Filing Details

Accession Number:
0001006269-13-000008
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-06-19 11:19:14
Reporting Period:
2013-06-17
Filing Date:
2013-06-19
Accepted Time:
2013-06-19 11:19:14
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1006269 Loral Space & Communications Inc. LORL Radio & Tv Broadcasting & Communications Equipment (3663) 870748324
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1223765 B Michael Targoff 600 Third Avenue
New York NY 10016
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-06-17 294,475 $0.00 294,475 No 4 M Direct
Common Stock Disposition 2013-06-17 142,603 $62.40 151,872 No 4 D Direct
Common Stock Disposition 2013-06-17 70,000 $61.88 81,872 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 D Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2013-06-17 175,000 $0.00 175,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2013-06-17 2013-06-17 No 4 M Direct
Footnotes
  1. 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).
  2. 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.
  3. 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.