UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
American Mobile Satellite Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock $.01 Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
02755R 10 3
----------------------------------------------------
(CUSIP Number)
Ms. Chan Su Shan, Company Secretary, Singapore Telecommunications Limited
31 Exeter Road, Comcentre, Singapore 239732, Republic of Singapore
(011) (65) 838-2201 */
-
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 27, 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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
*/ With a copy to: Richard S. Elliott, Esq., Paul, Weiss, Rifkind, Wharton
& Garrison, 1615 L Street, N.W., Suite 1300, - Washington, DC 20036,
(202) 223-7324.
<PAGE>
SCHEDULE 13D
- ----------------------------- ------------------------------
CUSIP No. 02755R 10 3 Page 2 of Pages
- ----------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Singapore Telecommunications Limited
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Singapore
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 0 shares
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ----------------------------- ------------------------------
CUSIP No. 02755R 10 3 Page 3 of Pages
- ----------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Temasek Holdings (Private) Limited
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Singapore
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 0 shares
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0 shares
------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
- --------------------------------------------------------------------------------
<PAGE>
4
AMENDED SCHEDULE 13D1/
----------------------
Item 3. Source and Amount of Funds or Other Consideration
- ------ -------------------------------------------------
Item 3 is amended by adding the following:
In late January 2000, Singapore Telecom exercised in full the Amended
Warrant and Warrant No. 2 pursuant to cashless exercise provisions in each
Warrant. As a result of such exercise, Singapore Telecom surrendered the Amended
Warrant and Warrant No. 2 and received from the Issuer 472,608 shares of Common
Stock.
Item 5. Interest in Securities of the Issuer
- ------ ------------------------------------
Item 5 is amended in relevant part as follows:
(a) Neither Singapore Telecom nor Temasek beneficially owns any shares of
Common Stock. As noted in Item 2 above, Singapore Telecom is approximately 80%
owned by Temasek.
To the best knowledge of the Reporting Persons, none of the persons
listed in Schedule I or II beneficially owns any shares of Common Stock.
(c) Singapore Telecom has disposed of all of the remaining shares of Common
Stock beneficially owned by it, including the shares of Common Stock received as
a result of Singapore Telecom's cashless exercise of the Amended Warrant and
Warrant No. 2 (as described in Item 3 above). These shares were disposed of by
means of open market sales which, in the aggregate, amounted to over 5% of the
shares of Common Stock outstanding as of December 31, 1999 (based on information
supplied by the Issuer). These sales were as follows:
Date of Transaction Number of Shares Average Price Per Share
- ------------------- ---------------- -----------------------
12/21/99 5,000 $17.25
01/03/00 125,000 $20.89
01/20/00 200,000 $16.02
01/21/00 15,000 $17.00
01/24/00 90,000 $17.00
01/25/00 3,000 $17.00
01/27/00 2,263,922 $15.00 (2/)
(e) On January 27, 2000, Singapore Telecom and Temasek (as the owner of
approximately 80% of the outstanding shares of Singapore Telecom) each ceased to
be the beneficial owner of five percent or more of the outstanding shares of
- -------------------------
1/ Amending the Amended and Restated Schedule 13D dated December 28, 1995.
2/ Net price per share after broker commissions.
<PAGE>
5
Common Stock. The filing of this statement should not, however, be construed as
an admission that Temasek was, prior to such date, the beneficial owner of any
of the shares of Common Stock beneficially owned by Singapore Telecom at such
time.
Item 7. Material to be Filed as Exhibits
- ------ --------------------------------
Exhibit I in Item 7 is amended as follows:
Exhibit I -- Joint Filing Agreement dated February 2, 2000
<PAGE>
6
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
SINGAPORE TELECOMMUNICATIONS LIMITED
By: /s/ Hoh Wing Chee
---------------------------------
Name: Hoh Wing Chee
Title: VP (International Network)
Dated: February 2, 2000
TEMASEK HOLDINGS (PRIVATE) LIMITED
By: /s/ Ong Wen Wendy
---------------------------------
Name: Ong Wen Wendy (Ms.)
Title: Vice President/
Company Secretary
Dated: February 2, 2000
<PAGE>
7
EXHIBIT INDEX
Exhibit I in the Exhibit Index is amended as follows:
Exhibit I Joint Filing Agreement dated February 2, 2000
EXHIBIT I
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf of
each of them of a statement on Schedule 13D dated February 2, 2000 with respect
to the Common Stock, par value $.01 per share, of American Mobile Satellite
Corporation, a Delaware corporation. This Joint Filing Agreement shall be
included as an Exhibit to such joint filing. In evidence thereof each of the
undersigned, being duly authorized, hereby executes this Agreement this 2nd day
of February 2000.
SINGAPORE TELECOMMUNICATIONS LIMITED
By: /s/ Hoh Wing Chee
---------------------------------
Name: Hoh Wing Chee
Title: VP (International Network)
Dated: February 2, 2000
TEMASEK HOLDINGS (PRIVATE) LIMITED
By: /s/ Ong Wen Wendy
---------------------------------
Name: Ong Wen Wendy (Ms.)
Title: Vice President/
Company Secretary
Dated: February 2, 2000
