-----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, Rs6M+gnipq7mOiaexSnweBptyFQAij2XIIDwg9jT+PsTdkFx1/LZhcNaRP6iX6RV sAxjXbJXjHT6TtNmIU2VmQ== 0000898822-98-000952.txt : 19981014 0000898822-98-000952.hdr.sgml : 19981014 ACCESSION NUMBER: 0000898822-98-000952 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981002 FILED AS OF DATE: 19981013 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD CELLULAR SYSTEMS INC CENTRAL INDEX KEY: 0000771178 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 561549590 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: SEC FILE NUMBER: 000-16560 FILM NUMBER: 98724889 BUSINESS ADDRESS: STREET 1: 2002 PISGAH CHURCH RD STE 300 CITY: GREENSBORO STATE: NC ZIP: 27455 BUSINESS PHONE: 9192823690 MAIL ADDRESS: STREET 2: 2002 PISGAH CHURCH RD STE 300 CITY: GREENSBORO STATE: NC ZIP: 27455 COMPANY DATA: COMPANY CONFORMED NAME: AT&T CORP CENTRAL INDEX KEY: 0000005907 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] OWNER IRS NUMBER: 134924710 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: 32 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2123875400 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN TELEPHONE & TELEGRAPH CO DATE OF NAME CHANGE: 19920703 3 1 INITIAL STATE/BENEFICIAL OWNERSHIP OF SECURITIES U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ================================================================================ 1. Name and Address of Reporting Person AT&T Corp. - -------------------------------------------------------------------------------- (Last) (First) (Middle) 32 Avenue of the Americas - -------------------------------------------------------------------------------- (Street) New York New York 10013-2412 - -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Date of Event Requiring Statement (Month/Day/Year) October 2, 1998 ================================================================================ 3. IRS Identification Number of Reporting Person (if an entity) 13-4924710 ================================================================================ 4. Issuer Name and Ticker or Trading Symbol Vanguard Cellular Systems, Inc. (Symbol: VCELA) ================================================================================ 5. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ X ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) ================================================================================ 6. If Amendment, Date of Original (Month/Day/Year) ================================================================================ 7. Individual or Joint/Group Filing (Check applicable line) [ X ] Form Filed by One Reporting Person [ ] Form Filed by More than One Reporting Person ================================================================================ Table I -- Non-Derivative Securities Beneficially Owned ================================================================================
3. Ownership Form: 2. Amount of Securities Direct (D) or 1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr.5) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) Page 1 of 4 FORM 3 (Continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
5. Owner- 3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date --------------------------------- 4. Conver- Security: (Month/Day/Year) Amount sion or Direct 6. Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1. Title of Derivative Exer- tion of Derivative (I) Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ Option (contingent (see (see Common Stock 12,334,236 generally D right to buy)(see attached) attached) $23.00 per attached) share (see attached) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: (See attached) (See attached) - --------------------------------------------- ----------------------- Signature of Reporting Person Date Page 2 of 4 FORM 3 CONTINUATION SHEET EXPLANATION OF RESPONSE This Initial Statement of Beneficial Ownership on Form 3 (this "Form") is filed by AT&T Corp., a New York corporation ("AT&T"). On October 2, 1998, AT&T, Winston, Inc., a wholly owned subsidiary of AT&T ("Merger Sub"), and Vanguard Cellular Systems, Inc. ("Vanguard") entered into an Agreement and Plan of Merger (the "Merger Agreement") providing for, among other things, the merger of Vanguard with and into Merger Sub (the "Merger"). In connection with the Merger Agreement, AT&T and Vanguard entered into an Option Agreement (the "Vanguard Option Agreement"), dated as of October 2, 1998, under which Vanguard granted AT&T an option (the "Vanguard Option") to purchase up to 7,319,000 shares of Common Stock, par value $.01 per share, of Vanguard ("Vanguard Common Stock"), representing 19.9% of the issued and outstanding Vanguard Common Stock, at an exercise price of $23.00 per share, subject to certain customary anti-dilution adjustments. Also in connection with the Merger Agreement, AT&T entered into Voting Agreements (the "Voting Agreements"), dated as of October 2, 1998, with L. Richardson Preyer, Jr., Haynes G. Griffin, Stephen R. Leeolou, Piedmont Associates Limited, Stuart S. Richardson, and the Smith Richardson Foundation, respectively (collectively, the "Vanguard Stockholders") under which each of the Vanguard Stockholders granted AT&T an option (collectively, the "Stockholders' Options") to purchase such Vanguard Stockholder's shares (collectively, 5,015,236 shares) of Vanguard Common Stock at an exercise price, generally, of $23.00 per share. Except in certain limited circumstances, AT&T may not exercise either the Vanguard Option or the Stockholders Option until a termination of the Merger Agreement pursuant to certain of the termination provisions contained therein. Prior to the Vanguard Option and the Stockholders' Options becoming exercisable and being exercised, AT&T expressly disclaims beneficial ownership of the shares of Vanguard Common Stock which are purchasable by AT&T thereunder. Neither the filing of this Form nor any of its contents shall be deemed to constitute an admission that AT&T is the beneficial owner of the shares of Vanguard Common Stock subject to the Vanguard Option and the Stockholders' Options for purposes of Section 13(d) or 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose and such beneficial ownership is expressly disclaimed. The foregoing summaries of the Vanguard Option Agreement and the Voting Agreements are qualified in their entirety by reference to such agreements, which have been filed as exhibits to AT&T's Schedule 13D filed with respect to Vanguard on the date hereof. 3 of 4 SIGNATURES OF REPORTING PERSONS Dated: October 13, 1998. AT&T CORP. By: /s/ Robert S. Feit Name: Robert S. Feit Title: Authorized Signatory 4 of 4 -----END PRIVACY-ENHANCED MESSAGE-----