UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
(Print or Type Responses)
1. Name and Address of Reporting Person:
Inglese Michael J.
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(Last) (First) (Middle)
One Pickwick Plaza
Greenwich, Connecticut 06830
2. Date of Event Requiring Statement (Month/Day/Year)
July 10, 2000
3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary):
4. Issuer Name and Ticker or Trading Symbol:
PanAmSat Corporation/ SPOT
5. Relationship of Reporting Person(s) to Issuer:
___ Director
_X_ Officer (give title below)
___ 10% Owner
___ Other (specify below)
Senior Vice President and Chief Financial Officer
6. If Amendment, Date of Original (Month/Day/Year)
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 Beneficially Owned
1. Title of Security (Instr. 4)
Common Stock, par value $0.01 ("Common Stock")
2. Amount of Securities Beneficially Owned (Instr. 4)
382
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
I
4. Nature of Indirect Beneficial Ownership (Instr. 5)
By PanAmSat Corporation Retirement Savings Plan
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see
Instruction 5(b)(v).
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Table II - Derivative Securities Beneficially Owned (e.g., puts,
calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)
Employee Stock Options (right to buy)
Employee Stock Options (right to buy)
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
(1) 5/1/08
(2) 4/9/09
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
Title Amount or Number of Shares
Common Stock 6,000
Common Stock 30,000
4. Conversion or Exercise Price of Derivative Security
$58.313
$31.125
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
D
D
6. Nature of Indirect Beneficial Ownership (Instr. 5)
Explanation of Responses:
(1) The options will become exercisable in equal installments over three years
commencing May 1, 1999.
(2) The options will become exercisable in equal installments over four years
commencing April 9, 1999.
By: /s/ Michael J. Inglese July 17, 2000
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient see Instruction 6 for procedure.
Page 2
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AUTHORIZATION
The undersigned hereby appoints James W. Cuminale his Authorized
Representative to execute and file with the Securities and Exchange Commission,
in the name and on behalf of the undersigned, any and all of the following
documents pursuant to Section 16(a) of the Securities Exchange Act of 1934 and
the Rules promulgated thereunder which relate to the securities of PanAmSat
Corporation: (i) Initial Statement of Beneficial Ownership of Securities on Form
3, (ii) Statement of Changes in Beneficial Ownership on Form 4, and (iii) Annual
Statement of Changes in Beneficial Ownership on Form 5. This Authorization shall
take effect as of the date hereof and shall remain in full force and effect
until the earlier of the fifth anniversary hereof or the revocation of this
Authorization by the undersigned.
Date: 7/10/00
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/s/ Michael J. Inglese
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Michael Inglese
