SEC Info - Forstmann Thodore - ‘4’ for 11/14/02 re: McLeodUSA LLC

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Forstmann Thodore – ‘4’ for 11/14/02 re: McLeodUSA LLC

On: Friday, 11/15/02, at 10:08am ET · For: 11/14/02 · Accession #: 895345-2-581 · File #: 0-20763

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/15/02  Forstmann Thodore                 4          Director    1:12K  McLeodusa Inc.                    Fried Fr… Jacobson/NY/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Form 4 (#12)                                           4±    18K 

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION    
WASHINGTON, D.C. 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, 
Section 17(a) of the Public Utility Holding Company Act of 1935 or
 Section 30(h) of the Investment Company Act of 1940

[  ] Check this box if no longer subject to Section 16. Form 4 or Form 5        
obligations may continue. See Instruction 1(b).                       

(Print or Type Responses)                                                       
================================================================================
1. Name and Address of Reporting Person*                                        

Forstmann            Theodore                 J.                          
--------------------------------------------------------------------------------
(Last)               (First)                 (Middle)                     

c/o Forstmann Little & Co.                                                
767 Fifth Avenue, 44th Floor                                              
--------------------------------------------------------------------------------
(Street)

New York             New York                10153                        
--------------------------------------------------------------------------------
(City)               (State)                 (Zip)                        

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2. Issuer Name AND Ticker or Trading Symbol                                     

McLeodUSA Incorporated; Nasdaq/NMS: MCLD                                  
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3. IRS or Social Security Number of Reporting Person (voluntary)                

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4. Statement for Month/Day/Year                                                 

November 14, 2002                                                         
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5. If Amendment, Date of Original (Month/Day/Year)                              

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6. Relationship of Reporting Person(s) to Issuer                                
(Check all applicable)                                                    

[ X ]   Director                             [ X ]   10% Owner            
[   ]   Officer (give title below)           [   ]   Other (specify below)

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================================================================================
7. Individual or Joint/Group Filing                                             
(Check Applicable Line)                                                   

[ X ]   Form filed by One Reporting Person                                
[   ]   Form filed by More than One Reporting Person                      

================================================================================
 TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED 
================================================================================

                                                        [Enlarge/Download Table]

                                                                                                 5.                                 
                                                                                                 Amount of      6.                  
                                                                 4.                              Securities     Owner-              
                                                                 Securities Acquired (A) or      Beneficially   ship                
                                         2A.        3.           Disposed of (D)                 Owned Follow-  Form:     7.        
                                         Deemed     Transaction  (Instr. 3, 4 and 5)             ing Reported   Direct    Nature of 
                              2.         Execution  Code         ------------------------------- Transac-       (D) or    Indirect  
1.                            Transac-   Date, if   (Instr. 8)                   (A)             tions(s)       Indirect  Beneficial
Title of Security             tion Date  any        ------------     Amount      or     Price    (Instr. 3      (I)       Ownership 
(Instr. 3)                    (mm/dd/yy) (mm/dd/yy)  Code     V                  (D)             and 4)         (Instr.4) (Instr. 4)
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Class A Common Stock          11/14/02               P               50,000       A      $0.71    1,290,000     D                   
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                                                                                                 46,267,352     I         (1)       
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                                                                                                 27,760,412     I         (1)       
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                                                        [Enlarge/Download Table]
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                      
         (e.g., puts, calls, warrants, options, convertible securities)                                                             

================================================================================                                                    

                                                                                                          9.                        
                                                                                                          Number                    
                                                                                                          of        10.             
                                                                                                          Deriva-   Owner-          
                                                                                                          tive      ship            
             2.                                                                                           Securi-   Form of         
             Conver-                           5.                              7.                         ties      Deriv-   11.    
             sion                              Number of                       Title and Amount           Bene-     ative    Nature 
             or               3A.              Derivative    6.                of Underlying     8.       ficially  Secur-   of     
             Exer-            Deemed  4.       Securities    Date              Securities        Price    Owned     ity:     In-    
             cise     3.      Execu-  Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       Follow-   Direct   direct 
             Price    Trans-  tion    action   or Disposed   Expiration Date   ----------------  Deriv-   ing Re-   (D) or   Bene-  
1.           of       action  Date,   Code     of(D)         (Month/Day/Year)            Amount  ative    ported    In-      ficial 
Title of     Deriv-   Date    if any  (Instr.  (Instr. 3,    ----------------            or      Secur-   Transac-  direct   Owner- 
Derivative   ative    (Month/ (Month/ 8)       4 and 5)      Date     Expira-            Number  ity      tion(s)   (I)      ship   
Security     Secur-   Day/    Day/    ------   ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)   ity      Year)   Year)   Code V    (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)     
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Explanation of Responses:                                                       

See Exhibit A attached hereto.                                                  

/s/ Theodore J. Forstmann                                   11/15/02        
---------------------------------------------            -----------------------
**Signature of Reporting Person                           Date      

Reminder:  Report on a separate line for each class of securities beneficially  
owned directly or indirectly.                             

*    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).                

Note:  File three copies of this Form, one of which must be manually signed.    
If space is insufficient, see Instruction 6 for procedure.        

PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM     
ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID          
OMB CONTROL NUMBER.                                                             

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Name and Address of Reporting Person                                            
------------------------------------                                            
Theodore J. Forstmann                                                           
c/o Forstmann Little & Co.                                                      
767 Fifth Avenue, 44th Floor                                                    
New York, New York 10153                                                        

Issuer Name and Ticker or Trading Symbol                                        
----------------------------------------                                        
McLeodUSA Incorporated; Nasdaq/NMS : MCLD                                       
November 14, 2002                                                               

(1)  As previously reported by the Reporting Person on a Statement of           
Changes in Beneficial Ownership on Form 4, pursuant to an Amended and 
Restated Purchase Agreement, dated as of January 30, 2002 (as amended 
on April 16, 2002), by and among McLeodUSA Incorporated (the          
"Issuer"), Forstmann Little & Co. Equity Partnership-VII, L.P.        
("Equity-VII"), Forstmann Little & Co. Subordinated Debt and Equity   
Management Buyout Partnership-VIII, L.P. ("MBO-VIII") and the other   
parties signatory thereto, Equity-VII and MBO-VIII purchased from the 
Issuer, among other securities, for an aggregate purchase price of    
$175 million, 74,027,764 shares of the Issuer's Class A Common Stock, 
of which 46,267,352 shares were issued to Equity-VII and 27,760,412   
shares were issued to MBO-VIII. The Reporting Person is a general     
partner of FLC XXXII Partnership, L.P., which is the general partner  
of Equity-VII, and a general partner of FLC XXXIII Partnership, L.P., 
which is the general partner of MBO-VIII. The Reporting Person        
disclaims beneficial ownership of the securities issued to Equity-VII 
and MBO-VIII, except to the extent of his "pecuniary interest" (as    
such term is defined in Rule 16a-1 under the Securities and Exchange  
Act of 1934, as amended), if any, and this report shall not be deemed 
an admission that the Reporting Person is the beneficial owner of such
securities for Section 16 purposes and for all other purposes.

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘4’ Filing	Date	First	Last	Other Filings

	1/31/05	1		8-K
Filed on:	11/15/02
For Period end:	11/14/02	1	2	10-Q, 4, SC 13D/A
	4/16/02	2		8-K
	1/30/02	2
				List all Filings

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Filing Submission 0000895345-02-000581 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Forstmann Thodore – ‘4’ for 11/14/02 re: McLeodUSA LLC

On: Friday, 11/15/02, at 10:08am ET · For: 11/14/02 · Accession #: 895345-2-581 · File #: 0-20763

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Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents