-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KNHoCZjzKjH6vFxX4GzjtHqOLI0BxySIZJjhxSocOLipImnxUWnSaY1uEwZtx9Nu ZV7w0NMDrsRWEjgdk90GlA== 0000950144-99-011200.txt : 19990916 0000950144-99-011200.hdr.sgml : 19990916 ACCESSION NUMBER: 0000950144-99-011200 CONFORMED SUBMISSION TYPE: 5 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990731 FILED AS OF DATE: 19990915 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LETS TALK CELLULAR & WIRELESS INC CENTRAL INDEX KEY: 0001044440 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 650292891 STATE OF INCORPORATION: FL FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 5 SEC ACT: SEC FILE NUMBER: 333-34595 FILM NUMBER: 99712007 BUSINESS ADDRESS: STREET 1: FIRST UNION FINANCIAL CENTER STREET 2: 200 S BISCAYNE BLVD CITY: MIAMI STATE: FL ZIP: 33131 BUSINESS PHONE: 3053588255 MAIL ADDRESS: STREET 1: 800 BRICKELL AVENUE STREET 2: SUITE 400 CITY: MIAMI STATE: FL ZIP: 33131 COMPANY DATA: COMPANY CONFORMED NAME: SORENSEN ALLAN C CENTRAL INDEX KEY: 0001094761 STANDARD INDUSTRIAL CLASSIFICATION: [] DIRECTOR FILING VALUES: FORM TYPE: 5 BUSINESS ADDRESS: STREET 1: 2050 SPECTRUM BLVD CITY: FORT LAUDERDALE STATE: FL ZIP: 33309-3008 BUSINESS PHONE: 3053588255 MAIL ADDRESS: STREET 1: 2050 SPECTRUM BLVD CITY: FORT LAUDERDALE STATE: FL ZIP: 33309-3008 5 1 LETS TALK CELLULAR & WIRELESS INC/ ALLAN SORENSEN 1 - ------ FORM 5 - ------ [ ] Check box if no U.S. SECURITIES AND EXCHANGE COMMISSION longer subject to Washington, DC 20549 Section 16. Form 4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP obligations may continue. See Filed pursuant to Section 16(a) of the Securities Instruction 1(b). Exchange Act of 1934, [ ] Form 3 Holdings Section 17(a) of the Public Utility Reported Holding Company Act of 1935 or Section 30(f) of [X] Form 4 the Investment Company Act Transactions of 1940 Reported - ------------------------------------------------------------------------------------------------------------------------------------ | 1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol |6. Relationship of Reporting Person to | | SORENSEN ALLAN | LTCW LET'S TALK CELLULAR & WIRELESS, INC.| Issuer (Check all applicable) | |--------------------------------------------|---------------------------------------------| | | (Last) (First) (Middle) | 3. IRS Identification |4. Statement For | [X] Director [ ] 10% Owner | | | Number of Reporting | Month/Year | | | 1601 SAWGRASS CORP PARKWAY | Person, if an Entity | JULY 1999 | [ ] Officer (give [ ] Other (specify| |--------------------------------------------| (Voluntary) |-------------------| title below) | | (Street) | |5. If Amendment, | below) | | | | Date of Original| | | | | (Month/Year) |---------------------------------------| | SUNRISE, FLORIDA 33323 | | |7. Individual or Joint/Group Filing | |--------------------------------------------|---------------------------------------------| (Check applicable line) | | (City) (State) (Zip) | | [X] Form Filed by one | | | | Reporting Person | | | | [ ] Form Filed by more than | | | | one Reporting Person | |----------------------------------------------------------------------------------------------------------------------------------| | TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED | |----------------------------------------------------------------------------------------------------------------------------------| | 1. Title of Security | 2. Trans- | 3. Transac- |4. Securities Acquired (A)|5. Amount of Se- |6. Owner- |7. Nature | | (Instr. 3) | action | tion | or Disposed of (D) | curities Benefi-| ship | of In- | | | Date | Code | (Instr. 3, 4 and 5) | cially Owned at | Form: | direct | | | | (Instr. | | End of Issuer's | Direct | Benefi-| | | (Month/ | 8) | | Fiscal Year | (D) or | cial | | | Day/ | |--------------------------| (Instr. 3 and 4)| Indirect | Owner- | | | Year) | | Amount | (A) or | Price | | (I) | ship | | | | | | (D) | | | (Instr. 4)| (Instr.| | | | | | | | | | 4) | | | | | | | | | | | |--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------| | | | | | | | | | | |--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------| | | | | | | | | | | |--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------| | | | | | | | | | | |--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------| | | | | | | | | | | |--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------| | | | | | | | | | | |--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------| | | | | | | | | | | |--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------| | | | | | | | | | | |--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------| | | | | | | | | | | |--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------| | | | | | | | | | | |--------------------------|-----------------|-------------|--------|--------|--------|-------------------|-------------|----------| | | | | | | | | | | - ----------------------------------------------------------------------------------------------------------------------------------- *If the form is filed by more than one reporting person, see Instructions 4(b)(v).
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FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ------------------------------------------------------------------------------------------------------------------------------------ | 1. Title of Derivative| 2. Conver- |3. Trans- |4. Trans- | 5. Number of |6. Date Exer- |7. Title and Amount| 8. Price | | Security | sion or | action | action | Derivative | cisable and | of Underlying | of | | (Instr. 3) | Exercise| Date | Code | Securities | Expiration | Securities | Deriv- | | | Price of| (Month/| (Instr.| Acquired (A) | Date | (Instr. 3 and 4)| ative | | | Deriv- | Day/ | 8) | or Disposed | (Month/Day/ | | Secur- | | | ative | Year) | | of (D) | Year) | | ity | | | Security| | | (Instr. 3, | | | (Instr. 5)| | | | | | 4, and 5) |----------------|-------------------| | | | | | | |Date |Expira- | | Amount or | | | | | | | -----------------|Exer- |tion |Title | Number of | | | | | | | (A) | (D) |cisable|Date | | Shares | | |-----------------------|------------|----------|----------|---------|---------|-------|--------|------|------------|--------------| | OPTION TO PURCHASE | 4.00 | 7/15/99 | A(1) | 10,000 | |7/15/99|7/15/09 |COMMON| 10,000 | | | | | | | | | | |STOCK | | | |-----------------------|---------- -|----------|----------|---------|---------|-------|--------|------|------------|--------------| | OPTION TO PURCHASE | 17.50 | 4/1/98 | 4A(2) | 5,000 | |4/1/98 | 4/1/08 |COMMON| 5,000 | | | | | | | | | | |STOCK | | | |-----------------------|------------|----------|----------|---------|---------|-------|--------|------|------------|--------------| | OPTION TO PURCHASE | 17.50 | 7/15/99 | D(3) | | 5,000 |4/1/98 | 4/1/08 |COMMON| 5,000 | | | | | | | | | | |STOCK | | | |-----------------------|------------|----------|----------|---------|---------|-------|--------|------|------------|--------------| | OPTION TO PURCHASE | 6.00 | 7/15/99 | A(4) | 5,000 | |4/1/98 | 4/1/08 |COMMON| 5,000 | | | | | | | | | | |STOCK | | | |-----------------------|------------|----------|----------|---------|---------|-------|--------|------|------------|--------------| | OPTION TO PURCHASE | 7.00 | 7/15/99 | D(3) | | 12,000 |8/5/98 | 8/5/08 |COMMON| 12,000 | | | | | | | | | | |STOCK | | | |-----------------------|------------|----------|----------|---------|---------|-------|--------|------|------------|--------------| | OPTION TO PURCHASE | 6.00 | 7/15/99 | A(5) | 12,000 | |8/5/98 | 8/5/08 |COMMON| 12,000 | | | | | | | | | | |STOCK | | | |-----------------------|------------|----------|----------|---------|---------|-------|--------|------|------------|--------------| | | | | | | | | | | | | - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------ | 9. Number of | 10. Ownership | 11. Nature of | | Derivative | of Derivative | Indirect | | Securities | Security: | Beneficial | | Beneficially | Direct (D) | Ownership | | Owned at End | or Indirect (I) | (Instr. 4) | | of Year | (Instr. 4) | | | (Instr. 4) | | | | | | | |--------------------|--------------------------|----------------------| | 10,000 | D | | |--------------------|--------------------------|----------------------| | 5,000 | D | | |--------------------|--------------------------|----------------------| | 0 | D | | |--------------------|--------------------------|----------------------| | 5,000 | D | | |--------------------|--------------------------|----------------------| | 0 | D | | |--------------------|--------------------------|----------------------| | 12,000 | D | | - ------------------------------------------------------------------------ Explanation of Responses: 1. Grant to reporting person of options to buy 10,000 shares of common stock under the Let's Talk Cellular & Wireless, Inc. 1997 Executive Incentive Compensation Plan in a transaction exempt under Rule 16b-3. 2. Grant to reporting person of options to buy 5,000 shares of common stock under the Let's Talk Cellular & Wireless, Inc. 1997 Executive Incentive Compensation Plan in a transaction exempt under Rule 16b-3. 3. Cancellation of option in connection with grant of replacement option. 4. The reported transaction involved the repricing of an existing option that was originally granted on April 1, 1998. 5. The reported transaction involved the repricing of an existing option that was originally granted on August 5, 1998. ** Intentional misstatements or omissions of facts constitute Federal Criminal /s/ Allan Sorensen 9/15/99 Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ---------------------------------- ---------- Signature of Reporting Person** Date Note. File three copies of this form, one of which must be manually signed. Page 2 If space provided is insufficient, see Instruction 6 for procedure.
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