---------------------------
OMB APPROVAL
---------------------------
OMB Number: 3235-0287
Expires: December 31, 2001
Estimated average burden
hours per response.... 0.5
---------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
(Print or Type responses)
--------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
WI-LAN, Inc.
--------------------------------------------------------------------------------
(Last) (First) (Middle)
Suite 300, 801 Manning Road
--------------------------------------------------------------------------------
(Street)
Calgary, Alberta Canada T2E 8J5
--------------------------------------------------------------------------------
(City) (State) (Zip)
--------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
Digital Transmission Systems, Inc.
--------------------------------------------------------------------------------
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
--------------------------------------------------------------------------------
4. Statement for Month/Year
6/2000
--------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Year)
================================================================================
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
--------------------------------------------------------------------------------
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
================================================================================
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 6/29/00 C 578,898 A $1.00 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 6/29/00 C 41,371 A $5.25 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 6/29/00 C 190,000 A $1.00 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 6/29/00 C 6,449 A $5.25 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 6/29/00 C 657,559 A $5.90(1) 5,222,436 D
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB NUMBER.
(Over)
SEC 1474 (3/99)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
10% Subordinated
Convertible
Debentures $1.00 6/29/00 C $578,898 Immed. 01/07/03 Common Stock 578,898 $221,102 D
------------------------------------------------------------------------------------------------------------------------------------
Accrued Interest on
10% Subordinated
Convertible
Debentures $5.25 6/29/00 C $217,199 Common Stock 41,371 N/A D
------------------------------------------------------------------------------------------------------------------------------------
10% Subordinated
Convertible
Debentures $1.00 6/29/00 C $190,000 Immed. 9/25/02 Common Stock 190,000 $500,000 D
------------------------------------------------------------------------------------------------------------------------------------
Accrued Interest on
10% Subordinated
Convertible
Debentures $5.25 6/29/00 C $33,856 Common Stock 6,449 N/A D
------------------------------------------------------------------------------------------------------------------------------------
(1)
====================================================================================================================================
</TABLE>
Explanation of Responses:
(1) As described in the Amendment No. 1 to the Statement on Schedule 13D filed
by the filing person with respect to shares of the Common Stock of the issuer
(as amended, the "Statement"), on June 19, 2000, the filing person acquired the
Remaining Merger Consideration (as defined in the Statement) and on August 31,
2000 the filing person acquired the Additional Remaining Merger Consideration
(as defined in the Statement). On June 29, 2000, the filing person converted
$3,879,600 of the Remaining Merger Consideration into 657,559 shares of Common
Stock at an effective conversion price of $5.90 per share. There is currently
$2,220,400 of the Remaining Merger Consideration outstanding and the Additional
Remaining Merger Consideration is also outstanding, each of which may be paid in
cash or shares of Common Stock, however, as it can not be determined if such
outstanding amount will be paid in shares of common stock, pursuant to Rule
16a-1(c) under the Securities and Exchange Act of 1933, as amended, the filing
person is not reporting beneficial ownership with respect to any shares of
Common Stock that may be payable with respect to such outstanding portion of the
Remaining Merger Consideration or Additional Remaining Merger Consideration.
/s/ Peter Kinash November 13, 2000
--------------------------------------------- -----------------------
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
Page 2
