SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
METROCALL, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
591647102
(CUSIP Number)
Martin H. Neidell
Stroock & Stroock & Lavan LLP
180 Maiden Lane
New York, New York 10038 212-806-5836
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 27, 1998
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box / /
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d- 1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of _____ Pages
<PAGE>
SCHEDULE 13D
- -------------------------------------- ------------------------------------
CUSIP No. 591647102 Page of Pages
- -------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
Page America Group, Inc.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 5,046,196
--------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
--------------------------------------------------------------
BENEFICIALLY
OWNED BY 9 SOLE DISPOSITIVE POWER 5,046,196
--------------------------------------------------------------
EACH
REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,046,196
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
<PAGE>
This Amendment No. 1 to Schedule 13D is being filed by Page America Group,
Inc., a New York corporation ("Page America") relating to the Common Stock
of Metrocall, Inc. (the "Company"). Terms defined in the original Schedule 13D
shall have the same meaning when used herein.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
Page America owns 3,161,856 shares of Common Stock of the Company and 1,500
shares of Series B Junior Convertible Preferred Stock (the "Series B Preferred
Stock") of the Company. Beginning on each of September 1, 1997, December 1,
1997, March 1, 1998 and July 1, 1998, the holders of Series B Preferred Stock
have the right to convert up to 25% of such initially issued stock into that
number of shares of Common Stock of the Company equal to the stated value of the
Series B Preferred Stock (initially $10,000 per share) divided by the average of
the closing price of the Company's Common Stock for the ten trading days prior
to each conversion date. As the result of the foregoing, the Series B Preferred
Stock convertible on September 1, 1997, December 1, 1997 and March 1, 1998 is
convertible into an aggregate of 1,884,340 shares of Common Stock of the
Company.
The Common Stock and Series B Preferred Stock which is presently
convertible into common stock give Page America beneficial ownership of
5,046,196 shares of Common Stock of the Company, which constitute approximately
11.8% of the outstanding shares of Common Stock of the Company.
During the preceding 60 days, Page America sold the following shares
of Common Stock of the Company in brokerage transactions in open market
sales:
Date Number Sold Sale Price
- ---- ------------ ----------
2/24/98 23,500 $ 7.25
2/25/98 6,600 7.25
3/19/98 200,000 7.125
3/19/98 11,700 7.25
3/19/98 9,000 7.3125
3/19/98 1,000 7.375
3/23/98 50,000 7.00
3/24/98 100,000 7.00
3/27/98 100,000 7.00
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
PAGE AMERICA GROUP, INC.
By /s/ David A. Barry
David A. Barry
Chairman of the Board
Dated: April 6, 1998
