-----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, O7/U+NzQWgh9axid4YPZsN5KtkhWYn5OlztgCHkjHg7+HiNuT+Dt7M9jlYBX/N6M Bj6yfRhbi4o6g9TBIy0K7g== 0000898822-00-000059.txt : 20000209 0000898822-00-000059.hdr.sgml : 20000209 ACCESSION NUMBER: 0000898822-00-000059 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000208 GROUP MEMBERS: ALEC COINVESTMENT FUND I, LLC GROUP MEMBERS: ALEC COINVESTMENT FUND II, LLC GROUP MEMBERS: ALEC COINVESTMENT FUND III, LLC GROUP MEMBERS: ALEC COINVESTMENT FUND IV, LLC GROUP MEMBERS: ALEC COINVESTMENT FUND V, LLC GROUP MEMBERS: ALEC COINVESTMENT FUND VI, LLC GROUP MEMBERS: FOX PAINE & COMPANY, LLC GROUP MEMBERS: FOX PAINE CAPITAL FUND, L.P. GROUP MEMBERS: FOX PAINE CAPITAL LLC GROUP MEMBERS: FPC INVESTORS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALASKA COMMUNICATIONS SYSTEMS GROUP INC CENTRAL INDEX KEY: 0001089511 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 522126573 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-57739 FILM NUMBER: 526588 BUSINESS ADDRESS: STREET 1: 510 L STREET STREET 2: SUITE 500 CITY: ANCHORAGE STATE: AK ZIP: 99501 BUSINESS PHONE: 9072973000 MAIL ADDRESS: STREET 1: 510 L STREET STREET 2: SUITE 500 CITY: ANCHORAGE STATE: AK ZIP: 99601 FORMER COMPANY: FORMER CONFORMED NAME: ALEC HOLDINGS INC DATE OF NAME CHANGE: 19990624 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FOX PAINE CAPITAL LLC CENTRAL INDEX KEY: 0001099230 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 950 TOWER LANE STREET 2: SUITE 1150 CITY: FOSTER CITY STATE: CA ZIP: 94404 BUSINESS PHONE: 6505251300 MAIL ADDRESS: STREET 1: 950 TOWER LANE STREET 2: SUITE 1150 CITY: FOSTER CITY STATE: CA ZIP: 94404 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Alaska Communications Systems Group, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 Par Value Per Share - -------------------------------------------------------------------------------- (Title of Class of Securities) 01167P 10 1 - -------------------------------------------------------------------------------- (CUSIP Number) November 17, 1999 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [_] Rule 13d-1(c) [x] Rule 13d-1(d) Page 1 of 20 pages - ----------------------------- CUSIP No. 01167P 10 1 13G - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Fox Paine & Company, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 0 Beneficially Owned by ----------------------------------------------------------------- Each 6. Shared Voting Power Reporting 16,492,802 (See Item 4(a)) Person With: ----------------------------------------------------------------- 7. Sole Dispositive Power 0 ----------------------------------------------------------------- 8. Shared Dispositive Power 16,492,802 (See Item 4(a)) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 16,492,802 (See Item 4(A)) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 50.5% (See Item 4(a)) - -------------------------------------------------------------------------------- 12. Type of Person Reporting (See Instructions) OO - -------------------------------------------------------------------------------- Page 2 of 20 pages - ----------------------------- CUSIP No. 01167P 10 1 13G - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Fox Paine Capital Fund, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 0 Beneficially Owned by ----------------------------------------------------------------- Each 6. Shared Voting Power Reporting 16,251,658 (See Item 4(a)) Person With: ----------------------------------------------------------------- 7. Sole Dispositive Power 0 ----------------------------------------------------------------- 8. Shared Dispositive Power 16,251,658 (See Item 4(a)) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 16,251,658 (See Item 4(a)) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 49.8% (See Item 4(a)) - -------------------------------------------------------------------------------- 12. Type of Person Reporting (See Instructions) PN - -------------------------------------------------------------------------------- Page 3 of 20 pages - ----------------------------- CUSIP No. 01167P 10 1 13G - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Fox Paine Capital, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 0 Beneficially Owned by ----------------------------------------------------------------- Each 6. Shared Voting Power Reporting 19,555,751 (See Item 4(a)) Person With: ----------------------------------------------------------------- 7. Sole Dispositive Power 0 ----------------------------------------------------------------- 8. Shared Dispositive Power 19,555,751 (See Item 4(a)) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 19,555,751 (See Item 4(a)) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 59.9% (See Item 4(a)) - -------------------------------------------------------------------------------- 12. Type of Person Reporting (See Instructions) OO - -------------------------------------------------------------------------------- Page 4 of 20 pages - ----------------------------- CUSIP No. 01167P 10 1 13G - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) FPC Investors, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 0 Beneficially Owned by ----------------------------------------------------------------- Each 6. Shared Voting Power Reporting 241,144 (See Item 4(a)) Person With: ----------------------------------------------------------------- 7. Sole Dispositive Power 0 ----------------------------------------------------------------- 8. Shared Dispositive Power 241,144 (See Item 4(a)) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 241,144 (See Item 4(a)) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.7% (See Item 4(a)) - -------------------------------------------------------------------------------- 12. Type of Person Reporting (See Instructions) PN - -------------------------------------------------------------------------------- Page 5 of 20 pages - ----------------------------- CUSIP No. 01167P 10 1 13G - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) ALEC Coinvestment Fund I, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 0 Beneficially Owned by ----------------------------------------------------------------- Each 6. Shared Voting Power Reporting 812,453 (See Item 4(a)) Person With: ----------------------------------------------------------------- 7. Sole Dispositive Power 0 ----------------------------------------------------------------- 8. Shared Dispositive Power 812,453 (See Item 4(a)) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 812,453 (See Item 4(a)) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 2.5% (See Item 4(a)) - -------------------------------------------------------------------------------- 12. Type of Person Reporting (See Instructions) OO - -------------------------------------------------------------------------------- Page 6 of 20 pages - ----------------------------- CUSIP No. 01167P 10 1 13G - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) ALEC Coinvestment Fund II, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 0 Beneficially Owned by ----------------------------------------------------------------- Each 6. Shared Voting Power Reporting 406,227 (See Item 4(a)) Person With: ----------------------------------------------------------------- 7. Sole Dispositive Power 0 ----------------------------------------------------------------- 8. Shared Dispositive Power 406,227 (See Item 4(a)) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 406,227 (See Item 4(a)) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 1.2% (See Item 4(a)) - -------------------------------------------------------------------------------- 12. Type of Person Reporting (See Instructions) OO - -------------------------------------------------------------------------------- Page 7 of 20 pages - ----------------------------- CUSIP No. 01167P 10 1 13G - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) ALEC Coinvestment Fund III, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 0 Beneficially Owned by ----------------------------------------------------------------- Each 6. Shared Voting Power Reporting 487,472 (See Item 4(a)) Person With: ----------------------------------------------------------------- 7. Sole Dispositive Power 0 ----------------------------------------------------------------- 8. Shared Dispositive Power 487,472 (See Item 4(a)) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 487,472 (See Item 4(a)) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 1.5% (See Item 4(a)) - -------------------------------------------------------------------------------- 12. Type of Person Reporting (See Instructions) OO - -------------------------------------------------------------------------------- Page 8 of 20 pages - ----------------------------- CUSIP No. 01167P 10 1 13G - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) ALEC Coinvestment Fund IV, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 0 Beneficially Owned by ----------------------------------------------------------------- Each 6. Shared Voting Power Reporting 487,472 (See Item 4(a)) Person With: ----------------------------------------------------------------- 7. Sole Dispositive Power 0 ----------------------------------------------------------------- 8. Shared Dispositive Power 487,472 (See Item 4(a)) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 487,472 (See Item 4(a)) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 1.5% (See Item 4(a)) - -------------------------------------------------------------------------------- 12. Type of Person Reporting (See Instructions) OO - -------------------------------------------------------------------------------- Page 9 of 20 pages - ----------------------------- CUSIP No. 01167P 10 1 13G - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) ALEC Coinvestment Fund V, LC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 0 Beneficially Owned by ----------------------------------------------------------------- Each 6. Shared Voting Power Reporting 812,453 (See Item 4(a)) Person With: ----------------------------------------------------------------- 7. Sole Dispositive Power 0 ----------------------------------------------------------------- 8. Shared Dispositive Power 812,453 (See Item 4(a)) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 812,453 (See Item 4(a)) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 2.5% (See Item 4(a)) - -------------------------------------------------------------------------------- 12. Type of Person Reporting (See Instructions) OO - -------------------------------------------------------------------------------- Page 10 of 20 pages - ----------------------------- CUSIP No. 01167P 10 1 13G - ------------------------------ - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) ALEC Coinvestment Fund VI, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [x] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 0 Beneficially Owned by ----------------------------------------------------------------- Each 6. Shared Voting Power Reporting 56,872 (See Item 4(a)) Person With: ----------------------------------------------------------------- 7. Sole Dispositive Power 0 ----------------------------------------------------------------- 8. Shared Dispositive Power 56,872 (See Item 4(a)) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 56,872 (See Item 4(a)) - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.2% (See Item 4(a)) - -------------------------------------------------------------------------------- 12. Type of Person Reporting (See Instructions) OO - -------------------------------------------------------------------------------- Page 11 of 20 pages - -------------------------------------------------------------------------------- Item 1(a). Name of Issuer: Alaska Communications Systems Group, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 510 L. Street Anchorage, Alaska 99501 Item 2(a). Name of Person Filing:* Fox Paine & Company, LLC Fox Paine Capital Fund, L.P. Fox Paine Capital, LLC FPC Investors, L.P. ALEC Coinvestment Fund I, LLC ALEC Coinvestment Fund II, LLC ALEC Coinvestment Fund III, LLC ALEC Coinvestment Fund IV, LLC ALEC Coinvestment Fund V, LLC ALEC Coinvestment Fund VI, LLC (*) A joint filing agreement is attached hereto as Exhibit 1. Item 2(b). Address of Principal Business Office or, if none, Residence: c/o Fox Paine & Company, LLC 950 Tower Lane Suite 1150 Foster City, CA 94404-2131 Item 2(c). Citizenship: Delaware Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value per share Item 2(e). CUSIP Number: 01167P 10 1 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a). [_] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b). [_] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c). [_] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d). [_] Investment company registered under Section 8 of the Investment Page 12 of 20 pages Company Act of 1940 (15 U.S.C. 80a-8). (e). [_] An investment adviser in accordance with Section 240.13d-1(b)(1) (ii)(E); (f). [_] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g). [_] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h). [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i). [_] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j). [_] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). Not Applicable Item 4. Ownership. (a). Amount beneficially owned: Fox Paine & Company, LLC ("Company LLC") is the manager of (i) Fox Paine Capital Fund, L.P. ("LP1"), which may be deemed to own beneficially and directly 16,251,658 shares, or approximately 49.8%, of Common Stock of Alaska Communications Systems Group, Inc. (the "Issuer") and (ii) FPC Investors, L.P. ("LP2" and, together with LP1, the "LPs"), which may be deemed to own beneficially and directly 241,144 shares, or approximately 0.7%, of Common Stock of the Issuer. Fox Paine Capital, LLC ("Capital LLC") is the General Partner of each of the LPs and the Managing Member of each of ALEC Coinvestment Fund I, LLC, ALEC Coinvestment Fund II, LLC, ALEC Coinvestment Fund III, LLC, ALEC Coinvestment Fund IV, LLC, ALEC Coinvestment Fund V, LLC and ALEC Coinvestment Fund VI, LLC (collectively, the "Funds"), which Funds in the aggregate may be deemed to own beneficially and directly 3,062,949 shares, or approximately 9.4%, of Common Stock of the Issuer (812,453 shares, or approximately 2.5%, owned by ALEC Coinvestment Fund I, LLC, 406,227 shares, or approximately 1.2%, owned by ALEC Coinvestment Fund II, LLC, 487,472 shares, or approximately 1.5%, owned by ALEC Coinvestment Fund III, LLC, 487,472 shares, or approximately 1.5%, owned by ALEC Coinvestment Fund IV, LLC, 812,453 shares, or approximately 2.5%, owned by ALEC Coinvestment Fund V, LLC, and 56,872, or approximately 0.2%, owned by ALEC Page 13 of 20 pages Coinvestment Fund VI, LLC). Company LLC, as the manager of the LPs, may be deemed to be the indirect beneficial owner in the aggregate of 16,492,802 shares, or approximately 50.5%, of the Common Stock of the Issuer owned by the LPs, and Capital LLC, as the General Partner of the LPs and Managing Member of the Funds, may be deemed to be the indirect beneficial owner in the aggregate of 19,555,751 shares, or approximately 59.9%, of the Common Stock of the Issuer owned by the LPs and the Funds. Each of Company LLC and Capital LLC disclaims ownership of the shares of Common Stock beneficially owned by the LPs and the Funds to the extent of the partnership or limited liability company interests in the LPs and the Funds held by persons other than Company LLC and Capital LLC, respectively. Saul A. Fox and W. Dexter Paine, III are the sole members of Company LLC and members of Capital LLC. In such capacities, Mr. Fox and Mr. Paine may be deemed to share beneficial ownership of the Common Stock beneficially owned by Company LLC and Capital LLC, but they disclaim any such beneficial ownership. (b). Percent of Class: See the response(s) to Item 11 on the attached cover page(s). See Item 4(a). (c). Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s). (ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s). (iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s). (iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s). Item 5. Ownership of Five Percent or Less of a Class. Not appicable Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Page 14 of 20 pages Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. See Item 4. Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certifications. Not Appicable Page 15 of 20 pages SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. FOX PAINE & COMPANY, LLC, By: /s/ W. Dexter Paine, III -------------------------------------- Name: W. Dexter Paine, III Title: Member FOX PAINE CAPITAL FUND, L.P., By: Fox Paine Capital, LLC, its General Partner By: /s/ W. Dexter Paine, III -------------------------------------- Name: W. Dexter Paine, III Title: Member FOX PAINE CAPITAL, LLC By: /s/ W. Dexter Paine, III -------------------------------------- Name: W. Dexter Paine, III Title: Member FPC INVESTORS, L.P., By: Fox Paine Capital, LLC, its General Partner By: /s/ W. Dexter Paine, III -------------------------------------- Name: W. Dexter Paine, III Title: Member ALEC COINVESTMENT FUND I, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III -------------------------------------- Name: W. Dexter Paine, III Title: Member Page 16 of 20 pages ALEC COINVESTMENT FUND II, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III -------------------------------------- Name: W. Dexter Paine, III Title: Member ALEC COINVESTMENT FUND III, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III -------------------------------------- Name: W. Dexter Paine, III Title: Member ALEC COINVESTMENT FUND IV, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III -------------------------------------- Name: W. Dexter Paine, III Title: Member ALEC COINVESTMENT FUND V, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III -------------------------------------- Name: W. Dexter Paine, III Title: Member ALEC COINVESTMENT FUND VI, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III -------------------------------------- Name: W. Dexter Paine, III Title: Member Dated: February 7, 2000 Page 17 of 20 pages EXHIBIT 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) (the "Statement") with respect to the shares of Alaska Communications Systems Group, Inc. and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to the Statement. Dated: February 7, 2000. FOX PAINE & COMPANY, LLC, By: /s/ W. Dexter Paine, III ------------------------------------- Name: W. Dexter Paine, III Title: Member FOX PAINE CAPITAL FUND, L.P., By: Fox Paine Capital, LLC, its General Partner By: /s/ W. Dexter Paine, III ------------------------------------- Name: W. Dexter Paine, III Title: Member FOX PAINE CAPITAL, LLC By: /s/ W. Dexter Paine, III ------------------------------------- Name: W. Dexter Paine, III Title: Member FPC INVESTORS, L.P., By: Fox Paine Capital, LLC, its General Partner By: /s/ W. Dexter Paine, III ------------------------------------- Name: W. Dexter Paine, III Title: Member Page 18 of 20 pages ALEC COINVESTMENT FUND I, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III ------------------------------------- Name: W. Dexter Paine, III Title: Member ALEC COINVESTMENT FUND II, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III ------------------------------------- Name: W. Dexter Paine, III Title: Member ALEC COINVESTMENT FUND III, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III ------------------------------------- Name: W. Dexter Paine, III Title: Member ALEC COINVESTMENT FUND IV, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III ------------------------------------- Name: W. Dexter Paine, III Title: Member ALEC COINVESTMENT FUND V, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III ------------------------------------- Name: W. Dexter Paine, III Title: Member Page 19 of 20 pages ALEC COINVESTMENT FUND VI, LLC, By: Fox Paine Capital, LLC, its Manager By: /s/ W. Dexter Paine, III ------------------------------------- Name: W. Dexter Paine, III Title: Member Page 20 of 20 pages -----END PRIVACY-ENHANCED MESSAGE-----