<PAGE> 1
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON April 30, 1999
REGISTRATION NO.___-_____
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
------------------
VOICESTREAM WIRELESS CORPORATION
(Exact name of registrant as specified in its charter)
Washington 91-1956183
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
3650 131st Avenue S.E.
Bellevue, Washington 98006
(425) 653-4600
(Address, including ZIP code, and telephone number, including area code,
of registrant's principal executive offices)
1999 MANAGEMENT INCENTIVE STOCK OPTION PLAN
(Full title of plan)
Alan R. Bender, Esq. Copy to:
Executive Vice President, G. Scott Greenburg, Esq.
General Counsel and Secretary Mark S. Britton, Esq.
VoiceStream Wireless Corporation Preston Gates & Ellis LLP
3650 131st Avenue S.E. 5000 Columbia Center
Bellevue, Washington 98006 701 Fifth Avenue
(425) 653-4600 Seattle, Washington 98104
(206) 623-7580
(Name, address, including ZIP code, and
telephone number, including area code,
of agent for service)
<TABLE>
<CAPTION>
================================================================================================
Maximum
Title of securities Amount to be Maximum offering aggregate offering Amount of
to be registered registered (1) price per unit (2) price (2) registration fee
- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, no
par value no par
value per share 7,600,000 shares $4.05 $30,780,000 $8,557
================================================================================================
</TABLE>
(1) Together with an indeterminate number of additional shares which may be
necessary to adjust the number of shares reserved for issuance pursuant
to such plan as the result of any future stock split, stock dividend or
similar adjustment of the outstanding Common Stock of the Registrant.
(2) Estimated solely for the purpose of calculating the registration fee
and, pursuant to Rule 457(h) of the Act, based upon the book value of
each share of Common Stock of the Registrant at December 31, 1998 and
based on an estimated 95,541,633 shares outstanding at April 30, 1999.
<PAGE> 2
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents heretofore filed with the Securities and
Exchange Commission (the "Commission") by VoiceStream Wireless Corporation (the
"Company") are incorporated herein by reference:
(a) The Company's Registration Statement on Form 10/A filed on April 13,
1999 pursuant to Section 12 of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), which contains audited financial statements from the
Company's latest fiscal year for which such statements have been filed,
including any amendment or report filed for the purpose of updating such
Registration Statement.
(b) All other reports filed pursuant to Section 13(a) or 15(d) of the
Exchange Act since the end of the fiscal year covered by the Company's document
referred to in (a) above.
(c) The description of the Company's Common Stock, no par value per
share (the "Common Stock") contained in the document referred to in (a) above,
including any amendment or report filed for the purpose of updating such
description.
All documents filed by the Company pursuant to Sections 13(a), 13(c), 14
or 15(d) of the Exchange Act after the date of this Registration Statement and
prior to the filing of a post-effective amendment which indicates that all
securities offered hereby have been sold or which deregisters all securities
then remaining unsold are deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the respective dates of
filing of such documents (such documents, and the documents enumerated above,
being hereinafter referred to as "Incorporated Documents").
Any statement contained in an Incorporated Document shall be deemed to
be modified or superseded for purposes of this Registration Statement to the
extent that a statement contained herein or in any other subsequently filed
Incorporated Document modifies or supersedes such statement. Any such statement
so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.
ITEM 4. DESCRIPTION OF SECURITIES
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Legal matters in connection with the securities registered hereby were
passed upon by Preston Gates & Ellis LLP, Seattle, Washington. Partners and
attorneys employed by such firm will beneficially own less than 30,000 shares of
common stock of the Company.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 23B.08.510 of the Revised Code of Washington authorizes
Washington corporations to indemnify their officers and directors under certain
circumstances against expenses and liabilities incurred in legal proceedings
involving such persons because of their being or having been an officer or
director. The Company's Articles of Incorporation and Bylaws require
indemnification of the Company's officers and directors to the fullest extent
permitted by Washington law. The Company also maintains director's and officer's
liability insurance.
The Company's Bylaws and Articles of Incorporation provide that the
Company shall, to the full extent permitted by the Business Corporation Act of
the State of Washington, as amended from time to time, indemnify all directors
and officers of the Company. In addition, the Company's Articles of
Incorporation contain a provision
<PAGE> 3
eliminating the personal liability of directors to the Company or its
shareholders for monetary damages arising out of a breach of fiduciary duty.
Under Washington law, this provision eliminates the liability of a director for
breach of fiduciary duty but does not eliminate the personal liability of any
director for (i) acts or omissions of a director that involve intentional
misconduct or a knowing violation of law, (ii) conduct in violation of Section
23B.08.310 of the Revised Code of Washington (which section relates to unlawful
distributions) or (iii) any transaction from which a director personally
received a benefit in money, property or services to which the director was not
legally entitled.
The Company will enter into separate indemnification agreements with
each of its directors and executive officers, which agreements shall be separate
from any employment agreement between any such executive officer and the Company
or Western Wireless Corporation, as the case may be, and which shall supersede
prior indemnification agreements entered into by Western Wireless Corporation
with its directors and officers.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8. EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT DESCRIPTION
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<S> <C> <C>
4.1 -- VoiceStream Wireless Corporation, 1999 Management Incentive
Stock Option Plan
5.1 -- Opinion of Preston Gates & Ellis LLP
23.1 -- Consent of Preston Gates & Ellis LLP (see Exhibit 5.1)
23.2 -- Consent of Arthur Andersen LLP
24.1 -- Powers of Attorney
</TABLE>
ITEM 9. UNDERTAKINGS
(a) The registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement to include any
material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such
information in the registration statement.
(2) That, for purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise,
the registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or
proceeding) is
<PAGE> 4
asserted by such director, officer or controlling person in connection with the
securities being registered, the registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit to a court
of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.
<PAGE> 5
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Bellevue, State of Washington, on this 30th day of
April, 1999.
VOICESTREAM WIRELESS CORPORATION
By /s/ Alan R. Bender
------------------------------------
Alan R. Bender
Executive Vice President, General
Counsel and Secretary
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities indicated on this 30th day of April, 1999.
<TABLE>
<CAPTION>
SIGNATURE TITLE
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<S> <C>
/s/ John W. Stanton Chairman, Chief Executive Officer and
- ----------------------------------- Director (Principal Executive Officer)
John W. Stanton
Executive Vice President - Finance,
/s/ Cregg B. Baumbaugh Strategy and Development (Principal
- ----------------------------------- Financial Officer)
Cregg B. Baumbaugh
/s/ Patricia L. Miller Vice President, Controller and
- ----------------------------------- Principal Accounting Officer
Patricia L. Miller
* Director
- -----------------------------------
John L. Bunce, Jr.
* Director
- -----------------------------------
Mitchell R. Cohen
* Director
- -----------------------------------
Daniel J. Evans
* Director
- -----------------------------------
Canning Fok
* Director
- -----------------------------------
Donald Guthrie
</TABLE>
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<TABLE>
<S> <C>
* Director
- -----------------------------------
Jonathan M. Nelson
* Director
- -----------------------------------
Terence M. O'Toole
* Director
- -----------------------------------
Hans R. Snook
* Director
- -----------------------------------
Robert R. Stapleton
*By /s/ Alan R. Bender
--------------------------------
Alan R. Bender
Attorney-in-Fact
</TABLE>
<PAGE> 7
INDEX TO EXHIBITS TO REGISTRATION STATEMENT ON FORM S-8
<TABLE>
<CAPTION>
EXHIBIT DESCRIPTION
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<S> <C> <C>
4.1 -- VoiceStream Wireless Corporation, 1999 Management Incentive
Stock Option Plan
5.1 -- Opinion of Preston Gates & Ellis LLP
23.1 -- Consent of Preston Gates & Ellis LLP (see Exhibit 5.1)
23.2 -- Consent of Arthur Andersen LLP
24.1 -- Powers of Attorney
</TABLE>
<PAGE> 1
VOICESTREAM WIRELESS CORPORATION
1999 MANAGEMENT INCENTIVE
STOCK OPTION PLAN
(Adopted April 8, 1999;
Approved, as Adopted, by Shareholders April 8, 1999)
1. ESTABLISHMENT AND PURPOSE. This 1999 Management Incentive Stock
Option Plan was established to provide an important inducement for management to
generate shareholder value by giving certain key personnel of VoiceStream
Wireless Corporation and its subsidiaries a stake in the equity of the Company.
The Company believes that the key managers participating in the Plan will seek
to build personal financial security through creating and maintaining value in
the Company for all shareholders. This Plan allows the Company to grant two
types of options, namely (1) Nonstatutory Stock Options; and (2) Incentive Stock
Options as the latter are defined and governed by Section 422 of the Internal
Revenue Code of 1986, as amended.
2. DEFINITIONS. As used herein, the following definitions shall apply.
"Administrator" means the Board or any Committee designated by
the Board to administer the Plan in accordance with Section 4 hereof.
"Applicable Laws" means the legal requirements relating to the
administration and operation of stock option plans under federal and state
corporate and securities laws and the Code.
"Board" means the Board of Directors of the Company, as
constituted from time to time.
"Code" means the Internal Revenue Code of 1986, as amended.
"Committee" means a committee appointed by the Board, in
accordance with Section 4 hereof. If no such committee has been appointed,
"Committee" means the full Board.
"Common Stock" means the Common Stock of the Company.
"Company" means VoiceStream Wireless Corporation.
"Consultant" shall mean any person engaged by the Company who is
not an Employee.
"Director" means a member of the Board.
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<PAGE> 2
"Disability" means total and permanent disability as defined in
Section 22(e)(3) of the Code.
"Employee" means any person, including Officers and Directors,
who is an employee (within the meaning of Section 3401(c) of the Code and the
regulations thereunder) of the Company, a Parent or a Subsidiary.
"Exchange Act" means the Securities Exchange Act of 1934, as
amended.
"Exercise Price" means the price at which one Share of the Common
Stock may be purchased upon exercise of an Option, as specified by the
Administrator in the applicable Option Agreement.
"Fair Market Value" means, as of any date, the value of Common
Stock determined as follows:
(i) If the Common Stock is listed on any established stock
exchange or a national market system, including without limitation the National
Market System of the National Association of Securities Dealers, Inc. Automated
Quotation ("NASDAQ") System, the Fair Market Value of a Share of Common Stock
shall be the closing sales price for such stock (or the closing bid, if no sales
were reported) as quoted on such system or exchange (or the exchange with the
greatest volume of trading in Common Stock) on the last market trading day prior
to the day of determination, as reported in the Wall Street Journal or such
other source as the Administrator deems reliable;
(ii) If the Common Stock is quoted on the NASDAQ System
(but not on the National Market System thereof) or is regularly quoted by a
recognized securities dealer but selling prices are not reported, the Fair
Market Value of a Share of Common Stock shall be the mean between the high bid
and low asked prices for the Common Stock on the last market trading day prior
to the day of determination, as reported in the Wall Street Journal or such
other source as the Administrator deems reliable;
(iii) In the absence of an established market for the
Common Stock, the Fair Market Value shall be determined in good faith by the
Administrator as required.
"Incentive Stock Option" means an Option intended to qualify as
an incentive stock option within the meaning of Section 422(b) of the Code and
the regulations promulgated thereunder.
2
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"Nonstatutory Stock Option" means an Option not intended to
qualify as an incentive stock option within the meaning of Section 422(b) of the
Code and the regulations promulgated thereunder
"Officer" means a person who is an officer of the Company within
the meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.
"Option" means a stock option granted pursuant to the Plan.
"Option Agreement" means a written agreement between the Company
and an Optionee evidencing the terms and conditions of an individual Option
grant. The Option Agreement is subject to the terms and conditions of the Plan,
but may be modified in the discretion of the Administrator.
"Option Exchange Program" means a program whereby outstanding
Options are surrendered in exchange for Options with a lower exercise price.
"Optioned Stock" means the Common Stock subject to an Option.
"Optionee" means an Employee, Consultant or Director who holds
an outstanding Option.
"Parent" means a "parent corporation" (other than the Company),
whether now or hereafter existing, as defined in Section 424(e) of the Code.
"Plan" means this 1999 Management Incentive Stock Option Plan of
VoiceStream Wireless Corporation, as it may be amended.
"Publicly Traded" means that the Common Stock is listed on an
established stock exchange or traded on the NASDAQ Stock Market.
"Rule 16b-3" means Rule 16b-3 under the Exchange Act or any
successor to Rule 16b-3, as in effect when discretion is being exercised with
respect to the Plan.
"Service" means service as an Employee.
"Share" means one share of the Common Stock, as adjusted in
accordance with Section 8 hereof.
"Subsidiary" means a "subsidiary corporation" (other than the
Company), whether now or hereafter existing, as defined in Section 424(f) of the
Code.
3
<PAGE> 4
3. STOCK SUBJECT TO THE PLAN. Shares offered under the Plan shall be
authorized but unissued or reacquired Common Stock. The maximum aggregate number
of Shares issuable under the Plan shall not exceed seven million, six hundred
thousand (7,600,000) Shares of the Company, subject to (i) adjustment pursuant
to Section 8 hereof, or (ii) amendment hereof approved by the shareholders of
the Company. If an outstanding Option for any reason expires or is terminated or
canceled or otherwise becomes unexercisable before being exercised in full, or
is surrendered pursuant to an Option Exchange Program, the Shares allocable to
the unexercised portion of such Option will not be charged against the
limitations of this Section and will become available for future grant or sale
under the Plan. Shares issued pursuant to the exercise of an Option that are
repurchased by the Company will not be available for subsequent Option grants
under the Plan.
4. ADMINISTRATION OF THE PLAN. The Plan shall be administered by a
Committee appointed by the Board consisting of two or more members of the Board,
which Committee shall be constituted to comply with Applicable Laws, including
Rule 16b-3, if applicable. If no such Committee is appointed, the Plan shall be
administered by the Board. The members of a Committee will serve for such term
as the Board may determine. From time to time, the Board may increase the size
of the Committee and appoint additional members, remove members, fill vacancies
(however caused), and remove all members of the Committee and thereafter
directly administer the Plan. Decisions of a Committee made within the
discretion delegated to it by the Board will be final and binding on all persons
who have an interest in the Plan.
(a) Administration With Respect to Directors and Officers Subject
to Section 16(b). The composition of any Committee responsible for
administration of the Plan with respect to Optionees who are subject to the
trading restrictions of Section 16(b) of the Exchange Act with respect to
securities of the Company will comply with the applicable requirements of Rule
16b-3.
(b) Authority of the Administrator. The Administrator of the Plan
will have full authority to administer the Plan within the scope of its
delegated responsibilities, including authority to interpret and construe any
relevant provision of the Plan, to adopt such rules and regulations as it may
deem necessary, and to determine the terms and conditions of Option grants made
under the Plan (which need not be identical). Without limiting the foregoing,
the Administrator will have the authority, in its discretion:
(i) to determine whether and to what extent Options are
granted hereunder;
(ii) to select the Employees to whom Options may be
granted hereunder;
4
<PAGE> 5
(iii) to determine the number of Shares to be covered by
each Option granted hereunder;
(iv) to determine the Fair Market Value of the Common
Stock;
(v) to approve forms of the Option Agreement for use under
the Plan;
(vi) to determine the time period during which an Option
may be exercised, provided that the time period for an Incentive Stock Option
may not be more than ten (10) years;
(vii) to determine the terms and conditions not
inconsistent with those of the Plan, of any award of an Option granted
hereunder, including, but not limited to, the Exercise Price; the time or times
when Options may be exercised; all vesting provisions; any waiver of forfeiture
restrictions; and any restriction or limitation regarding any Option or the
Shares relating thereto, based in each case on such factors as the
Administrator, in its sole discretion, shall determine;
(viii) to determine whether and to what extent the Company
should grant or permit loans or guarantee loans in connection with the grant or
the exercise of an Option by an Optionee pursuant to Section 12 hereof;
(ix) with the consent of the affected Optionee, to effect,
at any time and from time to time, the cancellation of any or all outstanding
Options under the Plan and to grant new Options in substitution therefor, in
accordance with Section 14 hereof;
(x) to prescribe, amend and rescind rules and regulations
relating to the Plan;
(xi) to modify, amend or waive the terms, conditions and
restrictions of any outstanding Option; provided, however, no such modification,
amendment or waiver shall, without the written consent of the Optionee, impair
the Optionee's rights or increase the Optionee's obligations with respect to
such Option;
(xii) to authorize any person to execute on behalf of the
Company any instrument required to effect the grant of an Option previously
granted by the Administrator;
(xiii) to institute an Option Exchange Program; and
(xiv) to make all other determinations deemed necessary or
advisable for administering the Plan.
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<PAGE> 6
(c) Effect of Administrator's Decision. The Administrator's
decisions, determinations and interpretations shall be final and binding on all
Optionees and any other holders of Options.
5. ELIGIBILITY. From time to time, the Administrator may, in its
discretion, select individuals from among the Employees, Directors and
Consultants of the Company or any of its Subsidiaries to receive Options under
the Plan.
6. TERMS AND CONDITIONS OF OPTIONS.
(a) Option Agreement. Each Option granted under the Plan will be
evidenced by an Option Agreement between the Optionee and the Company. Such
Options will be subject to all applicable terms and conditions of the Plan and
such instruments may contain other terms and conditions which are not
inconsistent with the purpose of the Plan and which the Administrator deems
appropriate for inclusion in an Option Agreement. The provisions of the various
Option Agreements entered into under the Plan need not be identical.
(b) Number of Shares. Each Option Agreement shall specify the
number of Shares that are subject to the Option and shall provide for the
adjustment of such number in accordance with Section 8 hereof.
(c) Character of Options. Each Option granted under the Plan
shall be designated in the Option Agreement as either a Nonstatutory Stock
Option or an Incentive Stock Option, as the case may be.
(d) Exercise Price. Each Option Agreement shall specify the
Exercise Price. Subject to the discretion of the Administrator, the Exercise
Price of an Option shall be the Fair Market Value per Share on the date of
grant.
(e) Payment. The Exercise Price of each Option will be payable
immediately and in full upon exercise; provided, however, that the Administrator
may, either at the time the Option is granted or at the time it is exercised and
subject to such limitations as it may determine, authorize payment of all or a
portion of the Exercise Price in one or a combination of the following forms:
(i) cash;
(ii) check;
(iii) a promissory note (but only if authorized or allowed
pursuant to Sections 12 and 22(e) hereof);
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<PAGE> 7
(iv) other Shares of Common Stock which have a Fair Market
Value on the date of surrender equal to the aggregate Exercise Price of the
Shares as to which the Option will be exercised;
(v) delivery of a properly executed exercise notice
together with irrevocable instructions to a broker to promptly deliver to the
Company the amount of sale or loan proceeds to pay the Exercise Price;
(vi) utilization of the cashless exercise method described
in Section 6(h) hereof;
(vii) any combination of the foregoing methods of payment;
or
(viii) such other consideration and method of payment for
the issuance of Shares to the extent permitted by Applicable Laws.
In the event that the Company's Common Stock is Publicly Traded,
unless otherwise provided in the Option Agreement, the methods of payment set
forth in subparagraphs (iii) and (vi) above shall not be permitted hereunder.
(f) Exercisability. Each Option Agreement shall specify the date
when all or any portion of the Option will become exercisable, any conditions
which must be satisfied before the Option may be exercised and the term of the
Option.
(g) Nontransferability of Options. An Option may not be sold,
pledged, assigned, hypothecated, transferred or disposed of in any manner other
than by will or by the laws of descent and distribution and may be exercised,
during the lifetime of the Optionee, only by the Optionee.
(h) Termination of Employment. In the event that an Optionee's
employment by the Company or a Parent or Subsidiary terminates (other than upon
the Optionee's death or Disability), or a Subsidiary ceases to be a Subsidiary
(in which even the employment of such company's employees will be deemed to be
terminated under this Plan), the Optionee may exercise his or her Option, but
only within such applicable period of time as is set forth below, and only to
the extent that the Optionee was entitled to exercise it at the date of
termination (but in no event later than the expiration of the term of such
Option as set forth in the Option Agreement). If, after termination, the
Optionee does not exercise his or her Option within the applicable time period
specified below, the Option shall terminate. For purposes of this Subsection
6(h), the Optionee's employment shall not be considered to have been terminated
in the case of any leave of absence approved by the Board, including sick leave,
military leave, or any other personal leave. For Incentive Stock Options,
Optionee shall have a period of three (3) months from the date of termination of
employment. For Nonstatutory Stock Options, in the event that the Common Stock
of the Company is then Publicly Traded, Optionee shall have a
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<PAGE> 8
period of six (6) months and one day from the date of termination of employment,
and in the event that the Common Stock of the Company is not then Publicly
Traded, Optionee shall have a period of twelve (12) months and one day from the
date of termination of employment. During the applicable period the Optionee may
either (i) exercise his or her Option by delivery of the Exercise Price pursuant
to Section 7 hereof or, if the Common Stock of the Company is not then Publicly
Traded and if provided for in Optionee's Option Agreement, (ii) deliver the
requisite Exercise Price by utilizing a cashless election procedure at a price
per share equal to the Fair Market Value of a Share of Common Stock as of the
date of termination of employment (provided that the Administrator is not
otherwise prohibited by Company loan agreements or related contractual
obligations from permitting such cashless election procedure). The cashless
election procedure is also available to Optionee, at anytime prior to
termination of employment, if provided for as a designated method in the Option
Agreement and subject to the other terms and conditions of the Plan and the
Option Agreement. If the Company is publicly traded, the Company, working with
the brokerage firm, if any, designated by the Company to facilitate exercises of
options and sales of shares under this Plan, may from time to time amend the
procedures set forth herein and may specify additional or different procedures
for a cashless exercise for any or all Optionees. Optionee shall be responsible
for satisfying all applicable federal, state, local and employment tax
withholding requirements associated with such exercise and must evidence the
ability to satisfy such withholding requirements prior to such exercise.
(i) Disability of Optionee. In the event that an Optionee's
employment terminates as a result of the Optionee's Disability, the Optionee may
exercise his or her Option at any time within twelve (12) months from the date
of such termination, but only to the extent that the Optionee was entitled to
exercise it at the date of such termination (but in no event later than the
expiration of the term of such Option as set forth in the Option Agreement). If,
after termination of employment, the Optionee does not exercise his or her
Option within the time specified herein, the Option shall terminate.
(j) Death of Optionee. In the event of the death of an Optionee,
the Option may be exercised at any time within twenty-four (24) months following
the date of death (but in no event later than the expiration of the term of such
Option as set forth in the Option Agreement), by the Optionee's estate or by a
person who acquired the right to exercise the Option by bequest or inheritance,
but only to the extent that the Optionee was entitled to exercise the Option at
the date of death. If, after death, the Optionee's estate or a person who
acquired the right to exercise the Option by bequest or inheritance does not
exercise the Option within the time specified herein, the Option shall
terminate.
7. PROCEDURE FOR EXERCISE. Any Option granted hereunder shall be
exercisable according to the terms of the Plan and at such times and under such
conditions as determined by the Administrator and set forth in the Option
Agreement. An Option may not be exercised for a fraction of a Share.
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<PAGE> 9
An Option shall be deemed exercised when the Company receives: (i)
written notice of exercise (in accordance with the Option Agreement) from the
person entitled to exercise the Option, and (ii) full payment for the Shares
with respect to which the Option is exercised. Full payment may consist of any
consideration and method of payment authorized by the Administrator and
permitted in the Option Agreement and the Plan. If the Company is publicly
traded, the Company, working with the brokerage firm, if any, designated by the
Company to facilitate exercises of options and sales of shares under this Plan,
may from time to time amend the procedures set forth herein and may specify
additional or different procedures.
Shares issued upon exercise of an Option shall be issued in the name of
the Optionee or, if requested by the Optionee, in the name of the Optionee and
his or her spouse. Until the stock certificate evidencing such Shares is issued
(as evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to vote or receive dividends
or any other rights as a shareholder shall exist with respect to the Optioned
Stock, notwithstanding the exercise of the Option. The Company will issue or
cause to be issued such stock certificate promptly after the Option is
exercised. No adjustment will be made for a dividend or other right for which
the record date is prior to the date the stock certificate is issued, except as
provided in Section 8 hereof.
8. ADJUSTMENTS.
(a) Changes in Capitalization. In the event of a stock split,
reverse stock split, stock dividend, combination or reclassification of the
Common Stock, or any other increase or decrease in the number of issued shares
of Common Stock effected without receipt of consideration by the Company, the
number of shares of Common Stock covered by each outstanding Option, and the
number of shares of Common Stock which have been authorized for issuance under
the Plan but as to which no Options have yet been granted or which have been
returned to the Plan upon cancellation or expiration of an Option, as well as
the price per share of Common Stock covered by each such outstanding Option,
shall be proportionately adjusted for any increase or decrease in the number of
issued shares of Common Stock. Any conversion of any convertible securities of
the Company shall not be deemed to have been "effected without receipt of
consideration." Such adjustment shall be made by the Board, whose determination
in that respect shall be final, binding and conclusive. Except as expressly
provided herein, no issuance by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number or price
of shares of Common Stock subject to an Option.
(b) Corporate Structure. In the event of a merger, consolidation,
acquisition of property or stock, separation, reorganization or other change to
the capital or business structure of the Company (including, without limitation,
by means of an exchange offer or other transaction) (collectively, a
"Reorganization") the effect of which is to organize a parent company of the
Company which will own not less than 50% of the capital stock of the Company
9
<PAGE> 10
(such parent company is hereinafter referred to as "Company Holdings" ), the
Administrator shall have the authority to effect, without the consent of the
Optionees, (x) the cancellation of all outstanding Options granted under the
Plan and substitute therefor options to purchase shares of Company Holdings
("New Options"), or (y) the assumption by Company Holdings of Options granted
under the Plan; provided, however, that (i) immediately after the Reorganization
the excess of the aggregate fair market value of all shares subject to New
Options over the aggregate option prices of all shares subject to New Options
shall equal but not be more than the excess of the aggregate fair market value
immediately preceding the Reorganization of all shares subject to Options
granted under the Plan over the aggregate option prices of all shares subject to
Options granted under the Plan, and (ii) New Options, or the assumption or
substitution of Options granted under the Plan, do not give an Optionee
additional benefits which such Optionee did not have under Options granted under
the Plan. Such a Reorganization shall not be treated as a Triggering Event or a
Change of Control (as defined in the Option Agreement, as applicable) for
purposes of the Plan and related Option Agreement. The grant of Options under
this Plan will in no way affect the right of the Company to adjust, reclassify,
reorganize, or otherwise change its capital or business structure or to merge,
consolidate, dissolve, liquidate, sell or transfer all or any part of its
business or assets or effect any other Reorganization.
(c) Substitutions and Assumptions. The Board shall have the right
to substitute or assume options in connection with mergers, reorganizations,
separations, or other "corporate transactions" as that term is defined in and
said substitutions and assumptions are permitted by Section 424 of the Code (as
however amended or superseded) and the regulations promulgated thereunder. Any
shares or Options issued upon the assumption of or in substitution for
outstanding awards made by a corporation or other business entity acquired by
the Company shall not reduce the number of Shares or Options issuable under the
Plan (unless such shares or Options are made available to individuals who
become, upon the acquisition, an Officer or otherwise an individual subject to
Section 16 of the Exchange Act).
9. DATE OF GRANT. Subject to applicable statutory approval, the date of
the grant of an Option shall be, for all purposes, the date on which the
Administrator makes the determination to grant such Option, or such other date
as is determined by the Administrator. Notice of the determination to grant an
Option shall be provided to the Optionee within a reasonable time after the date
of such grant.
10. NO EMPLOYMENT RIGHTS. Neither the Plan nor any Option shall confer
upon any Employee any right to continue in the employ of the Company of any
affiliate or constitute a contract or agreement of employment or interfere in
any way with any right that the Company or an affiliate may have to reduce such
Employee's compensation or to terminate such Employee's employment at any time
with or without cause; however, nothing contained in the Plan or in any Option
granted under the Plan shall affect any contractual rights of an Employee
pursuant to a written employment agreement.
10
<PAGE> 11
11. AMENDMENT AND TERMINATION OF THE PLAN.
(a) Amendment and Termination. The Board may at any time amend,
alter, suspend or terminate the Plan in whole or in part.
(b) Shareholder Approval. The Company shall obtain shareholder
approval of any Plan amendment in such a manner and to the extent necessary and
desirable to comply with Rule 16b-3 or with Section 422 of the Code (or with any
successor rule or statute or other Applicable Law, rule or regulation including
the requirements of any exchange or quotation system on which the Common Stock
is then listed or quoted).
(c) Effect of Amendment or Termination. No amendment, alteration,
suspension or termination of the Plan shall impair the rights or increase the
obligations of any Optionee, unless mutually agreed otherwise between the
Optionee and the Administrator, which agreement must be in writing and signed by
the Optionee and the Company.
12. LOANS. In order to assist an Optionee in the acquisition of Shares
pursuant to an Option granted under the Plan, the Administrator may authorize,
at either the time of the grant of an Option or the time of the acquisition of
Shares under the Option, (i) the extension of a loan to the Optionee by the
Company, or (ii) the guarantee by the Company of a loan obtained by the Optionee
from a third party. The terms of any loans or guarantees, including the amount,
interest rate and terms of repayment, will be subject to the discretion of the
Administrator and applicable covenants contained in Company loan agreements.
Loans and guarantees may be granted without security, the maximum credit
available being the Exercise Price of the Shares acquired plus the maximum
federal and state income and employment tax liability that may be incurred in
connection with the acquisition.
13. WITHHOLDING.
(a) Obligation. The Company's obligation to deliver stock
certificates upon the exercise of an Option will be subject to the Optionee's
satisfaction, in the Administrator's sole discretion, of all applicable federal,
state and local income and employment tax withholding requirements.
(b) Payment. In the event that an Optionee is required to pay to
the Company an amount with respect to income and employment tax withholding
obligations in connection with the exercise of an Option, the Administrator may,
in its discretion and subject to such limitations and rules as it may adopt,
permit the Optionee to satisfy the obligation, in whole or in part, by
delivering shares of Common Stock already held by the Optionee or by making an
irrevocable election that a portion of the total value of the Shares subject to
the Option be paid in the form of cash in lieu of the issuance of Common Stock,
and that such cash payment be applied to the satisfaction of the withholding
obligations.
11
<PAGE> 12
14. OPTION EXCHANGE PROGRAM. The Administrator will have the authority
to effect, at any time and from time to time, with the consent of the affected
Optionees, the cancellation of any or all outstanding Options under the Plan and
to grant in substitution therefor new Options under the Plan covering the same
or different numbers of Shares, but, in accordance with Section 6 hereof, having
an Exercise Price not less than one hundred percent (100%) of the Fair Market
Value on the new grant date, unless otherwise permitted by the Administrator.
15. COMPLIANCE WITH FEDERAL AND STATE LAWS. Shares will not be issued
pursuant to the exercise of an Option unless the exercise of such Option and the
issuance and delivery of such Shares shall comply with all relevant provisions
of law and the requirements of any stock exchange or quotation system upon which
the Shares may then be listed or quoted, and shall be further subject to the
approval of counsel for the Company with respect to such compliance.
As a condition to the grant or exercise of an Option, or to the issuance
of any Shares under any Option, the Administrator may require the Optionee to
provide such written representations, covenants, warranties and agreements
which, in the opinion of counsel for the Company, are required to comply with
applicable law or satisfy the requirements of any stock exchange or quotation
system upon which the Shares may then be listed or quoted.
The Company undertakes to use all reasonable efforts to either register
the Shares of Common Stock issuable upon exercise of an Option or assure that an
exemption from registration is available in connection with such exercise. In
the event that the Company shall deem it necessary or desirable to register any
shares of Common Stock with respect to which the Option shall have been or may
be exercised, or to qualify any such shares for exemptions pursuant to
applicable statutes, then the Company may take such action and may require from
the Optionee such information in writing for use in any registration statement,
supplementary registration statement, prospectus, preliminary prospectus,
offering circular or any other document that is reasonably necessary for such
purpose and may require reasonable indemnity to the Company and its officers and
directors from the Optionee against all losses, claims, damage and liabilities
arising from such use of the information so furnished and caused by any untrue
statement of any material fact therein or caused by the omission to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances under which they were
made.
16. RESERVATION OF SHARES. During the term of this Plan, the Company
will at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan.
17. GRANTS EXCEEDING ALLOTTED SHARES. If the Optioned Stock covered by
an Option exceeds, as of the date of grant, the number of Shares which may be
issued under
12
<PAGE> 13
the Plan without additional shareholder approval, such Option shall be void with
respect to such excess Optioned Stock, unless approved by the Board and
shareholder approval of an amendment sufficiently increasing the number of
Shares subject to the Plan is timely obtained in accordance with Section 11
hereof.
18. EFFECTIVE DATE; SHAREHOLDER APPROVAL; TERM OF PLAN. The effective
date of the Plan shall be the date of its adoption by the Board and approval by
the shareholders of the Company. Options may be granted by the Administrator as
provided herein subject to such subsequent shareholder approval. The Plan shall
continue for a term of ten (10) years from the date of original approval by the
Board unless terminated earlier under Section 11 hereof.
19. RULE 16b-3. Notwithstanding any provision of the Plan, the Plan
shall always be administered, and Options shall always be granted and exercised,
in such a manner as to conform to the provisions of Rules 16b-3, unless the
Administrator determines that Rule 16b-3 is not applicable to the Plan.
20. GOVERNING LAW. The Plan shall be governed by and construed in
accordance with the laws of the state of Washington.
21. USE OF PROCEEDS. All cash proceeds to the Company under the Plan
shall constitute general funds of the Company.
22. TERMS APPLICABLE TO INCENTIVE STOCK OPTIONS ONLY. In addition to,
and notwithstanding, the other provisions hereof that apply to all Options
granted pursuant to this Plan, the following paragraphs shall apply to any
options granted under this Plan which are Incentive Stock Options.
(a) Conformance with the Code:
Options granted under this Plan which are "Incentive Stock Options"
shall conform to, be governed by, and be interpreted in accordance with Section
422 of the Code and any regulations promulgated thereunder and amendments to the
Code and Regulations. Only Employees may be granted Incentive Stock Options
hereunder.
(b) Option Price:
The option or purchase price of each Share optioned under the Incentive
Stock Option provisions of this Plan shall be determined by the Board at the
time of the action for the granting of the option but shall not, in any event,
be less than the Fair Market Value of the Company's common stock on the date of
grant.
13
<PAGE> 14
(c) Limitation on Amount of Incentive Stock Option:
The aggregate Fair Market Value of the Incentive Stock Options
(determined on the date of grant) with respect to which an employee has the
right to purchase vesting in any one calendar year (under all Plans of the
Company, its Subsidiaries, and any parent corporation) shall not exceed
$100,000.
(d) Limitation on Grants to Substantial Shareholders:
An Employee may not, immediately prior to the grant of an Incentive
Stock Option hereunder, own stock in the Company representing more than ten
percent (10%) of the total combined voting power of all classes of stock of the
Company unless the per share option price specified by the Board for the
Incentive Stock Options granted such an Employee is at least one hundred ten
percent (110%) of the Fair Market Value of the Company's stock on the date of
grant and such option, by its terms, is not exercisable after the expiration of
five (5) years from the date such option is granted.
(e) Method of Exercise of Option:
The amount to be paid by the Optionee upon exercise of an Incentive
Stock Option shall be the full purchase price thereof provided in the option.
14
<PAGE> 1
EXHIBIT 5.1
Opinion and Consent of Counsel
April 30, 1999
VoiceStream Wireless Corporation
3650 131st Avenue S.E.
Bellevue, Washington 98006
Re: Registration Statement on Form S-8 of VoiceStream Wireless
Corporation
Ladies and Gentlemen:
We have acted as counsel to VoiceStream Wireless Corporation (the
"Company") in connection with the filing of the above-referenced Registration
Statement (the "Registration Statement") relating to the registration of shares
(the "Shares") of Common Stock, no par value per share, of the Company that may
be issued pursuant to the VoiceStream Wireless Corporation 1999 Management
Incentive Stock Option Plan (the "Plan").
In connection therewith, we have reviewed the Company's Articles of
Incorporation, Bylaws and minutes of appropriate meetings, and we are familiar
with the proceedings to date with respect to the Plan and the proposed issuance
and sale of the Shares and have examined such records, documents and questions
of law, and have satisfied ourselves as to such matters of fact, as we have
considered relevant and necessary as a basis for this opinion.
Based on the foregoing, it is our opinion that:
1. The Company is duly incorporated and validly existing under the laws
of the State of Washington.
2. The Shares, as and when acquired in accordance with the terms and
conditions of the Plan, will be legally issued, fully paid and non-assessable
under the Washington Business Corporation Act when certificates representing the
Shares shall have been duly executed, countersigned and registered and duly
delivered to the purchasers thereof against payment of the agreed consideration
therefor.
We do not find it necessary for the purposes of this opinion to cover,
and accordingly we express no opinion as to, the application of the securities
or blue sky laws of the various states to the sale of the Shares.
<PAGE> 2
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to all references to our firm included in or made a
part of the Registration Statement.
Very truly yours,
PRESTON GATES & ELLIS LLP
By /s/ G. Scott Greenburg
G. Scott Greenburg
<PAGE> 1
EXHIBIT 23.2
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference in this Registration Statement on Form S-8 of our report dated
February 18, 1999, which report appears in the Registration Statement on
Form 10/A (Commission File No. 0-25441) and to all references to our Firm
included in this Registration Statement.
/s/ ARTHUR ANDERSEN LLP
Seattle, Washington
April 26, 1999
<PAGE> 1
EXHIBIT 24.1
POWER OF ATTORNEY
The undersigned, a Director and/or Officer of VoiceStream
Wireless Corporation, a Washington corporation (the "Company"), does hereby
constitute and appoint Alan Bender and John Stanton his or her true and lawful
attorneys and agents, each with full power and authority (acting alone and
without the other) to execute in the name and on behalf of the undersigned as
such Director and/or Officer, Registration Statements on Form S-8 under the
Securities Act of 1933, as amended, with respect to (i) registration of
7,600,000 shares of the Company's common stock, no par value, which may be
issued upon the exercise of stock options granted pursuant to the VoiceStream
Wireless Corporation 1999 Management Incentive Stock Option Plan, (ii)
registration of 1,000,000 shares of the Company's common stock, no par value,
which may be issued pursuant to the VoiceStream Wireless Corporation 1999
Employee Stock Purchase Plan, and (iii) registration of 200,000 shares of the
Company's common stock, no par value, which may be issued pursuant to the
VoiceStream Wireless Corporation 1999 Executive Restricted Stock Plan, and to
execute any and all amendments to such Registration Statements, whether filed
prior or subsequent to the time such Registration Statement becomes effective.
The undersigned hereby grants unto such attorneys and agents, and each of them,
full power of substitution and revocation in the premises and hereby ratifies
and confirms all that such attorneys and agents may do or cause to be done by
virtue of these presents.
Dated this 26th day of April, 1999.
/s/ Daniel J. Evans
---------------------------------------
Daniel J. Evans
<PAGE> 2
POWER OF ATTORNEY
The undersigned, a Director and/or Officer of VoiceStream
Wireless Corporation, a Washington corporation (the "Company"), does hereby
constitute and appoint Alan Bender and John Stanton his or her true and lawful
attorneys and agents, each with full power and authority (acting alone and
without the other) to execute in the name and on behalf of the undersigned as
such Director and/or Officer, Registration Statements on Form S-8 under the
Securities Act of 1933, as amended, with respect to (i) registration of
7,600,000 shares of the Company's common stock, no par value, which may be
issued upon the exercise of stock options granted pursuant to the VoiceStream
Wireless Corporation 1999 Management Incentive Stock Option Plan, (ii)
registration of 1,000,000 shares of the Company's common stock, no par value,
which may be issued pursuant to the VoiceStream Wireless Corporation 1999
Employee Stock Purchase Plan, and (iii) registration of 200,000 shares of the
Company's common stock, no par value, which may be issued pursuant to the
VoiceStream Wireless Corporation 1999 Executive Restricted Stock Plan, and to
execute any and all amendments to such Registration Statements, whether filed
prior or subsequent to the time such Registration Statement becomes effective.
The undersigned hereby grants unto such attorneys and agents, and each of them,
full power of substitution and revocation in the premises and hereby ratifies
and confirms all that such attorneys and agents may do or cause to be done by
virtue of these presents.
Dated this 26th day of April, 1999.
/s/ John L. Bunce, Jr.
---------------------------------------
John L. Bunce, Jr.
<PAGE> 3
POWER OF ATTORNEY
The undersigned, a Director and/or Officer of VoiceStream
Wireless Corporation, a Washington corporation (the "Company"), does hereby
constitute and appoint Alan Bender and John Stanton his or her true and lawful
attorneys and agents, each with full power and authority (acting alone and
without the other) to execute in the name and on behalf of the undersigned as
such Director and/or Officer, Registration Statements on Form S-8 under the
Securities Act of 1933, as amended, with respect to (i) registration of
7,600,000 shares of the Company's common stock, no par value, which may be
issued upon the exercise of stock options granted pursuant to the VoiceStream
Wireless Corporation 1999 Management Incentive Stock Option Plan, (ii)
registration of 1,000,000 shares of the Company's common stock, no par value,
which may be issued pursuant to the VoiceStream Wireless Corporation 1999
Employee Stock Purchase Plan, and (iii) registration of 200,000 shares of the
Company's common stock, no par value, which may be issued pursuant to the
VoiceStream Wireless Corporation 1999 Executive Restricted Stock Plan, and to
execute any and all amendments to such Registration Statements, whether filed
prior or subsequent to the time such Registration Statement becomes effective.
The undersigned hereby grants unto such attorneys and agents, and each of them,
full power of substitution and revocation in the premises and hereby ratifies
and confirms all that such attorneys and agents may do or cause to be done by
virtue of these presents.
Dated this 23d day of April, 1999.
/s/ Michell R. Cohen
---------------------------------------
Mitchell R. Cohen
<PAGE> 4
POWER OF ATTORNEY
The undersigned, a Director and/or Officer of VoiceStream
Wireless Corporation, a Washington corporation (the "Company"), does hereby
constitute and appoint Alan Bender and John Stanton his or her true and lawful
attorneys and agents, each with full power and authority (acting alone and
without the other) to execute in the name and on behalf of the undersigned as
such Director and/or Officer, Registration Statements on Form S-8 under the
Securities Act of 1933, as amended, with respect to (i) registration of
7,600,000 shares of the Company's common stock, no par value, which may be
issued upon the exercise of stock options granted pursuant to the VoiceStream
Wireless Corporation 1999 Management Incentive Stock Option Plan, (ii)
registration of 1,000,000 shares of the Company's common stock, no par value,
which may be issued pursuant to the VoiceStream Wireless Corporation 1999
Employee Stock Purchase Plan, and (iii) registration of 200,000 shares of the
Company's common stock, no par value, which may be issued pursuant to the
VoiceStream Wireless Corporation 1999 Executive Restricted Stock Plan, and to
execute any and all amendments to such Registration Statements, whether filed
prior or subsequent to the time such Registration Statement becomes effective.
The undersigned hereby grants unto such attorneys and agents, and each of them,
full power of substitution and revocation in the premises and hereby ratifies
and confirms all that such attorneys and agents may do or cause to be done by
virtue of these presents.
Dated this 26th day of April, 1999.
/s/ Jonathan M. Nelson
---------------------------------------
Jonathan M. Nelson
<PAGE> 5
POWER OF ATTORNEY
The undersigned, a Director and/or Officer of VoiceStream
Wireless Corporation, a Washington corporation (the "Company"), does hereby
constitute and appoint Alan Bender and John Stanton his or her true and lawful
attorneys and agents, each with full power and authority (acting alone and
without the other) to execute in the name and on behalf of the undersigned as
such Director and/or Officer, Registration Statements on Form S-8 under the
Securities Act of 1933, as amended, with respect to (i) registration of
7,600,000 shares of the Company's common stock, no par value, which may be
issued upon the exercise of stock options granted pursuant to the VoiceStream
Wireless Corporation 1999 Management Incentive Stock Option Plan, (ii)
registration of 1,000,000 shares of the Company's common stock, no par value,
which may be issued pursuant to the VoiceStream Wireless Corporation 1999
Employee Stock Purchase Plan, and (iii) registration of 200,000 shares of the
Company's common stock, no par value, which may be issued pursuant to the
VoiceStream Wireless Corporation 1999 Executive Restricted Stock Plan, and to
execute any and all amendments to such Registration Statements, whether filed
prior or subsequent to the time such Registration Statement becomes effective.
The undersigned hereby grants unto such attorneys and agents, and each of them,
full power of substitution and revocation in the premises and hereby ratifies
and confirms all that such attorneys and agents may do or cause to be done by
virtue of these presents.
Dated this 26th day of April, 1999.
/s/ Terence M. O'Toole
---------------------------------------
Terence M. O'Toole
<PAGE> 6
POWER OF ATTORNEY
The undersigned, a Director and/or Officer of VoiceStream
Wireless Corporation, a Washington corporation (the "Company"), does hereby
constitute and appoint Alan Bender and John Stanton his or her true and lawful
attorneys and agents, each with full power and authority (acting alone and
without the other) to execute in the name and on behalf of the undersigned as
such Director and/or Officer, Registration Statements on Form S-8 under the
Securities Act of 1933, as amended, with respect to (i) registration of
7,600,000 shares of the Company's common stock, no par value, which may be
issued upon the exercise of stock options granted pursuant to the VoiceStream
Wireless Corporation 1999 Management Incentive Stock Option Plan, (ii)
registration of 1,000,000 shares of the Company's common stock, no par value,
which may be issued pursuant to the VoiceStream Wireless Corporation 1999
Employee Stock Purchase Plan, and (iii) registration of 200,000 shares of the
Company's common stock, no par value, which may be issued pursuant to the
VoiceStream Wireless Corporation 1999 Executive Restricted Stock Plan, and to
execute any and all amendments to such Registration Statements, whether filed
prior or subsequent to the time such Registration Statement becomes effective.
The undersigned hereby grants unto such attorneys and agents, and each of them,
full power of substitution and revocation in the premises and hereby ratifies
and confirms all that such attorneys and agents may do or cause to be done by
virtue of these presents.
Dated this 26th day of April, 1999.
/s/ Robert R. Stapleton
---------------------------------------
Robert R. Stapleton
<PAGE> 7
POWER OF ATTORNEY
The undersigned, a Director and/or Officer of VoiceStream
Wireless Corporation, a Washington corporation (the "Company"), does hereby
constitute and appoint Alan Bender and John Stanton his or her true and lawful
attorneys and agents, each with full power and authority (acting alone and
without the other) to execute in the name and on behalf of the undersigned as
such Director and/or Officer, Registration Statements on Form S-8 under the
Securities Act of 1933, as amended, with respect to (i) registration of
7,600,000 shares of the Company's common stock, no par value, which may be
issued upon the exercise of stock options granted pursuant to the VoiceStream
Wireless Corporation 1999 Management Incentive Stock Option Plan, (ii)
registration of 1,000,000 shares of the Company's common stock, no par value,
which may be issued pursuant to the VoiceStream Wireless Corporation 1999
Employee Stock Purchase Plan, and (iii) registration of 200,000 shares of the
Company's common stock, no par value, which may be issued pursuant to the
VoiceStream Wireless Corporation 1999 Executive Restricted Stock Plan, and to
execute any and all amendments to such Registration Statements, whether filed
prior or subsequent to the time such Registration Statement becomes effective.
The undersigned hereby grants unto such attorneys and agents, and each of them,
full power of substitution and revocation in the premises and hereby ratifies
and confirms all that such attorneys and agents may do or cause to be done by
virtue of these presents.
Dated this 26th day of April, 1999.
/s/ Donald Guthrie
---------------------------------------
Donald Guthrie
<PAGE> 8
POWER OF ATTORNEY
The undersigned, a Director and/or Officer of VoiceStream
Wireless Corporation, a Washington corporation (the "Company"), does hereby
constitute and appoint Alan Bender and John Stanton his or her true and lawful
attorneys and agents, each with full power and authority (acting alone and
without the other) to execute in the name and on behalf of the undersigned as
such Director and/or Officer, Registration Statements on Form S-8 under the
Securities Act of 1933, as amended, with respect to (i) registration of
7,600,000 shares of the Company's common stock, no par value, which may be
issued upon the exercise of stock options granted pursuant to the VoiceStream
Wireless Corporation 1999 Management Incentive Stock Option Plan, (ii)
registration of 1,000,000 shares of the Company's common stock, no par value,
which may be issued pursuant to the VoiceStream Wireless Corporation 1999
Employee Stock Purchase Plan, and (iii) registration of 200,000 shares of the
Company's common stock, no par value, which may be issued pursuant to the
VoiceStream Wireless Corporation 1999 Executive Restricted Stock Plan, and to
execute any and all amendments to such Registration Statements, whether filed
prior or subsequent to the time such Registration Statement becomes effective.
The undersigned hereby grants unto such attorneys and agents, and each of them,
full power of substitution and revocation in the premises and hereby ratifies
and confirms all that such attorneys and agents may do or cause to be done by
virtue of these presents.
Dated this 26th day of April, 1999.
/s/ Canning Fok
---------------------------------------
Canning Fok
<PAGE> 9
POWER OF ATTORNEY
The undersigned, a Director and/or Officer of VoiceStream
Wireless Corporation, a Washington corporation (the "Company"), does hereby
constitute and appoint Alan Bender and John Stanton his or her true and lawful
attorneys and agents, each with full power and authority (acting alone and
without the other) to execute in the name and on behalf of the undersigned as
such Director and/or Officer, Registration Statements on Form S-8 under the
Securities Act of 1933, as amended, with respect to (i) registration of
7,600,000 shares of the Company's common stock, no par value, which may be
issued upon the exercise of stock options granted pursuant to the VoiceStream
Wireless Corporation 1999 Management Incentive Stock Option Plan, (ii)
registration of 1,000,000 shares of the Company's common stock, no par value,
which may be issued pursuant to the VoiceStream Wireless Corporation 1999
Employee Stock Purchase Plan, and (iii) registration of 200,000 shares of the
Company's common stock, no par value, which may be issued pursuant to the
VoiceStream Wireless Corporation 1999 Executive Restricted Stock Plan, and to
execute any and all amendments to such Registration Statements, whether filed
prior or subsequent to the time such Registration Statement becomes effective.
The undersigned hereby grants unto such attorneys and agents, and each of them,
full power of substitution and revocation in the premises and hereby ratifies
and confirms all that such attorneys and agents may do or cause to be done by
virtue of these presents.
Dated this 26th day of April, 1999.
/s/ Hans R. Snook
---------------------------------------
Hans R. Snook
