FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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).
1. Name and Address of Reporting Person*: General Motors Corporation
------------------------------
(LAST) (FIRST) (MIDDLE)
100 Renaissance Center
-------------------------------------------
(STREET)
Detroit, Michigan 48265-1000
------------------------------------------
(CITY) (STATE) (ZIP)
2. Issuer Name and Ticker or Trading Symbol:
PanAmSat Corporation - SPOT
3. IRS or Social Security Number of Reporting Person (Voluntary):
38-0572515
4. Statement for Month/Year:
4/98
5. If Amendment, Date of Original:
(Month/Year)
6. Relationship of Reporting Person(s) to Issuer: (Check all applicable)
_____ Director
_____ Officer (give title below)
__X__ 10% Owner
_____ Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
____ Form filed by One Reporting Person
__X_ 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, $0.01 par value per share (the "Common Stock")
Common Stock
2. Transaction Date:
(Month/Day/Year)
4/30/98
5/1/98
3. Transaction Code:
(Instr. 8)
Code V
P
P V
4. Securities Acquired (A) or Disposed of (D):
(Instr. 3, 4 and 5)
Amount (A) or (D) Price
11,239,594 A $674,375,640
2,949,774 A $176,986,440
5. Amount of Securities Beneficially Owned at End of Month:
(Instr. 3 and 4)
117,862,401
120,812,175
6. Ownership Form: Direct (D) or Indirect (I):
(Instr. 4)
I
I
7. Nature of Indirect Beneficial Ownership:
(Instr. 4)
By Hughes Communications, Inc., a wholly-owned indirect subsidiary of
General Motors Corporation.
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 4(b)(v).
<PAGE>
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)
Code V
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 Month:
(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:
** Intentional misstatements or omissions /s/ Martin I. Darvick
of facts constitute Federal Criminal ---------------------------
Violations. See 18 U.S.C. 1001 and ** Signature of Reporting Person
15 U.S.C. 78ff(a.) Martin I. Darvick
Assistant Secretary
General Motors Corporation
Date: May 11, 1998
Note: File three copies of the Form, one of which must be manually signed. If
space provided 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>
FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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).
1. Name and Address of Reporting Person*: Hughes Communications, Inc.
------------------------------
(LAST) (FIRST) (MIDDLE)
1500 Hughes Way
-------------------------------------------
(STREET)
Long Beach California 90810
------------------------------------------
(CITY) (STATE) (ZIP)
2. Issuer Name and Ticker or Trading Symbol:
PanAmSat Corporation - SPOT
3. IRS or Social Security Number of Reporting Person (Voluntary):
95-3884435
4. Statement for Month/Year:
4/98
5. If Amendment, Date of Original:
(Month/Year)
6. Relationship of Reporting Person(s) to Issuer: (Check all applicable)
_____ Director
_____ Officer (give title below)
__X__ 10% Owner
_____ Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
____ Form filed by One Reporting Person
__X_ 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, $0.01 par value per share (the "Common Stock")
Common Stock
2. Transaction Date:
(Month/Day/Year)
4/30/98
5/1/98
3. Transaction Code:
(Instr. 8)
Code V
P
P V
4. Securities Acquired (A) or Disposed of (D):
(Instr. 3, 4 and 5)
Amount (A) or (D) Price
11,239,594 A $674,375,640
2,949,774 A $176,986,440
5. Amount of Securities Beneficially Owned at End of Month:
(Instr. 3 and 4)
117,862,401
120,812,175
6. Ownership Form: Direct (D) or Indirect (I):
(Instr. 4)
D
D
7. Nature of Indirect Beneficial Ownership:
(Instr. 4)
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 4(b)(v).
<PAGE>
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)
Code V
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 Month:
(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:
** Intentional misstatements or omissions /s/ Patrick T. Doyle
of facts constitute Federal Criminal ---------------------------
Violations. See 18 U.S.C. 1001 and ** Signature of Reporting Person
15 U.S.C. 78ff(a.) Patrick T. Doyle
Senior Vice President
Hughes Communications, Inc.
Date: May 11, 1998
Note: File three copies of the Form, one of which must be manually signed. If
space provided 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.
