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^*

Stott Stephen

(Last)

(First)

(Middle)

ROOSEVELTPLANTSOEN 4

(Street)

THE HAGUE

2517 KR

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CTO of NSS B.V.

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2005

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	06/30/2005		M		956	A	$3.09	64,617⁽¹⁾	D
Common Stock, par value $0.01 per share	06/30/2005		F		442	D	$19.85	64,617⁽¹⁾	D
Common Stock, par value $0.01 per share	09/30/2005		M		1,656	A	$3.05	64,617⁽¹⁾	D
Common Stock, par value $0.01 per share	09/30/2005		F		755	D	$21.05	64,617⁽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	$3.09	06/30/2005		A		897		⁽³⁾	06/30/2015⁽²⁾	Common Stock	897	⁽³⁾	70,591	D
Option to purchase shares of Common Stock	$3.05	09/30/2005		A		1,588		⁽³⁾	09/30/2015⁽²⁾	Common Stock	1,588	⁽³⁾	72,179	D
Option to purchase shares of Common Stock	$3.09	06/30/2005		A		956		06/30/2005	06/30/2015⁽²⁾	Common Stock	956	⁽⁴⁾	75,246	D
Option to purchase shares of Common Stock	$3.09	06/30/2005		M			956	06/30/2005	06/30/2015⁽²⁾	Common Stock	956	⁽⁴⁾	0	D
Option to purchase shares of Common Stock	$3.05	09/30/2005		A		1,656		09/30/2005	09/30/2015⁽²⁾	Common Stock	1,656	⁽⁵⁾	75,246	D
Option to purchase shares of Common Stock	$3.05	09/30/2005		M			1,656	09/30/2005	09/30/2015⁽²⁾	Common Stock	1,656	⁽⁵⁾	0	D
Option to purchase shares of Common Stock⁽⁶⁾	$3.09	06/30/2005		D			75,246	06/30/2005	06/30/2015⁽²⁾	Common Stock	75,246	⁽⁴⁾	0	D
Option to purchase shares of Common Stock⁽⁶⁾	$3.05	06/30/2005		A		75,246		06/30/2005	06/30/2015⁽²⁾	Common Stock	75,246	⁽⁴⁾	75,246	D
Option to purchase shares of Common Stock⁽⁶⁾	$3.09	06/30/2005		D			70,591	⁽³⁾	06/30/2015⁽²⁾	Common Stock	70,591	⁽³⁾	0	D
Option to purchase shares of Common Stock⁽⁶⁾	$3.05	06/30/2005		A		70,591		⁽³⁾	06/30/2015⁽²⁾	Common Stock	70,591	⁽³⁾	70,591	D
Option to purchase shares of Common Stock⁽⁷⁾	$3.05	09/30/2005		D			75,246	09/30/2005	09/30/2015⁽²⁾	Common Stock	75,246	⁽⁵⁾	0	D
Option to purchase shares of Common Stock⁽⁷⁾	$2.99	09/30/2005		A		75,246		09/30/2005	09/30/2015⁽²⁾	Common Stock	75,246	⁽⁵⁾	75,246	D
Option to purchase shares of Common Stock⁽⁷⁾	$3.05	09/30/2005		D			72,179	⁽³⁾	09/30/2015⁽²⁾	Common Stock	72,179	⁽³⁾	0	D
Option to purchase shares of Common Stock⁽⁷⁾	$2.99	09/30/2005		A		72,179		⁽³⁾	09/30/2015⁽²⁾	Common Stock	72,179	⁽³⁾	72,179	D

Explanation of Responses:

1. Reporting person has investment control with respect to that number of shars of common stock of the Issuer owned by New Skies (Cayman) Ltd., of which the reporting person is a shareholder, proportionate to the reporting person's interest therein.

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

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

4. The options were granted, vested and exercised on June 30, 2005. See Table 1.

5. The options were granted, vested and exercised on September 30, 2005. See Table 1.

6. The exercise price of the option was changed from $3.09 to $3.05 on June 30, 2005.

7. The exercise price of the option was changed from $3.05 to $2.99 on September 30, 2005.

	/s/ Thai E. Rubin, by power of attorney	10/04/2005
	** Signature of Reporting Person	Date
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