4 1 v86823wte4.htm FORM 4 Form 4
 

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(h) of the Investment Company Act of 1940

o 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*
(Last, First, Middle)
2. Issuer Name and Ticker or
Trading Symbol
3. I.R.S. Identification Number of Reporting
Person, if an entity
(Voluntary)
  Thorn, Wray T.
  Alaska Communications Systems Group, Inc. (NASDAQ: ALSK)
 
  c/o Fox Paine and Company, LLC
950 Tower Lane, Suite 1150

4. Statement for (Month/Day/Year) 5. If Amendment, Date of Original (Month/Day/Year)
    December 31, 2002
 
  (Street) 6. Relationship of Reporting Person(s) to Issuer (Check All Applicable) 7. Individual or Joint/Group Filing
(Check Applicable Line)
  Foster City, CA 94404
(City)                (State)           (Zip)
  þ  Director o  10% Owner   þ Form filed by One Reporting Person
    o  Officer (give title below)   o Form filed by More than One Reporting Person
    o  Other (specify below)  
       
     

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).
 

 


 


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
Transactions(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            

  Alaska Communications Systems Group, Inc, - Common Stock, $0.01 par             See Note 2     See Note 2   See Note 2

  Alaska Communications Systems Group, Inc, - Common Stock, $0.01 par - previously reported               100,000     I   By Bucks Capital LLC (3)

                     

                     

                     

                     

                     

                   

                   

                   

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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)

                      Code V   (A) (D)

  Deferred receipt of Alaska Communications Systems Group, Inc. - Common Stock $0.01 par under Alaska Communications Systems Group, Inc. 1999 Non-Employee Director Stock Compensation Plan       12/31/02     J(1)   4620

             

             

             

             

             

             

             

             

             

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Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned — Continued
(e.g., puts, calls, warrants, options, convertible securities)

6. Date Exercisable and
Expiration Date

(Month/Day/Year)
7. Title and Amount
of Underlying Securities

(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 of
Derivative Security:
Direct (D) or Indirect (I)

(Instr. 4)
11. Nature of
Indirect
Beneficial
Ownership

(Instr. 4)

  Date
Exercisable
Expiration
Date
  Title Amount or
Number of
Shares
                       

  Upon termination of service   Alaska Communications Systems Group, Inc. Common Stock, $0.01 par 4,620   See Note 1       23,171     D  

                 

                 

                 

                 

                 

                 

                 

                 

                 

Explanation of Responses:

Note 1: Common Stock award for compensation for services performed as a director under Alaska Communications Systems Group, Inc. 1999 Non-Employee Director Stock Compensation Plan, elected by director to be deferred until termination of service.

Note 2: The Reporting Person is a Member of Fox Paine Capital, LLC ("Capital LLC"). Capital LLC is (i) the General Partner of Fox Paine Capital Fund, L.P. and FPC Investor, L.P. (collectively, the "L.P.s") each of which is a direct owner of, respectively, 16,251,658 and 241,144 shares of Common Stock, par value $.01 per share, of Alaska Communications Systems Group, Inc. ( the “Issuer”) and (ii) the Managing Member of ALEC Coinvestment Fund I, LLC, ALEC Coinvestment Fund II, LLC, ALEC Coinvestment Fund III, LLC, ALEC Coinvestment Fund IV, LLC and ALEC Coinvestment Fund V, LLC (collectively, the “Funds”) and which in the aggregate directly own 3,006,077 shares of Common Stock of the Issuer. As a result, Capital LLC may in the aggregate be deemed to own beneficially and indirectly 19,498,879 shares of Common Stock (the “Shares”) of the Issuer. The Reporting Person disclaims beneficial ownership of the Shares reported herein except to the extent of his peculiarly interest therein.

Note 3: The reporting person is a member of Bucks Capital, LLC ("Bucks"). Bucks is the direct owner of the 100,000 shares of Common Stock, par value .01 per share ("Common Stock"), of Alaska Communications Systems Group, Inc. (the "Issuer") reported on this form (the “Bucks Shares”). the reporting person disclaims beneficial ownership of the bucks Shares reported herein, except to the extent of his pecuniary interest therein.

/s/ Cindy Williams for Wray T. Thorn
(Attorney in Fact)
  12/31/02

**Signature of Reporting Person
 
Date


**   Intentional misstatements or omissions of facts constitute Federal Criminal Violations. 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 is insufficient, see Instruction 6 for procedure.
 

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