UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Pacific Gateway Exchange, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
694327107
(Cusip Number)
The remainder of this cover page shall be filled out for a reporting person's
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).
<PAGE>
General Reporting Rules
- --------------------------------------------------------------------------------
Cusip No. 694327107 13G Page 2 of 12 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Ronald L. Jensen
Social Security Number: ###-##-####
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group* (a)
(b) X
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power
Shares --------------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by --------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
Person 2,191,720
With --------------------------------------------------------------
8 Shared Dispositive Power
------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,191,720
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* X
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 11.3%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
<PAGE>
General Reporting Rules
- --------------------------------------------------------------------------------
Cusip No. 694327107 13G Page 3 of 12 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Janet Jensen
Social Security Number: ###-##-####
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group* (a)
(b) X
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power
Shares --------------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by --------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
Person 1,318,820
With --------------------------------------------------------------
8 Shared Dispositive Power
------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,318,820
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 6.8%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
<PAGE>
General Reporting Rules
- --------------------------------------------------------------------------------
Cusip No. 694327107 13G Page 4 of 12 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
James Jensen
Social Security Number: ###-##-####
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group* (a)
(b) X
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power
Shares --------------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by --------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
Person 1,203,820
With --------------------------------------------------------------
8 Shared Dispositive Power
------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,203,820
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 6.2%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
<PAGE>
General Reporting Rules
- --------------------------------------------------------------------------------
Cusip No. 694327107 13G Page 5 of 12 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Jami Jensen
Social Security Number: ###-##-####
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group* (a)
(b) X
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power
Shares --------------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by --------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
Person 1,163,820
With --------------------------------------------------------------
8 Shared Dispositive Power
------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,163,820
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 6.0%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
<PAGE>
General Reporting Rules
- --------------------------------------------------------------------------------
Cusip No. 694327107 13G Page 6 of 12 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Jeffrey Jensen
Social Security Number: ###-##-####
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group* (a)
(b) X
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power
Shares --------------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by --------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
Person 1,203,820
With --------------------------------------------------------------
8 Shared Dispositive Power
------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,203,820
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 6.2%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
<PAGE>
General Reporting Rules
- --------------------------------------------------------------------------------
Cusip No. 694327107 13G Page 7 of 12 Pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Julie Jensen
Social Security Number: ###-##-####
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group* (a)
(b) X
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power
Shares --------------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by --------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting
Person 1,163,820
With --------------------------------------------------------------
8 Shared Dispositive Power
------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,163,820
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9) 6.0%
- --------------------------------------------------------------------------------
12 Type of Reporting Person*
IN
- --------------------------------------------------------------------------------
<PAGE>
Page 8 of 12 Pages
Item 1(a). Name of Issuer: Pacific Gateway Exchange, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
533 Airport Boulevard, Suite 505
Burlingame, California 94010
Item 2(a). Name of Person Filing:
Ronald L. Jensen, Janet Jensen, James Jensen, Jami Jensen, Jeffrey
Jensen, and Julie Jensen are the filing persons and they each
disclaim membership in a group and beneficial ownership of the
shares owned by the others.
Item 2(b). Address of Principal Business Office or, if None, Residence:
4001 McEwen, Suite 200, Dallas, Texas 75244 is the principal
business address for all of the filing persons.
Item 2(c). Citizenship:
Each filing person is a citizen of the United States of America.
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
694327107
Item 3. If this statement is filed pursuant to rules 13d-1(b), or
13d-2(b), check whether the person filing is a: not applicable,
filed pursuant to rule 13d-1(c)
(a) ___Broker or dealer registered under Section 15 of the Act.
(b) ___ Bank as defined in Section 3(a)(6) of the Act.
(c) ___ Insurance Company as defined in Section 3(a)(19) of the
Act.
(d) ___ Investment Company registered under Section 8 of the
Investment Company Act.
(e) ___ Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) ___ Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund; see 13d- 1(b)(1)(ii)(F).
(g) ___ Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G); see Item 7.
(h) ___ Group, in accordance with Rule 13d-a(b)(1)(ii)(H).
<PAGE>
Page 9 of 12 Pages
Item 4. Ownership:
As of December 31, 1996, Ronald L. Jensen, Janet Jensen, James
Jensen, Jami Jensen, Jeffrey Jensen, and Julie Jensen, collectively,
beneficially owned an aggregate of 8,245,820 shares of Common Stock
of Pacific Gateway Exchange, Inc. (the "Company") which represented
approximately 42.4% of the outstanding shares. All such shares have
an irrevocable proxy power that has been granted to Howard
Neckowitz, Chairman of the Board, President and Chief Executive
Officer of the Company. Such proxies held by Mr. Neckowitz expire on
January 1, 1998. Ronald L. Jensen, Janet Jensen, James Jensen, Jami
Jensen, Jeffrey Jensen, and Julie Jensen each disclaim membership in
a group, and their individual share ownership and percentages and
information regarding the manner in which the shares are
beneficially owned are set forth in their respective cover pages.
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company:
Not Applicable.
Item 8. Identification and Classification of Members of the Group:
Not Applicable.
Item 9. Notice of Dissolution of Group:
Not Applicable.
Item 10. Certification:
Not Applicable.
<PAGE>
Page 10 of 12 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
Date: February 13, 1997 /s/Ronald L. Jensen
-------------------
Ronald L. Jensen
Date: February 13, 1997 /s/Janet Jensen
---------------
Janet Jensen
Date: February 13, 1997 /s/James Jensen
---------------
James Jensen
Date: February 13, 1997 /s/Jami Jensen
--------------
Jami Jensen
Date: February 13, 1997 /s/Jeffrey Jensen
-----------------
Jeffrey Jensen
Date: February 13, 1997 /s/Julie Jensen
---------------
Julie Jensen
<PAGE>
Page 11 of 12 Pages
Pacific Gateway Exchange, Inc.
Exhibit Index
Page
Agreement of Joint Filing 12
<PAGE>
Page 12 of 12 Pages
AGREEMENT OF JOINT FILING
Ronald L. Jensen, Janet Jensen, James Jensen, Jami Jensen, Jeffrey Jensen,
and Julie Jensen hereby agree that this Statement on Schedule 13G as well as all
future amendments to such Statement, shall be filed jointly on behalf of each of
them. This agreement is intended to satisfy the requirements of Rule
13d-1(f)(1)(iii) under the Securities Exchange Act of 1934, as amended.
Date: February 13, 1997 /s/Ronald L. Jensen
-------------------
Ronald L. Jensen
Date: February 13, 1997 /s/Janet Jensen
---------------
Janet Jensen
Date: February 13, 1997 /s/James Jensen
---------------
James Jensen
Date: February 13, 1997 /s/Jami Jensen
--------------
Jami Jensen
Date: February 13, 1997 /s/Jeffrey Jensen
-----------------
Jeffrey Jensen
Date: February 13, 1997 /s/Julie Jensen
---------------
Julie Jensen
