SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549




                                  SCHEDULE 13G
                                 (RULE 13D-102)


             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13D-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13D-2(b)

                           (Amendment No. _________)*

                              GIGABEAM CORPORATION
--------------------------------------------------------------------------------
                                (Name of Issuer)


                         Common Stock, $0.001 par value
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   37517W 10 7
--------------------------------------------------------------------------------
                                 (CUSIP Number)



                                  May 18, 2005
--------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

     [ ]    Rule 13d-1(b)
     [X]    Rule 13d-1(c)
     [ ]    Rule 13d-1(d)

*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 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 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).






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CUSIP NO. 37517W 10 7                13G                PAGE 2 OF 7 PAGES

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--------- ----------------------------------------------------------------------

1         NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

                   Phillips W. Smith Family Trust
--------- ----------------------------------------------------------------------

2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
          (SEE INSTRUCTIONS)                                            (a) [ ]
                                                                        (b) [ ]

--------- ----------------------------------------------------------------------

3         SEC USE ONLY


--------- ----------------------------------------------------------------------

4         CITIZENSHIP OR PLACE OF ORGANIZATION

                   California
-------------------------- ------ ----------------------------------------------

                           5      SOLE VOTING POWER

                                           271,000 Shares
NUMBER OF                  ------ ----------------------------------------------
SHARES
BENEFICIALLY               6      SHARED VOTING POWER
OWNED BY
EACH                                       0
REPORTING                  ------ ----------------------------------------------
PERSON
WITH                       7      SOLE DISPOSITIVE POWER

                                           271,000 Shares
                           ------ ----------------------------------------------

                           8      SHARED DISPOSITIVE POWER

                                           0
--------- ----------------------------------------------------------------------

9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                   271,000 Shares
--------- ----------------------------------------------------------------------

10        CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
          (SEE INSTRUCTIONS)  [ ]

--------- ----------------------------------------------------------------------

11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                   5.59%
--------- ----------------------------------------------------------------------

12        TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
          OO

--------- ----------------------------------------------------------------------



                      *SEE INSTRUCTIONS BEFORE FILLING OUT!




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CUSIP NO. 37517W 10 7                   13G             PAGE 3 OF 7 PAGES

--------------------------------                    ----------------------------



--------- ----------------------------------------------------------------------

1         NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

                   Phillips W. Smith
--------- ----------------------------------------------------------------------

2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
          (SEE INSTRUCTIONS)                                            (a) [ ]
                                                                        (b) [ ]

--------- ----------------------------------------------------------------------

3         SEC USE ONLY

--------- ----------------------------------------------------------------------

4         CITIZENSHIP OR PLACE OF ORGANIZATION

                   United States
-------------------------- ------ ----------------------------------------------

                           5      SOLE VOTING POWER

                                           271,000 Shares
NUMBER OF                  ------ ----------------------------------------------
SHARES
BENEFICIALLY               6      SHARED VOTING POWER
OWNED BY
EACH                                       0
REPORTING                  ------ ----------------------------------------------
PERSON
WITH                       7      SOLE DISPOSITIVE POWER

                                           271,000 Shares
                           ------ ----------------------------------------------

                           8      SHARED DISPOSITIVE POWER

                                           0
--------- ----------------------------------------------------------------------

9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                   271,000 Shares
--------- ----------------------------------------------------------------------

10        CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
          (SEE INSTRUCTIONS)  [ ]


--------- ----------------------------------------------------------------------

11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                   5.59%
--------- ----------------------------------------------------------------------

12        TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

                   IN
--------- ----------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!





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CUSIP NO. 37517W 10 7                   13G             PAGE 4 OF 7 PAGES

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ITEM 1(a).        NAME OF ISSUER:

                  GigaBeam Corporation

ITEM 1(b.)        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  470 Spring Park Place, Suite 900, Herndon, Virginia  20170

ITEM 2(a).        NAME OF PERSONS FILING:

                  Phillips W. Smith ("Smith")

                  Phillips W. Smith Family Trust ("Trust")

ITEM 2(b).        ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

                  The address of the Trust and Smith is 7501 North Ironwood
                  Drive, Paradise Valley, Arizona 85257
                  --------------------------------------------------------------

ITEM 2(c).        CITIZENSHIP:

                  Smith is a United States citizen

ITEM 2(d).        TITLE OF CLASS OF SECURITIES:

                  Common Stock, par value $.001 per share
                  --------------------------------------------------------------

ITEM 2(e).        CUSIP NUMBER:

                  37517W 10 7
                  --------------------------------------------------------------

ITEM 3.           IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B),
                  OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:

       (a) [ ]    Broker or dealer registered under Section 15 of the Exchange
                  Act;

       (b) [ ]    Bank as defined in Section 3(a)(6) of the Exchange Act;

       (c) [ ]    Insurance company as defined in Section 3(a)(19) of the
                  Exchange Act;

       (d) [ ]    Investment company registered under Section 8 of the
                  Investment Company Act;

       (e) [ ]    An investment adviser in accordance with Rule 13d-1(b)(ii)(E);

       (f) [ ]    An employee benefit plan or endowment fund in accordance with
                  Rule 13d-1(b)(1)(ii)(F);

       (g) [ ]    A parent holding company or control person in accordance with
                  Rule 13d-1(b)(ii)(G)

       (h) [ ]    A savings association as defined in Section 3(b) of the
                  Federal Deposit Insurance Act;

       (i) [ ]    A church plan that is excluded from the definition of an
                  investment company under Section 3(c)(14) of the Investment
                  Company Act;

       (j) [ ]    Group, in accordance with Rule 13d-1(b)(1)(ii)(J).




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CUSIP NO. 37517W 10 7                   13G             PAGE 5 OF 7 PAGES

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ITEM 4.      OWNERSHIP

         Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

         (a) Amount beneficially owned:

                  Smith beneficially owns 271,000 shares of Common Stock, of
         which:

                  (i)      200,000 shares are owned by the Trust, of which he is
                           a trustee;

                  (ii)     71,000 shares are issuable to the Trust upon exercise
                           of private warrants issued to it by the Company in a
                           private placement in May 2005 ("May 2005 Private
                           Placement").

         (b)      Percent of Class:

                   5.59%

         (c)      Number of shares as to which such person has: (i) Sole power
                  to vote or to direct the vote: 271,000 shares of common stock

                  (ii)     Shared power to vote or to direct the vote: 0 shares
                           of common stock

                  (iii)    Sole power to dispose or to direct the disposition
                           of: 271,000 shares of common stock

                  (iv)     Shared power to dispose or to direct the disposition
                           of: 0 shares of common stock


         Instruction: For computations regarding securities which represent a
right to acquire an underlying security see Rule 13d-3(d)(1).

ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

         If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [ ]

ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

         None.

ITEM 7.  IDENTIFICATION  AND  CLASSIFICATION  OF THE SUBSIDIARY WHICH ACQUIRED
         THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
         PERSON.

         None.

ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

         None.

ITEM 9.  NOTICE OF DISSOLUTION OF GROUP.

         None.


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CUSIP NO. 37517W 10 7                   13G             PAGE 6 OF 7 PAGES

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ITEM 10. CERTIFICATIONS.

         By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.




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CUSIP NO. 37517W 10 7               13G                 PAGE 7 OF 7 PAGES

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                                    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.


Dated: June 3, 2005


                                       /s/ Phillips W. Smith
                                       ------------------------------------
                                       Phillips W. Smith