SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* KLUGE JOHN W (Last) (First) (Middle) C/O METROMEDIA COMPANY, 21 MAIN STREET SUITE 202 (Street) HACKENSACK NJ 07601 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol ABOVENET INC [ ABVT.PK ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 04/04/2008
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/04/2008		J(1)		1,171,978	D	$0(1)	1,171,978	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Five Year Warrants	$20	04/04/2008		J(1)			22,204	09/08/2003	09/08/2008	Common Stock	22,204	$0(1)	22,204	I	See Footnote(2)
Seven Year Warrants	$24	04/04/2008		J(1)			26,122	09/08/2003	09/08/2011	Common Stock	26,122	$0(1)	26,122	I	See Footnote(2)

1. Name and Address of Reporting Person* KLUGE JOHN W (Last) (First) (Middle) C/O METROMEDIA COMPANY, 21 MAIN STREET SUITE 202 (Street) HACKENSACK NJ 07601 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* KLUGE JOHN W NEW YORK TRUST (Last) (First) (Middle) C/O METROMEDIA COMPANY, 21 MAIN STREET SUITE 202 (Street) HACKENSACK NJ 07601 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. On April 4, 2008 the following transactions occurred: The JWK New York Trust distributed all of the securities of the Issuer held by the trust to John W. Kluge; John W. Kluge contributed those securities to a different trust affiliated with Mr. Kluge and that trust contributed those securities to JWK Enterprises LLC, a limited liability company of which Mr. Kluge is the sole member and manager.

2. John W. Kluge has an indirect beneficial ownership interest in the Issuer's securities as the sole member and manager of JWK Enterprises LLC.

	/s/ John W. Kluge, John W. Kluge	08/21/2008
	/s/ John W. Kluge, Grantor, JWK NY Trust	08/21/2008
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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