-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L+1tQrxed5JNdJkyolGJSYcxv87lbn9lo4a0BxxuNksPsFMOVe5BlcAU3Hc/q6PJ 1wQ0s43vPlv67SjvQFDVlQ== 0000950133-02-002354.txt : 20020624 0000950133-02-002354.hdr.sgml : 20020624 20020624170412 ACCESSION NUMBER: 0000950133-02-002354 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020624 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COLTRANE MICHAEL R CENTRAL INDEX KEY: 0001109253 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 68 CABARRUS AVENUE EAST CITY: CONCORD STATE: NC ZIP: 28026 BUSINESS PHONE: 7047222400 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CT COMMUNICATIONS INC /NC CENTRAL INDEX KEY: 0000023259 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 561837282 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41683 FILM NUMBER: 02685650 BUSINESS ADDRESS: STREET 1: 68 CABARRUS AVE EAST STREET 2: P O BOX 227 CITY: CONCORD STATE: NC ZIP: 28025 BUSINESS PHONE: 7047880244 MAIL ADDRESS: STREET 1: 68 CABARRUS AVE EAST STREET 2: PO BOX 227 CITY: CONCORD STATE: NC ZIP: 28025 FORMER COMPANY: FORMER CONFORMED NAME: CONCORD TELEPHONE CO DATE OF NAME CHANGE: 19920703 SC 13D/A 1 w61756sc13dza.txt AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13d-101) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* CT Communications, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 126426 40 2 - -------------------------------------------------------------------------------- (CUSIP Number) Michael R. Coltrane c/o CT Communications, Inc., 1000 Progress Place Northeast, Concord, NC 28025 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 11, 2002 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [ ] * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D - ----------------------------- -------------------------------- CUSIP No. 126426 40 2 Page 2 of 3 Pages - ----------------------------- -------------------------------- - -------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON MICHAEL R. COLTRANE C/O CT COMMUNICATIONS, INC. 1000 PROGRESS PLACE NORTHEAST CONCORD, NC 28025 - -------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] N/A (b) [ ] - -------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF, OO - -------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES OF AMERICA - -------------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER 589,215 NUMBER OF --------------------------------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 773,004 OWNED BY EACH --------------------------------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 589,215 WITH --------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 773,004 - -------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,362,219 - -------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.24% - -------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION - ----------------------------- -------------------------------- CUSIP No. 126426 40 2 Page 3 of 3 Pages - ----------------------------- -------------------------------- This Amendment No. 1 amends the Schedule 13D (the "Original Schedule 13D") filed by Michael R. Coltrane (the "Reporting Person") with the Securities and Exchange Commission on March 12, 2000, relating to the Common Stock of CT Communications, Inc., a North Carolina corporation (the "Company"). Capitalized terms used herein without definition have the meaning set forth in the Original Schedule 13D. Item 5. Interest in Securities of the Issuer Item 5 is hereby amended and restated in its entirety as follows: (a) As of the date of this report, the Reporting Person beneficially owns an aggregate of 1,362,219 shares of Common Stock, which represents approximately 7.24% of the shares of Common Stock outstanding on June 11, 2002. The shares beneficially owned by the Reporting Person include 732,062 shares of Common Stock held by the Schramm Trust, for which the Reporting Person acts as co-trustee and, therefore, is deemed to share voting and dispositive power. (b) The number of shares of Common Stock as to which the Reporting Person has (i) sole power to vote or direct the vote is 589,215 (ii) shared power to vote or direct the vote is 773,004 (iii) sole power to dispose or direct the disposition is 589,215 (iv) shared power to dispose or direct the disposition is 773,004
(c) On June 11, 2002, the Schramm Trust sold an aggregate of 200,000 shares of Common Stock in a private transaction at a price of $13.40 per share. It also sold 2,500 shares on June 12, 2002 and 2,500 shares on June 14, 2002 in open market transactions at a price of $14.30 and $13.80 per share, respectively. The Schramm Trust received all the proceeds from these three sale transactions. (d) As the direct owner of 732,062 shares of Common Stock, the Schramm Trust will receive any dividends from, or the proceeds from any sale of, such shares of Common Stock. As previously discussed in the Original Schedule 13D, the Reporting Person is deemed the beneficial owner of shares of Common Stock owned directly by the Reporting Person's spouse and by grantor retained annuity trusts, for which the Reporting Person is the trustee and a beneficiary. Accordingly, the Reporting Person's spouse and the grantor retained annuity trusts will receive any dividends from, or the proceeds from any sale of, the shares of Common Stock directly owned by them. (e) Not applicable. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 1 to Schedule 13D is true, complete and correct. Date: June 21, 2002 /s/ Michael R. Coltrane - ------------------------ Michael R. Coltrane -----END PRIVACY-ENHANCED MESSAGE-----