================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. 3)
PANAMSAT CORPORATION
--------------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE 697933-10-9
--------------------------------------------------------------------------------
(Title of class of securities) (CUSIP number)
JOHN J. HIGGINS, ESQ.
ACTING CHIEF LEGAL OFFICER
HUGHES COMMUNICATIONS, INC.
200 N. SEPULVEDA BLVD.
EL SEGUNDO, CALIFORNIA 90245
(310) 662-9935
--------------------------------------------------------------------------------
(Name, address and telephone number of person authorized to
receive notices and communications)
DECEMBER 20, 2000
--------------------------------------------------------------------------------
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_].
================================================================================
NY2:\995284\02\LBYS02!.DOC\53356.0066
<PAGE>
<TABLE>
<CAPTION>
----------------------------------------------------------------- ------------------------------------------------
CUSIP No. 697933-10-9 13D Page 2
----------------------------------------------------------------- ------------------------------------------------
<S> <C>
----------------- ----------------------------------------------- ---------------------------------------------------------------
1 NAME OF REPORTING PERSON: General Motors Corporation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 38-0572515
----------------- ---------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
----------------- ---------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------- -------------------------- ------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
----------------- ---------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
----------------- -------------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
--------------------------- ------ --------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 120,812,175
SHARES
------ --------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------ --------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 120,812,175
REPORTING
------ --------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
----------------- ---------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 120,812,175
----------------- ---------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
----------------- ---------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 80.7%
----------------- ----------------------------------------------- ---------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
----------------- ----------------------------------------------- ---------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
2
<PAGE>
----------------------------------------------------------------- ------------------------------------------------
CUSIP No. 697933-10-9 13D Page 3
----------------------------------------------------------------- ------------------------------------------------
----------------- ----------------------------------------------- ---------------------------------------------------------------
1 NAME OF REPORTING PERSON: Hughes Communications, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 95-3884435
----------------- ---------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
----------------- ---------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------- -------------------------- ------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
----------------- ---------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
----------------- -------------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: California
------------------------- -------- --------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 120,812,175
SHARES
-------- --------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
-------- --------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 120,812,175
REPORTING
-------- --------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
----------------- ---------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 120,812,175
----------------- ---------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
----------------- ---------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 80.7%
----------------- ----------------------------------------------- ---------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
----------------- ----------------------------------------------- ---------------------------------------------------------------
</TABLE>
SEE INSTRUCTIONS BEFORE FILLING OUT!
3
<PAGE>
This Amendment No. 3 amends the statement jointly filed by
General Motors Corporation ("GM") and Hughes Communications, Inc. ("HCI", and
together with GM, the "Reporting Persons") with respect to the shares of common
stock, par value $.01 per share ("Common Stock"), of PanAmSat Corporation (the
"Company).
Item 4. Purpose of Transaction.
----------------------
Item 4 of Schedule 13D is amended as follows:
GM has disclosed that due to the rapid consolidation in the
media and telecommunications industries, it is now considering alternative
strategic transactions involving Hughes Electronics Corporation, a Delaware
corporation and wholly-owned subsidiary of GM ("HEC"), and other participants in
those industries. Any such transaction might involve the separation of HEC
(including HEC's interest in the Company) from GM. In connection with
considering alternative transactions, GM and HEC anticipate reexamining the
desirability of maintaining their present level of direct and indirect
investments in certain businesses, including the Company. This could result in a
disposition or reallocation of some or all of their ownership interests in the
Company or, subject to the terms of the Standstill Restrictions (as defined in
prior amendments to this Schedule 13D), an increase in such ownership. Any
disposition could involve a merger or other transaction structure enabling a
purchaser to acquire all of the equity or assets of the Company. There can be no
assurance that GM will enter into any such strategic transaction involving HEC
or that GM and HEC will enter into any transaction regarding their ownership
interests in the Company. Any transaction involving the acquisition or
disposition of shares of the Company would also depend on general market and
economic conditions affecting the Company, GM's and HEC's views of the prospects
for the Company, the price at which shares of the Company could be acquired or
disposed of and other relevant factors.
Except as discussed above, none of the Reporting Persons
has any present plan or proposal which relates to, or could result in, any of
the events referred to in paragraphs (a) through (j), inclusive, of Item 4 of
Schedule 13D.
Item 7. Materials to be Filed as Exhibits.
---------------------------------
Exhibit 1 Joint Filing Agreement, dated December 20, 2000
4
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL MOTORS CORPORATION
By: Warren G. Andersen
-------------------------------------------
Name: Warren G. Andersen
Title: Attorney and Assistant Secretary
HUGHES COMMUNICATIONS, INC.
By: Patrick T. Doyle
-------------------------------------------
Name: Patrick T. Doyle
Title: Senior Vice President
Date: December 20, 2000
5
<PAGE>
EXHIBIT INDEX
-------------
Exhibit No. Description of Exhibit
----------- ----------------------
Exhibit 1 Joint Filing Agreement, dated December 20, 2000
6
