SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
US LEC CORP.
- --------------------------------------------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
90331S 10 9
- --------------------------------------------------------------------------------
(CUSIP Number)
DECEMBER 31, 1998
- --------------------------------------------------------------------------------
(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)
<PAGE>
CUSIP No. 90331S 10 9
- --------------------------------------------------------------------------------
1. Name of Reporting Person / S.S. or I.R.S. Identification No. of Above
Persons:
Michael K. Simmons
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of Shares 5. Sole Voting Power 567,000
---------------------------------------------
Beneficially Owned by 6. Shared Voting Power
---------------------------------------------
Each Reporting 7. Sole Dispositive Power 567,000
---------------------------------------------
Person With 8. Shared Dispositive Power
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
567,000
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.5%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
IN
- --------------------------------------------------------------------------------
<PAGE>
ITEM 1(A) NAME OF ISSUER:
US LEC Corp.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Transamerica Square
401 North Tryon Street, Suite 1000
Charlotte, North Carolina 28202
ITEM 2(A) NAME OF PERSON FILING:
Michael K. Simmons
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Transamerica Square
401 North Tryon Street, Suite 1000
Charlotte, North Carolina 28202
ITEM 2(C) CITIZENSHIP:
United States
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
Class A Common
Stock
ITEM 2(E) CUSIP NUMBER:
90331S 10 9
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under Section 15 of the 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 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 Rule 13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
<PAGE>
ITEM 4. OWNERSHIP
(a) Amount beneficially owned: 567,000
(b) Percent of Class: 5.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 567,000
(ii) shared power to vote or to direct the vote:
(iii) sole power to dispose or to direct the disposition of: 567,000
(iv) shared power to dispose or to direct the disposition of:
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
Not Applicable
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
Not Applicable
<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 7, 1999 /s/ Michael K. Simmons
------------------------------
Michael K. Simmons
