U.S. Securities and Exchange Commission
Washington, DC 20549
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Schedule 13G
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Under the Securities Exchange Act of 1934
Omnipoint Corporation
(name of issuer)
Common Stock
(title of class of securities)
68212D102
(CUSIP number)
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13G
CUSIP NO. 68212D102
1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Douglas G. Smith
2 CHECK THE APPROPRIATE BOX OF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE IF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
9,564,691
6 SHARED VOTING POWER
31,720
7 SOLE DISPOSITIVE POWER
9,564,691
8 SHARED DISPOSTIVE POWER
31,720
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,533,752
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
20.15%
12 TYPE OF REPORTING PERSON*
IN
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Item 1. (a) Name of Issuer
Omnipoint Corporation
(b) Address of Issuer's Principal Executive Offices
3 Bethesda Metro Center
Suite 400
Bethesda, MD 20814
Item 2. (a) Name of Person Filing
Douglas G. Smith
(b) Address of Principal Business Office or, if none,Residence
3 Bethesda Metro Center
Suite 400
Bethesda, MD 20814
(c) Citizenship
United States
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
68212D102
Item 3. The Reporting Person is not filing this information statement pursuant
to Rule 13d-1(b) or 13d-2(b).
Item 4. Ownership
(a) As of December 31, 1997, the Reporting Person beneficially owns an
aggregate of 10,533,752 shares of Common Stock of Omnipoint Corporation. The
10,533,752 shares include 31,720 shares owned by the Reporting Person's minor
children, 8,158,752 shares held by Avance Capital which is a sole
proprietorship, and 937,341 shares held in a trust. The Reporting Person does
not exercise voting or investment power over, and disclaims beneficial ownership
of, the shares held in the trust. The Reporting Person has voting and investment
power with respect to the other shares.
(b) The 10,533,752 shares of Common Stock beneficially owned by the
Reporting Person constitute 20.15% of the total number of shares outstanding as
of the end of the fiscal year of 1997.
(c) Number of shares as to which such person has: (i) sole power to vote or
to direct the vote: 9,564,691 shares (ii) shared power to vote or to direct the
vote: 31,720 shares (iii) sole power to dispose or to direct the disposition of:
9,564,691 shares (iv) shared power to dispose or to direct the disposition of:
31,720 share
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Item 5. Ownership of Five Percent or Less of a Class
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Avance Capital is a sole proprietorship which holds 8,158,752 shares of
Common Stock of Omnipoint Corporation. The Reporting Person has the voting and
investment power with respect to these securities.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Securities Being Reported on By the Parent Holding Company
N/A
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
N/A
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
hereby certify that the information set forth in this statement is true,
complete and correct.
Dated: February 17, 1998
By: /s/ Douglas G. Smith
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Douglas G. Smith
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