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* PETERS MARK A (Last) (First) (Middle) 10475 PARK MEADOWS DRIVE (Street) LITTLETON CO 80124 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 11/12/2004	3. Issuer Name and Ticker or Trading Symbol TIME WARNER TELECOM INC [ TWTC ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) SVP, Treasurer and Acting CFO	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)
Class A Common Stock	1,500	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
Non-Qualified Stock Option (right to buy)	08/05/1999	08/05/2008(1)	Class A Common Stock	12,375	$12	D
Non-Qualified Stock Option (right to buy)	07/19/2000	07/19/2009	Class A Common Stock	24,062	$27	D
Non-Qualified Stock Option (right to buy)	08/02/2001	08/02/2010	Class A Common Stock	18,000	$61	D
Non-Qualified Stock Option (right to buy)	09/28/2002	09/27/2011	Class A Common Stock	5,000	$7.25	D
Non-Qualified Stock Option (right to buy)	11/16/2002	11/15/2011	Class A Common Stock	9,154	$14.72	D
Non-Qualified Stock Option (right to buy)	03/28/2003	03/27/2012	Class A Common Stock	3,500	$6.08	D
Non-Qualified Stock Option (right to buy)	09/30/2003	09/29/2012	Class A Common Stock	2,250	$0.81	D
Non-Qualified Stock Option (right to buy)	03/31/2004	03/30/2013	Class A Common Stock	3,250	$3.23	D
Non-Qualified Stock Option (right to buy)	09/30/2004	09/29/2013	Class A Common Stock	7,500	$9.26	D
Non-Qualified Stock Option (right to buy)	03/31/2004	03/30/2014	Class A Common Stock	7,500	$6.53	D
Non-Qualified Stock Option (right to buy)	09/30/2005	09/29/2014	Class A Common Stock	7,500	$4.8	D
Non-Qualified Stock Option (right to buy)	01/13/2006	01/12/2012	Class A Common Stock	60,000	$3.46	D

Explanation of Responses:

1. All derivative options reported on this Form 3 vest under the following schedule: At the end of the first year, 25% of total options become exercisable. In years two, three and four, 6.25% of the total options become exercisable each quarter.

	Paul B. Jones as attorney-in-fact for Mark A. Peters	01/21/2005
	** 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).
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