U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person*
Angus, John O.
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(Last) (First) (Middle)
Telaxis Communications Corporation
20 Industrial Drive East
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(Street)
South Deerfield MA 01373
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
July 17, 2001
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Telaxis Communications Corporation "TLXS"
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Vice President, Human Resources
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6. If Amendment, Date of Original (Month/Day/Year)
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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 I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print of Type Responses)
(Over)
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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Employee Stock Option (1) 4/18/10 Common Stock 595 $40.25 D
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Employee Stock Option (1) 4/18/10 Common Stock 40,000 $40.25 D
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Employee Stock Option (2) 7/20/10 Common Stock 865 $28.50 D
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Employee Stock Option (3) 9/19/10 Common Stock 10,000 $ 6.83 D
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Employee Stock Option (4) 12/19/10 Common Stock 20,250 $ 1.44 D
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Employee Stock Option (5) 7/17/11 Common Stock 37,500 $ .53 D
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Non-Qualified
Stock Option (5) 7/17/11 Common Stock 37,500 $ .53 D
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Explanation of Responses:
(1) This option is exercisable as to 20% of the underlying shares of common
stock on the date of grant (4/18/2000), and vests as to an additional 20%
of the underlying shares of common stock on each anniversary of the date of
grant until fully vested.
(2) This option is exercisable as to 20% of the underlying shares of common
stock on the date of grant (7/20/2000), and vests as to an additional 20%
of the underlying shares of common stock on each anniversary of the date of
grant until fully vested.
(3) This option is exercisable as to 25% of the underlying shares of common
stock on the date of grant (9/19/2001), and vests as to an additional 6.25%
of the underlying shares of common stock on the first day of each calendar
quarter following the first anniversary of the date of grant until fully
vested.
(4) This option is exercisable as to 25% of the underlying shares of common
stock on the date of grant (12/19/2001), and vests as to an additional
6.25% of the underlying shares of common stock on the first day of each
calendar quarter following the first anniversary of the date of grant until
fully vested.
(5) This option is exercisable as to 25% of the underlying shares of common
stock on the date of grant (7/17/2001), and vests as to an additional 6.25%
of the underlying shares of common stock on the first day of each calendar
quarter following the first anniversary of the date of grant until fully
vested.
/s/ John O. Angus July 25, 2001
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**Signature of Reporting Person Date
** 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 procedure.
(Print of Type Responses)
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