FORM 5
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of
the Securities Exchange Act of
1934, Section 17(a) of the
Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
/_/ Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
See Instruction 1(b).
/_/ Form 3 Holdings Reported
/_/ Form 4 Transactions Reported
1. Name and Address of Reporting Person*: Wright, Jr. Joseph
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(Last) (First) (Middle)
PanAmSat Corporation One Pickwick Plaza
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(Street)
Greenwich Connecticut 06830
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol:
PanAmSat Corporation (SPOT)
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year:
12/31/97
5. If Amendment, Date of Original:
(Month/Year)
6. Relationship of Reporting Person(s) to Issuer: (Check all applicable)
__X__ Director
_____ Officer (give title below)
_____ 10% Owner
_____ Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
__X__ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
1. Title of Security:
(Instr. 3)
Common Stock, Par Value $0.01 Per Share ("Common Stock")
Common Stock
Common Stock
2. Transaction Date:
(Month/Day/Year)
12/5/97
12/16/97
12/31/97
3. Transaction Code:
(Instr. 8)
A
A
A
4. Securities Acquired (A) or Disposed of (D):
(Instr. 3, 4 and 5)
Amount (A) or (D) Price
82 A $42.75 (1)
27 A $38.25 (1)
93 A $43.125 (1)
5. Amount of Securities Beneficially Owned at End of Issuer's
Fiscal Year:
(Instr. 3 and 4)
202
6. Ownership Form: Direct (D) or Indirect (I):
(Instr. 4)
D
D
D
7. Nature of Indirect Beneficial Ownership:
(Instr. 4)
*If the form is filed by more than one reporting person, see Instruction
4(b)(v).
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Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants, options,
convertible securities)
1. Title of Derivative Security:
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security:
3. Transaction Date :
(Month/Day/Year)
4. Transaction Code:
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D):
(Instr. 3, 4 and 5)
(A) (D)
6. Date Exercisable and Expiration Date:
(Month/Day/Year)
Date Exercisable Expiration Date
7. Title and Amount of Underlying Securities:
(Instr. 3 and 4)
Title Amount or Number of Shares
8. Price of Derivative Security:
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Year:
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I):
(Instr. 4)
11. Nature of Indirect Beneficial Ownership:
(Instr. 4)
Explanation of Responses:
(1) Reflects restricted shares of Common Stock acquired pursuant to the 1997
Long Term Stock Incentive Plan of PanAmSat Corporation.
Joseph Wright, Jr.
** Intentional misstatements or /s/ Joseph Wright, Jr.
omissions of facts constitute -----------------------
Federal Criminal Violations. ** Signature of Reporting Person
See 18 U.S.C. 1001 and
15 U.S.C. 78ff(a).
Date: 2/12/98
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.