-----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, E5MM7W19kmL5MWsSvr1+wrS+O1sGpHP4BZSQXADqKpXiUgsyTWUtOaAM376WTegG mC6IMK3tGzROzGZBo0YGAg== 0000905870-97-000012.txt : 19970222 0000905870-97-000012.hdr.sgml : 19970222 ACCESSION NUMBER: 0000905870-97-000012 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970213 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GEOTEK COMMUNICATIONS INC CENTRAL INDEX KEY: 0000844843 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 222358635 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-40285 FILM NUMBER: 97528745 BUSINESS ADDRESS: STREET 1: 20 CRAIG ROAD CITY: MONTVALE STATE: NJ ZIP: 07645 BUSINESS PHONE: 2019309305 MAIL ADDRESS: STREET 1: 20 CRAIG ROAD CITY: MONTVALE STATE: NJ ZIP: 07465 FORMER COMPANY: FORMER CONFORMED NAME: GEOTEK INDUSTRIES INC DATE OF NAME CHANGE: 19920703 FILED BY: 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: SC 13D 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 SC 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5)* GEOTEK COMMUNICATIONS, INC. (Name of Issuer) Common Stock, $.01 Par Value (Title of Class of Securities) 373654102 (CUSIP Number) Kenneth N. Shelton, Schell Bray Aycock Abel & Livingston, P.L.L.C., Post Office Box 21847, Greensboro, North Carolina 27420, (910) 370-8800 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 1, 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 . Check the following box if a fee is being paid with this statement . (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) 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. *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 the disclosures provided in a prior cover page. The information required in 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. 373654102 1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Vanguard Cellular Systems, Inc. 56-1490590 2) Check the Appropriate Box if a Member of a Group* (a) (b) 3) SEC Use Only 4) Source of Funds* 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 North Carolina Number of Shares Beneficially Owned by Each Reporting Person 7) Sole Voting Power 3,788,449 8) Shared Voting Power 0 9) Sole Dispositive Power 3,788,449 10) Shared Dispositive Power 0 11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,788,449 12) Check box if the Aggregate Amount in Row (11) Excludes Certain Shares* 13) Percent of Class Represented by Amount in Row (11) 6.3 14) Type of Reporting Person* CO Vanguard Cellular Systems, Inc. ("Vanguard") is filing this Amendment No. 5 dated February 12, 1997 ("Amendment No. 5") to the Schedule 13D dated January 7, 1994 (the "Original Schedule 13D"), Amendment No. 1 to the Original Schedule 13D dated February 25, 1994 ("Amendment No. 1"), Amendment No. 2 to the Original Schedule 13D dated April 27, 1995 ("Amendment No. 2"), Amendment No. 3 to the Original Schedule 13D dated June 5, 1995 ("Amendment No. 3") and Amendment No. 4 to the Original Schedule 13D dated September 1, 1995 ("Amendment No. 4") (the documents are sometimes collectively referred to herein as the "Schedule 13D"). Item 1. Security and Issuer The Schedule 13D relates to the common stock, $.01 par value, (the "Common Stock") of Geotek Communications, Inc. (formerly Geotek Industries, Inc.), 20 Craig Road, Montvale, N.J. 07645 (the "Issuer"). Item 2. Identity and Background Vanguard is a North Carolina corporation with its principal office located at 2002 Pisgah Church Road, Suite 300, Greensboro, North Carolina. Its principal business is nonwireline cellular telephone communications. Vanguard has not been convicted in a criminal proceeding during the last five years, nor has it violated any federal or state securitites laws. Item 3. Source and Amount of Funds or Other Consideration Vanguard acquired the Common Stock reported in Item 5(c) of this Amendment No. 5 pursuant to its Management Consulting Agreement with the Issuer entered into on February 23, 1994, as amended in 1995 (the "Management Agreement"). In consideration of the acquisition of said Common Stock, Vanguard provided management consulting services to the Issuer. Item 4. Purpose of Transaction As indicated in Vanguard's Original Schedule 13D relating to the Issuer's Common Stock dated January 7, 1994, and in all subsequent amendments thereto, Vanguard has acquired securities in the Issuer for investment purposes and has no current plans to acquire control of the Issuer. Item 5. Interest in Securities of the Issuer (a) As of the close of business on February 11, 1997, Vanguard may be deemed to be the beneficial owner of 3,788,449 shares of Common Stock. Such 3,788,449 shares constitute 6.3% of the shares of Common Stock outstanding (based on 60,026,630 shares of Common Stock outstanding). (b) Vanguard has sole voting and dispositive power with respect to all the shares referred to in Item 5(a). (c) Vanguard acquired 300,000 shares of Common Stock on February 23, 1996 as annual payment received pursuant to its Management Agreement with the Issuer. On September 1, 1996, options to purchase 5,285,500 shares of Common Stock theretofore held by Vanguard pursuant to its Option Agreement with the Issuer dated as of February 23, 1994 expired, reducing Vanguard's beneficial ownership accordingly. Concurrently with such expiration, the Management Agreement expired by its terms, and Vanguard acquired beneficial ownership of 156,986 shares, the pro rata percentage of the number of shares due Vanguard as annual payment pursuant to the Management Agreement. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer See agreements between Vanguard and the Issuer described in Item 5(c) hereof, Interest in Securities of the Issuer, and Item 4, Purpose of Transaction, in the Original Schedule 13D and all subsequent amendments thereto. Item 7. Material to be filed as Exhibits. *(1) Stock Purchase Agreement by and between Geotek Industries, Inc. and Vanguard Cellular Systems, Inc., dated as of December 29, 1993 filed as Exhibit 1 to Vanguard Schedule 13D dated January 7, 1994. *(2) Loan Agreement between Vanguard and various lenders led by The Bank of New York and The Toronto-Dominion Bank as agents, dated as of April 21, 1993, filed as Exhibit 2(a) to Vanguard's Current Report on Form 8-K dated as of April 21, 1993. *(3) Option Agreement by and between Geotek Communications, Inc. and Vanguard Cellular Systems, Inc. dated as of February 23, 1994 filed as Exhibit 3 to Vanguard Schedule 13D, Amendment No. 1, dated February 25, 1994. *(4) Management Agreement by and between Geotek Communications, Inc. and Vanguard Cellular Systems, Inc. dated as of February 23, 1994 filed as Exhibit 4 to Vanguard Schedule 13D, Amendment No. 1, dated February 25, 1994. *(5) Registration Rights Agreement by and between Geotek Communications, Inc. and Vanguard Cellular Systems, Inc. dated as of February 23, 1994 filed as Exhibit 5 to Vanguard Schedule 13D, Amendment No. 1, dated February 25, 1994. *(6) System Access Agreement by and between Geotek Communications, Inc. and Vanguard Cellular Systems, Inc. dated as of February 23, 1994 filed as Exhibit 6 to Vanguard Schedule 13D, Amendment No. 1, dated February 25, 1994. *(7) Stockholders Voting Agreement dated as of February 23, 1994 filed as Exhibit 7 to Vanguard Schedule 13D, Amendment No. 1, dated February 25, 1994. *(8) First Amendment to Loan Agreement between Vanguard and various lenders led by The Bank of New York and The Toronto-Dominion Bank as agents, dated as of January 31, 1994 filed as Exhibit 8 to Vanguard Schedule 13D, Amendment No. 1, dated February 25, 1994. *(9) Letter dated April 17, 1995 to Mr. Yaron I. Eitan, Chief Executive Officer of Geotek Communications, Inc. from Vanguard Cellular Systems, Inc. and Toronto-Dominion Investments, Inc. filed as Exhibit 9 to Vanguard Schedule 13D, Amendment No. 2, dated April 27, 1995. *(10) Stock Purchase Agreement by and among Geotek Communications, Inc., Vanguard Cellular Systems, Inc. and Toronto-Dominion Investments, Inc. dated as of May 23, 1995 filed as Exhibit 10 to Vanguard Schedule 13D, Amendment No. 3, dated June 5, 1995. *(11) Certificate of Designation of Series L C Cumulative Convertible Preferred Stock of Geotek Communications, Inc. filed as Exhibit 11 to Vanguard Schedule 13D, Amendment No. 3, dated June 5, 1995. *(12) Amendment to Vanguard Option, Management Consulting and Registration Rights Agreements filed as Exhibit 12 to Vanguard Schedule 13D, Amendment No. 3, dated June 5, 1995. * Incorporated by reference Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement, is true, complete and correct. Date: February 12, 1997 VANGUARD CELLULAR SYSTEMS, INC. By: /s/ Richard C. Rowlenson Signature Richard C. Rowlenson, Senior Vice President Name/Title -----END PRIVACY-ENHANCED MESSAGE-----