SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
December 23, 1997 1-8309
Date of Report Commission File Number
(Date of earliest event reported)
Price Communications Corporation
(Exact name of registrant as specified in its charter)
New York 13-2991700
(State or other jurisdiction (I.R.S. Employer Identification
of incorporation Number)
45 Rockefeller Plaza
New York, New York 10020
(Address of principal executive offices) (Zip Code)
(212) 757-5600
Registrant's telephone number, including area code
Item 5. Other Events.
The following is a description of the common stock, par value
$.01 per share (the "Common Stock") of Price Communications
Corporation:
In the election of directors and other matters submitted to
shareholders, holders of Common Stock are entitled to cast
one noncumulative vote for each share held. Holders of
Common Stock have no conversion or preemptive rights and the
Common Stock is not redeemable. In the event of
liquidation, holders of Common Stock are entitled to share
ratably in any of the net assets of the Company available
for distribution to them. Holders of Common Stock are
entitled to receive dividends out of funds legally available
therefor, at such times and in such amounts as the Board of
Directors may deem advisable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
PRICE COMMUNICATIONS CORPORATION
By: /s/ Robert Price
Robert Price
President
Date: December 23, 1997
