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OMB APPROVAL
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OMB Number 3235-0287
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
________________________________________________________________________________
1. Name and Address of Reporting Person*
COMPAGNIE GENERALE DES COMMUNICATIONS
(COGECOM) S.A.
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(Last) (First) (Middle)
6, Place d'Alleray
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(Street)
75505 Paris Cedex 15 France
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
NTL Incorporated (NTLI)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
N/A
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4. Statement for Month/Year: March 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by One Reporting Person
[X] Form filed by More than One Reporting Person
________________________________________________________________________________
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock, par value $0.01 per share 8,451,021 (1) D
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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
4(b)(v)
(Print or Type Responses)
(Over)
(Form 4)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
2.
Conver- 5. 7.
sion Number of Title and Amount
or Derivative 6. of Underlying
Exer- 4. Securities Date Securities
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4)
Price Trans- action or Disposed Expiration Date ----------------------
1. of action Code of(D) (Month/Day/Year) Amount
Title of Deriv- Date (Instr. (Instr. 3, -------------------- or
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number
Security Secur- Day/ ------ ------------ Exer- tion of
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5% Cumulative 12.5 Common
Participating shares Stock,
Convertible of C/S par
Preferred per value
Stock, Series 08/13/19 $0.01 9,375,000
Series A A(1) 08/13/99 P 750,000 anytime (4) per share (1)
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5% Cumulative 12.417
Participating shares
Convertible of C/S Common Stock
Preferred per par value
Stock, Series J(2) 08/13/19 $0.01 per
Series C C (1) 09/30/99 5,000 anytime (4) share 62,085 (1)
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9.24351
shares
of C/S Common Stock
5 3/4% Cumulative per 5 3/4% par value
Subordinate Notes Note $0.01 per 2,144,494
due 2009 (1) 12/22/99 P 232,000 03/22/00 12/15/09 share (1)
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5% Cumulative 12.26384
Participating sharess
Convertible of C/S Common Stock
Preferred per par value
Stock, Series 08/13/19 $0.01 per 115,740
Series D D(1) 01/03/00 J(3) 9,437.50 anytime (4) share (1)
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Common Stock
Series A 5% par value
Cumulative $0.01 per
Preferred Stock (5) 03/28/00 P 750,000 (5) (5) share (5)
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5% Cumulative
Participating
Convertible 12.112506 Common Stock
Preferred Shares of par value
Stock, C/S per 08/13/19 $0.01 per
Series E Series E 03/31/00 J(6) 9,555.47 anytime (4) share 115,740
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</TABLE>
10.
9. Owner-
Number ship
of Form
Deriv- of
ative Deriv- 11.
Secur- ative Nature
8. ities Secur- of
Price Bene- ity: In-
of ficially Direct direct
Deriv- Owned (D) or Bene-
1. ative at End In- ficial
Title of Secur- of direct Owner-
Derivative ity Month (I) ship
Security (Instr. (Instr. (Instr. (Instr.
(Instr. 3) 5) 4) 4) 4)
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5% Cumulative $750,000,000 750,000
Participating
Convertible
Preferred
Stock,
Series A D
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5% Cumulative (2) 5,000
Participating
Convertible
Preferred
Stock,
Series C D
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5% Cumulative
Subordinate Notes
due 2009 $232,000,000 232,000 D
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5% Cumulative
Participating
Convertible
Preferred
Stock,
Series D (3) 9,437.50 D
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Series A 5%
Cumulative
Preferred Stock $750,000,000 750,000 D
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5% Cumulative
Participating
Convertible
Preferred
Stock,
Series E (6) 9,555.47 D
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/s/ Pierre Hilaire April 7,2000
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** Signature of Reporting Person Date
On behalf of COGECOM S.A.
Name: Pierre Hilaire
Title: Chairman of the Board of Directors
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
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 Number
Page 2 of 4
<PAGE>
Explanation of Responses:
(1) Gives effect to a 5-for-4 stock split by way of a stock dividend paid
February 3, 2000.
(2) On September 30, 1999, the Issuer issued to COGECOM 5,000 shares of 5%
Cumulative Participating Convertible Preferred Stock, Series C, as a dividend
with respect to the Series A Preferred Stock.
(3) On January 3, 2000, the Issuer issued to COGECOM 9,437.50 shares of 5%
Cumulative Participating Convertible Preferred Stock, Series D, as a dividend
with respect to the Series A Preferred Stock.
(4) Mandatory redemption date if securities have not been previously redeemed or
converted.
(5) The Series A 5% Cumulative Preferred Stock may at the election of the holder
after an interim period be exchanged, subject to certain conditions being
satisfied, for up to a 50% interest in a new subsidiary of NTL ("Eurotel") which
is yet to be established and which will own certain or all of the Issuer's then
existing broadband communications, broadcast and cable television interests in
Continental Europe outside of France. Should all of the Series A 5% Cumulative
Preferred Stock not be exchanged for shares of Eurotel, any remaining shares
that shall not have been exchanged may either be redeemed for cash by NTL at
NTL's option or, after a period of six months following the consummation of the
exchange, be convertible into Common Stock. The number of shares of Common Stock
then deliverable upon conversion of each share of Series A Cumulative Preferred
Stock shall, subject to certain conditions set forth in the certificate of
designation of the Series A 5% Cumulative Preferred Stock, be equal to $1,000
divided by the daily average market price for the 25 days prior to the date on
which the exchange is consummated.
(6) On March 31, 2000, the Issuer issued to COGECOM 9,555.47 shares of 5%
Cumulative Participating Convertible Preferred Stock, Series E, as a dividend
with respect to the Series A Preferred Stock.
Page 3 of 4
<PAGE>
Joint Filer Information
Name: France Telecom S.A.
Address: 6, place d'Alleray
75505 Paris Cedex 15 France
Designated
Filer: Compagnie Generale des Communications (COGECOM) S.A.
(COGECOM is a wholly owned subsidiary of France Telecom)
Issuer Name &
Ticker
Symbol: NTL Incorporated (NTLI)
Statement for
Month/Year: March 2000
Signature: /s/ Jean-Louis Vinciguerra April 7, 2000
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On behalf of FRANCE TELECOM Date
Name: Jean-Louis Vinciguerra
Title: Senior Executive Vice President
Page 4 of 4
