U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person*
Hannon Michael R.
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(Last) (First) (Middle)
c/o CB Capital Partners, LLC ("CBCI, LLC")(FN 1)
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. Date of Event Requiring Statement (Month/Day/Year)
1/01/2000
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3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
TeleCorp PCS, Inc. ("TLCP")
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
|X| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
11/23/1999
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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 Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect
Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.
4)
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<S> <C> <C> <C>
Class A Common Stock 14,785,692 I (FN 2)
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Class A Common Stock 352,956 I By TeleCorp Investment
Corp., L.L.C.
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</TABLE>
* If the Form is filed by more than one Reporting Person see instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4)
Derivative
and Expiration Date --------------------------------- 4. Conver-
Security:
(Month/Day/Year) Amount sion or
Direct 6. Nature of
---------------------- or Exercise (D)
or Indirect
Date Expira- Number Price of
Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative
(I) Ownership
Security (Instr. 4) cisable Date Title Shares Security
(Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C>
<C> <C>
Class C Common Stock (FN 3) N/A Class A Common 27,489 1 for 1
I (FN 2)
Stock
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Class C Common Stock (FN 3) N/A Class A Common 575 1 for 1
I By TeleCorp
Stock Investment
Corp., L.L.C.
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Class D Common Stock (FN 3) N/A Class A Common 199,522 1 for 1
I (FN 2)
Stock
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Class D Common Stock (FN 3) N/A Class A Common 3,780 1 for 1
1 By TeleCorp
Stock Investment
Corp., L.L.C.
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</TABLE>
Explanation of Responses:
(1) Pursuant to an internal reorganization effective as of January 1, 2000,
(i) CB Capital Investors, LLC ("CBCI, LLC") became the successor to CB
Capital Investors, L.P. ("CBCI, LP"), (ii) CB Capital Investors, Inc.
("CBCI, Inc.") became the managing member of CBCI, LLC and (iii) Chase
Capital Partners ("CCP") became the manager, by delegation, of CBCI, LLC
pursuant to a master advisory agreement with CBCI, Inc. The internal
reorganization changed CBCI, LP's name and form of organization but did
not alter the proportionate interests of its ultimate security holders.
(2) The amount shown represents the beneficial ownership of the Issuer's
securities by CB Capital Investors, LLC ("CBCI, LLC"), 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,
by designation, a manager of CBCI, LLC pursuant to an advisory agreement
with CB Capital Investors, Inc., the managing member of CBCI, LLC. 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, LLC's
internal rate of return and vesting of interests
(3) These shares are convertible at the option of the holder after receipt by
the issuer of an opinion of regulatory counsel that Class A Common Stock
and 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.
/s/ Michael R. Hannon February , 2000
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Michael R. Hannon Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
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