SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* WELSH PATRICK J (Last) (First) (Middle) C/O WELSH, CARSON, ANDERSON & STOWE 320 PARK AVENUE, SUITE 2500 (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol SAVVIS COMMUNICATIONS CORP [ SVVS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 02/09/2004
	4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Series B Convertible Preferred Stock	02/09/2004		X		6,715,384	A	$16.3	6,715,384	I	By Welsh, Carson, Anderson & Stowe VIII, L.P.(4)
Series B Convertible Preferred Stock	02/09/2004		J(2)		3,314,984	D	$33.02	3,400,400(3)	I	By Welsh, Carson, Anderson & Stowe VIII, L.P.(4)
Series B Convertible Preferred Stock	02/09/2004		X		493,583	A	$16.3	493,583	I	By Welsh, Carson, Anderson & Stowe VII, L.P.(4)
Series B Convertible Preferred Stock	02/09/2004		J(2)		243,652	D	$33.02	249,931(3)	I	By Welsh, Carson, Anderson & Stowe VII, L.P.(4)
Series B Convertible Preferred Stock	02/09/2004		X		658,379	A	$16.3	658,379	I	By Welsh, Carson, Anderson & Stowe VI, L.P.(4)
Series B Convertible Preferred Stock	02/09/2004		J(2)		325,002	D	$33.02	333,377(3)	I	By Welsh, Carson, Anderson & Stowe VI, L.P.(4)
Series B Convertible Preferred Stock	02/09/2004		X		142,576	A	$16.3	142,576	I	By WCAS Management Corporation(4)
Series B Convertible Preferred Stock	02/09/2004		J(2)		70,381	D	$33.02	72,195(3)	I	By WCAS Management Corporation(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants (Right to Buy)	$16.3	02/09/2004		P(1)		6,715,384		02/09/2004	01/30/2009	Series B Convertible Preferred Stock	6,715,384	(1)	6,715,384	I	By Welsh, Carson, Anderson & Stowe VIII, L.P.(4)
Warrants (Right to Buy)	$16.3	02/09/2004		X			6,715,384	02/09/2004	01/30/2009	Series B Convertible Preferred Stock	6,715,384	(1)	0	I	By Welsh, Carson, Anderson & Stowe VIII, L.P.(4)
Warrants (Right to Buy)	$16.3	02/09/2004		P(5)		493,583		02/09/2004	01/30/2009	Series B Convertible Preferred Stock	493,583	(5)	493,583	I	By Welsh, Carson, Anderson & Stowe VII, L.P.(4)
Warrants (Right to Buy)	$16.3	02/09/2004		X			493,583	02/09/2004	01/30/2009	Series B Convertible Preferred Stock	493,583	(5)	0	I	By Welsh, Carson, Anderson & Stowe VII, L.P.(4)
Warrants (Right to Buy)	$16.3	02/09/2004		P(6)		658,379		02/09/2004	01/30/2009	Series B Convertible Preferred Stock	658,379	(6)	658,379	I	By Welsh, Carson, Anderson & Stowe VI, L.P.(4)
Warrants (Right to Buy)	$16.3	02/09/2004		X			658,379	02/09/2004	01/30/2009	Series B Convertible Preferred Stock	658,379	(6)	0	I	By Welsh, Carson, Anderson & Stowe VI, L.P.(4)
Warrants (Right to Buy)	$16.3	02/09/2004		P(7)		142,576		02/09/2004	01/30/2009	Series B Convertible Preferred Stock	142,576	(7)	142,576	I	By WCAS Management Corporation(4)
Warrants (Right to Buy)	$16.3	02/09/2004		X			142,576	02/09/2004	01/30/2009	Series B Convertible Preferred Stock	142,576	(7)	0	I	By WCAS Management Corporation(4)

Explanation of Responses:

1. The Warrants were issued together with subordinated notes as units in a debt financing, the principal amount which was $103,783,203. The Warrants had no separate consideration.

2. Deemed disposition of shares in connection with the cashless exercise of the Warrants.

3. Each share of Series B Convertible Preferred Stock will automatically convert into 10 shares of Common Stock only upon the later to occur of the following contingencies: (i) shareholder approval or (ii) approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, for no additional consideration.

4. The Reporting Person is a managing member of the sole general partner of Welsh, Carson, Anderson & Stowe VIII, L.P., a general partner of the respective sole general partners of Welsh, Carson, Anderson& Stowe VII, L.P. and Welsh, Carson, Anderson & Stowe VI, L.P., and a controlling stockholder of WCAS Management Corporation. Pursuant to Instruction (4)(b)(iv) of Form 4, the Reporting Person has elected to report as indirectly beneficially owned the entire number of securities beneficially owned by each such entity. The Reporting Person disclaims beneficial ownership of any securities, and any proceeds thereof, that exceed his pecuniary interest therein and/or that are not actually distributed to him.

5. The Warrants were issued together with subordinated notes as units in a debt financing, the principal amount which was $7,628,108. The Warrants had no separate consideration.

6. The Warrants were issued together with subordinated notes as units in a debt financing, the principal amount which was $10,174,944. The Warrants had no separate consideration.

7. The Warrants were issued together with subordinated notes as units in a debt financing, the principal amount which was $2,203,447. The Warrants had no separate consideration.

Remarks:

	Jonathan M. Rather, Attorney-in-Fact	03/25/2004
	** 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).
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