-----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, LNht9sc5Qdl+8SKsFI8THYVxDbFtR/myvmYYn6VHYg6k+/YcOjWZp5PraHgGANyg LSgD/5gr4CECzdBaFN0qJw== 0000950116-00-000876.txt : 20000417 0000950116-00-000876.hdr.sgml : 20000417 ACCESSION NUMBER: 0000950116-00-000876 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000414 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEGASUS COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001015629 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 510374669 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-32668 FILM NUMBER: 602103 BUSINESS ADDRESS: STREET 1: C/O PEGASUS COMMUNICATIONS MANAGEMENT STREET 2: 225 CITY LINE AVENUE SUITE 200 CITY: BALA CYNWYD STATE: PA ZIP: 19087 BUSINESS PHONE: 6103411801 MAIL ADDRESS: STREET 1: 1345 CHESTNUT ST STREET 2: 1345 CHESTNUT ST CITY: PHILADELPHIA STATE: PA ZIP: 19107-3496 FORMER COMPANY: FORMER CONFORMED NAME: PEGASUS COMMUNICATIONS & MEDIA CORP DATE OF NAME CHANGE: 19960530 424B3 1 424B3 Prospectus Supplement No. 1 Filed Pursuant to Rule 424(b)(3) dated April 14, 2000 Registration No. 333-32668 (to Prospectus dated April 6, 2000) Cusip No. 705904 50 6 [GRAPHIC OMITTED] PEGASUS COMMUNICATIONS CORPORATION 3,000,000 Shares of 6 1/2% Series C Convertible Preferred Stock and the Shares of Class A Common Stock Issuable upon Conversion of the Series C Convertible Preferred Stock -------------------------- The following table supplements and amends the information set forth on pages 36 to 41 in the prospectus under Selling Security Holders with respect to certain Series C convertible preferred stock selling security holders and the number of shares of Series C convertible preferred stock beneficially owned by such holders that may be offered and sold pursuant to the prospectus dated April 6, 2000. This prospectus supplement is not complete without, and may not be delivered or utilized except in connection with, the prospectus.
- ------------------------------------------------------------------------------------------------------------------------------- PERCENTAGE OF NUMBER OF SHARES OF SERIES C PERCENTAGE OF SERIES C CONVERTIBLE NUMBER OF SHARES OF CLASS CLASS A COMMON CONVERTIBLE PREFERRED PREFERRED STOCK A COMMON STOCK THAT MAY STOCK NAME STOCK THAT MAY BE SOLD OUTSTANDING BE SOLD (1) OUTSTANDING (2) - ------------------------------------------------------------------------------------------------------------------------------- Forest Alternative Strategies Fund 1,000 * 784 * II LP Series A5I - ------------------------------------------------------------------------------------------------------------------------------- Forest Alternative Strategies Fund 500 * 392 * II LP Series A5M - ------------------------------------------------------------------------------------------------------------------------------- Forest Fulcrum Fund LP 5,500 * 4,313 * - ------------------------------------------------------------------------------------------------------------------------------- Forest Global Convertible Fund 26,500 * 20,783 * Series A5 - ------------------------------------------------------------------------------------------------------------------------------- LLT Limited 3,300 * 2,588 * - ------------------------------------------------------------------------------------------------------------------------------- Mainstay Convertible Fund 45,000 1.5% 35,293 * - ------------------------------------------------------------------------------------------------------------------------------- R2 Investments, LDC 35,000 1.2% 27,540 * - ------------------------------------------------------------------------------------------------------------------------------- Retail Clerks Pension Trust #2 20,000 * 15,686 * - ------------------------------------------------------------------------------------------------------------------------------- Sylvan IMA Ltd. 15,000 * 11,764 * - -------------------------------------------------------------------------------------------------------------------------------
* less than 1% (1) Assumes conversion of all of the holder's Series C convertible preferred stock at a conversion price of $127.50 per share of Class A common stock. However, this conversion price will be subject to adjustment as described under Description of Series C Convertible Preferred Stock--Conversion Rights. As a result, the amount of Class A common stock issuable upon conversion of the notes may increase or decrease in the future. (2) Calculated based on Rule 13d-3(d)(i) of the Exchange Act using 15,977,932 shares of Class A common stock outstanding as of April 13, 2000. In calculating this amount, we treated as outstanding the number of shares of Class A common stock issuable upon conversion of all of that particular holder's Series C convertible preferred stock. However, we did not assume the conversion of any other holder's Series C convertible preferred stock. Because the selling security holders listed above and in the prospectus under the caption Selling Security Holders may, pursuant to the prospectus, as supplemented, offer all or some portion of the Series C convertible preferred stock, no estimate can be given as to the amount of Series C convertible preferred stock that will be held by the selling security holders upon termination of any such sales. Furthermore, the selling security holders identified in the table set forth in the prospectus under the caption Selling Security Holders may have sold, transferred or otherwise disposed of all or a portion of their Series C convertible preferred stock or Class A common stock since the date on which they provided us with information regarding their Series C convertible preferred stock or Class A common stock, and we have not made any independent inquiries as to the foregoing. Unless otherwise noted, all information provided in this prospectus supplement is as of April 13, 2000. -----END PRIVACY-ENHANCED MESSAGE-----