4 1 form4apr901.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP FORM 4 [ ] Check this box if no longer OMB APROVAL subject to Section 16. Form 4 or OMB NUMBER: 3235-0287 Form 5 obligations may continue. Expires: December 31, 2001 See Instruction 1(b). Estimated average burden hours per response........0.5 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 (Print or Type Responses) 1. Name and Address of Reporting Person* Verizon Communications Inc. ("Verizon Communications") -------------------------------------------------------------------------------- (Last) (First) (Middle) 1095 Avenue of the Americas, 30th Floor -------------------------------------------------------------------------------- (Street) New York NY 10036 -------------------------------------------------------------------------------- (City) (State) (Zip) -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Price Communications Corporation (PR) -------------------------------------------------------------------------------- 3. I.R.S. or Social Security Number of Reporting Person (Voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Year 03/2001 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) 11/2000 -------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner --- --- Officer (give title below) Other (specify below) --- --- ------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person ---- X Form filed by More than One Reporting Person ---- Table I -- Non-Derivative Securities Acquired, Disposed of or Beneficially Owned 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of Securities 6. Ownership 7. Nature of (Instr. 3) action action (A) or Disposed of Beneficially Owned Form: Direct Indirect Date Code (D) (Instr. 3, 4 at End of Month (D) or In- Beneficial (Instr.8) and 5) (Instr. 3 and 4) direct (I) Ownership (Month/ (Instr. 4) (Instr. 4) Day/ (A) or Year) Code V Amount (D) Price ------------------------- --------- ---- --- ------- --- --------- -------------------- -------------- ------------- Common Stock, $.01 par value. 0 Not applicable. Not applicable.
FORM 4 (continued) 1. Title of 2. Conversion or 3. Transaction Date 4. Transaction 5. Number of 6. Date Exercisable and Derivative Exercise Price (Month/Day/Year) Code Derivative Expiration Date Security of Derivative (Instr. 8) Securities (Month/Day/Year) (Instr. 3) Security Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Date Expiration Code V (A) (D) Exercisable Date ------------------------------------------------------------------------------------------------------------------------------------ None. 1. Title of 7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature of Derivative Underlying Securities Derivative Derivative Form of Indirect Security (Instr. 3 and 4) Security Securities Derivative Beneficial (Instr. 3) (Instr. 5) Beneficially Security: Ownership Amount Owned at End Direct (D) (Instr. 4) or of Month or Indirect Number (Instr. 4) (I) of (Instr. 4) Title Shares ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: Verizon Wireless Inc. ("Verizon Wireless") is a VERIZON COMMUNICATIONS INC. wholly owned subsidiary of Verizon Communications. Verizon Wireless has entered into two Voting Agreements with certain holders of the common stock By: /s/ Marianne Drost April 9, 2001 of Issuer whereby such stockholders have, among ----------------------------- ------------- other things, agreed to vote in favor of the Name: Marianne Drost Date acquisition by Verizon Wireless of certain assets of Title: Corporate Secretary Issuer pursuant to a Transaction Agreement dated November 14, 2000 between Verizon Wireless and Issuer and certain of their affiliates. The foregoing statement is qualified in its entirety by VERIZON WIRELESS INC. reference to the text of the Voting Agreements which are reproduced as exhibits to the Schedule 13D, originally filed on November 27, 2000, by Verizon By: /s/ S. Mark Tuller April 9, 2001 Communications and Verizon Wireless, as amended by ---------------------- ------------- Amendment No. 1 thereto filed with the Commission on Name: S. Mark Tuller Date April 9, 2001. Verizon Communications and Verizon Title: Vice President and Wireless hereby disclaim beneficial ownership of the Secretary common stock and this statement shall not be construed as an admission that Verizon Communications and Verizon Wireless are, for any or all purposes, the beneficial owners of the securities covered by this statement. *Other Reporting Persons: Verizon Wireless Inc.,180 Washington Valley Road, Bedminster, NJ 07921.