SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 4)1[FN]
People's Choice TV Corp.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
710847104
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(CUSIP Number)
December 31, 1998
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Date of Event Which Requires Filing of this Statement
Check the appropriate box to designate the rule pursuant to which this Schedule
is Filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
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[FN]
1 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 disclosures provided in a prior cover page. 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 or otherwise
subject to the liabilities of that section of the Act but shall be subject to
all other provisions of the Act.
<PAGE>
CUSIP No. 710847104 Page 2 of 4 Pages
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1) Name of Reporting Person BCI Growth III, L.P.
I.R.S. Identification
No. of Above Person (Entities Only)
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2) Check the Appropriate Box (a) [ ]
if a Member of a Group (b) [ ]
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3) SEC Use Only
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4) Citizenship or Place Delaware
of Organization
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Number of 5) Sole Voting 669,474 shares of
Shares Beneficially Power Common Stock
Owned by Each
Reporting Person
With:
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6) Shared Voting
Power -0-
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7) Sole Disposi- 669,474 shares of
tive Power Common Stock
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8) Shared Dis-
positive Power -0-
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9) Aggregate Amount Beneficially 669,474 shares of
Owned by Each Reporting Person Common Stock
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10) Check if the Aggregate Amount in Row (9)
Excludes Certain Shares
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11) Percent of Class
Represented by 5.2%
Amount in Row (9)
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12) Type of Reporting
Person PN
<PAGE>
CUSIP No. 710847104 Page 3 of 4 Pages
Amendment No. 4 to Schedule 13G
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Reference is hereby made to the statement on Schedule 13G originally
filed on February 18, 1994, Amendment No. 1 thereto filed on January 2, 1996,
Amendment No. 2 thereto filed on February 11, 1997 and Amendment No. 3 thereto
filed on February 11, 1998 (as so amended, the "Schedule 13G"). Terms defined in
the Schedule 13G are used herein as so defined.
The following items of the Schedule 13G are hereby amended and
restated to read in their entirety as follows:
Item 4 - Ownership.
(a) Amount Beneficially Owned:
669,474 shares of Common Stock
(b) Percent of Class:
5.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
669,474 shares of Common Stock
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the disposition of:
669,474 shares of Common Stock
(iv) shared power to dispose or to direct the disposition of:
-0-
<PAGE>
CUSIP No. 710847104 Page 3 of 4 Pages
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.
BCI GROWTH III, L.P.
By Teaneck Associates, L.P.,
General Partner
By /s/ Ted Horton
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General Partner
Date: February 11, 1999
