Prospectus Supplement No. 5
(To Prospectus Supplement No. 4 dated March 18,
2010, Prospectus Supplement No. 3 dated December
11, 2009, Prospectus Supplement No. 2 dated April 7,
2009, Prospectus Supplement No. 1 dated January 7,
2009 and Prospectus Supplement dated October 28,
2008 to Prospectus dated July 25, 2008)
Pursuant to Rule 424(b)(7)
Registration File No. 333-152548
Sirius XM Radio Inc.
COMMON STOCK
This prospectus supplement relates to the resale from time to time by selling stockholders of
shares of our common stock that we may issue to them upon the exchange of XM Satellite Radio Inc.s
7% Exchangeable Senior Subordinated Notes due 2014, which we refer to as the notes.
This prospectus supplement, which supplements the prospectus dated July 25, 2008, as
supplemented by the prospectus supplement dated October 28, 2008, the prospectus supplement dated
January 7, 2009, the prospectus supplement dated April 7, 2009, the prospectus supplement dated
December 11, 2009 and the prospectus supplement dated March 18, 2010, contains information about
certain selling stockholders.
Neither the Securities and Exchange Commission nor any state securities commission have
approved or disapproved these securities, or determined if this prospectus supplement or the
accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal
offense.
August 19, 2010.
SELLING STOCKHOLDERS
XM Satellite Radio Inc. (XM Inc.) originally issued the notes to the initial purchasers in
transactions exempt from the registration requirements of the Securities Act. The initial
purchasers resold the notes to persons reasonably believed by the initial purchasers to be
qualified institutional buyers within the meaning of Rule 144A under the Securities Act in
transactions exempt from registration under the Securities Act. The selling stockholders, including
their transferees, pledgees or donees or their successors, may from time to time offer and sell the
shares of our common stock delivered upon the exchange of the notes under this prospectus
supplement pursuant to existing registration rights conferred by the registration rights agreement
dated as of August 1, 2008 among us, XM Inc. and the initial purchasers. Our registration of the
shares of common stock issuable upon exchange of the notes does not necessarily mean that the
selling stockholders will sell all or any of the shares of common stock.
The table of selling stockholders appearing under the caption Selling Stockholders beginning
on page S-8 of the prospectus supplement dated October 28, 2008, and the table of selling
stockholders appearing under the caption Selling Stockholders in prospectus supplement no. 1,
prospectus supplement no. 2, prospectus supplement no. 3 and prospectus supplement no. 4 is hereby
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supplemented by adding the information regarding certain selling stockholders set
forth in the table entitled Additional Selling Stockholders below; and
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amended by replacing the information regarding certain selling stockholders
identified in the table entitled Revised Information Regarding Selling Stockholders
below with the information set forth in such table.
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The following tables set forth certain information as of August 13, 2010 concerning the shares
of common stock that may be offered from time to time by each selling stockholder identified below
pursuant to this prospectus supplement. The information is based on information provided by or on
behalf of the selling stockholders.
Because the selling stockholders may offer all or some portion of the common stock, no
estimate can be given as to the amount of the shares of common stock that will be held by the
selling stockholders upon termination of any sales. Information about the selling stockholders may
change over time. In particular, the selling stockholders identified below may have sold,
transferred or otherwise disposed of all or a portion of their notes or common stock since the date
on which they provided to us information regarding their notes or common stock. Any changed or new
information given to us by the selling stockholders will be set forth in supplements to this
prospectus supplement or amendments to the registration statement of which this prospectus
supplement is a part, if and when necessary.
Except as set forth in the tables, none of the selling stockholders identified below nor any
of their affiliates, officers, directors or principal equity holders (5% or more) has held any
position or office or has had any other material relationship with us or XM Inc. (or our or XM
Inc.s predecessors or affiliates) during the past three years.
S-1
Additional Selling Stockholders
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Percentage of
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Number of Shares of
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Outstanding Shares of
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Shares of Common Stock
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Shares of Common
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Common Stock
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Common Stock
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Beneficially Owned
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Stock That May be
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Beneficially Owned
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Beneficially Owned
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Name
(1)
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Prior to Offering
(2)
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Offered Hereby
(2)
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After Offering
(3)
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After Offering
(3)
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Advent Global Phoenix Convertible
Fund
(4)
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485,333
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485,333
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*
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Alcon Laboratories
(5)
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191,466
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191,466
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*
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Altma Fund SICA P.I.C. in respect of Advent
Convertible Arbitrage Sub-Fund
(INOCAP)
(6)
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149,333
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149,333
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*
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BMW Suzuka Annapurna
(7)
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789,333
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789,333
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*
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British Virgin Islands Social Security
Board
(8)
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108,266
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108,266
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*
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Domestic & Foreign Missionary Society
DFMS
(9)
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54,933
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54,933
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*
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GMIMCO Trust
(10)
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746,666
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746,666
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*
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Grady Hospital Foundation
(11)
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83,199
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83,199
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*
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HFR CA Opportunity Master Trust
(12)
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164,266
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164,266
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*
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New York City MTA
(13)
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309,333
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309,333
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*
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Occidental Petroleum Corporation
(14)
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227,199
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227,199
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Pro Mutual
(15)
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529,599
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529,599
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*
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San Francisco City and County ERS
(16)
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671,999
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671,999
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State of Maryland
(17)
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53,333
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53,333
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*
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(*)
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Less than one percent.
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(1)
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Information concerning other selling stockholders will be set forth in additional supplements
to the prospectus supplement from time to time, if required.
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(2)
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Assumes exchange of all of the selling stockholders notes at an exchange rate of 533.3333
shares of our common stock per $1,000 principal amount of the notes. This exchange rate is
subject to certain adjustments. As a result, the number of shares of common stock issuable
upon exchange of the notes may increase or decrease in the future. Under the terms of the
indenture governing the notes, fractional shares will not be issued upon exchange of the
notes. Cash will be paid instead of fractional shares, if any.
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(3)
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Calculated based on Rule 13d-3(d)(i) of the Exchange Act, using 3,888,667,924 shares of
common stock outstanding as of July 30, 2010 (including 202,399,983 shares of common stock
issued and lent to affiliates of the initial purchasers of the notes in order to facilitate
hedging transactions). In calculating this amount for each stockholder, we treated as
outstanding the number of shares of common stock issuable upon exchange of that stockholders
notes, but we did not assume exchange of any other stockholders notes. The beneficial
ownership in this column assumes that the selling stockholder sells all of the shares offered
by this prospectus supplement issuable upon the exchange of the notes that are beneficially
owned by the selling stockholder as of the date of this prospectus supplement, and that any
other shares of common stock owned by the selling stockholder as of the date of this
prospectus supplement will continue to be beneficially owned by the selling stockholder.
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(4)
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Advent Capital Management, LLC is the investment manager for Advent Global Phoenix
Convertible Fund and has voting control and investment discretion over securities owned by
Advent Global Phoenix Convertible Fund.
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(5)
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Advent Capital Management, LLC is the investment manager for Alcon Laboratories and has
voting control and investment discretion over securities owned by Alcon Laboratories.
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(6)
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Advent Capital Management, LLC is the investment manager for Altma Fund SICA P.I.C. in
respect of Advent Convertible Arbitrage Sub-Fund (INOCAP) and has voting control and
investment discretion over securities owned by Altma Fund SICA P.I.C. in respect of Advent
Convertible Arbitrage Sub-Fund (INOCAP).
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(7)
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Advent Capital Management, LLC is the investment manager for BMW Suzuka Annapurna and has
voting control and investment discretion over securities owned by BMW Suzuka Annapurna.
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(8)
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Advent Capital Management, LLC is the investment manager for British Virgin Islands Social
Security Board and has voting control and investment discretion over securities owned by
British Virgin Islands Social Security Board.
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(9)
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Advent Capital Management, LLC is the investment manager for Domestic & Foreign Missionary
Society DFMS and has voting control and investment discretion over securities owned by
Domestic & Foreign Missionary Society DFMS.
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(10)
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Advent Capital Management, LLC is the investment manager for GMIMCO Trust and has voting
control and investment discretion over securities owned by GMIMCO Trust.
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(11)
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Advent Capital Management, LLC is the investment manager for Grady Hospital Foundation and
has voting control and investment discretion over securities owned by Grady Hospital
Foundation.
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(12)
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Advent Capital Management, LLC is the investment manager for HFR CA Opportunity Master Trust
and has voting control and investment discretion over securities owned by HFR CA Opportunity
Master Trust.
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(13)
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Advent Capital Management, LLC is the investment manager for New York City MTA and has voting
control and investment discretion over securities owned by New York City MTA.
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(14)
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Advent Capital Management, LLC is the investment manager for Occidental Petroleum Corporation
and has voting control and investment discretion over securities owned by Occidental Petroleum
Corporation.
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(15)
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Advent Capital Management, LLC is the investment manager for Pro Mutual and has voting
control and investment discretion over securities owned by Pro Mutual.
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(16)
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Advent Capital Management, LLC is the investment manager for San Francisco City and County
ERS and has voting control and investment discretion over securities owned by San Francisco
City and County ERS.
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(17)
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Advent Capital Management, LLC is the investment manager for State of Maryland and has voting
control and investment discretion over securities owned by State of Maryland.
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S-2
Revised Information Regarding Selling Stockholders
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Percentage of
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Number of Shares of
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Outstanding Shares of
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Shares of Common Stock
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Shares of Common
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Common Stock
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Common Stock
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Beneficially Owned
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Stock That May be
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Beneficially Owned
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Beneficially Owned
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Name
(1)
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Prior to Offering
(2)
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Offered Hereby
(2)
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After Offering
(3)
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After Offering
(3)
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California Health Care
Foundation
(4)
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530,133
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530,133
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*
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Florida Power and Light
(5)
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1,207,999
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1,207,999
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*
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HBK Master Fund L.P.
(6)
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25,346,411
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20,279,998
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5,066,413
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*
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HFR CA Opportunity Master
Trust
(7)
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196,266
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196,266
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*
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Institutional Benchmark Series
Ltd.
(8)
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330,133
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330,133
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*
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MABSTOA
(9)
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124,266
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124,266
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*
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New York City Employees Retirement
System
(10)
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1,125,866
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1,125,866
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*
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New York City Fire Department Pension
Fund
(11)
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294,933
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294,933
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*
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New York City Police Pension
Fund
(12)
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606,399
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606,399
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*
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New York City Teachers Retirement
System
(13)
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787,199
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787,199
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*
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Oyster Global Convertibles
(14)
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719,999
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719,999
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*
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Partners Group Alternative Strategies
PCC Limited Gold Zeta
Cell
(15)
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212,266
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212,266
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*
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State of Alaska
(16)
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426,133
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426,133
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*
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Teachers Retirement System of the City
of New York
(17)
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1,111,466
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1,111,466
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*
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The Advent Convertible Arbitrage
(Cayman) Offshore Fund II
(18)
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985,066
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985,066
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*
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The Advent Convertible Arbitrage Master
Fund
(19)
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3,445,866
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3,445,866
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*
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(*)
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Less than one percent.
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(1)
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Information concerning other selling stockholders will be set forth in additional supplements
to the prospectus supplement from time to time, if required.
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(2)
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Assumes exchange of all of the selling stockholders notes at an exchange rate of 533.3333
shares of our common stock per $1,000 principal amount of the notes. This exchange rate is
subject to certain adjustments. As a result, the number of shares of common stock issuable
upon exchange of the notes may increase or decrease in the future. Under the terms of the
indenture governing the notes, fractional shares will not be issued upon exchange of the
notes. Cash will be paid instead of fractional shares, if any.
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(3)
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Calculated based on Rule 13d-3(d)(i) of the Exchange Act, using 3,888,667,924 shares of
common stock outstanding as of July 30, 2010 (including 202,399,983 shares of common stock
issued and lent to affiliates of the initial purchasers of the notes in order to facilitate
hedging transactions). In calculating this amount for each stockholder, we treated as
outstanding the number of shares of common stock issuable upon exchange of that stockholders
notes, but we did not assume exchange of any other stockholders notes. The beneficial
ownership in this column assumes that the selling stockholder sells all of the shares offered
by this prospectus supplement issuable upon the exchange of the notes that are beneficially
owned by the selling stockholder as of the date of this prospectus supplement, and that any
other shares of common stock owned by the selling stockholder as of the date of this
prospectus supplement will continue to be beneficially owned by the selling stockholder.
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(4)
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Advent Capital Management, LLC is the investment manager for California Health Care
Foundation and has voting control and investment discretion over securities owned by
California Health Care Foundation.
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(5)
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Advent Capital Management, LLC is the investment manager for Florida Power and Light and has
voting control and investment discretion over securities owned by Florida Power and Light.
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(6)
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HBK Investments L.P., a Delaware limited partnership, has shared voting and dispositive power
over the shares pursuant to an Investment Management Agreement between HBK Investments L.P.
and the selling stockholder. HBK Investments L.P. has delegated discretion to vote and dispose
of the shares to HBK Services LLC. The following individuals may be deemed to have control
over HBK Investments L.P.: Jamiel A. Akhtar, Richard L. Booth, David C. Haley and William E.
Rose.
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(7)
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Advent Capital Management, LLC is the investment manager for HFR CA Opportunity Master Trust
and has voting control and investment discretion over securities owned by HFR CA Opportunity
Master Trust.
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(8)
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Advent Capital Management, LLC is the investment manager for Institutional Benchmark Series
Ltd. and has voting control and investment discretion over securities owned by Institutional
Benchmark Series Ltd.
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S-3
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(9)
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Advent Capital Management, LLC is the investment manager for MABSTOA and has voting control
and investment discretion over securities owned by MABSTOA.
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(10)
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Advent Capital Management, LLC is the investment manager for New York City Employees
Retirement System and has voting control and investment discretion over securities owned by
New York City Employees Retirement System.
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(11)
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Advent Capital Management, LLC is the investment manager for New York City Fire Department
Pension Fund and has voting control and investment discretion over securities owned by New
York City Fire Department Pension Fund.
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(12)
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Advent Capital Management, LLC is the investment manager for New York City Police Pension
Fund and has voting control and investment discretion over securities owned by New York City
Police Pension Fund.
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(13)
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Advent Capital Management, LLC is the investment manager for New York City Teachers
Retirement System and has voting control and investment discretion over securities owned by
New York City Teachers Retirement System.
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(14)
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Advent Capital Management, LLC is the investment manager for Oyster Global Convertibles and
has voting control and investment discretion over securities owned by Oyster Global
Convertibles.
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(15)
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Advent Capital Management, LLC is the investment manager for Partners Group Alternative
Strategies PCC Limited Gold Zeta Cell and has voting control and investment discretion over
securities owned by Partners Group Alternative Strategies PCC Limited Gold Zeta Cell.
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(16)
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Advent Capital Management, LLC is the investment manager for State of Alaska and has voting
control and investment discretion over securities owned by State of Alaska.
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(17)
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Advent Capital Management, LLC is the investment manager for Teachers Retirement System of
the City of New York and has voting control and investment discretion over securities owned by
Teachers Retirement System of the City of New York.
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(18)
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Advent Capital Management, LLC is the investment manager for The Advent Convertible Arbitrage
(Cayman) Offshore Fund II and has voting control and investment discretion over securities
owned by The Advent Convertible Arbitrage (Cayman) Offshore Fund II.
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(19)
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Advent Capital Management, LLC is the investment manager for The Advent Convertible Arbitrage
Master Fund and has voting control and investment discretion over securities owned by The
Advent Convertible Arbitrage Master Fund.
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Only selling stockholders identified above, or in previous prospectus supplements, who
beneficially own the shares of common stock may sell such securities under the registration
statement. Prior to any use of this prospectus supplement in connection with an offering of shares
of our common stock by any stockholder not identified above, this prospectus supplement will be
supplemented to set forth the name and other information about the selling stockholder intending to
sell such shares of common stock. The prospectus supplement will also disclose whether any selling
stockholder or any of its affiliates, officers, directors or principal equity holders (5% or more)
has held any position or office or has had any other material relationship with us or XM Inc. (or
our or XM Inc.s predecessors or affiliates) during the past three years.
S-4