U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response.....0.5
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
________________________________________________________________________________
1. Name and Address of Reporting Person*
Wi-LAN Inc.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
Suite 300, 801 Manning Road N.E.
- --------------------------------------------------------------------------------
(Street)
Calgary, Alberta Canada T2E 8J8
- --------------------------------------------------------------------------------
(City) (State) (Zip)
________________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)
01/07/2000
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
Digital Transmission Systems, Inc. (DTSX)
________________________________________________________________________________
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
________________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[_] Form Filed by One Reporting Person
[_] Form Filed by More than One Reporting Person
================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock 3,048,159 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
5(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 1473 (3-99)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
10% Subordinated
Convertible Debentures Immed. 01/07/03 Common Stock 400,000(2) $1.00 D
- ------------------------------------------------------------------------------------------------------------------------------------
11.5% Subordinated
Convertible Debentures Immed. 09/25/02 Common Stock 690,000(2) $1.00 D
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Stock Option Series A
(1) Immed. 01/07/02 Preferred Stock 1,314,333 $1.00 D
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Purchase Warrants Immed. 03/01/04 Common Stock 702,615(2) $1.00 D
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
(1) The Preferred Stock Option was granted to the filing person pursuant to the
Option Agreement, dated January 7, 2000, between the filing person and
Finova Mezzanine Capital Inc., a Tennessee corporation.
(2) Subject to adjustment.
* Pursuant to the Convertible Debenture Purchase Agreement, dated December
29, 1999, between the filing person and the issuer, the filing person was
granted an option (the "Convertible Debenture Option") to purchase
convertible debentures issuable by the issuer or, at the election of the
filing person, shares of Common Stock of the issuer, in either case in an
aggregate value of up to $1,500,000. The Convertible Debenture Option does
not have a fixed exercise or conversion price, and, accordingly, pursuant
to Rule 16a- 1(c) under the Securities Exchange Act of 1934, as amended,
the filing person is not reporting beneficial ownership of the Convertible
Debenture Option or the securities underlying the Convertible Debenture
Option.
/s/ Peter Kinash January 18, 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
