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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13d
(RULE 13D-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
Nextel Communications, Inc.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
65332V 103
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(CUSIP Number)
C. James Judson, Digital Radio, L.L.C.,
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2300 Carillon Point, Kirkland, WA 98033
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 28, 1998
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(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. / /
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CUSIP No. 13D Page 2
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
CRAIG O. MCCAW
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
BK
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(5) Check 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
UNITED STATES
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Number of Shares (7) Sole Voting
Beneficially Owned Power 62,612,607
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
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(9) Sole Dispositive
Power 62,612,607
--------------------------------------------------
(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
62,612,589
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
23.2%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 13D Page 3
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
DIGITAL RADIO, L.L.C.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
BK
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(5) Check 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
STATE OF WASHINGTON
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Number of Shares (7) Sole Voting
Beneficially Owned Power 52,258,786
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
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(9) Sole Dispositive
Power 52,258,786
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(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
52,258,786
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
19.4%
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(14) Type of Reporting Person*
00
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 13D Page 4
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
EAGLE RIVER INVESTMENTS, L.L.C.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
BK
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(5) Check 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
STATE OF WASHINGTON
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Number of Shares (7) Sole Voting
Beneficially Owned Power 52,258,786
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
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(9) Sole Dispositive
Power 52,258,786
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(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
52,258,786
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
19.4%
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(14) Type of Reporting Person*
00
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 13D Page 5
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
OPTION ACQUISITION, L.L.C.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
BK
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(5) Check 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
STATE OF WASHINGTON
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Number of Shares (7) Sole Voting
Beneficially Owned Power 9,953,821
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
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(9) Sole Dispositive
Power 9,953,821
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(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
9,953,821
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
3.7%
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(14) Type of Reporting Person*
00
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*SEE INSTRUCTION BEFORE FILLING OUT!
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EXPLANATORY NOTE:
This amended statement amends and supplements the information set forth
in the Amendment No. 4 to Schedule 13D filed by the reporting persons on
November 7, 1997.
ITEM 1. SECURITY AND ISSUER
This amended statement relates to the Class A Common Stock, par value
$.001 per share ("Nextel Common Stock"), of Nextel Communications, Inc., a
Delaware corporation ("Nextel"). The principal executive offices of Nextel
are located at 1505 Farm Credit Drive, Suite 100, McLean, Virginia 22102.
Capitalized terms which are not defined in this amended statement have the
meanings defined in the original statement filed on August 7, 1995.
ITEM 2. IDENTITY AND BACKGROUND
(a),(b),(c) The persons filing this amended statement are:
(1) Digital Radio, L.L.C., is a limited liability company formed under the
laws of the State of Washington ("Digital"). Digital is the direct owner of a
portion of the securities of Nextel which are the subject of this statement.
The principal business of Digital is to invest in stock, options, securities,
notes, debentures, bonds of, and other business opportunities associated with,
Nextel. Eagle River Investments, L.L.C. has the exclusive management and
control of Digital under the terms of its Limited Liability Company Agreement.
The address for Digital's principal business and principal office is 2300
Carillon Point, Kirkland, Washington 98033.
(2) Option Acquisition, L.L.C., is a limited liability company formed
under the laws of the State of Washington ("Option Acquisition"). Option
Acquisition is the direct holder of certain options to acquire the securities
which are the subject of this statement and was formed for the sole purpose of
holding those options. Eagle River Investments, L.L.C. has the exclusive
management and control of Option Acquisition under the terms of its Limited
Liability Company Agreement. The address for Option Acquisition's principal
business and principal office is 2300 Carillon Point, Kirkland, Washington,
98033.
(3) Eagle River Investments, L.L.C., is a limited liability company formed
under the laws of the State of Washington("Eagle River"). The principal
business of Eagle River is to build equity value for each of its members by
acquiring, investing, holding, dealing and disposing of securities, venture
opportunities or other investments. The address of Eagle River's principal
business and principal office is 2300 Carillon Point, Kirkland, Washington
98033.
(4) Craig O. McCaw, an individual ("Mr. McCaw"), is the controlling
stockholder and director of Eagle River, Inc., and, as a result, has voting
and management control of Eagle River Investments, L.L.C., which in turn has
voting and management control of both Digital and Option Acquisition. Mr.
McCaw's present principal occupation is serving as Chairman of Digital and of
Eagle River. In addition, Mr. McCaw serves as Chairman of Eagle River, Inc.,
which also provides management and consulting services to Nextel's senior
management and Board of Directors. Mr. McCaw's business address is 2300
Carillon Point, Kirkland, Washington 98033.
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The executive officers of Digital, Option Acquisition and Eagle River are
as follows: Craig O. McCaw, Chairman; Dennis Weibling, President/Treasurer;
William A. Hoglund, Vice President and Chief Financial Officer; and C. James
Judson, Vice President, Secretary and General Counsel. Each of Mr. Weibling,
Mr. Hoglund and Mr. Judson serves in the foregoing capacities as his present
principal occupation. The business address of each of Mr. McCaw, Mr. Weibling,
Mr. Hoglund and Mr. Judson is 2300 Carillon Point, Kirkland, Washington 98033.
(d),(e) During the past five years, none of Digital, Option Acquisition,
Eagle River, Mr. McCaw or the other above-named executive officers of Digital
and Eagle River has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or has been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
(f) Mr. McCaw, Mr. Weibling, Mr. Hoglund and Mr. Judson are all citizens
of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION
N/A
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is hereby amended, as follows:
On July 28, 1998, Option Acquisition exercised two options it held for
the acquisition of an aggregate of 25,000,000 shares of Nextel Common Stock
through a cashless exercise as permitted by the option agreements. It
surrendered to Nextel 15,046,179 of the shares covered by the two options in
exchange for the issuance of 9,953,821. As a result, Option Acquisition is
the beneficial owner of 15,046,179 fewer shares of Nextel Common Stock than
reported on the last amendment to this statement.
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ITEM 5. INTEREST IN SECURITIES OF ISSUER
(a) The aggregate number of shares of Nextel Common Stock beneficially
owned by each reporting person covered by this amended statement is as follows:
Name Number of Shares(1) Percentage
---- ---------------- ----------
Digital Radio, L.L.C. 52,258,786(2) 19.4%
Eagle River Investments, L.L.C. 52,258,786(3) 19.4%
Option Acquisition, L.L.C. 9,953,821 3.7%
Craig O. McCaw 62,612,607(4) 23.2%
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(1) Based on 269,650,302 shares of Nextel Common Stock shares outstanding
on November 1, 1998.
(2) Includes (i) 13,458,039 shares of Nextel Common Stock owned by
Digital, (ii) 23,717,943 shares of Nextel Common Stock upon the
complete conversion of 7,905,981 shares of Class A Preferred Stock,
(iii) 82 shares of Nextel Common Stock upon the complete
conversion of 82 shares of Class B Preferred Stock, and (iv)
15,082,722 shares of Nextel Common Stock upon complete exercise of
the remaining Nextel Options.
(3) Includes (i) 13,458,039 shares of Nextel Common Stock owned by
Digital, (ii) 23,717,943 shares of Nextel Common Stock upon the
complete conversion of 7,905,981 shares of Class A Preferred Stock
owned by Digital, (iii) 82 shares of Nextel Common Stock upon the
complete conversion of 82 shares of Class B Preferred Stock owned by
Digital, and (iv) 15,082,722 shares of Nextel Common Stock upon
complete exercise of the remaining Nextel Options owned by Digital.
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(4) Includes (i) 13,458,039 shares of Nextel Common Stock owned by
Digital, (ii) 23,717,943 shares of Nextel Common Stock upon the
complete conversion of 7,905,981 shares of Class A Preferred Stock
owned by Digital, (iii) 82 shares of Nextel Common Stock upon the
complete conversion of 82 shares of Class B Preferred Stock owned by
Digital, (iv) 15,082,722 shares of Nextel Common Stock upon complete
exercise of the remaining Nextel Options owned by Digital, (v)
9,953,821 shares of Nextel Common Stock owned by Option Acquisition;
and (vi) 400,000 shares of Nextel Common Stock upon complete exercise
of options held by Eagle River, Inc. which became exercisable on April
4, 1997.
(b) Pursuant to the terms of the Limited Liability Company Agreements
of both Digital and Option Acquisition, the exclusive management and control,
and all decisions regarding the management and affairs, of both Digital and
Option Acquisition (including in each case investment decisions) are vested
with Eagle River Investments, L.L.C. Mr. McCaw is the primary member of, and
holder of the majority interest in, Eagle River Investments, L.L.C. As a
result, he has the voting and management control (including with respect to
investment decisions) of Digital and Option Acquisition.
(c) See Item 4.
(d) None.
(e) On July 28, 1998, Option Acquisition ceased to be the beneficial
owner of more than 5% of the outstanding Nextel Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF ISSUER
N/A
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ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
N/A
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.
DIGITAL RADIO, L.L.C.
Dated: November 30, 1998 /s/ C. James Judson
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C. James Judson
Vice President, General Counsel and Secretary
Authorized Representative for
Eagle River Investments, L.L.C.
Authorized Representative for
Option Acquisition, L.L.C.
Authorized Representative for
Craig O. McCaw
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