Ownership Submission
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 *
Polygon Recovery Fund 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)
C/O POLYGON GLOBAL PARTNERS LLP, 4 SLOANE TERRACE
3. Date of Earliest Transaction (Month/Day/Year)
01/24/2013
(Street)

LONDON, X0 SW 1X9DQ
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 01/24/2013   U   2,500,000 D (1) 0 I See Footnote (2)

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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
Polygon Recovery Fund L.P.
C/O POLYGON GLOBAL PARTNERS LLP
4 SLOANE TERRACE
LONDON, X0 SW 1X9DQ
    X    
Polygon Management Ltd.
C/O POLYGON GLOBAL PARTNERS LLP
4 SLOANE TERRACE
LONDON, X0 SW 1X9DQ
    X    
Polygon Recovery Fund GP
C/O POLYGON GLOBAL PARTNERS LLP
4 SLOANE TERRACE
LONDON, X0 SW 1X9DQ
    X    
Polygon Recovery Manager LP
C/O POLYGON GLOBAL PARTNERS LLP
4 SLOANE TERRACE
LONDON, X0 SW 1X9DQ
    X    
Polygon Management L.P.
C/O POLYGON GLOBAL PARTNERS LLP
4 SLOANE TERRACE
LONDON, X0 SW 1X9DQ
    X    
Polygon Equities Partners LLP
C/O POLYGON GLOBAL PARTNERS LLP
4 SLOANE TERRACE
LONDON, X0 SW 1X9DQ
    X    
Polygon Global Partners LP
C/O POLYGON GLOBAL PARTNERS LLP
4 SLOANE TERRACE
LONDON, X0 SW 1X9DQ
    X    
Reade E. Griffith
C/O POLYGON GLOBAL PARTNERS LLP
4 SLOANE TERRACE
LONDON, X0 SW 1X9DQ
    X    
Patrick G. G. Dear
C/O POLYGON GLOBAL PARTNERS LLP
4 SLOANE TERRACE
LONDON, X0 SW 1X9DQ
    X    

Signatures

 POLYGON RECOVERY FUND L.P. By: Polygon Recovery Fund GP, its general partner; By: /s/ Reade E. Griffith, Director   01/28/2013
**Signature of Reporting Person Date

 POLYGON MANAGEMENT LTD. By: /s/ Reade E. Griffith, Authorised Person   01/28/2013
**Signature of Reporting Person Date

 POLYGON RECOVERY FUND GP By: /s/ Reade E. Griffith, Director   01/28/2013
**Signature of Reporting Person Date

 POLYGON RECOVERY MANAGER LP By: Polygon Management Ltd., its general partner By: /s/ Reade E. Griffith, Authorised Person   01/28/2013
**Signature of Reporting Person Date

 TFG ASSET MANAGEMENT L.P. (F/K/A POLYGON MANAGEMENT L.P.) By: Polygon Management Ltd., its general partner By: /s/ Reade E. Griffith, Authorised Person   01/28/2013
**Signature of Reporting Person Date

 POLYGON GLOBAL PARTNERS LLP (F/K/A POLYGON EQUITIES PARTNERS LLP) By: /s/ Reade E. Griffith, Principal   01/28/2013
**Signature of Reporting Person Date

 POLYGON GLOBAL PARTNERS LP By: Tetragon Capital Management LLC, its general partner By: /s/ Reade E. Griffith, Authorised Person   01/28/2013
**Signature of Reporting Person Date

 /s/ Reade E. Griffith   01/28/2013
**Signature of Reporting Person Date

 /s/ Patrick G. G. Dear   01/28/2013
**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) On January 24, 2013, AT&T Inc. ("AT&T") completed its acquisition of NextWave Wireless Inc. (the "Issuer") by means of a merger (the "Merger") of Rodeo Acquisition Sub Inc. ("Merger Sub") with and into the Issuer in accordance with an Agreement and Plan of Merger, dated August 1, 2012 among the Issuer, AT&T and Merger Sub. Upon consummation of the Merger, each share of common stock of the Issuer beneficially owned by the Reporting Persons was converted into the right to receive (i)$1.00 per share in cash and (ii) a non-transferable contingent payment right representing a pro rata interest in an amount of up to $25 million held in escrow, which may be reduced in respect of indemnification obligations and other amounts payable to AT&T.
(2) This Form 4 is filed on behalf of Polygon Management Ltd., Polygon Recovery Fund GP, Polygon Recovery Fund L.P., Polygon Recovery Manager LP, TFG Asset Management L.P. (f/k/a Polygon Management L.P.), Polygon Global Partners LLP (f/k/a Polygon Equities Partners LLP), Polygon Global Partners LP, Reade E. Griffith and Patrick G.G. Dear. The shares of common stock of the Issuer were held directly by Polygon Recovery Fund L.P.

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