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OMB APPROVAL
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OMB Number 3235-0287
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
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U.S. 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 of 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
CB Capital Investors, L.P. ("CBCI,L.P.") c/o Chase Capital Partners
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(Last) (First) (Middle)
380 Madison Avenue - 12th Floor
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(Street)
New York, New York 10017
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
TeleCorp PCS, Inc. ("TLCP")
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
November 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)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[ X ] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock 11/23/99 P 480,000 A $20 15,265,692 D
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Class A Common Stock N.A. N.A. N.A. N.A. N.A. 352,956 I (FN 1)
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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).
<PAGE>
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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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of 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>
Class C Class A
Common Stock (2) (3) (3) (3) (4) Common Stock 27,489 (3) 27,489 D
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By
TeleCorp
Invest.
Class C Class A Corp.
Common Stock (2) (3) (3) (3) (4) Common Stock 575 (3) 575 I L.L.C.
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Class D Class A
Common Stock (2) (3) (3) (3) (4) Common Stock 199,522 (3) 199,522 D
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By
TeleCorp
Invest.
Class D Class A Corp.
Common Stock (2) (3) (3) (3) (4) Common Stock 3,780 (3) 3,780 I L.L.C.
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</TABLE>
Explanation of Response:
(1) By Telecorp Investment Corp., L.L.C.
(2) Shares convert on a one-for-one basis; no conversion price
(3) There were no transactions in derivative securities during November, 1999;
Table II has been completed solely for informational purposes.
(4) Convertible at the option of the holder after receipt by the issuer of an
opinion of regulatory counsel that Class A Common Stock and the Voting
Preference Stock can vote and be treated as a single class of stock with
one vote per share and the affirmative vote of the holders of 66 2/3% or
more of the Class A Common Stock.
CB Capital Investors, L.P.
Signature of Reporting Person
By:
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Title: of CB Capital
------------------------ Investors, Inc.,
the General
Partner of CB
Capital
Investors, L.P.
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<TABLE>
<CAPTION>
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NAME AND ADDRESS OF DESIGNATED STATEMENT FOR ISSUER NAME, TICKER TITLE OF AMOUNT OF OWNERSHIP FORM:
REPORTING PERSON REPORTER(1) MONTH/YEAR OR TRADING SYMBOL SECURITY SECURITIES DIRECT (D) OR
BENEFICIALLY INDIRECT (I)
OWNED
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<S> <C> <C> <C> <C> <C> <C>
John R. Baron CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Chris Behrens CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Mitchell J. Blutt CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Arnold L. Chavkin CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
`-----------------------------------------------------------------------------------------------------------------------------
Michael R. Hannon CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Donald J. Hofmann CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Stephen P. Murray CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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<CAPTION>
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NAME AND ADDRESS OF NATURE OF INDIRECT DISCLAIMS
REPORTING PERSON BENEFICIAL OWNERSHIP PECUNIARY
INTEREST
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<S> <C> <C>
John R. Baron See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Chris Behrens See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Mitchell J. Blutt See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Arnold L. Chavkin See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Michael R. Hannon See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Donald J. Hofmann See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Stephen P. Murray See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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</TABLE>
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<TABLE>
<CAPTION>
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NAME AND ADDRESS OF DESIGNATED STATEMENT FOR ISSUER NAME, TICKER TITLE OF AMOUNT OF OWNERSHIP FORM:
REPORTING PERSON REPORTER(1) MONTH/YEAR OR TRADING SYMBOL SECURITY SECURITIES DIRECT (D) OR
BENEFICIALLY INDIRECT (I)
OWNED
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<S> <C> <C> <C> <C> <C> <C>
John M.B. O'Connor CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Brian J. Richmand CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Shahan D. Soghikian CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
50 California
Street, Suite 2940
San Francisco, CA
94111
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Jeffrey C. Walker CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Damion E. Wicker CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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CCP European CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
Principals, L.P. Investors, L.P. ("TLCP") Stock
c/o Chase Capital
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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CCP Principals, L.P. CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Chase Capital CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
Corporation Investors, L.P. ("TLCP") Stock
c/o Chase Capital
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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<CAPTION>
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NAME AND ADDRESS OF NATURE OF INDIRECT DISCLAIMS
REPORTING PERSON BENEFICIAL OWNERSHIP PECUNIARY
INTEREST
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<S> <C> <C>
John M.B. O'Connor See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Brian J. Richmand See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Shahan D. Soghikian See Explanatory No
c/o Chase Capital Note 2 below
Partners
50 California
Street, Suite 2940
San Francisco, CA
94111
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Jeffrey C. Walker See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Damion E. Wicker See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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CCP European See Explanatory No
Principals, L.P. Note 2 below
c/o Chase Capital
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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CCP Principals, L.P See Explanatory No
c/o Chase Capital Note 2 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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Chase Capital See Explanatory No
Corporation Note 2 below
c/o Chase Capital
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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NAME AND ADDRESS OF DESIGNATED STATEMENT FOR ISSUER NAME, TICKER TITLE OF AMOUNT OF OWNERSHIP FORM:
REPORTING PERSON REPORTER(1) MONTH/YEAR OR TRADING SYMBOL SECURITY SECURITIES DIRECT (D) OR
BENEFICIALLY INDIRECT (I)
OWNED
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<S> <C> <C> <C> <C> <C> <C>
Chase Capital CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
Partners Investors, L.P. ("TLCP") Stock
380 Madison Avenue
12th Floor
New York, NY 10017
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CB Capital CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
Investors, Inc. Investors, L.P. ("TLCP") Stock
c/o Chase Capital
Partners
380 Madison Avenue
12th Floor
New York, New York
10017
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The Chase Manhattan CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
Bank Investors, L.P. ("TLCP") Stock
270 Park Avenue
35th Floor
New York, New York
10017
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The Chase Manhattan CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
Corporation Investors, L.P. ("TLCP") Stock
270 Park Avenue
35th Floor
New York, NY 10017
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I. Robert Greene CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Flatiron Partners Investors, L.P. ("TLCP") Stock
257 Park Avenue
South 12th Floor
New York, NY 10010
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Jonas Steinmann CB Capital November, 1999 TeleCorp PCS, Inc. Class A Common 15,618,648 I
c/o Chase Capital Investors, L.P. ("TLCP") Stock
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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<CAPTION>
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NAME AND ADDRESS OF NATURE OF INDIRECT DISCLAIMS
REPORTING PERSON BENEFICIAL OWNERSHIP PECUNIARY
INTEREST
- ------------------------------------------------------------
<S> <C> <C>
Chase Capital See Explanatory No
Partners Note 3 below
380 Madison Avenue
12th Floor
New York, NY 10017
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CB Capital See Explanatory No
Investors, Inc. Note 4 below
c/o Chase Capital
Partners
380 Madison Avenue
12th Floor
New York, New York
10017
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The Chase Manhattan See Explanatory No
Bank Note
270 Park Avenue 5 below
35th Floor
New York, New York
10017
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The Chase Manhattan See Explanatory No
Corporation Note 6 below
270 Park Avenue
35th Floor
New York, NY 10017
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I. Robert Greene See Explanatory No
c/o Flatiron Partners Note 7 below
257 Park Avenue
South 12th Floor
New York, NY 10010
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Jonas Steinmann See Explanatory No
c/o Chase Capital Note 8 below
Partners
380 Madison Avenue
12th Floor
New York, NY 10017
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</TABLE>
Explanatory Note:
1) The Designated Reporter is executing this report on behalf of all reporting
persons, each of whom has authorized it to do so.
2) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CBCI, L.P., a portion of which may be
deemed attributable to the reporting person because the reporting person is
a general partner of Chase Capital Partners ("CCP"), which is the sole
limited partner of CBCI, L.P., and the investment manager of CB Capital
Investors, Inc., the general partner of CBCI, L.P. The actual pro rata
portion of such beneficial ownership that may be deemed to be attributable
to the reporting person is not readily determinable because it is subject
to several variables, including internal rate of return and vesting of
interests within CCP and CBCI, L.P.
3) The amounts shown in Table I and II represent the beneficial ownership of
the Issuer's equity securities by CBCI, L.P., a portion of which may be
deemed attributable to the reporting person because CCP is the sole limited
partner of CBCI, L.P. and the investment manager of CB Capital Investors,
Inc., the general partner of CBCI, L.P. The actual pro rata portion of such
beneficial ownership that may be deemed to be attributable to the reporting
person is not readily determinable because it is subject to several
variables, including the internal rate of return and vesting of interests
within CCP and CBCI, L.P.
<PAGE>
4) The amounts shown in Tables I and II represent beneficial ownership of the
Issuer's equity securities by CBCI, L.P., a portion of which may be deemed
attributable to the reporting person because it is the sole general partner
of CBCI, L.P. The actual pro rata portion of such beneficial ownership that
may be deemed to be attributable to the reporting person is not readily
determinable because it is subject to several variables, including the
internal rate of return and vesting of interests within CBCI, L.P.
5) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CBCI, L.P., a portion of which may be
deemed attributable to the reporting person because the reporting person is
the sole stockholder of CB Capital Investors, Inc., the sole general
partner of CBCI, L.P. The actual pro rata portion of such beneficial
ownership that may be attributable to the reporting person is not readily
determinable because it is subject to several variables, including the
internal rate of return and vesting within CBCI, L.P.
6) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CBCI, L.P., a portion of which may be
deemed attributable to the reporting person because the reporting person is
(i) the sole stockholder of Chase Capital Corporation, which is a general
partner of CCP (the sole limited partner of CBCI, L.P.) and the investment
manager of CB Capital Investors, Inc. (the sole general partner of CBCI,
L.P.) and (ii) the sole stockholder of The Chase Manhattan Bank, which is
the sole stockholder of CB Capital Investors, Inc. (the sole general
partner of CBCI, L.P.). The actual pro rata portion of such beneficial
ownership that may be attributable to the reporting person is not readily
determinable because it is subject to several variables, including the
internal rate of return and vesting of interests within CCP and CBCI, L.P.
7) The amount shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CBCI, L.P., a portion of which may be
deemed attributable to the reporting person because he was a general
partner of CCP, the sole limited partner of CBCI, L.P. and the investment
manager of CB Capital Investors, Inc., the general partner of CBCI, L.P.,
until May 31, 1999. The actual pro rata portion of such beneficial
ownership that may be deemed to be attributable to the reporting person is
not readily determinable because it is subject to several variables,
including the internal rate of return and vesting within CCP and CBCI, L.P.
8) The amount shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CBCI, L.P., a portion of which may be
deemed attributable to the reporting person because he was a general
partner of CCP, the sole limited partner of CBCI, L.P. and the investment
manager of CB Capital Investors, Inc., the general partner of CBCI, L.P.,
until July 1, 1999. The actual pro rata portion of such beneficial
ownership that may be deemed to be attributable to the reporting person is
not readily determinable because it is subject to several variables,
including the internal rate of return and vesting within CCP and CBCI, L.P.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond Page 2 of 2 unless the form displays
a currently valid OMB Number SEC 1474 (7-97)
