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<TYPE>10-K/A
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<CONFORMED-NAME>AIRGATE PCS INC /DE/
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<FISCAL-YEAR-END>0930
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<BUSINESS-ADDRESS>
<STREET1>233 PEACHTREE ST NE
<STREET2>SUITE 1700
<CITY>ATLANTA
<STATE>GA
<ZIP>30303
<PHONE>4045257272
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<FILENAME>g93277e10vkza.htm
<DESCRIPTION>AIRGATE PCS, INC.
<TEXT>
<HTML>
<HEAD>
<TITLE>AIRGATE PCS, INC.</TITLE>
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<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 10-K/A</B>

<DIV align="center" style="font-size: 10pt"><B>Amendment No.&nbsp;1</B></DIV>



<P align="center" style="font-size: 10pt"><B>For Annual and Transition Reports Pursuant to<BR>
Section&nbsp;13 or 15(d) of the Securities Act of 1934</B>



<P align="left" style="font-size: 10pt"><B>(Mark One)</B>



<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%" style="font-size: 12pt">
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    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD><FONT face="Wingdings">&#120;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><B>ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d)&nbsp;OF THE
SECURITIES EXCHANGE ACT OF 1934
For The Fiscal Year Ended September&nbsp;30, 2004.</B></TD>
</TR>
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><B>OR</B>


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    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)&nbsp;OF THE
SECURITIES EXCHANGE ACT OF 1934.</B></TD>
</TR>
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><B>Commission File Number: 027455</B>


<P align="center" style="font-size: 24pt"><B>AirGate PCS, Inc.</B>


<DIV align="center" style="font-size: 10pt"><B>(Exact name of registrant as specified in its charter)</B></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>58-2422929</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>(State other jurisdiction of</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(I.R.S. Employer</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>incorporation or organization)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Identification Number)</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Harris Tower, 233</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Peachtree St. NE, Suite&nbsp;1700,</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Atlanta, Georgia</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>30303</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>(Address of principal executive offices)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(Zip code)</B></TD>
</TR>
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</DIV>


<P align="center" style="font-size: 10pt"><B>(404)&nbsp;525-7272<BR>
Registrant&#146;s telephone number, including area code</B>



<P align="center" style="font-size: 10pt"><B>Securities registered pursuant to Section&nbsp;12(b) of the Act: None.</B>



<P align="center" style="font-size: 10pt"><B>Securities registered pursuant to Section&nbsp;12(g) of the Act:</B>



<P align="center" style="font-size: 10pt"><B>Common Stock, par value $.01 per share<BR>
(Title of Class)</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be
filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was required to file such reports) and (2)
has been subject to such filing requirements for the past 90&nbsp;days. Yes <FONT style="font-family: Wingdings">&#120;</FONT> No <FONT style="font-family: Wingdings">&#168;</FONT>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if disclosure of delinquent filers pursuant to Item&nbsp;405 of Regulation
S-K is not contained herein, and will not be contained, to the best of registrant&#146;s knowledge, in
definitive proxy or information statements incorporated by reference in Part&nbsp;III of this Form 10-K
or any amendment to this Form 10-K. <FONT style="font-family: Wingdings">&#120;</FONT>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is an accelerated filer (as defined in Exchange
Act Rule&nbsp;12b-2). Yes <FONT style="font-family: Wingdings">&#120;</FONT> No <FONT style="font-family: Wingdings">&#168;</FONT>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The aggregate market value of the voting stock held by non-affiliates of the registrant
computed by reference to the closing sale price on The Nasdaq National Market on March&nbsp;31, 2004,
the last business day of the registrant&#146;s most recently completed second fiscal quarter, was
approximately $174,423,405. (For purposes of determination of the foregoing amount, only our
directors and executive officers have been deemed affiliates).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of November&nbsp;30, 2004, there were 11,768,258 shares of common stock, $0.01 par value per
share, outstanding.


<P align="center" style="font-size: 10pt"><B>DOCUMENTS INCORPORATED BY REFERENCE</B>



<P align="center" style="font-size: 10pt">None.



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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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</TR>
<TR><TD colspan="9"><A HREF="#000">EXPLANATORY NOTE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART III</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS,<BR> DIRECTORS AND OFFICERS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="g93277exv10w29.txt">EX-10.29 AMENDED AND RESTATED COMPENSATION PLAN</A></TD></TR>
<TR><TD colspan="9"><A HREF="g93277exv31w1.htm">EX-31.1 SECTION 302 CERTIFICATION OF THE CEO</A></TD></TR>
<TR><TD colspan="9"><A HREF="g93277exv31w2.htm">EX-31.2 SECTION 302 CERTIFICATION OF THE CFO</A></TD></TR>
</TABLE>
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<P align="center" style="font-size: 10pt"><B>EXPLANATORY NOTE</B>


<P align="left" style="font-size: 10pt">This Amendment No.&nbsp;1 to the Company&#146;s Annual Report on Form 10-K (the &#147;Annual Report&#148;) is solely
for the purpose of supplementing the Annual Report by including Part&nbsp;III disclosure instead of
incorporation by reference to the definitive proxy statement for AirGate&#146;s annual shareholder
meeting, to update the signature page and refile Exhibits 31.1 and 31.2. This Amendment No.&nbsp;1 does
not reflect events occurring after the filing of the original Form 10-K, or modify or update the
disclosures therein in any way other than as described above.




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "PART III" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART III</B>



<P align="left" style="font-size: 10pt"><B>ITEM 10. </B><B><I>Directors and Executive Officers of the Registrant.</I></B>



<P align="left" style="font-size: 10pt"><I>Our Executive Officers and Directors</I>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents information with respect to our executive officers and directors:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Age</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Thomas M. Dougherty
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">60</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive Officer and Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert A. Ferchat
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">70</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Max D. Hopper
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">70</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Timothy M. O&#146;Brien
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John W. Risner
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gail S. Schoettler
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">61</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Stephen R. Stetz
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">62</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Johnny Crawford
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">38</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President of Engineering and Network Operations</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Roy E. Hadley, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, General Counsel and Secretary</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Charles S. Goldfarb
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President of Sales &#151; Southeast Region</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dennis D. Lee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, Human Resources</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William J. Loughman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President and Chief Financial Officer</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jonathan M. Pfohl
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">38</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, Marketing and New Products</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt">Thomas M. Dougherty has served as one of our directors since April&nbsp;1999 and has been our president
and chief executive officer since April&nbsp;1999. From March&nbsp;1997 to April&nbsp;1999, Mr.&nbsp;Dougherty was a
senior executive of Sprint PCS. From June&nbsp;1996 to March&nbsp;1997, Mr.&nbsp;Dougherty served as executive
vice president and chief operating officer of Chase Telecommunications, a personal communications
services company. Mr.&nbsp;Dougherty served as president and chief operating officer of Cook Inlet
BellSouth PCS, L.P., a start-up wireless communications company, from November&nbsp;1995 to June&nbsp;1996.
Prior to October&nbsp;1995, Mr.&nbsp;Dougherty was vice president and chief operating officer of BellSouth
Mobility DCS Corporation, a PCS company.


<P align="left" style="font-size: 10pt">Robert A. Ferchat has served as the chairman of our board of directors since June&nbsp;2003 and as one
of our directors since October&nbsp;1999. From November&nbsp;1994 to January&nbsp;1999, Mr.&nbsp;Ferchat served as the
chairman of the board of directors, president and chief executive officer of BCE Mobile
Communications, a wireless telecommunications company. From January&nbsp;1999 until May&nbsp;1999, Mr.
Ferchat was chairman of BCE Mobile Communications. Mr.&nbsp;Ferchat is also a director of Brookfield
Homes Corp., 01 Communique, ATS Automation Tooling Systems, Inc. and CellBucks Payments Networks
Inc.


<P align="left" style="font-size: 10pt">Max D. Hopper has been a director since April&nbsp;2004. Mr.&nbsp;Hopper founded the firm, Max D. Hopper
Associates, Inc., in 1995 after retiring from AMR Corporation. During Mr.&nbsp;Hopper&#146;s 20-year tenure
at AMR, he served as chief executive officer, chief information officer, chairman of The SABRE
Group and senior vice president. Previously, Mr.&nbsp;Hopper was executive vice president for Bank of
America from 1982 through 1985, where he was the chief information officer. Mr.&nbsp;Hopper launched
his professional systems career at Shell Oil in 1960 and served with EDS and United Airlines prior
to joining American Airlines in 1972. Mr.&nbsp;Hopper is on the board of Gartner Group, United
Stationers, Inc. and Perficient.


<P align="left" style="font-size: 10pt">Timothy M. O&#146;Brien has
served as a member of our Board of Directors since May&nbsp;2004. He currently
serves as a consultant, providing advice and direction on the requirements and implementation of
the Sarbanes-Oxley Act of 2002. He also serves on the Investment Advisory Council of the Alaska
State Pension Investment Board. From 1999 to 2003 Mr.&nbsp;O&#146;Brien was Chief Executive Officer of the
American Humane Association, where he aligned the administration activities and functions of the
organization. From 1995 to 1999 Mr.&nbsp;O&#146;Brien&#146;s primary focus was investment consulting and
fiduciary audits for William M. Mercer Investment Consulting. From 1984 to 1995 he served as State
Auditor for the State of Colorado, and from 1973 to 1984 he worked in public accounting and
auditing. Mr.&nbsp;O&#146;Brien is a Certified Public Accountant and Chartered Financial Analyst.


<P align="left" style="font-size: 10pt">John W. Risner has served as a member of our board of directors since February&nbsp;2004. He is
currently the executive director of The Children&#146;s Tumor Foundation, formerly The National
Neurofibromatosis Foundation, which he joined in 2002. From 1997 to 2002, he served as senior vice
president-senior portfolio manager-high yield bonds for AIG Global Investment Management. Prior to
that, Mr.&nbsp;Risner was vice president-senior portfolio manager-high yield and convertible bonds at
Value Line Asset Management, a money management firm, where he worked from 1991 to 1997. Mr.
Risner is a director and member of the Audit Committee of NII Holdings, Inc., which provides digital wireless communication services targeted at
business customers outside




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<P align="left" style="font-size: 10pt">of the United States. As of November&nbsp;30, 2003, Nextel Communications,
Inc. beneficially owned approximately 18.2% of the common stock of NII Holdings, Inc. Mr.&nbsp;Risner
is a Chartered Financial Analyst.


<P align="left" style="font-size: 10pt">Gail S. Schoettler, Ph.D. has served as a member of our board of directors since April&nbsp;2004. Dr.
Schoettler served as the United States Ambassador to the World Radiocommunication Conference, where
she was responsible for negotiating a key telecommunications treaty and was head of the United
States Department of Defense&#146;s presidential transition for global communications, security and
intelligence. From 1995 to 1999 Dr.&nbsp;Schoettler was Lt. Governor of Colorado and from 1987 to 1995
was State Treasurer of Colorado. She has started several banks and helps manage her family&#146;s
cattle ranch, vineyards and real estate interests. She is chair of the board and chair of the
corporate governance committee of Fischer Imaging Corp., chair of the corporate governance
committee of CancerVax Corp., and a director and chair of the corporate governance and compensation
committee of Aspen Bio, Inc.


<P align="left" style="font-size: 10pt">Stephen R. Stetz has been a director since February&nbsp;2003. Mr.&nbsp;Stetz also is President and Managing
Director of Matterhorn Strategic Partners, LLC, a strategic and financial advisory firm co-founded
by Mr.&nbsp;Stetz that specializes in mergers and acquisitions, and has held such position since May
2002. From July&nbsp;2000 to April&nbsp;2002, Mr.&nbsp;Stetz consulted on strategic and financial issues with a
number of companies. From 1965 until June&nbsp;2000, Mr.&nbsp;Stetz served in various positions at Monsanto
Company. From September&nbsp;1999 until June&nbsp;2000, Mr.&nbsp;Stetz served as Vice President, Strategic
Initiatives. From November&nbsp;1998 until August&nbsp;1999, Mr.&nbsp;Stetz served as Vice President and Chief
Financial Officer of Monsanto&#146;s Agriculture Company and from October&nbsp;1996 until September&nbsp;1998, Mr.
Stetz served as Vice President, Mergers &#038; Acquisitions/ Licensing. During this time, Monsanto
announced more than fifty transactions with an aggregate value of over $75&nbsp;billion. Prior to 1996,
Mr.&nbsp;Stetz held various positions at Monsanto Company in Corporate Finance and Budgeting, Treasury,
International, Strategic Planning, Research and Development and Manufacturing. He has a Bachelor of
Science in Chemical Engineering from the University of Notre Dame and a Masters in Business
Administration from the University of West Florida.


<P align="left" style="font-size: 10pt">Johnny Crawford has served as our vice president of engineering and network operations since
September&nbsp;2004 and as a director in our engineering group since 1998. Prior to joining AirGate, Mr.
Crawford was employed by Sprint PCS as an engineering area manager and worked in various
engineering capacities at Sprint Cellular and its predecessors. Mr.&nbsp;Crawford attended Greenville
Tech in Greenville, South Carolina, where he majored in mechanical engineering.


<P align="left" style="font-size: 10pt">Roy E. Hadley, Jr. has been our vice president, general counsel and corporate secretary since July
2004. He served as chief privacy officer, vice president, legal department of WorldTravel BTI from
July&nbsp;2001 to July&nbsp;2004, as senior counsel of Turner Entertainment Group/AOL Time Warner, Inc. from
January&nbsp;1999 to May&nbsp;2001 and as associate commercial counsel of MCI WorldCom, Inc. from March&nbsp;1995
to December&nbsp;1998. Mr.&nbsp;Hadley joined the law firm of Long, Aldridge and Norman upon graduation,
where he practiced in the area of general corporate and securities law for 6&nbsp;years. For a period
during that time he also served as special counsel to the president of the American Bar
Association.


<P align="left" style="font-size: 10pt">Charles S. Goldfarb has been our vice president &#150; indirect sales since September&nbsp;2004 and was our
vice president of sales, southeast region from January&nbsp;2000 to August&nbsp;2004. From September&nbsp;1991 to
January&nbsp;2000, Mr.&nbsp;Goldfarb worked at Paging Network Inc. as its area vice president and general
manager for the Virginia, North Carolina and South Carolina region. Mr.&nbsp;Goldfarb has over 15&nbsp;years
of wireless experience and has been successful in numerous start-up markets. Prior to his wireless
experience, Mr.&nbsp;Goldfarb worked at ITT Financial Services as its assistant vice president of
operations in the Washington, D.C. area.


<P align="left" style="font-size: 10pt">Dennis D. Lee has been our vice president of human resources since September&nbsp;2002. Prior to joining
AirGate, from May&nbsp;2000 to August&nbsp;2002, Mr.&nbsp;Lee was senior vice president of compensation and
executive benefits at SunTrust Banks, Inc., where he was responsible for the design, development
and administration of all broad-based employee compensation and executive benefits programs. From
May&nbsp;1978 to May&nbsp;2000, Mr.&nbsp;Lee served in a number of leadership roles at Wachovia Corporation,
including manager of direct compensation, director of compensation and benefits, human resources
manager for the Corporate Financial Services Division and senior consultant in the Executive
Services Group. From 1973 to 1978 Mr.&nbsp;Lee held various positions at John Harland Company in the
Printing Operations Division and the Personnel Department. Mr.&nbsp;Lee has 30&nbsp;years of diversified
human resources experience. Mr.&nbsp;Lee holds a B.B.A. (1973)&nbsp;from the University of Georgia.


<P align="left" style="font-size: 10pt">William J. Loughman has been our vice president and chief financial officer since July&nbsp;2004. Mr.
Loughman joined the Finance Department of AirGate PCS, Inc with over 25&nbsp;years of finance and
operations experience, primarily in the telecommunications industry. Prior to joining AirGate, he
was with o2wireless Solutions from April&nbsp;1998 to December&nbsp;2003, where he held various positions,
including president and chief executive officer, chief operating officer and chief financial
officer. He has also held various financial and operations positions with AT&#038;T Wireless from 1996
to 1998, Motorola from 1993 to 1996, Bell Atlantic from 1988 to 1993 and Cellular One from 1985 to
1988.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">Jonathan M. Pfohl has been our vice president of marketing and new products since September&nbsp;1, 2004
and was vice president, finance from December&nbsp;2002 to August&nbsp;2004. From January&nbsp;2001 to December
2002 he was vice president, sales and operations. Mr.&nbsp;Pfohl joined us in June&nbsp;1999 as our vice
president, financial operations. Prior to joining AirGate, Mr.&nbsp;Pfohl was responsible for oversight
of regional financial and planning activities at Sprint PCS. He has over 14&nbsp;years of wireless
telecommunications industry experience, including financial and strategic planning roles at
Frontier Corporation.



<P align="left" style="font-size: 10pt"><I>Compliance With Section&nbsp;16(a) Beneficial Ownership Reporting Requirements</I>


<P align="left" style="font-size: 10pt">Section&nbsp;16(a) of the Securities Exchange Act of 1934 requires our directors and executive officers
and persons who own more than ten percent of a registered class of our equity securities to file
with the SEC reports of ownership and changes in ownership of our common stock. Directors,
executive officers and greater than ten percent shareowners are required by SEC regulations to
furnish us with a copy of all Section 16(a) forms they file.


<P align="left" style="font-size: 10pt">Based solely on a review of the copies of these reports furnished to us or written representations
that no other reports were required, we believe that during fiscal
year 2004, all directors,
executive officers and greater than ten percent beneficial owners complied with these requirements.



<P align="left" style="font-size: 10pt"><I>Code of Ethics</I>


<P align="left" style="font-size: 10pt">AirGate has adopted a written Code of Ethics that applies to all of its directors, officers,
including its President and Chief Executive Officer (as the chief executive officer) and its Chief
Financial Officer (as its chief accounting and financial officer), and employees. The Code of
Ethics is entitled <I>Standards of Business Conduct </I>and is available on AirGate&#146;s website,
www.airgatepcsa.com, under the &#147;Corporate Governance&#148; caption. Any amendments or waivers to the
<I>Standards of Business Conduct </I>will be disclosed on AirGate&#146;s website promptly following the date of
such amendment or waiver. Information on AirGate&#146;s website, however, does not form a part of this
Form 10-K.



<P align="left" style="font-size: 10pt"><I>Audit Committee Financial Expert</I>


<P align="left" style="font-size: 10pt">The Audit Committee is comprised of Robert A. Ferchat, Timothy M. O&#146;Brien, John W. Risner and
Stephen R. Stetz. Each member of the Audit Committee is independent and financially literate in
the judgment of our Board of Directors and as required by the Sarbanes-Oxley Act and applicable SEC
and NASDAQ rules. The board has also determined that each of Messrs.&nbsp;Ferchat and Stetz are an
&#147;audit committee financial expert,&#148; as defined under SEC
regulations. Each Audit Committee member is independent of
management of AirGate.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt"><B>ITEM 11. </B><B><I>Executive Compensation.</I></B>



<P align="left" style="font-size: 10pt"><I>Directors&#146; Compensation</I>


<P align="left" style="font-size: 10pt">During the first quarter of fiscal year 2003 AirGate engaged the services of an executive
compensation consulting firm to review the compensation plan for our non-employee directors. The
consulting firm reviewed, among other things, the non-employee director compensation practices of
similarly sized companies within and outside of our industry as well as unique factors specific to
our company. Based on this review and the recommendations of management and the consulting firm,
we adopted the AirGate PCS, Inc. Non-Employee Director Compensation Plan, dated January&nbsp;22, 2003
(the &#147;Director Plan&#148;) to increase compensation for our non-employee directors. As amended, for each
plan year (beginning on the day of an annual meeting of our shareholders and ending on the day
immediately preceding the date of our next annual meeting) each non-employee director who chaired
one or more committees of our board of directors received an annual retainer of $15,000, an
increase over the previous $12,000 annual retainer. All other non-employee directors received a
$10,000 annual retainer. The amendment also added meeting fees for board and committee meetings as
follows: (i)&nbsp;full-day (more than four hours) meeting, $3,000; (ii)&nbsp;one-half day meetings, $1,500;
(iii)&nbsp;full-day telephonic meetings, $1,500 and (iv)&nbsp;one-half day telephonic meetings, $750. In
addition, as an inducement for and in recognition of their board service during this difficult
period of our company&#146;s development, directors who continued to serve (continuing directors) were
to be paid an additional special retainer of $12,500 every six months until December&nbsp;1, 2004.
Finally, the initial stock option grant to non-employee directors was increased to 2,000 shares
from 1,000 shares and the annual stock option grant was increased to 1,500 shares from 1,000
shares. (These share amounts are adjusted to reflect our one-for-five reverse stock split on
February&nbsp;13, 2004.)


<P align="left" style="font-size: 10pt">In December&nbsp;2003, the compensation and governance committee engaged a compensation consulting firm
to conduct a follow-up review of compensation for non-employee directors. The factors that led to
this review included a desire to ensure that the design features of our non-employee director
compensation plan were consistent with those endorsed by the National Association of Corporate
Directors and the need to attract four new qualified directors following the completion of our debt
restructuring. The consulting firm reviewed, among other things, the director compensation plans of
companies within our peer group, as well as director compensation practices among public
telecommunications companies generating similar revenues. Based upon this review, the consulting
firm recommended that the Company amend the Director Plan to provide for higher retainers but lower
per meeting fees. In addition, the consulting firm recommended that, for equity compensation, the
Company award non-employee directors restricted stock units rather than granting them stock
options. As a result of these recommendations, the Company amended the Director Plan effective
April&nbsp;7, 2004. The AirGate PCS, Inc. Amended and Restated Director Compensation Plan increased the
annual retainers, reduced meeting fees and provided for the award of restricted stock units. For
each plan year (beginning on the day of an annual meeting of our shareholders and ending on the day
immediately preceding the date of our next annual meeting), the chair of the board of directors
(&#147;lead director&#148;) will receive an annual retainer of $30,000, the chair of the audit committee will
receive an annual retainer of $26,000, and the chair of the compensation and governance committee
will receive an annual retainer of $25,000. All other non-employee directors will receive an annual
retainer fee of $20,000. If the lead director also serves as chair of either the audit committee
or the compensation and governance committee, he/she will receive the additional retainer fee
attributable to serving as chair of the committee. Annual retainer fees will be paid to
non-employee directors in monthly installments. Meeting fees for board and committee meetings will
be as follows: (i)&nbsp;full-day (more than four hours) meetings, $1,500, (ii)&nbsp;telephonic meetings,
$750; (iii)&nbsp;committee meetings, $1,000; and (iv)&nbsp;telephonic committee meetings, $500. Non-employee
directors will not receive additional meeting fees for committee meetings held on the same day as
board meetings. Finally, the Amended and Restated Director Compensation Plan replaces the initial
stock option grant for new non-employee directors joining our board with an initial award of 1,000
restricted stock units and replaces the annual stock option grants for non-employee directors with
an annual award of restricted stock units with an equivalent value of $10,000.00 on the date of the
award.. The special retainer provided to Messrs.&nbsp;Ferchat and Stetz (continuing directors) under the
Director Plan was discontinued on April&nbsp;8, 2004 and is not included as a part of this plan.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt"><I>Director Compensation for Last Fiscal Year</I>


<P align="left" style="font-size: 10pt">The following table shows the cash compensation paid by us to our non-employee directors during the
fiscal year ended September&nbsp;30, 2004.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="14" style="border-bottom: 1px solid #000000"><B>Cash Compensation</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Annual</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Meeting</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Consulting Fees/</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Retainer Fees($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Fees($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Other Fees($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert A. Ferchat</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">41,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">54,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">95,900</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Max D. Hopper</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,667</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,167</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Timothy M. O&#146;Brien</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,742</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,565</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">John W. Risner</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,954</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,214</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,168</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gail S. Schoettler</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,667</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,667</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stephen R. Stetz</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">37,333</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">55,250</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">92,583</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><I>Summary Compensation Table</I>


<P align="left" style="font-size: 10pt">The following table shows the cash compensation paid by us, as well as certain other compensation
paid or accrued, to the chief executive officer and our four other highest paid executive officers
who were serving as such on September&nbsp;30, 2004 and who received compensation in excess of $100,000
The following table also shows the compensation paid to Barbara L. Blackford, who was our Vice
President, General Counsel and Secretary, until March&nbsp;26, 2004 and to William H. Seippel, who was
our Vice President and Chief Financial Officer until March&nbsp;26, 2004. We refer to each of these
persons as &#147;Named Executive Officers&#148; and set forth their compensation information for the fiscal
years ended September&nbsp;30, 2004, 2003 and 2002.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Restricted<br>Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities<br>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>All Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Bonus</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Other Annual</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Award(s)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Options/</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Compensation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Year</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Salary ($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>($)(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>Compensation($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>($)(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>(#)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>($)(3)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Thomas M. Dougherty(4)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">360,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">805,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">398,250&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">9,032</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">President and Chief</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">340,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,145,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,527</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Executive Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">314,038</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">785,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70,040</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,484</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">William J. Loughman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,807</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">213,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Chief Financial Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Roy E. Hadley, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,846</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">142,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Vice President, General</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Counsel and Secretary</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">David C. Roberts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">218,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">185,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">318,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,167</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Vice President,</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">199,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">166,300</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,402</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Engineering and</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">196,199</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,016</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,445</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Network Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jonathan M. Pfohl</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">194,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">151,335</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Vice President, Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">188,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">156,600</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,808</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">183,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,522</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,640</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">William H. Seippel</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135,385</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,700</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,305</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Former Chief Financial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">232,164</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">162,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">252,180</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barbara L. Blackford</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">107,323</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,833</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Former Vice President,</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">218,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">153,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">657</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">General Counsel and</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">212,808</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,016</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,329</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Secretary</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">For fiscal year 2004, the amounts disclosed include that portion
of each named executive officer&#146;s fiscal year 2003 annual bonus
award that was not earned during fiscal year 2003. This bonus
award was payable only upon the successful</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">completion of the financial restructuring that occurred in February&nbsp;2004. Such
amount for each of the named executive officers is as follows:
for Mr.&nbsp;Dougherty $115,000; for Mr.&nbsp;Seippel $60,700; for Ms.
Blackford $61,900; for Mr.&nbsp;Roberts $53,400 and for Mr.&nbsp;Pfohl
$42,300.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">For 2004, amounts included above represent the fair market value
of AirGate common shares underlying the performance restricted
stock unit awards on the date they were awarded. Messrs.
Dougherty and Pfohl received their awards on April&nbsp;8, 2004 and
the closing price of our common stock on that date was $15.93 per
share. Messrs.&nbsp;Loughman and Hadley received their awards on
August&nbsp;11, 2004 and the closing price of our common stock on that
date was $14.24 per share. These performance restricted stock
units have a performance restriction, a three-year cumulative
EBITDA goal, and a time restriction, the third anniversary date
of the award. Each restriction must be satisfied for the awards
to vest at which time the restricted stock units will be
converted to AirGate common shares and unencumbered ownership
thereof transferred to each executive.

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">For 2003, with respect to Mr.&nbsp;Seippel, amounts
included above represent the fair market value of the shares
underlying the restricted stock award on the date they were
awarded, October&nbsp;24, 2002, which was $3.20 on a post-split basis.
25% of this restricted stock award vested on the first anniversary
date of the award and the remaining shares will vest ratably in 25%
installments on each anniversary date thereafter. Dividends will not
be paid on the restricted stock. As of September&nbsp;30, 2003,
Mr.&nbsp;Seippel held 6,000&nbsp;shares on a post-split basis of
restricted stock worth $72,600. This value is based on the closing
price of our common stock on September&nbsp;30, 2003, which was
$12.10 on a post-split basis.

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">For 2002, with respect to all named executive officers excluding
Mr.&nbsp;Seippel, amounts included above represent the fair market
value of the shares underlying the restricted stock awards on the
date they were awarded, January&nbsp;10, 2002, based on the closing price of our
common stock on that date, which was $35.02. 50% of the shares
underlying the restricted stock awards vested on November&nbsp;1, 2002
and the remaining 50% of the shares vested on November&nbsp;1, 2003.
Dividends were not paid on the restricted stock. As of September
30, 2004, Mr.&nbsp;Dougherty held 400 shares of restricted stock worth
$7,840, Ms.&nbsp;Blackford held 160 shares of restricted stock worth
$3,136, Mr.&nbsp;Roberts held 160 shares of restricted stock worth
$3,136 and Mr.&nbsp;Pfohl held 220 shares of restricted stock worth
$4,312.


<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">The above values are based on the closing price of our common
stock on September&nbsp;30, 2004, which was $19.60. With respect to
Mr.&nbsp;Seippel, amounts included above represent the fair market
value of the shares underlying the restricted stock award on the
date they were awarded, October&nbsp;24, 2002, which was $0.62. 25% of
this restricted stock award vested on the first anniversary date
of the award and the remaining shares vest ratably in 25%
installments on each anniversary date thereafter. Dividends will
not be paid on the restricted stock.


<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">As of September&nbsp;30, 2004,
Mr.&nbsp;Seippel held 6,000 shares of restricted stock worth $117,600.
This value is based on the closing price of our common stock on
September&nbsp;30, 2004, which was $19.60.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Amounts contributed by us on behalf of each executive to the
AirGate PCS, Inc. 401(k) Retirement Plan and premiums paid on
behalf of each executive for group term life insurance. Amounts
contributed by the Company on behalf of each executive to the
AirGate PCS, Inc. 401(k) Retirement Plan are as follows: $8,200
for Mr.&nbsp;Dougherty, $5,945 for Mr.&nbsp;Seippel, $7,680 for Ms.
Blackford, $8,200 for Mr.&nbsp;Roberts and $9,874 for Mr.&nbsp;Pfohl.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">For fiscal year 2004, includes a $330,000 annual bonus award
pursuant to the AirGate PCS, Inc. 2004 Executive Bonus Plan,
$115,000 bonus award pursuant to the AirGate PCS, Inc. 2003
Executive Bonus Plan and $360,000 paid pursuant to a retention
bonus agreement entered into on May&nbsp;4, 2000, as described below.
For fiscal year 2003, includes a $328,000 annual bonus award
pursuant to the AirGate PCS, Inc. 2003 Executive Bonus Plan and
$720,000 paid pursuant to the aforesaid agreement. For fiscal
year 2002, includes a $65,800 annual bonus award and $720,000
paid pursuant to the aforesaid agreement.</TD>
</TR>

</TABLE>



<P align="left" style="font-size: 10pt"><I>Employment and Severance Agreements</I>


<P align="left" style="font-size: 10pt">We entered into an employment agreement with Thomas M. Dougherty, our chief executive officer with
a five-year term that ended April&nbsp;15, 2004. Under the terms of that agreement Mr.&nbsp;Dougherty was
eligible to receive an annual bonus of at least 50% of his base salary. As set forth in the
agreement, Mr.&nbsp;Dougherty was guaranteed an annual increase in his base salary of at least $20,000.
Therefore, the compensation and governance committee recommended and the board approved a $20,000
annual increase to Mr.&nbsp;Dougherty&#146;s base salary effective December&nbsp;1, 2003 that set his new annual
base salary at $345,000. Under that employment agreement Mr.&nbsp;Dougherty was entitled to participate
in any executive benefit/perquisite we establish at a minimum aggregate payment of $15,000 per
year. Pursuant to this employment agreement, Mr.&nbsp;Dougherty initially was awarded a stock option
exercisable for 60,000 shares of common stock. This stock option vested with respect to 25% of the
underlying shares of common stock on the date Mr.&nbsp;Dougherty commenced his employment with us, April
15, 1999, and such vested options became exercisable on April&nbsp;15, 2000. The remaining 75% of the
shares of common stock subject to the initial stock option vest in 15 equal quarterly installments
beginning June&nbsp;30, 2000. The exercise price of the initial stock option granted to Mr.&nbsp;Dougherty
was $70.00 per share. As of September&nbsp;4, 2003, Mr.&nbsp;Dougherty surrendered (returned to AirGate)
outstanding and unexercised options for 37,142 shares that were part of the initial April&nbsp;15, 1999
stock option grant. In addition, under his employment agreement which expired on April&nbsp;15, 2004,
Mr.&nbsp;Dougherty was eligible to participate in all employee benefit plans and policies.


<P align="left" style="font-size: 10pt">On May&nbsp;4, 2000, we entered into a retention bonus agreement with Mr.&nbsp;Dougherty. This agreement was
intended to pay Mr.&nbsp;Dougherty the difference between the initial 60,000 option grant at $10.00 a
share and the actual grant price of $70.00 a share. The timing of the payments matched the vesting
of the initial 60,000 shares option grant. As a result, Mr.&nbsp;Dougherty received periodic payments
totaling $3.6&nbsp;million, which were paid on specified payment dates from April&nbsp;15, 2000 to January
15, 2004. During fiscal year 2004, Mr.&nbsp;Dougherty received payments of $360,000 under this
agreement.


<P align="left" style="font-size: 10pt">On December&nbsp;7, 2004, AirGate entered into a new employment agreement with Mr.&nbsp;Dougherty. This new
employment agreement is for a one-year term, with automatic one-year extensions on the anniversary
of such date. Mr.&nbsp;Dougherty is eligible




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt">to receive an annual cash bonus under AirGate&#146;s executive
bonus plan based on achievement of performance goals established by the compensation committee of
AirGate&#146;s board of directors. The compensation committee set Mr.&nbsp;Dougherty&#146;s targeted bonus at 65%
of his base salary, which was set at $360,000.


<P align="left" style="font-size: 10pt">His new employment agreement provides that AirGate may terminate Mr.&nbsp;Dougherty&#146;s employment with or
without cause, as defined in the agreement, at any time. The agreement also provides that Mr.
Dougherty may at any time terminate his employment for good reason, as defined in the agreement, or
for no reason. If AirGate terminates Mr.&nbsp;Dougherty&#146;s employment without cause or Mr.&nbsp;Dougherty
terminates his employment for good reason, he is entitled to receive:



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>all compensation and benefits earned through the date of termination,</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>if the date of termination occurs</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>before or more than a year after a change of control, as defined in the
agreement, one year&#146;s base salary plus Mr.&nbsp;Dougherty&#146;s target bonus for that year,
or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>within a year after a change of control, three years&#146; base salary, and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>18&nbsp;months of health and other benefits.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">In the event of Mr.&nbsp;Dougherty&#146;s death, his spouse is entitled to twelve months&#146; base salary and
health and other benefits for one year. Mr.&nbsp;Dougherty agreed to certain customary non-compete
restrictions on his present and future employment for either (x)&nbsp;one year after his termination (if
his termination occurs before or more than a year after a change of control) or (y)&nbsp;three years
after his termination (if his termination occurs within a year after a change of control).


<P align="left" style="font-size: 10pt">Mr.&nbsp;Dougherty also agreed to reasonably cooperate with and provide reasonable assistance to AirGate
for two years following his termination so long as such cooperation does not impede his ability to
meet his obligations or duties to his then current employer. In connection with such cooperation,
AirGate agreed to compensate Mr.&nbsp;Dougherty for his services, pay any costs or expenses incurred in
connection with such cooperation, and provide indemnity for any legal matters resulting from his
cooperation.


<P align="left" style="font-size: 10pt">On December&nbsp;7, 2004, AirGate also entered into employment agreements with William A. Loughman,
AirGate&#146;s Vice President and Chief Financial Officer, and Roy A. Hadley, AirGate&#146;s Vice President,
General Counsel and Secretary. The employment agreements formalized the terms of employment
originally set forth in offer letters to Messrs.&nbsp;Loughman and Hadley, dated July&nbsp;7, 2004 and June
18, 2004, respectively. Each employment agreement is for a one-year term, with automatic one-year
extensions on the anniversary of such date. Each of Messrs.&nbsp;Loughman and Hadley is eligible to
receive an annual cash bonus based on achievement of performance goals established by the
compensation committee of AirGate&#146;s board of directors. The compensation committee set each of
Messrs.&nbsp;Loughman&#146;s and Hadley&#146;s targeted bonus at 40% of their respective base salary, which was
$220,000 for Mr.&nbsp;Loughman and $190,000 for Mr.&nbsp;Hadley.


<P align="left" style="font-size: 10pt">Each employment agreement provides that AirGate may terminate Messrs.&nbsp;Loughman&#146;s or Hadley&#146;s
employment with or without cause, as defined in the agreement, at any time. Each agreement also
provides that Messrs.&nbsp;Loughman or Hadley may at any time terminate his employment for good reason,
as defined in the agreement, or for no reason. If AirGate terminates Messrs.&nbsp;Loughman&#146;s or Hadley&#146;s
employment without cause or Messrs.&nbsp;Loughman or Hadley terminates his employment for good reason,
he is entitled to receive:



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>all compensation and benefits earned through the date of termination,</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>if the date of termination occurs before or more than a year after a change of control, as defined in the agreement, one year&#146;s base salary plus his
target bonus for that year, or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>within a year after a change of control, two years&#146; base salary, and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>18&nbsp;months of health and other benefits.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">Messrs.&nbsp;Loughman and Hadley each agreed to certain customary non-compete restrictions on his
present and future employment for either (x)&nbsp;one year after his termination (if his termination
occurs before or more than a year after a change of control) or (y)&nbsp;two years after his termination
(if his termination occurs within a year after a change of control).


<P align="left" style="font-size: 10pt">Messrs.&nbsp;Loughman and Hadley also each agreed to cooperate with and provide assistance to AirGate
for two years following his termination so long as such cooperation does not impede his ability to
meet his obligations or duties to his then current employer. In connection with such cooperation,
AirGate agreed to compensate each of Messrs.&nbsp;Loughman and Hadley for his services and pay any costs
or expenses incurred in connection with such cooperation.



<P align="left" style="font-size: 10pt"><B>Option/SAR Grants During the Last Fiscal Year</B>


<P align="left" style="font-size: 10pt">The following table sets forth information regarding option grants to the Named Executive Officers
during the last fiscal year.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>Option Grants in Last Fiscal Year(1)</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Potential Realized Value at</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Assumed Annual Rates of</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Stock Price Appreciation for</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>% of Total</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>Option Term (10 Years) (2)</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Options</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Underlying Options</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Granted</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Exercise Price</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Expiration Date</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>5%</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>10%</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Thomas M. Dougherty</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">15.9</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">15.93</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4/2014</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">751,372</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,904,124</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">William J.Loughman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">9.5</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">14.24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8/2014</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">402,996</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,021,270</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Roy E. Hadley, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.4</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">14.24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8/2014</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">268,664</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">680,847</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">David C. Roberts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">12.7</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">15.93</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4/2014</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">601,097</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,523,299</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jonathan M. Pfohl</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">15.93</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4/2014</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">285,521</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">723,567</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">William H. Seippel</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barbara L. Blackford</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">0.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">243,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">64.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">These options vest in four equal annual installments. Vesting may be accelerated upon the
occurrence of both of the following: (i)&nbsp;a change of control, which would include the
recapitalization plan and (ii)&nbsp;termination of employment by the Company without cause, or by
the executive with &#147;good reason,&#148; within two years of the change of control.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Assumes stock price appreciation from the value on the date of grant, which is the exercise
price.</TD>
</TR>

</TABLE>



<P align="left" style="font-size: 10pt"><B>Aggregated Option Exercises in Last Fiscal Year and Fiscal Year-End Option Value Table</B>


<P align="left" style="font-size: 10pt">The following table sets forth information concerning the value as of September&nbsp;30, 2004 of options
held by the Named Executive Officers.



<P align="center" style="font-size: 10pt"><B>Aggregated Option Exercises in Last Fiscal Year</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Value of Unexercised</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Unexercised</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>In-the-Money</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Options at Fiscal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Options at Fiscal</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Year-End</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Year-End</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Shares Acquired</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>(exercisable/</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>(exercisable/</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>on Exercise</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Value Realized(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>unexercisable)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>unexercisable)(2)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Thomas M. Dougherty</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,000/90,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">77,500/507,750</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Willian J. Loughman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;/45,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;/241,200</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Roy E. Hadley, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;/30,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;/160,800</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">David C. Roberts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,800/65,400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">27,900/303,900</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jonathan M. Pfohl</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,800/33,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">27,900/188,295</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">William H. Seippel</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">102,550</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;/&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;/&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barbara L. Blackford</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;/&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;/&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Based upon the market price of the purchased shares on the exercise
date less the option exercise price paid for such shares.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">The values of the unexercised in-the-money options were calculated by
multiplying the number of shares of common stock underlying the
options by the difference between $19.60, which was the closing market
price of our common stock on September&nbsp;30, 2004, and the option
exercise price<B>.</B></TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt"><I>Compensation and Governance Committee Interlocks and Insider Participation</I>



<P align="left" style="font-size: 10pt">None of the members of the Compensation and Governance Committee was an officer or employee of
AirGate or had any relationship with us that requires disclosure under SEC regulations.


<P align="left" style="font-size: 10pt"><B>ITEM 12. </B><B><I>Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.</I></B>



<P align="center" style="font-size: 10pt"><B>EQUITY COMPENSATION PLAN INFORMATION</B>


<P align="left" style="font-size: 10pt">The following table gives information about AirGate common stock that may be issued under all of
AirGate&#146;s existing equity compensation plans as of September&nbsp;30, 2004.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>(c) Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Remaining Available</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>(a) Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>for</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities to be</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Future Issuance Under</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Issued</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>(b) Weighted Average</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Equity Compensation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>(d) Total of</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Upon Exercise of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Exercise Price of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Plans (Excluding</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Outstanding Options,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Outstanding Options,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities Reflected</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Reflected in</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Plan Category</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Warrants and Rights</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Warrants and Rights</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>in Column (a))</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Columns (a) and (c)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity Compensation
Plans Approved by
Shareowners</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">41,273</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">163.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,273</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">43,876</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">154.57</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,876</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">441,220</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">14.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">753,430</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,194,650</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">TOTAL</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">526,369</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">753,430</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,279,799</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity Compensation
Plans Not Approved by
Shareowners</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7,507</TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">223.86</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,507</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">TOTAL</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">533,876</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">40.42</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">753,430</TD>
    <TD nowrap>(6)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,287,306</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">The right to issue options under this plan terminated upon shareholder approval of the
2002 Long-Term Incentive Plan.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Issued under the AirGate PCS, Inc. 1999 Stock Option Plan.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Issued under the AirGate PCS, Inc. Amended and Restated 2000 Long-Term Incentive Plan.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Issued under the AirGate PCS, Inc. 2002 Long-Term Incentive Plan.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(5)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Issued under the AirGate PCS, Inc. 2001 Non-Executive Stock Option Plan.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(6)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">In addition, 14,654 shares of AirGate&#146;s common stock remained for issuance under the AirGate
PCS, Inc. 2001 Employee Stock Purchase Plan.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>Grants made under the AirGate PCS, Inc. 2001 Non-Employee Director Compensation Plan were issued
under either the AirGate PCS, Inc. 1999 Stock Option Plan or the AirGate PCS, Inc. 2002 Long-Term
Incentive Plan and thus are not separately stated in the table.</B>



<P align="left" style="font-size: 10pt"><B>AirGate PCS, Inc. 2001 Non-Executive Stock Option Plan</B>


<P align="left" style="font-size: 10pt">On January&nbsp;31, 2001, our board of directors approved the AirGate PCS, Inc. 2001 Non-Executive Stock
Option Plan, pursuant to which non-qualified stock options could be granted to our employees who
are not officers or directors. This plan was not submitted to our shareowners for approval. As of
September&nbsp;30, 2004, options to acquire 7,507 shares on a
post-reverse stock split basis were outstanding under this plan, out of the
30,000 shares originally reserved for issuance. No further grants may be made under the 2001
Non-Executive Stock Option Plan.


<P align="left" style="font-size: 10pt">The plan authorized the granting of non-qualified stock options only. The exercise price of an
option could not be less than the fair market value of the underlying stock on the date of grant
and no option could have a term of more than ten years. All of the options that are currently
outstanding under the plan vest ratably over a four-year period beginning at the grant date and
expire ten years from the date of grant.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS,<BR> DIRECTORS AND OFFICERS" -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="center" style="font-size: 10pt"><B>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS,<BR>
DIRECTORS AND OFFICERS</B>


<P align="left" style="font-size: 10pt">On November&nbsp;30, 2004, there were approximately 11,768,258 shares of our common stock outstanding.
The following table presents certain information regarding the beneficial ownership of our common
stock, as of November&nbsp;30, 2004 with respect to:

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>each person who, to our knowledge, is the beneficial owner of 5% or more of
our outstanding common stock;</TD>
</TR>
</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>each of our directors and nominees for directors;</TD>
</TR>
</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>each of the Named Executive Officers; and</TD>
</TR>
</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>all of our executive officers and directors as a group.</TD>
</TR>
</TABLE>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Percentage</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Beneficially</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Outstanding</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name of Beneficial Owner(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Owned(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #000000"><B>Common Stock</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Thomas M. Dougherty(3)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,742</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Barbara L. Blackford</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">*</TD>
    <TD nowrap>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert A. Ferchat</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,128</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Roy E. Hadley, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Max D. Hopper</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">William J. Loughman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Timothy M. O&#146;Brien</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jonathan M. Pfohl(4)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,704</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">John W. Risner</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gail S. Schoettler</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">William H.
Seippel</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">*</TD>
    <TD nowrap>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">David C. Roberts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,254</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stephen R. Stetz</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Glenview
Capital Management, LLC (5)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,179,929</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">10.0</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All
executive officers and directors as a group (9 persons)(6)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>122,328</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">*</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P>
<HR size="1" width="18%" align="left" noshade color="#000000">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">*</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Less than one percent.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Except as indicated, the address for each executive officer and director is 233 Peachtree Street, N.E., Harris Tower, Suite
1700, Atlanta, Georgia 30303.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Beneficial ownership is determined in accordance with Rule&nbsp;13d-3 of the Securities Exchange Act. A person is deemed to be the
beneficial owner of shares of common stock if such person has or shares voting or investment power with respect to such
common stock, or has the right to acquire beneficial ownership at any time within 60&nbsp;days of the date of the table. As used
herein, &#147;voting power&#148; is the power to vote or direct the voting of shares and &#147;investment power&#148; is the power to dispose or
direct the disposition of shares.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 15,000 shares of common stock owned jointly with Mr.&nbsp;Dougherty&#146;s wife, 130 shares of common stock owned by Mr.
Dougherty&#146;s children and 5,000 shares of common stock subject to options which are exercisable within 60&nbsp;days of the date of
this table.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 18 shares of common stock owned by Mr.&nbsp;Pfohl&#146;s children and 1,800 shares of common stock subject to options which
are exercisable within 60&nbsp;days of the date of this table.</TD>
</TR>


<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(5)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Information presented is based on a Schedule&nbsp;13D dated November&nbsp;22, 2004
by Glenview Capital Management, LLC (&#147;Management&#148;),
Glenview Capital GP, LLC (&#147;GP&#148;), Glenview Capital Partners, L.P. (&#147;Partners&#148;),
Glenview Institutional Partners, L.P.
(&#147;Institutional&#148;), Glenview Capital Master Fund, Ltd. (&#147;Master Fund&#148;), and GCM
Little Arbor Master Fund, Ltd. (&#147;GCM Fund&#148;),
and together with Management, GP, Partners, Institutional, and Master Fund, the &#147;Glenview Filing
Parties&#148;). The Schedule&nbsp;13D
indicates that Partners, Institutional, Master Fund and GCM Fund each beneficially owns 114,871,
335,662, 685,796 and 43,600&nbsp;shares,
respectively. The Schedule&nbsp;13D also indicates that each of the four beneficial owners has
delegated sole voting and
dispositive power to Management. In addition, GP serves as the general partner of Partners and
Institutional. As a result of
these shareholdings, ownership structure and delegation, the
Schedule&nbsp;13D indicates that each of
the Glenview Filing Parties
has shared voting and dispositive power over the full 1,179,929&nbsp;shares. The business address for
each of Management, GP,
Partners and Institutional is 399 Park Avenue, Floor&nbsp;39, New York,</TD>
</TR>
</TABLE>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">New York 10022. The business address of Master Fund and
GCM Fund is c/o Goldman Sachs (Cayman) Trust, Limited, Harbour Centre, North Church Street, P.O. Box 896GT, George Town,
Grand Cayman, Cayman Islands, British West Indies, Cayman Island exempted company.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(6)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 6,800&nbsp;shares of common stock subject to options which are exercisable within
60&nbsp;days of the date of this table.</TD>
</TR>
</TABLE>


<P align="left" style="font-size: 10pt"><B>ITEM 13. </B><B><I>Certain Relationships and Related Transactions.</I></B>


<P align="left" style="font-size: 10pt">None.



<P align="left" style="font-size: 10pt"><B>ITEM 14. </B><B><I>Principal Accounting Fees and Services.</I></B>



<P align="left" style="font-size: 10pt"><I>Fees Paid to KPMG</I>


<P align="left" style="font-size: 10pt">The following table shows the fees that AirGate paid or accrued for the audit and other services
provided by KPMG LLP for the fiscal years ended September&nbsp;30, 2003 and 2002:


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Year Ended</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Year Ended</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>September 30, 2004</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>September 30, 2003</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">460,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">558,063</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit-Related Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">238,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">638,850</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tax Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">145,190</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">391,820</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All Other Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,891</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">843,390</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,599,624</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><I>Audit Fees. </I>This category includes the aggregate fees billed for professional services rendered by
KPMG LLP for the audit of our annual consolidated financial statements and the limited reviews of
our quarterly condensed consolidated financial statements for the years ended September&nbsp;30, 2004
and 2003.


<P align="left" style="font-size: 10pt"><I>Audit-Related Fees. </I>This category includes the aggregate fees billed for non-audit services,
exclusive of the fees disclosed relating to audit fees, rendered by KPMG LLP during the fiscal
years ended September&nbsp;30, 2004 and 2003. These services principally include the assistance and
issuance of consents for various filings with the SEC, as well as the
audits of our benefit plans.


<P align="left" style="font-size: 10pt"><I>Tax Fees. </I>This category includes the aggregate fees billed for tax services rendered by KPMG LLP
during the fiscal years ended September&nbsp;30, 2004 and 2003. These services consisted primarily of
tax compliance and tax consultation services. In addition, for fiscal years ended September&nbsp;30,
2004 and 2003, these services include preparation of state and federal tax returns for the Company
and its subsidiaries.


<P align="left" style="font-size: 10pt"><I>All Other Fees. </I>This category includes the aggregate fees billed for all other services, exclusive
of the fees disclosed above, rendered by KPMG LLP during the fiscal years ended September&nbsp;30, 2004
and September&nbsp;30, 2003.


<P align="left" style="font-size: 10pt">The Audit Committee has concluded that the non-audit services provided by KPMG LLP are compatible
with maintaining the independence of KPMG LLP.



<P align="left" style="font-size: 10pt"><I>Oversight of Accountants; Approval of Accounting Fees</I>


<P align="left" style="font-size: 10pt">Under the provisions of its charter, the Audit Committee is responsible for the appointment,
compensation, retention and oversight of the work of the independent auditors. The Audit Committee
has adopted the Audit Committee Policy For Pre-Approval of Services, which provides that the Audit
Committee must pre-approve all audit and non-audit services provided by the independent auditors.
These services may include audit services, audit-related services, tax services and other services,
and the Audit Committee pre-approves the fees for each specific category of service. The Audit
Committee has delegated pre-approval authority to the Chair for external audit services not
exceeding $75,000 per engagement, and the Chair must report any pre-approval decisions to the Audit
Committee at its next meeting. The policy specifically prohibits certain non-audit services that
are prohibited by securities laws from being provided by an independent auditor.


<P align="left" style="font-size: 10pt">All of the principal accounting services and fees reflected in the table in this Item&nbsp;14 were
reviewed and approved by the Audit Committee, and none of the services were performed by
individuals who were not employees of the independent auditor.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt"><B>ITEM 15. </B><B><I>Exhibits, Financial Statement Schedules and Reports on Form&nbsp;8-K</I></B>



<P align="left" style="font-size: 10pt"><B><I>(c)&nbsp;Exhibits</I></B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Agreement and Plan of Merger, dated as of December&nbsp;7, 2004, by and
among Alamosa Holdings, Inc., A-Co. Merger Sub, Inc. and AirGate
PCS, Inc. (incorporated by reference to Exhibit&nbsp;2.1 to the current
report on Form&nbsp;8-K filed by AirGate with the Commission on December
9, 2004 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Corrected Restated Certificate of Incorporation of AirGate PCS, Inc.
(&#147;AirGate&#148;), dated February&nbsp;13, 2004 (incorporated by reference to
Exhibit&nbsp;3.(I) to the quarterly report on Form&nbsp;10-Q filed by AirGate
with the Commission on February&nbsp;17, 2004 for the quarter ended
December, 31 2002 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amended and Restated Bylaws of AirGate, dated December&nbsp;17, 2002
(incorporated by reference to Exhibit&nbsp;3.2 to the annual report on
Form&nbsp;10-K/ A filed by AirGate with the Commission on January&nbsp;17,
2003 for the year ended September&nbsp;30, 2002 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Specimen of common stock certificate of AirGate (incorporated by
reference to Exhibit&nbsp;4.1 to the Registration Statement on Form&nbsp;S-1/A
filed by the registrant with the SEC on June&nbsp;15, 1999 (File Nos.
333-79189-02 and 333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Warrant Agreement for warrants issued in units offering
(incorporated by reference to Exhibit&nbsp;10.15 to the Registration
Statement on Form&nbsp;S-1/ A filed by AirGate with the SEC on September
23, 1999 (File Nos. 333-79189-02 and 333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.3</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Warrant issued in units offering (included in Exhibit&nbsp;4.2)</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of unit (included in Exhibit&nbsp;4.2)</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Lucent Warrants (incorporated by reference to Exhibit&nbsp;4.4 to
the Registration Statement on Form&nbsp;S-1/ A filed by the registrant
with the SEC on September&nbsp;17, 1999 (SEC File Nos. 333-79189-02 and
333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Indenture, dated as of February&nbsp;20, 2004, by and AirGate, its
subsidiaries party thereto and the Bank of New York (incorporated by
reference to Exhibit&nbsp;4.2 to the current report on Form&nbsp;8-K filed by
AirGate on February&nbsp;26, 2004 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Senior Subordinated Secured Notes due 2009 (included in
Exhibit&nbsp;4.6)</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.8</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Security Agreement (incorporated by reference to Exhibit
4.11 to the Registration Statement on Form&nbsp;S-4/A filed by AirGate
with the SEC on January&nbsp;14, 2004 (File No.&nbsp;333-109165)).</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Pledge Agreement (incorporated by reference to Exhibit&nbsp;4.12
to the Registration Statement on Form&nbsp;S-4/A filed by AirGate with
the SEC on January&nbsp;14, 2004 (File No.&nbsp;333-109165).</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.10</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Intercreditor Agreement (incorporated by reference to
Exhibit&nbsp;4.10 to the annual report on Form&nbsp;10-K filed by AirGate with
the Commission on December&nbsp;14, 2005 (SEC File No.&nbsp;000-27455)).</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.11</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Indenture, dated as of October&nbsp;25, 2004, by and among AirGate, its
subsidiaries party thereto and The Bank of New York Trust Company,
N.A. (incorporated by reference to Exhibit&nbsp;4.1 to the current report
on Form&nbsp;8-K filed by AirGate on October&nbsp;29, 2004)</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.12</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of First Priority Senior Secured Floating Rate Notes due 2011
(included in Exhibit&nbsp;4.6)</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Registration Rights Agreement, dated October&nbsp;25, 2004, by and among
AirGate PCS, Inc., its subsidiaries party thereto, Banc of America
Securities LLC and Credit Suisse First Boston LLC (incorporated by
reference to Exhibit&nbsp;4.3 to the current report on Form&nbsp;8-K filed by
AirGate on October&nbsp;29, 2004)</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.14</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Pledge Agreement (incorporated by reference to Exhibit&nbsp;4.4
to the current report on Form&nbsp;8-K filed by AirGate on October&nbsp;29,
2004)</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Security Agreement (incorporated by reference to Exhibit&nbsp;4.5
to the current report on Form&nbsp;8-K filed by AirGate on October&nbsp;29,
2004)</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Support Agreement, dated as of September&nbsp;24, 2003, by and among
AirGate and each of the noteholders signatory thereto (incorporated
by reference to Exhibit&nbsp;10.1 to the Registration Statement on Form
S-4 filed by AirGate with the SEC on September&nbsp;26, 2003 (SEC File
No.&nbsp;333-109165))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sprint PCS Management Agreement and Addenda I-III thereto between
SprintCom, Inc. and AirGate Wireless, L.L.C. (incorporated by
reference to Exhibit&nbsp;10.1 to the Registration Statement on Form&nbsp;S-1/A
filed by AirGate with the Commission on June&nbsp;15, 1999 (SEC File
Nos. 333-79189-02 and 333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.3</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Assignment of Sprint PCS Management Agreement, Sprint Spectrum
Services Agreement and Trademark and Service Mark Agreement from
AirGate Wireless, L.L.C. to AirGate Wireless, Inc. dated November
20, 1998 (incorporated by reference to Exhibit&nbsp;10.14 to the
Registration Statement on Form&nbsp;S-1/ A filed by AirGate with the
Commission on August&nbsp;9, 1999 (SEC File Nos. 333-79189-02 and
333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.4</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Addendum IV to Sprint PCS Management Agreement dated August&nbsp;26, 1999
by and among SprintCom, Inc., Sprint Communications Company, L.P.,
Sprint Spectrum L.P. and AirGate (incorporated by reference to
Exhibit&nbsp;10.1.2 to the annual report on Form&nbsp;10-K filed by AirGate
with the Commission on December&nbsp;18, 2000 for the year ended
September&nbsp;30, 2000 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Addendum V to Sprint PCS Management Agreement dated May&nbsp;12, 2000 by
and among SprintCom, Inc., Sprint Communications Company, L.P. and
AirGate (incorporated by reference to Exhibit&nbsp;10.1.3 to the annual
report on Form&nbsp;10-K filed by AirGate with the Commission on December
18, 2000 for the year ended September&nbsp;30, 2000 (SEC File No.
000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Addendum VI to Sprint PCS Management Agreement dated December&nbsp;8,
2000 by and among SprintCom, Inc., Sprint Communications Company,
L.P., Sprint Spectrum L.P. and AirGate (incorporated by reference to
Exhibit&nbsp;10.1.4 to the quarterly report on Form&nbsp;10-Q filed by AirGate
with the Commission on February&nbsp;14, 2001 for the quarter ended
December&nbsp;31, 2000 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Addendum VII to Sprint PCS Management Agreement dated as of
September&nbsp;10, 2004 by and among SprintCom, Inc., Sprint
Communications Company, L.P., Sprint Spectrum L.P. and AirGate
(incorporated by reference to Exhibit&nbsp;10.1 to the current report on
Form&nbsp;8-K filed by AirGate with the Commission on September&nbsp;14, 2004
(SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.8</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Schedule of Definitions to Sprint PCS Management Agreement by and among SprintCom, Inc. and
AirGate Wireless, L.L.C. (incorporated by reference to Exhibit&nbsp;10.33 to the quarterly report on
Form&nbsp;10-Q filed by AirGate with the Commission on May&nbsp;15, 2002 for the quarter ended March&nbsp;31,
2002 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sprint PCS Services Agreement between Sprint Spectrum L.P. and AirGate Wireless, L.L.C.
(incorporated by reference to Exhibit&nbsp;10.2 to the Registration Statement on Form&nbsp;S-1/ A filed by
AirGate with the Commission on June&nbsp;15, 1999 (SEC File Nos. 333-79189-02 and 333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.10</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sprint Spectrum Trademark and Service Mark License Agreement (incorporated by reference to
Exhibit&nbsp;10.3 to the Registration Statement on Form&nbsp;S-1/ A filed by AirGate with the Commission on
June&nbsp;15, 1999 (SEC File Nos. 333-79189-02 and 333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.11</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sprint Trademark and Service Mark License Agreement (incorporated by reference to Exhibit&nbsp;10.4 to
the Registration Statement on Form&nbsp;S-1/ A filed by AirGate with the Commission on June&nbsp;15, 1999
(SEC File Nos. 333-79189-02 and 333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.12</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sales Agency Agreement made as of May&nbsp;1, 2001 between Sprint Communications Company L.P. and
AirGate (incorporated by reference to Exhibit&nbsp;10.10 to the annual report on Form&nbsp;10-K/ A filed by
AirGate with the Commission on January&nbsp;17, 2003 for the year ended September&nbsp;30, 2002 (SEC File
No.&nbsp;000-27455))</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Master Site Agreement dated August&nbsp;6, 1998 between AirGate and BellSouth Carolinas PCS, L.P. and
BellSouth Personal Communications, Inc. (incorporated by reference to Exhibit&nbsp;10.5 to the
Registration Statement on Form&nbsp;S-1/ A filed by AirGate with the Commission on June&nbsp;15, 1999 (SEC
File Nos. 333-79189-02 and 333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.14</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Notice to AirGate of an assignment of sublease dated September&nbsp;20, 1999 between BellSouth
Cellular Corp. and Crown Castle South Inc., given pursuant to Section&nbsp;16(b) of the Master Site
Agreement (incorporated by reference to Exhibit&nbsp;10.5.1 to the annual report on Form&nbsp;10-K filed by
AirGate with the Commission on December&nbsp;18, 2000 for the year ended September&nbsp;30, 2000 (SEC File
No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Master Tower Space Reservation and License Agreement dated February&nbsp;19, 1999 between AGW Leasing
Company, Inc. and American Tower, L.P. (incorporated by reference to Exhibit&nbsp;10.5.2 to the annual
report on Form&nbsp;10-K filed by AirGate with the Commission on December&nbsp;18, 2000 for the year ended
September&nbsp;30, 2000 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.16</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Master Antenna Site Lease No.&nbsp;J50 dated July&nbsp;20, 1999 between Pinnacle Towers Inc. and AGW
Leasing Company (incorporated by reference to Exhibit&nbsp;10.5.3 to the annual report on Form&nbsp;10-K
filed by AirGate with the Commission on December&nbsp;18, 2000 for the year ended September&nbsp;30, 2000
(SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.17</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Commercial Real Estate Lease dated August&nbsp;7, 1998 between AirGate and Perry Company
of Columbia, Inc. to lease a warehouse facility (incorporated by reference to
Exhibit&nbsp;10.7 to the Registration Statement on Form&nbsp;S-1/ A filed by AirGate with the
Commission on July&nbsp;12, 1999 (SEC File Nos. 333-79189-02 and 333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.18</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Lease Agreement dated August&nbsp;25, 1999 between Robert W. Bruce, Camperdown Company,
Inc. and AGW Leasing Company, Inc. to lease office/warehouse space in Greenville,
South Carolina (incorporated by reference to Exhibit&nbsp;10.7.1 to the annual report on
Form&nbsp;10-K filed by AirGate with the Commission on December&nbsp;18, 2000 for the year
ended September&nbsp;30, 2000 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.19</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Indemnification Agreement (incorporated by reference to Exhibit&nbsp;10.8 to the
Registration Statement on Form&nbsp;S-1/ A filed by AirGate with the Commission on June
15, 1999 (SEC File Nos. 333-79189-02 and 333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.20*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Employment Agreement dated April&nbsp;9, 1999 by and between AirGate and Thomas M.
Dougherty (incorporated by reference to Exhibit&nbsp;10.9 to the Registration Statement
on Form&nbsp;S-1/ A filed by AirGate with the Commission on June&nbsp;15, 1999 (SEC File Nos.
333-79189-02 and 333-79189-01))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.21*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">First Amendment to Employment Agreement dated December&nbsp;20, 1999 between AirGate and
Thomas M. Dougherty (incorporated by reference to Exhibit&nbsp;10.16 to the quarterly
report on Form&nbsp;10-Q filed by AirGate with the Commission on May&nbsp;15, 2000 for the
quarter ended March31, 2000 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.22*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">AirGate PCS, Inc. 1999 Stock Option Plan (incorporated by reference to Exhibit&nbsp;99.1
to the Registration Statement on Form&nbsp;S-8 filed by AirGate with the Commission on
April&nbsp;10, 2000 (SEC File No.&nbsp;333-34416))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.23*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of AirGate PCS, Inc. Option Agreement for AirGate PCS, Inc. 1999 Stock Option
Plan (incorporated by reference to Exhibit&nbsp;10.25 to the annual report on Form&nbsp;10-K
filed by AirGate with the Commission on November&nbsp;30, 2001 for the year ended
September&nbsp;30, 2001 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.24*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">AirGate PCS, Inc. 2001 Non-Executive Stock Option Plan (incorporated by reference to
Exhibit&nbsp;10.11.2 to the quarterly report on Form&nbsp;10-Q filed by AirGate with the
Commission on February&nbsp;14, 2001 for the quarter ended December&nbsp;31, 2000 (SEC File
No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.25</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of AirGate PCS, Inc. Option Agreement for AirGate PCS, Inc. 2001 Non-Executive
Stock Option Plan (incorporated by reference to Exhibit&nbsp;10.25 to the annual report
on Form&nbsp;10-K filed by AirGate with the Commission on December&nbsp;14, 2005 (SEC File No.
000-27455)).</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.26*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">AirGate PCS, Inc. 2001 Employee Stock Purchase Plan (incorporated by reference to
Exhibit&nbsp;10.11.3 to the quarterly report on Form&nbsp;10-Q filed by AirGate with the
Commission on February&nbsp;14, 2001 for the quarter ended December&nbsp;31, 2000 (SEC File
No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.27*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2002 AirGate PCS, Inc. Long-Term Incentive Plan (incorporated by reference to
Exhibit&nbsp;99.1 to the Registration Statement on Form&nbsp;S-8 filed by AirGate with the
Commission on March&nbsp;29, 2002 (SEC File No.&nbsp;333-85250)</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.28</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form of Award Agreement for 2002 AirGate PCS, Inc. Long-Term Incentive Plan
(incorporated by reference to Exhibit&nbsp;10.28 to the annual report on Form&nbsp;10-K filed
by AirGate with the Commission on December&nbsp;14, 2005 (SEC File No.&nbsp;000-27455)).</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.29**</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">AirGate PCS, Inc. Amended and Restated Non-Employee Director Compensation Plan dated
January&nbsp;22, 2003</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.31</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Agreement and Plan of Merger, dated as of August&nbsp;28, 2001, by and between AirGate
and iPCS, Inc. (incorporated by reference to Exhibit&nbsp;10.1 to the current report on
Form&nbsp;8-K filed by AirGate with the Commission on August&nbsp;31, 2001 (SEC File No.
000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.32</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Services Agreement dated as of January&nbsp;1, 2002 by and among AirGate, AirGate Service
Company, Inc., iPCS, Inc. and iPCS Wireless, Inc. (incorporated by reference to
Exhibit&nbsp;10.34 to the quarterly report on Form&nbsp;10-Q filed by AirGate with the
Commission on May&nbsp;15, 2002 for the quarter ended March&nbsp;31, 2002 (SEC File No.
000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">First Amendment to Services Agreement dated February&nbsp;21, 2003 by and among AirGate
Service Company, Inc., AirGate, iPCS Wireless, Inc. and iPCS, Inc (incorporated by
reference to Exhibit&nbsp;10.1 to the quarterly report on Form&nbsp;10-Q filed by AirGate with
the Commission on May&nbsp;15, 2003 for the quarter ended March&nbsp;31, 2003 (SEC File No.
000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.34</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Technology License Agreement dated as of January&nbsp;1, 2002 by and among AirGate, AGW
Leasing Company, Inc., AirGate Service Company, Inc., AirGate Network Services,
Inc., iPCS, Inc., iPCS Wireless, Inc. and iPCS Equipment, Inc. (incorporated by
reference to Exhibit&nbsp;10.35 to the quarterly report on Form&nbsp;10-Q filed by AirGate
with the Commission on May&nbsp;15, 2002 for the quarter ended March&nbsp;31, 2002 (SEC File
No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.35*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Separation Agreement and General Release, dated March&nbsp;23, 2004, by and between
AirGate and William H. Seippel (incorporated by reference to Exhibit&nbsp;10.1 to the
quarterly report on Form&nbsp;10-Q filed by AirGate with the Commission on May&nbsp;17, 2004
for the quarter ended March&nbsp;31, 2004 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.36</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Settlement Agreement and Mutual Release, dated as of September&nbsp;10, 2004, by and
among Sprint Spectrum L.P., SprintCom, Inc., Sprint Communications Company L.P.,
and WirelessCo, L.P., AirGate , AGW Leasing Company, Inc., AirGate Network Services,
LLC, and AirGate Service Company, Inc. (incorporated by reference to Exhibit&nbsp;10.2
to the current report on Form&nbsp;8-K filed by AirGate with the Commission on September
14, 2004 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.37*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Employment Agreement made and entered into December&nbsp;7, 2004 by and among AirGate
PCS, Inc. and Thomas M. Dougherty (incorporated by reference to Exhibit&nbsp;10.1 to the
current report on Form&nbsp;8-K filed by AirGate with the Commission on December&nbsp;9, 2004
(SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.38*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Employment Agreement made and entered into December&nbsp;7, 2004 by and among AirGate
PCS, Inc. and William J. Loughman (incorporated by reference to Exhibit&nbsp;10.2 to the
current report on Form&nbsp;8-K filed by AirGate with the Commission on December&nbsp;9, 2004
(SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.39*</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Employment Agreement made and entered into December&nbsp;7, 2004 by and among AirGate
PCS, Inc. and Roy E. Hadley (incorporated by reference to Exhibit&nbsp;10.3 to the
current report on Form&nbsp;8-K filed by AirGate with the Commission on December&nbsp;9, 2004
(SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">21.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Subsidiaries of AirGate PCS, Inc (incorporated by reference to Exhibit&nbsp;21 to the
annual report on Form&nbsp;10-K/ A filed by AirGate with the Commission on January&nbsp;17,
2003 for the year ended September&nbsp;30, 2002 (SEC File No.&nbsp;000-27455))</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Powers of Attorney (incorporated by reference to Exhibit&nbsp;24.1 to the annual report
on Form&nbsp;10-K filed by AirGate with the Commission on December&nbsp;14, 2004 (SEC File No.
000-27455)).</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31.1**</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Rule&nbsp;13a-14(a) certification of Chief Executive Officer of AirGate filed in
accordance with Section&nbsp;302 of the Sarbanes-Oxley Act of 2002.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31.2**</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Rule&nbsp;13a-14(a) certification of Chief Financial Officer of AirGate filed in
accordance with Section&nbsp;302 of the Sarbanes-Oxley Act of 2002.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Section&nbsp;1350 certification of Chief Executive Officer of AirGate furnished in
accordance with Section&nbsp;906 of the Sarbanes-Oxley Act of 2002 (incorporated by
reference to Exhibit&nbsp;32.1 to the annual report on Form&nbsp;10-K filed by AirGate with
the Commission on December&nbsp;14, 2004 (SEC File No.&nbsp;000-27455)).</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Section&nbsp;1350 certification of Chief Financial Officer of AirGate furnished in
accordance with Section&nbsp;906 of the Sarbanes-Oxley Act of 2002 (incorporated by
reference to Exhibit&nbsp;32.2 to the annual report on Form&nbsp;10-K filed by AirGate with
the Commission on December&nbsp;14, 2004 (SEC File No.&nbsp;000-27455)).</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">*</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Denotes a management contract or compensatory plan or arrangement<BR></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">**</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Filed herewith</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="center" style="font-size: 10pt">SIGNATURES


<P align="left" style="font-size: 10pt"><B>Pursuant to the requirements of Section&nbsp;13 or 15(d) of
the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorized, on February&nbsp;15, 2005.</B>



<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">AIRGATE PCS, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left"><b>/s/
William J. Loughman</b>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><B>William J. Loughman</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><B><I>Chief Financial Officer
(Principal Financial and
Accounting Officer)</I></B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<P align="left" style="font-size: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by
the following persons in the capacities and on the dates indicated.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B>Thomas M. Dougherty</B>
<HR size="1" noshade color="#000000">
<B>Thomas M. Dougherty</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
President and Chief Executive
Officer and Director (Principal
Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February 15, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ <B>William J. Loughman</B>
<HR size="1" noshade color="#000000">
<B>William J. Loughman</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chief Financial Officer
(Principal Financial and
Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February 15, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">*
<HR size="1" noshade color="#000000">
<B>Robert A. Ferchat</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chairman of the Board of Directors
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February 15, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">*
<HR size="1" noshade color="#000000">
<B>Max D. Hopper</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Member, Board of Directors
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February 15, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">*
<HR size="1" noshade color="#000000">
<B>Timothy M. O&#146;Brien</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Member, Board of Directors
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February 15, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">*
<HR size="1" noshade color="#000000">
<B>John W. Risner</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Member, Board of Directors
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February 15, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">*
<HR size="1" noshade color="#000000">
<B>Stephen R. Stetz</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Member, Board of Directors
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February 15, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">*
<HR size="1" noshade color="#000000">
<B>Gail A. Schoettler</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Member, Board of Directors
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February 15, 2005</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">By: /s/ <B>William J. Loughman</B>
<HR size="1" noshade color="#000000">
<B>William J. Loughman<br>Attorney-in-fact</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chief Financial Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February 15, 2005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">*</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">William J. Loughman, by signing his name hereto, does sign this document
on behalf of the above noted individuals pursuant to powers of attorney
duly executed by such individuals, which have been filed as an exhibit
to this Report.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.29
<SEQUENCE>2
<FILENAME>g93277exv10w29.txt
<DESCRIPTION>EX-10.29 AMENDED AND RESTATED COMPENSATION PLAN
<TEXT>
<PAGE>

                                                                   EXHIBIT 10.29

                                AIRGATE PCS, INC.
                               AMENDED AND STATED
                     NON-EMPLOYEE DIRECTOR COMPENSATION PLAN


1.       Name of Plan. This plan shall be known as the "AirGate PCS, Inc.
Non-Employee Director Compensation Plan" and is referred to herein as the
"Plan."

2.       Purposes of Plan. The purposes of the Plan are (i) to enable AirGate
PCS, Inc. (the "Company") to retain qualified individuals to serve as Directors
by providing for their compensation and (ii) to further align the interests of
Directors with the interests of shareholders of the Company by providing them
with equity-based compensation.

3.       Effective Date and Term. The Plan as originally adopted was effective
as of May 1, 2001. The amendment and restatement of such plan is effective as of
January 22, 2003. The Plan shall remain in effect until terminated by action of
the Board.

4.       Definitions. The following terms shall the meanings set forth below:

         "Annual Meeting" means an annual meeting of the shareholders of the
         Company.

         "Annual Retainer" means for any Plan Year (A) $15,000 for Participants
         who chair one or more Board committees and (B) $10,000 for all other
         Participants, or such other amounts specified from time to time by the
         Board. The Annual Retainer for any partial Plan Year shall be pro
         rated.

         "Board" means the Board of Directors of the Company.

         "Committee" means the Compensation and Governance Committee.

         "Common Stock" means the common stock, $0.01 par value, of the Company.

         "Company" means AirGate PCS, Inc., a Delaware corporation, its
         successors and assigns.

         "Director" means a member of the Board.

         "Management Plan" means the AirGate PCS, Inc. 2002 Long-Term Incentive
         Plan, and any subsequent plan approved by the Board and designated as
         the Management Plan for purposes of this Plan.

         "Non-Employee Director" means a Director who is not an employee of the
         Company.

         "Options" means options to purchase shares of Common Stock.

<PAGE>

         "Participant" has the meaning set forth in Section 5.

         "Plan" means this AirGate PCS, Inc. Amended and Restated Non-Employee
         Director Compensation Plan.

         "Plan Year" means each period beginning on the date of an Annual
         Meeting and ending on the day before the next Annual Meeting.

         "Restricted Stock" means shares of Common Stock which are forfeitable
         and nontransferable until they vest in accordance with their terms.

         "Fair Market Value" of the Common Stock as of any day means the average
         of the highest and lowest sales price for one share of Common Stock
         sold during normal business hours on Nasdaq on the immediately
         preceding trading day, as reported in The Wall Street Journal.

5.       Eligible Participants. Any Non-Employee Director who is a Non-Employee
Director on the Effective Date or becomes a Non-Employee Director while this
Plan is in effect shall be a Participant, except that (i) Directors who are
former employees shall not be eligible to be a Participant for a period of one
year following the date of termination of employment and (ii) during any period
a Director is (A) nominated by a shareholder of the Company which owns more than
50,000 shares of Common Stock and (B) prohibited from participating in this Plan
by the shareholder or their employer or (C) otherwise waives participation, such
Director shall not be a Participant.

6.       Annual Retainer.

                  (a) Cash Payments. In consideration for his or her services as
         a Director, each Participant shall receive an amount equal to the
         Annual Retainer. To the extent not elected to be received in the form
         of Options or Restricted Stock, as provided herein, the Annual Retainer
         shall be paid in cash in equal monthly installments, provided that
         partial months shall be pro rated to reflect the actual days in such
         month served as a Director.

                  (b) Option Election. For each Plan Year beginning in 2002 and
         thereafter, Participants may elect to receive 50% or more of the Annual
         Retainer (the "Options Election Amount") in Options having a value
         (determined in accordance with the Black-Scholes option valuation
         method or such other valuation method approved by the Committee) on the
         grant date equal to the Options Election Amount. Subject to there being
         sufficient shares available under the Management Plan for such awards,
         as determined by the Committee, the Options shall be issued on the
         first day of the Plan Year to which such Annual Retainer relates and
         shall vest on the first day of the following Plan Year. If a
         Participant receiving such Options ceases to be a Director prior to
         vesting, a pro rata portion of such Options shall vest on the date of
         termination, based on the number of full months during the Plan Year in
         which the Participant served as a Director.


                                       2
<PAGE>

                  (c) Stock Election. In the event that Restricted Stock is
         authorized for issuance under the Management Plan, for each Plan Year
         beginning in 2002 and thereafter, Participants may elect to receive 50%
         or more of the Annual Retainer (the "Stock Election Amount") in
         Restricted Stock having a Fair Market Value on the date of grant equal
         to the Stock Election Amount. The Restricted Stock shall be issued on
         the first day of the Plan Year to which such Annual Retainer relates
         and shall vest on the first day of the following Plan Year. If a
         Participant receiving such Restricted Stock ceases to be a Director
         prior to vesting, a pro rata portion of such Restricted Stock shall
         vest on the date of termination, based on the number of full months
         during the Plan Year in which the Participant served as a Director.

                  (d) Timing and Form of Elections. Elections to receive Options
         or Restricted Stock in lieu of cash, must be submitted on the dates, in
         the forms and under such terms as the Secretary of the Company shall
         determine. To the extent that the total elections to receive Options or
         Restricted Stock under the Plan for a given Plan Year exceed the shares
         then available under the Management Plan, such Options and Restricted
         Stock shall be granted pro rata among the Participants so electing such
         equity awards, and any excess Election Amounts shall be paid to the
         Participants in cash on the first day of the Plan Year.

7.       Meeting Fees.

                  (a) Each Participant shall receive a meeting fee for Board and
         committee meetings he or she attends according to the following
         schedule:

                  i. Meeting of more than 4 hours--$3,000

                  ii. Meeting of less than 4 hours--$1,500

                  iii. Telephone conference of more than 4 hours--$1,500

                  iv. Telephone conference of less than 4 hours--$750

                  (b) Participants will not receive separate meeting fees for
         meetings held on the same day, but all meetings held on the same day
         shall be aggregated for determining the number of hours of meetings
         attended. If a Participant participates in a meeting by phone, such
         Participant shall be paid as if the meeting were by teleconference.

8.       Stock Options.

                  (a) Initial Grant. For each Participant joining the Board on
         and after January 1, 2003, such Participant shall receive an initial
         grant of Options to acquire 10,000 shares of Common Stock. The Options
         shall vest in three equal installments on the first day of each Plan
         Year after the date of grant and shall have an exercise price equal to
         the Fair Market Value of the Common Stock on the date of grant.


                                       3
<PAGE>

                  (b) Annual Grant. Effective as of January 1, 2003, each
         Participant shall also receive a grant of Options to acquire 7,500
         shares of Common Stock on the first day of each Plan Year. The Options
         shall vest on the first day of the next Plan Year and shall have an
         exercise price equal to the Fair Market Value of the Common Stock on
         the date of grant.

                  (c) Single Upfront Grant In Lieu of Annual Grant. In lieu of
         the annual grant provided in Section 8(b), Participants may elect to
         receive three years of Options in a single upfront grant of Options to
         acquire 22,500 shares of Common Stock. If the Participant makes such an
         election, the Options shall vest in three equal installments on the
         first day of each Plan Year after the date of grant and shall have an
         exercise price equal to the Fair Market Value of the Common Stock on
         the date of grant.

                  (d) Transition. Robert A. Ferchat and Barry J. Schiffman shall
         not be eligible to receive the initial grant described in Section 8(a)
         above, and Robert A. Ferchat has received 15,000 Options pursuant to
         Section 8(c), which shall be credited against the 22,500 Options and
         the remainder shall be issued on March 4, 2003.

                  (e) Form of Options. The Options shall be in the form and have
         the terms set forth in the form of Option attached as Exhibit A, with
         such changes as shall be deemed necessary or desirable by the Chief
         Executive Officer and the Secretary. Each Option may contain such other
         terms and conditions as the Committee may determine; provided that such
         other terms and conditions are not inconsistent with the provisions of
         this Plan.

9.       Travel Expense Reimbursement. All Participants shall be reimbursed for
reasonable travel expenses (including spouse's expenses to attend events to
which spouses are invited) in connection with attendance at meetings of the
Board and its Directors, or other Company functions at which the Chief Executive
Officer requests the Participant to participate. If the travel expense is
related to the reimbursement of commercial airfare, such reimbursement will not
exceed first class fare. If the travel expense is related to reimbursement of
non-commercial air travel, such reimbursement shall not exceed the rate for
comparable travel by means of commercial airlines.

10.      Insurance. The Company shall maintain director's and officer's
insurance with reputable carriers of at least $15 million.

11.      Adjustments. In the event a stock dividend is declared upon the Common
Stock, the number of Options to be granted to Participants in accordance with
Section 8 hereof shall be increased proportionally, and the shares of Common
Stock then subject to each Option shall be increased proportionately without any
change in the aggregate exercise


                                       4
<PAGE>

price therefor. In the event the Common Stock shall be changed into or exchanged
for a different number or class of shares of stock or securities of the Company
or of another corporation, whether through reorganization, recapitalization,
reclassification, share exchange, stock split-up, combination of shares, merger
or consolidation, or otherwise, the number of Options to be granted to
Participants in accordance with Section 8 hereof shall be adjusted
proportionately, and the Options and awards of Restricted Stock granted pursuant
to the Plan shall be adjusted as provided in the Management Plan.

12.      Amendment, Modification and Termination of Plan. The Board may, at any
time and from time to time, amend, modify or terminate the Plan without
stockholder or Participant approval; provided, however, that the Board may
condition any amendment or modification on the approval of stockholders of the
Company if such approval is necessary or deemed advisable with respect to tax,
securities or other applicable laws, policies or regulations. No amendment,
modification or termination of the Plan shall adversely affect any outstanding
Option or Restricted Stock award, without the written consent of the
Participant.

13.      Amendment, Modification or Termination of Outstanding Options. At any
time and from time to time, the Board may amend, modify or terminate any
outstanding Option without approval of the Participant; provided, however, that,
subject to the terms of the applicable Option Agreement, such amendment,
modification or termination shall not, without the Participant's consent, reduce
or diminish the value of such Option determined as if the Option had been
exercised, vested, cashed in or otherwise settled on the date of such amendment
or termination.

14.      No Stockholder's Rights. No Option gives the Participant any of the
rights of a stockholder of the Company unless and until shares of Common Stock
are in fact issued to such person in connection with such Option.

15.      No Right to Continued Board Membership. Nothing in the Plan shall limit
in any way the right of the Board to nominate any Director for reelection by the
Company's shareholders or limit the rights of the Board or the shareholders to
remove any Directors.

16.      Unfunded Status of Plan. The Plan is intended to be an "unfunded" plan
for incentive and deferred compensation of Non-Employee Directors. With respect
to any payments not yet made to a Participant, nothing contained in the Plan
shall give the Participant any rights that are greater than those of a general
creditor of the Company. The Committee may authorize the creation of trusts or
other arrangements to meet the obligations created under the Plan to deliver
Common Stock or make payments, so long as the existence of such trusts or other
arrangements is consistent with the unfunded nature of the Plan.

17.      Administration. The Plan shall be administered by the Committee, which
shall have full authority to construe and interpret the Plan, to establish,
amend and rescind rules and regulations relating to the Plan, and to take all
such actions and make such determinations in connection with the Plan as it may
deem necessary or desirable.


                                       5
<PAGE>

18.      Fractional Shares. No fractional shares of Stock shall be issued and
the Committee shall determine, in its discretion, whether such fractional shares
shall be disregarded or eliminated by rounding up.

19.      Government Regulations. The obligation of the Company issue Common
Stock pursuant to the Plan or upon the exercise of Options or otherwise shall be
subject to all applicable laws, rules, and regulations, and to such approvals by
government agencies as may be required. The Company shall be under no obligation
to register under the 1933 Act, or any state securities act, any of the shares
of Common Stock issued in connection with the Plan. The transfer of shares
issued in connection with the Plan may in certain circumstances be exempt from
registration under the 1933 Act, and the Company may restrict the transfer of
such shares in such manner as it deems advisable to ensure the availability of
any such exemption.

20.      Governing Law. To the extent not governed by federal law, the Plan and
all Options and Restricted Stock shall be construed in accordance with and
governed by the laws of the State of Delaware.

21.      Number and Source of Shares Available. All Options and Restricted Stock
issued under the Plan shall automatically be granted under the Management Plan
and shall reduce the number of shares available under the Management Plan. The
terms contained in the Management Plan are incorporated into and made a part of
this Plan with respect to Options and Restricted Stock granted pursuant hereto
and any such awards shall be governed by and construed in accordance with the
Management Plan. In the event of any actual or alleged conflict between the
provisions of the Management Plan and the provisions of this Plan, the
provisions of the Management Plan shall be controlling and determinative.

22.      Miscellaneous.

                  (a) The expenses of administering the Plan shall be borne by
         the Company.

                  (b) The titles and headings of the Sections in the Plan are
         for convenience of reference only, and in the event of any conflict,
         the text of the Plan, rather than such titles or headings, shall
         control.

                  (c) Except where otherwise indicated by the context, any
         masculine term used herein also shall include the feminine; the plural
         shall include the singular and the singular shall include the plural.


                                       6
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>3
<FILENAME>g93277exv31w1.htm
<DESCRIPTION>EX-31.1 SECTION 302 CERTIFICATION OF THE CEO
<TEXT>
<HTML>
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<TITLE>EX-31.1 SECTION 302 CERTIFICATION OF THE CEO</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">






<P align="left" style="font-size: 10pt">Exhibit&nbsp;31.1



<P align="center" style="font-size: 10pt"><U>CERTIFICATION</U>


<P align="left" style="font-size: 10pt">I, Thomas M. Dougherty, certify that:


<P align="left" style="font-size: 10pt">1. I have reviewed this Amendment No.&nbsp;1 to the Annual Report on Form 10-K of AirGate PCS, Inc.;


<P align="left" style="font-size: 10pt">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to the period covered by this
report;


<P align="left" style="font-size: 10pt">3. Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of operations
and cash flows of the registrant as of, and for, the periods presented in this report;


<P align="left" style="font-size: 10pt">4. The registrant&#146;s other certifying officer and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e) and 15d-15(e)) for
the registrant and we have:



<P align="left" style="margin-left: 9%; text-indent: 0%; margin-right: 9%; font-size: 10pt">a) designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material information relating to
the registrant, including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being prepared;


<P align="left" style="margin-left: 9%; text-indent: 0%; margin-right: 9%; font-size: 10pt">b) evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and


<P align="left" style="margin-left: 9%; text-indent: 0%; margin-right: 9%; font-size: 10pt">c) disclosed in this report any change in the registrant&#146;s internal control over financial
reporting that occurred during the registrant&#146;s most recent fiscal quarter (the registrant&#146;s
fourth fiscal quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the registrant&#146;s internal control over financial
reporting; and

<P align="left" style="font-size: 10pt">5. The registrant&#146;s other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the audit
committee of registrant&#146;s board of directors (or persons performing the equivalent function):



<P align="left" style="margin-left: 9%; text-indent: 0%; margin-right: 9%; font-size: 10pt">a) all significant deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect the
registrant&#146;s ability to record, process, summarize and report financial information; and


<P align="left" style="margin-left: 9%; text-indent: 0%; margin-right: 9%; font-size: 10pt">b) any fraud, whether or not material, that involves management or other employees who have a
significant role in the registrant&#146;s internal control over financial reporting.


<P align="left" style="font-size: 10pt">Date: February&nbsp;15, 2005



<P align="left" style="font-size: 10pt">/s/ Thomas M. Dougherty<BR>
<BR>
Thomas M. Dougherty<BR>
Chief Executive Officer


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>4
<FILENAME>g93277exv31w2.htm
<DESCRIPTION>EX-31.2 SECTION 302 CERTIFICATION OF THE CFO
<TEXT>
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<TITLE>EX-31.2 SECTION 302 CERTIFICATION OF THE CFO</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">Exhibit&nbsp;31.2



<P align="center" style="font-size: 10pt">CERTIFICATION


<P align="left" style="font-size: 10pt">I, William J. Loughman, certify that:


<P align="left" style="font-size: 10pt">1. I have reviewed this Amendment No.&nbsp;1 to the Annual Report on Form 10-K of AirGate PCS, Inc.;


<P align="left" style="font-size: 10pt">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to the period covered by this
report;


<P align="left" style="font-size: 10pt">3. Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of operations
and cash flows of the registrant as of, and for, the periods presented in this report;


<P align="left" style="font-size: 10pt">4. The registrant&#146;s other certifying officer and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e) and 15d-15(e)) for
the registrant and we have:



<P align="left" style="margin-left: 9%; text-indent: 0%; margin-right: 9%; font-size: 10pt">a) designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material information relating to
the registrant, including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being prepared;


<P align="left" style="margin-left: 9%; text-indent: 0%; margin-right: 9%; font-size: 10pt">b) evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and


<P align="left" style="margin-left: 9%; text-indent: 0%; margin-right: 9%; font-size: 10pt">c) disclosed in this report any change in the registrant&#146;s internal control over financial
reporting that occurred during the registrant&#146;s most recent fiscal quarter (the registrant&#146;s
fourth fiscal quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the registrant&#146;s internal control over financial
reporting; and;

<P align="left" style="font-size: 10pt">5. The registrant&#146;s other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the audit
committee of registrant&#146;s board of directors (or persons performing the equivalent function):



<P align="left" style="margin-left: 9%; text-indent: 0%; margin-right: 9%; font-size: 10pt">a) all significant deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect the
registrant&#146;s ability to record, process, summarize and report financial information; and


<P align="left" style="margin-left: 9%; text-indent: 0%; margin-right: 9%; font-size: 10pt">b) any fraud, whether or not material, that involves management or other employees who have a
significant role in the registrant&#146;s internal control over financial reporting.


<P align="left" style="font-size: 10pt">Date: February&nbsp;15, 2005



<P align="left" style="font-size: 10pt">/s/ William J. Loughman


<P align="left" style="font-size: 10pt">William J. Loughman<br>Chief Financial Officer<BR>
(Principal Financial and Accounting Officer)



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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