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<S> <C> <C>
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FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
-------- Washington, D.C. 20549 ----------------------------
OMB Number: 3235-0104
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Expires: September 30, 1998
Estimated average burden
Filed pursuant to Section 16(a) of the Securities Exchange hours per response.......0.5
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
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(Print or Type Responses)
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1. Name and Address of Reporting Person*
Roberts Pierce J.
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(Last) (First) (Middle)
4920 Sea Watch Drive
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(Street)
Amelia Island FL 32034
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
August 8, 2000
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3. IRS or Social Security Number of Reporting Person (voluntary)
________________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
XM Satellite Radio Holdings Inc. (XMSR)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
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Officer (give title below) Other (specify below)
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________________________________________________________________________________
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
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Form Filed by More Than One Reporting Person
---
________________________________________________________________________________
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Table I-Non-Derivative Securities Beneficially Owned
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<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C> <C>
Common Stock, par value
$0.01 per share 10,119 D
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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). (Over)
SEC 1473(7-96)
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NY/296362.2
<PAGE>
<TABLE>
<CAPTION>
FORM 3 (continued) Table II--Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
8.25% Series B
Convertible
Redeemable Preferred
Stock, par value $0.01
per share N/A N/A Common Stock, par 2,000 $50.50 D
value $0.01 per share
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8.25% Series C
Convertible
Redeemable Preferred
Stock, par value $0.01
per share N/A N/A Common Stock, par 2,264,150 $26.50 I (1)
value $0.01 per share
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</TABLE>
Explanation of Responses:
1 Consists of shares of Series C Preferred Stock owned by AEA XM Investors I LLC
("AEA XM I") and AEA XM Investors II LLC, each a Delaware limited liability
company, which are included as a result of Mr. Roberts' relationship with AEA XM
Investors Inc., the general partner of each of XM Investors I LP, a Delaware
limited partnership, and XM Investors II LP, a Delaware limited partnership,
which each manage AEA XM I and AEA XM II, respectively. Mr. Roberts disclaims
beneficial ownership of all shares owned by AEA XM I and AEA XM II.
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<S> <C>
/s/ Pierce J. Roberts, Jr. August 18, 2000
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Pierce J. Roberts Date
**Signature of Reporting Person
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** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
See Instruction 6 for procedure.
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