SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE AND INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) and (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 2)
PRIME CELLULAR, INC.
(Name of Issuer)
COMMON STOCK,, $0.01 PAR VALUE
(Title of Class of Securities)
000741916
(CUSIP Number)
January 16, 1998
(Date of Event Which Requires Filing of This Schedule)
Check the following box to designate the rule pursuant to which this Schedule is
filed:
|_| RULE 13d-1(b)
|X| RULE 13d-1(c)
|_| RULE 13d-1(d)
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The information required on 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).
Page 1 of 5 Pages
<PAGE>
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CUSIP No. 000741916 13G Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON(S)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S)
FREDERICK ADLER
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
N/A
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5. SOLE VOTING POWER
SHARES 502,173
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH Not Applicable
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 502,173
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8. SHARED DISPOSITIVE POWER
Not Applicable
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
502,173
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.18% (as of March 31,1998)
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12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 Pages
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Item 1(a). Name of Issuer:
PRIME CELLULAR, INC.
A Delaware corporation ("Prime")
Item 1(b). Address of Issuer's Principal Executive Offices:
100 First Stamford Place
Stamford, CT 06902
Item 2(a). Name of Person Filing:
This Schedule 13G is filed on behalf of Frederick R. Adler
(the "Reporting Person").
Item 2(b). Address of Principal Business Office, or if None, Residence:
1520 South Ocean Blvd.
Palm Beach, FL 33480
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value
Item 2(d). CUSIP Number:
000741916
Item 3. Type of Reporting Person:
(a) - (h): Not Applicable
Item 4. Ownership.
(a) Amount beneficially Owned:
The Reporting Person beneficially owns 502,173
shares of Common Stock.
(b) Percent of class:
11.18%
(c) Number of shares as to which such person has:
Page 3 of 5 Pages
<PAGE>
(i) Sole power to vote or to direct the vote:
502,173
(ii) Shared power to vote or to direct the vote:
Not Applicable
(iii) Sole power to dispose or to direct the disposition of:
502,173
(iv) Shared power to dispose or to direct the disposition of:
Not Applicable
Items 5-9. Not Applicable
Page 4 of 5 Pages
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Item 10. By signing below the undersigned certifies that, to the best of his
knowledge and belief, the securities referred to above were acquired
in the ordinary course of business and were not acquired for the
purpose and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the
information set forth in this statement is true, complete and correct.
Date: April 20, 1998
/s/ Frederick R. Adler
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FREDERICK R. ADLER
Page 5 of 5 Pages
