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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD.
2. Issuer Name and Ticker or Trading Symbol

ZAPATA CORP [ ZAP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
*See Remarks
(Last)          (First)          (Middle)

C/O INTERNATIONAL FUND SERVICES LIMITED, THIRD FL, BISHOP'S SQUARE REDMOND'S HILL
3. Date of Earliest Transaction (MM/DD/YYYY)

8/26/2009
(Street)

DUBLIN, L2 00000
(City)        (State)        (Zip)
4. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   8/26/2009     P    4033   A $7.50   3316687   D   (1) (2) (3) (4)  
Common Stock   8/26/2009     P    4033   A $7.50   3316687   D   (1) (5) (6) (7)  
Common Stock   8/26/2009     P    4033   A $7.50   3316687   D   (1) (8) (9) (10)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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

Explanation of Responses:
( 1)  IMPORTANT NOTE: THE SECURITIES SET FORTH IN THIS REPORT ARE DIRECTLY BENEFICIALLY OWNED BY HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD., HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P. AND/OR GLOBAL OPPORTUNITIES BREAKAWAY LTD. (COLLECTIVELY, THE "FUNDS"). ALL OTHER REPORTING PERSONS ARE INCLUDED WITHIN THIS REPORT DUE TO THEIR AFFILIATION WITH ONE OR ALL OF THE FUNDS.
( 2)  These securities are owned by Harbinger Capital Partners Master Fund I, Ltd. (the "Master Fund"), which is a Reporting Person.
( 3)  These securities 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 managing member of Harbinger LLC; and Philip Falcone, Chairman of the Board of Directors and President and Chief Executive Officer of the Issuer, the managing member of Harbinger Holdings and the portfolio manager of the Master Fund.
( 4)  Each Reporting Person listed in Footnote 3 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, as amended, or for any other purpose.
( 5)  These securities are owned by Harbinger Capital Partners Special Situations Fund, L.P. (the "Special Situations Fund"), which is a Reporting Person.
( 6)  These securities 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 Situations Fund; Harbinger Holdings, the managing member of HCPSS; and Philip Falcone, Chairman of the Board of Directors and President and Chief Executive Officer of the Issuer, the managing member of Harbinger Holdings and the portfolio manager of the Special Situations Fund.
( 7)  Each Reporting Person listed in Footnote 6 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, as amended, or for any other purpose.
( 8)  These securities are owned by Global Opportunities Breakaway Ltd. (the "Breakaway Fund"), which is a Reporting Person.
( 9)  These securities may be deemed to be indirectly beneficially owned by the following, each of whom is a Reporting Person: Global Opportunities Breakaway Management, L.P. ("Breakaway Management"), the investment manager of the Breakaway Fund; Global Opportunities Breakaway Management GP, L.L.C. ("Breakaway Management GP"), the general partner of Breakaway Management; and Philip Falcone, Chairman of the Board of Directors and President and Chief Executive Officer of the Issuer, the managing member of Breakaway Management GP and the portfolio manager of the Breakaway Fund.
( 10)  Each Reporting Person listed in Footnote 9 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, as amended, or for any other purpose.

Remarks:
(+) The Reporting Persons may be deemed to be members of a "group" for purposes of the Securities Exchange Act of 1934, as
amended. Each Reporting Person disclaims beneficial ownership of any securities deemed to be owned by the group that are
not directly owned by the Reporting Person. This report shall not be deemed an admission that such Reporting Person is a
member of a group or the beneficial owner of any securities not directly owned by such Reporting Person.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD.
C/O INTERNATIONAL FUND SERVICES LIMITED
THIRD FL, BISHOP'S SQUARE REDMOND'S HILL
DUBLIN, L2 00000

X
*See Remarks
HARBINGER CAPITAL PARTNERS LLC
555 MADISON AVENUE, 16TH FLOOR
NEW YORK, NY 10022

X
*See Remarks
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P.
555 MADISON AVENUE, 16TH FLOOR
NEW YORK, NY 10022

X
*See Remarks
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS GP, LLC
555 MADISON AVENUE, 16TH FLOOR
NEW YORK, NY 10022

X
*See Remarks
GLOBAL OPPORTUNITIES BREAKAWAY LTD.
MAPLES CORPORATE SERVICES LIMITED
PO BOX 309, UGLAND HOUSE
GRAND CAYMAN, E9 KY1-1104

X
*See Remarks
GLOBAL OPPORTUNITIES BREAKAWAY MANAGEMENT, L.P.
555 MADISON AVENUE, 16TH FLOOR
NEW YORK, NY 10022

X
*See Remarks
GLOBAL OPPORTUNITIES BREAKAWAY MANAGEMENT GP, L.L.C.
555 MADISON AVENUE, 16TH FLOOR
NEW YORK, NY 10022

X
*See Remarks
HARBINGER HOLDINGS, LLC
555 MADISON AVENUE, 16TH FLOOR
NEW YORK, NY 10022

X
*See Remarks
FALCONE PHILIP
555 MADISON AVENUE, 16TH FLOOR
NEW YORK, NY 10022
X X President & CEO *See Remarks

Signatures
Harbinger Capital Partners Master Fund I, Ltd.(+), by: Harbinger Capital Partners LLC, By: Harbinger Holdings, LLC, Managing Member, By: /s/ Philip Falcone 8/27/2009
** Signature of Reporting Person Date

Harbinger Capital Partners LLC(+), By: Harbinger Holdings, LLC, Managing Member, By: /s/ Philip Falcone 8/27/2009
** Signature of Reporting Person Date

Harbinger Capital Partners Special Situations Fund, L.P.(+), By: Harbinger Capital Partners Special Situations GP, LLC, By: Harbinger Holdings, LLC, Managing Member, By: /s/ Philip Falcone 8/27/2009
** Signature of Reporting Person Date

Harbinger Capital Partners Special Situations GP, LLC(+), By: Harbinger Holdings, LLC, Managing Member, By: /s/ Philip Falcone 8/27/2009
** Signature of Reporting Person Date

Global Opportunities Breakaway Ltd.(+), By: Global Opportunities Breakaway Management, L.P., By: Global Opportunities Breakaway Management GP, L.L.C., General Partner, By: /s/ Philip Falcone 8/27/2009
** Signature of Reporting Person Date

Global Opportunities Breakaway Management, L.P.(+), By: Global Opportunities Breakaway Management GP, L.L.C., General Partner, By: /s/ Philip Falcone 8/27/2009
** Signature of Reporting Person Date

Global Opportunities Breakaway Management GP, L.L.C.(+), By: /s/ Philip Falcone 8/27/2009
** Signature of Reporting Person Date

Harbinger Holdings, LLC(+), By: /s/ Philip Falcone 8/27/2009
** Signature of Reporting Person Date

/s/ Philip Falcone(+) 8/27/2009
** 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 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).
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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