PanAmSat Holding CORP 4

Accession 0001179110-06-014838

CIK 0001310897operating

View on SEC.gov Company Profile

Filed

Jul 5, 8:00 PM ET

Accepted

Jul 6, 7:04 PM ET

Size

21.3 KB

Accession

0001179110-06-014838

Insider Transaction Report

Form 4

Period: 2006-07-03

PanAmSat Holding CORPPA

FROWNFELTER JAMES B

President and COO

Transactions

Other
Deferred Stock Units
2006-07-03$25.01/sh−176,824$4,422,244→ 0 total
→ Common Stock, par value $0.01 per share (176,824 underlying)
Other
Stock Options
2006-07-03$25.00/sh−213,350$5,333,750→ 0 total
Exercise: $4.21Exp: 2014-10-07→ Common Stock, par value $0.01 per share (213,350 underlying)
Other
Stock Options
2006-07-03$25.00/sh−142,234$3,555,850→ 0 total
Exercise: $4.21Exp: 2014-10-07→ Common Stock, par value $0.01 per share (142,234 underlying)
Other
Common Stock
2006-07-03$25.01/sh−99,691$2,493,202→ 0 total
Other
Stock Options
2006-07-03$25.00/sh−86,306$2,157,650→ 0 total
Exercise: $3.43Exp: 2014-08-19→ Common Stock, par value $0.01 per share (86,306 underlying)
Other
Stock Options
2006-07-03$25.00/sh−302,050$7,551,250→ 0 total
Exercise: $4.21Exp: 2014-08-19→ Common Stock, par value $0.01 per share (302,050 underlying)
Other
Stock Options
2006-07-03$25.00/sh−43,153$1,078,825→ 0 total
Exercise: $4.04Exp: 2014-08-19→ Common Stock, par value $0.01 per share (43,153 underlying)
Other
Stock Options
2006-07-03−201,366→ 0 total
Exercise: $4.21Exp: 2014-08-19→ Common Stock, par value $0.01 per share (201,366 underlying)

Footnotes (4)

[F1]Pursuant to the merger (the "Merger") of a wholly-owned subsidiary of Intelsat (Bermuda), Ltd. ("Intelsat") with and into PanAmSat Holding Corporation ("PanAmSat"), each outstanding share of common stock of PanAmSat (the "Common Stock") was converted into the right to receive $25.00, plus approximately $0.00927 as the pro rata quarterly dividend, per share in cash without interest and each outstanding option to purchase shares of Common Stock was converted into the right to receive $25.00, less the exercise price, in cash without interest. As a result of the Merger, PanAmSat became a wholly-owned subsidiary of Intelsat, and the Common Stock was delisted from the New York Stock Exchange.
[F2]Prior to the Merger, Mr. Frownfelter directly held a total of 988,459 options to purchase shares of Common Stock, of which . Of those, 43,153 were exercisable at an exercise price of $4.04 per share and would have expired on August 19, 2014 and 86,306 were exercisable at an exercise price of $3.43 per share and expiring on August 19, 2014. All of the remaining 859,000 options had an exercise price of $4.21 per share. Of those, 503,416 would have expired on August 19, 2014 and 355,584 would have expired on October 7, 2014.
[F3]Pursuant to the Merger, of these 201,366 options to purchase shares of Common Stock, Mr. Frownfelter received $25 per option, less the exercise price, for each of 129,216 such options and equity of Intelsat, Ltd. for 72,150 such options.
[F4]The Deferred Stock Units listed herein were issued to Mr. Frownfelter under the terms of his deferred compensation arrangement. In connection with the Merger, the Board of Directors of the Issuer settled in cash all of the Deferred Stock Units held by Mr. Frownfelter in an amount equal to $25.00, plus approximately $0.00927 as the pro rata quarterly dividend, per Deferred Stock Unit in cash.

Documents

1 file

4
edgar.xmlPrimary
FORM 4 -

Issuer

PanAmSat Holding CORP

CIK 0001310897

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001310897

Filing Metadata

Form type: 4
Filed: Jul 5, 8:00 PM ET
Accepted: Jul 6, 7:04 PM ET
Size: 21.3 KB

View on SEC.gov