0001006269-12-000015.txt : 20120613 0001006269-12-000015.hdr.sgml : 20120613 20120613132906 ACCESSION NUMBER: 0001006269-12-000015 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120611 FILED AS OF DATE: 20120613 DATE AS OF CHANGE: 20120613 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MASTOLONI RICHARD CENTRAL INDEX KEY: 0001238600 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14180 FILM NUMBER: 12904724 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 X0305 4 2012-06-11 0 0001006269 LORAL SPACE & COMMUNICATIONS INC. LORL 0001238600 MASTOLONI RICHARD 600 THIRD AVENUE NEW YORK NY 10016 0 1 0 0 SVP, Finance and Treasurer Common Stock 2012-06-11 4 M 0 99 0 A 16289 D Common Stock 2012-06-11 4 D 0 99 58.695 A 16190 D Restricted Stock Units 0 2012-06-11 4 M 0 99 0 A 2012-06-11 2011-06-30 Common Stock 99 0 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 June 11, 2012, the date of vesting. In addition, in connection with the settlement of the reporting person's Restricted Stock Units, the reporting person received a payment of $13.60 per unit. This payment was the result of an equitable adjustment to the RSUs in the form of a dividend equivalent right effected in connection with the payment in April 2012 by the Company to shareholders of a special dividend of $13.60 per share of Common Stock. 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. Richard P. Mastoloni 2012-06-13