SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Advanced Radio Telecom Corp.
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(Name of Issuer)
Common Stock $.001 per value
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(Title of class of securities)
00743U-10-1
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(CUSIP number)
James C. Diracles
Charles C. Berquist
Best & Flanagan LLP
4000 U.S. Bank Place
601 Second Avenue South
Minneapolis, Minnesota 55402
(612) 341-9726
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(Name, address and telephone number of person
authorized to receive notices and communications)
March 15, 1999
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(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rules 13d-1(e), 13d-1(f), or 13d-1(g), check the
following box [ ]
(Continued on following pages)
Page 1 of 8 Pages
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CUSIP NO. 00743U-10-1 13D PAGE 2 OF 8 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Commco, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
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6 CITIZEN OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF 1,324,691
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH -------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 1,324,691
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,324,691
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.95%
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14 TYPE OF REPORTING PERSON
OO
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(Continued on following pages)
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CUSIP NO. 00743U-10-1 13D PAGE 3 OF 8 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Rosemarie A. Reardon
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
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6 CITIZEN OR PLACE OF ORGANIZATION
UNITED STATES
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7 SOLE VOTING POWER
NUMBER OF 1,337,991
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH -------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 1,337,991
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,337,991
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.99%
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14 TYPE OF REPORTING PERSON
IN
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(Continued on following pages)
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SCHEDULE 13D
COMMCO, L.L.C
ROSEMARIE A. REARDON
PAGE 4 OF 8 PAGES
ADVANCED RADIO TELECOM CORP.
(CUSIP NO. 00743U-10-1)
ITEM 1. SECURITY AND ISSUER
This statement relates to the common stock, par value $.001 per share
(the "Common Stock"), of Advanced Radio Telecom Corp., a Delaware corporation
(the "Issuer"). The principal executive offices of the Issuer are located at 500
108th Avenue, N.E., Suite 2600, Bellevue, Washington 98004.
This Amendment is being filed to report a material decrease in the
percentage of the Common Stock beneficially owned by the Reporting Persons, as
defined below. This is the final amendment because the Reporting Persons now
beneficially own less than 5% of the Common Stock.
ITEM 2. IDENTITY AND BACKGROUD
(a) This statement is filed with respect to Commco, L.L.C., a Delaware
limited liability company ("Commco"), and Rosemarie A. Reardon ("Reardon"). Each
of Commco and Reardon are referred to herein as a "Reporting Person" and
collectively as the "Reporting Persons." By virtue of her position as the
controlling member of Commco, Reardon has the power to vote and dispose of the
Common Stock held by Commco. Accordingly, the Reporting Persons are hereby
filing a joint Amendment to Schedule 13D. This Amendment is being filed to
report a material decrease in the percentage of the Common Stock beneficially
owned by the Reporting Persons.
Reardon is also the direct beneficial owner of 13,300 shares of Common
Stock acquired by her by gift on May 30, 1997. Commco has no beneficial
ownership of such shares.
(b) The principal business address of each Reporting Person is 4513 Pin
Oak Court, Sioux Falls, South Dakota 57103.
(c) The principal business of Commco is telecommunications. Reardon is
a business person and an individual investor who is the controlling member of
Commco.
(d) Neither Reporting Person has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) Neither Reporting Person has, during the past five years, been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction which resulted in a judgement, decree or final order enjoining
future violations of, or prohibiting
(Continued on following pages)
<PAGE>
SCHEDULE 13D
COMMCO, L.L.C
ROSEMARIE A. REARDON
PAGE 5 OF 8 PAGES
or mandating activities subject to, Federal or State securities laws or a
finding of any violation with respect to such laws.
(f) Reardon is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION
This Amendment is being filed to report a material decrease in the
percentage of the Common Stock beneficially owned by the Reporting Persons. This
is the final amendment because the Reporting Persons now beneficially own less
than 5% of the Common Stock. Each Reporting Person acquired the shares of Common
Stock for investment purposes. Although no Reporting Person presently has any
plans or proposals to acquire additional securities of the Issuer in the future,
each Reporting Person may acquire additional securities of the Issuer in the
future. No Reporting Persons presently has any plans or proposals which relate
to or would result in any of the transactions described in paragraphs (a)
through (l) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Commco currently beneficially owns 1,324,691 shares of the Issuer's
Common Stock, representing approximately 4.95% of the currently outstanding
shares of Common Stock. Such shares include warrants to purchase 54,191 shares
of Common Stock held by Commco. Reardon may be deemed to beneficially own
1,324,691 shares of the Issuer's Common Stock, plus she is the direct beneficial
owner of 13,300 shares, representing approximately 4.99% of the currently
outstanding shares of Common Stock. The aggregate percentage of shares of Common
Stock reported owned by each Reporting Person is based upon 26,707,000 shares
currently outstanding, as reported by Nasdaq, plus 54,191 shares covered by
warrants beneficially owned by the Reporting Persons.
(b) By virtue of her position as the controlling member of Commco,
Reardon has the sole power to vote and dispose of all 1,324,691 shares of Common
Stock reported in this Schedule 13D. Such shares include warrants to purchase
54,191 shares of Common Stock. Reardon is also the direct beneficial owner of
13,300 shares of Common Stock acquired by her by gift on May 30, 1997. Commco
has no beneficial ownership of such shares.
(Continued on following pages)
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SCHEDULE 13D
COMMCO, L.L.C
ROSEMARIE A. REARDON
PAGE 6 OF 8 PAGES
(c) Since March 10, 1999, Commco effected the following sales of the
Common Stock:
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TRADE DATE SELLING PRICE NUMBER OF SHARES SOLD
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3/11/99 $ 8.5000 27,500
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3/12/99 $ 8.2500 81,138
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3/15/99 $ 8.6063 107,000
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TOTAL 215,638
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All transactions were in normal brokers' transactions or with market makers on
NASDAQ.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITES OF THE ISSUER.
None.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
1. Joint Filing Agreement.
(Continued on following pages)
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SCHEDULE 13D
COMMCO, L.L.C
ROSEMARIE A. REARDON
PAGE 7 OF 8 PAGES
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: March 23, 1999 COMMCO, L.L.C.
By: /s/ Scott Reardon, President
/s/ Rosemarie A. Reardon
(Continued on following pages)
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SCHEDULE 13D
COMMCO, L.L.C.
ROSEMARIE A. REARDON
PAGE 8 OF 8 PAGES
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange
Act of 1934, as amended, the persons names below agree to the joint filing on
behalf of each of them of Schedule 13D with respect to the common stock, per
value $.001 per share, of Advanced Radio Telecom Corp., a Delaware corporation,
and any further amendments thereto. This Joint Filing Agreement shall be filed
as an Exhibit to the Schedule 13D.
Dated: March 23, 1999 COMMCO, L.L.C.
By: /s/ Scott Reardon, President
/s/ Rosemarie A. Reardon
