UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
GEOTEK COMMUNICATIONS, INC.
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of Class of Securities)
373654102
(CUSIP Number)
Kenneth N. Shelton, Schell Bray Aycock Abel & Livingston,
P.L.L.C.,
Post Office Box 21847, Greensboro, North Carolina 27420, (910)
370-8800
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 1, 1996
(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 .
Check the following box if a fee is being paid with this
statement . (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
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 the disclosures provided
in a prior cover page.
The information required in 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).
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SCHEDULE 13D
CUSIP No. 373654102
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Vanguard Cellular Systems, Inc.
56-1490590
2) Check the Appropriate Box if a Member of a Group* (a)
(b)
3) SEC Use Only
4) Source of Funds*
OO
5) Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6) Citizenship or Place of Organization
North Carolina
Number of Shares Beneficially Owned by Each Reporting
Person
7) Sole Voting Power 3,788,449
8) Shared Voting Power 0
9) Sole Dispositive Power 3,788,449
10) Shared Dispositive Power 0
11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,788,449
12) Check box if the Aggregate Amount in Row (11) Excludes
Certain Shares*
13) Percent of Class Represented by Amount in Row (11)
6.3
14) Type of Reporting Person*
CO
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Vanguard Cellular Systems, Inc. ("Vanguard") is filing this
Amendment No. 5 dated February 12, 1997 ("Amendment No. 5") to
the Schedule 13D dated January 7, 1994 (the "Original Schedule
13D"), Amendment No. 1 to the Original Schedule 13D dated
February 25, 1994 ("Amendment No. 1"), Amendment No. 2 to the
Original Schedule 13D dated April 27, 1995 ("Amendment No. 2"),
Amendment No. 3 to the Original Schedule 13D dated June 5, 1995
("Amendment No. 3") and Amendment No. 4 to the Original Schedule
13D dated September 1, 1995 ("Amendment No. 4") (the documents
are sometimes collectively referred to herein as the "Schedule
13D").
Item 1. Security and Issuer
The Schedule 13D relates to the common stock, $.01 par
value, (the "Common Stock") of Geotek Communications, Inc.
(formerly Geotek Industries, Inc.), 20 Craig Road, Montvale, N.J.
07645 (the "Issuer").
Item 2. Identity and Background
Vanguard is a North Carolina corporation with its principal
office located at 2002 Pisgah Church Road, Suite 300, Greensboro,
North Carolina. Its principal business is nonwireline cellular
telephone communications. Vanguard has not been convicted in a
criminal proceeding during the last five years, nor has it
violated any federal or state securitites laws.
Item 3. Source and Amount of Funds or Other Consideration
Vanguard acquired the Common Stock reported in Item 5(c) of
this Amendment No. 5 pursuant to its Management Consulting
Agreement with the Issuer entered into on February 23, 1994, as
amended in 1995 (the "Management Agreement"). In consideration
of the acquisition of said Common Stock, Vanguard provided
management consulting services to the Issuer.
Item 4. Purpose of Transaction
As indicated in Vanguard's Original Schedule 13D relating to
the Issuer's Common Stock dated January 7, 1994, and in all
subsequent amendments thereto, Vanguard has acquired securities
in the Issuer for investment purposes and has no current plans to
acquire control of the Issuer.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on February 11, 1997,
Vanguard may be deemed to be the beneficial owner of 3,788,449
shares of Common Stock. Such 3,788,449 shares constitute 6.3% of
the shares of Common Stock outstanding (based on 60,026,630
shares of Common Stock outstanding).
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(b) Vanguard has sole voting and dispositive power with
respect to all the shares referred to in Item 5(a).
(c) Vanguard acquired 300,000 shares of Common Stock on
February 23, 1996 as annual payment received pursuant to its
Management Agreement with the Issuer. On September 1, 1996,
options to purchase 5,285,500 shares of Common Stock theretofore
held by Vanguard pursuant to its Option Agreement with the Issuer
dated as of February 23, 1994 expired, reducing Vanguard's
beneficial ownership accordingly. Concurrently with such
expiration, the Management Agreement expired by its terms, and
Vanguard acquired beneficial ownership of 156,986 shares, the pro
rata percentage of the number of shares due Vanguard as annual
payment pursuant to the Management Agreement.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
See agreements between Vanguard and the Issuer described in
Item 5(c) hereof, Interest in Securities of the Issuer, and Item
4, Purpose of Transaction, in the Original Schedule 13D and all
subsequent amendments thereto.
Item 7. Material to be filed as Exhibits.
*(1) Stock Purchase Agreement by and between Geotek
Industries, Inc. and Vanguard Cellular Systems,
Inc., dated as of December 29, 1993 filed as
Exhibit 1 to Vanguard Schedule 13D dated January
7, 1994.
*(2) Loan Agreement between Vanguard and various
lenders led by The Bank of New York and The
Toronto-Dominion Bank as agents, dated as of April
21, 1993, filed as Exhibit 2(a) to Vanguard's
Current Report on Form 8-K dated as of April 21,
1993.
*(3) Option Agreement by and between Geotek
Communications, Inc. and Vanguard Cellular
Systems, Inc. dated as of February 23, 1994 filed
as Exhibit 3 to Vanguard Schedule 13D, Amendment
No. 1, dated February 25, 1994.
*(4) Management Agreement by and between Geotek
Communications, Inc. and Vanguard Cellular
Systems, Inc. dated as of February 23, 1994 filed
as Exhibit 4 to Vanguard Schedule 13D, Amendment
No. 1, dated February 25, 1994.
*(5) Registration Rights Agreement by and between
Geotek Communications, Inc. and Vanguard Cellular
Systems, Inc. dated as of February 23, 1994 filed
as Exhibit 5 to Vanguard Schedule 13D, Amendment
No. 1, dated February 25, 1994.
<PAGE>
*(6) System Access Agreement by and between Geotek
Communications, Inc. and Vanguard Cellular
Systems, Inc. dated as of February 23, 1994 filed
as Exhibit 6 to Vanguard Schedule 13D, Amendment
No. 1, dated February 25, 1994.
*(7) Stockholders Voting Agreement dated as of February
23, 1994 filed as Exhibit 7 to Vanguard Schedule
13D, Amendment No. 1, dated February 25, 1994.
*(8) First Amendment to Loan Agreement between Vanguard
and various lenders led by The Bank of New York
and The Toronto-Dominion Bank as agents, dated as
of January 31, 1994 filed as Exhibit 8 to Vanguard
Schedule 13D, Amendment No. 1, dated February 25,
1994.
*(9) Letter dated April 17, 1995 to Mr. Yaron I. Eitan,
Chief Executive Officer of Geotek Communications,
Inc. from Vanguard Cellular Systems, Inc. and
Toronto-Dominion Investments, Inc. filed as
Exhibit 9 to Vanguard Schedule 13D, Amendment No.
2, dated April 27, 1995.
*(10) Stock Purchase Agreement by and among Geotek
Communications, Inc., Vanguard Cellular
Systems, Inc. and Toronto-Dominion
Investments, Inc. dated as of May 23, 1995
filed as Exhibit 10 to Vanguard Schedule 13D,
Amendment No. 3, dated June 5, 1995.
*(11) Certificate of Designation of Series L C
Cumulative Convertible Preferred Stock of
Geotek Communications, Inc. filed as Exhibit
11 to Vanguard Schedule 13D, Amendment No. 3,
dated June 5, 1995.
*(12) Amendment to Vanguard Option, Management
Consulting and Registration Rights Agreements
filed as Exhibit 12 to Vanguard Schedule 13D,
Amendment No. 3, dated June 5, 1995.
* Incorporated by reference
<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.
Date: February 12, 1997 VANGUARD CELLULAR SYSTEMS, INC.
By: /s/ Richard C. Rowlenson
Signature
Richard C. Rowlenson, Senior
Vice President
Name/Title
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