SAVVIS COMMUNICATIONS CORP
S-1/A, 2000-02-07
BUSINESS SERVICES, NEC
Previous: FORTIS INC /NV/, 13F-NT, 2000-02-07
Next: THISTLE GROUP HOLDINGS CO, SC 13G/A, 2000-02-07




<PAGE>


   AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON FEBRUARY 7, 2000
                                                     REGISTRATION NO. 333-90881

- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
                      SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549
                              ------------------

                                AMENDMENT NO. 7
                                      TO
                                   FORM S-1
                            REGISTRATION STATEMENT
                                     UNDER
                          THE SECURITIES ACT OF 1933

                              ------------------
                       SAVVIS COMMUNICATIONS CORPORATION
            (Exact name of registrant as specified in its charter)


<TABLE>
<S>                                   <C>                              <C>
                DELAWARE                          6719                       43-1809960
  (State or other jurisdiction of     (Primary Standard Industrial        (I.R.S. Employer
  incorporation or organization)       Classification Code Number)     Identification Number)

</TABLE>

                              ------------------
                       SAVVIS COMMUNICATIONS CORPORATION
                          12007 SUNRISE VALLEY DRIVE
                               RESTON, VA 20191
                                (703) 453-7500
       (Address, including zip code, and telephone number, including area
              code, of registrant's principal executive offices)
                              ------------------
                            STEVEN M. GALLANT, ESQ.
                 VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY
                       SAVVIS COMMUNICATIONS CORPORATION
                          12007 SUNRISE VALLEY DRIVE
                               RESTON, VA 20191
                                (703) 453-7500
(Name,  address,  including zip code, and telephone number, including area code,
                             of agent for service)
                              ------------------
                                  Copies to:


<TABLE>
<S>                               <C>
  CHRISTINE M. PALLARES, ESQ.                ANDREW R. SCHLEIDER, ESQ.
    HOGAN & HARTSON L.L.P.                     SHEARMAN & STERLING
        885 THIRD AVENUE                      599 LEXINGTON AVENUE
       NEW YORK, NY 10022                       NEW YORK, NY 10022
          (212) 409-9800                         (212) 848-4000
</TABLE>

                              ------------------
     APPROXIMATE  DATE  OF  COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon
as practicable after this registration statement becomes effective.
     If  any  of  the securities being registered on this form are to be offered
on  a  delayed or continuous basis pursuant to Rule 415 under the Securities Act
of 1933, check the following box. [ ]
     If  this  form  is  filed to register additional securities for an offering
pursuant  to  Rule  462(b) under the Securities Act, check the following box and
list  the  Securities Act registration statement number of the earlier effective
registration statement for the same offering. [ ]
     If  this  form  is a post-effective amendment filed pursuant to Rule 462(c)
under  the  Securities  Act, check the following box and list the Securities Act
registration  statement  number  of the earlier effective registration statement
for the same offering. [ ]
     If  this  form  is a post-effective amendment filed pursuant to Rule 462(d)
under  the  Securities  Act, check the following box and list the Securities Act
registration  statement  number  of the earlier effective registration statement
for the same offering. [ ]

     If  delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. [ ]

(1) The  amount  of  the securities registered includes any securities which the
    underwriters have options of purchasing to cover over-allotments.

(2) Estimated  solely  for  the  purpose  of  determining  the  registration fee
pursuant to Rule 457(a) under the Securities Act of 1933.  (3) Includes  $32,137
paid  herewith  and  includes $20,850 paid on November 12, 1999 and $77,094 paid
on December 30, 1999.
                              ------------------
     THE  REGISTRANT  HEREBY  AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR
DATES  AS  MAY  BE  NECESSARY  TO  DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT
SHALL  FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION
STATEMENT  SHALL  THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF
THE  SECURITIES  ACT  OF  1933, OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME
EFFECTIVE  ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(A),
MAY DETERMINE.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>


                                EXPLANATORY NOTE

     This  registration  statement  contains  a  supplement  to the  preliminary
prospectus dated January 31, 2000. The supplement to the preliminary  prospectus
will  be  distributed  to  investors  outside  the  United  States  and  Canada.
Subsequent to this filing,  the information  contained in the supplement will be
incorporated  in the  prospectus  contained in an amendment to the  registration
statement.

<PAGE>


                              SUBJECT TO COMPLETION
          SUPPLEMENT DATED FEBRUARY 7, 2000 TO PRELIMINARY PROSPECTUS
                             DATED JANUARY 31, 2000


P R O S P E C T U S  S U P P L E M E N T
- ----------------------------------------



                               17,000,000 SHARES

[GRAPHIC OMITTED]


                       SAVVIS COMMUNICATIONS CORPORATION


                                  COMMON STOCK



                                ---------------
     This  prospectus supplement supplements the attached preliminary prospectus
relating  to  SAVVIS  Communications  Corporation's  initial  public offering of
common  stock.  SAVVIS  Communications  Corporation is selling 14,875,000 shares
and  Bridge Information Systems, Inc., currently a 69% stockholder of SAVVIS, is
selling 2,125,000 shares.



     INVESTING  IN  THE  COMMON  STOCK  INVOLVES RISKS THAT ARE DESCRIBED IN THE
"RISK  FACTORS"  SECTION  BEGINNING  ON  PAGE  10  OF  THE  ATTACHED PRELIMINARY
PROSPECTUS.


     Neither  the  Securities  and  Exchange Commission nor any state securities
commission  has  approved  or  disapproved  of these securities or determined if
this  prospectus  is truthful or complete. Any representation to the contrary is
a criminal offense.


                                ---------------
                          Joint Book-Running Managers


MERRILL LYNCH & CO.                                  MORGAN STANLEY DEAN WITTER
                                ---------------
                            BEAR, STEARNS & CO. INC.
                                ---------------
BANC OF AMERICA SECURITIES LLC
                                                              CIBC WORLD MARKETS
                                ---------------


The  information  in  this prospectus is not complete and may be changed. We may
not  sell  these  securities  until  the  registration  statement filed with the
Securities  and  Exchange  Commission  is  effective.  This prospectus is not an
offer  to  sell  these securities and it is not soliciting an offer to buy these
securities in any state where the offer or sale is not permitted.

<PAGE>


                                  UNDERWRITING


UK SELLING RESTRICTIONS

     Each underwriter has agreed that

   o it  has  not offered or sold and, prior to the expiration of the period six
     months  from the closing of the offering, will not offer or sell any shares
     of  common  stock  of  SAVVIS  to  persons in the United Kingdom, except to
     persons  whose  ordinary  activities  involve  them  in acquiring, holding,
     managing  or  disposing  of  investments,  as  principal  or agent, for the
     purposes  of  their  businesses  or otherwise in circumstances which do not
     constitute  an offer to the public in the United Kingdom within the meaning
     of the Public Offers of Securities Regulations 1995;

   o it  has  complied  and  will  comply  with all applicable provisions of the
     Financial  Services  Act  1986  with  respect  to  anything  done  by it in
     relation  to  the  common  stock in, from or otherwise involving the United
     Kingdom; and

   o it  has  only  issued  or  passed  on and will only issue or pass on in the
     United  Kingdom any document received by it in connection with the issuance
     of  common stock to a person who is of a kind described in Article 11(3) of
     the  Financial  Services  Act 1986 (Investment Advertisements) (Exemptions)
     Order  1996  as  amended or is a person to whom such document may otherwise
     lawfully be issued or passed on.


NO PUBLIC OFFERING OUTSIDE THE UNITED STATES

     No  action  has  been  or  will  be taken in any jurisdiction except in the
United  States  that  would  permit  a  public  offering of the shares of common
stock,  or the possession, circulation or distribution of this prospectus or any
other  material  relating  to  our  company or shares of our common stock in any
jurisdiction  where action for that purpose is required. Accordingly, the shares
of  our  common  stock  may  not be offered or sold, directly or indirectly, and
neither  this  prospectus  nor  any other offering material or advertisements in
connection  with  the shares of common stock may be distributed or published, in
or  from  any  country  or jurisdiction except in compliance with any applicable
rules and regulations of any such country or jurisdiction.

     Purchasers  of the shares offered by this prospectus may be required to pay
stamp  taxes  and other charges in accordance with the laws and practices of the
country  of purchase in addition to the offering price on the cover page of this
prospectus.



                                      S-1
<PAGE>


                       UNITED STATES TAX CONSEQUENCES TO
                        NON-U.S. HOLDERS OF COMMON STOCK


GENERAL

     The  following is a general discussion of the principal U.S. federal income
and  estate  tax  consequences  of  the  ownership and disposition of our common
stock  that may be relevant to you if you are a non-U.S. Holder. For purposes of
this  discussion,  you  are  a  non-U.S. holder if you are a beneficial owner of
common  stock that is any of the following for U.S. federal income tax purposes:


     o a nonresident alien individual;

     o a foreign corporation;

     o a foreign estate or trust; or

     o a foreign partnership.

     This  discussion  does  not  address all aspects of U.S. federal income and
estate  taxation  that  may  be  relevant  to  you  in  light of your particular
circumstances,   and   does   not  address  any  foreign,  state  or  local  tax
consequences.  Furthermore,  this  discussion  is  based  on  provisions  of the
Internal  Revenue  Code,  Treasury  regulations  and administrative and judicial
interpretations  as  of the date of this prospectus. All of these are subject to
change,  possibly  with retroactive effect, or different interpretations. If you
are  considering buying our common stock you should consult your own tax advisor
about  current  and possible future tax consequences of holding and disposing of
our common stock in your particular situation.


DISTRIBUTIONS


     We  have  not  paid  any dividends on our common stock and do not intend to
pay  dividends  in  the  foreseeable  future. See "Dividend Policy." However, if
dividends  are  paid  on  the  shares  of  our common stock, these distributions
generally  will constitute dividends for U.S. federal income tax purposes to the
extent  paid from our current or accumulated earnings and profits, as determined
under  U.S.  federal  income  tax  principles. To the extent these distributions
exceed  those  earnings  and profits, the distributions will constitute a return
of  capital  that  is applied against, and will reduce, your basis in the common
stock,  but  not  below  zero, and then will be treated as gain from the sale of
stock.  Dividends  paid  to a non-U.S. holder that are not effectively connected
with  a  U.S. trade or business of the non-U.S. holder will be subject to United
States  withholding  tax at a 30% rate or, if a tax treaty applies, a lower rate
specified  by  the  treaty.  To receive a reduced treaty rate, a non-U.S. holder
must  furnish  to  us  or  our  paying  agent a duly completed Form 1001 or Form
W-8BEN  or substitute form certifying to its qualification for the reduced rate.




     Currently,  withholding  is  generally  imposed  on  the  gross amount of a
distribution,  regardless  of whether we have sufficient earnings and profits to
cause  the  distribution  to be a dividend for U.S. federal income tax purposes.
However,  withholding  on  distributions  made after December 31, 2000 may be on
less  than  the  gross  amount of the distribution if the distribution exceeds a
reasonable  estimate  made  by  us  of  our accumulated and current earnings and
profits.


     Dividends  that  are  effectively  connected with the conduct of a trade or
business  within  the  U.S.  and, if a tax treaty applies, are attributable to a
U.S.  permanent  establishment  of  the  non-U.S.  holder,  are exempt from U.S.
federal  withholding  tax,  provided that the non-U.S. holder furnishes to us or
our  paying  agent  a duly completed Form 4224 or Form W-8BCI or substitute form
certifying  the  exemption.  However,  dividends  exempt  from  U.S. withholding
because  they  are  effectively  connected  or  they  are attributable to a U.S.
permanent  establishment  are subject to U.S. federal income tax on a net income
basis  at  the  regular  graduated  U.S.  federal  income  tax  rates.  Any such
effectively  connected  dividends  received  by  a  foreign  corporation  may be
subject  to  an  additional  "branch  profits tax" at a 30% rate or a lower rate
specified by an applicable income tax treaty.


                                      S-2
<PAGE>

     Under  current  U.S. Treasury regulations, dividends paid before January 1,
2001  to  an  address  outside  the  United  States are presumed to be paid to a
resident  of  the  country  of address for purposes of the withholding discussed
above  and  for  purposes of determining the applicability of a tax treaty rate.
However,  U.S.  Treasury regulations applicable to dividends paid after December
31,  2000  eliminate  this  presumption,  subject  to  transition  rules,  and a
non-U.S.  holder  who  wishes to claim the benefit of an applicable treaty rate,
and  avoid back-up withholding, as discussed below, would be required to satisfy
applicable certification and other requirements.


     For  dividends  paid  after  December 31, 2000, a non-U.S. holder generally
will  be  subject  to U.S. backup withholding tax at a 31% rate under the backup
withholding  rules  described below, rather than at a 30% rate or a reduced rate
under  an  income  tax  treaty,  as  described above, unless the non-U.S. holder
complies  with Internal Revenue Service certification procedures or, in the case
of  payments  made  outside  the  U.S.  with  respect  to  an  offshore account,
documentary  evidence  procedures.  Further,  to  claim the benefit of a reduced
rate  of  withholding  under  a tax treaty for dividends paid after December 31,
2000,   a   non-U.S.   holder   must  comply  with  modified  IRS  certification
requirements.  Special rules also apply to dividend payments made after December
31,  2000  to foreign intermediaries, U.S. or foreign wholly owned entities that
are  disregarded  for  U.S.  federal  income  tax purposes and entities that are
treated  as  fiscally  transparent in the U.S., the applicable income tax treaty
jurisdiction,  or  both.  You should consult your own tax advisor concerning the
effect,  if any, of the rules affecting post-December 31, 2000 dividends on your
possible investment in our common stock.


     A  non-U.S.  holder  eligible  for  a  reduced rate of U.S. withholding tax
under  an  income  tax treaty may obtain a refund of any excess amounts withheld
by  filing  an  appropriate claim for refund along with the required information
with the IRS.


GAIN ON DISPOSITION OF COMMON STOCK


     A  non-U.S. holder generally will not be subject to U.S. federal income tax
with  respect  to  gain  recognized on a sale or other disposition of our common
stock unless one of the following applies:


   o If  the  gain  is  effectively  connected  with  a trade or business of the
      non-U.S.  holder  in  the  United States and, if a tax treaty applies, the
      gain  is  attributable to a U.S. permanent establishment maintained by the
      non-U.S.  holder,  the  non-U.S.  holder will, unless an applicable treaty
      provides  otherwise,  be taxed on its net gain derived from the sale under
      regular  graduated  U.S.  federal income tax rates. If the non-U.S. holder
      is  a  foreign  corporation,  it  may  be  subject to an additional branch
      profits  tax  equal  to  30%  of  its  effectively  connected earnings and
      profits  within  the  meaning of the Internal Revenue Code for the taxable
      year,  as  adjusted  for  specified items, unless it qualifies for a lower
      rate  under  an applicable income tax treaty and duly demonstrates that it
      qualifies.


   o If  a  non-U.S. holder who is an individual and holds our common stock as a
      capital  asset is present in the United States for 183 or more days in the
      taxable  year  of  the sale or other disposition, and other conditions are
      met,  the  non-U.S.  holder  will be subject to a flat 30% tax on the gain
      derived from the sale, which may be offset by U.S. capital losses.


   o If  we  are  or  have  been  a "U.S. real property holding corporation" for
      U.S.  federal  income  tax  purposes at any time during the shorter of the
      five-year  period  ending  on  the  date  of the disposition or the period
      during  which  the  non-U.S.  holder  held  the common stock, the non-U.S.
      holder  may  be  taxable in the U.S. on gain from the sale of common stock
      pursuant  to  the  effectively  connected  rules above. We believe that we
      never  have  been  and  are  not  currently  a  U.S. real property holding
      corporation  for U.S. federal income tax purposes. Although we consider it
      unlikely  based  on  our  current  business  plans  and operations, we may
      become  a U.S. real property holding corporation in the future. Even if we
      were  to  become  a  U.S.  real  property  holding  corporation,  any gain
      recognized  by a non-U.S. holder still would not be subject to U.S. tax if
      the shares of our common stock are considered to be "regularly


                                      S-3
<PAGE>

      traded  on  an  established securities market" and the non-U.S. holder did
      not  own,  actually  or  constructively, at any time during the shorter of
      the periods described above, more than five percent of our common stock.


FEDERAL ESTATE TAX

     Common  stock  owned  by an individual who is not a citizen or resident, as
defined  for U.S. estate tax purposes, of the United States at the time of death
will  be  included in that individual's gross estate for U.S. federal estate tax
purposes, unless an applicable estate tax treaty provides otherwise.


INFORMATION REPORTING AND BACKUP WITHHOLDING TAX

     Under  U.S. Treasury regulations, we must report annually to the IRS and to
each  non-U.S.  holder  the  amount of dividends paid to that holder and the tax
withheld   with   respect   to  those  dividends.  These  information  reporting
requirements  apply  even  if withholding was not required because the dividends
were  effectively  connected  dividends or withholding was reduced or eliminated
by  an  applicable income tax treaty. Pursuant to an applicable tax treaty, that
information  may also be made available to the tax authorities in the country in
which the non-U.S. holder resides.

     United  States  federal  backup  withholding generally is a withholding tax
imposed  at  the  rate  of  31%  on  specified  payments to persons that fail to
furnish  required information under the U.S. information reporting requirements.
See  the  discussion  under  "--Distributions"  above for rules regarding backup
withholding on dividends paid to non-U.S. holders, after December 31, 2000.

     As  a general matter, information reporting and backup withholding will not
apply  to  a  payment  by or through a foreign office of a foreign broker of the
proceeds  of  a  sale  of  our  common  stock effected outside the U.S. However,
information  reporting requirements, but not backup withholding, will apply to a
payment  by or through a foreign office of a broker of the proceeds of a sale of
our common stock effected outside the U.S. if that broker:

     o is a U.S. person;

     o is  a  foreign  person  that  derives  50%  or more of its gross income
for specified periods from the conduct of a trade or business in the U.S.;

     o is  a "controlled foreign corporation" as defined in the Internal Revenue
Code; or

     o is  a  foreign  partnership  with  specified U.S. connections, for
payments made after December 31, 2000.

     Information  reporting  requirements  will  not apply in the above cases if
the  broker has documentary evidence in its records that the beneficial owner is
a  non-U.S.  holder  and  specified  conditions  are met or the beneficial owner
otherwise establishes an exemption.

     Payment  by  or through a U.S. office of a broker of the proceeds of a sale
of  our  common  stock  is  subject  to  both backup withholding and information
reporting  unless the holder certifies to the payor in the manner required as to
its  non-U.S.  status  under  penalties  of  perjury or otherwise establishes an
exemption.

     Amounts  withheld  under  the  backup withholding rules do not constitute a
separate  U.S. federal income tax. Rather, any amounts withheld under the backup
withholding  rules  will be refunded or allowed as a credit against the holder's
U.S.  federal income tax liability, if any, provided the required information or
appropriate claim for refund is filed with the IRS.

     THE  FOREGOING DISCUSSION IS A SUMMARY OF THE PRINCIPAL TAX CONSEQUENCES OF
THE  OWNERSHIP,  SALE  OR  OTHER  DISPOSITION  OF  OUR  COMMON STOCK BY NON-U.S.
HOLDERS  FOR  U.S.  FEDERAL  INCOME  AND  ESTATE  TAX PURPOSES. YOU ARE URGED TO
CONSULT  YOUR OWN TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO
YOU  OF  OWNERSHIP  AND DISPOSITION OF OUR COMMON STOCK, INCLUDING THE EFFECT OF
ANY STATE, LOCAL, FOREIGN OR OTHER TAX LAWS.


                                      S-4
<PAGE>

                                    PART II


                     INFORMATION NOT REQUIRED IN PROSPECTUS


ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

     The  following  table  sets  forth  all  fees  and expenses, other than the
underwriting  discounts and commissions, payable by the Registrant in connection
with  the  sale  of  the  common  stock  being registered. All amounts shown are
estimates except for the SEC registration fee and the NASD filing fee.





<TABLE>
<CAPTION>
                                                           AMOUNT
                                                       -------------
<S>                                                    <C>
       SEC registration fee ........................    $  130,081
       NASD filing fee .............................        30,500
       Nasdaq National Market listing fee ..........        95,000
       Blue sky fees and expenses ..................        10,000
       Accounting fees and expenses ................       575,000
       Legal fees and expenses .....................       600,000
       Printing and engraving expenses .............       500,000
       Transfer agent fees and expenses ............         3,500
       Miscellaneous expenses ......................       305,919
                                                        ----------
          Total ....................................    $2,250,000
                                                        ==========

</TABLE>

ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS

     Under  Section  145  of the Delaware General Corporation Law, a corporation
may  indemnify  its  directors,  officers,  employees  and agents and its former
directors,   officers,  employees  and  agents  and  those  who  serve,  at  the
corporation's  request,  in  such  capacities  with  another enterprise, against
expenses   (including   attorneys'  fees),  as  well  as  judgments,  fines  and
settlements  in  nonderivative  lawsuits,  actually  and  reasonably incurred in
connection  with  the defense of any action, suit or proceeding in which they or
any  of  them  were  or are made parties or are threatened to be made parties by
reason  of their serving or having served in such capacity. The Delaware General
Corporation  Law  provides,  however,  that  such person must have acted in good
faith  and  in a manner such person reasonably believed to be in (or not opposed
to)  the  best  interests  of  the  corporation  and,  in the case of a criminal
action,  such  person  must  have  had no reasonable cause to believe his or her
conduct  was  unlawful.  In  addition, the Delaware General Corporation Law does
not  permit  indemnification  in  an  action  or  suit by or in the right of the
corporation,  where  such  person  has  been adjudged liable to the corporation,
unless,  and only to the extent that, a court determines that such person fairly
and  reasonably  is  entitled  to  indemnity for costs the court deems proper in
light  of  liability  adjudication.  Indemnity is mandatory to the extent that a
claim, issue or matter has been successfully defended.

     The  Registrant's  Amended  and  Restated  Certificate of Incorporation, as
amended  (the  "Certificate")  contains  provisions  that  no  director  of  the
Registrant  shall  be  liable for breach of fiduciary duty as a director, except
for  (1)  any  breach of the director's duty of loyalty to the Registrant or its
stockholders;  (2)  acts  or  omissions  not  in  good  faith  or  which involve
intentional  misconduct  or  a knowing violation of the law; (3) liability under
Section  174  of  the  Delaware  General Corporation Law; or (4) any transaction
from   which   the   director   derived   an   improper  personal  benefit.  The
indemnification  provided  under  the  Certificate includes the right to be paid
expenses  in  advance  of  any  proceeding for which indemnification may be had,
provided  that  the director or officer undertakes to repay such amount if it is
determined that the director or officer is not entitled to indemnification.


ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES

     Since  the  Registrant's formation on March 3, 1998, it has issued and sold
the securities described below in the following unregistered transactions:


                                      II-1
<PAGE>

       (1) On  March  4,  1998, in connection with its formation, the Registrant
           issued  63,488,349  shares of its common stock in exchange for all of
           the  outstanding common stock of SAVVIS Communications Corporation, a
           Missouri  corporation  ("SCC"), in connection with the reorganization
           of  SCC  and  SAVVIS  Communications  Enterprises, L.L.C., a Missouri
           limited  liability company (the "LLC"). These issuances were effected
           in  reliance  on the exemptions from registration provided by Section
           4(2) of the Securities Act.


       (2) Between  March  and  July  1998, in a series of related transactions,
           the  Registrant  sold  to  First  Union  Capital  Partners, Inc., BCI
           Growth  IV, L.P. and R-H Capital Partners, L.P. a total of 18,226,228
           shares  of  its  Series C Redeemable Preferred Stock for $18,226,228;
           to  J.P.  Morgan  Investment  Corporation  and Sixty Wall Street SBIC
           Fund,  L.P.  a  total  of 8,000,000 shares of its Series C Redeemable
           Preferred  Stock  for  $8,000,000;  and to the holders of convertible
           promissory  notes  of  SCC and the LLC a total of 3,773,772 shares of
           its  Series  C  Redeemable  Preferred  Stock  in exchange for all the
           outstanding  notes. The Registrant issued to these investors warrants
           to  purchase up to a total of 408,362,922 shares of its common stock,
           at  an exercise price below $.01 per share. These sales were effected
           in  reliance  on the exemptions from registration provided by Section
           4(2) of the Securities Act.


       (3) On  March 4, 1998, the Registrant issued 502,410 shares of its Series
           A  Convertible Preferred Stock in exchange for all of the outstanding
           shares  of  SCC's  Series A Convertible Preferred Stock. In addition,
           the  Registrant  issued  warrants  to purchase up to 15,000 shares of
           its  Series  A  Convertible  Preferred  Stock at an exercise price of
           $10.64  per  share  in  exchange  for  warrants  to purchase an equal
           amount  of  shares of SCC's Series A Convertible Preferred Stock, and
           warrants  to  purchase up to 13,799,812 shares of its common stock at
           an  exercise  price  of  $.10  per  share in exchange for warrants to
           purchase  an  equal  amount  of  shares  of SCC's common stock. These
           issuances   were   effected   in   reliance  on  the  exemption  from
           registration provided by Section 4(2) of the Securities Act.


       (4) On  March  4,  1998,  the  Registrant  issued 5,649,241 shares of its
           Series  B Convertible Preferred Stock in exchange for an equal amount
           of  Class  B  shares  of  the  LLC.  These issuances were effected in
           reliance  on the exemption from registration provided by Section 4(2)
           of the Securities Act.


       (5) On  March  4,  1998,  the  Registrant issued 28,789,781 shares of its
           common   stock   in   exchange  for  the  outstanding  securities  of
           Interconnected  Associates,  Inc.  These  issuances weres effected in
           reliance  on the exemption from registration provided by Section 4(2)
           of the Securities Act.


       (6) Between  May  1998  and  March 1999, the Registrant issued options to
           purchase  a total of 61,681,951 shares of its common stock to a total
           of  177  employees,  at exercise prices ranging from $.01 to $.03 per
           share.  These  options were granted under the Registrant's 1998 Stock
           Option  Plan.  These  issuances  were  effected  in  reliance  on the
           exemption  from  registration  provided by Rule 701 promulgated under
           Section 3(b) of the Securities Act.


       (7) Between  July  and  December  1999, the Registrant granted options to
           purchase  3,639,000  shares  of  the Registrant's common stock to 121
           employees  of  Bridge  Information  Systems,  Inc.  ("Bridge")  at an
           exercise   price  of  $.50  per  share.  In  that  same  period,  the
           Registrant  granted options to purchase up to 2,300,008 shares of its
           common  stock to 92 of its employees at an exercise price of $.50 per
           share.   All   of   these   options  were  granted  pursuant  to  the
           Registrant's  1999 Stock Option Plan. In October 1999, the Registrant
           granted  to  its  employees  the right to convert options to purchase
           236,882  shares  of  common  stock of Bridge into options to purchase
           236,882 shares of common stock of the


                                      II-2
<PAGE>

          Registrant  at  an  exercise  price of $.50 per share. These issuances
          were  effected in reliance on the exemption from registration provided
          by Rule 701 promulgated under Section 3(b) of the Securities Act.


       (8) During  1998  and 1999, Registrant issued 92,565 shares of its common
           stock  pursuant to the exercise of stock options by its employees for
           an   aggregate  purchase  price  of  $36,100.  These  issuances  were
           effected  in  reliance on the exemption from registration provided by
           Rule 701 promulgated under Section 3(b) of the Securities Act.


          Each  of the foregoing transactions was effected without the use of an
          underwriter.


ITEM 16. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES





<TABLE>
<CAPTION>
   NUMBER     EXHIBIT DESCRIPTION
- -----------   -----------------------------------------------------------------------------------------------
<S>           <C>
   1.1*       Form of Underwriting Agreement
  3.1* *      Amended and Restated Certificate of Incorporation of the Registrant
  3.2* *      Certificate of Amendment to Amended and Restated Certificate of Incorporation of the
              Registrant
  3.3* *      Amended and Restated Bylaws of the Registrant
  4.1* *      Form of Common Stock Certificate
  5.1*        Opinion of Hogan & Hartson L.L.P. as to the validity of the shares being offered
 10.1* *      1999 Stock Option Plan
 10.2* *      Form of Incentive Stock Option Agreement under the 1999 Stock Option Plan
 10.3* *      Form of Incentive Stock Option Agreement under the 1999 Stock Option Plan
 10.4* *      Form of Non-Qualified Stock Option Agreement under the 1999 Stock Option Plan
 10.5* *      Amended and Restated Agreement and Plan of Merger, dated February 19, 1999, among the
              Registrant, SAVVIS Acquisition Corp. and Bridge Information Systems, Inc.
 10.6* *      Employment Agreement, dated December 4, 1998, between the Registrant and Clyde A.
              Heintzelman
 10.7* *      Letter Agreement, dated November 12, 1999, between the Registrant and Clyde A.
              Heintzelman
 10.8* *      Employment Agreement, dated December 20, 1999, between the Registrant and Jack M.
              Finlayson
 10.9* *      Letter Agreement, dated June 14, 1999, between the Registrant and David J. Frear
 10.10**      Letter Agreement, dated September 30, 1999, between the Registrant and James D. Mori
 10.11**      Form of Master Establishment and Transition Agreement between the Registrant and Bridge
              Information Systems, Inc., including as Exhibit B a Form of Administrative Services Agreement,
              as Exhibit E a Form of Local Contract of Assignment and Assumption, as Exhibit F a Form of
              Local Asset Transfer Agreement, as Exhibit H a Form of Equipment Colocation Permit, as
              Exhibit I a Form of Promissory Note, as Exhibit J a Form of Call Asset Transfer Agreement and
              as Exhibit K the Sublease Agreement.
</TABLE>


                                      II-3
<PAGE>



<TABLE>
<CAPTION>
     NUMBER       EXHIBIT DESCRIPTION
- ---------------   -----------------------------------------------------------------------------------------
<S>               <C>
 10.12 +**        Form of Network Services Agreement between SAVVIS Communications Corporation and
                  Bridge Information Systems, Inc.
 10.13 +**        Form of Technical Services Agreement between SAVVIS Communications Corporation and
                  Bridge Information Systems, Inc.
  10.14**         Managed Network Agreement, dated January 31, 1995, between Sprint Communications
                  Company L.P. and Bridge Data Company
  10.15**         Amendment One to the Managed Network Agreement, dated August 23, 1995, between
                  Sprint Communications Company L.P. and Bridge Data Company
  10.16**         Amendment Two to the Managed Network Agreement, dated August 16, 1995, between
                  Sprint Communications Company L.P. and Bridge Data Company
 10.17 +**        Amendment Three to the Managed Network Agreement, dated March 1, 1996, between
                  Sprint Communications Company L.P. and Bridge Data Company
 10.18 +**        Amendment Four to the Managed Network Agreement, dated July 29, 1996, between Sprint
                  Communications Company L.P. and Bridge Data Company
 10.19 +**        Amendment Five to the Managed Network Agreement, dated December 5, 1996, between
                  Sprint Communications Company L.P. and Bridge Data Company
 10.20 +**        Amendment Six to the Managed Network Agreement, dated May 23, 1997, between Sprint
                  Communications Company L.P. and Bridge Data Company
 10.21 +**        Amendment Seven to the Managed Network Agreement, dated August 28, 1998, between
                  Sprint Communications Company L.P. and Bridge Data Company
 10.22 +**        Service Agreement, dated August 15, 1996, between the Registrant and IXC Carrier, Inc.
 10.23 +**        Amendment No. 1 to the Service Agreement, dated October 22, 1996, between the Registrant
                  and IXC Carrier, Inc.
 10.24 +**        Master Internet Services Agreement, effective June 4, 1999, between the Registrant and
                  UUNET Technologies, Inc.
 10.25 +**        InternetMCI Dedicated Access Agreement, dated April 16, 1998, between the Registrant and
                  networkMCI, Inc.
   16.1* *        Letter Re Change in Certifying Accountant
   21.1* *        Subsidiaries of the Registrant
   23.1* *        Consent of Deloitte & Touche LLP
   23.2* *        Consent of Ernst & Young LLP
   23.3*          Consent of Hogan & Hartson L.L.P. (included in Exhibit 5.1)
   24.1* *        Power of attorney (included in the signature page to this registration statement)
   27.1* *        Financial Data Schedule
</TABLE>


- ------------------
 * To be filed by amendment.
** Previously filed.
 + Request for Confidential Treatment

                                      II-4
<PAGE>

ITEM 17. UNDERTAKINGS

     The   undersigned   registrant   hereby   undertakes   to  provide  to  the
underwriters   at   the   closing   specified  in  the  Underwriting  Agreement,
certificates  in  such  denominations  and  registered  in  such names as may be
required by the underwriters to permit prompt delivery to each purchaser.

     Insofar  as  indemnification  for  liabilities arising under the Securities
Act  may  be  permitted  to  directors,  officers and controlling persons of the
registrant  pursuant  to  the foregoing provisions, or otherwise, the registrant
has  been  advised that in the opinion of the Securities and Exchange Commission
such  indemnification  is  against  public policy as expressed in the Securities
Act  and  is,  therefore,  unenforceable. If a claim for indemnification against
such  liabilities (other than the payment by the registrant of expenses incurred
or  paid  by  a director, officer or controlling person of the registrant in the
successful  defense  of  any  action,  suit  or  proceeding) is asserted by such
director,  officer or controlling person in connection with the securities being
registered,  the  registrant  will,  unless  in  the  opinion of its counsel the
matter  has  been  settled  by  controlling  precedent,  submit  to  a  court of
appropriate  jurisdiction  the  question  whether  such indemnification by it is
against  public  policy  as expressed in the Securities Act and will be governed
by the final adjudication of such issue.

     The undersigned registrant hereby undertakes that:

     (1) For  purposes  of  determining  any liability under the Securities Act,
the  information  omitted  from  the  form  of  prospectus filed as part of this
registration  statement  in  reliance  upon Rule 430A and contained in a form of
prospectus  filed  by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h)
under  the  Securities  Act  shall  be  deemed  to  be part of this registration
statement as of the time it was declared effective.

     (2) For  the purpose of determining any liability under the Securities Act,
each  post-effective  amendment  that  contains  a  form  of prospectus shall be
deemed  to  be  a  new registration statement relating to the securities offered
therein,  and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.


                                      II-5
<PAGE>

                                  SIGNATURES


     Pursuant  to the requirements of the Securities Act of 1933, the Registrant
has  duly  caused  this  Amendment  No.  7  to this Registration Statement to be
signed  on its behalf by the undersigned, thereunto duly authorized, in the City
of St. Louis, State of Missouri, on February 7, 2000.



                                        SAVVIS COMMUNICATIONS CORPORATION





                                        By: /s/ Robert McCormick
                                           ------------------------------------

                                           Robert McCormick
                                           Chief Executive Officer and
                                           Chairman of the Board




     Pursuant  to the requirements of the Securities Act of 1933, this Amendment
No.  7  to this Registration Statement has been signed by the following persons,
in the capacities indicated below, on the dates indicated.



                                      II-6
<PAGE>



<TABLE>
<CAPTION>
          SIGNATURE                           TITLE                        DATE
- -----------------------------   ---------------------------------   -----------------
<S>                             <C>                                 <C>
      /s/ ROBERT MCCORMICK      Chief Executive Officer and         February 7, 2000
- ---------------------------
                                Chairman of the Board
         Robert McCormick
                                (principal executive officer)
               *                Executive Vice President, Chief     February 7, 2000
- ---------------------------
                                Financial Officer and Director
        David J. Frear
                                (principal financial officer and
                                principal accounting officer)
               *                Director                            February 7, 2000
- ---------------------------
      Clyde A. Heintzelman
               *                Director                            February 7, 2000
- ---------------------------
         Thomas McInerney
               *                Director                            February 7, 2000
- ---------------------------
         Patrick Welsh
               *                Director                            February 7, 2000
- ---------------------------
         Thomas M. Wendel

</TABLE>


*By: /s/ Robert McCormick
     -----------------------
     Robert McCormick
     Attorney-in-Fact
     and Agent

                                      II-7


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission