-----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, PRb1UjCUjDdsRM5qB/YiGyeQ+/WIBGoJDqUzbix398NIcA3Bt6YSX1mATx3sRwV8 tK5W3WEbLiRCcbGP89zNWA== 0000950172-98-000448.txt : 19980508 0000950172-98-000448.hdr.sgml : 19980508 ACCESSION NUMBER: 0000950172-98-000448 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980427 FILED AS OF DATE: 19980507 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ABLE TELCOM HOLDING CORP CENTRAL INDEX KEY: 0000826411 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL WORK [1731] IRS NUMBER: 650013218 STATE OF INCORPORATION: FL FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 3 SEC ACT: SEC FILE NUMBER: 000-21986 FILM NUMBER: 98612509 BUSINESS ADDRESS: STREET 1: 1601 FORUM PL STREET 2: STE 1110 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 5616880400 MAIL ADDRESS: STREET 1: 1601 FORUM PLACE STREET 2: STE 305 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 FORMER COMPANY: FORMER CONFORMED NAME: DELTA VENTURE FUND INC DATE OF NAME CHANGE: 19890312 COMPANY DATA: COMPANY CONFORMED NAME: WORLDCOM INC /GA/ CENTRAL INDEX KEY: 0000723527 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] OWNER IRS NUMBER: 581521612 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: 515 EAST AMITE ST CITY: JACKSON STATE: MS ZIP: 39201-2702 BUSINESS PHONE: 6013608600 FORMER COMPANY: FORMER CONFORMED NAME: LDDS COMMUNICATIONS INC /GA/ DATE OF NAME CHANGE: 19930916 FORMER COMPANY: FORMER CONFORMED NAME: RESURGENS COMMUNICATIONS GROUP INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CENTRAL CORP /GA/ DATE OF NAME CHANGE: 19890523 3 1 FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION _____________________ WASHINGTON, D.C. 20549 | OMB APPROVAL | INITIAL STATEMENT OF |_____________________| BENEFICIAL OWNERSHIP OF SECURITIES |OMB NUMBER: 3235-0104| |EXPIRES: | | SEPTEMBER 30, 1998 | Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE | Securities Exchange Act of 1934, |BURDEN HOURS | Section 17(a) of the Public Utility |PER RESPONSE 0.5 | Holding Company Act of 1935 |_____________________| or Section 30(f) of the Investment Company Act of 1940 __________________________________________________________________________ 1. Name and Address of Reporting Person WorldCom, Inc. __________________________________________________________________________ (Last) (First) (Middle) 515 East Amite Street __________________________________________________________________________ (Street) Jackson, Mississippi 39201-2702 __________________________________________________________________________ (City) (State) (Zip) __________________________________________________________________________ 2. Date of Event Requiring Statement (Month/Day/Year) 04/27/98 __________________________________________________________________________ 3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY) __________________________________________________________________________ 4. Issuer Name and Ticker or Trading Symbol Able Telcom Holding Corp. (ABTE) __________________________________________________________________________ 5. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER (CHECK ALL APPLICABLE) ( ) DIRECTOR ( X) 10% OWNER ( ) OFFICER (GIVE TITLE BELOW) ( ) OTHER (SPECIFY TITLE BELOW) _____________________________________ __________________________________________________________________________ 6. IF AMENDMENT, DATE OF ORIGINAL (MONTH/DAY/YEAR) __________________________________________________________________________ 7. INDIVIDUAL OR JOINT/GROUP FILING (CHECK APPLICABLE LINE) ___FORM FILED BY ONE REPORTING PERSON _X__FORM FILED BY MORE THAN ONE REPORTING PERSON ========================================================================== TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED __________________________________________________________________________ |1. TITLE OF |2. AMOUNT OF |3. OWNERSHIP |4. NATURE OF INDIRECT | | SECURITY | SECURITIES | FORM DIRECT | BENEFICIAL OWNERSHIP| | (INSTR. 4) | BENEFICIALLY| DIRECT (D) | (INSTR. 5) | | | OWNED | OR INDIRECT | | | | (INSTR. 4) | (I) (INSTR. | | | | | 5) | | |_________________|_______________|_______________|_______________________| [TYPE ENTRIES HERE] =========================================================================== TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ___________________________________________________________________________ 1. Title of Derivative Security (Instr. 4) Option to Purchase Common Stock ___________________________________________________________________________ 2. Date Exercisable and Expiration Date (Month/Day/Year) (1) (1) (2) ________________________ _________________________ Date Exercisable Expiration Date ___________________________________________________________________________ 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) Common Stock, par value $.0001 per share 2,000,000 (3) ________________________________ _______________________________ Title Amount of Number of Shares ___________________________________________________________________________ 4. Conversion or Exercise Price of Derivative Security $ 7 per share ___________________________________________________________________________ 5. Ownership Form of Derivative Security: Direct(D) or Indirect(I) (Instr. 5) (I) ___________________________________________________________________________ 6. Nature of Indirect Beneficial Ownership (Instr. 5) (1) =========================================================================== EXPLANATION OF RESPONSES: see attached footnotes (1), (2) and (3). WORLDCOM, INC. May 7, 1998 _____________________________________ ________________ ** SIGNATURE OF REPORTING PERSON DATE By: /s/ Charles T. Cannada ---------------------- Name: Charles T. Cannada Title: Senior Vice President ** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A). NOTE: FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY SIGNED. IF SPACE PROVIDED IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOR REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB NUMBER. ========================================================================== 1. Name and Address of Reporting Person: WorldCom, Inc. 515 East Amite Street Jackson, Mississippi 39201-2701 2. Date of Event Requiring Statement: 04/27/98 4. Issuer Name and Ticker or Trading Symbol: Able Telcom Holding Corp. (ABTE) (1) Pursuant to the Agreement and Plan of Merger, dated as of April 26, 1998 (the "Merger Agreement"), by and among MFS Acquisition Corporation ("Buyer"), Able Telcom Holding Corp. ("Issuer"), MFS Network Technologies, Inc. ("MFS Network") and MFS Communications Company, Inc. ("MFS"), as more fully described in a Schedule 13D filed by WorldCom, Inc. ("WorldCom") and MFS with the Securities and Exchange Commission dated May 7, 1998, MFS was granted an option to purchase shares of common stock of the Issuer ("Issuer Common Stock") at $7.00 per share (the "Option"). MFS is a wholly owned subsidiary of WorldCom. The Option may be exercised by MFS in whole or in part during the six moth period commencing with the earlier to occur (i) the merger of MFS Network with and into the Buyer or (ii) termination of the Merger Agreement. (2) Pursuant to the Merger Agreement the Option will terminate at 5:00 PM, Eastern time, on the date six months following the first day of the commencement of the exercise period. (3) In accordance with the Merger Agreement, MFS may exercise some or all of the Option on a "cashless" basis, pursuant to which MFS receives shares of Issuer Common Stock with a "market value" equal to the aggregate "spread" for the shares as to which the Option is being exercised. MFS will exercise the Option on a "cashless" basis rather than for cash to the extent necessary to ensure that the actual number of shares of Issuer Common Stock issued to MFS does not exceed 1,817,941, which is the maximum number of shares of Issuer Common Stock that may be issued by Issuer to MFS. For such purposes, the "market value" per share will equal the average of the closing "bid" and "asked" prices for Issuer Common Stock as reported by NASDAQ over the ten trading day period preceding the day of exercise and the "spread" per share will equal the excess, if any, of the "market value" over $7.00 JOINT FILER INFORMATION Name: MFS Communications Company, Inc. Address of Joint Filer: 11808 Miracle Hills Drive Omaha, Nebraska 68154 Designated Filer: WorldCom, Inc. Date of Event Requiring Statement: 04/27/98 Issuer Name and Ticker or Trading Symbol: Able Telcom Holding Corp. ("ABTE") Signature: /s/ Charles T. Cannada ------------------------- Name: Charles T. Cannada Title: Director -----END PRIVACY-ENHANCED MESSAGE-----