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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*
Leucadia National Corporation
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(Last) (First) (Middle)
315 Park Avenue South
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(Street)
New York New York 10010
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
March 26, 2003
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
________________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
Parkervision, Inc. ("PRKR")
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
____________________________________________________________________
________________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable line)
|_| Form filed by One Reporting Person
|x| 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, $0.1 par value per share 1,123,680 D
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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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Common Stock
Purchase Options See Notes See Notes Common Stock 484,293 See Notes D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Explanation of Responses:
Pursuant to the terms of a Subscription Agreement, dated May 22, 2000 ("First
Agreement"), by and between Leucadia and Parkervision, Inc. (Ticker Symbol:
PRKR) (the "Company"), the Company sold, and Leucadia purchased, 529,475 shares
of Company common stock, $.01 par value ("Common Stock"), and common stock
purchase options ("Purchase Options") to purchase up to 529,475 shares of Common
Stock. The aggregate purchase price of the shares of Common Stock and the
Purchase Options was $15,000,000. The Purchase Options have an exercise price of
$56.66 per share and became fully vested on May 22, 2002. One half of the
Purchase Options expires on November 22, 2011 and the other half of the Purchase
Options expires on May 22, 2012. Net of a transfer to an individual in
connection with the purchase under the First Agreement, Leucadia retained
ownership of 518,885 shares of Common Stock and Purchase Options to purchase
518,885 shares of Common Stock.
In July, 2000, Leucadia sold 34,592 shares of Common Stock and a Purchase Option
to purchase 34,592 shares of Common Stock to an unrelated entity for an
aggregate consideration of $979,991 ("2000 Sale").
Pursuant to the terms of a Subscription Agreement, dated March 26, 2003 ("Second
Agreement"), by and between Leucadia and the Company, the Company agreed to
sell, and Leucadia agreed to purchase, 639,387 shares of Common Stock for an
aggregate purchase price of $2,500,000. The sale and purchase under the Second
Agreement closed on March 27, 2003.
After giving effect to the foregoing transactions, Leucadia owns 1,123,680
shares of Common Stock and Purchase Options to purchase an additional 484,293
shares of Common Stock.
Leucadia National Corporation
/s/ Joseph A. Orlando
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Name: Joseph A. Orlando
Title: Vice President April 1, 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.
Joint Filer Information
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Name and Address of Reporting Person: Ian M. Cumming
c/o Leucadia National Corporation
529 East South Temple
Salt Lake City, Utah 84102
Issuer Name and Ticker or Trading Symbol: Parkervision, Inc.
(PRKR)
Relationship of Joint Filer to Issuer: 10% Owner
Date of Event Requiring Statement: March 26, 2003
Designated Filer: Leucadia National Corporation
Signature:
By: /s/ Ian M. Cumming
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Name: Ian M. Cumming
Dated: April 1, 2003
Joint Filer Information
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Name and Address of Reporting Person: Joseph S. Steinberg
c/o Leucadia National Corporation
315 Park Avenue South
New York, NY 10010
Issuer Name and Ticker or Trading Symbol: Parkervision, Inc.
(PRKR)
Relationship of Joint Filer to Issuer: 10% Owner
Date of Event Requiring Statement: March 26, 2003
Designated Filer: Leucadia National Corporation
Signature:
By: /s/ Joseph S. Steinberg
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Name: Joseph S. Steinberg
Dated: April 1, 2003