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UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 ------------------------------
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----------------------------- OMB Number: 3235-0287
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| FORM 4 | Expires: September 30, 1998
| | STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden
----------------------------- hours per response . . . 0.5
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|_| Check this box if no longer Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a)
subject to Section 16. Form 4 of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
or Form 5 obligations may continue. Investment Company Act of 1940
See Instruction 1(b).
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(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting
Person(s) to Issuer
(Check all applicable)
Landman Frederick A. PanAmSat Corporation - SPOT X Director 10% Owner
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(Last) (First) (Middle) 3. IRS or Social 4. Statement for Officer Other
Security ------ (give -----
c/o PanAmSat Corporation Number of Month/Year title (specify
One Pickwick Plaza Reporting below) below)
Person (Voluntary) November/1999
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(Street) 5. If Amendment, Date of 7. Individual or Joint/Group Filing
Original (Check Applicable Line)
--- (Month/Year) - - ---
Greenwich, Connecticut 06830 X Form filed by One Reporting
--- Person
Form filed by More than
--- One Reporting Person
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(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. 3. 4. Securities Acquired (A) or 5. Amount of 6. Owner- 7. Nature
(Instr. 3) Trans- Trans- Disposed of (D) Securities ship of Indirect
action action (Instr. 3, 4 and 5) Beneficially Form: Beneficial
Date Code Owned at Direct Owner-
(Month/ (Instr. End of Month (D) or ship
Day/ 8) Indirect
Year) ------- ----- ----------- ------- --------- (I)
(A) or (Instr. 3 and 4) (Instr. 4) (Instr. 4)
Code V Amount (D) Price
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Common Stock, par value 2,069,084 (1) D
$0.01 per Share
("Common Stock")
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" 263 I By PanAmsat
Corporation Re-
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tirement
Savings Plan
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(1) The shares of Common Stock shown to be owned by Mr. Landman exclude 10,718,588 shares held for the benefit of the Article
VII Trust Created Under the Rene Anselmo Revocable Trust dated June 10, 1994 (the "Article VII Trust"), and with respect
to which Mr. Landman disclaims beneficial ownership. Mr Landman, Mary Anselmo, Reverge Anselmo and Lourdes Saralegui are
the Joint Trustees under the Article VII Trust, which Trust succeeded to all of the shares owned by Rene Anselmo, the
former Chairman of the Board and Chief Executive Officer of PanAmSat International Systems, Inc., upon his death.
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (7-96)
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FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of 2. Conver- 3. 4. 5. Number of 6. Date 7. Title and Amount of 8. 9.Number 10. 11.
Derivative sion Trans- Trans- Derivative Exer- Underlying Securities Price of Owner-ship Nature
Security or action action Securities Ac- cisable (Instr. 3 and 4) of Deriv- Form of of
(Instr. 3) Exercise Date Code quired (A) or and Deriv- ative Deriva- Indirect
Price (Month/ (Instr. Disposed of Expiration ative Secur- tive Beneficial
of Day/ 8) (D) Date Secur- ities Owner-
Deri- Year) (Instr. 3, 4, (Month/Day/ ity Bene- Security: ship
vative and 5) Year (Instr. ficially Direct (Instr.4)
Security ------- ------------ ---------- ---------------------- 5) Owned (D) or
------- ------------ ---------- ---------------------- at End
Date Exp- Amount or of Indirect
Code V (A) (D) Exer- ira- Title Number of Month (I)
cisa- tion Shares (Instr.4)
ble Date
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Call Options $59 11/8/99 S 500,000 11/ 11/ Common 500,000 $3.80
(obligation 08/ 08/ Stock
to sell) 2000 2000
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Explanation of Responses:
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
/s/ James W. Cuminale 12/9/99
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**Signature of Reporting Person Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). *By: James W. Cuminale
Authorized Signatory
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the
form displays a currently valid OMB Number.
Page 2
SEC 1474 (7-96)
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