X0303 4 2011-04-20 0 0001037016 NII HOLDINGS INC NIHD 0001390380 Santoro Gregory 1875 EXPLORER STREET SUITE 1000 RESTON VA 20190 0 1 0 0 EVP Chief Marketing & Strategy Common Stock 2011-04-20 4 A 0 15635 0.00 A 55635 D Stock Option (right to purchase) 40.28 2011-04-20 4 A 0 24241 0.00 A 2012-04-20 2021-04-20 Common Stock 24241 24241 D The restricted stock grant will vest over three years, as follows: 33-1/3% on April 20, 2012; 33-1/3% on April 20, 2013; and 33-1/3% on April 20, 2014. The amount of securities beneficially owned following reported transactions on this column 5 of Table I includes 6,666 shares of restricted stock that vest on April 22, 2012; 2,334 shares of restricted stock that vest on April 23, 2011; 2,333 shares of restricted stock that vest on April 23, 2012; 2,333 shares of restricted stock that vest on April 23, 2013; 5,212 shares of restricted stock that vest on April 20, 2012; 5,212 shares of restricted stock that vest on April 20, 2013; and 5,211 shares of restricted stock that vest on April 20, 2014. The stock option grant will vest over three years, as follows: 33-1/3% on April 20, 2012; 33-1/3% on April 20, 2013; and 33-1/3% on April 20, 2014. Shana Smith Attorney-in-Fact 2011-04-22