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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*
O'Toole, Terence M.
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(Last) (First) (Middle)
c/o Goldman, Sachs & Co.
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
Western Wireless Corporation
(WWCA)
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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)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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<TABLE>
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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>
| | | | | | | | | |
Class A Common Stock | 09/24/99 | P | | 800 | A | $45.0625 | 800 | I | 01,02 |
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| | | | | | | | | |
Class A Common Stock | 09/3/99 | J(03)| | .1378 | A | $39.75 | .1378 | I | 01,03 |
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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)
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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>
Class B Common | | | | | | | | |Class A | | | | | |
Stock |1-for-1 | | | | | |5/17/96 |N/A |Common Stock | 04,05 | | 04,05 | 01,05| 01,05|
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Stock Option |$17.375 | | | | | | | |Class A | | | | | |
(right to buy) |(06) |5/21/99 |D(06)|V| | 1,000| (06) |1/1/08 |Common Stock | 1,000 | | -0- | 06 | 06 |
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Stock Option |$8.125 | | | | | | | |Class A | | | | | |
(right to buy) |(07) |5/21/99 |A(07)| | | |Immed. |1/1/08 |Common Stock | 250(07) | | 250(07) | 01,07| 01,07|
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Stock Option |$8.125 | | | | | | | |Class A | | | | | |
(right to buy) |(08) |5/21/99 |A(08)| | | | 08 |1/1/08 |Common Stock | 802(08) | | 802(08) | 01,08| 01,08|
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</TABLE>
Explanation of Responses:
01: The Reporting Person is a managing director of Goldman, Sachs & Co.
("Goldman Sachs"). Goldman Sachs is an indirect wholly-owned subsidiary of The
Goldman Sachs Group, Inc. ("GS Group"). The Reporting Person disclaims
beneficial ownership of the securities reported herein as indirectly owned
except to the extent of his pecuniary interest therein, if any.
02: The securities reported herein as purchased were purchased 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.
03: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
.1378 shares of Common Stock which were acquired in a privately negotiated
acquisition by and may be deemed to be beneficially owned directly by the
Goldman Sachs 1999 Exchange Place Fund, L.P. ("1999 Exchange Fund"). An
affiliate of Goldman Sachs and GS Group is the general partner of the 1999
Exchange Fund. Goldman Sachs is the investment manager of 1999 Exchange Fund.
The .1378 shares reported herein as indirectly beneficially owned by Goldman
Sachs and GS Group represent GS Group's proportionate interest in the shares of
the Issuer owned by the 1999 Exchange Fund.
04: Shares of Class B Common Stock are convertible at any time at the option of
the holder into an equal number of shares of Class A Common Stock.
05: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
in the aggregate 9,730,208 shares of Class B Common Stock through certain
investment partnerships, of which affiliates of Goldman Sachs and GS Group are
the general partner or managing general partner (the "Limited Partnerships"). GS
Group may be deemed to own beneficially and directly 68,821 shares of Class B
Common Stock. Goldman Sachs is the investment manager of one of the Limited
Partnerships. 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.
06: Cancellation of option in connection with grant of replacement option. These
options were granted under the Western Wireless Corporation 1994 Management
Incentive Stock Option Plan to the Reporting Person, in his capacity as a
director of the Issuer. The Reporting Person has an understanding with GS Group
pursuant to which he held the stock options for the benefit of GS Group. The
options were exercisable in four equal annual installments beginning January 1,
1999. The options were cancelled and replaced in connection with the May 3, 1999
spin-off by Western Wireless Corporation of all shares of Common Stock of
VoiceStream Wireless Corporation owned by it to the holders of its Class A
Common Stock and Class B Common Stock (the "Spin-off").
07: These options were granted under the Western Wireless Corporation 1994
Management Incentive Stock Option Plan to the Reporting Person, in his capacity
as a director of the Issuer, in replacement of vested options which were
cancelled in connection with the Spin-off. The Reporting Person has an
understanding with GS Group pursuant to which he holds the stock options for the
benefit of GS Group.
08: These options were granted under the Western Wireless Corporation 1994
Management Incentive Stock Option Plan to the Reporting Person, in his capacity
as a director of the Issuer, in replacement of unvested options which were
cancelled in connection with the Spin-off. The Reporting Person has an
understanding with GS Group pursuant to which he holds the stock options for the
benefit of GS Group. They become exercisable in 33% increments in 3 annual
installments, beginning January 1, 2000.
By: s/ Hans L. Reich October 12, 1999
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**Signature of Reporting Person Date
Attorney-in-fact
** 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.
