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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
August/2000
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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>
<CAPTION>
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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 | 8/1/00 | S | | 50,000 | D | $54.75 | | I | 01,02 |
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| | | | | | | | | |
Class A Common Stock | 8/4/00 | S | | 15,000 | D | $53.0833| | I | 01,02 |
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| | | | | | | | | |
Class A Common Stock | 8/7/00 | S | | 110,000 | D | $53.426 | | I | 01,02 |
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| | | | | | | | | |
Class A Common Stock | 8/9/00 | S | | 100,000 | D | $52.7125| 3,582,473 | I | 01,02 |
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| | | | | | | | | |
Class A Common Stock | | | | | | | .024881 | I | 01,03 |
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| | | | | | | | | |
Class A Common Stock | | | | | | | .1384 | I | 01,04 |
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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)
<TABLE>
<CAPTION>
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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>
Stock Option | | | | | | | | |Class A | | | | | |
(right to buy) |$9.95 | | | | | | 05 |12/31/09|Common Stock | 1,069 | | 1,069 | 01,05| 01,05|
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Stock Option | | | | | | | | |Class A | | | | | |
(right to buy) |$8.125 | | | | | |Immed. |1/1/08 |Common Stock | 250 | | 250 | 01,06| 01,06|
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Stock Option | | | | | | | | |Class A | | | | | |
(right to buy) |$8.125 | | | | | | 07 |1/1/08 |Common Stock | 802 | | 802 | 01,07| 01,07|
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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 indirectly sold were sold and may be
deemed to have been beneficially owned directly by GS Group.
Goldman Sachs owns beneficially and directly and GS Group may be deemed to own
beneficially and indirectly 900 shares of Class A Common Stock ("Common Stock").
GS Group owns beneficially and directly 3,581,573 shares of Common Stock.
03: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
.024881 shares of Common Stock which are beneficially owned directly by GS 2000
Exchange Place Fund, L.P. (the "2000 Exchange Fund"). An affiliate of Goldman
Sachs and GS Group is the general partner of the 2000 Exchange Fund. Goldman
Sachs is the investment manager of the 2000 Exchange Fund. The .024881 shares
reported herein as indirectly beneficially owned by Goldman Sachs and GS Group
represents GS Group's proportionate interest in the shares of the Issuer owned
by the 2000 Exchange Fund.
04: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
.1384 shares of Common Stock which are beneficially owned directly by Goldman
Sachs 1999 Exchange Place Fund, L.P. (the "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 the 1999 Exchange Fund. The .1384
shares reported herein as indirectly beneficially owned by Goldman Sachs and GS
Group represents a change in GS Group's proportionate interest in the shares of
the Issuer owned by the 1999 Exchange Fund.
05: These options were granted under the Western Wireless Corporation 1994
Management Incentive Stock Option Plan to the Reporting Person. The Reporting
Person has an understanding with GS Group pursuant to which he holds the stock
options for the benefit of GS Group. The options are exercisable in four equal
annual installments, beginning January 1, 2000.
06: These options were granted under the Western Wireless Corporation 1994
Management Incentive Stock Option Plan to the Reporting Person, in replacement
of vested options which were cancelled 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"). The Reporting Person has
an understanding with GS Group pursuant to which he holds the stock options for
the benefit of GS Group.
07: These options were granted under the Western Wireless Corporation 1994
Management Incentive Stock Option Plan to the Reporting Person, 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. These options become exercisable
in 33% increments in 3 annual installments, beginning January 1, 2000.
By: s/ Roger S. Begelman September 11, 2000
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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.
