X0202 4 2007-05-22 0 0001006269 LORAL SPACE & COMMUNICATIONS INC. LORL 0001233421 SIMON ARTHUR L 971 HAVERSTRAW RD SUFFERN NY 10901 1 0 0 0 Common Stock 2007-05-22 4 A 0 2000 0 A 2072 D Common Stock 2007-05-22 4 A 0 2000 0 A 4072 D On March 20, 2007, the Board of Directors approved grants of restricted stock to the Company's non-executive directors as part of their compensation for 2006. These grants were subject to stockholder approval of the Company's Amended and Restated 2005 Stock Incentive Plan (the "Amended and Restated Plan"). The Amended and Restated Plan was approved by stockholders at the Company's annual meeting on May 22, 2007, and the restricted stock grant was made on that date. 50% vests on grant date. The remaining 50% vests on the first anniversary of the grant date. On March 20, 2007, the Board of Directors approved grants of restricted stock to the Company's non-executive directors as part of their compensation for 2007. These grants were subject to stockholder approval of the Amended and Restated Plan. The Amended and Restated Plan was approved by stockholders at the Company's annual meeting on May 22, 2007, and the restricted stock grant was made on that date. 50% vests on the first anniversary of the grant date. The remaining 50% vests on the second anniversary of the grant date. Arthur L. Simon 2007-05-22