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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G/A
(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)
Metromedia Fiber Network, Inc.
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(Name of Issuer)
Class A Common Stock, par value $.01 per share
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(Title of Class of Securities)
591689104
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(CUSIP Number)
Arnold L. Wadler, Esq., c/o Metromedia Company,
One Meadowlands Plaza, East Rutherford, New Jersey 07073
(201) 531-8050
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 17, 1999
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(Date of Event Which Requires Filing of This Statement)
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)
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).
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CUSIP NO. 5916891014 13G/A Page 2 of 4 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Howard M. Finkelstein
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
9,458,000 (includes presently exercisable
options to acquire 9,408,000 shares of class A
common stock at $0.24625 per share, 20,000
shares of class A common stock owned by the
Howard and Susan Finkelstein Foundation, Inc.
NUMBER OF and 30,000 shares owned by members of Mr.
SHARES Finkelstein's immediate family)
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6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
9,458,000 (includes presently exercisable
options to acquire 9,408,000 shares of class A
common stock at $0.24625 per share, 20,000
PERSON WITH shares of class A common stock owned by the
Howard and Susan Finkelstein Foundation, Inc.
and 30,000 shares owned by members of Mr.
Finkelstein's immediate family)
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,458,000 (includes presently exercisable options to acquire
9,408,000 shares of class A common stock at $0.24625 per share,
20,000 shares of class A common stock owned by the Howard and Susan
Finkelstein Foundation, Inc. and 30,000 shares owned by members of
Mr. Finkelstein's immediate family)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.4%
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12 TYPE OF REPORTING PERSON*
IN
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ITEM 4. OWNERSHIP
See responses to Items 5,6,7,8,9, and 11 of Cover Pages.
On November 17, 1999, certain stockholders of Metromedia Fiber,
including Howard M. Finkelstein, sold 4,895,000 shares of Metromedia
Fiber's class A common stock in an underwritten public offering at
$39.4375. Mr. Finkelstein exercised options to purchase 2,400,000
shares of class A common stock and immediately sold such shares in the
underwritten public offering. On November 19, 1999, the underwriters
for that offering exercised the over-allotment option granted to them
under an underwriting agreement and accordingly the stockholders,
including Mr. Finkelstein, sold 734,250 additional shares of class A
common stock. Mr. Finkelstein sold 360,000 shares of class A common
stock in accordance with the exercise of the over-allotment option.
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
[X]
Page 3 of 4
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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 14, 2000
/s/ Howard M. Finkelstein
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Howard M. Finkelstein
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