0001006269-13-000008.txt : 20130619
0001006269-13-000008.hdr.sgml : 20130619
20130619111914
ACCESSION NUMBER: 0001006269-13-000008
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130617
FILED AS OF DATE: 20130619
DATE AS OF CHANGE: 20130619
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TARGOFF MICHAEL B
CENTRAL INDEX KEY: 0001223765
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14180
FILM NUMBER: 13921136
MAIL ADDRESS:
STREET 1: 40 WEST 57TH ST.
CITY: NEW YORK
STATE: NY
ZIP: 10019
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2013-06-17
0
0001006269
LORAL SPACE & COMMUNICATIONS INC.
LORL
0001223765
TARGOFF MICHAEL B
600 THIRD AVENUE
NEW YORK
NY
10016
1
0
0
0
Common Stock
2013-06-17
4
M
0
294475
0
A
294475
D
Common Stock
2013-06-17
4
D
0
142603
62.3975
D
151872
D
Common Stock
2013-06-17
4
S
0
70000
61.8794
D
81872
D
Restricted Stock Units
0
2013-06-17
4
M
0
175000
0
D
2013-06-17
2013-06-17
Common Stock
175000
0
D
In addition to receipt of 175,000 shares of Common Stock in settlement of 175,000 vested restricted stock units, Mr. Targoff also received on the settlement date 119,475 shares of Common Stock, representing $42.60 in respect of each outstanding restricted stock unit ($13.60 in respect of the special dividend declared by the Company on March 28, 2012 and $29.00 in respect of the special distribution declared by the Company on November 7, 2012).
Because the settlement date of Mr. Targoff's restricted stock units was June 15, 2013 which was not a trading day, the fair market value was determined using the average of the high and the low trading prices of the Common Stock on June 14, 2013 and June 17, 2013.
The restricted stock units were subject to settlement on the earlier of (a) March 31, 2013, (b) the date of Mr. Targoff's death or disability, (c) the date of Mr. Targoff's separation from service (subject to a six-month delay pursuant to Section 409A (the "409A Delay Period")) and (d) the date of the consummation of a change in control of the Company. Mr. Targoff underwent a separation from service on December 14, 2012, and the 409A Delay Period expired on June 14, 2013 resulting in the settlement of the restricted stock units on June 17, 2013.
Michael B. Targoff
2013-06-19