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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option to purchase shares of Common Stock | $ 3.09 | 05/27/2005 | A | 4,767 | (3) | 05/27/2015(2) | Common Stock | 4,767 | (3) | 4,767 | D | ||||
Option to purchase shares of Common Stock | $ 3.37 | 05/27/2005 | A | 5,071 | 05/27/2005 | 05/27/2015(2) | Common Stock | 5,071 | (4) | 5,071 | D | ||||
Option to purchase shares of Common Stock | $ 3.37 | 05/27/2005 | M | 5,071 | 05/27/2005 | 05/27/2015(2) | Common Stock | 5,071 | (4) | 0 | D | ||||
Option to purchase shares of Common Stock (6) | $ 3.37 | 05/27/2005 | D | 52,678 | (3) | 05/10/2015(2) | Common Stock | 52,678 | (3) | 0 | D | ||||
Option to purchase shares of Common Stock (6) | $ 3.37 | 05/27/2005 | D | 31,011 | (5) | 05/10/2015(2) | Common Stock | 31,011 | (5) | 0 | D | ||||
Option to purchase shares of Common Stock (6) | $ 3.37 | 05/27/2005 | D | 31,011 | (5) | 05/10/2015(2) | Common Stock | 31,011 | (5) | 0 | D | ||||
Option to purchase shares of Common Stock (6) | $ 3.09 | 05/27/2005 | A | 52,678 | (3) | 05/10/2015(2) | Common Stock | 52,678 | (3) | 52,678 | D | ||||
Option to purchase shares of Common Stock (6) | $ 3.09 | 05/27/2005 | A | 31,011 | (5) | 05/10/2015(2) | Common Stock | 31,011 | (5) | 31,011 | D | ||||
Option to purchase shares of Common Stock (6) | $ 3.09 | 05/27/2005 | A | 31,011 | (5) | 05/10/2015(2) | Common Stock | 31,011 | (5) | 31,011 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Rubin Thai ROOSEVELTPLANTSOEAN 4, 2517 KR THE HAGUE, THE NETHERLANDS |
Secretary of Issuer and | GC of New Skies Satellites B.V |
/s/ Thai E. Rubin | 06/01/2005 | |
**Signature of Reporting Person | Date |
* | 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) | Mr. Rubin has investment control with respect to that number of shares of common stock of the Issuer owned by New Skies (Cayman) Ltd., of which Mr. Rubin is a shareholder, proportionate to Mr. Rubin's interest therein. |
(2) | The options have a ten year term subject to the optionee's continued employment. |
(3) | Subject to the optionee's continued employment, the options will vest ratably over four years. |
(4) | The options were granted, vested and exercised on May 27, 2005. See Table I. |
(5) | Subject to the optionee's continued employment, the options will vest on the seventh anniversary of the date of grant if the imputed annual compounded internal rate of return to the investment funds affiliated with The Blackstone Group is at least 20% on this date. Some of the options may vest ratably over four years. |
(6) | The option was granted on May 10, 2005 and previously disclosed on a Form 4 filed with the Securities and Exchange Commission on May 12, 2005. The exercise price of the option was changed from $3.37 to $3.09 by the Issuer on May 27, 2005. |