UNITED STATES 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(h) of the Investment Company Act of 1940
(Print of Type Responses)
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1. Name and Address of Reporting Person*
Fitzgerald, Robert E.
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(Last) (First) (Middle)
8000 Lee Highway
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(Street)
Falls Church, VA 22042
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
April 1, 2003
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3. I.R.S. 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(s) to Issuer
(Check all applicable)
|X| Director |X| 10% Owner
|X| Officer (give title below) |_| Other (specify below)
Chief Executive Officer
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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. 5)
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Common Stock 12,128,458 (1) I (1)
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Common Stock 1,347,606 (2) I (2)
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Common Stock 1,347,606 (3) I (3)
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Common Stock 449,198 (4) I (4)
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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- Securities:
(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 (5) 11/4/07 Common Stock 165,000 $.40 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Explanation of Responses:
(1) Number of shares reported is Mr. Fitzgerald's proportionate interest in the
20,663,267 shares owned by Concorde Equity, LLC ("Concorde") due to Mr.
Fitzgerald owning approximately 58.7% of the membership interests of
Concorde.
2) Number of shares reported is the proportionate interest of Mr. Fitzgerald's
eldest daughter in the shares owned by Concorde due to Mr. Fitzgerald's
eldest daughter owning approximately 6.5% of the membership interests of
Concorde. This filing shall not be deemed an admission that Mr. Fitzgerald
is, for purposes of Section 16 of the Securities Exchange Act of 1934 (the
"Act") or otherwise, the beneficial owner of these equity securities.
(3) Number of shares reported is the proportionate interest of Mr. Fitzgerald's
second daughter in the shares owned by Concorde due to Mr. Fitzgerald's
second daughter owning approximately 6.5% of the membership interests of
Concorde. This filing shall not be deemed an admission that Mr. Fitzgerald
is, for purposes of Section 16 of the Act or otherwise, the beneficial
owner of these equity securities.
(4) Number of shares reported is the proportionate interest of Mr. Fitzgerald's
eldest son in the shares owned by Concorde due to Mr. Fitzgerald's eldest
son owning approximately 2.2% of the membership interests of Concorde. This
filing shall not be deemed an admission that Mr. Fitzgerald is, for
purposes of Section 16 of the Act or otherwise, the beneficial owner of
these equity securities.
(5) This option was originally issued to Mr. Fitzgerald on November 4, 2002 by
Young Design, Inc. and was assumed by Telaxis on April 1, 2003. On April 1,
2003, the option was exercisable as to 50% of the underlying shares of
common stock, and the option will vest as to an additional 12.5% of the
underlying shares of common stock on November 4 of each year until fully
vested.
/s/ Robert E. Fitzgerald April 11, 2003
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**Signature of Reporting Person Date
* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
** 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 is insufficient, see Instruction 6 for procedure.