UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
FENNELL, WILLIAM F.
2200 WEST PARK DRIVE
WESTBOROUGH, MA 01581
USA
2. Issuer Name and Ticker or Trading Symbol
NORTHEAST OPTIC NETWORK, INC.
NOPT
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
MARCH 31, 2000
5. If Amendment, Date of Original (Month/Year)
APRIL 1, 2000
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
VICE PRESIDENT & CHIEF FINANCIAL OFFICER
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
COMMON STOCK |03/14/|M | |5,500 |A |12.00 | | | |
|00 | | | | | | | | |
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COMMON STOCK |03/01/|S | |3,700 |D |119.86 | | | |
|00 | | | | | | | | |
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COMMON STOCK |03/02/|S | |3,000 |D |134.33 | | | |
|00 | | | | | | | | |
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|03/06/|S | |2,500 |D |122.125 |-0- | | |
|00 | | | | | | | | |
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| | | | | | |200 |I |BY DAUGHTER |
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| | | | | | |200 |I |BY SON |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EMPLOYEE STOCK OPTION |12.00 |03/14|M | |5,500 |D |(1) |05/20|COMMON STOCK|5,500 | |102,407 |D | |
| |/00 | | | | | |/08 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) This option becomes exercisable as to 40,602 shares on each of May 20,
1998, August 5, 1999 and August 5,
2000 and as to 40,601 shares on August 5,
2001.
SIGNATURE OF REPORTING PERSON
WILLIAM F. FENNELL
DATE
MAY 23, 2000
