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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. _____)*
FASTNET CORPORATION
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
311877104
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(CUSIP Number)
December 18, 2000
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(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
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 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.
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CUSIP NUMBER: 311877104 PAGE 2 OF 5 PAGES
________________________________________________________________________________
1. Name of Reporting Persons; SS or I.R.S. Identification
Stephen A. Hurly
________________________________________________________________________________
2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) N/A
(b) N/A
________________________________________________________________________________
3. SEC Use Only
________________________________________________________________________________
4. Citizenship or Place of Organization
U.S.A.
________________________________________________________________________________
NUMBER OF 5. Sole Voting Power 1,077,000
SHARES _________________________________________________________________
BENEFICIALLY
OWNED BY 6. Shared Voting Power
EACH _________________________________________________________________
REPORTING
PERSON 7. Sole Dispositive Power 1,077,000
WITH _________________________________________________________________
8. Shared Dispositive Power
________________________________________________________________________________
9. Aggregate Amount Beneficially
Owned by Each Reporting Person 1,077,000
________________________________________________________________________________
10. Check Box If the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions) N/A
________________________________________________________________________________
11. Percent of Class Represented by Amount in Row (9) N/A
________________________________________________________________________________
12. Type of Reporting Person (See Instructions) IN
________________________________________________________________________________
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CUSIP NUMBER: 311877104 PAGE 3 OF 5 PAGES
SCHEDULE 13G
ITEM 1.(a). NAME OF ISSUER: FASTNET Corporation (the "Issuer")
(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Two Courtney Place, Suite 130
3864 Courtney Street
Bethlehem, PA 18017
ITEM 2.(a). NAME OF PERSON FILING: Stephen A. Hurly (the "Filer")
(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR,
IF NONE, RESIDENCE:
Two Courtney Place, Suite 130
3864 Courtney Street
Bethlehem, PA 18017
(c). CITIZENSHIP: U.S.A.
(d). TITLE OF CLASS OF SECURITIES: Common Stock, no par
value.
(e). CUSIP NUMBER: 311877104
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR 13D-2(b) OR
(c), CHECK WHETHER THE PERSON FILING IS:
(a) [ ] Broker or dealer registered under Section 15
of the Exchange Act;
(b) [ ] Bank as defined in Section 3(a) (6) of the
Exchange Act;
(c) [ ] Insurance company as defined in Section 3(a)
(19) of the Exchange Act;
(d) [ ] Investment company registered under Section
8 of the Investment Company Act;
(e) [ ] An investment adviser in accordance with
Rule 13-d-1(b) (1) (ii) (E);
(f) [ ] An Employee benefit plan or endowment fund
in accordance with Rule 13-d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person
in accordance with Rule 13-d-1(b)(1)(ii)(G);
(h) [ ] A Savings association as defined in Section
3(b) of the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the
definition of an investment company
under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule 13-d-1(b)
(1)(ii)(J);
Not Applicable.
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CUSIP NUMBER: 311877104 PAGE 4 OF 5 PAGES
ITEM 4. OWNERSHIP.
(a) - (c) The response of the Filer to Items 5 through 11 of the cover
sheet of the Filer which relates to the beneficial ownership of the Common Stock
of the Issuer is incorporated herein by reference. The percentage ownership of
the Filer is based upon 15,990,947 shares of Common Stock outstanding as of
December 27, 2000, of which 14,990,947 were listed as outstanding on November
14, 2000 as reported by the Issuer in its Quarterly Report on Form 10-Q for the
fiscal quarter ended September 30, 2000, and an additional 1,000,000 shares of
Common Stock were issued on December 18, 2000 to the Filer through a private
placement by the Issuer.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATIONS.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
[The remainder of this page intentionally left blank.]
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CUSIP NUMBER: 311877104 PAGE 5 OF 5 PAGES
SIGNATURES
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.
DATED: December 28, 2000
Stephen A. Hurly
By: /s/ Stephen A. Hurly
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Stephen A. Hurly
