<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ALAMOSA PCS HOLDINGS, INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
011593100
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(CUSIP Number)
MICHAEL R. BUDAGHER
3702 HOLLAND AVENUE
DALLAS, TEXAS 75219
(214) 498-5777
(505) 338-5049 (FAX)
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
FEBRUARY 7, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
*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
disclosures provided in a prior cover page.
The information required on 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).
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SCHEDULE 13D
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CUSIP No. - 011593100 Page 2 of 8 Pages
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<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
West Texas PCS, LLC
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO, WC, BK
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER 0
NUMBER OF -------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER 7,284,776
BENEFICIALLY
OWNED BY -------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
PERSON -------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER 7,284,776
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,284,776
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.9%
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14 TYPE OF REPORTING PERSON
OO
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</TABLE>
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SCHEDULE 13D
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CUSIP No. - 011593100 Page 3 of 8 Pages
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<TABLE>
<S> <C> <C>
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Budagher Family, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO, WC, BK
- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
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7 SOLE VOTING POWER 0
NUMBER OF
SHARES --------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 7,284,776
OWNED BY
EACH --------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER 0
PERSON
WITH --------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 7,284,776
- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,284,776
- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.9%
- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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</TABLE>
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SCHEDULE 13D
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CUSIP No. - 011593100 Page 4 of 8 Pages
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<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Michael R. Budagher
- ---------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ---------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- ---------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER 28,000
NUMBER OF
SHARES -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 7,284,776
OWNED BY
EACH -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER 28,000
PERSON
WITH -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 7,284,776
- ---------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,312,776
- ---------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
- ---------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.9%
- ---------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
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Page 5 of 8 Pages
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ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the common stock, par value $0.01 (the
"Common Stock") of Alamosa PCS Holdings, Inc., a Delaware corporation (the
"Alamosa"). The principal executive offices of Alamosa are located at 4403
Brownfield Highway, Lubbock, Texas 79407.
ITEM 2. IDENTITY AND BACKGROUND
This statement is filed by West Texas PCS, LLC ("West Texas"), Budagher
Family, LLC ("Family") and Michael R. Budagher (together with West Texas and
Family, the "Reporting Persons"). Family owns 100% of the membership interests
of West Texas, and Mr. Budagher and his spouse and children own 100% of the
membership interests of Family. An agreement among the Reporting Persons with
respect to the filing of this statement is attached hereto as Exhibit 1.
West Texas is a Delaware limited liability company. The principal
business activity of West Texas is asset management. Family is a Nevada limited
liability company. The principal business activity of Family is asset
management. Mr. Budagher is a United States citizen. The principal occupation of
Mr. Budagher is as a self-employed investor. The principal business and office
address of each of the Reporting Persons is 3702 Holland Avenue, Dallas, Texas
75219.
Mr. Budagher is the sole manager of West Texas and Family.
During the last five years, none of the Reporting Persons has been (1)
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors) or (2) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On December 9, 1999, Mr. Budagher received an immediately exercisable
option to purchase 28,000 shares of Common Stock for his services as a director
of Alamosa (the "Option Shares").
On February 3, 2000, West Texas acquired 211,861 shares of Common Stock
for $15.8525 per share, the initial public offering price less the underwriting
discount, by exercising its right to purchase a portion of up to 10% of the
common stock offered to the public in Alamosa's initial public offering of
Common Stock (the "10% Shares"). West Texas used working capital and borrowings
through Budager Family, LLC under a credit line with Prudential Securities to
finance the acquisition of the 10% Shares.
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Page 6 of 8 Pages
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On February 7, 2000, West Texas acquired an additional 7,072,915 shares
of Common Stock of Alamosa as a result of a merger of Alamosa PCS Holdings,
Inc., a Texas corporation ("Alamosa-Texas"), with and into its wholly-owned
subsidiary, Alamosa. West Texas' shares of Alamosa-Texas' common stock were
exchanged for shares of Common Stock of Alamosa at a ratio of 1:1 (the "Merger
Shares").
ITEM 4. PURPOSE OF THE TRANSACTION
As stated in Item 3 above, the Reporting Persons acquired the Merger
Shares as a result of the merger and Mr. Budagher received the Option Shares for
his services as director.
The Reporting Persons acquired the 10% Shares and the Merger Shares,
and will hold the Option Shares, for investment purposes. Depending on market
conditions and other factors, the Reporting Persons may acquire additional
shares as they deem appropriate, whether in open market purchases, privately
negotiated transactions or otherwise. The Reporting Persons also reserve the
right to dispose of some or all of their shares in the open market, in privately
negotiated transactions to third parties or otherwise. West Texas may also
transfer some or all of its shares of Common Stock to Budagher Family, LLC. The
Reporting Persons have no plans or proposals which relate to or would result in
any action specified in clauses (a) through (j) of Item 4 of Schedule 13D.
Mr. Budagher currently serves on the board of directors of Alamosa.
However, there is no agreement or arrangement among the Reporting Persons and
Alamosa or any other person for him to continue to serve as a director of
Alamosa.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The responses of each Reporting Person to Items 7, 8, 9, 10, 11 and 13
on the cover page of this statement relating to beneficial ownership as well as
voting and dispositive power are incorporated herein by reference. The Reporting
Persons share voting and dispositive power of the 7,284,776 shares of Common
Stock held by West Texas as a result of their parent-subsidiary and control
person relationships.
Except as set forth in Item 3 above, no Reporting Person beneficially
owns any shares of Common Stock or has effected any transactions in shares of
Common Stock during the preceding 60 days.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
West Texas, Family and Mr. Budagher have each entered into Lockup
Agreements with Salomon Smith Barney Inc. on behalf of the underwriters (herein
so called), the form of which is attached hereto as Exhibit 2, dated on or
before February 2, 2000. The Lockup Agreements provide that those persons will
not, directly or indirectly, offer, pledge, sell, or otherwise dispose of any
shares of capital stock of Alamosa, including but not limited to the filing, or
participation in the filing, of a registration statement with the Securities and
Exchange Commission (the "SEC") in respect of, or establish or increase a put
equivalent position or liquidate or decrease a call equivalent position within
the meaning of Section 16 of the Securities Exchange Act of 1934, as amended,
and the rules and regulations of the SEC
<PAGE> 7
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Page 7 of 8 Pages
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promulgated thereunder with respect to, any shares of capital stock or any
securities convertible into, or exercisable or exchangeable for such capital
stock, or publicly announce an intention to effect any such a transaction,
without prior written consent of Salomon Smith Barney Inc. until July 31, 2000.
Except as set forth above, no Reporting Person is a party to any other
contract, arrangement, understanding or relationship, legal or otherwise, with
respect to any securities of Alamosa.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit l Joint Filing Agreement, dated as of February 16, 2000,
entered into by and between West Texas PCS, LLC, Budagher
Family, LLC and Michael R. Budagher.
Exhibit 2 Form of Lockup Agreement
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Page 8 of 8 Pages
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: February 16, 2000
WEST TEXAS PCS, LLC
By: /s/ MICHAEL R. BUDAGHER
-----------------------------------
Michael R. Budagher
Manager
BUDAGHER FAMILY, LLC
By: /s/ MICHAEL R. BUDAGHER
-----------------------------------
Michael R. Budagher
Manager
/s/ MICHAEL R. BUDAGHER
----------------------------------------
MICHAEL R. BUDAGHER
<PAGE> 9
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
<S> <C>
Exhibit 1 Joint Filing Agreement, dated as of February 16, 2000,
entered into by and between West Texas PCS, LLC, Budagher
Family, LLC and Michael R. Budagher.
Exhibit 2 Form of Lockup Agreement
</TABLE>
<PAGE> 1
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities
Exchange Act of 1934, as amended, the persons named below agree to the joint
filing on behalf of each of them a Statement on Schedule 13D (including
amendments thereto) with regard to the common stock of Alamosa PCS Holdings,
Inc., and further agree that this Joint Filing Agreement be included as an
Exhibit to such joint filings. In evidence thereof, the undersigned, being duly
authorized, hereby execute this Agreement as of the 16th day of February, 2000.
WEST TEXAS PCS, LLC
By: /s/ MICHAEL R. BUDAGHER
-----------------------------------
Michael R. Budagher
Manager
BUDAGHER FAMILY, LLC
By: /s/ MICHAEL R. BUDAGHER
-----------------------------------
Michael R. Budagher
Manager
/s/ MICHAEL R. BUDAGHER
----------------------------------------
MICHAEL R. BUDAGHER
<PAGE> 1
[FORM OF LOCK-UP AGREEMENT] EXHIBIT 2
[LETTERHEAD OF UNDERSIGNED]
Alamosa PCS Holdings, Inc.
Public Offering of Common Stock
, 2000
Salomon Smith Barney Inc.
Lehman Brothers Inc.
Credit Suisse First Boston Corporation
Deutsche Bank Securities Inc.
As Representatives of the several Underwriters,
c/o Salomon Smith Barney Inc.
388 Greenwich Street
New York, New York 10013
Ladies and Gentlemen:
This letter is being delivered to you in connection with the proposed
Underwriting Agreement (the "Underwriting Agreement"), between Alamosa PCS
Holdings, Inc., a corporation (the "Company"), and each of you as
representatives of a group of Underwriters named therein, relating to an
underwritten public offering of Common Stock, $.01 par value (the "Common
Stock"), of the Company.
In order to induce you and the other Underwriters to enter into the
Underwriting Agreement, the undersigned will not, without the prior written
consent of Salomon Smith Barney Inc., offer, sell, contract to sell, pledge or
otherwise dispose of, (or enter into any transaction which is designed to, or
might reasonably be expected to, result in the disposition (whether by actual
disposition or effective economic disposition due to cash settlement or
otherwise) by the Company or any affiliate of the Company or any person in
privity with the Company or any affiliate of the Company) directly or
indirectly, including the filing (or participation in the filing of) a
registration statement with the Securities and Exchange Commission in respect
of, or establish or increase a put equivalent position or liquidate or decrease
a call equivalent position within the meaning of Section 16 of the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the
Securities and Exchange Commission promulgated thereunder with respect to, any
shares of capital stock of the Company or any securities convertible into, or
exercisable or exchangeable for such capital stock, or publicly announce an
intention to effect any such transaction, for a period of 180 days after the
date of the Underwriting Agreement, other than shares of Common Stock disposed
of as bona fide gifts to persons who also enter into
<PAGE> 2
lock-up agreements in the form hereof which terminate 180 days after the date of
the Underwriting Agreement.
If for any reason the Underwriting Agreement shall be terminated prior
to the Closing Date (as defined in the Underwriting Agreement), the agreement
set forth above shall likewise be terminated.
Yours very truly,
[SIGNATURE OF OFFICER, DIRECTOR OR MAJOR
STOCKHOLDER]
[NAME AND ADDRESS OF OFFICER, DIRECTOR
OR MAJOR STOCKHOLDER]
