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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
________________________________________________________________________________
1. Name and Address of Reporting Person*
Barrack, Jr., Thomas J.
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(Last) (First) (Middle)
1999 Avenue of the Stars, Suite 1200
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(Street)
Los Angeles CA 90067
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
3/13/00
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
FirstWorld Communications, Inc. (FWIS)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form Filed by One Reporting Person
[_] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C> <C>
Series B Common Stock, par value Owned by ColonyGP IV, Inc. (1)
$0.0001 per share 11,398,638 I
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB control number.
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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Warrants Issue 12/30/04 Series B Common Stock 4,625,000 $3.00 I Owned by
Date ColonyGP IV,
Inc.(1)
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Warrants 3/13/00 12/30/04 Series B Common Stock 375,000 $3.00 I Owned by
ColonyGP IV,
Inc.(1)
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Warrants Issue 4/13/05 Series B Common Stock 236,083 $3.00 I Owned by
Date ColonyGP IV,
Inc.(1)
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</TABLE>
Explanation of Responses:
/s/ Thomas J. Barrack, Jr. March 21, 2000
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB control number.
<PAGE>
Continuation Sheet to Form 3
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Name and Address of Reporting Person Thomas J. Barrack, Jr.
345 California Street, Suite 3300
San Francisco, California 94104
Issuer Name and Ticker or Trading Symbol FirstWorld Communications,
Inc. (FWIS)
Date of Event Requiring Statement March 13, 2000
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Explanation of Responses
(1) Thomas J. Barrack, Jr. ("Barrack") is a director, officer and stockholder of
ColonyGP IV, Inc. ("ColonyGP IV"), which is the general partner of Colony
Capital IV, L.P. ("Colony Capital IV"), which in turn is the sole general
partner of Colony Investors IV, L.P. ("Colony Investors IV"), which, together
with TPG Advisors III, Inc. ("TPG Advisors III") and T3 Advisors, Inc. ("T3
Advisors") and certain of their respective affiliates, is the direct or (as a
member of TPG FirstWorld I LLC) indirect owner of all of the securities reported
herein. ColonyGP IV, as the general partner of the general partner of Colony
Investors IV, may be deemed, together with TPG Advisors III and T3 Advisors and
certain of their respective affiliates, pursuant to Rule 13d-3 under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), to
beneficially own all of the securities disclosed on this Form 3. Pursuant to
Rule 16a-1(a)(2)(ii)(B) of the Exchange Act, Barrack is deemed to be the
beneficial owner of the shares owned by ColonyGP IV, Colony Capital IV or Colony
Investors IV only to the extent of the greater of his direct or indirect
interest in the profits or capital accounts of such entities. Pursuant to Rule
16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission
that Barrack is, for purposes of Section 16 of the Exchange Act or otherwise,
the beneficial owner of any securities beneficially owned by ColonyGP IV, Colony
Capital IV or Colony Investors IV in excess of such amount.
