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

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
SCHWARZMAN STEPHEN A
   2. Issuer Name and Ticker or Trading Symbol
SIRIUS SATELLITE RADIO INC [SIRI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
,  		3. Date of Earliest Transaction (Month/Day/Year)
06/12/2003
(Street)

,    		4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SCHWARZMAN STEPHEN A


,    		    X    
BLACKSTONE CCC CAPITAL PARTNERS LP


,    		    X    
BLACKSTONE MANAGEMENT ASSOCIATES III LLC


,    		    X    
BLACKSTONE CCC OFFSHORE CAPITAL PARTNERS LP


,    		    X    
PETERSON PETER G


,    		  X   X    

Signatures

 /s/ Chinh E. Chu   06/12/2003
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Blackstone CCC Capital Partners L.P. ("BCP CCC") formerly directly owned 48,533,288 shares of Common Stock. Blackstone Management Associates III L.L.C. ("BMA III") is the sole general partner of BCP CCC. Peter G. Peterson and Stephen A. Schwarzman are the founding members and managing members of BMA III. Therefore, each of BMA III, Peter G. Peterson and Stephen A. Schwarzman may have been deemed to beneficially own the Common Stock owned by BCP CCC.
(2) Blackstone CCC Offshore Capital Partners L.P. ("BCP CCC Offshore") formerly directly owned 8,780,888 shares of Common Stock. BMA III is the sole investment general partner of BCP CCC Offshore. Peter G. Peterson and Stephen A. Schwarzman are the founding members and managing members of BMA III. Therefore, each of BMA III, Peter G. Peterson and Stephen A. Schwarzman may have been deemed to beneficially own the Common Stock owned by BCP CCC Offshore. In addition, Blackstone Family Investment Partnership III L.P. ("BFIP III") directly owns 3,658,351 shares of Common Stock. BMA III is the sole general partner of BFIP III. Peter G. Peterson and Stephen A. Schwarzman are the founding members and managing members of BMA III. Therefore, each of BMA III, Peter G. Peterson and Stephen A. Schwarzman may be deemed to beneficially own the Common Stock owned by BFIP III.
(3) On June 12, 2003, BCP CCC and BCP CCC Offshore made pro rata distributions in kind (the "Distributions") for no consideration of 57,314,176 shares of Common Stock to their respective partners, which include among others, BMA III, Blackstone Capital Commitment Partners III L.P. ("BCCP III") and Blackstone Services (Cayman) III LDC ("BSC III"). See Amendment No. 4 to Schedule 13D filed by the Reporting Persons on June 16, 2003. Following the Distributions, the Reporting Persons beneficially own, in the aggregate, less than 10% of the outstanding shares of Common Stock.
(4) Following the Distributions, BMA III directly owns 529,238 shares of Common Stock. Peter G. Peterson and Stephen A. Schwarzman are founding members and managing members of BMA III. Therefore, each of Peter G. Peterson and Stephen A. Schwarzman may be deemed to beneficially own the Common Stock owned by BMA III.
(5) Following the Distributions, BCCP III directly owns 1,714,691 shares of Common Stock. BMA III is the general partner of BCCP III. Peter G. Peterson and Stephen A. Schwarzman are founding members and managing members of BMA III and BCCP III. Therefore, each of BMA III, Peter G. Peterson and Stephen A. Schwarzman may be deemed to beneficially own the Common Stock owned by BCCP III.
(6) Following the Distributions, BSC III directly owns 43,905 shares of Common Stock. BMA III is an affiliate of BSC III. Peter G. Peterson and Stephen A. Schwarzman are founding members and managing members of BMA III and BSC III. Therefore, each of BMA III, Peter G. Peterson and Stephen A. Schwarzman may be deemed to beneficially own the Common Stock owned by BSC III.
(7) Effective June 13, 2003, Peter G. Peterson, Chairman of Blackstone and its designee on the board of directors of the Issuer, has resigned from the Issuer's board of directors
(8) Information with respect to each of the Reporting Persons is given solely by such Reporting Persons, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Any disclosures made hereunder with respect to persons other than the Reporting Persons are made on information and belief after making appropriate inquiry.
(9) Pursuant to Rule 16a-1(4) promulgated under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons herein states that the following shall not be deemed an admission that he or it is the beneficial owner of any of the securities covered by this Statement. Each of BMA III, Peter G. Peterson and Stephen A. Schwarzman disclaims beneficial ownership of the Common Stock directly owned by BFIP III, BCCP III and BSC III. Each of Peter G. Peterson and Stephen A. Schwarzman disclaims beneficial ownership of the Common Stock owned directly by BMA III.

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