UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
FORM 3
OMB APROVAL
OMB NUMBER: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response........0.5
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
(Print or Type Responses)
1. Name and Address of Reporting Person*
Verizon Communications Inc. ("Verizon Communications")
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(Last) (First) (Middle)
1095 6th Avenue, 30th Floor
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(Street)
New York NY 10036
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
11/14/00
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Price Communications Corporation (PR)
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5. Relationship of Reporting Person to Issuer (Check all applicable)
Director X 10% Owner
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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)
Form filed by One Reporting Person
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X Form filed by More than One Reporting Person
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Table I Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Instr. 4) Beneficially Owned Form: Direct Beneficial Ownership
(Instr. 4) (D) or Indirect (Instr. 5)
(I)(Instr. 5)
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<S> <C> <C> <C>
Common Stock, $.01 par value 0 Not applicable. Not applicable.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction SEC 1473 (7-96)
5(b)(v).
</TABLE>
<PAGE>
Table II Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature
Security (Instr. 4) and Expiration Securities Underlying sion or ship of In-
Date (Month/Day/ Year) Derivative Securities Exercise Form of direct
------------------------- (Instr. 4) Price of Deriv- Bene-
Date Expira- ------------------------- Derivative ative ficial
Exer- tion Title Amount Security Security: Owner-
cisable Date or Direct ship
Number (D) or (Instr.
of Indirect 5)
Shares (I)
(Instr.
5)
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<S> <C> <C> <C> <C> <C> <C> <C>
None.
Explanation of Responses:
Verizon Wireless Inc. ("Verizon Wireless") is a wholly owned subsidiary of VERIZON COMMUNICATIONS INC.
Verizon Communications. Verizon Wireless VERIZON COMMUNICATIONS has entered
into a Voting Agreement with certain holders of the common stock of Issuer By: /s/ Marianne Drost November 27, 2000
whereby such stockholders INC. have, among other things, agreed to vote in -------------------------- ------------------
favor of the acquisition by Verizon Wireless of certain assets of Issuer Name: Marianne Drost Date
pursuant to a Transaction Agreement dated November 14, 2000 between Verizon Title: Corporate Secretary
Wireless and Issuer and certain of their affiliates. The foregoing statement is
qualified in its entirety by reference to the text of the Voting Agreement
which is reproduced as exhibit to the Schedule 13D filed the date hereof by both
Verizon Communications and erizon Wireless. Verizon Communications and Verizon
Wireless hereby disclaim beneficial ownership of the common stock and this
statement shall not be construed as an admission that Verizon Communications VERIZON WIRELESS INC.
and Verizon Wireless are, for any or all purposes, the beneficial owners of the
securities covered by this statement. By: /s/ S. Mark Tuller November 27, 2000
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Name: S. Mark Tuller Date
Other Reporting Persons: Title: Vice President and
Verizon Wireless Inc.,180 Washington Valley Road, Bedminster, NJ 07921. Secretary
**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 is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays Page 2
a currently valid OMB Number. SEC 1473 (7-96)
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