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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13GA
(Rule 13d-102)
(Amendment No. 1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
Z-TEL TECHNOLOGIES, INC.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
988792108
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(CUSIP Number)
August 28, 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)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
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CUSIP No. 988792108 Page 2 of 10 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Gramercy Z-Tel L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF None
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
4,636,779/1/
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING None
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
4,636,779
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,636,779
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__________________
/1/ Includes 1,041,666 shares of Series D Preferred, par value $.01 per share
(the "Series D Preferred") and warrants to purchase 520,833 shares of Common
Stock pursuant to the Certificate of Designations, Preferences and Relative
Rights, Qualifications, Limitations and Restrictions of the Series D Preferred,
which sets forth a formula for determining the number of shares of Common Stock
issuable, as at any date, upon conversion of the Series D Preferred.
Page 2 of 10 Pages
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CUSIP No. 988792108 Page 3 of 10 Pages
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.4%/2/
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12. TYPE OF REPORTING PERSON*
PN
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______________________
/2/ Based on 33,495,147 shares outstanding as of August 9, 2000, as reported in
the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2000
Page 3 of 10 Pages
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CUSIP No. 988792108 Page 4 of 10 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Gramercy Z-Tel LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF None
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
4,636,779/1/
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING None
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
4,636,779
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,636,779
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.4%/2/
Page 4 of 10 pages
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CUSIP No. 988792108 Page 5 of 10 Pages
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12. TYPE OF REPORTING PERSON*
OO
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Page 5 of 10 Pages
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CUSIP No. 988792108 Page 6 of 10 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Gramercy Communications Partners (Cayman), L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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5. SOLE VOTING POWER
NUMBER OF None
SHARES -----------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY
4,636,779/1/
OWNED BY
-----------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING None
PERSON -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
WITH
4,636,779
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,636,779
------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_]
------------------------------------------------------------------------------
Page 6 of 10 Pages
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CUSIP No. 988792108 Page 7 of 10 Pages
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.4%/2/
------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
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Page 7 of 10 Pages
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Item 1(a) Name of Issuer:
Z-Tel Technologies, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
Knight's Point
601 South Harbour Island Boulevard
Suite 220
Tampa, Florida
Item 2(a) Name of Persons Filing:
1. Gramercy Z-Tel L.P., the record holder of the securities (the
"L.P.")
2. Gramercy Z-Tel LLC, the sole general partner of the L.P. (the
"LLC")
3. Gramercy Communications Partners (Cayman), L.P., the Managing
Member of the LLC (the "Fund")
Item 2(b) Address of Principal Business Office or, if None, Residence:
The principal business office for all reporting persons listed in
Item 2(a) is:
712 Fifth Avenue
New York, New York 10019
Item 2(c) Citizenship:
1. L.P.: Delaware
2. LLC: Delaware
3. Fund: Cayman Islands
Item 2(d) Title of Class of Securities
Common Stock, $.01 par value
Item 2(e) CUSIP Number:
988792108
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:
Not applicable
Item 4. Ownership
(a) Amount beneficially owned by each reporting person:
4,636,779
(b) Percent of Class 11.4%
(c) Number of shares as to which each person has
Page 8 of 10 Pages
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(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 4,636,779
(iii) Sole power to dispose or to direct the disposition of:
None
(iv) Shared power to dispose or to direct the disposition of:
4,636,779
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.
Not applicable
Page 9 of 10 Pages
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SIGNATURE
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.
September 8, 2000
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(Date)
GRAMERCY Z-TEL L.P.
By: Gramercy Z-Tel LLC,
its General Partner
By: Gramercy Communication Partners (Cayman),
L.P., its Managing Member
By: Gramercy Communications Partners MGP
(Cayman), LDC, its General Partner
By: /s/ Laurence S. Grafstein
------------------------------------
Laurence S. Grafstein
Managing Director
GRAMERCY Z-TEL LLC
By: Gramercy Communications Partners (Cayman),
L.P., its Managing Member
By: Gramercy Communications Partners MGP
(Cayman), LDC, its General Partner
By: /s/ Laurence S. Grafstein
------------------------------------
Laurence S. Grafstein
Managing Director
GRAMERCY COMMUNICATIONS PARTNERS (CAYMAN), L.P.
By: Gramercy Communication Partners MGP
(Cayman), LDC, its General Partner
By: /s/ Laurence S. Grafstein
------------------------------------
Laurence S. Grafstein
Managing Director
Page 10 0f 10 Pages
