U.S. 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
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1. Name and Address of Reporting Person*
APOLLO INVESTMENT FUND IV, L.P.
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(Last) (First) (Middle)
TWO MANHATTANVILLE ROAD
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(Street)
PURCHASE NY 10577
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
12/23/98
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3. IRS or Social Security Number of Reporting Person, if an Entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
CD RADIO INC. ("CDRD")
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form Filed by One Reporting Person
[_] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
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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. 5)
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<S> <C> <C> <C>
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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).
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SEC 1473 (7-96)
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
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>
Series A Preferred Present 11/15/2011 Common Stock 4,500,000 $30.00 (D)
Stock, par value /1/ /2/
$.001 /1/ /2/
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Series B Preferred
Stock Put (obligation
to buy) /3/ /3/ 9/30/1999 /3/ Common Stock /3/ 2,166,667 /3/ $30.00 (D)
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Explanation of Responses:
/1/ The amount reported relates to 1,350,000 shares of Series A Preferred Stock
of CD Radio Inc. (the "Company") which are convertible into 4,500,000 shares
of Common Stock of the Company. This amount includes 68,731 shares of Series
A Preferred Stock owned by Apollo Overseas Partners IV, L.P. ("Overseas IV,"
and, collectively with the Reporting Person, the "Purchasers") which are
convertible into 229,103 shares of Common Stock.
/2/ Apollo Advisors IV, L.P., the general partner of the Reporting Person, is
also the general partner of Overseas IV. The Reporting Person disclaims
beneficial ownership of all shares of the Company owned by Overseas IV and
this report shall not be deemed an admission that the Reporting Person is
the beneficial owner of, or has any pecuniary interest in, any such
securities for purposes of Section 16 of the Securities Exchange Act of
1934, as amended, or for any other purpose.
/3/ Pursuant to that certain Stock Purchase Agreement, dated as of November 13,
1998, by and among the Company and the Purchasers, the Purchasers have
granted to the Company an option to require the Purchasers to purchase,
subject to certain conditions, including there being no material adverse
changes in or prospectively affecting the business, management or condition,
financial or otherwise, of the Company and its subsidiaries, taken as a
whole, at any time before September 30, 1999, for an aggregate purchase
price of $65,000,000, an aggregate of 650,000 shares of Series B Preferred
Stock, par value $.001, of the Company. If sold to the Purchasers, the
650,000 shares of Series B Preferred Stock would be convertible at any time
into 2,166,667 shares of Common Stock of the Company at any time prior to
November 15, 2011.
APOLLO INVESTMENT FUND IV, L.P.
By: APOLLO ADVISORS IV, L.P., its General Partner
By: APOLLO CAPITAL MANAGEMENT IV, INC., its General Partner
/s/ Michael D. Weiner January 4, 1999
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**Signature of Reporting Person Date
Name: Michael D. Weiner
Title: Vice President
** 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 provided is insufficient, see Instruction 6 for procedure.
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SEC 1473 (7/96)
