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 OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

FOX RICHARD P
2. Issuer Name and Ticker or Trading Symbol

ICO Global Communications (Holdings) LTD [ ICOG ]
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)

2300 CARILLON POINT
3. Date of Earliest Transaction (MM/DD/YYYY)

10/8/2010
(Street)

KIRKLAND, WA 98033
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(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
Stock Option (Right to Buy)   $1.66   10/8/2010     A      100000         (1) 10/8/2020   Class A Common Stock   100000     (2) 100000   D    
Stock Option (Right to Buy)   $1.66   10/8/2010     A      50000         (1) 10/8/2020   Class A Common Stock   50000     (3) 50000   D    
Stock Option (Right to Buy)   $1.66   10/8/2010     A      50000         (1) 10/8/2020   Class A Common Stock   50000     (4) 50000   D    
Stock Option (Right to Buy)   $1.66   10/8/2010     A      25000         (1) 10/8/2020   Class A Common Stock   25000     (5) 25000   D    

Explanation of Responses:
( 1)  These options will vest and become exercisable in four equal annual installments beginning with the date the options were granted, with the result that the options become fully vested following four years of service on the Board (subject to accelerated vesting in certain circumstances).
( 2)  Stock option to purchase 100,000 shares of the Issuer's Class A Common Stock granted on October 8, 2010, pursuant to the Issuer's Board Compensation Policy for continued board service, under the 2000 Stock Incentive Plan, as Amended and Restated Effective June 15, 2007.
( 3)  Stock option to purchase 50,000 shares of the Issuer's Class A Common Stock granted on October 8, 2010, pursuant to the Issuer's Board Compensation Policy for continued service as a member of the audit committee, under the 2000 Stock Incentive Plan, as Amended and Restated Effective June 15, 2007.
( 4)  Stock option to purchase 50,000 shares of the Issuer's Class A Common Stock granted on October 8, 2010, pursuant to the Issuer's Board Compensation Policy for continued service as the chair of the audit committee, under the 2000 Stock Incentive Plan, as Amended and Restated Effective June 15, 2007.
( 5)  Stock option to purchase 25,000 shares of the Issuer's Class A Common Stock granted on October 8, 2010, pursuant to the Issuer's Board Compensation Policy for continued service as a member of the compensation committee, under the 2000 Stock Incentive Plan, as Amended and Restated Effective June 15, 2007.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
FOX RICHARD P
2300 CARILLON POINT
KIRKLAND, WA 98033
X



Signatures
/s/ Timothy M. Dozois, attorney-in-fact 10/13/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Ico Global Communications Holdings Limited De (MM) (NASDAQ:ICOG)
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