SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Spengler Stephen

(Last)

(First)

(Middle)

C/O INTELSAT S.A.

4, RUE ALBERT BORSCHETTE

(Street)

LUXEMBOURG

L-1246

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2020

3. Issuer Name and Ticker or Trading Symbol
Intelsat S.A. [ I ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	864,619	I	See footnote⁽¹⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Share Units	⁽²⁾	⁽²⁾	Common Shares	85,086	⁽²⁾	D
Restricted Share Units	⁽³⁾	⁽³⁾	Common Shares	143,000	⁽³⁾	D
Restricted Share Units	⁽⁴⁾	⁽⁴⁾	Common Shares	74,000	⁽⁴⁾	D
Options (Right to Buy)	⁽⁵⁾	12/15/2025	Common Shares	150,000	$3.77	D
Options (Right to Buy)	⁽⁶⁾	05/01/2023	Common Shares	43,000	$3.77	D

Explanation of Responses:

1. These Common Shares are held by The Stephen Spengler Revocable Trust (U/A December 12, 2006).

2. Each restricted share unit ("RSU") represents a contingent right to receive one Common Share. The RSUs vest in three equal annual installments, beginning March 1, 2020.

3. Each RSU represents a contingent right to receive one Common Share. The RSUs vest in two equal annual installments, beginning March 1, 2020.

4. Each RSU represents a contingent right to receive one Common Share. The full amount of the RSUs will vest on March 1, 2020.

5. The options vested in two equal annual installments, beginning December 15, 2016.

6. The options vested in twenty-four (24) equal monthly installments, beginning June 1, 2013.

Remarks:

EXHIBIT LIST - Exhibit 24 - Power of Attorney for Stephen Spengler.

	/s/ Sajid Ajmeri as attorney-in-fact	01/10/2020
	** 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 5 (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.
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