Tuesday, January 30, 2007
American Honda And XMSR: Form SC 13D/A Filed With The SEC
Form SC 13D/A
XM SATELLITE RADIO HOLDINGS INC - XMSR
Filed: January 30, 2007 (period: )
An amendment to a SC 13D filing
This Amendment No. 11 to Schedule 13D amends or amends and restates, where indicated, the statement on Schedule 13D relating to the Class A Common Stock of the Issuer filed by American Honda with the Securities and Exchange Commission on August 22, 2000, as amended prior hereto (as so amended, the “ Initial Schedule 13D ”). Capitalized terms used in this Amendment No. 11 but not otherwise defined herein have the meanings given to them in the Initial Schedule 13D.
As of January 26, 2007, pursuant to the obligation of American Honda under a forward sale agreement (the “Forward Sale Agreement”) dated May 2005 with Bank of America, N.A. (“ Bank of America ”), American Honda sold $33,249,084 in principal amount as of December 31, 2005 and through maturity of the 10% Convertible Notes (the “ Hedged Notes ”). The Hedged Notes were convertible into 10,455,687 shares of the Issuer’s Class A Common Stock. Under the terms of the Forward Sale Agreement, American Honda received from Bank of America, as payment for the Hedged Notes, a purchase price equal to $27 per share for each of the 10,455,687 shares of the Issuer’s Class A Common Stock underlying the Hedged Notes, or $282,303,549 in aggregate.
American Honda continues to hold approximately 20.4 million shares of the Issuer’s Class A Common Stock, approximately 6.7% of the outstanding Class A Common Stock of Issuer. Under long-term agreements, recently extended to 2016, American Honda factories install XM radios in numerous Honda and Acura models and integrates data services delivered over the XM Satellite Radio system.
Except as otherwise set forth herein, this Amendment No. 11 does not modify any of the information previously reported by American Honda in the Initial Schedule 13D...read more: here
1/30/2007 05:28:00 PM
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