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