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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
LEAP WIRELESS INTERNATIONAL INC [ LEAP ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/30/2009 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 09/30/2009 | P | 8,406(2)(8) | A | $19.6056(2)(8) | 115,225 | I | See footnote(1) | ||
Common Stock | 09/30/2009 | S | 14,364(3)(8) | D | $19.8552(3)(8) | 100,861 | I | See footnote(1) | ||
Common Stock | 10/01/2009 | P | 87,276(4)(8) | A | $17.764(4)(8) | 188,137 | I | See footnote(1) | ||
Common Stock | 10/01/2009 | P | 4,070(5)(8) | A | $18.3726(5)(8) | 192,207 | I | See footnote(1) | ||
Common Stock | 10/01/2009 | S | 62,708(6)(8) | D | $17.9322(6)(8) | 129,499 | I | See footnote(1) | ||
Common Stock | 10/01/2009 | S | 8,148(7)(8) | D | $18.4296(7)(8) | 121,351 | I | See footnotes(1) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Call Option (right to buy) | $40 | 09/30/2009 | P | 32,000 | (9) | 01/16/2010 | Common Stock | 3,200,000 | $25 | 3,200,000 | I | See footnote(1) | |||
Call Option (Obligation to sell) | $39 | 09/30/2009 | S | 32,000 | (9) | 01/16/2010 | Common Stock | 3,200,000 | $33 | 3,200,000 | I | See footnote(1) | |||
Call Option (right to buy) | $35 | 10/02/2009 | P | 30,000 | (11) | 01/12/2010 | Common Stock | 3,000,000 | $23.33 | 3,000,000 | I | See footnotes(1) | |||
Call Option (right to buy) | $40 | 10/02/2009 | P | 30,000 | (11) | 01/12/2010 | Common Stock | 3,000,000 | $15.33 | 3,000,000 | I | See footnotes(1) | |||
Call Option (right to buy) | $35 | 10/02/2009 | S | 30,000 | (9) | 01/16/2010 | Common Stock | 3,000,000 | $19 | 0 | I | See footnote(1) | |||
Call Option (right to buy) | $40 | 10/02/2009 | S | 30,000 | (9) | 01/16/2010 | Common Stock | 3,000,000 | $11 | 200,000 | I | See footnotes(1)(10) |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman, Sachs & Co. ("Goldman Sachs" and, together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. The securities reported herein as indirectly purchased and sold were purchased and sold and may be deemed to be beneficially owned directly by Goldman Sachs. Goldman Sachs will remit the required short swing profits to the Company. Goldman Sachs also has aggregate open short positions of 123,567 shares of Common Stock that were put in place before the Reporting Persons were greater than 10% beneficial owners. |
2. Reflects the purchase of 8,406 shares of Leap Wireless International, Inc. (the "Company") common stock, par value $0.0001 per share ("Common Stock") at a weighted average price of $19.6056 per shares, at prices ranging from $19.55 to $20.20 per share. |
3. Reflects the sale of 14,364 shares of Common Stock at a weighted average price of $19.8552 per share, at prices ranging from $19.55 to $20.19 per share. |
4. Reflects the purchase of 87,276 shares of Common Stock at a weighted average price of $17.764 per share, at prices ranging from $17.33 to $18.32 per share. |
5. Reflects the purchase of 4,070 shares of Common Stock at a weighted average price of $18.3726 per share, at prices ranging from $18.33 to $18.65 per share. |
6. Reflects the sale of 62,708 shares of Common Stock at a weighted average price of $17.9322 per share, at prices ranging from $17.37 to $18.36 per share. |
7. Reflects the sale of 8,148 shares of Common Stock at a weighted average price of $18.4296 per share, at prices ranging from $18.38 to $18.77 per share. |
8. The Reporting Persons will provide, upon request by the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company, full information regarding the number of shares purchased or sold at each separate price. |
9. Currently exercisable. |
10. As of October 2, 2009, the Reporting Persons ceased to be the beneficial owners of more than 10% of the shares of Common Stock and are therefore no longer subject to Section 16. |
11. These options are cash settled and become exercisable at expiration, which is January 12, 2010. |
/s/ Kevin P. Treanor, Attorney-in-fact | 10/05/2009 | |
/s/ Kevin P. Treanor, Attorney-in-fact | 10/05/2009 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |