UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Class D Units of Virgin Mobile USA, LLC (1) (2) | Â (3) | Â (3) | Class A Common Stock (1) | 8,963 (4) | $ (4) | D | Â |
Options to Purchase Class D Units (right to buy) (5) | Â (6) | 07/11/2015 | Class A Common Stock (5) | 42,679 (4) | $ 17.45 (4) | D | Â |
Stock Appreciation Rights (7) | Â (7) | 06/01/2012 | Class A Common Stock (7) | 51,215 | $ 17.45 (4) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Messenger David R.J. 10 INDEPENDENCE BLVD, 2ND FLOOR WARREN, NJ 07059 |
 |  |  Chief People Officer |  |
/s/ Nathan Marinoff, Attorney-in-Fact | 10/10/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Exchangeable for shares of Class A Common Stock of Virgin Mobile USA, Inc ("Class A Common Stock") pursuant to the Reorganization and Purchase Agreement, dated as of October 10, 2007, by and among the Company, Virgin Mobile USA, LLC and other parties thereto (the "Reorganization Agreement"). |
(2) | Mr. Messenger's Class D Units of Virgin Mobile USA, LLC ("Class D Units"), consisting of 100 Units, (exchangeable for 8,967 shares of Class A Common Stock pursuant to the Reorganization Agreement) based on the assumed exchange ratio described below, were granted on May 23, 2007 and will vest 25% on May 23, 2008, 25% on May 23, 2009, 25% on May 23, 2010 and 25% on May 23, 2011. |
(3) | Not applicable. |
(4) | Based upon an assumed exchange ratio of 426.79 shares of Class A Common Stock for one LLC Unit. |
(5) | Exchangeable for options to purchase shares of Class A Common Stock pursuant to the Reorganization Agreement. |
(6) | Mr. Messenger's options to purchase Class D Units were granted on July 11, 2005 and vested 50% as of July 11, 2007, will vest 25% on July 11, 2008 and 25% on July 11, 2009. |
(7) | Mr. Messenger's stock Appreciation Rights were granted on June 1, 2006 and will convert as of October 10, 2007 into options to purchase 51,215 shares of Class A Common Stock pursuant to the Reorganization Agreement. They vested 25% as of June 1, 2007, will vest 25% on June 1, 2008, 25% on June 1, 2009 and 25% on June 1, 2010. |
 Remarks: Exhibit 24.1 - Power of Attorney |