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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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. 5)
PANAMSAT CORPORATION
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE 697933-10-9
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(Title of class of securities) (CUSIP number)
LARRY D. HUNTER, ESQ.
CHIEF LEGAL OFFICER
HUGHES COMMUNICATIONS, INC.
200 N. SEPULVEDA BLVD.
EL SEGUNDO, CALIFORNIA 90245
(310) 364-6000
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(Name, address and telephone number of person authorized
to receive notices and communications)
WITH A COPY TO:
FREDERICK S. GREEN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153-0119
(212) 310-8000
DECEMBER 9, 2002
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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 5 Pages)
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CUSIP No. 697933-10-9 13D Page 2
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1 NAME OF REPORTING PERSON: General Motors Corporation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 38-0572515
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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: N/A
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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: Delaware
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NUMBER OF 7 SOLE VOTING POWER: 120,812,175
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- ---------------------------------------------- --------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 120,812,175
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 120,812,175
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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): 80.6%
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14 TYPE OF REPORTING PERSON: CO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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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
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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
--------------- ---------------------------- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
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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: California
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NUMBER OF 7 SOLE VOTING POWER: 120,812,175
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------ --------------------------------------------- -------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 120,812,175
REPORTING
------ --------------------------------------------- -------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
----------------- ----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 120,812,175
----------------- ----------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
----------------- ----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 80.6%
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14 TYPE OF REPORTING PERSON: CO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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This Amendment No. 5 amends the statement jointly filed by General
Motors Corporation ("GM") and Hughes Communications, Inc. ("HCI", and together
with GM, the "Reporting Persons") with respect to the shares of common stock,
par value $.01 per share ("Common Stock"), of PanAmSat Corporation (the
"Company").
The response to Item 4 (Purpose of Transaction) is hereby amended as
follows:
Item 4. Purpose of Transaction.
On December 9, 2002, GM, Hughes Electronics Corporation, a Delaware
corporation and a wholly-owned subsidiary of GM ("Hughes"), and EchoStar
Communications Corporation, a Nevada corporation ("EchoStar"), entered into a
Termination, Settlement and Release Agreement (the "Termination Agreement").
Pursuant to the Termination Agreement, GM, Hughes and EchoStar agreed to
terminate, among other agreements, (i) the Agreement and Plan of Merger, dated
as of October 28, 2001, as amended (the "Merger Agreement"), between Hughes and
EchoStar and (ii) the Stock Purchase Agreement, dated as of October 28, 2001
(the "Stock Purchase Agreement"), among EchoStar, Hughes, HCI, Hughes
Communications Galaxy, Inc. ("HCG") and Hughes Communications Satellite
Services, Inc. ("HCSS"). The Stock Purchase Agreement required EchoStar to,
among other things, purchase the shares of Common Stock of the Company owned by
Hughes and its subsidiaries in the event of termination of the Merger Agreement
for certain specified reasons. As a result of the termination of the Merger
Agreement and the Stock Purchase Agreement, EchoStar will not purchase the
shares of Common Stock of the Company owned by Hughes and its subsidiaries.
None of the Reporting Persons has any present plan or proposal which
relates to, or could result in, any of the events referred to in paragraphs (a)
through (j), inclusive, of Item 4 of Schedule 13D. However, as part of its
strategic planning, management of Hughes from time to time examines its
investment in the Company. Depending on general market and economic conditions
affecting the Company, Hughes' views of the prospects for the Company, the price
at which shares of the Company could be acquired or sold and other relevant
factors, HCI, HCG, HCSS and their respective affiliates from time to time may
seek to acquire additional shares of Common Stock, or dispose of shares of
Common Stock, in open market transactions, private transactions or otherwise.
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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.
GENERAL MOTORS CORPORATION
By: /s/ Warren G. Andersen
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Name: Warren G. Andersen
Title: Assistant General Counsel
and Assistant Secretary
HUGHES COMMUNICATIONS, INC.
By: /s/ Patrick T. Doyle
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Name: Patrick T. Doyle
Title: Senior Vice President
Date: December 23, 2002
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