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Falcone Philip, et al. – ‘4’ for 3/29/10 re: Skyterra Communications Inc.

On:  Wednesday, 3/31/10, at 7:53pm ET   ·   For:  3/29/10   ·   As:  Officer, 10% Owner and Other   ·   Accession #:  1140361-10-14559   ·   File #:  0-13865

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/31/10  Falcone Philip                    4          O,%Own,Oth  1:20K  Skyterra Communications Inc.      Edgarfilings Ltd.
          Harbinger Capital Partners Master Fund I, Ltd.
          Harbinger Capital Partners Special Situations Fund, L.P.
          Harbinger Capital Partners Special Situations GP, LLC
          Harbinger Holdings, LLC
          Harbinger Capital Partners LLC

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     18K 
                Securities by an Insider -- doc1.xml/3.3


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
XML Data rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 
                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<ownershipDocument>
<schemaVersion> X0303 </schemaVersion>
<documentType> 4 </documentType>
<periodOfReport> 2010-03-29 </periodOfReport>
<notSubjectToSection16> 1 </notSubjectToSection16>
<issuer>
<issuerCik> 0000756502 </issuerCik>
<issuerName> SKYTERRA COMMUNICATIONS INC </issuerName>
<issuerTradingSymbol> SKYT </issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001233563 </rptOwnerCik>
<rptOwnerName> HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD. </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> C/O INTERNATIONAL FUND SERVICES LIMITED </rptOwnerStreet1>
<rptOwnerStreet2> THIRD FL, BISHOP'S SQUARE, REDMOND'S HIL </rptOwnerStreet2>
<rptOwnerCity> DUBLIN </rptOwnerCity>
<rptOwnerState> L2 </rptOwnerState>
<rptOwnerZipCode> 00000 </rptOwnerZipCode>
<rptOwnerStateDescription> IRELAND </rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 1 </isOther>
<officerTitle></officerTitle>
<otherText> Director, Chairman and CEO </otherText>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001457298 </rptOwnerCik>
<rptOwnerName> HARBINGER CAPITAL PARTNERS LLC </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> 450 PARK AVENUE, 30TH FLOOR </rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity> NEW YORK </rptOwnerCity>
<rptOwnerState> NY </rptOwnerState>
<rptOwnerZipCode> 10022 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 0 </isOther>
<officerTitle></officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001371517 </rptOwnerCik>
<rptOwnerName> HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P. </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> 450 PARK AVENUE, 30TH FLOOR </rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity> NEW YORK </rptOwnerCity>
<rptOwnerState> NY </rptOwnerState>
<rptOwnerZipCode> 10022 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 1 </isOther>
<officerTitle></officerTitle>
<otherText> Form filed by More than One Re </otherText>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001371518 </rptOwnerCik>
<rptOwnerName> HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS GP, LLC </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> 450 PARK AVENUE, 30TH FLOOR </rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity> NEW YORK </rptOwnerCity>
<rptOwnerState> NY </rptOwnerState>
<rptOwnerZipCode> 10022 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 1 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 0 </isOther>
<officerTitle> Director, Chairman and CEO </officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001456927 </rptOwnerCik>
<rptOwnerName> HARBINGER HOLDINGS, LLC </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> 450 PARK AVENUE, 30TH FLOOR </rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity> NEW YORK </rptOwnerCity>
<rptOwnerState> NY </rptOwnerState>
<rptOwnerZipCode> 10022 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 0 </isOther>
<officerTitle></officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001233569 </rptOwnerCik>
<rptOwnerName> FALCONE PHILIP </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> 450 PARK AVENUE, 30TH FLOOR </rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity> NEW YORK </rptOwnerCity>
<rptOwnerState> NY </rptOwnerState>
<rptOwnerZipCode> 10022 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 0 </isOfficer>
<isTenPercentOwner> 1 </isTenPercentOwner>
<isOther> 0 </isOther>
<officerTitle></officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable>
<nonDerivativeTransaction>
<securityTitle>
<value> Voting Common Stock, $0.01 par value per share </value>
</securityTitle>
<transactionDate>
<value> 2010-03-29 </value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> J </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
<footnoteId id="F1"/>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 23042077 </value>
</transactionShares>
<transactionPricePerShare>
<value> 5.00 </value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> A </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 0 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
<footnoteId id="F3"/>
<footnoteId id="F5"/>
<footnoteId id="F6"/>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction>
<securityTitle>
<value> Non-Voting Common Stock, $0.01 par value per share </value>
</securityTitle>
<transactionDate>
<value> 2010-03-29 </value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> J </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
<footnoteId id="F2"/>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 22105400 </value>
</transactionShares>
<transactionPricePerShare>
<value> 5.00 </value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> A </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 0 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
<footnoteId id="F3"/>
<footnoteId id="F5"/>
<footnoteId id="F6"/>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
</nonDerivativeTable>
<derivativeTable>
<derivativeTransaction>
<securityTitle>
<value> Warrants </value>
</securityTitle>
<conversionOrExercisePrice>
<value> 0.01 </value>
</conversionOrExercisePrice>
<transactionDate>
<value> 2010-03-29 </value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> J </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
<footnoteId id="F4"/>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 0 </value>
<footnoteId id="F4"/>
</transactionShares>
<transactionPricePerShare>
<footnoteId id="F4"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> A </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<value> 2009-04-01 </value>
</exerciseDate>
<expirationDate>
<value> 2014-01-07 </value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value> Voting Common Stock </value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value> 21250000 </value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 0 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
<footnoteId id="F5"/>
<footnoteId id="F6"/>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
<derivativeTransaction>
<securityTitle>
<value> Warrants </value>
</securityTitle>
<conversionOrExercisePrice>
<value> 10.00 </value>
</conversionOrExercisePrice>
<transactionDate>
<value> 2010-03-29 </value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> J </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
<footnoteId id="F4"/>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 0 </value>
<footnoteId id="F4"/>
</transactionShares>
<transactionPricePerShare>
<footnoteId id="F4"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> A </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<value> 2008-01-07 </value>
</exerciseDate>
<expirationDate>
<value> 2018-01-06 </value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value> Voting Common Stock </value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value> 9144038 </value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 0 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
<footnoteId id="F5"/>
<footnoteId id="F6"/>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
<derivativeTransaction>
<securityTitle>
<value> Warrants </value>
</securityTitle>
<conversionOrExercisePrice>
<value> 0.01 </value>
</conversionOrExercisePrice>
<transactionDate>
<value> 2010-03-29 </value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> J </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
<footnoteId id="F4"/>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 0 </value>
<footnoteId id="F4"/>
</transactionShares>
<transactionPricePerShare>
<footnoteId id="F4"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> A </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<value> 2009-01-07 </value>
</exerciseDate>
<expirationDate>
<value> 2014-01-07 </value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value> Voting Common Stock </value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value> 7500000 </value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 0 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
<footnoteId id="F5"/>
<footnoteId id="F6"/>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes>
<footnote id="F1"> Pursuant to the effectiveness of a merger which was consummated on March 29, 2010, in which Harbinger Capital Partners Master Fund I, Ltd. (the "Master Fund") and Harbinger Capital Partner's Special Situations Fund, L.P. (the "Special Fund"), together with Sol Private Corp., an indirect wholly-owned subsidiary of the Master Fund and the Special Fund (the "Merger Sub"), acquired the Issuer through a merger of the Merger Sub with and into the Issuer (the "Merger"), all shares of the Issuer's Common Stock, par value $0.01 per share ("Common Stock") not previously held by the Master Fund and Special Fund were converted into a right to receive $5.00 in cash, subsequently cancelled and ceased to exist. </footnote>
<footnote id="F2"> Pursuant to the Merger, all shares of the Issuer's Non-Voting Common Stock, par value $0.01 per share ("Non-Voting Common Stock") not previously held by the Master Fund and Special Fund were converted into a right to receive $5.00 in cash, subsequently cancelled and ceased to exist. </footnote>
<footnote id="F3"> Pursuant to the Merger, the Common Stock and Non-Voting Common Stock, including Common Stock and Non-Voting Common Stock held in escrow prior to the Merger, previously held by the Master Fund and Special Fund and deemed to be indirectly beneficially owned by (i) Harbinger Capital Partners LLC ("Harbinger LLC") which serves as the investment manager and investment advisor to the Master Fund; (ii) Harbinger Capital Partners Special Situations GP, LLC ("HCPSS") which serves as the general partner to the Special Fund; (iii) Harbinger Holdings LLC ("Harbinger Holdings") which serves as the manager to Harbinger LLC and the managing member of HCPSS; and (iv) Philip Falcone ("Mr. Falcone") who serves as the managing member of Harbinger Holdings and the portfolio manager of the Master Fund and Special Fund, was cancelled and ceased to exist. </footnote>
<footnote id="F4"> Pursuant to the Merger, all warrants exercisable into either the Issuer's Common Stock and Non-Voting Common Stock previously held by the Master Fund and Special Fund were cancelled and ceased to exist. </footnote>
<footnote id="F5"> Based upon information provided by the Issuer in its recently-filed quarterly report on Form 10-K, there were 49,062,853 Common Stock, which included 1,603,960 shares of restricted stock held by certain officers and directors of the Issuer, and 59,958,499 Non-Voting Common Stock outstanding as of February 22, 2010. </footnote>
<footnote id="F6"> Pursuant to the Merger, in which the outstanding Common Stock and Non-Voting Common Stock of the Issuer was cancelled, the Reporting Persons are no longer deemed to be a beneficial owner of any Common Stock and Non-Voting Common Stock for purposes of Rule 16a-1(a)(1) under the Securities Exchange Act of 1934 (the "Exchange Act"). </footnote>
</footnotes>
<remarks></remarks>
<ownerSignature>
<signatureName> /s/ Philip Falcone, Managing Member, HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD, BY: HARBINGER CAPITAL PARTNERS LLC, BY: HARBINGER HOLDINGS, LLC </signatureName>
<signatureDate> 2010-03-31 </signatureDate>
</ownerSignature>
<ownerSignature>
<signatureName> /s/ Philip Falcone, Managing Member, HARBINGER CAPITAL PARTNERS LLC, BY: HARBINGER HOLDINGS, LLC </signatureName>
<signatureDate> 2010-03-31 </signatureDate>
</ownerSignature>
<ownerSignature>
<signatureName> /s/ Philip Falcone, Managing Member, HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P., BY: HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS GP, LLC, BY: HARBINGER HOLDINGS LLC </signatureName>
<signatureDate> 2010-03-31 </signatureDate>
</ownerSignature>
<ownerSignature>
<signatureName> /s/ Philip Falcone, Managing Member, HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS GP, LLC, BY: HARBINGER HOLDINGS, LLC </signatureName>
<signatureDate> 2010-03-31 </signatureDate>
</ownerSignature>
<ownerSignature>
<signatureName> /s/ Philip Falacone, Managing Member, HARBINGER HOLDINGS, LLC </signatureName>
<signatureDate> 2010-03-31 </signatureDate>
</ownerSignature>
<ownerSignature>
<signatureName> /s/ Philip Falcone/ PHILIP FALCONE </signatureName>
<signatureDate> 2010-03-31 </signatureDate>
</ownerSignature>
</ownershipDocument>


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Filing Submission 0001140361-10-014559   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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