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- ------ OMB APPROVAL
FORM 5 OMB Number: 3235-0362
- ------ Expires: September 30, 1998
Estimated average burden hours
per response.............. 1.0
/ / Check box if no U.S. SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b) Exchange Act of 1934,
/ / Form 3 Holdings Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
/ / Form 4 the Investment Company Act
Transactions of 1940
Reported
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
General Motors Corporation GEOTEK COMMUNICATIONS, INC. (GOTK) Issuer (Check all applicable)
- ------------------------------------------- ---------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
100 Renaissance Center Number of Reporting Month/Year Officer (give X Other (specify
- ------------------------------------------- Person (Voluntary) 12/97 ---- title --- below)
(Street) ------------------- below)
Detroit, Michigan 48243 5. If Amendment,
- ------------------------------------------- Date of Original -------------------------------
(City) (State) (Zip) (Month/Year)
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 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Issuer's Direct Benefi-
(Month/ Fiscal Year (D) or cial
Day/ ---------------------------- (Instr. 3 and 4) Indirect Owner-
Year) Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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*If the form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) (8/96)
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FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
--------------- Exer- tion Title Number of
(A) (D) cisable Date Shares
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Right to Convert(1) (2) 3 1 (1) (1) Common (2) (3)
Stock
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Warrant (4) 8.625 3 1 9/27/ 9/26/ Common 1,000,000 (5)
1997 2003 Stock
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Warrant (4) 10.7813 3 1 9/27/ 9/26/ Common 1,000,000 (5)
1997 2003 Stock
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Warrant (4) 12.9375 3 1 9/27/ 9/26/ Common 500,000 (5)
1997 2003 Stock
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<C> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative of Derivative Indirect
(Instr. 3) Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (I) (Instr. 4)
of Year (Instr. 4)
(Instr. 4)
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Right to Convert(1) 1 1 (6)
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Warrant (4) 1 1 (6)
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Warrant (4) 1 1 (6)
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Warrant (4) 1 1 (6)
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Explanation of Responses:
(1) Pursuant to a Loan Agreement dated December 21, 1995, between Hughes Network Systems, Inc. (the predecessor of the Reporting
Person) ("HNS"), the issuer and a subsidiary of the issuer, the Reporting Person may convert the principal amount, currently
$24,500,000, of the outstanding loans into shares of the issuer's Common Stock. The conversion right became exercisable immediately
and expires on October 2, 1998. (2) Depending on the dollar amount of any exercise of the Right, or series of exercises, and other
conditions in the Loan Agreement, the Conversion Price set forth in the Loan Agreement will be 90% of the weighted average sales
price of Issuer's Common Stock as reported by Bloomberg Financial Services for either the one or the ten day period prior to any
exercise; thus the actual number of shares of Common Stock which may be acquired through conversion is variable. (3) The conversion
right was issued as part of the Loan Agreement, and no separate consideration was paid for its issuance. (4) The warrants were
issued under the terms of a Vendor Credit Facility dated September 27, 1996 between HNS and a subsidiary of the issuer. (5) The
warrants were issued as part of the Vendor Credit Facility, and no separate consideration was paid for their issuance. (6) Hughes
Electronics Corporation is a direct wholly owned subsidiary of General Motors Corporation.
GENERAL MOTORS CORPORATION
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Martin I. Darvick 6/18/98
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure. (8/96)
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless
the form displays a currently valid OMB Number.
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