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FORM 4
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / CHECK BOX IF NO
LONGER SUBJECT TO Filed pursuant to Section 16(a) of the Securities
SECTION 16. FORM 4 Exchange Act of 1934, Section 17(a) of the
OR FORM 5 OBLIGATIONS Public Utility Holding Company Act of 1935
MAY CONTINUE. SEE or Section 30(f) of the Investment Company
INSTRUCTION 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
LALIA CORPORATION LET'S TALK CELLULAR & WIRELESS, INC. ("LTCW") Issuer (Check all applicable)
- --------------------------------------------- ---------------------------------------------- Director X 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
1001 SOUTH BAYSHORE DRIVE, SUITE 2708 Number of Reporting Month/Year Officer (give Other (Specify
- --------------------------------------------- Person (Voluntary) 12/97 ---- title --- below)
(Street) ------------------ below)
MIAMI FL 33131 5. If Amendment,
- --------------------------------------------- Date of Original --------------------------------------
(City) (State) (Zip) (Month/Year)
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 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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COMNON STOCK 2,137,850 1 (1)
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COMMON STOCK 12/1/97 S 177,203 D $12.00 1,640,265 1 (2)
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*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Response)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Month/ (Instr. Acquired (A) Date (Instr. 3 and 4) ative
Deriv- Day/ 8) or Disposed (Month/Day/ Secur-
ative Year) of (D) Year) ity
Security (Instr. 3, (Instr. 5)
4, and 5) -----------------------------------
Date Expira- Amount or
---------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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Explanation of Responses:
(1) Represents shares held of record by HIG Fund V, Inc., a Cayman Islands corporation, of which HIG
Investment Group, L.P., a Cayman Islands limited partnership ("HIG Investment Group"), is the
controlling shareholder. HIG Partners, L.P., a Cayman Islands limited partnership ("HIG Partners"),
is the general partner of HIG Investment Group. The Reporting Person is a general partner of HIG
Partners and disclaims beneficial ownership of all such shares except to the extent of its
pecuniary interest therein.
(2) Represents shares held of record by Texas Cellular Partners, L.P., a Delaware limited partnership
("TCP"). The managing general partner of TCP is HIG Texas Cellular Company, a Cayman Islands
corporation, of which HIG Investment Group is the controlling shareholder. HIG Partners is the
general partner of HIG Investment Group. The Reporting Person is a general partner of HIG Partners
and disclaims beneficial ownership of all such shares except to the extent of its pecuniary
interest therein.
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. /s/ SAMI MNAYMNEH JANUARY 9, 1998
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- ---------------
**Signature of Reporting Person Date
SAMI MNAYMNEH, PRESIDENT
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure.
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