UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 8)
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
February 18, 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 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 PERSONS
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 535,010
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 535,010
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
535,010
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.5%
14 TYPE OF REPORTING PERSON
IN
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This Amendment No. 8 (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 535,010 Shares as of the date of this
Statement, representing an aggregate of approximately 5.5% of the
outstanding Shares (based upon 9,685,232 Shares reported by the Company to
be outstanding based on the Company's most recent quarterly report on Form
10-Q).
(c) On February 18, 2000, call options previously sold by Lynn Forester
covering 60,000 Shares exercisable at a price of $60 per Share were exercised
by the holders. As a result, Lynn Forester now owns 535,010 Shares. In
addition, on February 7, 2000, Lynn Forester sold 1,000 August 2000 $85
call options at a price of $15.7625 per Share. Assuming the exercise of
these call options, Lynn Forester would own 435,010 Shares or approximately
4.5% of the outstanding Shares.
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.
February 22, 2000
/s/ Lynn Forester
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Lynn Forester
