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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
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)*
AMERICAN MOBILE SATELLITE CORPORATION
(Name of Issuer)
COMMON STOCK $0.01 PAR VALUE
(Title of Class of Securities)
02755 R-10-3
(CUSIP Number)
Noah Samara as trustee
of XM Ventures, a Maryland trust
c/o WorldSpace Corporation
2400 N Street, N.W.
Washington, D.C. 20037
Attn: Donald J. Frickel
202-969-6160
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 10, 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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [_]
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* 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 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).
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CUSIP No. 02755 R-10-3 SCHEDULE 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Noah A. Samara as trustee
of XM Ventures, a Maryland trust (EIN: 52 - 6999134)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
MARYLAND
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NUMBER OF 7 SOLE VOTING POWER
4,094,244
SHARES ---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
0
OWNED BY ---------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
4,094,244
REPORTING ---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,094,244
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.44%
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14 TYPE OF REPORTING PERSON*
00
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This Amendment No. 3 to the Schedule 13D dated July 19, 1999 (hereinafter
referred to as the "Schedule 13D"), relating to the common stock of American
Mobile Satellite Corporation, amends and supplements the Schedule 13D.
Capitalized terms used herein have the meanings set forth in the Schedule 13D.
Item 5 Interest in Securities of the Issuer
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Item 5 of the Schedule 13D is hereby amended and supplemented with the
following information:
On January 6, 2000, the Trust sold 25,000 shares of common stock of the
Issuer in a market transaction at a price of $19.0000 per share (inclusive of
commissions). On February 9, 2000, the Trust sold 660,000 shares of common stock
of the Issuer in a market transaction at a price of $21.7817 per share
(inclusive of commissions). On February 10, 2000, the Trust sold an aggregate of
1,000,000 shares of common stock of the Issuer in two market transactions at a
price of $21.8083 per share (inclusive of commissions). On March 10, 2000, the
Trust sold 1,000,000 shares of common stock of the Issuer in a market
transaction at a price of $40.1047 per share (inclusive of commissions).
The purpose of the above transactions was to provide liquidity for the
Trust.
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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.
Date: March 13, 2000
XM VENTURES, a Maryland trust
By: /s/ Noah A. Samara
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Noah A. Samara as trustee
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