Highland Capital reports 3.1% stake in Motient

By Lisa Kerner

Charlotte, N.C., June 4 - Motient Corp. investors led by Highland Capital Management, LP sold all but 1,000 shares of common stock held directly or recently acquired by exercise of warrants between May 15 and June 1.

In addition, the investor sold 125,900 shares in open market sales priced between $10.36 and $10.92 from May 15 to May 18.

Highland beneficially owns 2,701,268 shares, or 3.1%, of Motient's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.

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