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FORM 3 OMB Approval
---------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION --------------------------
WASHINGTON, D.C. 20549 OMB Number: 3235-0104
Expires: December 31, 2001
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Estimated average burden
hours per response ...0.5
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
(Print or Type Responses) Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*| 2. Date of Event Requiring | 4. Issuer Name and Ticker or Trading Symbol
| Statement |
Aspen Investments LLC | (Month/Day/Year) | America Online Latin America ("AOLA")
| |----------------------------------------------------------
| 12/28/00 | 5. Relationship of Reporting Person(s) to Issuer
-------------------------------------------------------------------------| (Check all applicable)
(Last) (First) (Middle) | 3. I.R.S. Identification |
| Number of Reporting | _______Director ___X___ 10% Owner
c/o Finser Corporation | Person, if an entity |
550 Biltmore Way, Suite 900 | (voluntary) | _______Officer (give _______ Other (specify
----------------------------------------| | title below) below)
(Street) | |
| |
Coral Gables Florida 33134 | |
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(City) (State) (Zip) | |---------------------------------------------------------
| | 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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1. Title of Security | 2. Amount of Securities | 3. Ownership |4. Nature of Indirect
(Instr. 4) | Beneficially Owned | Form: Direct | Beneficial
| (Instr. 4) | (D) or Indirect | Ownership
| | (I) (Instr. 5) | (Instr. 5)
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Class A Common Stock | 2,000,000 | D |
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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.
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security | 2. Date Exer- | 3. Title and Amount of Securities | 4. Conver- | 5. Owner- | 6. Nature of
(Instr. 4) | cisable and | Underlying Derivative Security | sion or | ship | Indirect
| Expiration | (Instr. 4) | Exercise| Form of | Beneficial
| Date | | Price of| Deriv- | Ownership
| (Month/Day/ | | Deri- | ative | (Instr. 5)
| Year) | | vative | Security:|
| | | Security| Direct |
|--------------------------------------------------------- | (D) or |
|Date |Expira- | Title |Amount | | Indirect |
|Exer- |tion | |or | | (I) |
|cisable |Date | |Number | | (Instr. 5) |
| | | |of | | |
| | | |Shares | | |
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Series C Convertible Preferred | | | | | | |
Stock | (1) | (1) |Class A Common Stock |48,649,203| (1) | D |
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Explanation of Responses:
(1) ASPEN INVESTMENTS LLC (THE "REPORTING PERSON"), AS OWNER OF SERIES C
PREFERRED STOCK, HAS THE RIGHT, AT ANY TIME, TO CONVERT THE SHARES OWNED
INTO SHARES OF CLASS B COMMON STOCK ON A ONE FOR ONE BASIS. THE
REPORTING PERSON THEN HAS THE RIGHT TO CONVERT THOSE SHARES OF CLASS B
COMMON STOCK INTO SHARES OF CLASS A COMMON STOCK ON A ONE FOR ONE BASIS
AT ANY TIME.
/s/ Joan Jensen, Secretary January 10, 2001
--------------------------------- ----------------
**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)
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.
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