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U.S. SECURITIES AND EXCHANGE COMMISSION
FORM 3 Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Armstrong Holdings, Inc.
(Last) (First) (Middle)
One Armstrong Place
(Street)
Butler Pennsylvania 16001
(City) (State) (Zip)
2. Date of Event Requiring Statement
(Month/Day/Year)
12/7/99
3. IRS or Social Security Number of Reporting Person
(Voluntary)
25-1563080
4. Issuer Name and Ticker or Trading Symbol
World Access, Inc.; WAXS
5. Relationship of Reporting Person to Issuer
(Check all applicable)
Director X 10% Owner
----- -----
Officer (give title below) Other (specify below)
----- -----
6. If Amendment, Date of Original
(Month/Day/Year)
7. Individual or Joint/Group Filing
x Form filed by One Reporting Person
-----
Form filed by More than One Reporting Person
-----
Page 1 of 3
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FORM 3 (continued)
Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)
2. Amount of Securities Beneficially Owned (Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
4. Nature of Indirect Beneficial Ownership (Instr. 5)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)
Preferred Stock, Series C, par value $.01 per share
2. Date Exercisable and Expiration Date
(Month/Day/Year)
Date Exercisable Expiration Date
12/7/99 On 12/7/02 all Preferred Stock
automatically converts into
Common Stock
3. Title and Amount of Securities Underlying Derivative
Security (Instr. 4)
Title Amount or Number of Shares
Common Stock, par value 15,162,015.9
$.01 per share
4. Conversion or Exercise Price of Derivative Security
$20.38, subject to adjustments set forth in the Certificate of Designation
On 12/7/02, conversion price is based on current market price of the Common
Stock, subject to adjustments set forth in the Certificate of Designation
5. Ownership Form of Derivative Security: Direct (D) or
Indirect (I) (Instr. 5)
I
6. Nature of Indirect Beneficial Ownership (Instr. 5)
By Armstrong International Telecommunications, Inc.(1)
Page 2 of 3
<PAGE>
FORM 3 (continued)
Explanation of Responses:
(1) Armstrong Holdings, Inc. is the sole shareholder of Armstrong
International Telecommunications, Inc.
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
/s/ Kirby J. Campbell January 28, 2000
------------------------------- ---------------
Name: Kirby J. Campbell Date
Title: Chief Executive Officer
SEC 1473 (7-96)
Page 3 of 3
