------------------------------
OMB APPROVAL
------------------------------
OMB Number
Expires:
Estimated average burden
hours per response ....... 0.5
------------------------------
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
(Print or Type Response)
- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
Apollo Investment Fund IV, L.P.
(see attached)
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
Two Manhattanville Road
- --------------------------------------------------------------------------------
(Street)
Purchase NY 10577
- --------------------------------------------------------------------------------
(City) (State) (Zip)
- --------------------------------------------------------------------------------
2. Date of Event Requiring Statement (Month/Day/Year)
12/23/98
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
- --------------------------------------------------------------------------------
4. Issuer Name and Ticker or Trading Symbol
CD Radio Inc. ("CDRD")
- --------------------------------------------------------------------------------
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
- --------------------------------------------------------------------------------
6. If Amendment, Date of Original (Month/Day/Year)
1/4/99
- --------------------------------------------------------------------------------
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 Beneficially Owned
================================================================================
<TABLE>
<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)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
Page 1 of 4
(Form 3-07/98)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned (e.g., puts,
calls, warrants, options, convertible securities)
================================================================================
<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)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Series A Preferred
Stock, par value
$.001 1/ 2/ Present 11/15/11 Common Stock 4,500,000 1/ 2/ $30.00 (D)
- ------------------------------------------------------------------------------------------------------------------------------------
Series B Preferred
Stock Put (obligation
to buy) 3/ 3/ 9/30/99 3/ Common Stock 3/ 2,166,667 3/ $30.00 (D)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
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") which are convertible into 229,103
shares of Common Stock.
2/ Apollo Advisors IV, L.P. ("Advisors), the managing general partner of
Apollo Investment Fund IV, L.P. ("AIF IV"), is also the managing general
partner of Overseas IV. Apollo Capital Management IV, Inc. ("Capital
Management IV") is the general partner of Advisors IV. Leon D. Black and
John J. Hannan are the directors and principal executive officers of
Capital Management IV. Apollo Management IV, L.P. ("Management IV")
serves as manager to AIF IV and to Overseas IV. AIF IV Management, Inc.,
("AIF IV Management") is the general partner of Management IV. Each of
Advisors, AIF IV, Overseas IV, Capital Management IV, Management IV, AIF IV
Management and Messrs. Black and Hannan and their respective affiliates
disclaims beneficial ownership of all shares of the Company in excess of
their respective pecuniary interests, if any, and this report shall not
be deemed an admission that any such person or entity is the beneficial
owner of, or has any pecuniary interest in, any such securities for the
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 AIF IV and Overseas IV
(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 November 9, 1999
------------------------------- --------------------
**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.
Page 2 of 4
<PAGE>
Joint Filer Information
Name: Apollo Overseas Partners IV, L.P.
Address: c/o Apollo Advisors IV, L.P.
Two Manhattanville Road
Purchase, New York 10577
Designated Filer: Apollo Investment Fund IV, L.P.
Issuer & Ticker Symbol CD Radio, Inc. ("CDRD")
Date of Event Requiring Statement: 12/23/98
Signature: APOLLO OVERSEAS PARTNERS IV, L.P.
By: Apollo Advisors IV, L.P., general partner
By: Apollo Capital Management IV, Inc., general partner
By: /s/ Michael D. Weiner
--------------------------------
Name: Michael D. Weiner
Title: Vice President
Page 3 of 4
<PAGE>
Joint Filer Information
Name: Apollo Advisors IV, L.P.
Address: Two Manhattanville Road
Purchase, New York 10577
Designated Filer: Apollo Investment Fund IV, L.P.
Issuer & Ticker Symbol CD Radio, Inc. ("CDRD")
Date of Event Requiring Statement: 12/23/98
Signature: APOLLO ADVISORS IV, L.P.
By: Apollo Capital Management IV, Inc., general partner
By: /s/ Michael D. Weiner
--------------------------------
Name: Michael D. Weiner
Title: Vice President
Page 4 of 4
