 Hospital Road
Grand Cayman, Cayman Islands, British West Indies
Citizenship: Cayman Islands, British West Indies
HIGHBRIDGE CAPITAL MANAGEMENT, LLC IRS #: 20-1901985
9 West 57th Street, 27th Floor
New York, New York 10019
Citizenship: State of Delaware
GLENN DUBIN
c/o Highbridge Capital Management, LLC
9 West 57th Street, 27th Floor
New York, New York 10019
Citizenship: United States
HENRY SWIECA
c/o Highbridge Capital Management, LLC
9 West 57th Street, 27th Floor
New York, New York 10019
Citizenship: United States
Item 2(d) Title of Class of Securities
Common Stock, $0.01 par value ("Common Stock")
CUSIP No. 33832D106 13G Page 9 of 13 Pages
Item 2(e) CUSIP Number
33832D106
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C.
78c).
(d) [ ] Investment company registered under Section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3);
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [X]
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
As of the date of this filing, (i) Highbridge International LLC is
the beneficial owner of $19,000,000 principal amount of 3.75% Convertible Senior
Notes due 2026, convertible into 1,461,538 shares of Common Stock, (ii)
Highbridge Convertible Arbitrage Master Fund, L.P. is the beneficial owner of
$1,000,000 principal amount of 3.75% Convertible Senior Notes due 2026,
convertible into 76,923 shares of Common Stock, (iii) Highbridge Statistical
Opportunities Master Fund, L.P. is the beneficial owner of 127,295 shares of
Common Stock and (iv) each of Highbridge Capital Management, LLC, Glenn Dubin
and Henry Swieca may be deemed the beneficial owner of the $20,000,000 principal
amount of 3.75% Convertible Senior Notes due 2026, convertible into 1,538,462
shares of Common Stock held by Highbridge International LLC and Highbridge
Convertible Arbitrage Master Fund, L.P. and the 127,295 shares of Common Stock
held by Highbridge Statistical Opportunities Master Fund, L.P.
CUSIP No. 33832D106 13G Page 10 of 13 Pages
Highbridge Capital Management, LLC is the trading manager of
Highbridge International LLC, Highbridge Convertible Arbitrage Master Fund, L.P.
and Highbridge Statistical Opportunities Master Fund, L.P. Glenn Dubin is a
Co-Chief Executive Officer of Highbridge Capital Management, LLC. Henry Swieca
is a Co-Chief Executive Officer of Highbridge Capital Management, LLC. The
foregoing should not be construed in and of itself as an admission by any
Reporting Person as to beneficial ownership of shares of Common Stock owned by
another Reporting Person. In addition, each of Highbridge Capital Management,
LLC, Glenn Dubin and Henry Swieca disclaims beneficial ownership of shares of
Common Stock held by Highbridge International LLC, Highbridge Convertible
Arbitrage Master Fund, L.P. and Highbridge Statistical Opportunities Master
Fund, L.P.
(b) Percent of class:
The Company's Quaterly Report filed on Form 10-Q on May 10,
2007, indicates that as of May 10, 2007, there were 31,684,134 shares of Common
Stock outstanding. Therefore, based on the Company's outstanding shares of
Common Stock and assuming the conversion of the 3.75% Convertible Senior Notes
due 2026, (i) Highbridge International LLC may be deemed to beneficially own
4.61% of the outstanding shares of Common Stock of the Company, (ii) Highbridge
Convertible Arbitrage Master Fund, L.P. may be deemed to beneficially own 0.24%
of the outstanding shares of Common Stock of the Company, (iii) Highbridge
Statistical Opportunities Master Fund, L.P. may be deemed to beneficially own
0.40% of the outstanding shares of Common Stock of the Company and (iv) each of
Highbridge Capital Management, LLC, Glenn Dubin and Henry Swieca may be deemed
to beneficially own 5.26% of the outstanding shares of Common Stock of the
Company. The foregoing should not be construed in and of itself as an admission
by any Reporting Person as to beneficial ownership of shares of Common Stock
owned by another Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
0
(ii) Shared power to vote or to direct the vote
See Item 4(a)
(iii) Sole power to dispose or to direct the disposition of
0
(iv) Shared power to dispose or to direct the disposition of
See Item 4(a)
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
CUSIP No. 33832D106 13G Page 11 of 13 Pages
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or
Control Person
Not applicable.
Item 8. Identification and Classification of Members of the Group
See Exhibit I.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below each of the undersigned certifies that, to the best
of its 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.
Exhibits:
Exhibit I: Joint Filing Agreement, dated as of July 27, 2007, by and among
Highbridge International LLC, Highbridge Convertible Arbitrage Master Fund,
L.P., Highbridge Statistical Opportunities Master Fund, L.P., Highbridge Capital
Management, LLC, Glenn Dubin and Henry Swieca.
CUSIP No. 33832D106 13G Page 12 of 13 Pages
SIGNATURES
After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information with respect to
it set forth in this statement is true, complete, and correct.
Dated: July 27, 2007
HIGHBRIDGE CAPITAL MANAGEMENT, LLC HIGHBRIDGE INTERNATIONAL LLC
By: Highbridge Capital Management, LLC
its Trading Manager
By: /s/ Carolyn Rubin
-------------------------- By: /s/ Carolyn Rubin
Name: Carolyn Rubin --------------------------
Title: Managing Director Name: Carolyn Rubin
Title: Managing Director
HIGHBRIDGE CONVERTIBLE ARBITRAGE HIGHBRIDGE STATISTICAL OPPORTUNITIES
MASTER FUND, L.P. MASTER FUND, L.P.
By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC
its Trading Manager its Trading Manager
By: /s/ Carolyn Rubin By: /s/ Carolyn Rubin
-------------------------- --------------------------
Name: Carolyn Rubin Name: Carolyn Rubin
Title: Managing Director Title: Managing Director
/s/ Glenn Dubin /s/ Henry Swieca
-------------------------- --------------------------
GLENN DUBIN HENRY SWIECA
CUSIP No. 33832D106 13G Page 13 of 13 Pages
EXHIBIT I
JOINT FILING AGREEMENT
This will confirm the agreement by and among the undersigned that the Schedule
13G filed with the Securities and Exchange Commission on or about the date
hereof with respect to the beneficial ownership by the undersigned of the shares
of Common Stock, $0.01 par value, of Five Star Quality Care, Inc., is being
filed, and all amendments thereto will be filed, on behalf of each of the
persons and entities named below in accordance with Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.
Dated as of July 27, 2007
HIGHBRIDGE CAPITAL MANAGEMENT, LLC HIGHBRIDGE INTERNATIONAL LLC
By: Highbridge Capital Management, LLC
its Trading Manager
By: /s/ Carolyn Rubin
-------------------------- By: /s/ Carolyn Rubin
Name: Carolyn Rubin --------------------------
Title: Managing Director Name: Carolyn Rubin
Title: Managing Director
HIGHBRIDGE CONVERTIBLE ARBITRAGE HIGHBRIDGE STATISTICAL OPPORTUNITIES
MASTER FUND, L.P. MASTER FUND, L.P.
By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC
its Trading Manager its Trading Manager
By: /s/ Carolyn Rubin By: /s/ Carolyn Rubin
-------------------------- --------------------------
Name: Carolyn Rubin Name: Carolyn Rubin
Title: Managing Director Title: Managing Director
/s/ Glenn Dubin /s/ Henry Swieca
-------------------------- --------------------------
GLENN DUBIN HENRY SWIECA