-----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, IKJ2gCkbVhRtbWqECxSvo3VraYoy/bqjIDR9ks/iVCcO2RNBwqKBa3+VtgowB1y0 LF0zvLqad6LD4okp/4A5qw== 0000895345-02-000541.txt : 20021101 0000895345-02-000541.hdr.sgml : 20021101 20021101120512 ACCESSION NUMBER: 0000895345-02-000541 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021101 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MCLEODUSA INC CENTRAL INDEX KEY: 0000919943 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 421407240 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46203 FILM NUMBER: 02806164 BUSINESS ADDRESS: STREET 1: 6400 C ST SW STREET 2: PO BOX 3177 CITY: CEDAR RAPIDS STATE: IA ZIP: 52406 BUSINESS PHONE: 3193640000 MAIL ADDRESS: STREET 1: 6400 C ST SW STREET 2: PO BOX 3177 CITY: CEDAR RAPIDS STATE: IA ZIP: 52406 FORMER COMPANY: FORMER CONFORMED NAME: MCLEOD INC DATE OF NAME CHANGE: 19960403 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FORSTMANN LITTLE & CO SUB DEBT & EQ MGMT BUYOUT PAR VII LP CENTRAL INDEX KEY: 0001095466 IRS NUMBER: 134002846 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: WINSTON HUTCHINS STREET 2: 767 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2123555656 MAIL ADDRESS: STREET 1: WINSTON HUTCHINS STREET 2: 767 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10153 SC 13D/A 1 ad13da.txt SCHEDULE 13D (AMENDMENT #5) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 5)* MCLEODUSA INCORPORATED - ------------------------------------------------------------------------------ (Name of Issuer) CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE - ------------------------------------------------------------------------------ (Title of Class of Securities) 582266 10 2 - ------------------------------------------------------------------------------ (CUSIP Number) FRIED, FRANK, HARRIS, FORSTMANN LITTLE & CO. SUBORDINATED DEBT SHRIVER & JACOBSON & EQUITY MANAGEMENT BUYOUT ONE NEW YORK PLAZA PARTNERSHIP-VI, L.P. NEW YORK, NY 10004 FORSTMANN LITTLE & CO. SUBORDINATED DEBT ATTN: STEPHEN FRAIDIN, ESQ. & EQUITY MANAGEMENT BUYOUT (212) 859-8000 PARTNERSHIP-VII, L.P. FORSTMANN LITTLE & CO. EQUITY PARTNERSHIP-V, L.P. FORSTMANN LITTLE & CO. SUBORDINATED DEBT & EQUITY MANAGEMENT BUYOUT PARTNERSHIP-VIII, L.P. FORSTMANN LITTLE & CO. EQUITY PARTNERSHIP-VII, L.P. THEODORE J. FORSTMANN THOMAS H. LISTER C/O FORSTMANN LITTLE & CO. 767 FIFTH AVENUE NEW YORK, NY 10153 ATTN: MR. WINSTON W. HUTCHINS (212) 355-5656 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) OCTOBER 30, 2002 ------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [ ] Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 582266102 Page 2 of 7 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS THEODORE J. FORSTMANN 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. SOURCE OF FUNDS* PF 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] 6. CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES NUMBER OF 7. SOLE VOTING POWER SHARES 2,382,297 BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 0 REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH 2,382,297 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,382,297 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) [ ] EXCLUDES CERTAIN SHARES* 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% 14. TYPE OF REPORTING PERSON* IN This Amendment No. 5, filed on behalf of Forstmann Little & Co. Subordinated Debt & Equity Management Buyout Partnership-VI, L.P., a Delaware limited partnership ("MBO-VI"), Forstmann Little & Co. Subordinated Debt & Equity Management Buyout Partnership-VII, L.P., a Delaware limited partnership ("MBO-VII"), Forstmann Little & Co. Equity Partnership-V, L.P., a Delaware limited partnership ("Equity-V" and, together with MBO-VI and MBO-VII, the "FL Partnerships"), Forstmann Little & Co. Subordinated Debt & Equity Management Buyout Partnership-VIII, L.P., a Delaware limited partnership ("MBO-VIII"), Forstmann Little & Co. Equity Partnership-VII, L.P., a Delaware limited partnership ("Equity-VII"), Theodore J. Forstmann ("Mr. Forstmann") and Thomas H. Lister ("Mr. Lister" and, together with the FL Partnerships, MBO-VIII, Equity-VII and Mr. Forstmann, the "Reporting Persons"), amends and supplements the Schedule 13D filed on behalf of the FL Partnerships with the Securities and Exchange Commission on September 22, 1999 (as amended by Amendment No. 1 filed on October 2, 2001, Amendment No. 2 filed on December 7, 2001, Amendment No. 3 filed on February 4, 2002 and Amendment No. 4 filed on April 22, 2002, the "Schedule 13D"), relating to the Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), of McLeodUSA Incorporated, a Delaware corporation ("McLeodUSA"). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13D. ITEM 3. Source and Amount of Funds or Other Consideration ------------------------------------------------- Item 3 is hereby amended to add the following at the end thereof: The total amount of funds used by Mr. Forstmann to purchase the 210,000 shares of Class A Common Stock and the 403,378 shares of 2.5% Series A Convertible Preferred Stock of McLeodUSA (the "Series A Preferred Stock") purchased for his own account was $841,818.20. These funds were obtained from the personal funds of Mr. Forstmann. ITEM 5. Interest in Securities of the Issuer ------------------------------------ Clause (vi) (entitled "Theodore J. Forstmann") of Item 5 is hereby amended to read as follows: (vi) Theodore J. Forstmann: (a) Amount Beneficially Owned: Mr. Forstmann directly owns 210,000 shares of Class A Common Stock and 403,378 shares of Series A Preferred Stock which are presently convertible into 1,991,047 shares of Class A Common Stock. In addition, Mr. Forstmann directly owns options to purchase shares of Class A Common Stock, of which 181,250 have vested and are presently exercisable for 181,250 shares of Class A Common Stock at a price of $1.11 per share. The shares of Class A Common Stock and Series A Preferred Stock directly owned by Mr. Forstmann, together with the shares of Class A Common Stock for which the options directly owned by Mr. Forstmann are presently exercisable, represent approximately 1.4% of the Class A Common Stock outstanding, based on calculations made in accordance with Rule 13d-3(d) of the Exchange Act and there being 162,499,986 shares of Class A Common Stock outstanding as of August 8, 2002 as disclosed by McLeodUSA in its Form 10-Q for the quarterly period ended June 30, 2002. (b) Assuming conversion of the shares of Series A Preferred Stock and exercise of the vested options, the number of shares as to which Mr. Forstmann has: (i) sole power to vote or to direct the vote - 2,382,297. (ii) shared power to vote or to direct the vote -- None. (iii) sole power to dispose or to direct the disposition of - 2,382,297. (iv) shared power to dispose or to direct the disposition of -- None. (c) During the past 60 days, Mr. Forstmann purchased the following shares of Class A Common Stock and Series A Preferred Stock, all in open market transactions: Purchase Date Number of Shares Number of Shares of Per Share Purchase - ------------- ---------------- ------------------- ------------------ of Class A Series A Preferred Stock Price ---------- ------------------------ ----- Common Stock ------------ - -------------------------------------------------------------------------------- 10/28/02 80,000 $0.32 - -------------------------------------------------------------------------------- 10/29/02 80,000 $0.35 - -------------------------------------------------------------------------------- 20,000 $0.34 - -------------------------------------------------------------------------------- 10/30/02 20,000 $0.37 - -------------------------------------------------------------------------------- 10,000 $0.36 - -------------------------------------------------------------------------------- 300,000 $1.93 - -------------------------------------------------------------------------------- 53,378 $1.90 - -------------------------------------------------------------------------------- 50,000 $1.80 - -------------------------------------------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 1, 2002 FORSTMANN LITTLE & CO. SUBORDINATED DEBT AND EQUITY MANAGEMENT BUYOUT PARTNERSHIP-VI, L.P. By: FLC XXIX Partnership, L.P., its general partner By: /s/ Winston W. Hutchins --------------------------------- Winston W. Hutchins, a general partner FORSTMANN LITTLE & CO. SUBORDINATED DEBT AND EQUITY MANAGEMENT BUYOUT PARTNERSHIP-VII, L.P. By: FLC XXXIII Partnership, L.P., its general partner By: /s/ Winston W. Hutchins --------------------------------- Winston W. Hutchins, a general partner FORSTMANN LITTLE & CO. EQUITY PARTNERSHIP- V, L.P. By: FLC XXX Partnership, L.P., its general partner By: /s/ Winston W. Hutchins --------------------------------- Winston W. Hutchins, a general partner FORSTMANN LITTLE & CO. SUBORDINATED DEBT AND EQUITY MANAGEMENT BUYOUT PARTNERSHIP-VIII, L.P. By: FLC XXXIII Partnership, L.P., its general partner By: /s/ Winston W. Hutchins --------------------------------- Winston W. Hutchins, a general partner FORSTMANN LITTLE & CO. EQUITY PARTNERSHIP- VII, L.P. By: FLC XXXII Partnership, L.P., its general partner By: /s/ Winston W. Hutchins --------------------------------- Winston W. Hutchins, a general partner /s/ Theodore J. Forstmann ----------------------------- Theodore J. Forstmann /s/ Thomas H. Lister ----------------------------- Thomas H. Lister -----END PRIVACY-ENHANCED MESSAGE-----