UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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
|X| Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person*
TELEPHONE AND DATA SYSTEMS, INC.
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(Last) (First) (Middle)
30 North LaSalle Street, Suite 4000
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(Street)
Chicago, Illinois 60602
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
AERIAL COMMUNICATIONS, INC. (AERL)
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3. I.R.S. Identification Number of Reporting Person, if an entity
36-2669023
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4. Statement for Month/Year
May 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
Director X 10%
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Officer (give title below) Other (specify title below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
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Table I-- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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<S> <C> <C> <C>
1. Title of Security 2. Transaction Date 3. Transaction Code 4. Securities Acquired (A) or Disposed
(Instr. 3) (Month/Day/Year) (Instr. 8) of (D)
(Instr. 3, 4 and 5)
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Code V Amount (A) or (D) Price
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Common Shares, par value $1.00 per share 5/4/00 J(1) 25,252,758 D N/A(1)
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5. Amount of 6. Ownership 7. Nature of Indirect
Securities Form: Direct Beneficial Ownership
Beneficially (D) or (Instr. 4)
Owned at End of Indirect (I)
Month (Instr. 4)
(Instr. 3 and 4)
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0 D
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</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).
<TABLE>
<CAPTION>
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<S> <C> <C> <C> <C> <C> <C>
1.Title of 2.Conversion 3.Transaction 4.Transaction 5. Number of 6. Date Exercisable 7. Title and Amount of
Derivative or Exercise Date (Month Code Derivative and Expiration Underlying Securities
Security (Inst. Price of Day/Year) (Instr.8) Securities Date (Instr. 3 and 4)
3) Derivative Acquired (A) or
Security Disposed of (D) (Month/Day/Year)
(Instr. 3, 4,and 5
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Date Expir- Amount or
Exercis- ation Title Number of
--------------------------- able Date Shares
Code V (A) (D)
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Series A Common (2) 5/4/00 J(1) 52,924,151 (2) (2) Common Shares 52,924,151
Shares
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<S> <C> <C> <C>
8. Price of Derivative Security 9. Number of Derivative Securitiies 10. Ownership Form of Derivative 11. Nature of Indirect
(Instr.5) Beneficially Owned at End of Security Direct (D) or Beneficial Ownership
Month (Instr.4) Indirect (I) Instr.4) (Instr.4)
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N/A -0- D
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</TABLE>
Explanation of Responses:
(1) The Common Shares and Series A Common Shares of Issuer were converted in a
merger into shares of common stock, $.001 par value, of VoiceStream Wireless
Corporation (VSTR).
(2) Series A Common Shares are convertible on a share-for-share basis into
Common Shares.
/s/ LeRoy T. Carlson, Jr. 5/4/00
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Name: LeRoy T. Carlson, Jr. Date
Title: President
**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.
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