FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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
                      

1. Name and Address of Reporting Person *

YAGER TIMOTHY M
2. Issuer Name and Ticker or Trading Symbol

iPCS, INC [ IPCS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President and CEO
(Last)          (First)          (Middle)

1901 N. ROSELLE ROAD, SUITE 500
3. Date of Earliest Transaction (MM/DD/YYYY)

11/27/2009
(Street)

SCHAUMBURG, IL 60195
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   11/27/2009     F    14696   D $24.00   135349   D  
 
Common Stock   11/27/2009     U (1)    112795   D   (1) 22554   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   $8.04   11/27/2009     D   (2)       229937      (2) 7/20/2014   Common Stock   229937     (2) 0   D  
 
Stock Option (Right to Buy)   $39.47   11/27/2009     D   (2)       71536      (2) 3/7/2017   Common Stock   71536     (2) 0   D  
 
Stock Option (Right to Buy)   $25.29   11/27/2009     D   (2)       200000      (2) 1/30/2018   Common Stock   200000     (2) 0   D  
 
Stock Option (Right to Buy)   $8.76   11/27/2009     D   (2)       100000      (2) 3/9/2019   Common Stock   100000     (2) 0   D  
 

Explanation of Responses:
( 1)  Each share of Common Stock disposed of pursuant to Agreement and Plan of Merger, dated as of October 18, 2009, among the Issuer, Sprint Nextel Corporation and Ireland Acquisition Corporation (the "Merger Agreement") in exchange for $24.00 per share in cash.
( 2)  Option disposed of pursuant to Merger Agreement in exchange for the right to receive, upon completion of the merger, an amount in cash equal to (A) the excess, if any, of (1) $24.00 over (2) the exercise price per share of Issuer Common Stock subject to such option, multiplied by (B) the number of shares of Issuer Common Stock subject to such option immediately prior to the effective time of the merger (whether vested or unvested).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
YAGER TIMOTHY M
1901 N. ROSELLE ROAD
SUITE 500
SCHAUMBURG, IL 60195
X
President and CEO

Signatures
By: /s/ Brian J. O'Neil attorney-in-fact for Timothy M. Yager 12/1/2009
** Signature of Reporting Person Date


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).
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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