SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION REQUIRED TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
Level 3 Communications, Inc.
(Name of Issuer)
Class R Convertible Common Stock $0.01 Par Value
(Title of Classes of Securities)
N/A
(CUSIP Number)
Michael F. Norton, Esq.
1000 Kiewit Plaza
Omaha, Nebraska 68131
Telephone Number: (402) 342-2052
(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 31, 1998
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of
this Schedule 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box ----.
Note. Six copies of this statement, including exhibits,
should be filed with the Commission. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 4 Pages)
CUSIP No. N/A 13D Page 2 of 4 Pages
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kenneth E. Stinson
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ----
(b) ----
3 SEC USE ONLY
4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ----
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF 7 SOLE VOTING POWER
SHARES 554,193.60
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 554,193.60
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
554,193.60
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* ----
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.5%
14 TYPE OF REPORTING PERSON*
IN
CUSIP No. N/A 13D Page 3 of 4 Pages
Item 1. Security and Issuer.
The class of securities to which this statement relates is
the $0.01 par value Class R Convertible Common Stock ("Class R
Stock") of Level 3 Communications, Inc., a Delaware corporation
(the "Issuer"). The Issuer's principal executive offices are
located at 3555 Farnam Street, Omaha, Nebraska 68131. Each share
of Class R Stock is convertible into the $0.01 par value common
stock ("Common Stock") of the Issuer at such times and in the
ratio specified in the Issuer's Restated Certificate of
Incorporation ("Certificate"), and votes with the shares of
Common Stock on an as converted basis. Assuming a Common Stock
trading price of $74.25 (the reported NASDAQ closing price of the
Common Stock on April 1, 1998), all of the issued and outstanding
shares of Class R Stock would represent less than 2% of the total
voting stock of the Issuer.
Item 2. Identity and Background.
This statement is being filed by Kenneth E. Stinson, an
individual ("Investor"), whose business address is 1000 Kiewit
Plaza, Omaha, Nebraska 68131. The Investor is the President and
Chief Executive Officer of Peter Kiewit Sons', Inc. ("PKS"),
and conducts his employment at PKS' principal executive offices
located at 1000 Kiewit Plaza, Omaha, Nebraska 68131. The Investor
has not, during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar
misdemeanors). The Investor has not, during the last five years,
been a party to any civil proceeding of a judicial or
administrative body of competent jurisdiction, as a result of
which the Investor was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or
mandating activities subject to, Federal or State securities laws
or finding any violation with respect to such laws. The Investor
is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
The Investor acquired his Class R Stock through a stock
dividend in connection with a transaction (the "Transaction")
separating the construction business and the diversified business
of the Issuer into two independent companies. The Transaction is
described in the Registration Statement filed by the Issuer and
PKS on Form S-4 (Registration No. 333-34627).
Item 4. Purpose of Transaction.
The Investor acquired his Class R Stock for investment
purposes.
Item 5. Interest in Securities of the Issuer.
The Investor is the beneficial owner of 554,193.60 shares of
Class R Stock. This amount represents 8.5% of the Issuer's issued
and outstanding Class R Stock. The Investor retains both voting
and investment power over such shares of Class R Stock. The
Investor acquired his Class R Stock on January 2, 1998. Prior to
the consummation of the Transaction on March 31, 1998, the Class
R Stock possessed no voting rights. Assuming a Common Stock
trading price of $74.25, the Investor's shares of Class R Stock
would represent less than 0.2% of the total voting stock of the
Issuer.
CUSIP No. N/A 13D Page 4 of 4 Pages
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
None, except as otherwise specified in the Certificate.
Item 7. Material to be Filed as Exhibits.
None.
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.
April 6, 1998
(Date)
/s/ Kenneth E. Stinson
(Signature)
Kenneth E. Stinson
(Name)
