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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
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. 9)
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PANAMSAT CORPORATION
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE PER SHARE 697933-10-9
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(Title of class of securities) (CUSIP number)
LARRY D. HUNTER, ESQ.
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EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY
THE DIRECTV GROUP, INC.
2250 EAST IMPERIAL HIGHWAY
EL SEGUNDO, CALIFORNIA 90245
(310) 964-0700
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(Name, address and telephone number of person
authorized to receive notices and communications)
WITH A COPY TO:
MICHAEL E. LUBOWITZ, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153-0119
(212) 310-0808
AUGUST 20, 2004
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(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 Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_].
(Continued on the following pages)
(Page 1 of 7 Pages)
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CUSIP No. 697933-10-9 13D Page 2
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1 NAME OF REPORTING PERSON: The DIRECTV Group, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 52-1106564
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
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3 SEC USE ONLY
------------------------- ------------------------------------------------- ------------------------------------------------------
4 SOURCE OF FUNDS: N/A
------------------------- ---------------------------------------------------------------------------------------------------------
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: Delaware
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------- ------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------- ------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------- ------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
---------------------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
---------------------------- ------------------------------------------------------------------------------------------------------
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
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2
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CUSIP No. 697933-10-9 13D Page 3
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1 NAME OF REPORTING PERSON: Hughes Communications, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 95-3884435
------------------------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
------------------------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------- ------------------------------------------------- ------------------------------------------------------
4 SOURCE OF FUNDS: N/A
------------------------- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: California
---------------------------------------------- ---------- ------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------- ------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------- ------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------- ------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
---------------------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
---------------------------- ------------------------------------------------------------------------------------------------------
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
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3
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CUSIP No. 697933-10-9 13D Page 4
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1 NAME OF REPORTING PERSON: Hughes Communications Galaxy, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 95-3456497
------------------------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
------------------------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------- ------------------------------------------------- ------------------------------------------------------
4 SOURCE OF FUNDS: N/A
------------------------- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: California
---------------------------------------------- ---------- ------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------- ------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------- ------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------- ------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
---------------------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
---------------------------- ------------------------------------------------------------------------------------------------------
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
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4
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CUSIP No. 697933-10-9 13D Page 5
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1 NAME OF REPORTING PERSON: Hughes Communications Satellite Services, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 95-3881942
------------------------- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
------------------------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------- ------------------------------------------------- ------------------------------------------------------
4 SOURCE OF FUNDS: N/A
------------------------- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: California
---------------------------------------------- ---------- ------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------- ------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
---------- ------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------- ------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
---------------------------- ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
---------------------------- ------------------------------------------------------------------------------------------------------
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
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5
This Amendment No. 9 amends the Schedule 13D dated May 27, 1997, as
amended in certain respects by Amendments Nos. 1 through 8 thereto, and is filed
by The DIRECTV Group, Inc. ("The DIRECTV Group"), Hughes Communications, Inc.
("HCI"), Hughes Communications Galaxy, Inc. ("HCG") and Hughes Communications
Satellite Services, Inc. ("HCSS", and, collectively with The DIRECTV Group, HCI
and HCG, the "Reporting Persons") with respect to the shares of common stock,
par value $0.01 per share ("Common Stock"), of PanAmSat Corporation (the
"Company").
As previously disclosed on Schedule 13D, HCG and HCSS are
wholly-owned subsidiaries of HCI. HCI is a wholly-owned subsidiary of Hughes
Telecommunications & Space Company ("HTS"), and HTS is a wholly-owned subsidiary
of The DIRECTV Group.
The responses to Item 4 (Purpose of Transaction) and Item 5 (Interest
in Securities of the Issuer) are hereby amended as follows:
Item 4. Purpose of Transaction.
----------------------
As previously reported, on April 20, 2004, The DIRECTV Group and its
wholly owned subsidiary, PAS Merger Sub, Inc., a Delaware corporation ("PAS
Merger Sub"), entered into a Transaction Agreement (the "Transaction Agreement")
with the Company and Constellation, LLC, a Delaware limited liability company
("Constellation"), which is an entity affiliated with Kohlberg Kravis Roberts &
Co. ("KKR").
Pursuant to the Transaction Agreement, on August 20, 2004, the
Company repurchased 95,724,727.6562 shares of Common Stock from the Reporting
Persons for approximately $21.84 in cash per share. The Reporting Persons'
25,087,447.3438 remaining shares of Common Stock were then purchased by
affiliates of KKR, The Carlyle Group and Providence Equity Partners Inc. for
approximately $21.84 in cash per share. Consequently, the Reporting Persons have
disposed of their entire equity interest in the Company and are no longer the
beneficial owners of any shares of Common Stock of the Company.
Item 5. Interest in Securities of the Issuer.
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(a) The information in Rows (11) through (13) of the cover pages of
this Amendment No. 9 is incorporated herein by reference. As of August 20, 2004,
the Reporting Persons no longer beneficially own any shares of Common Stock.
(b) The information in (i) Rows (7) through (10) of the cover pages
of this Amendment No. 9 and (ii) Item 5(a) hereof is incorporated herein by
reference.
(c) The information set forth in Item 4 of this Amendment No. 9 is
incorporated herein by reference.
(d) Not applicable.
(e) The Reporting Persons ceased to be the beneficial owner of more
than five percent of the Common Stock of the Company on August 20, 2004.
6
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.
THE DIRECTV GROUP, INC.
By: /s/ Larry D. Hunter
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Name: Larry D. Hunter
Title: Executive Vice President, General
Counsel and Secretary
HUGHES COMMUNICATIONS, INC.
By: /s/ Larry D. Hunter
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Name: Larry D. Hunter
Title: Senior Vice President and General
Counsel
HUGHES COMMUNICATIONS GALAXY, INC.
By: /s/ Larry D. Hunter
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Name: Larry D. Hunter
Title: Senior Vice President and General
Counsel
HUGHES COMMUNICATIONS SATELLITE SERVICES, INC.
By: /s/ Larry D. Hunter
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Name: Larry D. Hunter
Title: Senior Vice President and General
Counsel
Date: August 24, 2004
7