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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
Pacific Gateway Exchange Incorporated
---------------------------------
(Name of Issuer)
Common Stock
---------------------------------
(Title of Class of Securities)
694327107
---------------------------------
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ]Rule 13d-1(b)
[ ]Rule 13d-1(c)
[X]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 the
disclosures provided in a prior 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.
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GENERAL REPORTING RULES
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CUSIP No. 694327107 13G Page 2 of 6 Pages
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(1) Names of Reporting Persons.
S.S. or I.R.S. Identification Nos. of Above Persons.
KDD America, Inc.
13-3522662
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(2) Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
New York
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Number of Shares (5) Sole Voting Power 1,800,000
Beneficially ----------------------------------------------------
owned by (6) Shared Voting Power 0
Each Reporting ----------------------------------------------------
Person With (7) Sole Dispositive Power 1,800,000
----------------------------------------------------
(8) Shared Dispositive Power 0
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,800,000
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
[ ]
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(11) Percent of Class Represented by Amount in Row (9)
9.5%
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(12) Type of Reporting Person
CO
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Page 3 of 6 Pages
Item 1(a) Name of Issuer:
Pacific Gateway Exchange, Inc.
Item 1(b) Address of Issuer's Principal Executive Office:
533 Airport Blvd., Suite 505
Burlingame, CA 94010
Item 2(a) Name of Person Filing:
KDD America, Inc.
Item 2(b) Address of Principal Office:
375 Park Avenue
New York, NY 10152
Item 2(c) Citizenship:
New York
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 Rule 13d-1(b) or
13d-2(b), check whether the person filing is a: Not
Applicable.
(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 of 1940.
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Page 4 of 6 Pages
(e) An investment adviser in accordance with
Section 240.13d-1(b)(1)(ii)(E).
(f) An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F).
(g) A parent holding company or control person in
accordance with Section 240.13d-1(b)(1)(ii)(G).
(h) A savings associations 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 of 1940.
(j) Group, in accordance with
Section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Section 240.13d-1(c),
check this box [ ].
Item 4. Ownership:
(a) Amount Beneficially owned: 1,800,000
(b) Percent of Class: 9.5%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,800,000
(ii) shared power to vote or to direct the vote:
0
(iii) sole power to dispose or to direct the
disposition of: 1,800,000
(iv) shared power to dispose or to direct the
disposition of: 0
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.
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Page 5 of 6 Pages
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. Note of Dissolution of the Group: Not Applicable.
Item 10. Certification: Not Applicable.
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Page 6 of 6 Pages
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.
/s/ Akio Nozaka
-------------------------------
Name: Akio Nozaka
Title: Executive Vice President
Dated: March 23, 1998
