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FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
VS&A Communications Partners III, L.P.
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(Last) (First) (Middle)
350 Park Avenue
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(Street)
New York New York 10022
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
March 3, 2000
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Data Transmission Network Corporation (DTLN)
)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [X] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
Vice President of Sales & Marketing
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form Filed by One Reporting Person
[X] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
Common Stock (1) (1)
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* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Reminder: Report on separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
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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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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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EXPLANATION OF RESPONSES:
(1) On March 3, 2000, VS&A Communications Partners III, L.P. ("VS&A"), VS&A-DTN,
LLC and DTN Acquisition Corporation (the "Purchaser") entered into an
Agreement and Plan of Merger with Data Transmission Network Corporation (the
"Company"), pursuant to which the Purchaser agreed to commence a tender
offer for all the issued and outstanding shares of common stock, par value
$.001 per share of the Company. As an inducement to VS&A to enter into the
Merger Agreement, certain stockholders of the Company who in the aggregate
beneficially own 6,026,338 shares of common stock of the Company
(approximately 50.1% of the outstanding shares of common stock as of March
1, 2000), entered into voting agreements with VS&A pursuant to which they
agreed to tender their shares in response to the tender offer or vote their
shares in favor of the merger and the Merger Agreement. The reporting
person may be deemed to be the beneficial owner of such shares. The filing
of this Form 3 shall not be deemed as an admission that the reporting
persons are the beneficial owners of such shares.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Jeffrey T. Stevenson March 12, 2000
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**Signature of Reporting Person Date
VS&A Communications Partners III, L.P.
By: VS&A Equities III, L.L.C.
By: Jeffrey T. Stevenson
Note: File three copies of this Form, one of which must be manually signed.
If space provided 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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SEC 1473 (7-96)
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THE OTHER REPORTING PERSONS
VS&A EQUITIES III, L.L.C.
By:/s/ Jeffrey T. Stevenson
Jeffrey T. Stevenson
President and
Senior Managing Member
/s/ John J. Veronis
John J. Veronis
/s/ John S. Suhler
John S. Suhler
/s/ S. Gerard Benford
S. Gerard Benford
/s/ Jeffrey T. Stevenson
Jeffrey T. Stevenson
/s/ Martin I. Visconti
Martin I. Visconti
The address for each of the other Reporting Persons is 350 Park Avenue, New
York, New York 10022.
