3 1 sfdi9485.txt
------ FORM 3 ------ ---------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL Washington, D.C. 20549 ---------------------------------- INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB Number:......3235-0104 Expires:.........December 31, 2001 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) Estimated average burden of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Hours per response.......0.5 Investment Company Act of 1940 ---------------------------------- (Print or Type Response) ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Date of Event 4. Issuer Name and Ticker or Trading Symbol Requiring Statement (Month/Day/Year) Digital Island, Inc. (NASDAQ: ISLD) 7/16/01 Wallace(1) Graham Martyn ------------------------------------------------------------------------------------------------------------------------------------ (Last) (First) (Middle) 3. IRS or Social 5. Relationship of Reporting Person 6. If Amendment, Security Number of to Issuer (Check all applicable) Date of Original Reporting Person /x/ Director / / 10% Owner (Month/Day/Year) (Voluntary) / / Officer ) / / Other (specify (give title below below) ------------------------------------ ---------------------- 45 Fremont Street ------------------------------------------------------------------------------------------------------------------------------------ (Street) 7. Individual or Joint/Group Filing (Check Applicable Line) San Fancisco CA 94105 /x/ Form filed by One Reporting -------------------------------------------------------------------------------- Person / / Form filed by More than One Reporting Person ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security (Instr. 4) 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial Beneficially Owned Direct (D) or Ownership (Instr. 5) Indirect (I) (Instr. 5) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $0.001 per share - 0 - ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 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). (Over) SEC 1472 (7-97) FORM 3 (continued) Table II-Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conversion 5. Ownership 6. Nature of Security (Instr. 4) and Expiration Date Securities and Expiration or Exercise Form of Indirect (Month/Day/Year Date Underlying Derivative Price of Derivative Beneficial Security (Instr. 4) Derivative Security: Ownership Security Direct (D) (Instr. 5) or Indirect (I) Instr. 5) -------------------------------------------------------------------------------------------------------------- Date Expiration Title Amount or Number Exercisable Date of Shares ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: (1) Because of his position as a director and officer of Cable and Wireless plc, Mr. Wallace may be deemed to beneficially own the 69,133,519 shares of common stock beneficially owned by Cable and Wireless plc. Mr. Wallace expressly disclaims beneficial ownership of all such shares, and this report shall not be deemed to be an admission that Mr. Wallace is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Graham Martyn Wallace 7/24/01 -------------------------- ------- **Signature of Reporting Date Person 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 provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number Page 2 SEC 1473 (7-96)