-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G7ZjSRIJAm3bLJYCEMFUOLsrxiQ+7/6tNiCd9gIj12aZ33fnvnja4mCUPQdyLr1W 4z7jIcdWx/pDQJ6133pxDw== 0001140361-10-035206.txt : 20100826 0001140361-10-035206.hdr.sgml : 20100826 20100826174218 ACCESSION NUMBER: 0001140361-10-035206 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100824 FILED AS OF DATE: 20100826 DATE AS OF CHANGE: 20100826 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: KATZ AVI CENTRAL INDEX KEY: 0001233287 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14180 FILM NUMBER: 101041487 MAIL ADDRESS: STREET 1: 600 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 4 1 doc1.xml FORM 4 X0303 4 2010-08-24 0 0001006269 LORAL SPACE & COMMUNICATIONS INC. LORL 0001233287 KATZ AVI LORAL SPACE & COMMUNICATIONS 600 THIRD AVE NEW YORK NY 10016 0 1 0 0 Sr. VP, Sec., Gen. Counsel Common Stock 2010-08-24 4 M 0 750 0 A 750 D Common Stock 2010-08-24 4 D 0 750 49.915 D 0 D Restricted Stock Units 0 2010-08-24 4 M 0 750 0 D 2010-08-24 2016-06-30 Common Stock 750 750 D The reporting person was granted Restricted Stock Units for no monetary consideration. The fair market value was determined using the average high and low price of the Stock on July 27, 2010, 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 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. /s/ Avi Katz 2010-08-26 -----END PRIVACY-ENHANCED MESSAGE-----