X0202 4 2005-05-10 0 0001037016 NII HOLDINGS INC NIHD 0001212759 GEMERT LO VAN 10700 PARKRIDGE BLVD. SUITE 600 RESTON VA 20191 0 1 0 0 President and COO Common Stock 2005-05-10 4 M 0 100 0.83 A 100 D Common Stock 2005-05-10 4 S 0 100 52.50 D 0 D Common Stock 2005-05-10 4 M 0 100 0.83 A 100 D Common Stock 2005-05-10 4 S 0 100 52.67 D 0 D Common Stock 2005-05-10 4 M 0 9618 0.83 A 9618 D Common Stock 2005-05-10 4 S 0 9618 52.68 D 0 D Common Stock 2005-05-10 4 M 0 4150 0.83 A 4150 D Common Stock 2005-05-10 4 S 0 4150 52.72 D 0 D Common Stock 2005-05-10 4 M 0 4175 0.83 A 4175 D Common Stock 2005-05-10 4 S 0 4175 52.73 D 0 D Common Stock 2005-05-10 4 M 0 4130 0.83 A 4130 D Common Stock 2005-05-10 4 S 0 4130 52.74 D 0 D Common Stock 2005-05-10 4 M 0 4300 0.83 A 4300 D Common Stock 2005-05-10 4 S 0 4300 52.77 D 0 D Common Stock 2005-05-10 4 M 0 9000 0.83 A 9000 D Common Stock 2005-05-10 4 S 0 9000 52.79 D 0 D Common Stock 2005-05-10 4 M 0 1000 0.83 A 1000 D Common Stock 2005-05-10 4 S 0 1000 52.80 D 0 D Common Stock 2005-05-10 4 M 0 2779 0.83 A 2779 D Common Stock 2005-05-10 4 S 0 2779 52.83 D 0 D Common Stock 2005-05-10 4 M 0 3409 0.83 A 3409 D Common Stock 2005-05-10 4 S 0 3409 52.84 D 0 D Common Stock 2005-05-10 4 M 0 100 0.83 A 100 D Common Stock 2005-05-10 4 S 0 100 52.87 D 0 D Common Stock 2005-05-10 4 M 0 500 0.83 A 500 D Common Stock 2005-05-10 4 S 0 500 52.88 D 0 D Common Stock 2005-05-10 4 M 0 2100 0.83 A 2100 D Common Stock 2005-05-10 4 S 0 2100 52.90 D 0 D Common Stock 2005-05-10 4 M 0 300 0.83 A 300 D Common Stock 2005-05-10 4 S 0 300 52.91 D 0 D Transactions of exercises made on 5/10/2005 are reported on four separate Form 4. This is 2 of 4 Form 4. Robert J. Gilker Attorney-in-Fact 2005-05-11