4//SEC Filing
LORAL SPACE & COMMUNICATIONS INC. 4
Accession 0001006269-13-000008
CIK 0001006269operating
Filed
Jun 18, 8:00 PM ET
Accepted
Jun 19, 11:19 AM ET
Size
11.1 KB
Accession
0001006269-13-000008
Insider Transaction Report
Form 4
TARGOFF MICHAEL B
DirectorVice Chairman,CEO andPresident
Transactions
- Exercise/Conversion
Common Stock
2013-06-17+294,475→ 294,475 total - Disposition to Issuer
Common Stock
2013-06-17$62.40/sh−142,603$8,898,071→ 151,872 total - Exercise/Conversion
Restricted Stock Units
2013-06-17−175,000→ 0 totalExercise: $0.00From: 2013-06-17Exp: 2013-06-17→ Common Stock (175,000 underlying) - Sale
Common Stock
2013-06-17$61.88/sh−70,000$4,331,558→ 81,872 total
Footnotes (3)
- [F1]In addition to receipt of 175,000 shares of Common Stock in settlement of 175,000 vested restricted stock units, Mr. Targoff also received on the settlement date 119,475 shares of Common Stock, representing $42.60 in respect of each outstanding restricted stock unit ($13.60 in respect of the special dividend declared by the Company on March 28, 2012 and $29.00 in respect of the special distribution declared by the Company on November 7, 2012).
- [F2]Because the settlement date of Mr. Targoff's restricted stock units was June 15, 2013 which was not a trading day, the fair market value was determined using the average of the high and the low trading prices of the Common Stock on June 14, 2013 and June 17, 2013.
- [F3]The restricted stock units were subject to settlement on the earlier of (a) March 31, 2013, (b) the date of Mr. Targoff's death or disability, (c) the date of Mr. Targoff's separation from service (subject to a six-month delay pursuant to Section 409A (the "409A Delay Period")) and (d) the date of the consummation of a change in control of the Company. Mr. Targoff underwent a separation from service on December 14, 2012, and the 409A Delay Period expired on June 14, 2013 resulting in the settlement of the restricted stock units on June 17, 2013.
Documents
Issuer
LORAL SPACE & COMMUNICATIONS INC.
CIK 0001006269
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001006269
Filing Metadata
- Form type
- 4
- Filed
- Jun 18, 8:00 PM ET
- Accepted
- Jun 19, 11:19 AM ET
- Size
- 11.1 KB