UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
ICG COMMUNICATIONS, INC.
(Name of Issuer)
Common Stock, no par value
----------------------------
(Title of Class of Securities)
449246 10 7
------------
(CUSIP Number)
Check the following box if a fee is being paid with the statement [] (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
* 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).
<PAGE>
CUSIP No. 449246 10 7 13G Page 2 of 4 Pages
<TABLE>
<CAPTION>
<S> <C> <C>
=========================================================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION OF ABOVE PERSON
Worldwide Condominium Developments, Inc. (None)
- -------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- -------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS, BRITISH WEST INDIES
- -------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 1,433,130 Shares
------------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 Shares
------------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,433,130 Shares
------------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0 Shares
- -------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,433,130 Shares
- -------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.5%
- -------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
=========================================================================================================================
</TABLE>
SCHEDULE 13G
<PAGE>
SCHEDULE 13G Page 3 of 4 Pages
Item 1: Issuer
------
(a) Name ICG Communications, Inc.
(b) Address 9605 East Maroon Circle
Englewood, Colorado 80112
(303) 572-5960
Item 2: Person Filing
-------------
(a) Name: Worldwide Condominium Developments, Inc.
(b) Address: Box 143
Cayman Islands, British West Indies
(c) Organized: Cayman Islands, British West Indies corporation
(d) Class: Common Stock, no par value (31,885,753 shares outstanding
on September 30, 1996)
(e) CUSIP: CUSIP # 449246 10 7
Item 3: If filing pursuant to Rules 13d-1(b), or 13d-2(b), identify
type of filing person.
-----------------------------------------------------------
Not Applicable.
Item 4: Ownership (As of December 31, 1996)
---------
Worldwide Condominium Developments, Inc.
(a) Beneficially Owned: 1,433,130 Shares
(b) Percent of Class: 4.5%
(c)(i) Sole Voting Power: 1,433,130 Shares
(c)(ii) Shared Voting Power: 0 Shares
(c)(iii) Sole Disposition: 1,433,130 Shares
(c)(iv) Shared Disposition: 0 Shares
Item 5: Ownership of Five Percent or Less of a Class.
--------------------------------------------
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be
the beneficial owner of more than 5% of the class of
securities, check here X.|
Item 6: Ownership of More than 5% on Behalf of Another Person.
-----------------------------------------------------
Not Applicable
Item 7: Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company
-----------------------------------------------------------
Not Applicable
Item 8: Identification and Classification of Members of the Group.
---------------------------------------------------------
Not Applicable.
Item 9: Notice of Dissolution of Group. Not Applicable.
------------------------------
Item 10: Certification. Not Applicable.
-------------
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
WORLDWIDE CONDOMINIUM
DEVELOPMENTS, INC.
February 13, 1997 By: /s/ Larry L. Becker
------------------------------------
Larry L. Becker, Secretary-Treasurer
