Sec Form 4 Filing - McGlade David @ Intelsat S.A. - 2020-05-18

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
McGlade David
2. Issuer Name and Ticker or Trading Symbol
Intelsat S.A. [ INTEQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O INTELSAT S.A., 4, RUE ALBERT BORSCHETTE
3. Date of Earliest Transaction (MM/DD/YY)
05/18/2020
(Street)
LUXEMBOURG, N4L-1246
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 05/18/2020 S 464,244 D $ 0.4068 ( 1 ) 275,079 I See footnote ( 2 )
Common Shares 05/19/2020 S 275,082 D $ 0.2603 ( 3 ) 0 I See footnote ( 2 )
Common Shares 05/18/2020 S 453,486 D $ 0.4288 ( 4 ) 0 I See footnote ( 5 )
Common Shares 05/18/2020 S 100,000 D $ 0.4028 ( 6 ) 0 I See footnote ( 7 )
Common Shares 05/19/2020 S 555,717 D $ 0.167 ( 8 ) 0 I See footnote ( 9 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securi ties Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Units ( 10 ) ( 10 ) ( 10 ) Common Shares 9,000 9,000 D
Options (Right to Buy) $ 18 ( 11 ) 02/04/2023 Common Shares 909,990 909,990 D
Options (Right to Buy) $ 4.16 ( 11 ) 02/04/2023 Common Shares 700,000 700,000 D
Options (Right to Buy) $ 3.77 ( 12 ) 02/04/2023 Common Shares 253,622 253,622 D
Options (Right to Buy) $ 3.77 ( 13 ) 05/01/2023 Common Shares 177,000 17,700 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McGlade David
C/O INTELSAT S.A.
4, RUE ALBERT BORSCHETTE
LUXEMBOURG, N4L-1246
X
Signatures
/s/ Sajid Ajmeri, Attorney-in-fact 05/20/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.3900 to $0.4500, inclusive. The reporting person undertakes to provide to Intelsat S.A., any security holder of Intelsat S.A. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
( 2 )These Common Shares are held by the Article 4 Family Trust U/T David McGlade 2009 GRAT.
( 3 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.2010 to $0.3200, inclusive. The reporting person undertakes to provide to Intelsat S.A., any security holder of Intelsat S.A. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
( 4 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.3810 to $0.4519, inclusive. The reporting person undertakes to provide to Intelsat S.A., any security holder of Intelsat S.A. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
( 5 )These Common Shares are held by the David McGlade 2019 Intelsat GRAT 2.
( 6 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.4000 to $0.4064, inclusive. The reporting person undertakes to provide to Intelsat S.A., any security holder of Intelsat S.A. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
( 7 )These Common Shares are held by the David McGlade Revocable Trust.
( 8 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.1500 to $0.2050, inclusive. The reporting person undertakes to provide to Intelsat S.A., any security holder of Intelsat S.A. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
( 9 )These Common Shares are held by McGlade Investments II, LLC. The shares were originally purchased in a private transaction.
( 10 )Each restricted share unit ("RSU") represents a contingent right to receive one Common Share. The full amount of the RSUs will vest on June 13, 2020.
( 11 )The full amount of the options vested on April 18, 2013.
( 12 )The full amount of the options have vested.
( 13 )The options vested in twenty-four (24) equal monthly installments, beginning June 1, 2013.

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