STANTON JOHN W
4, 1999-06-10
Previous: FAIRFIELD MANUFACTURING CO INC, S-4, 1999-06-10
Next: STANTON JOHN W, 4, 1999-06-10



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
   Stanton, John W.
   3650 131st Avenue SE, Ste. 400
   Bellevue, WA  98006
   USA
2. Issuer Name and Ticker or Trading Symbol
   VoiceStream Wireless Corporation
   VSTR
3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Statement for Month/Year
   05/1999
5. If Amendment, Date of Original (Month/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
   (specify below)
   Chairman, Director and Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
   ( ) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
<S>                        <C>    <C>  <C><C>               <C> <C>         <C>                 <C>    <C>
Common Stock               |5/3/99|J (1| |3,257,774         |A  |           |3,257,774 (3)      |D     |                           |
                           |      |)   | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock               |5/3/99|J (1| |164,437           |A  |           |164,437            |I     |By Trust                   |
                           |      |)   | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock               |5/3/99|J (1| |1,686,069         |A  |           |1,686,069          |I     |By PN Cellular, Inc.       |
                           |      |)   | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock               |5/3/99|J (1| |1,274,519         |A  |           |1,274,519          |I     |By Stanton Communications C|
                           |      |)   | |                  |   |           |                   |      |orp.                       |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
<S>                   <C>      <C>   <C>  <C><C>        <C> <C>   <C>   <C>          <C>     <C>     <C>          <C> <C>
Stock Option - Right t|$9.25   |5/21/|A   |V|250        |A  |Immed|1/1/0|Common Stock|250    |       |250         |D  |            |
o Buy                 |        |99   |    | |           |   |.    |8    |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Stock Option - Right t|$9.25   |5/21/|A   |V|704        |A  |(2)  |1/1/0|Common Stock|704    |       |704         |D  |            |
o Buy                 |        |99   |    | |           |   |     |8    |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Stock Option - Right t|$5.153  |5/21/|A   |V|86,800     |A  |Immed|12/31|Common Stock|86,800 |       |86,800      |I  |By Spouse   |
o Buy                 |        |99   |    | |           |   |.    |/04  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Stock Option - Right t|$6.011  |5/21/|A   |V|75,562     |A  |Immed|7/29/|Common Stock|75,562 |       |75,562      |I  |By Spouse   |
o Buy                 |        |99   |    | |           |   |.    |05   |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Stock Option - Right t|$9.25   |5/21/|A   |V|10,000     |A  |Immed|1/1/0|Common Stock|10,000 |       |10,000      |I  |By Spouse   |
o Buy                 |        |99   |    | |           |   |.    |8    |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
1.  Pursuant to a spin-off of VoiceStream Wireless Corporation ("VoiceStream")
by Western Wireless Corporation
("Western Wireless") on May 3, 1999, Western Wireless distributed to its
shareholders on a tax-free basis one
share of VoiceStream common stock for each share of Western Wireless common
stock owned at the time of the
spin-off.  No additional consideration was paid for such VoiceStream common
stock.
2.  Option vests in three equal annual increments beginning on
1/1/00.
3.  90,000 shares held by reporting person and 15,000 shares held by spouse,
Theresa E. Gillespie, both
pursuant to Restricted Stock Award,
and 3,152,774 shares are held jointly by John W. Stanton and Theresa E.
Gillespie as Tennants in Common.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission