BCE INC — Director's Dealing 2007

Mar 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOTIENT CORP (MNCP)
CIK: 0000913665
Period of Report: 2007-03-07

Reporting Person: BCE INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-07	Common Stock	X	9031213	—	Acquired	9031213	Direct
2007-03-07	Common Stock	S	4500000	$8.15	Disposed	4531213	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-07	Option to acquire	$	X	9031213	Disposed	2007-01-15	Common Stock (9031213)	Direct

Footnotes

F1: TMI Communications Delaware, Limited Partnership ("TMI Delaware") had a contractual right to exchange 5,073,715 shares of
common stock of TerreStar Networks, Inc and 1,887,133.89202 shares of common stock of TerreStar Global Ltd. (formerly known
as TerreStar Networks Bermuda Ltd.) (collectively, the "TerreStar Shares") for 9,031,213 shares (the "Initial Motient
Shares") of common stock of Motient Corporation ("Motient"). On January 5, 2007 those rights to exchange were transferred
to BCE Inc. ("BCE"), then the parent of TMI Delaware. On January 15, 2007, BCE gave notice that it would be acquiring the
Initial Motient Shares pursuant to those rights to exchange. On March 7, 2008 the parties definitively scheduled a closing
for that exchange and BCE agreed to sell 4,500,000 of the Initial Motient Shares. On March 8, 2007, BCE exchanged the
TerreStar Shares for the Initial Motient Shares and sold 4,500,000 of those shares.

F2: The option to acquire was exercised on January 15, 2007 but the parties did not schedule a closing date until March 7, 2007.