SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
- --------------------------------------------------------------------------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)(1)
Metromedia Fiber Network, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
591689104
- --------------------------------------------------------------------------------
(CUSIP Number)
Arnold L. Wadler, Esq., c/o Metromedia Company,
One Meadowlands Plaza, East Rutherford, New Jersey 07073
(201) 531-8050
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
(Continued on following pages)
(Page 1 of 5 Pages)
- ----------
(1) 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 the disclosures provided in a prior cover page.
The information required in 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 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. 5916891014 13G Page 2 of 5 Pages
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Howard M. Finkelstein
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
Number of 5 SOLE VOTING POWER
Shares 6,099,000 (includes presently exercisable options to
Beneficially purchase 6,084,000 shares of Class A Common Stock at
Owned By $0.4925 per share and 15,000 shares of Class A Common
Each Stock owned by members of Mr. Finkelstein's family.)
Reporting --------------------------------------------------------------
Person with 6 SHARED VOTING POWER
0
--------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
6,099,000 (includes presently exercisable options to
purchase 6,084,000 shares of Class A Common Stock at
$0.4925 per share and 15,000 shares of Class A Common
Stock owned by members of Mr. Finkelstein's family)
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,099,000 (includes presently exercisable options to purchase
6,084,000 shares of Class A Common Stock at $0.4925 per share and
15,000 shares of Class A Common Stock owned by members of Mr.
Finkelstein's family)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.87%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer
Metromedia Fiber Network, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1 North Lexington Avenue, 4th Floor
White Plains, New York 10601
Item 2(a). Name of Person Filing
Howard M. Finkelstein
Item 2(b). Address of Principal Business officer or, If None, Residence:
1 North Lexington Avenue, 4th Floor
White Plains, New York 10601
Item 2(c). Citizenship
USA
Item 2(d). Title of Class of Securities:
Class A Common Stock, $.01 par value (including presently
exercisable options to purchase shares of Class A Common Stock at
$0.4925 per share.)
Item 2(e). CUSIP Number:
591689 10 4
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Exchange
Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Act.
(c) |_| Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) |_| Investment company registered under Section 8 of the
Investment Company Act.
(e) |_| Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) |_| Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; See SS. 240.13D-1(B)(1)(II)(F)
(g) |_| Parent Holding Company, in accordance with SS.
240.13D-1(B)(II)(G) (Note: see item 7)
Page 3 of 5
<PAGE>
(h) |_| Group, in accordance with SS. 240.13D-1(BB)(1)(II)(H)
Item 4. Ownership
See responses to Items 5,6,7,8,9, and 11 of Cover Pages.
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 five percent of the class of securities, check
the following [ ]
Item 6. Ownership of more than five percent on behalf of another person
Members of Mr. Finkelstein's family have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from
the sale of 15,000 shares of Class A Common Stock.
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
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purposes or
effect.
Page 4 of 5
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 9, 1999
/s/ Howard M. Finkelstein
-------------------------
Howard M. Finkelstein
Page 5 of 5
