X0202 4 2007-05-22 0 0001006269 LORAL SPACE & COMMUNICATIONS INC. LORL 0001341017 OLMSTEAD DEAN 42 WILKINSON WAY PRINCETON NJ 08540 1 0 0 0 Common Stock 2007-05-22 4 A 0 1000 0 A 1000 D Employee Stock Option (Right to Buy) 27.135 2007-05-22 4 A 0 20000 0 A 2013-06-14 Common Stock 20000 20000 D Employee Stock Option (Right to Buy) 27.135 2007-05-22 4 A 0 100000 0 A 2013-06-14 Common Stock 100000 100000 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. The options were granted on June 14, 2006 subject to stockholder approval of the Company's Amended and Restated Plan. On May 22, 2007, stockholders approved the Amended and Restated Plan. 20,000 shares vest over a four-year period, with 25% vesting on each of the first four anniversaries of the grant date. The options were granted on June 14, 2006 subject to stockholder approval of the Company's Amended and Restated Plan. On May 22, 2007, stockholders approved the Amended and Restated Plan. 100,000 shares vest based upon closing of a satellite services business transaction with a specified value to Loral (25,000 shares vest upon closing of a transaction with a value of between $100 million and less than $250 million; 50,000 shares vest upon closing of a transaction with a value of between $250 million and less than $500 million; 75,000 options vest upon closing of a transaction with a value of between $500 million and less than $1,000 million; and 100,000 options vest upon closing of a transaction with a value of $1,000 million or more). Dean A. Olmstead 2007-05-22