SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 9
to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Global Crossing Ltd.
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(Name of Issuer)
Common Stock, par value $0.01
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(Title of Class of Securities)
G3921A100
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(CUSIP Number)
U S WEST, Inc.
1801 California Street
Denver, CO 80202
(303) 672-2700
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Copies to:
Dennis J. Block, Esq.
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY 10038
(212) 504-6000
Thomas O. McGimpsey, Esq.
U S WEST, Inc.
1801 California Street
Denver, CO 80202
(303) 672-2712
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 18, 1999
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box .
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*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
disclosures provided in a prior cover page.
The information required on 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 ("Act") 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).
CUSIP NO. G3921A100
<PAGE>
Page 3 of 6 Pages
<TABLE>
<CAPTION>
<S> <C>
- ------- ------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
U S WEST, Inc.
- ------- ------------------------------------------------------------------------
- ------- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a) (b)
- -------
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
BK, AF, WC, OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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- ----------------------- ------- --------------------------------------------------------------------------------------
7 SOLE VOTING POWER
37,028,229
NUMBER OF
------- --------------------------------------------------------------------------------------
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
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------- --------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 37,028,229
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------- --------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
- ----------------------- ------- --------------------------------------------------------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,028,229
- --------- ------------------------------------------------------------------------------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
- --------- ------------------------------------------------------------------------------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.549%
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- --------- ------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
HC, CO
- --------- ------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
U S WEST, Inc. hereby amends and supplements its Schedule 13D originally
filed as a Schedule 14D-1 and 13D on May 21, 1999 (the "Original Filing"), as
amended by its Schedule 14D-1 and 13D, Amendment No. 1, filed on May 24, 1999,
Amendment No. 2 filed on June 8, 1999, Amendment No. 3 filed on June 11, 1999,
Amendment No. 4 filed on June 18, 1999, Amendment No. 5 filed on June 18, 1999,
Amendment No. 6 filed on June 21, 1999, Amendment No. 7 filed on June 23, 1999,
and Amendment No. 8 filed on June 29, 1999 (together with the Original Filing,
the "Statement"). The Item numbers in this Schedule 13D do not correspond with
the Item numbers in the Statement, as the Statement was a joint Schedule 14D-1
and 13D, and this amendment is only to the Schedule 13D. Capitalized terms used
herein and not otherwise defined shall have the meaning assigned such terms in
the Statement.
Item 3. source and amount of funds or other consideration.
Item 4 of the Statement is hereby renumbered Item 3 of this 13D.
Item 4. Purpose of Transaction.
Item 5 of the Statement is hereby renumbered as Item 4 of this 13D and
amended by the addition of the following: On July 18, 1999 U S WEST, Inc. ("U S
WEST") and Qwest Communications International, Inc. ("Qwest") entered into an
Agreement and Plan of Merger (the "Qwest Merger Agreement"). Concurrently with
the execution of the Qwest Merger Agreement, U S WEST and the Company entered
into a Termination Agreement (the "Termination Agreement") terminating the
Agreement and Plan of Merger, dated as of May 16, 1999, between U S WEST and the
Company (the "Global Merger Agreement"). Pursuant to the Termination Agreement,
U S WEST agreed to, among other things, pay to the Company $140,000,000 and
2,231,076 shares of common stock of the Company.
Item 5. Interest in Securities of the Issuer.
Item 6 of the Statement is hereby renumbered as Item 5 of this 13D and
paragraphs (a) and (b) are hereby amended as follows: (a) According to the
Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 1999, as
of March 31, 1999, the Company had issued and outstanding 433,100,674 shares of
common stock. (b) U S WEST has the sole power to vote, or to direct the vote of,
37,028,229 shares of common stock, and shared power to vote, or to direct the
vote of, 0 shares of common stock; and sole power to dispose of, or to direct
the disposition of, 37,028,229 shares of common stock and shared power to
dispose of, or to direct the disposition of, 0 shares of common stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
Item 7 of the Statement is hereby renumbered as Item 6 to this Schedule 13D
and amended by the addition of the Termination Agreement as described in Item 4,
above, and the Amendment No. 1 to the Tender Offer and Purchase Agreement, filed
as Exhibit (c)(9) hereto.
Item 7. Material to Be Filed as Exhibits.
Item 11 of the Statement is hereby renumbered as Item 7 of this Schedule
13D and amended by the addition of the following exhibits:
(c)(8) Termination Agreement dated as of July 18, 1999 between Global
Crossing Ltd, and U S WEST, Inc.*
(c)(9) Amendment No. 1 to Tender Offer and Purchase Agreement dated as of
July 18, 1999 between Global Crossing Ltd, and U S WEST, Inc.**
* Incorporated by reference from Exhibit 10.2 to U S WEST's Form 8-K filed
with the SEC on July 21, 1999.
** Incorporated by reference from Exhibit 2-A.14 to U S WEST's Form 10-Q filed
with the SEC on August 10, 1999.
<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: August 13, 1999
U S WEST, Inc.
/s/ THOMAS O. McGIMPSEY
By: ___________________________
Thomas O. McGimpsey
Assistant Secretary
