UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (right to buy) | Â (2) | 01/29/2017 | Common Stock | 300,000 | $ 7.425 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CAPLAN ANDREW C/O SKYTERRA COMMUNICATIONS, INC. 10802 PARKRIDGE BLVD RESTON, VA 20191 |
 |  |  | Chief Network Officer of MSV |
Andrew Caplan | 08/08/2008 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents grant of 75,000 restricted shares of Company common stock under the 2006 Equity and Incentive Plan. Will vest as follows, subject to Mr. Caplan's continued employment: (i) 25,000 shares on January 29,2010; (ii) 25,000 shares on first day following the twentieth consecutive trading day on which price of Company's common stock exceeds $20 per share; and (iii) 25,000 shares on first day following the twentieth consecutive trading day on which price of Company's common stock exceeds $25 per share, as further set forth in award agreement. Subject to acceleration upon termination of Mr. Caplan's employment other than for "cause" as defined in the award agreement and in certain other circumstances. |
(2) | The option vests in three equal annual installments beginning on January 29, 2008. |