Filing Details
- Accession Number:
- 0001209191-20-031091
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-05-20 21:47:20
- Reporting Period:
- 2020-04-30
- Accepted Time:
- 2020-05-20 21:47:20
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1525773 | Intelsat S.a. | INTEQ | Communications Services, Nec (4899) | 981009418 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1798887 | Stephen Spengler | C/O Intelsat S.a. 4, Rue Albert Borschette Luxembourg N4 L-1246 | Chief Executive Officer | Yes | Yes | 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 Shares | Disposition | 2020-05-18 | 278,265 | $0.41 | 864,619 | No | 4 | S | Indirect | (See footnote) |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | (See footnote) |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Shares | Restricted Share Units | Disposition | 2020-04-30 | 163,000 | $0.00 | 163,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | D | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Shares | Restricted Share Units | $0.00 | 56,724 | 56,724 | Direct | ||
| Common Shares | Restricted Share Units | $0.00 | 71,500 | 71,500 | Direct | ||
| Common Shares | Options (Right to Buy) | $3.77 | 2025-12-15 | 150,000 | 150,000 | Direct | |
| Common Shares | Options (Right to Buy) | $3.77 | 2023-05-01 | 43,000 | 43,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 56,724 | 56,724 | Direct | |
| 71,500 | 71,500 | Direct | |
| 2025-12-15 | 150,000 | 150,000 | Direct |
| 2023-05-01 | 43,000 | 43,000 | Direct |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.3850 to $0.4550, inclusive. The reporting person undertakes to provide to Intelsat S.A., any security holder of Intelsat S.A. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
- These Common Shares are held by The Stephen Spengler Revocable Trust (U/A December 12, 2006).
- Each restricted share unit ("RSU") represents a contingent right to receive one Common Share.
- On April 30, 2020 the RSUs granted on March 1, 2020 were cancelled. In exchange, the reporting person received a new performance-based incentive arrangement providing for the payment in cash of up to 82% of the grant date value of the RSUs, portions of which are to be received based upon achievement of objective performance criteria to be established by the Company's Compensation Committee.
- The RSUs vest in two equal annual installments, beginning March 1, 2021.
- The RSUs will vest on March 1, 2021.
- The options vested in two equal annual installments beginning December 15, 2016.
- The options vested in twenty-four (24) equal monthly installments, beginning June 1, 2013.
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