UNITED STATES SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G/A
(Amendment No. 3)
Under the Securities Exchange Act of 1934
(RULE 13d-102)
Information to be included in statements filed
pursuant to Rule 13d-1 (b) (c) and (d) and Amendments
thereto filed pursuant to Rule 13d-2 (b).
Globix Corporation
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
37957F200
(CUSIP Number)
December 31, 2006
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:
[x] Rule 13d-1 (b)
[ ] Rule 13d-1 (c)
[ ] Rule 13d-1 (d)
*The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would alter
the disclosures provided in a prior cover page.
The information required in the remainder of this
cover page shall not be deemed to be "filed" for the purpose
of Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
SCHEDULE 13G/A
Issuer: Globix Corporation CUSIP No.: 37957F200
1 NAMES OF REPORTING PERSONS I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS
MacKay Shields LLC
Tax ID #13-4080466
2 CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (United States)
NUMBER OF SHARES 5 SOLE VOTING POWER - 12,684,452
BENEFICIALLY 6 SHARED VOTING POWER - Not Applicable
OWNED BY EACH 7 SOLE DISPOSITIVE POWER - 12,684,452
REPORTING PERSON 8 SHARED DISPOSITIVE POWER - Not Applicable
WITH:
9 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
Total: 12,684,452
10 CHECK IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES
Not Applicable
11 PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 11:
25.30%
12 TYPE OF REPORTING PERSON
IA
SCHEDULE 13G/A
Issuer: Globix Corporation CUSIP No.: 37957F200
ITEM 1
(a) Name of Issuer:
Globix Corporation
(b) Address of Issuer's Principal Executive Offices:
139 Centre St
New York, NY 10013
ITEM 2
(a) Name of Person Filing:
MacKay Shields LLC
(b) Address of Principal Business Office:
9 West 57th Street
New York, NY 10019
(c) Citizenship:
United States
(d) Title of Class of Securities:
Common Stock, $0.01 par value
(e) CUSIP Number:
37957F200
ITEM 3
If this statement is filed pursuant to Sections 240.
13d-1(b), or 240.13d-2(b) or (c), check whether
the person filing is a:
(a) [ ] Broker or dealer registered under
Section 15 of the Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of
the Act (15 U.S.C. 78c);
(c) [ ] Insurance Company as defined in
section 3(a)(19) of the Act
(15 U.S.C. 78C);
(d) [ ] Investment company registered under
Section 8 of the Investment Company
Act if 1940 (15 U.S.C. 80a-8);
(e) [X] An investment adviser in accordance
with Section 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment
fund in accordance with Section
240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control
person in accordance with Section
240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined
in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the
definition of an insurance company
under Section 3 (c)(14) of the
Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with
section 240.13d-1 (b)(1)(ii)(J).
SCHEDULE 13G/A
Issuer: Globix Corporation CUSIP No.: 37957F200
ITEM 4. Ownership.
MacKay Shields LLC, an investment adviser registered under
Section 203 of the Investment Advisers Act of 1940, is deemed to be
the beneficial owner of 12,684,452 shares or 25.30% of the Common
Stock believed to be outstanding as a result of acting as investment
adviser to various clients. The amount deemed beneficially owned
includes 11,283,005 shares of common stock. Some shares were owned
prior to the merger; some shares were received as a result of the
merger with Neon; and some shares were received for the Globix debt
for equity exchange prior to the merger. In addition, MacKay Shields
beneficially owns 1,401,447 shares of Globix preferred stock. The
percent of class is calculated based on 50,129,448 shares of common
stock which is calculated by adding 48,728,001 (the number of shares
of common stock outstanding of the Company and 1,401,447 (the number
of shares of common stock deemed held as a result of the beneficial
ownership of the preferred stock).
ITEM 5. Ownership of Five Percent or Less of a Class.
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON
MacKay Shields LLC, an investment adviser registered under
Section 203 of the Investment Advisers Act of 1940, is deemed to be
the beneficial owner of 12,684,452 shares or 25.30% of the Common Stock
believed to be outstanding as a result of acting as investment adviser
to various clients. Clients of MacKay Shields LLC have the right to
receive and the ultimate power to direct the receipt of dividends from,
or the proceeds of the sale of, such securities. MainStay High Yield
Corporate Bond Fund, a registered investment Company for which
Mackay Shields acts as sub-investment adviser, may be deemed to
beneficially own 10.90% of the outstanding common stock of the
Company. New York Life Investment Management LLC, an indirect wholly
owned subsidiary of New York Life and an affiliate of Mackay Shields
LLC, is the manager of MainStay High Yield Corporate Bond Fund.
The percent of each class owned by this person is calculated based
on the amount of common stock of the company outstanding, which
number is calculated by adding the number of shares of the common
stock outstanding and the number of shares of common stock deemed
held as a result of the beneficial ownership of the Preferred Stock
by that person, without giving effect to the amount of common stock
deemed held as a result of the beneficial ownership of the
Preferred Stock by other persons.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY OR CONTROL PERSON.
Not Applicable
ITEM 8. Identification and Classification of Members
of the Group.
Not Applicable
ITEM 9. Notice of Dissolution of Group
Not Applicable
ITEM 10. Certification
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
and held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of such securities and were not acquired and are not held
in connectionwith or as a participant in any transaction
having that purpose of effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: February 1, 2007
Signature: ___________________
Name/Title: Rene A Bustamante
Chief Compliance Officer