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FORM 4 OMB APPROVAL
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[X] CHECK THIS BOX IF NO OMB Number: 3235-0287
LONGER SUBJECT TO Expires: December 31, 2001
SECTION 16. FORM 4 Estimated average burden
OR FORM 5 OBLIGATIONS hours per response.... 0.5
MAY CONTINUE. SEE --------------------------
INSTRUCTION 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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<S> <C> <C> <C> <C> <C> <C>
(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)
Enron Corp. FirstWorld Communications, Inc. to Issuer (Check all applicable)
- --------------------------------------------- ---------------------------------------------- Director X 10% Owner
(Last) (First) (Middle) 3. IRS Identification 4. Statement for ---- ---
Number of Reporting Month/Year Officer (give Other (Specify
1400 Smith Street Person, if an entity 03/00 ---- title --- below)
- --------------------------------------------- (voluntary) ------------------- below)
(Street) 5. If Amendment,
Houston Texas 77002 Date of Original
- --------------------------------------------- -------------------- (Month/Year) --------------------------------
(City) (State) (Zip) 7. Individual or Joint/Group Filing
------------- (Check Applicable Line)
X Form filed by One Reporting
--- Person
Form filed by More than One
--- Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ ------------------------------------ Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr. 4)
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Series A Common Stock 3/3/00 S** 5,000,000 D $10.75 -0-
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Series B Common Stock 3/3/00 S** 3,236,083 D $10.75 -0-
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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 (3-99)
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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)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Warrants to Purchase Series $3.00 3/3/00 S** 236,083 Immed 04/13/05 Series B 236,083 $7.75
B Common Stock Common
Stock
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Warrants to Purchase Series $3.00 3/3/00 S** 5,000,000 Immed 12/30/04 Series B 5,000,000 $7.75
B Common Stock Common
Stock
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<CAPTION>
<S> <C> <C>
9. Number of 10. Ownership 11. Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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3,000,000 I ***
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-0-
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Explanation of Responses:
** This Form 4 reflects that effective as of February 29, 2000, Nina I, L.L.C.
was dissolved and its interests in (i) 4,347,361 shares of Series A Common
Stock, (ii) 3,236,083 shares of Series B Common Stock, and (iii) warrants to
purchase 8,236,083 shares of Series B Common Stock were distributed to Enron
North America Corp. ("ENA"), the sole member of Nina and a wholly owned
subsidiary of Enron Corp. This Form 4 also reflects that effective as of March
3, 2000, ENA sold its interests in the aforementioned securities (excluding
retained warrants to purchase 3,000,000 shares of Series B Common Stock) and ECT
Merchant Investments Corp. ("ECT") , a wholly owned subsidiary of ENA, sold its
interests in 725,574 shares of Series A Common Stock.
*** Effective as of March 6, 2000, ENA transferred its remaining interest in
warrants to purchase 3,000,000 shares of Series B Common Stock to ECT.
ENRON CORP.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. By:/s/ ANGUS H. DAVIS 03/10/00
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ----------------------------- --------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. Title: Vice President and
If space is insufficient, see Instruction 6 for procedure. Deputy Corporate Secretary
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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 Page 2
valid OMB number. SEC 1474 (7-96)
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