-----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, MriGlRwtIvkpGrkYvKXbq9DD28fSbLRwUbq84q1mnBZJLaoaL5aDCGlBaVEOgdYl ueESm8BSg9oqdRf7c0dlXw== 0000950116-96-001117.txt : 19961021 0000950116-96-001117.hdr.sgml : 19961021 ACCESSION NUMBER: 0000950116-96-001117 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19961018 SROS: NONE SUBJECT COMPANY: 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: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-47153 FILM NUMBER: 96645347 BUSINESS ADDRESS: STREET 1: 5 RADNOR CORPORATE CENTER STE 454 STREET 2: 100 MATSONFORD ROAD CITY: RADNOR 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PAGON MARSHALL W CENTRAL INDEX KEY: 0001025356 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O PEGASUS COMMUNICATIONS MANAGEMENT CO STREET 2: 100 MATSONFORD RD #454 5 RANDOR CORP CE CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 6103411801 MAIL ADDRESS: STREET 1: C/O PEGASUS COMMUNICATIONS MANAGEMENT CO STREET 2: 100 MATSONFORD RD SUITE 454 CITY: RANDOR STATE: PA ZIP: 19087 SC 13D 1 ------------------------------------- OMB APPROVAL UNITED STATES ------------------------------------- SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0145 Washington, D.C. 20549 Expires: October 31, 1997 Estimated average burden hours per response..........14.90 ------------------------------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ____) PEGASUS COMMUNICATIONS CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 705904 10 0 - -------------------------------------------------------------------------------- (CUSIP Number) Michael B. Jordan Drinker Biddle & Reath Philadelphia National Bank Building 1345 Chestnut Street Philadelphia, PA 19107 (215) 988-2700 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 8, 1996 - -------------------------------------------------------------------------------- (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(b)(3) or (4), check the following box [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. SCHEDULE 13D
- ---------------------------------------------- ---------------------------------------------- CUSIP No. 705904 10 0 Page 2 of 17 Pages - ---------------------------------------------- ---------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Marshall W. Pagon S.S. No. - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not applicable - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ----------------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON WITH ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 4,581,900 (rights to acquire; see item 5) ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 4,581,900 (rights to acquire; see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,581,900 (see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 50.6% - ----------------------------------------------------------------------------------------------------------------------------- 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. SCHEDULE 13D
- ---------------------------------------------- ---------------------------------------------- CUSIP No. 705904 10 0 Page 3 of 17 Pages - ---------------------------------------------- ---------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Pegasus Communications Holdings, Inc. IRS Identification No. 23-2778524 - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not applicable - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON WITH ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 3,364,552 (rights to acquire; see item 5) ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 3,364,552 (rights to acquire; see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,364,552 (see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.9% - ----------------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -----------------------------------------------------------------------------------------------------------------------------
*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. SCHEDULE 13D
- ---------------------------------------------- ---------------------------------------------- CUSIP No. 705904 10 0 Page 4 of 17 Pages - ---------------------------------------------- ---------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Pegasus Communications Limited Partnership IRS Identification No. 06-1149248 - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not applicable - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - ----------------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON WITH ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 3,364,552 (rights to acquire; see item 5) ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 3,364,552 (rights to acquire; see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,364,552 (see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.9% - ----------------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -----------------------------------------------------------------------------------------------------------------------------
*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. SCHEDULE 13D
- ---------------------------------------------- ---------------------------------------------- CUSIP No. 705904 10 0 Page 5 of 17 Pages - ---------------------------------------------- ---------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Northwest Management Associates, L.P. IRS Identification No. 23-2654154 - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not applicable - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania - ----------------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON WITH ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 3,364,552 (rights to acquire; see item 5) ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 3,364,552 (rights to acquire; see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,364,552 (see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.9% - ----------------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -----------------------------------------------------------------------------------------------------------------------------
*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. SCHEDULE 13D
- ---------------------------------------------- ---------------------------------------------- CUSIP No. 705904 10 0 Page 6 of 17 Pages - ---------------------------------------------- ---------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Pegasus Cable Associates, Ltd. IRS Identification No. 23-2641841 - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not applicable - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania - ----------------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON WITH ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 3,364,552 (rights to acquire; see item 5) ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 3,364,552 (rights to acquire; see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,364,552 (see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.9% - ----------------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -----------------------------------------------------------------------------------------------------------------------------
*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. SCHEDULE 13D
- ---------------------------------------------- ---------------------------------------------- CUSIP No. 705904 10 0 Page 7 of 17 Pages - ---------------------------------------------- ---------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Pegasus Capital, L.P. IRS Identification No. 23-2661759 - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not applicable - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania - ----------------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON WITH ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 1,217,348 (rights to acquire; see item 5) ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,217,348 (rights to acquire; see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,217,348 (see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.4% - ----------------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -----------------------------------------------------------------------------------------------------------------------------
*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. SCHEDULE 13D
- ---------------------------------------------- ---------------------------------------------- CUSIP No. 705904 10 0 Page 8 of 17 Pages - ---------------------------------------------- ---------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Pegasus Capital, Ltd. IRS Identification No. 23-2660588 - ----------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not applicable - ----------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania - ----------------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH -0- REPORTING PERSON WITH ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 1,217,348 (rights to acquire; see item 5) ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,217,348 (rights to acquire; see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,217,348 (see item 5) - ----------------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.4% - ----------------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -----------------------------------------------------------------------------------------------------------------------------
*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. Page 9 of 17 Pages Item 1. Security and Issuer. This statement relates to the Class A common stock, par value $.01 per share (the "Class A Common Stock"), of Pegasus Communications Corporation (the "Issuer"). The Issuer is a Delaware corporation and its principal executive office is c/o Pegasus Communications Management Company, 5 Radnor Corporate Center, Suite 454, 100 Matsonford Road, Radnor, Pennsylvania 19087 (the "Radnor Office"). Item 2. Identity and Background. This statement is being filed by the following (hereinafter referred to collectively as the "Reporting Persons"): (i) Marshall W. Pagon, a citizen of the United States of America (ii) Pegasus Communications Holdings, Inc., a Delaware corporation ("PCH") (iii) Pegasus Communications Limited Partnership, a Connecticut limited partnership ("PCLP") (iv) Northwest Management Associates, L.P., a Pennsylvania limited partnership ("Northwest Management") (v) Pegasus Cable Associates, Ltd., a Pennsylvania corporation ("Pegasus Cable") (vi) Pegasus Capital, L.P., a Pennsylvania limited partnership (vii) Pegasus Capital, Ltd., a Pennsylvania corporation Mr. Pagon has been authorized, pursuant to an agreement among the Reporting Persons identified in (ii) through (vii) above (which agreement is filed as Exhibit 1 to this Schedule 13D), to file this joint statement on behalf of each of them, as permitted by Rule 13d-1(f) under the Securities Exchange Act of 1934. Shares of the Issuer's Class B Common Stock, par value $.01 per share (the "Class B Common Stock") are convertible into shares of Class A Common Stock on a one-for-one basis at any time at the option of the holder. In addition, shares of Class B Common Stock are automatically converted into Class A Common Stock upon transfers to persons who are not Permitted Transferees (as this term is defined in the Issuer's Amended and Restated Page 10 of 17 Pages Certificate of Incorporation). Holders of Class A Common Stock are entitled to one vote per share, and holders of Class B Common Stock are entitled to ten votes per share. Pegasus Capital, L.P. and PCH hold 1,217,348 and 3,364,552 shares, respectively, of the Issuer's Class B Common Stock. Mr. Pagon and Pegasus Capital, Ltd. are deemed to be the beneficial owners of the 1,217,348 shares by virtue of the fact that Mr. Pagon owns 100% of the stock of Pegasus Capital, Ltd. which, in turn, is the sole general partner in Pegasus Capital, L.P. The Issuer is a direct subsidiary of PCH. Mr. Pagon, PCLP, Northwest Management and Pegasus Cable are deemed to be the beneficial owners of the 3,364,552 shares held by PCH by virtue of the fact that Mr. Pagon owns 100% of the stock of Pegasus Cable, which is the sole general partner in Northwest Management, and by virtue of the fact that Northwest Management is the sole general partner in PCLP, which owns all of the outstanding stock of PCH. As a consequence, each of the Reporting Persons may be deemed to be the beneficial owner of more than 5% of the Issuer's Class A Common Stock. Each of the Reporting Persons is engaged, through the Issuer and its subsidiaries, in the media and communications business. The business address for each of the Reporting Persons is the Radnor Office. None of the Reporting Persons has, during the last five years, been convicted of a criminal proceeding (excluding traffic violations or similar misdemeanors) (a "Criminal Conviction") or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws (a "Civil Violation"). Marshall W. Pagon's principal employment is as President, Chief Executive Officer, Chairman of the Board of Directors, and Treasurer of the Issuer. Mr. Pagon also serves as Chief Executive Officer and Director of each of the Issuer's subsidiaries and as President, Chief Executive Officer, Treasurer and Sole Director of each of PCH, Pegasus Cable and Pegasus Capital, Ltd. (the "Corporate Reporting Persons"). In addition to Mr. Pagon, Robert N. Verdecchio (the Issuer's Senior Vice President, Chief Financial Officer and Assistant Secretary), Ted S. Lodge (the Issuer's Senior Vice President, General Counsel, Chief Administrative Officer and Assistant Secretary), Howard E. Verlin (the Issuer's Vice President and Secretary) and Guyon W. Turner (the Issuer's Vice President) serve as executive officers of each of the Corporate Reporting Persons. Messrs. Verdecchio, Lodge, Verlin and Turner are collectively referred to herein as "Executive Officers." The principal business address for each of the Executive Officers is Page 11 of 17 the Radnor Office and each of the Executive Officers is a citizen of the United States. None of the Executive Officers has been subject to a Criminal Conviction or Civil Violation. Item 3. Source and Amount of Funds or Other Consideration. Each of the Reporting Persons acquired beneficial ownership of shares of Class A Common Stock in the following transactions, which occurred concurrently with an initial public offering by the Issuer, completed October 8, 1996 (the "Public Offering"), of 3,000,000 shares of its Class A Common Stock: (a) The Issuer issued 1,400,000 shares of Class B Common Stock to Pegasus Capital, L.P., in exchange for all the stock of a corporation that holds a management agreement with the Issuer's principal subsidiary. Concurrently, Pegasus Capital, L.P. converted 182,652 of those shares into an equal number of shares of Class A Common Stock and transferred them to members of the Issuer's management. (b) The Issuer issued 3,380,435 shares of Class B Common Stock to PCH in exchange for the contribution by PCH to the Issuer of all the outstanding Class A common stock of Pegasus Media & Communications, Inc. (the "PM&C Class A Shares"), formerly the direct subsidiary of Pegasus Communications Holdings, Inc., and currently a direct subsidiary of the Issuer. Concurrently, PCH converted 87,312 of those shares into an equal number of shares of Class A Common Stock and transferred them to members of the Issuer's management. (c) The Issuer issued 71,429 shares of Class B Common Stock to PCH in exchange for the contribution by PCH to the Issuer of all the stock of corporations that hold the FCC licenses and Fox Network affiliation agreement for the Issuer's television station in Portland, Maine. Item 4. Purpose of Transaction. Prior to the Public Offering, the Issuer was a newly created entity without any material assets. In connection with the Public Offering, a number of transactions occurred resulting in the capitalization and reorganization of the Issuer, including these transactions resulting in the Reporting Persons and the Executive Officers beneficially acquiring shares of the Issuer's capital stock. Page 12 of 17 Neither the Reporting Persons nor the Executive Officers have any present plans, or contemplate any present proposals, that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer. (a) As of the date hereof, the Reporting Persons and the Executive Officers may be deemed the beneficial owners in the aggregate of the number and percentage of the Issuer's Class A Common Stock set forth below, based on a total number of shares of common stock of 9,053,337(1): Name Shares of Class A - ---- Common Stock %(2) ------------ ---- Reporting Persons - ----------------- Marshall W. Pagon 4,581,900 50.6% PCH 3,364,552 42.9% PCLP 3,364,552 42.9% Northwest Management 3,364,552 42.9% Pegasus Cable 3,364,552 42.9% Pegasus Capital, L.P. 1,217,348 21.4% Pegasus Capital, Ltd. 1,217,348 21.4% Executive Officers - ------------------ Robert N. Verdecchio 170,903 3.8% Howard E. Verlin 39,321 0.9% Guyon W. Turner 157,143 3.5% Ted S. Lodge 1,500(3) .03% - -------- 1 Consisting of 4,471,437 shares of Class A Common Stock and 4,581,900 shares of Class B Common Stock. 2 The percentage for each Reporting Person is calculated on the assumption that all shares of Class B Common Stock held directly or indirectly by the particular Reporting Person, and only those shares, are converted into Class A Common Stock. 3 Mr. Lodge disclaims beneficial ownership of these shares, which are held by his spouse. Page 13 of 17 (b) Beneficial ownership of shares of Class A Common Stock is based on rights to acquire such shares upon conversion of an equal number of shares of Class B Common Stock. Because Mr. Pagon controls each of the other Reporting Persons, he and the other Reporting Persons share the power to direct the vote and to dispose of the shares of Class A Common Stock beneficially owned by the Reporting Persons. Each of the Executive Officers has sole power to vote and dispose of his shares. (c) The Reporting Persons effected in the last 60 days the transactions described in Item 3. In addition, PCH transferred 82,145 shares of Class A Common Stock to the sellers of the Issuer's Portland, Maine television station and local marketing agreement in exchange for the cancellation of certain series of PCH's preferred stock held by the sellers. (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer Pegasus Capital, L.P. has undertaken certain contractual obligations to Enniskillen Corporation and has agreed, if those obligations are not satisfied by a date certain, to pledge its 1,217,348 shares of Class B Common Stock as security for their later performance. Item 7. Material to be Filed as Exhibits. 1. Agreement Among Joint Filers dated as of October 11, 1996. Page 14 of 17 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: October 18, 1996 PEGASUS COMMUNICATIONS HOLDINGS, INC. By:Marshall W. Pagon -------------------------------- Marshall W. Pagon President PEGASUS COMMUNICATIONS LIMITED PARTNERSHIP By: NORTHWEST MANAGEMENT ASSOCIATES, L.P. General Partner By: PEGASUS CABLE ASSOCIATES, LTD. General Partner By:Marshall W. Pagon -------------------------------- Marshall W. Pagon President NORTHWEST MANAGEMENT ASSOCIATES, L.P. By: PEGASUS CABLE ASSOCIATES, LTD. General Partner By:Marshall W. Pagon -------------------------------- Marshall W. Pagon President PEGASUS CABLE ASSOCIATES, LTD. By:Marshall W. Pagon -------------------------------- Marshall W. Pagon President Page 15 of 17 Pages PEGASUS CAPITAL, L.P. By: PEGASUS CAPITAL, LTD. General Partner By:Marshall W. Pagon -------------------------------- Marshall W. Pagon President PEGASUS CAPITAL, LTD. By:Marshall W. Pagon -------------------------------- Marshall W. Pagon President Marshall W. Pagon - ----------------------------------- Marshall W. Pagon EX-1 2 EXHIBIT 1 Page 16 of 17 Pages Exhibit 1 Agreement Among Joint Filers The undersigned do hereby agree that Marshall W. Pagon has the authority to file a report of beneficial ownership of 5% or more of the common stock of Pegasus Communications Corporation, as required by the Securities Exchange Act of 1934, as amended, on Schedule 13D, on behalf of each of the undersigned. PEGASUS COMMUNICATIONS HOLDINGS, INC. By: /s/ Marshall W. Pagon 10/11/96 ---------------------- ---------- Marshall W. Pagon Date President PEGASUS COMMUNICATIONS LIMITED PARTNERSHIP By: NORTHWEST MANAGEMENT ASSOCIATES, L.P. General Partner By: PEGASUS CABLE ASSOCIATES, LTD. General Partner By: /s/ Marshall W. Pagon 10/11/96 ---------------------- ---------- Marshall W. Pagon Date President NORTHWEST MANAGEMENT ASSOCIATES, L.P. By: PEGASUS CABLE ASSOCIATES, LTD. General Partner By: /s/ Marshall W. Pagon 10/11/96 ---------------------- ---------- Marshall W. Pagon Date President Page 17 of 17 Pages PEGASUS CABLE ASSOCIATES, LTD. By: /s/ Marshall W. Pagon 10/11/96 ---------------------- ---------- Marshall W. Pagon Date President PEGASUS CAPITAL, L.P. By: PEGASUS CAPITAL, LTD. General Partner By: /s/ Marshall W. Pagon 10/11/96 ---------------------- ---------- Marshall W. Pagon Date President PEGASUS CAPITAL, LTD. By: /s/ Marshall W. Pagon 10/11/96 ---------------------- ---------- Marshall W. Pagon Date President -----END PRIVACY-ENHANCED MESSAGE-----