SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
JWK Enterprises LLC

(Last) (First) (Middle)
C/O METROMEDIA COMPANY
21 MAIN STREET, SUITE 202

(Street)
HACKENSACK NJ 07601

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/04/2008
3. Issuer Name and Ticker or Trading Symbol
ABOVENET INC [ ABVT.PK ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 1,171,978(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Five-Year Warrant 08/09/2003 08/09/2008 Common Stock 22,204(1) $20 D
Seven-Year Warrant 08/09/2003 08/09/2011 Common Stock 26,122(1) $24 D
Explanation of Responses:
1. On April 4, 2008 the following transactions occurred: A trust affiliated with John W. Kluge 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.
/s/ John W. Kluge, Manager 08/21/2008
** 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 5 (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.
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