SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Goldberg Daniel

(Last)

(First)

(Middle)

ROOSEVELTPLANTSOEAN 4, 2517 KR

(Street)

THE HAGUE, THE NETHERLANDS

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
New Skies Satellites Holdings Ltd. [ NSE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President of Issuer and CEO	of New Skies Satellites B.V.

3. Date of Earliest Transaction (Month/Day/Year)
05/10/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	05/10/2005		M		56,372	A	$7.69	268,894⁽¹⁾	D
Common Stock, par value $0.01 per share	05/10/2005		F		35,153	D	$18.83	268,894⁽¹⁾	D
Common Stock, par value $0.01 per share	05/10/2005		M		23,404	A	$7.69	268,894⁽¹⁾	D
Common Stock, par value $0.01 per share	05/10/2005		F		14,595	D	$18.83	268,894⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to purchase shares of common stock	$3.37	05/10/2005		A		286,632		⁽³⁾	05/10/2015⁽²⁾	Common Stock	286,632	⁽³⁾	286,632	D
Option to purchase shares of common stock	$3.37	05/10/2005		A		168,734		⁽⁴⁾	05/10/2015⁽²⁾	Common Stock	168,734	⁽⁴⁾	168,734	D
Option to purchase shares of common stock	$3.37	05/10/2005		A		168,734		⁽⁴⁾	05/10/2015⁽²⁾	Common Stock	168,734	⁽⁴⁾	168,734	D
Option to purchase shares of common stock	$7.69	05/10/2005		A		56,372		05/10/2005	05/10/2015⁽²⁾	Common Stock	56,372	⁽⁵⁾	56,372	D
Option to purchase shares of common stock	$7.69	05/10/2005		A		23,404		05/10/2005	05/10/2015⁽²⁾	Common Stock	23,404	⁽⁵⁾	23,404	D
Option to purchase shares of common stock	$7.69	05/10/2005		M		56,372		05/10/2005	05/10/2015⁽²⁾	Common Stock	56,372	⁽⁵⁾	56,372	D
Option to purchase shares of common stock	$7.69	05/10/2005		M		23,404		05/10/2005	05/10/2015⁽²⁾	Common Stock	23,404	⁽⁵⁾	23,404	D

Explanation of Responses:

1. Mr. Goldberg has investment control with respect to that number of shares of common stock of the Issuer owned by New Skies (Cayman) Ltd., of which Mr. Goldberg is a shareholder, proportionate to Mr. Goldberg's interest therein. The shares of common stock reported as beneficially owned assumes the issuance of a dividend of 17,255,074 shares of common stock by the Issuer to existing shareholders on a pro rata basis prior to the consummation of the Issuer's initial public offering.

2. The options have a ten year term subject to the optionee's continued employment.

3. Subject to the optionee's continued employment, the options will vest ratably over four years.

4. Subject to the optionee's continued employment, the options will vest on the seventh anniversary of the date of grant if the imputed annual compounded internal rate of return to the investment funds affiliated with The Blackstone Group is at least 20% on this date. Some of the options may vest ratably over four years.

5. Options were granted, vested and exercised on May 10, 2005. See Table I.

	/s/ Thai Rubin by power of attorney	05/11/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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