SEC FORM 3 SEC Form 3
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
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
GINN SAM

(Last) (First) (Middle)

(Street)

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/14/2006
3. Issuer Name and Ticker or Trading Symbol
ICO Global Communications (Holdings) LTD [ ICOHA ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
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 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)
Class A Common Stock 91,717 D
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: 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 Option (right to buy) (1) 05/08/2016 Class B Common Stock 200,000 5.55 D
Explanation of Responses:
1. Option vests in four equal annual installments beginning with the vesting commencement date of May 8, 2006 (subject to accelerated vesting in certain circumstances).
Remarks:
John L. Flynn, attorney-in-fact 07/13/2006
** 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 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).
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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POWER OF ATTORNEY



 Know all by these presents, that the undersigned hereby constitutes and appoints

John L. Flynn, the undersigned's true and lawful attorney-in-fact to:



(1) execute for and on behalf of the undersigned, all reports to be filed by the

undersigned pursuant to Section 16(a) of the Securities Exchange Act of 1934, as amended

(the "Exchange Act") and the rules promulgated thereunder (including Forms 3, 4, and 5 and

any successor forms) (the "Section 16 Reports") with respect to the equity securities of ICO

Global Communications (Holdings) Limited (the "Company");



(2) do and perform any and all acts for and on behalf of the undersigned that may be

necessary or desirable to complete and execute any such Section 16 Report, complete and

execute any amendment or amendments thereto, and file such report with the U.S. Securities

and Exchange Commission and any stock exchange or similar authority; and



(3) take any other action of any type whatsoever in connection with the foregoing that, in

the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally

required by, the undersigned, it being understood that the documents executed by such

attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in

such form and shall contain such terms and conditions as such attorney-in-fact may approve

in such attorney-in-fact's discretion.



      The powers granted above may be exercised by such attorney-in-fact on behalf of the

undersigned, and on behalf of the undersigned in any fiduciary or representative capacity in which

the undersigned may be acting.

 The undersigned hereby grants to such attorney-in-fact full power and authority to do and

perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the

exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the

undersigned might or could do if personally present, with full power of substitution or revocation,

hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or

substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights

and powers herein granted.  The undersigned acknowledges that the foregoing attorneys-in-fact, in

serving in such capacity at the request of the undersigned, are not assuming, nor is the Company

assuming, any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act.



 This Power of Attorney shall be effective as of the date set forth below and shall continue in

full force and effect until the undersigned is no longer required to file Section 16 Reports with

respect to the equity securities of the Company, unless earlier revoked by the undersigned in a signed

writing delivered to the foregoing attorneys-in-fact.



 IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed

as of this 6th day of July, 2006.





Signature: /s/ Samuel L. Ginn

Name: Samuel L. Ginn