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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
McLeodUSA, Inc.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
582266 10 2
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(CUSIP Number)
*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 the disclosures provided in a prior cover page.
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. 582266 10 2
1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
Allsop Venture Partners III L.P./42-1297301
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2) Check the Appropriate Row if a Member of a Group (See Instructions)
(a)
---------------------------------------------
(b)
---------------------------------------------
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3) SEC Use Only
-------------------------------------------
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4) Citizenship or Place of Organization Delaware
---------------------------------
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Number of Shares 5) Sole Voting Power 194,476
Beneficially Owned ---------
By Each Reporting 6) Shared Voting Power 0
Person With ---------
7) Sole Dispositive Power 194,476
---------
8) Shared Dispositive Power 0
---------
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9) Aggregate Amount Beneficially Owned by Each Reporting
Person 194,476
-------
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) N/A
-----------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 Less than 1%
------------
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12) Type of Reporting Person (See Instructions) PN
---------
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2
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CUSIP No. 582266 10 2
1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
MARK Venture Partners L.P./42-1297302
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2) Check the Appropriate Row if a Member of a Group (See Instructions)
(a)
-------------------------------------------------------
(b)
-------------------------------------------------------
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3) SEC Use Only
---------------------------------------------
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4) Citizenship or Place of Organization Delaware
---------------------
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Number of Shares 5) Sole Voting Power 0
Beneficially Owned ---------
By Each Reporting 6) Shared Voting Power 194,476
Person With ---------
7) Sole Dispositive Power 0
---------
8) Shared Dispositive Power 194,476
---------
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9) Aggregate Amount Beneficially Owned by Each Reporting
Person 194,476
-----------------------------------------------------------
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) N/A
-----------------------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 Less than 1%
----------------
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12) Type of Reporting Person (See Instructions) PN
---------------------
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3
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CUSIP No. 582266 10 2
1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
Larry C. Maddox/###-##-####
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2) Check the Appropriate Row if a Member of a Group (See Instructions)
(a)
--------------------------------------------------
(b)
--------------------------------------------------
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3) SEC Use Only
----------------------------------------
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4) Citizenship or Place of Organization United States
------------------------
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Number of Shares 5) Sole Voting Power 179,800
Beneficially Owned --------
By Each Reporting 6) Shared Voting Power 194,476
Person With --------
7) Sole Dispositive Power 179,800
--------
8) Shared Dispositive Power 194,476
--------
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9) Aggregate Amount Beneficially Owned by Each Reporting
Person 374,276
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) N/A
--------------------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 Less than 1%
-------------
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12) Type of Reporting Person (See Instructions) IN
-----------------
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4
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CUSIP No. 582266 10 2
1) Names of Reporting Persons\I.R.S. Identification Nos. of Above Persons
Robert W. Allsop/###-##-####
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2) Check the Appropriate Row if a Member of a Group (See Instructions)
(a)
------------------------------------------------
(b)
------------------------------------------------
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3) SEC Use Only
-----------------------------------------------
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4) Citizenship or Place of Organization United States
-----------------------
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Number of Shares 5) Sole Voting Power 179,800
Beneficially Owned --------
By Each Reporting 6) Shared Voting Power 194,476
Person With --------
7) Sole Dispositive Power 179,800
--------
8) Shared Dispositive Power 194,476
--------
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9) Aggregate Amount Beneficially Owned by Each Reporting
Person 374,276
----------------------------------------------------
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) N/A
-----------------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 Less than 1%
------------
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12) Type of Reporting Person (See Instructions) IN
----------------
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5
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CUSIP No. 582266 10 2
1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
Paul D. Rhines/###-##-####
-------------------------------------------------------------
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2) Check the Appropriate Row if a Member of a Group (See Instructions)
(a)
-------------------------------------------------
(b)
-------------------------------------------------
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3) SEC Use Only
-------------------------------------------------
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4) Citizenship or Place of Organization United States
-----------------------
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Number of Shares 5) Sole Voting Power 235,950
Beneficially Owned --------
By Each Reporting 6) Shared Voting Power 194,476
Person With --------
7) Sole Dispositive Power 235,950
--------
8) Shared Dispositive Power 194,476
--------
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9) Aggregate Amount Beneficially Owned by Each Reporting
Person 430,426
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) N/A
-------------------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 Less than 1%
------------
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12) Type of Reporting Person (See Instructions) IN
----------------
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6
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CUSIP No. 582266 10 2
1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
Robert L. Kuk/###-##-####
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2) Check the Appropriate Row if a Member of a Group (See Instructions)
(a)
-------------------------------------------------
(b)
-------------------------------------------------
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3) SEC Use Only
-------------------------------------------------
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4) Citizenship or Place of Organization United States
------------------------
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Number of Shares 5) Sole Voting Power 170,000
Beneficially Owned --------
By Each Reporting 6) Shared Voting Power 194,476
Person With --------
7) Sole Dispositive Power 170,000
--------
8) Shared Dispositive Power 194,476
--------
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9) Aggregate Amount Beneficially Owned by Each Reporting
Person 364,476
-----------------------------------------------------
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) N/A
-------------------------------------------------------------
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11) Percent of Class Represented by Amount in Row 9 Less than 1%
------------
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12) Type of Reporting Person (See Instructions) IN
----------------
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7
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Item 1(a) Name of Issuer
McLeodUSA, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices.
McLeodUSA, Inc.
McLeodUSA Technology Park
6400 C Street S.W.
Cedar Rapids, IA 52406-3177
Item 2(a) Name of Person Filing.
See Item 1 on Cover Pages 2 through 7, inclusive, for the names of
each filing person.
Item 2(b) Address of Principal Business Office or, if None, Residence.
(i) The principal business office of Allsop Venture Partners III
L.P., Mark Venture Partners L.P., Robert W. Allsop and Paul D.
Rhines is:
Corporate Center East, Suite 210
2750 First Avenue, N.E.
Cedar Rapids, IA 52402
(ii) The principal business office of Larry C. Maddox is:
6602 West 131st Street
Overland Park, KS 66209
(iii) The principal business office of Robert L. Kuk is:
12400 Olive Boulevard, Suite 307
St. Louis, MO 63141
Item 2(c) Citizenship.
See Item 4 on Cover Pages 2 through 7, inclusive, for the citizenship
or place of organization for each filing person.
8
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Item 2(d) title of Class of Securities.
Class A Common Stock
Item 2(e) CUSIP Number.
582266 10 2
Item 3. Filing Status if Filed Pursuant to Rule 13d-1(b) or 13d-2(b).
Not applicable.
Item 4. Ownership.
See Items 9,11, 5, 6, 7 and 8 of the appropriate Cover Page for each
filing person for the answers to this Item 4.
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 the following [x].
Item 6. Ownership of More Than Five Percent 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.
Allsop Venture Partners III L.P., a Delaware limited partnership, owns
194,476 shares of Class A Common Stock covered by this Schedule 13G. The
general partner of this partnership, Mark Venture Partners L.P., a Delaware
limited partnership, and the individual general partners of Mark Venture
Partners L.P., which are all listed on Cover Pages 4 through 7, inclusive, have
filed this single Schedule together pursuant to Rule 13d-1(c) and
Rule 13d-1(f). See Items 1 and 4 on Cover Pages 2 through 7, inclusive, for
the identity and citizenship or place of organization of each such person.
9
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Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
10
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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 11/12/97 ALLSOP VENTURE PARTNERS III L.P.
------------ BY MARK VENTURE PARTNERS L.P.,
Its General Partner
By /s/ Robert W. Allsop
-----------------------------------------
Robert W. Allsop, General
Partner
Date 11/12/97 MARK VENTURE PARTNERS, L.P.
------------
BY /s/ Robert W. Allsop
-----------------------------------------
Robert W. Allsop, General
Partner
Date 11/12/97 /s/ Larry C. Maddox
------------ -----------------------------------------
Larry C. Maddox
Date 11/12/97 /s/ Robert W. Allsop
------------ -----------------------------------------
Robert W. Allsop
Date 11/12/97 /s/ Paul D. Rhines
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Paul D. Rhines
Date 11/12/97 /s/ Robert L Kuk
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Robert L. Kuk
11
