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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
The Goldman Sachs Group, Inc.
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(Last) (First) (Middle)
85 Broad Street
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(Street)
New York, New York 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
VoiceStream Wireless Corporation
(VSTR)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Year
September/1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[ X ] Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, |
or Beneficially Owned |
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| | | | |6. | |
| | | 4. |5. |Owner- | |
| | | Securities Acquired (A) or |Amount of |ship | |
| | 3. | Disposed of (D) |Securities |Form: |7. |
|2. | Transaction| (Instr. 3, 4 and 5) |Beneficially |Direct |Nature of |
|Transaction | Code | -------------------------------|Owned at End |(D) or |Indirect |
1. |Date | (Instr. 8) | | (A) | |of Month |Indirect |Beneficial|
Title of Security |(Month/Day/ | -----------| Amount | or | Price |(Instr. 3 |(I) |Ownership |
(Instr. 3) |Year) | Code | V | | (D) | |and 4) |(Instr.4)|(Instr. 4)|
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | |
Common Stock | 9/23/99 | S | | 5,000 | D | $68.875 | | 01,02 | 01,02 |
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| | | | | | | | | |
Common Stock | 9/24/99 | P | | 3,200 | A | $68.75 | | 01,02 | 01,02 |
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| | | | | | | | | |
Common Stock | 9/24/99 | P | | 1,800 | A | $68.8125 | | 01,02 | 01,02 |
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| | | | | | | | | |
Common Stock | 9/24/99 | P | | 800 | A | $68.75 | | 01,02 | 01,02 |
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| | | | | | | | | |
Common Stock | 9/24/99 | S | | 800 | D | $68.75 | | 01,02 | 01,02 |
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| | | | | | | | | |
Common Stock | 9/24/99 | P | | 1,600 | A | $64.375 | 02 | 01,02 | 01,02 |
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
FORM 4 (continued)
<TABLE>
<CAPTION>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner-| |
| | | | | | | |of |ship | |
|2. | | | | | | |Deriv- |of | |
|Conver- | | | 5. | |7. | |ative |Deriv-|11. |
|sion | | | Number of | |Title and Amount | |Secur- |ative |Nature|
|or | | | Derivative |6. |of Underlying |8. |ities |Secur-|of |
|Exer- | |4. | Securities |Date |Securities |Price |Bene- |ity: |In- |
|cise |3. |Trans- | Acquired (A) |Exercisable and |(Instr. 3 and 4) |of |ficially |Direct|direct|
|Price |Trans- |action | or Disposed |Expiration Date |-----------------------|Deriv- |Owned |(D) or|Bene- |
1. |of |action |Code | of (D) |(Month/Day/Year) | |Amount |ative |at End |In- |ficial|
Title of |Deriv- |Date |(Instr | (Instr. 3, |-----------------| |or |Secur- |of |direct|Owner-|
Derivative |ative |(Month/|8) | 4 and 5) |Date |Expira- | |Number |ity |Month |(I) |ship |
Security |Secur- |Day/ |------ | ------------ |Exer- |tion | |of |(Instr. |(Instr. |(Instr|(Instr|
(Instr. 3) |ity |Year) |Code |V| (A) | (D) |cisable |Date |Title |Shares |5) |4) |4) |4) |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option | | | | | | | | | | | | | | |
(right to buy) | $9.25 | | | | | | Immed. | 1/1/08 |Common Stock | 250 | | 250 |02,03 |02,03 |
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Stock Option | | | | | | | | | | | | | | |
(right to buy) | $9.25 | | | | | | 04 | 1/1/08 |Common Stock | 704 | | 704 |02,04 |02,04 |
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</TABLE>
Instruction 4(b)(v) list of other Reporting Persons:
This statement is being filed by GS Capital Partners, L.P. ("GSCP"), GS
Advisors, L.P. ("GS Advisors"), Stone Street Fund 1992, L.P. ("Stone Street"),
Bridge Street Fund 1992, L.P. ("Bridge Street" and, together with GSCP and Stone
Street, the "Limited Partnerships"), Stone Street Performance Corp.
("Performance Corp."), Goldman, Sachs & Co. ("Goldman Sachs") and The Goldman
Sachs Group, Inc. ("GS Group" and, together with GSCP, GS Advisors, Stone
Street, Bridge Street, Performance Corp. and Goldman Sachs, the "Reporting
Persons"). The principal business address of each of the Reporting Persons is 85
Broad Street, New York, New York 10004.
Explanation of Responses:
01: The securities reported herein as purchased and sold were purchased and sold
and may be deemed to be beneficially owned directly by Goldman Sachs. Without
admitting any legal obligation, Goldman Sachs will remit appropriate profits, if
any, to the Company.
02: Goldman Sachs may be deemed to own beneficially and directly and GS Group
may be deemed to own beneficially and indirectly 1,600 shares of common stock of
VoiceStream Wireless Corporation ("Common Stock"). GS Group may be deemed to own
beneficially and directly 68,821 shares of Common Stock. Goldman Sachs and GS
Group may be deemed to own beneficially and indirectly in the aggregate
9,730,208 shares of Common Stock through the Limited Partnerships. Affiliates of
Goldman Sachs and GS Group are the general partner or managing general partner
of the Limited Partnerships. Goldman Sachs is the investment manager of GSCP.
Goldman Sachs is an indirect wholly-owned subsidiary of GS Group. The Reporting
Persons, other than Goldman Sachs and GS Group, disclaim beneficial ownership of
the securities owned directly by Goldman Sachs or GS Group. Goldman Sachs and GS
Group each disclaim beneficial ownership of the securities owned by the Limited
Partnerships except to the extent of their pecuniary interest therein.
GSCP may be deemed to own beneficially and directly and its general partner, GS
Advisors, may be deemed to own beneficially and indirectly 8,986,738 shares of
Common Stock. GS Advisors disclaims beneficial ownership of the securities
reported herein except to the extent of its pecuniary interest therein.
Stone Street may be deemed to own beneficially and directly and its general
partner Performance Corp., may be deemed to own beneficially and indirectly
470,401 shares of Common Stock. Performance Corp. disclaims beneficial ownership
of the securities reported herein except to the extent of its pecuniary interest
therein.
Bridge Street may be deemed to own beneficially and directly and its managing
general partner Performance Corp., may be deemed to own beneficially and
indirectly 273,069 shares of Common Stock. Performance Corp. disclaims
beneficial ownership of the securities reported herein except to the extent of
its pecuniary interest therein.
03: These options were granted pursuant to the VoiceStream Wireless Corporation
1999 Management Incentive Stock Option Plan in connection with Western Wireless
Corporation's spin-off of the shares of common stock of VoiceStream Wireless
Corporation owned by it to the holders of Class A common stock and Class B
common stock of Western Wireless Corporation ("Spin-Off"), in respect of vested
options granted to a managing director of Goldman Sachs in his capacity as a
director of Western Wireless Corporation. That managing director also serves as
a director of VoiceStream Wireless Corporation (the "Company"). That managing
director has an understanding with GS Group pursuant to which he holds the stock
options for the benefit of GS Group.
04: These options were granted pursuant to the VoiceStream Wireless Corporation
1999 Management Incentive Stock Option Plan in connection with the Spin-Off in
respect of unvested options granted to a managing director of Goldman Sachs in
his capacity as a director of Western Wireless Corporation. That managing
director also serves as a director of the Company. That managing director has an
understanding with GS Group pursuant to which he holds the stock options for the
benefit of GS Group. These options vest in 3 equal annual installments,
beginning January 1, 2000.
**Signatures:
GOLDMAN, SACHS & CO.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
THE GOLDMAN SACHS GROUP, INC.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS, L.P.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS ADVISORS, L.P.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET FUND 1992, L.P.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
BRIDGE STREET FUND 1992, L.P.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET PERFORMANCE CORP.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
Date: October 12, 1999
** 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 provided is insufficient, see Instruction 6 for procedures.
Alternatively, this Form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
