Filing Details

Accession Number:
0001209191-20-031092
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-05-20 21:52:37
Reporting Period:
2020-04-30
Accepted Time:
2020-05-20 21:52:37
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1525773 Intelsat S.a. INTEQ () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1326359 David Tolley C/O Intelsat S.a.
4, Rue Albert Borschette
Luxembourg N4 L-1246
Evp & Chief Financial Officer No 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 2020-05-18 100,000 $0.40 6,953 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
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 67,500 $0.00 67,500 $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 25,334 25,334 Direct
Common Shares Restricted Share Units $0.00 100,000 100,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
25,334 25,334 Direct
100,000 100,000 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.3915 to $0.4039, 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.
  2. Each restricted share unit ("RSU") represents a contingent right to receive one Common Share.
  3. 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.
  4. The RSUs vest in two equal annual installments, beginning March 1, 2021.
  5. Fifty percent (50%) of the RSUs will vest on July 1, 2020, twenty-five percent (25%) on July 1, 2021, and the remaining twenty-five percent (25%) on July 1, 2022.