FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Sopris Capital Advisors LLC
2. Date of Event Requiring Statement (MM/DD/YYYY)
12/6/2007
3. Issuer Name and Ticker or Trading Symbol
SEA CONTAINERS LTD /NY/ [SCRA]
(Last) (First) (Middle)
314 SOUTH GALENA STREET, SUITE 300,
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director ___ X ___ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Street)
ASPEN, CO 81611-1818
(City) (State) (Zip) 5. 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 Beneficially Owned
1.Title of Security
(Instr. 4) 2. Amount of Securities Beneficially Owned
(Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Class A common shares 503180 I Through managed accounts (1)
Class A common shares 2472800 I Through a partnership and managed accounts (2) (3)
Class A common shares 55000 D (4)
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
( 1) All of the 503,180 shares reported in Table I, are owned by private institutional accounts (the "Aspen Managed Accounts") managed by Aspen Advisors LLC, a Delaware limited liability company ("Aspen Advisors"). Aspen Advisors disclaims any beneficial interest in the securities owned by the Aspen Managed Accounts. Mr. Nikos Hecht is the managing member of Aspen Advisors. By virtue of such status he may be deemed the beneficial owner of the securities held by the Aspen Managed Accounts under Regulation 13D-G under the Exchange Act. Mr. Hecht disclaims any beneficial interest in the securities owned by the Aspen Managed Accounts. Except as expressly acknowledged herein, this report shall not be deemed an admission that any such person or entity is the beneficial owner of, any such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
( 2) Of the 2,472,800 shares reported in Table I, Sopris Partners Series A, of Sopris Capital Partners, L.P, a Delaware limited partnership (the "Sopris Partnership"), owns 1,779,700 shares and private institutional accounts (the "Sopris Managed Accounts") managed by Sopris Capital Advisors LLC, a Delaware limited liability company ("Sopris Advisors") own 693,100 shares. Sopris Capital LLC (the "Sopris General Partner") is the general partner of the Sopris Partnership. The Sopris Partnership and the Sopris General Partner disclaim any beneficial interest in the securities owned by the Sopris Managed Accounts, and the Sopris General Partner disclaims any beneficial interest in the securities owned by the Sopris Partnership in excess of a 0.70% pecuniary interest therein, calculated in accordance with Rules 16(a)-1(a)(2) and (a)(3) under the Exchange Act. Sopris Advisors disclaims any beneficial interest in the securities owned by the Sopris Partnership and the Sopris Managed Accounts.
( 3) Mr. Nikos Hecht is the sole member of the managing member of the Sopris General Partner and the managing member of Sopris Advisors. By virtue of such status he may be deemed the beneficial owner of the securities held by the Sopris Partnership and the Sopris Managed Accounts under Regulation 13D-G under the Exchange Act. Mr. Hecht disclaims any beneficial interest in the securities owned by the Sopris Partnership other than a 0.60% pecuniary interest in such shares, calculated in accordance with rules 16(a)-1(a)(2) and (a)(3). He disclaims any beneficial interest in the securities owned by the Sopris Managed Accounts. Except as expressly acknowledged herein, this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has a pecuniary interest, in any such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
( 4) All of the 55,000 shares reported in Table I are owned directly by Mr. Hecht.
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sopris Capital Advisors LLC
314 SOUTH GALENA STREET, SUITE 300
ASPEN, CO 81611-1818
X
ASPEN ADVISORS LLC
152 WEST 57TH STREET
46TH FLOOR
NEW YORK, NY 10019
X
HECHT NIKOS
C/O ASPEN ADVISORS LLC
152 WEST 57TH STREET - 46TH FLOOR
NEW YORK, NY 10019
X
Sopris Capital LLC
314 SOUTH GALENA STREET, SUITE 300
ASPEN, CO 81611-1818
X
Sopris Partners, Series A of Sopris Capital Partners, L.P.
314 SOUTH GALENA STREET, SUITE 300
ASPEN, CO 81611-1818
X
Signatures
SOPRIS PARTNERS SERIES A, OF SOPRIS CAPITAL PARTNERS, L.P. By: SOPRIS CAPITAL, LLC, Its general partner By: /s/ NIKOS HECHT, Sole Member of the Managing Member 12/11/2007
** Signature of Reporting Person Date
SOPRIS CAPITAL, LLC By: /s/ NIKOS HECHT, Sole Member of the Managing Member 12/11/2007
** Signature of Reporting Person Date
ASPEN ADVISORS LLC By: /s/ NIKOS HECHT, Managing Member 12/11/2007
** Signature of Reporting Person Date
SOPRIS CAPITAL ADVISORS, LLC By: /s/ NIKOS HECHT, Managing Member 12/11/2007
** Signature of Reporting Person Date
/s/ NIKOS HECHT 12/11/2007
** 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 5(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).
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