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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>
1. Name and Address of Reporting Person 2. Date of Event Re- 4. Issuer Name and Ticker or
quiring Statement Trading Symbol
Craver Robert F. (Month/Day/Year)
- -------------------------------------------- Pacific Gateway Exchange, Inc. (NASDAQ/NMS:PGEX)
(Last) (First) (Middle) March 31, 1997
-------------- 5. Relationship of Reporting 6. If Amendment,
c/o Pacific Gateway Exchange, 533 Airport Blvd. Person to Issuer Date of Original
Suite 505 (Check all applicable) (Month/Day/Year)
- ----------------------------------------------- ____Director ____10% Owner
(Street) 3. IRS or Social Se- X Officer ____Other
curity Number of ----(give title (specify
Burlingame California 94010 Reporting Person below) below)
- ----------------------------------------------- (Voluntary)
(City) (State) (Zip) Senior Vice President
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Table I-Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Ownership
(Instr. 4) Beneficially Owned Form: Direct (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
<S> <C> <C> <C>
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Common Stock 135,360 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)
1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of
(Instr. 4) cisable and Securities Underlying sion or ship Indirect
Expiration Derivative Security Exercise Form of Beneficial
Date (Instr. 4) Price of Deriv- Ownership
(Month/Day/ Deri- ative (Instr. 5)
Year) vative Security:
----------------------------------------- Security Direct
Date Expir- Amount (D) or
Exer- tion or Indirect
cisable Date Title Number (I)
of Shares Instr. 5)
<S> <C> <C> <C> <C> <C> <C> <C>
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Option (Right to Buy) 9/30/96 9/30/00 Common Stock 8,750 $8.50 D 1/
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Option (Right to Buy) 12/31/96 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 3/31/97 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 5/30/97 9/30/00 Common Stock 2,500 $10.75 D 1/
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Option (Right to Buy) 6/30/97 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 6/30/97 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 9/30/97 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 9/30/97 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 12/31/97 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 12/31/97 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 3/31/98 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 3/31/98 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 6/30/98 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 6/30/98 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 9/30/98 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 9/30/98 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 12/31/98 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 12/31/98 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 3/31/99 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 3/31/99 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 6/30/99 9/30/00 Common Stock 2,187 $8.50 D 1/
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Option (Right to Buy) 6/30/99 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 9/30/99 9/30/00 Common Stock 2,193 $8.50 D 1/
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Option (Right to Buy) 9/30/99 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 12/31/99 9/30/00 Common Stock 625 $10.75 D 1/
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Option (Right to Buy) 3/31/00 9/30/00 Common Stock 625 $10.75 D 1/
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**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Robert F. Craver 4/8/97
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 insufficient,
See Instruction 6 for procedure.
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SEC 1473 (3/91)
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