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- ------------------ U.S. SECURITIES AND EXCHANGE COMMISION ----------------------------
| F O R M 5 | Washington, D.C. 20549 | OMB APPROVAL |
- ------------------ |--------------------------|
[ ] Check this box if ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0362|
no longer subject |Expires: September 30,1998|
to Section 16. Form 4 |Estimated avg. burden |
or Form 5 obligations |hours per response.....1.0|
may continue. Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ----------------------------
[ ] Form 3 Holdings Reported Section 17(a) of the Public Utility Holding Company Act of 1935 or
[X]Form 4 Transactions Section 30(f) of the Investment Company Act 1940
Reported
- ------------------------------------------------------------------------------------------------------------------------------------
|1.Name and Address of Reporting Person* |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person(s) to|
| | | Issuer (Check all Applicable) |
| | United International Holdings, Inc. (UIHIA) | |
| Kovacs Nimrod J. | | Director 10% Owner |
|----------------------------------------|------------------------------------------------|--- --- |
| (Last) (First) (MI)|3.IRS Identification |4.Statement for Month/ | X Officer Other |
| | Number of Reporting | Year |---(give title below) ---(Specify below)|
| | Person, if an entity | | |
| | (Voluntary) | | Senior Vice President |
| 4643 S. Ulster Street, Suite 1300 | | February 28, 1998 | |
|----------------------------------------| |------------------------|----------------------------------------|
| (Street) | |5.If Amendment, Date of |7. Individual or Joint/Group Filing |
| | | Original (Month/Year) | (Check Applicable Line) |
| | | | |
| | | March 19, 1998 | X Form filed by One Reporting Person |
| | | |--- |
| | | | Form filed by More than One |
| Denver CO 80237 | | |--- Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| (City) (State) (Zip) |
| TABLE I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned |
|----------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security |2.Transac- |3.Trans- |4.Security Acquired (A) or |5.Amount of |6. |7.Nature of Indirect|
| (Instr. 3) | tion Date | action | Disposed of (D) | Securities |Own.| Beneficial |
| |(Month/ | Code | (Instr. 3, 4 & 5) | Beneficially |Form| Ownership |
| |Day/Year) |(Instr.8)|-------------------------------| Owned at End of|(D) | (Instr. 4) |
| | | | |(A) | | Issuer's |or | |
| | | | |or | | Fiscal Year |(I) | |
| | | | Amount |(D) | Price | (Instr. 3 & 4) | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| <S> | <C> | <C> | <C> |<C> |<C> | <C> |<C> | <C> |
| Class A Common Stock | 10/4/95 | C4 | 18,538 | A | | 18,538 | D | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| Class A Common Stock | 7/15/95 | P5 | 400 | A | $16.586 | 400 | I |By a Corp. |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| Class A Common Stock | 1/25/96 | C4 | 4,380 | A | | 4,780 | I |By a Corp. |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| Class A Common Stock | 3/15/96 | J(1) | 5,131 | D | | 13,407 | D | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| Class A Common Stock | 3/21/97 | C4 | 10,000 | A | | 14,780 | I |By a Corp. |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| Class A Common Stock | | J(2) | 331 | A | | 986 | I |By 401(k) Plan |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
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Reminder: Report on a separate line for each class securities owned directly or indirectly. SEC 2270 (7-97)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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FORM 5 (continued) TABLE II - Derivative Securities Acquired, Disposed of, Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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|1.Title of|2.Conver-|3. |4.Tran- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature |
|Derivative|sion or |Trans| saction| Derivative |Exercisable| of Underlying |Derivative| of |Own.| of |
|Security |Exercise |Date | Code | Securities |and | Securities |Security |Derivative|Form|Indirect |
|(Instr. 3)|Price of |(Mon/|(Instr.8)| Acquired (A) or |Expiration | (Instr. 3 & 4) |(Instr. 5)|Securities|of |Beneficial|
| |Deriva- | Day/| | Disposed of (D) |Date | | |Benefi- |Deri|Ownership |
| |tive |Year)| | (Instr. 3, 4 & 5) |(Month/Day/| | |cially |Sec.|(Instr. 4)|
| |Security | | | | Year) | | |Owned at |Dir.| |
| | | | | |-----------|---------------------| |End of |(D) | |
| | | | | | | | |Amount or | |Year |or | |
| | | | |---------------------|Date |Exp. | Title |Number of | |(Instr. 4)|Ind.| |
| | | | | (A) | (D) |Exbl.|Date | |Shares | | |(I) | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|<S> | <C> |<C> | <C> | <C> | <C> | <C> |<C> | <C> | <C> | <C> |<C> | <C>| <C> |
|Stock Op- | $9.50 |7/22/| A | 30,000 | |7/22/|7/22/| Class A | 30,000 | | 30,000 | D | |
|tion (rt | |1993 | | | |1997 |2003 | Common | | | | | |
|to buy) | | | | | | | | Stock | | | | | |
| | | | | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Op- | $9.50 |1/27/| A | 44,200 | |1/27/|1/27/| Class A | 44,200 | | 44,200 | D | |
|tion (rt | |1994 | | | |1998 |2004 | Common | | | | | |
|to buy) | | | | | | | | Stock | | | | | |
| | | | | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Op- | $15.50 |1/27/| A | 25,800 | |1/27/|1/27/| Class A | 25,800 | | 25,800 | D | |
|tion (rt | |1994 | | | |1998 |2004 | Common | | | | | |
|to buy) | | | | | | | | Stock | | | | | |
| | | | | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Class B | 1-for-1 |10/4/| C4 | | 18,538 |Immed| | Class A | 18,538 | | 6,402 | D | |
|Common | |1995 | | | | | | Common | | | | | |
|Stock | | | | | | | | Stock | | | | | |
| | | | | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Class B | 1-for-1 |1/25/| C4 | | 4,380 |Immed| | Class A | 4,380 | | 40,000 | I |By a corp.|
|Common | |1996 | | | | | | Common | | | | | |
|Stock | | | | | | | | Stock | | | | | |
| | | | | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Class B | 1-for-1 |3/21/| C4 | | 10,000 |Immed| | Class A | 10,000 | | 30,000 | I |By a corp.|
|Common | |1997 | | | | | | Common | | | | | |
|Stock | | | | | | | | Stock | | | | | |
| | | | | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
Explanation of Responses:
(1) Distributed for former spouse pursuant to the terms of a divorce settlement.
(2) During 1997, the Reporting Person acquired 331 shares of Class A Common Stock as a contributed by Issuer under the Issuer's
401(k) Plan and became 75% vested resulting in the beneficial ownership of 986 shares.
**Intentional misstatements or omissions of facts constitute Federal /s/ Nimrod J. Kovacs May 4, 1999
Criminal Violations. 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. Nimrod J. Kovacs
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not Page 2
required to respond unless the form displays a currently valid OMB Number
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