PINX:WAVE Insider Activity 4 Filing - 8/1/2012

Effective Date 8/1/2012

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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Avenue Capital Management II, L.P.
  2. Issuer Name and Ticker or Trading Symbol
NextWave Wireless Inc. [WAVE]
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)
535 MADISON AVENUE, 15TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2012
(Street)

NEW YORK, NY 10022
4. If Amendment, Date Original Filed (Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 08/01/2012   S   2,397,367 D (1) 3,909,431(2) D(3)  
COMMON STOCK 08/01/2012   S   7,409 D (1) 12,081(2) D(4)  
COMMON STOCK 08/01/2012   S   95,224 D (1) 155,283(2) D(5)  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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
Avenue Capital Management II, L.P.
535 MADISON AVENUE
15TH FLOOR
NEW YORK, NY 10022
    X    
Avenue Investments, L.P.
399 PARK AVENUE
6TH FLOOR
NEW YORK, NY 10022
    X    
Avenue Special Situations Fund IV LP
C/O AVENUE CAPITAL MANAGEMENT II, L.P.
535 MADISON AVENUE, 15TH FLOOR
NEW YORK, NY 10022
    X    
Avenue AIV US, L.P.
535 MADISON AVENUE, 15TH FLOOR
NEW YORK, NY 10022
    X    
Avenue Special Situations Fund V LP
535 MADISON AVENUE
NEW YORK, NY 10022
    X    

Signatures

 /s/ Eric Ross as attorney-in-fact for Marc Lasry Managing Member of Avenue Capital Management II GenPar, LLC the General Partner of Avenue Capital Management II, L.P.   08/03/2012
** Signature of Reporting Person Date

 /s/ Eric Ross as attorney-in-fact for Marc Lasry, Managing Member of Avenue Partners, LLC, the General Partner of Avenue Investments, L.P.   08/03/2012
** Signature of Reporting Person Date

 /s/ Eric Ross as attorney-in-fact for Marc Lasry, Managing Member of GL Partners IV, LLC, the Managing Member of Avenue Capital Partners IV, LLC, the General Partner of Avenue Special Situations Fund IV, L.P.   08/03/2012
** Signature of Reporting Person Date

 /s/ Eric Ross as attorney-in-fact for Marc Lasry, Managing Member of Avenue AIV US GenPar, LLC, the General Partner of Avenue AIV US, L.P.   08/03/2012
** Signature of Reporting Person Date

 /s/ Eric Ross as attorney-in-fact for Marc Lasry, Managing Member of GL Partners V, LLC, the Managing Member of Avenue Capital Partners V, LLC, the General Partner of Avenue Special Situations Fund V, L.P.   08/03/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The aggregate purchase price paid for the disposition of the aggregate 2,500,000 shares of common stock of Nextwave Wireless Inc. (the "Issuer") reported on this Form 4 was $0.01.
(2) On June 21, 2010, the Issuer effected a 1-for-7 reverse stock split.
(3) The securities are owned directly by Avenue AIV U.S., LP ("Avenue AIV"). Avenue AIV was previously reported as owning 44,147,590 shares of common stock, which were adjusted on June 21, 2010 to reflect the reverse stock split.
(4) The securities are owned directly by Avenue Investments, L.P. ("Avenue Investments"). Avenue Investments was previously reported as owning 136,432 shares of common stock which were adjusted on June 21, 2010 to reflect the reverse stock split.
(5) The securities are owned directly by Avenue Special Situations Fund IV, L.P. ("Avenue Special Situations"). Avenue Special Situations was previously reported as owning 1,753,552 shares of common stock which were adjusted on June 21, 2010 to reflect the reverse stock split.
 
Remarks:
This report is jointly filed by Avenue Capital Management II, L.P. ("Adviser") and the Adviser is the adviser to Avenue AIV, Avenue International Master, L.P., Avenue Investments, Avenue Special Situations, Avenue CDP Global Opportunities Fund, L.P., and Avenue Special Situations V, L.P (collectively, the "Funds").  The Funds have made an investment in the Issuer. 

Exhibit List:  Exhibit 24 -- Power of Attorney (incorporated by reference to Exhibit 24.2 to the Form 3/A filed by the Adviser and other joint filers on July 27, 2010.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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PINX:WAVE Insider Activity 4 Filling

PINX:WAVE Stock - Get Insider Activity SEC Filing of PINX:WAVE stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

PINX:WAVE Insider Activity 4 Filing - 8/1/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices |  Most Recent Title |  Date |  Company |  Symbol |  Interest |  Popularity

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