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 *
Schwartz Michael
   2. Issuer Name and Ticker or Trading Symbol
New Skies Satellites Holdings Ltd. [NSE] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP New Skies Satellites B.V.
(Last)
(First)
(Middle)
ROOSEVELTPLANTSOEN 4		 3. Date of Earliest Transaction (Month/Day/Year)
06/30/2005
(Street)

THE HAGUE, P7 2517 KR		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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, par value $0.01 per share 06/30/2005   M   892 A $ 3.09 60,308 (1) D  
Common Stock, par value $0.01 per share 06/30/2005   F   413 D $ 19.05 60,308 (1) D  
Common Stock, par value $0.01 per share 09/30/2005   M   1,546 A $ 3.05 60,308 (1) D  
Common Stock, par value $0.01 per share 09/30/2005   F   705 D $ 21.05 60,308 (1) D  

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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
Option to purchase shares of Common Stock $ 3.09 06/30/2005   A   837     (3) 06/30/2015(2) Common Stock 837 (3) 65,885 D  
Option to purchase shares of Common Stock $ 3.05 09/30/2005   A   1,482     (3) 09/30/2015(2) Common Stock 1,482 (3) 67,367 D  
Option to purchase shares of Common Stock $ 3.09 06/30/2005   A   892   06/30/2005 06/30/2015(2) Common Stock 892 (4) 70,230 D  
Option to purchase shares of Common Stock $ 3.09 06/30/2005   M     892 06/30/2005 06/30/2015(2) Common Stock 892 (4) 0 D  
Option to purchase shares of Common Stock $ 3.05 09/30/2005   A   1,546   09/30/2005 09/30/2015(2) Common Stock 1,546 (5) 70,230 D  
Option to purchase shares of Common Stock $ 3.05 09/30/2005   M     1,546 09/30/2005 09/30/2015(2) Common Stock 1,546 (5) 0 D  
Option to purchase shares of Common Stock (6) $ 3.09 06/30/2005   D     70,230 06/30/2005 06/30/2015(2) Common Stock 70,230 (4) 0 D  
Option to purchase shares of Common Stock (6) $ 3.05 06/30/2005   A   70,230   06/30/2005 06/30/2015(2) Common Stock 70,230 (4) 70,230 D  
Option to purchase shares of Common Stock (6) $ 3.09 06/30/2005   D     65,885   (3) 06/30/2015(2) Common Stock 65,885 (3) 0 D  
Option to purchase shares of Common Stock (6) $ 3.05 06/30/2005   A   65,885     (3) 06/30/2015(2) Common Stock 65,885 (3) 65,885 D  
Option to purchase shares of Common Stock (7) $ 3.05 09/30/2005   D     70,230 09/30/2005 09/30/2015(2) Common Stock 70,230 (5) 0 D  
Option to purchase shares of Common Stock (7) $ 2.99 09/30/2005   A   70,230   09/30/2005 09/30/2015(2) Common Stock 70,230 (5) 70,230 D  
Option to purchase shares of Common Stock (7) $ 3.05 09/30/2005   D     67,367   (3) 09/30/2015(2) Common Stock 67,367 (3) 0 D  
Option to purchase shares of Common Stock (7) $ 2.99 09/30/2005   A   67,367     (3) 09/30/2015(2) Common Stock 67,367 (3) 67,367 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Schwartz Michael
ROOSEVELTPLANTSOEN 4
THE HAGUE, P7 2517 KR		       SVP New Skies Satellites B.V.  

Signatures

 /s/ Thai E. Rubin, by power of attorney   10/04/2005
**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) Reporting person has investment control with respect to that number of shares of common stock of the Issuer owned by New Skies (Cayman) Ltd., of which the reporting person is a shareholder, proportionate to the reporting person's interest therein.
(2) The options have a ten year term subject to the optionee's continued employment.
(3) Subject to optionee's continued employment, the options will vest ratably over four years.
(4) The options were granted, vested and exercised on June 30, 2005. See Table 1.
(5) The options were granted, vested and exercised on September 30, 2005. See Table 1.
(6) The exercise price of the option was changed from $3.09 to $3.05 on June 30, 2005.
(7) The exercise price of the option was changed from $3.05 to $2.99 on September 30, 2005.

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