0001006269-11-000023.txt : 20111213
0001006269-11-000023.hdr.sgml : 20111213
20111213152058
ACCESSION NUMBER: 0001006269-11-000023
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111212
FILED AS OF DATE: 20111213
DATE AS OF CHANGE: 20111213
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Capogrossi John
CENTRAL INDEX KEY: 0001423524
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14180
FILM NUMBER: 111258440
MAIL ADDRESS:
STREET 1: 600 THIRD AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10016
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LORAL SPACE & COMMUNICATIONS INC.
CENTRAL INDEX KEY: 0001006269
STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
IRS NUMBER: 870748324
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 600 THIRD AVE
CITY: NEW YORK
STATE: NY
ZIP: 10016
BUSINESS PHONE: 2126971105
MAIL ADDRESS:
STREET 1: 600 THIRD AVE
CITY: NEW YORK
STATE: NY
ZIP: 10016
FORMER COMPANY:
FORMER CONFORMED NAME: LORAL SPACE & COMMUNICATIONS LTD
DATE OF NAME CHANGE: 19960124
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0304
4
2011-12-12
0
0001006269
LORAL SPACE & COMMUNICATIONS INC.
LORL
0001423524
Capogrossi John
600 THIRD AVENUE
NEW YORK
NY
10016
0
1
0
0
VP and Controller
Common Stock
2011-12-12
4
M
0
62
0
A
62
D
Common Stock
2011-12-12
4
D
0
62
62.815
D
0
D
Restricted Stock Units
0
2011-12-12
4
M
0
62
0
D
2011-12-12
2016-06-30
Common Stock
62
128
D
The reporting person was granted Restricted Stock Units for no consideration.
The fair market value was determined using the average of the high and low price of the Common Stock on December 12, 2011, the date of vesting.
Vesting of the RSUs requires the satisfaction of two conditions: a time-based vesting condition and a stock price vesting condition. No vesting will occur unless both vesting conditions are satisfied. The time-based vesting condition has the following vesting schedule: 25% vest immediately upon grant and 6-1/4% vest over each of the next twelve quarters on the second Monday of each September, December, March and June, through June 11, 2012, provided the recipient remains employed on each vesting date. The stock price vesting condition will be satisfied only when the average closing price of the Common Stock over a period of 20 consecutive trading days is at or above $45 during the period commencing on the grant date and ending on June 30, 2016. The time-based vesting condition is subject to full or partial acceleration upon death, disability or termination of employment without cause, and upon a change of control of Loral. The RSUs expire on June 30, 2016.
John Capogrossi
2011-12-13