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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
Hannon Michael R.
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(Last) (First) (Middle)
c/o Chase Capital Partners
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 Identification Number of Reporting Person, if an entity (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)
[ X ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing
(Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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Table 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 I (FN 1)
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Class A Common Stock N.A. N.A. N.A. N.A. N.A. 352,956 I (FN 2)
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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).
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
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 Common Stock (3) (4) (4) (4) (5) Class A 27,489 (4) 27,489 I
Common Stock
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Class C Common Stock (3) (4) (4) (4) (5) Class A 575 (4) 575 I By TeleCorp
Common Stock Investment
Corp.,
L.L.C.
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Class D Common Stock (3) (4) (4) (4) (5) Class A 199,522 (4) 199,522 I
Common Stock
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Class D Common Stock (3) (4) (4) (4) (5) Class A 3,780 (4) 3,780 I By TeleCorp
Common Stock Investment
Corp.,
L.L.C.
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</TABLE>
Explanation of Response:
(1) The amount shown represents the beneficial ownership of the Issuer's
securities by CB Capital Investors, L.P. ("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 attributable to the reporting person is not readily
determinable because it is subject to several variables, including CCP's and
CBCI, L.P.'s internal rate of return and vesting of interests.
(2) By Telecorp Investment Corp., L.L.C.
(3) Shares convert on a one-for-one basis; no conversion price
(4) There were no transactions in derivative securities during November, 1999;
Table II has been completed solely for informational purposes.
(5) 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.
By: /s/ Michael R. Hannon 12/10/99
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Michael R. Hannon Date
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