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UNITED STATES 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 this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
O'Toole, Terence M.
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(Last) (First) (Middle)
c/o Goldman, Sachs & Co.
85 Broad Street
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(Street)
New York, New York 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
VoiceStream Wireless Corporation
(VSTR)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Year
October/1999
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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)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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<TABLE>
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Table I -- Non-Derivative Securities Acquired, Disposed of, |
or Beneficially Owned |
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| | | | |6. | |
| | | 4. |5. |Owner- | |
| | | Securities Acquired (A) or |Amount of |ship | |
| | 3. | Disposed of (D) |Securities |Form: |7. |
|2. | Transaction| (Instr. 3, 4 and 5) |Beneficially |Direct |Nature of |
|Transaction | Code | -------------------------------|Owned at End |(D) or |Indirect |
1. |Date | (Instr. 8) | | (A) | |of Month |Indirect |Beneficial|
Title of Security |(Month/Day/ | -----------| Amount | or | Price |(Instr. 3 |(I) |Ownership |
(Instr. 3) |Year) | Code | V | | (D) | |and 4) |(Instr.4)|(Instr. 4)|
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | |
Common Stock | 10/28/99 | P | | 200 | A | $85.50 | 200 | I | 01,02 |
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| | | | | | | | | |
Common Stock | | | | | | | 9,800,629 | I | 01,03 |
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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).
FORM 4 (continued)
<TABLE>
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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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| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner-| |
| | | | | | | |of |ship | |
|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) |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option | | | | | | | | | | | | | | |
(right to buy) | $9.25 | | | | | | Immed. | 1/1/08 |Common Stock | 250 | | 250 |01,04 |01,04 |
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Stock Option | | | | | | | | | | | | | | |
(right to buy) | $9.25 | | | | | | 05 | 1/1/08 |Common Stock | 704 | | 704 |01,05 |01,05 |
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</TABLE>
Explanation of Responses:
01: The Reporting Person is a managing director of Goldman, Sachs & Co.
("Goldman Sachs"). Goldman Sachs is an indirect wholly-owned subsidiary of The
Goldman Sachs Group, Inc. ("GS Group"). The Reporting Person disclaims
beneficial ownership of the securities reported herein except to the extent of
his pecuniary interest therein, if any.
02: The securities reported herein as indirectly purchased were purchased and
may be deemed to be beneficially owned directly by a wholly-owned subsidiary of
GS Group. Without admitting any legal obligation, Goldman Sachs or an affiliate
will remit appropriate profits, if any, to the Company.
03: Goldman Sachs may be deemed to own beneficially and directly and GS Group
may be deemed to own beneficially and indirectly 1,600 shares of common stock of
Voicestream Corporation ("Common Stock"). GS Group may be deemed to own
beneficially and directly 68,821 shares of Common Stock and Goldman Sachs and GS
Group may be deemed to own beneficially and indirectly in the aggregate
9,730,208 shares of Common Stock through certain investment partnerships (the
"Limited Partnerships") of which affiliates of Goldman Sachs and GS Group are
the general partner or managing general partner. Goldman Sachs is the investment
manager of one of the Limited Partnerships.
04: These options were granted pursuant to the VoiceStream Wireless Corporation
1999 Management Incentive Stock Option Plan in connection with Western Wireless
Corporation's spin-off of the shares of common stock of VoiceStream Wireless
Corporation owned by it to the holders of Class A common stock and Class B
common stock of Western Wireless Corporation ("Spin-Off"), in respect of vested
options granted to the Reporting Person in his capacity as a director of Western
Wireless Corporation. The Reporting Person also serves as a director of the
Company. The Reporting Person has an understanding with GS Group pursuant to
which he holds the stock options for the benefit of GS Group.
05: These options were granted pursuant to the VoiceStream Wireless Corporation
1999 Management Incentive Stock Option Plan in connection with the Spin-Off in
respect of unvested options granted to the Reporting Person in his capacity as a
director of Western Wireless Corporation. The Reporting Person also serves as a
director of the Company. The Reporting Person has an understanding with GS Group
pursuant to which he holds the stock options for the benefit of GS Group. These
options vest in 3 equal annual installments, beginning January 1, 2000.
By: s/ Hans L. Reich November 10, 1999
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**Signature of Reporting Person Date
Attorney-in-fact
** 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 procedures.
Alternatively, this Form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
