<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
PAIRGAIN TECHNOLOGIES, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.0005 PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
695934109
- --------------------------------------------------------------------------------
(CUSIP Number)
ROBERT R. PRICE
PAIRGAIN TECHNOLOGIES, INC.
14402 FRANKLIN AVENUE
TUSTIN, CALIFORNIA 92780-7013
TELEPHONE: (714) 832-9922
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
COPIES TO:
NICK E. YOCCA, ESQ.
STRADLING YOCCA CARLSON & RAUTH
660 NEWPORT CENTER DRIVE, SUITE, 1600
NEWPORT BEACH, CA 92660
TELEPHONE: (949) 725-4000
FEBRUARY 22, 2000
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed on Schedule 13G to report the
acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [ ]
<PAGE> 2
SCHEDULE 13D
- ------------------- ------------------
CUSIP NO. 695934109 PAGE 2 OF 16 PAGES
- ------------------- ------------------
================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael Pascoe
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
150,000
-----------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 150,000
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.21%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE> 3
SCHEDULE 13D
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CUSIP NO. 695934109 PAGE 3 OF 16 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles S. Strauch
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
1,381,264
-----------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,381,264
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,381,264
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.88%
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14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE> 4
SCHEDULE 13D
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CUSIP NO. 695934109 PAGE 4 OF 16 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Benedict A. Itri
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
1,066,936
-----------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,066,936
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,066,936
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.46%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE> 5
SCHEDULE 13D
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CUSIP NO. 695934109 PAGE 5 OF 16 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Howard S. Flagg
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
928,741
-----------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 928,741
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
928,741
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.27%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE> 6
SCHEDULE 13D
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CUSIP NO. 695934109 PAGE 6 OF 16 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert R. Price
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
14,488
-----------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 14,488
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,488
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.02%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE> 7
SCHEDULE 13D
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CUSIP NO. 695934109 PAGE 7 OF 16 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert A. Hoff
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
119,980
-----------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 119,980
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
119,980
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.16%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE> 8
SCHEDULE 13D
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CUSIP NO. 695934109 PAGE 8 OF 16 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B. Allen Lay
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
185,676
-----------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 185,676
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
185,676
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.25%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE> 9
SCHEDULE 13D
- ------------------- ------------------
CUSIP NO. 695934109 PAGE 9 OF 16 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert C. Hawk
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
70,169
-----------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 70,169
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,169
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.10%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE> 10
SCHEDULE 13D
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CUSIP NO. 695934109 PAGE 10 OF 16 PAGES
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================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Howard G. Bubb
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
80,000
-----------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 80,000
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
80,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.11%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE> 11
SCHEDULE 13D
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CUSIP NO. 695934109 PAGE 11 OF 16 PAGES
- ------------------- -------------------
Each of the persons filing this Schedule 13D expressly declares that the
filing of this statement shall not be construed as an admission that such person
is, for the purposes of Section 13(d) of the Exchange Act, the beneficial owner
of any securities covered by this statement. Each of the persons filing this
Schedule 13D expressly declares that the filing of this statement shall not be
construed as an admission that such person is a member of a group, or that such
persons constitute a group, as that term is defined in Section 13(d) of the
Exchange Act.
ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this Statement on Schedule 13D
(the "Statement") relates is the common stock, par value $.0005 per share (the
"Common Stock"), of PairGain Technologies, Inc., a Delaware corporation (the
"Company"). The principal executive offices of the Company are located at 14402
Franklin Avenue, Tustin, California 92780-7013.
ITEM 2. IDENTITY AND BACKGROUND
This statement is filed on behalf of the following stockholders of the
Company listed below (the "Reporting Persons"). The name, business address,
present principal occupation or employment and the name, principal business and
address of the corporation in which such employment is conducted (other than the
Company) are set forth below for each of the Reporting Persons.
<TABLE>
<CAPTION>
NAME BUSINESS ADDRESS PRESENT PRINCIPAL OCCUPATION
- ---- ---------------- ----------------------------
<S> <C> <C>
Michael Pascoe 14402 Franklin Avenue President, Chief Executive Officer and
Tustin, California 92780 Director of the Company
Charles S. Strauch 14402 Franklin Avenue Chairman of the Board of Directors of
Tustin, California 92780 the Company
Benedict A. Itri 14402 Franklin Avenue Director of the Company
Tustin, California 92780
Howard S. Flagg 14402 Franklin Avenue Executive Vice President, Business
Tustin, California 92780 Development and Director of the Company
Robert R. Price 14402 Franklin Avenue Senior Vice President, Chief Financial
Tustin, California 92780 Officer of the Company
Robert A. Hoff 14402 Franklin Avenue Director
Tustin, California 92780
B. Allen Lay 14402 Franklin Avenue Director
Tustin, California 92780
Robert C. Hawk 14402 Franklin Avenue Director
Tustin, California 92780
Howard G. Bubb 14402 Franklin Avenue Director
Tustin, California 92780
</TABLE>
<PAGE> 12
SCHEDULE 13D
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CUSIP NO. 695934109 PAGE 12 OF 16 PAGES
- ------------------- -------------------
During the last five years, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
Except as described below, during the last five years, none of the
Reporting Persons has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
On November 8, 1999, the Securities and Exchange Commission filed a
complaint against Charles S. Strauch in the Central District of California,
alleging certain violations of the Federal securities laws. On November 8, 1999,
without admitting or denying the SEC's allegations, Mr. Strauch agreed to settle
the complaint's charges by consenting to a final judgment. The final judgment
prohibits Mr. Strauch from violating Section 10(b) of the Exchange Act and Rule
10b-5 thereunder and ordered him to pay $25,000 in civil money penalties.
Each of the Reporting Persons is a citizen of the United States of
America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No funds or other consideration changed hands as there was no purchase
or sale of securities.
ITEM 4. PURPOSE OF TRANSACTION
Pursuant to an Agreement and Plan of Merger, dated as of February 22,
2000 (the "Merger Agreement"), by and among the Company, ADC Telecommunications,
Inc., a Minnesota corporation ("ADC"), and Roman Acquisition Corp., a Delaware
corporation and wholly-owned subsidiary of ADC ("Merger Sub"), and subject to
the conditions set forth therein (including approval by stockholders of the
Company), Merger Sub will be merged with and into the Company (the "Merger"). At
the effective time of the Merger, the separate existence of Merger Sub will
cease and the Company will continue as the surviving corporation and as a
wholly-owned subsidiary of ADC.
As an inducement to ADC to enter into the Merger Agreement, the
Reporting Persons have entered into a Voting Agreement, dated as of February 22,
2000 (the "Voting Agreement"), with ADC. Pursuant to the Voting Agreement, each
of the Reporting Persons agreed to vote all shares of Common Stock owned by such
Reporting Person in favor of the Merger and the other transactions contemplated
by the Merger Agreement and all other actions necessary or desirable for the
consummation of the Merger. The Reporting Persons retain the right to vote on
all other matters.
Except for their obligations under the Voting Agreement, none of the
Reporting Persons have any plans or proposals which relate to or would result in
any of the matters described in paragraphs (a) through (j) of Item 4 of Schedule
13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The information required by paragraphs (a) and (b) of this Item 5 is set
forth in Items 7-13 of the cover page to this Statement for each Reporting
Person, which information is incorporated herein
<PAGE> 13
SCHEDULE 13D
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CUSIP NO. 695934109 PAGE 13 OF 16 PAGES
- ------------------- -------------------
by reference. Additionally, the following is a list indicating for each
Reporting Person the number of shares beneficially owned that represent rights
to acquire such shares:
Michael Pascoe 150,000
Charles S. Strauch 589,091
Benedict A. Itri 17,189
Howard S. Flagg 437,365
Robert R. Price 13,886
Robert A. Hoff 100,000
B. Allen Lay 100,000
Robert C. Hawk 70,169
Howard G. Bubb 80,000
None of the Reporting Persons has effected any transactions in the
common stock of the Company between January 1, 2000 and the date of this
statement, except on January 13, 2000, Mr. Itri exercised options for 563,303
shares of common stock and on January 31, 2000, Mr. Flagg exercised options for
90,000 shares of common stock. These share amounts are included in the number of
shares beneficially owned as reported in this Schedule 13-D.
Paragraphs (d) and (e) of this Item 5 are not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Other than the Voting Agreement, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the Reporting Persons
and between such persons and any person with respect to any securities of the
Company, including but not limited to transfer or voting of any of the
securities, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or loss, or the giving or
withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
1. Voting Agreement, dated February 22, 2000, among ADC
Telecommunications, Inc. and the stockholders of PairGain Technologies, Inc.
identified therein (incorporated by reference to Exhibit 99.3 to the Company's
Current Report on Form 8-K dated February 22, 2000).
2. Joint Filing Agreement.
3. Power of Attorney.
<PAGE> 14
SCHEDULE 13D
- ------------------- -------------------
CUSIP NO. 695934109 PAGE 14 OF 16 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.
Date: March 6, 2000
/s/ MICHAEL PASCOE
---------------------------------
Michael Pascoe
/s/ CHARLES S. STRAUCH
---------------------------------
Charles S. Strauch
/s/ BENEDICT A. ITRI
---------------------------------
Benedict A. Itri
/s/ HOWARD S. FLAGG
---------------------------------
Howard S. Flagg
/s/ ROBERT R. PRICE
---------------------------------
Robert R. Price
/s/ ROBERT A. HOFF
---------------------------------
Robert A. Hoff
/s/ B/ ALLEN LAY
---------------------------------
B. Allen Lay
/s/ ROBERT C. HAWK
---------------------------------
Robert C. Hawk
/s/ HOWARD G. BUBB
---------------------------------
Howard G. Bubb
<PAGE> 1
JOINT FILING AGREEMENT
This Agreement is made as of March 6, 2000 by and among the
undersigned stockholders of PairGain Technologies, Inc., a Delaware corporation
(the "Company"), with reference to the following facts:
WHEREAS, the undersigned may be required to file a statement, and
amendments thereto, containing the information required by Schedule 13D pursuant
to Section 13(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and Rule 13d-1 promulgated thereunder, in connection with the
execution and delivery of that certain Voting Agreement, dated as of February
22, 2000, by and among the undersigned and ADC Telecommunications, Inc.; and
WHEREAS, pursuant to Rule 13d-1(k), the undersigned parties desire to
satisfy any Schedule 13D filing obligation by a single joint filing.
NOW, THEREFORE, the undersigned hereby agree that any statement on
Schedule 13D to which this Agreement is attached, and any amendments to such
statement, is adopted and filed on behalf of each of them, that all future
amendments to such statement will, unless written notice to the contrary is
delivered as described below, be jointly filed on behalf of each of them, and
that the provisions of Rule 13d-1(k) under the Exchange Act apply to each of
them. This Agreement may be terminated, with respect to the obligation to
jointly file future amendments to such statement on Schedule 13D as to any of
the undersigned upon such person giving written notice thereof to the other
persons signatory hereto.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above.
/s/ MICHAEL PASCOE /s/ ROBERT A. HOFF
- ----------------------------------- -----------------------------------
Michael Pascoe Robert A. Hoff
/s/ CHARLES S. STRAUCH /s/ B. ALLEN LAY
- ----------------------------------- -----------------------------------
Charles S. Strauch B. Allen Lay
/s/ BENEDICT A. ITRI /s/ ROBERT C. HAWK
- ----------------------------------- -----------------------------------
Benedict A. Itri Robert C. Hawk
/s/ HOWARD S. FLAGG /s/ HOWARD G. BUBB
- ----------------------------------- -----------------------------------
Howard S. Flagg Howard G. Bubb
/s/ ROBERT R. PRICE
- -----------------------------------
Robert R. Price
<PAGE> 1
POWER OF ATTORNEY
Each of the undersigned does hereby make, constitute and appoint
Charles S. Strauch, Michael Pascoe, Howard S. Flagg and Robert R. Price, acting
jointly or singly, the undersigned's true and lawful attorney or attorneys
(hereinafter referred to individually as "Attorney" or collectively as
"Attorneys") with power to act for the undersigned and in the undersigned's
name, place and stead, with or without the other and with full power of
substitution and resubstitution, for the sole purpose of executing, making,
declaring, certifying and filing on behalf of the undersigned with the
Securities and Exchange Commission, and other appropriate governmental or
private entities, any and all statements, reports and other information required
to be filed by the undersigned under the Securities Exchange Act of 1934, as
amended, or other state or federal statutes, by virtue of or relating to the
undersigned's beneficial ownership of equity securities of PairGain
Technologies, Inc. (the "Company"), including without limitation any Schedule
13D, any and all amendments to any such schedule, any Joint Filing Agreement and
any and all amendments thereto, any Form 3, 4 or 5 and any and all amendments
thereto, and all other documents and information incidental or related thereto
required to be executed, made or filed by the undersigned, in the form and
manner in which such Attorneys or any of them deem necessary, appropriate,
convenient or desirable to be done pursuant to and in accordance with the
authorization contained in this Power of Attorney, as fully and to all intents
and purposes as the undersigned might or could do in person, the undersigned
hereby ratifying and approving the acts of the Attorneys and each of them.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
on March 6, 2000.
/s/ MICHAEL PASCOE /s/ ROBERT A. HOFF
- ------------------------------------- ---------------------------------
Michael Pascoe Robert A. Hoff
/s/ CHARLES S. STRAUCH /s/ B. ALLEN LAY
- ------------------------------------- ---------------------------------
Charles S. Strauch B. Allen Lay
/s/ BENEDICT A. ITRI /s/ ROBERT C. HAWK
- ------------------------------------- ---------------------------------
Benedict A. Itri Robert C. Hawk
/s/ HOWARD S. FLAGG /s/ HOWARD G. BUBB
- ------------------------------------- ---------------------------------
Howard S. Flagg Howard G. Bubb
/s/ ROBERT R. PRICE
- -------------------------------------
Robert R. Price
