UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 5)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Teligent, Inc.
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(Name of Issuer)
Class A Common Stock, par value $.01 per share
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(Title of Class of Securities)
87959Y 10 3
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(CUSIP Number)
Lynn Forester
c/o FirstMark Holdings L.L.C.
660 Madison Avenue
New York, New York 10021
(212) 699-4300
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
With a copy to:
Warren de Wied, Esq.
Fried, Frank, Harris, Shriver & Jacobson
One New York Plaza
New York, New York 10004
March 15, 1999
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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 Rule 13d-1(b)(3) or (4), check the following
box |_|.
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SCHEDULE 13D
CUSIP No. 87959Y 10 3
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lynn Forester
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
00
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 of America
NUMBER OF 7 SOLE VOTING POWER
SHARES 682,410
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 682,410
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
682,410
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
14 TYPE OF REPORTING PERSON*
IN
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This Amendment No. 5 (this "Amendment") amends the statement on
Schedule 13D (as amended, the "Statement") previously filed relating to the
shares of Class A Common Stock, par value $.01 (the "Shares"), of Teligent,
Inc., a Delaware corporation (the "Company").
1. Items 5 (a) and (c) of the Statement are hereby amended as
follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Lynn Forester owns 682,410 Shares as of the date of this
Statement, representing an aggregate of approximately 8.3% of the outstanding
Shares (based upon 8,178,610 Shares reported by the Company to be outstanding
based on the Company's most recent quarterly report on Form 10-Q).
(c) On March 4, 1999, Lynn Forester sold 10,000 Shares on Nasdaq at a
price of $40.00 per Share. On March 5, 1999, Lynn Forester sold 49,000
Shares on Nasdaq at a price of $40.38 per Share. On March 9, 1999, Lynn
Forester sold 3,000 Shares on Nasdaq at $42.0625 per Share. On March 15,
1999, Lynn Forester sold 250,000 Shares on Nasdaq at a price of $40.50 per
Share and 10,500 Shares at a price of $42.04 per Share.
2. Except as specifically set forth herein, this Amendment does not
modify any of the information previously reported in the Statement.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
March 16, 1999
/s/ Lynn Forester
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Lynn Forester
