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-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287
LONGER SUBJECT TO EXPIRES: DECEMBER 31, 2001
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
Director X 10% Owner
Eagle River Investments, LLC NEXTLINK Communications, Inc. (NXLK) ---- ----
--------------------------------------------------------------------------------------------- Officer (give Other
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- title ---- (specify
Number of Reporting Month/Year below) below
Person (Voluntary) ----------------- ------------------
2300 Carillon Point May, 2000
-------------------------------------------- --------------------- 7. Individual or Joint/Group Filing
(Street) 5. If Amendment, (Check Applicable Line)
Date of Original _X_Form filed by One Reporting Person
(Month/Year) ___Form filed by More than One
Kirkland WA 98033 Reporting Person
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(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
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Class A Common* 5/1/00 S 17,500 D 85.93(2) I By Trust(1)
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Class A Common* 5/2/00 S 17,500 D 88.39(2) I By Trust(1)
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Class A Common* 5/3/00 S 17,500 D 82.91(2) I By Trust(1)
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Class A Common* 5/4/00 S 17,500 D 83.30(2) I By Trust(1)
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Class A Common* 5/5/00 S 17,500 D 85.51(2) I By Trust(1)
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Class A Common* 5/8/00 S 17,500 D 84.28(2) I By Trust(1)
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Class A Common* 5/9/00 S 17,500 D 83.73(2) I By Trust(1)
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Class A Common* 5/10/00 S 17,500 D 82.13(2) I By Trust(1)
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Class A Common* 5/11/00 S 17,500 D 78.72(2) I By Trust(1)
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Class A Common* 5/12/00 S 17,500 D 74.27(2) I By Trust(1)
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Class A Common* 5/15/00 S 17,500 D 67.19(2) I By Trust(1)
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Class A Common* 5/16/00 S 17,500 D 71.36(2) I By Trust(1)
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Class A Common* 5/17/00 S 17,500 D 68.17(2) I By Trust(1)
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Class A Common* 5/18/00 S 17,500 D 57.92(2) I By Trust(1)
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Class A Common* 5/19/00 S 17,500 D 57.89(2) I By Trust(1)
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Class A Common* 5/22/00 S 17,500 D 54.29(2) 2,415,000 I By Trust(1)
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Class A Common 2,010,002 D
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Class B Common 31,871,787 D
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* Reporting entity disclaims beneficial ownership except to the extent of its pecuniary interest therein.
(1) Eagle River Investments, LLC is the sole beneficiary of the Eagle River Trust, a trust ("the Trust") of which the Bank of
America Trust Company of Delaware, N.A., is its trustee. The Trust had been irrevocably instructed to sell its shares in
increments of 17,500 shares per day. On May 19, 2000, Eagle River and the trustee obtained a court order modifying the Trust
Agreement. On May 22, 2000, Eagle River directed the Trustee to halt the sales of NEXTLINK common shares held by the trust.
Craig O. McCaw continues as the controlling member of Eagle River, with an undiminished beneficial interest in the NEXTLINK
Common Stock held by the Trust. A total of 1,085,000 shares of NEXTLINK Common Stock were sold by the Trust.
(2) Price reported is based up on the average price of shares sold for this daily transaction.
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). SEC 1474 (7-97)
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 CONTROL NUMBER.
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FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
--------------------
Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
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7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Nature
lying Securities of of Deriv- ship of In-
(Instr. 3 and 4) Deriv- ative Form direct
ative Securi- of De- Bene-
Secur- ties rivative ficial
ity Bene- Secu- Own-
(Instr. ficially rity: ership
5) Owned Direct (Instr. 4)
at End (D) or
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
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Explanation of Responses:
/s/ C. James Judson 6/12/00
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**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Vice President
Note: File three copies of this Form, one of which must be manually signed.
If space 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 1474 (7-97)
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