-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WSfTWJEABEI4IWXZgJ2Dd0JZ0KEZRhQ4CP20blAYCdqrhqMmB8nXFoFmFHYz7QxD NuzAqukNA/Yd0UM+fNTyGw== 0001137520-01-500004.txt : 20010507 0001137520-01-500004.hdr.sgml : 20010507 ACCESSION NUMBER: 0001137520-01-500004 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010504 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RCN CORP /DE/ CENTRAL INDEX KEY: 0001041858 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 223498533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-51715 FILM NUMBER: 1622412 BUSINESS ADDRESS: STREET 1: 105 CARNEGIE CENTER CITY: PRINCETON STATE: NJ ZIP: 08540 BUSINESS PHONE: 6097343700 MAIL ADDRESS: STREET 1: 105 CARNEGIE CENTER STREET 2: C/O RCN CORP CITY: PRINCETON STATE: NJ ZIP: 08540 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEVEL 3 DELAWARE HOLDINGS INC CENTRAL INDEX KEY: 0001137520 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 841572756 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1025 ELDORADO BLVD CITY: BROOMFIELD STATE: CO ZIP: 80021 BUSINESS PHONE: 7208882514 MAIL ADDRESS: STREET 1: 1025 ELDORADO BLVD CITY: BROOMFIELD STATE: CO ZIP: 80021 SC 13D/A 1 f13dar_050401.txt SCHEDULE 13D AMENDMENT NO. 1 ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 - -------------------------------------------------------------------------------- SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1) RCN Corporation (Name of Company) Common Stock $1.00 Par Value (Title of Classes of Securities) - -------------------------------------------------------------------------------- 74936101 (Cusip Numbers) Level 3 Delaware Holdings, Inc. (Name of Persons Filing Statement) Thomas C. Stortz, Esq. c/o Level 3 Communications, Inc. 1025 Eldorado Blvd. Broomfield, CO 80021 (720) 888-1000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 3, 2001 (Date of Event which Requires Filing of this Statement) - -------------------------------------------------------------------------------- If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this statement because of Rule 13d-1(b)(3) or (4), check the following: [ ] ================================================================================ SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 74936101 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Level 3 Delaware Holdings, Inc. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 47-0761 - ---------- --------------------------------------------------------------------- - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) |X| - ---------- --------------------------------------------------------------------- - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ---------- --------------------------------------------------------------------- - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] N/A - ---------- --------------------------------------------------------------------- - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------- --------------------------------------------------------------------- - --------------------------------------------- -------- ------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH 7 SOLE VOTING POWER (See Item 5) REPORTING PERSON WITH 26,640,970 Common Stock - --------------------------------------------- -------- ------------------------- - --------------------------------------------- -------- ------------------------- 8 SHARED VOTING POWER (See Item 5) 0 - --------------------------------------------- -------- ------------------------- - --------------------------------------------- -------- ------------------------- 9 SOLE DISPOSITIVE POWER (See Item 5) 26,640,970 Common Stock - --------------------------------------------- -------- ------------------------- - --------------------------------------------- -------- ------------------------- 10 SHARED DISPOSITIVE POWER (See Item 5) 0 - --------------------------------------------- -------- ------------------------- - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 26,640,970 Common Stock - ---------- --------------------------------------------------------------------- - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------- --------------------------------------------------------------------- - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 30.43% of Common Stock - ---------- --------------------------------------------------------------------- - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ---------- --------------------------------------------------------------------- The following information amends the Schedule 13D dated April 19, 2001 (the "Schedule 13D"). Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Schedule 13D. Item 5. Interest in Securities of the Company. The response set forth in Item 5 of the Schedule 13D is hereby amended and restated as follows to correct an inadvertent omission: (a) and (b) LTDH owns 26,640,970 shares of Common Stock, representing approximately 30.43% of the outstanding Common Stock. LTDH owns, and has the sole power to vote or to direct the vote, and to dispose or direct the disposition of, the Company Shares. Through their indirect ownership of LTDH, Level 3 Communications, Inc. and David C. McCourt may, for purposes of Rule 13d-3 under the Exchange Act, be deemed to beneficially own the Company Shares. David C. McCourt is the beneficial owner of 2,767,181 shares of Common Stock representing approximately 3.1% of the shares of the outstanding Common Stock.[1,2] Mr. McCourt has the sole power to vote or direct the vote and to dispose of or direct the disposition of such shares. James Q. Crowe is the beneficial owner of 16,762 shares of Common Stock representing less than .1% of the outstanding Common Stock.[3] Mr. Crowe has the sole power to vote or direct the vote and to dispose of or direct the disposition of such shares. William L Grewcock is the beneficial owner of 300,000 shares of Common Stock representing approximately .34% of the outstanding Common Stock. Mr. Grewcock has the sole power to vote or direct the vote and to dispose of or direct the disposition of such shares. Richard R. Jaros is the beneficial owner of 130,692 shares of Common Stock representing approximately .15% of the outstanding Common Stock.[3] Mr. Jaros has the sole power to vote or direct the vote and to dispose of or direct the disposition of such shares. Walter Scott, Jr. is the beneficial owner of 1,016,762 shares of Common Stock representing approximately 1.16% of the outstanding Common Stock.[3] Mr. Scott has the sole power to vote or direct the vote and to dispose of or direct the disposition of such shares. Michael B. Yanney is the beneficial owner of 25,218 shares of Common Stock representing less than .1% of the outstanding Common Stock.[3] Mr. Yanney has the sole power to vote or direct the vote and to dispose of or direct the disposition of such shares. All information in this item 5(a) and (b) as to the number of shares outstanding, the number of votes that outstanding shares are entitled to cast or the percentage of shares held or votes entitled to be cast are based on the number of shares outstanding on March 23, 2001. - -------- (1) Includes 149,571 shares which are Share Units under the Company's Executive Stock Purchase Plan ("ESPP"). The Company has established a grantor trust to hold Common Stock corresponding to the number of Share Units credited to participants' accounts in the ESPP. Participants do not have the right to vote Share Units, provided that the Company may, but is not required to, make arrangements for participants to direct the trustee of the grantor trust as to how to vote a number of shares held by the grantor trust corresponding to the number of Share Units credited to the participants' matching account. (2) Includes options to purchase 1,737,500 shares of Common Stock exercisable within 60 days after of this March 23, 2001. Does not include 400,000 outperform stock options exercisable within 60 days after March 23, 2001, as no shares of Common Stock would be issuable as of March 23, 2001 in respect of such outperform stock options. None of these options has been exercised. (3) Includes options to purchase 12,000 shares of Common Stock exercisable within 60 days after March 23, 2001. None of these options has been exercised. Except as set forth in this Item 5(a) and (b), none of the Level 3 Companies, nor, to the best knowledge of the Level 3 Companies, any persons named in Schedule A or B hereto, owns beneficially any shares of Common Stock. (c) On April 9, 2001 in Ridgefield Park, New Jersey, LTTH had recorded on the transfer agent's books and records the transfer from LTTH to LTDH of all the shares of Common Stock LTTH owned (26,640,970 shares) plus all the shares of capital stock of Commonwealth Telephone Enterprises, Inc. LTTH owned (9,639,326 shares of common stock and 1,017,061 shares of Class B common stock) as full payment for the issuance to LTTH of all the common stock (1,000 shares of common stock, par value, $.01 per share) of LDTH. On February 21, 2001, Mr. McCourt was issued 238,806 shares of restricted stock by the Company in lieu of a cash bonus. The restricted stock will vest in increments of one-third over the next three years. On March 22, 2001, Mr. Grewcock purchased 70,000 shares of Common Stock in an open market transaction. Except as described above, no transactions in the Common Stock have been effected during the past 60 days by the Level 3 Companies or, to the best knowledge of the Level 3 Companies, by any of the persons named in Schedule A or B hereto. (d) Inapplicable. (e) Inapplicable. Item 7. Material to be Filed as Exhibits. None. SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: May 4, 2001 LEVEL 3 DELAWARE HOLDINGS, INC. By: /s/ Neil Eckstein -------------------------------------------- Name: Neil Eckstein Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----