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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 9(d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. 3)
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)
Stephen A. Garofalo
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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
44,166,112 (includes (i) presently
exercisable options to purchase
2,882,000 shares of Class A Common
Stock at a purchase price of $.24625
per share held by The Stephen A.
Garofalo 1999 Annuity Trust No. 1 for
which Mr. Garofalo acts as Trustee and
160,000 shares of Class A Common Stock
at a purchase price of $.24625 per
share held by The Stephen A. Garofalo
Annuity Trust No. 2 for which Mr.
Garofalo acts as Trustee and (ii)
406,689 shares of class A common stock
owned by The Garofalo Foundation,
Inc.).
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Number of 6 SHARED VOTING POWER
Shares 0
Beneficially --------------------------------------------------
Owned By 7 SOLE DISPOSITIVE POWER
Each 44,166,112 (includes (i) presently
Reporting exercisable options to purchase
Person with 2,882,000 shares of Class A Common
Stock at a purchase price of $.24625
per share held by The Stephen A.
Garofalo 1999 Annuity Trust No. 1 for
which Mr. Garofalo acts as Trustee and
160,000 shares of Class A Common Stock
at a purchase price of $.24625 per
share held by The Stephen A. Garofalo
Annuity Trust No. 2 for which Mr.
Garofalo acts as Trustee and (ii)
406,689 shares of class A common stock
owned by The Garofalo Foundation,
Inc.).
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,166,112 (includes (i) presently exercisable options to purchase
2,882,000 shares of Class A Common Stock at a purchase price of
$.24625 per share held by The Stephen A. Garofalo 1999 Annuity Trust
No. 1 for which Mr. Garofalo acts as Trustee and 160,000 shares of
Class A Common Stock at a purchase price of $.24625 per share held by
The Stephen A. Garofalo Annuity Trust No. 2 for which Mr. Garofalo
acts as Trustee and (ii) 406,689 shares of class A common stock owned
by The Garofalo Foundation, Inc.).
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.2%
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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 Page.
On November 17, 1999, DECS Trust VI completed a registered
offering of 10,000,000 DECS. DECS Trust VI, which is a
closed-end management investment company and not affiliated
with Metromedia Fiber Network, Inc. ("Metromedia Fiber"),
entered into prepaid forward contracts with Stephen A.
Garofalo, Metromedia Company, John W. Kluge and Stuart
Subotnick pursuant to which holders of the DECs may receive
cash and/or shares of Metromedia Fiber class A common stock
on or about November 15, 2002. Messrs. Garofalo, Kluge and
Subotnick and Metromedia Company remain the beneficial
owners of all shares of class A common stock that may be
delivered on November 15, 2002. The DECS were issued at
$39.4375 per DECS. On November 19, 1999, the underwriters
for that offering exercised the over-allotment option
granted to them under an underwriting agreement relating to
the DECS transactions and accordingly DECS Trust VI sold
1,500,000 additional DECS.
Also on November 17, 1999, certain stockholders of Metromedia
Fiber, including Mr. Garofalo, sold 4,895,000 shares of
Metromedia Fiber's class A common stock in an underwritten
public offering at $39.4375. Mr. Garofalo sold 1,560,000
shares of class A common stock 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. Garofalo, sold 734,250 additional
shares of class A common stock. Mr. Garofalo sold 173,400
shares of class A common stock in accordance with the exercise
of the over-allotment option.
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/ Stephen A. Garofalo
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Stephen A. Garofalo
Page 4 of 4
