Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Antonovich Michael
2. Date of Event Requiring Statement (Month/Day/Year)
09/21/2005
3. Issuer Name and Ticker or Trading Symbol
PanAmSat Holding CORP [PA]
(Last)
(First)
(Middle)
C/O PANAMSAT HOLDING CORPORATION, 20 WESTPORT RD.
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec VP Global Sales
5. If Amendment, Date Original Filed(Month/Day/Year)
03/16/2005
(Street)

WILTON, CT 06897
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.01 per share 13,169
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock options   (1) 10/11/2014 Common Stock, par value $0.01 per share 26,399 $ 4.21 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Antonovich Michael
C/O PANAMSAT HOLDING CORPORATION
20 WESTPORT RD.
WILTON, CT 06897
      Exec VP Global Sales  

Signatures

Michael Antonovich 10/03/2005
**Signature of Reporting Person Date

Explanation of Responses:

* 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) Mr. Antonovich directly holds a total of 26,339 options to purchase shares of common stock of the Issuer, none of which are currently exercisable. 15,803 of Mr. Antonovich's options are scheduled to become exercisable in equal amounts on January 1, 2006, 2007, 2008, 2009 and 2010, assuming that certain performance targets are met, at an exercise price of $4.21 per share and will expire on October 11, 2014 and 10,536 options are scheduled to become exercisable in equal amounts on October 11, 2005, 2006, 2007, 2008 and 2009, at an exercise price of $4.21 per share and will expire on October 11, 2014.

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