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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G/A
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(b)
(AMENDMENT NO. 3)
Metromedia Fiber Network, Inc.
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(Name of Issuer)
Class A Common Stock, par value $.01 per share
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(Title of Class of Securities)
591689104
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(CUSIP Number)
Arnold L. Wadler, Esq., c/o Metromedia Company,
One Meadowlands Plaza, East Rutherford, New Jersey 07073
(201) 531-8050
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 17, 1999
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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)
The information required in 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 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 5916891014 13G/A PAGE 2 OF 6 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Metromedia Company
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / X /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
31,462,048 (31,462,048 shares of Class B Common Stock,
par value $.01 per share, freely convertible into
NUMBER OF shares of Class A Common Stock at a rate of one share
SHARES of Class A Common Stock for each share of Class B
BENEFICIALLY Common Stock)
OWNED BY ------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON ------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
31,462,048 (31,462,048 shares of Class B Common Stock,
par value $.01 per share, freely convertible into
shares of Class A Common Stock at a rate of one share
of Class A Common Stock for each share of Class B
Common Stock)
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,462,048 (31,462,048 shares of Class B Common Stock, par value $.01 per
share, freely convertible into shares of Class A Common Stock at a rate of
one share of Class A Common Stock for each share of Class B Common Stock)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.1%
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12 TYPE OF REPORTING PERSON*
PN
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CUSIP NO. 5916891014 13G/A PAGE 3 OF 6 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John W. Kluge
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / X /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
1,863,550 (represents presently exercisable options to
NUMBER OF acquire 1,863,550 shares of class A common stock at an
SHARES exercise price of $0.24625 per share)
BENEFICIALLY ------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 31,462,048 (31,462,048 shares of class B common stock,
PERSON par value $.01 per share, freely convertible into
WITH shares of class A common stock at a rate of one share
of class A common stock for each share of class B
common stock, owned by Metromedia Company, of which
Mr. Kluge is a general partner)
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,863,550 (represents presently exercisable options to
acquire 1,863,550 shares of class A common stock at an
exercise price of $0.24625 per share)
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
31,462,048 (31,462,048 shares of class B common stock,
par value $.01 per share, freely convertible into
shares of class A common stock at a rate of one share
of class A common stock for each share of class B
common stock, owned by Metromedia Company, of which
Mr. Kluge is a general partner)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,325,598 (31,462,048 shares of class B common Stock owned by Metromedia
Company, of which Mr. Kluge is a general partner, and 1,863,550 presently
exercisable options to acquire shares of class A common stock at an exercise
price of $0.24625 per share)
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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)
13.9%
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12 TYPE OF REPORTING PERSON*
IN
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CUSIP NO. 5916891014 13G/A PAGE 4 OF 6 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Stuart Subotnick
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / X /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
3,673,974 (represents presently exercisable options to
acquire 1,366,750 shares of class A common stock at an
NUMBER OF exercise price of $0.24625 per share and 2,307,224 shares
SHARES of class B common stock (70,000 of which are owned by the
BENEFICIALLY Subotnick Family Trust u/a dated November 5, 1998, 5,000
OWNED BY of which are owned by the Bryan Subotnick 1999 Trust u/a
EACH dated October 29, 1999 and 5,000 of which are owned by the
REPORTING Paula Block 1999 Trust u/a dated October 29, 1999. Each
PERSON trust agreement is between Stuart Subotnick as Grantor
WITH and Anita Subotnick as Trustee)).
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6 SHARED VOTING POWER
31,462,048 (31,462,048 shares of Class B Common Stock, par
value $.01 per share, freely convertible into shares of
class A common stock at a rate of one share of class A
common stock for each share of class B common stock,
owned by Metromedia Company, of which Mr. Subotnick is
general partner.)
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7 SOLE DISPOSITIVE POWER
3,673,974 (represents presently exercisable options to
acquire 1,366,750 shares of class A common stock at an
exercise price of $0.24625 per share and 2,307,224 shares
of class B common stock (70,000 of which are owned by the
Subotnick Family Trust, 5,000 of which are owned by the
Bryan Subotnick 1999 Trust and 5,000 of which are owned by
the Paula Block 1999 Trust)).
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8 SHARED DISPOSITIVE POWER
31,462,048 (31,462,048 shares of Class B Common stock
owned by Metromedia Company, of which Mr. Subotnick is a
general partner).
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,136,022 (includes 33,769,272 shares of Class B Common Stock, of which (i)
70,000 shares are owned by the Subotnick Family Trust u/a dated November 5,
1998, 5,000 are owned by the Bryan Subotnick 1999 Trust and 5,000 of which
are owned by the Paula Block 1999 Trust and (ii) 31,462,048 shares are owned
by Metromedia Company, of which Mr. Subotnick is a general partner; and
1,366,750 presently exercisable options to acquire shares of class A common
stock at an exercise price of $0.24625 per share.)
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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)
14.6%
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12 TYPE OF REPORTING PERSON*
IN
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ITEM 4. OWNERSHIP
See responses to Items 5,6,7,8,9, and 11 of Cover Pages.
On October 29, 1999, Stuart Subotnick gifted 5,000 shares of Class
B Common Stock to the Bryan Subotnick 1999 Trust u/a dated October
29, 1999 between Stuart Subotnick as Grantor and Anita Subotnick
as Trustee. Also on October 29, 1999, Mr. Subotnick gifted 5,000
shares of Class B Common Stock to the Paula Block 1999 Trust u/a
dated October 29, 1999 between Stuart Subotnick as Grantor and
Anita Subotnick as Trustee.
On November 17, 1999, DECS Trust VI completed a registered
offering of 10,000,000 DECS. DECS Trust VI, which is a closed-end
management investment company and not affiliated with Metromedia
Fiber Network, Inc. ("Metromedia Fiber"), entered into prepaid
forward contracts with Stephen A. Garofalo, Metromedia Company,
John W. Kluge and Stuart Subotnick pursuant to which holders of
the DECs may receive cash and/or shares of Metromedia Fiber class
A common stock on or about November 15, 2002. Messrs. Garofalo,
Kluge and Subotnick and Metromedia Company remain the beneficial
owners of all shares of class A common stock that may be delivered
on November 15, 2002. The DECS were issued at $39.4375 per DECS.
On November 19, 1999, the underwriters for that offering exercised
the over-allotment option granted to them under an underwriting
agreement relating to the DECS transactions and accordingly DECS
Trust VI sold 1,500,000 additional DECS.
Also on November 17, 1999, certain stockholders of Metromedia
Fiber, including Mr. Kluge and Mr. Subotnick, sold 4,895,000
shares of Metromedia Fiber's class A common stock in an
underwritten public offering at $39.4375. Mr. Kluge exercised
options to purchase 143,000 shares of class A common stock, and
Mr. Subotnick exercised options to purchase 575,000 shares of
class A common stock and immediately sold such shares in the
underwritten public offering. On November 19, 1999, the
underwriters for that offering exercised the over-allotment option
granted to them under an underwriting agreement and accordingly
the stockholders, including Mr. Kluge and Mr. Subotnick, sold
734,250 additional shares of class A common stock. Mr. Kluge sold
21,450 shares of class A common stock and Mr. Subotnick sold
86,250 shares of class A common stock in accordance with the
exercise of the over-allotment option.
Page 5 of 6
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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.
Date: February 14, 2000
Metromedia Company
By: /s/ Stuart Subotnick
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Name: Stuart Subotnick
Title: Executive Vice President
/s/ John W. Kluge
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John W. Kluge
/s/ Stuart Subotnick
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Stuart Subotnick
Page 6 of 6
