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OMB APPROVAL
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OMB Number: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
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
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1. Name and Address of Reporting Person*
Time Warner Inc.
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(Last) (First) (Middle)
75 Rockefeller Plaza
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(Street)
New York, NY 10019
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
5/10/99
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Time Warner Telecom Inc. (TWTC)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
Class B Common Stock, 50,363,739 I (b)
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par value $.01 per share
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</TABLE>
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
5(b)(v).
Page 1 of 2
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Each share of
Class B Common
Stock is con-
vertible into
Class B Common Class A Common one share of
Stock, par value Stock, par value Class A Common
$.01 per share Immediately $.01 per share 50,363,739(a) Stock I (b)
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</TABLE>
Explanation of Responses: (a) In addition, solely as a result of an
agreement among Time Warner, MediaOne of Colorado, Inc., and Advance/Newhouse
Communications to vote their shares in favor of each others' directors
pursuant to a Stockholders Agreement dated as of May 10, 1999, Time Warner may
be deemed the beneficial owner of 15,313,342 shares of Class B Common Stock
owned by MediaOne of Colorado, Inc. and 15,572,919 shares of Class B Common
Stock owned by Advance/Newhouse Communications.
(b) The Class B Common Stock is held by the direct or indirect subsidiaries
of Time Warner Inc. listed on Schedule 1 hereto.
by: /s/ Ed Ruggiero 5/20/99
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**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 provided is insufficient. See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
Page 2 of 2
<PAGE>
SCHEDULE 1
Class B Common Stock of Time Warner Telecom Inc.
FibrCOM Holdings, LP 4,875,000
Time Warner Companies, Inc. 3,367,609
American Television and
Communications Corporation 15,469,415
Warner Communications Inc. 22,510,784
TW/TAE Inc. 3,367,609
Paragon Communications 773,322
(122795DTI)
