U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 Chase Capital Partners
1221 Avenue of the Americas-40th Floor
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(Street)
New York New York 10020
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
November 13, 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 [_] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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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 Voting Common Stock 15,265,692 I (FN 1)
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Class A Voting Common Stock 282,364 I By Telecorp Investment Corp., LLC
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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.
(Over)
(Form 3-07/99)
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
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 Class A Voting
Common Stock (FN 2) N/A Common Stock 27,489 (FN 3) I (FN 1)
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Class C Class A Voting By Telecorp
Common Stock (FN 2) N/A Common Stock 460 (FN 3) I Investment Corp., LLC
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Class D Class A Voting
Common Stock (FN 2) N/A Common Stock 199,522 (FN 3) I (FN 1)
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Class D Class A Voting By Telecorp
Common Stock (FN 2) N/A Common Stock 3,024 (FN 3) I Investment Corp., LLC
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</TABLE>
Explanation of Responses:
1) The amounts shown represent 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 the investment
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.
2) These shares are convertible at the option of the holders after receipt by
the issuer of an opinon of regulatory counsel that the Class A Voting 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 Voting Common Stock.
3) These shares convert on a one for one basis; no conversion price is
required to convert shares.
/s/ Michael R. Hannon 11/13/00
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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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