X0202 4/A 2005-05-10 2005-05-12 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 52.31 D 0 D Common Stock 2005-05-10 4 M 0 780 0.83 A 780 D Common Stock 2005-05-10 4 S 0 780 52.33 D 0 D Common Stock 2005-05-10 4 M 0 8000 0.83 A 8000 D Common Stock 2005-05-10 4 S 0 8000 52.35 D 0 D Common Stock 2005-05-10 4 M 0 24000 0.83 A 24000 D Common Stock 2005-05-10 4 S 0 24000 52.36 D 0 D Common Stock 2005-05-10 4 M 0 19900 0.83 A 19900 D Common Stock 2005-05-10 4 S 0 19900 52.37 D 0 D Common Stock 2005-05-10 4 M 0 1500 0.83 A 1500 D Common Stock 2005-05-10 4 S 0 1500 52.38 D 0 D Common Stock 2005-05-10 4 M 0 2300 0.83 A 2300 D Common Stock 2005-05-10 4 S 0 2300 52.39 D 0 D Common Stock 2005-05-10 4 M 0 1100 0.83 A 1100 D Common Stock 2005-05-10 4 S 0 1100 52.40 D 0 D Common Stock 2005-05-10 4 M 0 1075 0.83 A 1075 D Common Stock 2005-05-10 4 S 0 1075 52.42 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 52.43 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 52.45 D 0 D Common Stock 2005-05-10 4 M 0 1400 0.83 A 1400 D Common Stock 2005-05-10 4 S 0 1400 52.46 D 0 D Common Stock 2005-05-10 4 M 0 2171 0.83 A 2171 D Common Stock 2005-05-10 4 S 0 2171 52.47 D 0 D Common Stock 2005-05-10 4 M 0 900 0.83 A 900 D Common Stock 2005-05-10 4 S 0 900 52.49 D 0 D Common Stock 2005-05-10 4 M 0 10000 0.83 A 10000 D Employee Sstock Option (right to buy) 0.83 2005-05-10 4 M 0 202500 0.00 D 2004-11-12 2012-11-12 Common Stock 202500 67500 D The option vests in four installments: 30% on November 12, 2002; 30% on November 12, 2003; 30% on November 12, 2004; and 10% on November 12, 2005. Transactions of exercises made on 5/10/2005 are reported on four separate Form 4. This is 1 of 4 Form 4. This Form 4 is amended to reflect the correct number of derivative securities owned following the reported transaction. Robert J. Gilker Attorney-in-Fact 2005-07-05