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FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
- ------ Washington, D.C. 20549 OMB Number 3235-0104
Expires: February 1, 1994
Estimated average burden
hours per response....... 0.5
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
<S> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Date of Event Re- 4. Issuer Name and Ticker or
quiring Statement Trading Symbol
Anderson Ronald D. (Month/Day/Year)
- ----------------------------------------------- Pacific Gateway Exchange, Inc.
(Last) (First) (Middle) March 31, 1997 (NASDAQ/NMS:PGEX)
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c/o Pacific Gateway Exchange, 533 Airport Blvd. 3. IRS or Social Se- 5. Relationship of Reporting 6. If Amendment,
Suite 505 curity Number of Person to Issuer Date of Original
- ------------------------------------------------ Reporting Person (Check all applicable) (Month/Day/Year)
(Street) (Voluntary) ___Director ___10% Owner
_x_Officer (give ___Other (specify
Burlingame California 94010 title below) below)
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(City) (State) (Zip) Senior Vice President
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Table I--Non-Derivative Securities Beneficially Owned
<S> <C> <C> <C>
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Form: Direct Ownership (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
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Common Stock 233,620 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (3/91)
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FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature
(Instr. 4) cisable and Underlying sion or ship
Expiration Derivative Security Exercise Form of
Date (Instr. 4) Price of Deriv-
(Month/Day/ Deri- ative
Year) vative Security:
---------------------------------------------------- Security Direct
Date Expira- Amount (D) or
Exer- tion or Indirect
cisable Date Title Number (I)
of Shares (Instr. 5)
<S> <C> <C> <C> <C> <C> <C>
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Option (Right to Buy) 9/30/96 9/30/00 Common Stock 10,250 $8.50 D 1/
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Option (Right to Buy) 12/31/96 9/30/00 Common Stock 2,562 $8.50 D 1/
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Option (Right to Buy) 3/31/97 9/30/00 Common Stock 2,562 $8.50 D 1/
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Option (Right to Buy) 6/30/97 9/30/00 Common Stock 2,562 $8.50 D 1/
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Option (Right to Buy) 9/30/97 9/30/00 Common Stock 2,562 $8.50 D 1/
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Option (Right to Buy) 12/31/97 9/30/00 Common Stock 2.562 $8.50 D 1/
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Option (Right to Buy) 3/31/98 9/30/00 Common Stock 2,562 $8.50 D 1/
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Option (Right to Buy) 6/30/98 9/30/00 Common Stock 2,562 $8.50 D 1/
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Option (Right to Buy) 9/30/98 9/30/00 Common Stock 2,562 $8.50 D 1/
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Option (Right to Buy) 12/31/98 9/30/00 Common Stock 2,562 $8.50 D 1/
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Option (Right to Buy) 3/31/99 9/30/00 Common Stock 2,562 $8.50 D 1/
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Option (Right to Buy) 6/30/99 9/30/00 Common Stock 2,562 $8.50 D 1/
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Option (Right to Buy) 9/30/99 9/30/00 Common Stock 2,568 $8.50 D 1/
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**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Ronald D. Anderson 4/10/97
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ----------------------- --------
**Signature of Reporting Person Date
1/ Options granted pursuant to the Company's 1995 Stock Option Plan.
Note: File three copies of this Form, one of which must be manually signed. If space provided
is sufficient, See Instruction 6 for procedure.
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SEC 1473 (3/91)
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