UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
INTELCOM GROUP INC.
(Name of Issuer)
Common Shares without par value
-------------------------------
(Title of Class of Securities)
45814F 10 7
-------------
(CUSIP Number)
Check the following box if a fee is being paid with the statement [] (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
* 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
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 ("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).
<PAGE>
CUSIP No. 45814F 10 7 13G Page 2 of 9 Pages
<TABLE>
<CAPTION>
<S> <C> <C>
=========================================================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION OF ABOVE PERSON
Worldwide Condominium Developments, Inc. (None)
- -------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X] see Item 9
- -------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS, BRITISH WEST INDIES
- -------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 2,147,394 Shares
------------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 Shares
------------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,147,394 Shares
------------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0 Shares
- -------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,147,394 Shares
- -------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.9%
- -------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
=========================================================================================================================
</TABLE>
SCHEDULE 13G
<PAGE>
CUSIP No. 45814F 10 7 13G Page 3 of 9 Pages
<TABLE>
<CAPTION>
<S> <C> <C>
=========================================================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION OF ABOVE PERSON
William W. Becker
- -------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X] see Item 9
- -------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS, BRITISH WEST INDIES
- -------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 2,027,998 Shares
(includes options to purchase 413,120 Shares)
------------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 Shares
------------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,027,998 Shares
(includes options to purchase 413,120 Shares)
------------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0 Shares
- -------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,027,998 Shares
(includes options to purchase 413,120 Shares)
- -------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.2%
- -------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
=========================================================================================================================
</TABLE>
SCHEDULE 13G
<PAGE>
CUSIP No. 45814F 10 7 13G Page 4 of 9 Pages
<TABLE>
<CAPTION>
<S> <C> <C>
=========================================================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION OF ABOVE PERSON
Northern Cablevision Ltd. (None)
- -------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X] see Item 9
- -------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
- -------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 306,084 Shares
------------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 Shares
------------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 306,084 Shares
------------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0 Shares
- -------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
306,084 Shares
- -------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.3%
- -------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
=========================================================================================================================
</TABLE>
SCHEDULE 13G
<PAGE>
CUSIP No. 45814F 10 7 13G Page 5 of 9 Pages
<TABLE>
<CAPTION>
<S> <C> <C>
=========================================================================================================================
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION OF ABOVE PERSON
Larry L. Becker (No S.S. number)
- -------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X] see Item 9
- -------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
- -------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 283,167 Shares
(includes options to purchase 274,428 Shares)
------------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 Shares
------------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 283,167 Shares
(includes options to purchase 274,428 Shares)
------------------------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0 Shares
- -------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
283,167 Shares
(includes options to purchase 274,428 Shares)
- -------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2%
- -------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
=========================================================================================================================
</TABLE>
SCHEDULE 13G
<PAGE>
SCHEDULE 13G Page 6 of 9 Pages
Item 1: Issuer
------
(a) Name IntelCom Group Inc.
(b) Address Suite 200, 4245 - 97 Street
Edmonton, Alberta Canada T6E 5Y7
(403) 465-5959
Item 2: Persons Filing
--------------
The following persons had filed joint Schedules 13G as a
group, but are now dissolving the group (see Item 9)
Name: Worldwide Condominium Developments, Inc.
Address: Box 143
Cayman Islands, British West Indies
Organized: Cayman Islands, British West Indies corporation
Name: William W. Becker
Address: Box 143
Cayman Islands, British West Indies
Citizenship Canadian citizen
Name: Northern Cablevision Ltd.
Address: Suite 200, 4245 - 97 Street
Edmonton, Alberta Canada T6E 5Y7
Organized: Canadian corporation
Name: Larry L. Becker
Address: Suite 200, 4245 - 97 Street
Edmonton, Alberta Canada T6E 5Y7
Citizenship Canadian citizen
(d) Class: Common Shares, no par value (24,468,507 shares outstanding on
June 30, 1995)
(e) CUSIP: CUSIP # 45814F 10 7
Item 3: If filing pursuant to Rules 13d-1(b), or 13d-2(b), identify
type of filing person.
--------------------------------------------------------------
Not Applicable.
<PAGE>
SCHEDULE 13G Page 7 of 9 Pages
Item 4: Ownership (As of July 15, 1995)
---------
Worldwide Condominium Developments, Inc.
(a) Beneficially Owned: 2,147,394 Shares
(b) Percent of Class: 8.9%
(c)(i) Sole Voting Power: 2,147,394 Shares
(c)(ii) Shared Voting Power: 0 Shares
(c)(iii) Sole Disposition: 2,147,394 Shares
(c)(iv) Shared Disposition: 0 Shares
Willam W. Becker
(a) Beneficially Owned: 2,027,998 Shares (includes options
to buy 413,120 Shares)
(b) Percent of Class: 8.2%
(c)(i) Sole Voting Power: 2,027,998 Shares (includes options
to buy 413,120 Shares)
(c)(ii) Shared Voting Power: 0 Shares
(c)(iii) Sole Disposition: 2,027,998 Shares (includes options
to buy 413,120 Shares)
(c)(iv) Shared Disposition: 0 Shares
Northern Cablevision Ltd.
(a) Beneficially Owned: 306,084 Shares
(b) Percent of Class: 1.3%
(c)(i) Sole Voting Power: 306,084 Shares
(c)(ii) Shared Voting Power: 0 Shares
(c)(iii) Sole Disposition: 306,084 Shares
(c)(iv) Shared Disposition: 0 Shares
Larry L. Becker
(a) Beneficially Owned: 283,167 Shares (includes options to
buy 245,428 Shares)
(b) Percent of Class: 1.2%
(c)(i) Sole Voting Power: 283,167 Shares (includes options to
buy 245,428 Shares)
(c)(ii) Shared Voting Power: 0 Shares
(c)(iii) Sole Disposition: 283,167 Shares (includes options to
buy 245,428 Shares)
(c)(iv) Shared Disposition: 0 Shares
The Becker Interests (All the persons listed above)
(a) Beneficially Owned: 4,764,643 Shares (includes options
to buy 658,548 Shares)
(b) Percent of Class: 19.0%
(c)(i) Sole Voting Power: 4,764,643 Shares (includes options
to buy 658,548 Shares)
(c)(ii) Shared Voting Power: 0 Shares
(c)(iii) Sole Disposition: 4,764,643 Shares (includes options
to buy 658,548 Shares)
(c)(iv) Shared Disposition: 0 Shares
<PAGE>
SCHEDULE 13G Page 8 of 9 Pages
Item 5: Ownership of Five Percent or Less of a Class.
--------------------------------------------
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than 5% of the class of securities,
check here [X.] With dissolution of the group (see Item 9 and
Exhibit 1), the following persons will not be beneficial
owners of more than 5% of ICG's Shares.
Northern Cablevision Ltd.
Larry L. Becker
Item 6: Ownership of More than 5% 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
----------------------------------------------------------
As a group, the following persons have filed joint Schedules
13G pursuant to Rule 13d-1(c).
Worldwide Condominium Developments, Inc.
Mr. William W. Becker
Northern Cablevision Ltd.
Mr. Larry L. Becker
The names, addresses and citizenship of these persons are
listed under Item 2, and their share ownership is listed under
Item 3.
As explained in Item 9 and Exhibit 1, these persons have
dissolved their group and will not act together for the
purpose of acquiring, holding, voting or disposing of the
issuer's securities.
Item 9: Notice of Dissolution of Group.
------------------------------
These persons formerly constituting the Becker Interests
dissolved their group and will not act together for the
purpose of acquiring, holding, voting or disposing of the
issuer's securities. See Exhibit 1.
Item 10: Certification. Not Applicable.
-------------
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
WORLDWIDE CONDOMINIUM
DEVELOPMENTS, INC.
July 16, 1995 By: /s/ Larry L. Becker
------------------------------------
Larry L. Becker, Secretary-Treasurer
July 16, 1995 /s/ William W. Becker
---------------------------------------
WILLIAM W. BECKER
NORTHERN CABLEVISION LTD.
July 16, 1995 By: /s/ Larry L. Becker
------------------------------------
Larry L. Becker, Director
July 16, 1995 /s/ Larry L. Becker
---------------------------------------
LARRY L. BECKER
<PAGE>
EXHIBIT 1
NOTICE OF DISSOLUTION OF GROUP
The undersigned persons hereby state that as of July 15, 1995, they are no
longer a group (i.e., will not act together for the purpose of acquiring,
holding, voting or disposing of securities of IntelCom Group Inc. ("ICG")).
Northern Cablevision Ltd. and Mr. Larry Becker, each of whom beneficially
own less than 5% of ICG's outstanding equity securities, will not be subject to
Sections 13(g) or 13(d).
All further filings by Worldwide Condominum Developments, Inc. ("WWCDI") or
Mr. William W. Becker with respect to transactions in ICG securities will be
filed, if required, by the appropriate person in its individual capacity.
WORLDWIDE CONDOMINIUM
DEVELOPMENTS, INC.
July 16, 1995 By: /s/ Larry L. Becker
------------------------------------
Larry L. Becker, Secretary-Treasurer
July 16, 1995 /s/ William W. Becker
---------------------------------------
WILLIAM W. BECKER
NORTHERN CABLEVISION LTD.
July 16, 1995 By: /s/ Larry L. Becker
------------------------------------
Larry L. Becker, Director
July 16, 1995 /s/ Larry L. Becker
---------------------------------------
LARRY L. BECKER
