SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________ SCHEDULE 13E-3 (AMENDMENT NO. 3) (FINAL AMENDMENT) RULE 13E-3 TRANSACTION STATEMENT (PURSUANT TO SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13e-3 (Section 240.13e-3) THEREUNDER) _______________ American Paging, Inc. (Name of the Issuer) AMERICAN PAGING, INC. API MERGER CORP. TELEPHONE AND DATA SYSTEMS, INC. (Name of Person(s) Filing Statement) COMMON SHARES, PAR VALUE $1.00 PER SHARE (Title of Class of Securities) 02882K10 (CUSIP NUMBER OF CLASS OF SECURITIES) __________________ LeRoy T. Carlson, Jr. (312) 630-1900 President and Chief Executive Officer Telephone and Data Systems, Inc. 30 N. LaSalle Street, Suite 4000, Chicago, Illinois 60602 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Person(s) Filing Statement) __________________ WITH COPY TO: James G. Archer (212) 906-2000 Sidley & Austin 875 Third Avenue, New York, New York 10022 ______________ This statement is filed in connection with (check the appropriate box): a. / / The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under the Securities Exchange Act of 1934. b. / / The filing of a registration statement under the Securities Act of 1933. c. /x / A tender offer. d. / / None of the above. Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: / / This Amendment No. 3 (this "Amendment") to the Rule 13e-3 Transaction Statement on Schedule 13E-3, as amended (the "Schedule 13E-3"), is being filed by (i) API Merger Corp., a Delaware corporation ("Purchaser")(*) and a direct wholly-owned subsidiary of Telephone and Data Systems, Inc., a corporation organized under the laws of Iowa ("TDS"), (ii) TDS and (iii) American Paging, Inc., a Delaware corporation (the "Company"), pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended, and Rule 13e-3 thereunder in connection with the tender offer by Purchaser for all the outstanding common shares, par value $1.00 per share (the "Common Shares"), of the Company not already beneficially owned by Purchaser or any of its affiliates, upon the terms and subject to the conditions set forth in the Offer to Purchase dated February 18, 1998 (the "Offer to Purchase") and the related Letter of Transmittal (which together with the Offer to Purchase constitute the "Offer"). This Amendment constitutes the final amendment to Schedule 13E-3. All capitalized terms used in this Amendment without definition have the meanings attributed to them in the Schedule 13E-3. The transaction to which this Statement relates was completed on March 20, 1998 when the Merger was completed. The items of Schedule 13E-3 set forth below are hereby amended and supplemented as follows: ITEM 10. INTEREST IN SECURITIES OF THE ISSUER. Item 10(a) is hereby supplemented and amended to incorporate by reference the information set forth in the Press Release issued by TDS on March 20, 1998, attached hereto as Exhibit (d)(11). ITEM 17. MATERIAL TO BE FILED AS EXHIBITS. Item 17 is hereby supplemented and amended by adding the following exhibit: (d)(11) Press Release issued by TDS on March 20, 1998. ___________________ * On March 20, 1998, API Merger Corp. merged with and into American Paging, Inc. and, as a result of such merger, ceased to exist as a separate entity. - 1 - SIGNATURES After due inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this Amendment is true, complete and correct. Dated: March 20, 1998 API MERGER CORP. * By: /s/ LEROY T. CARLSON, JR. ------------------------- Name: LeRoy T. Carlson, Jr. Title: President TELEPHONE AND DATA SYSTEMS, INC. By: /s/ LEROY T. CARLSON, JR. ------------------------- Name: LeRoy T. Carlson, Jr. Title: President Signature Page to Amendment No. 3 to Schedule 13E-3 ___________________ * On March 20, 1998, API Merger Corp. merged with and into American Paging, Inc. and, as a result of such merger, ceased to exist as a separate entity. SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment is true, complete and correct. Dated: March 20, 1998 AMERICAN PAGING, INC. By: /s/ TERRENCE T. SULLIVAN ------------------------ Name: Terrence T. Sullivan Title: President Signature Page for Amendment No. 3 to Schedule 13E-3 EXHIBIT INDEX EXHIBIT NO. EXHIBIT DESCRIPTION (d)(11) Press Release issued by TDS on March 20, 1998.