UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
WorldPort Communications, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
98155 J 10 5
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(CUSIP Number)
Michael E. Heisley, Sr.
The Heico Companies, LLC
5600 Three First National Plaza
Chicago, Illinois 60602
312-419-8220
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 24, 2000
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.[ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. Seess.240.13d-7(b) for other
parties to whom copies are to be sent.
*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>
SCHEDULE 13D
CUSIP No. 98155 J 10 5
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1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
Michael E. Heisley, Sr.
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) /X/
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3 SEC Use Only
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4 Source of Funds (See Instruction)
BK
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5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
/ /
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6 Citizenship or Place of Organization
United States
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7 Sole Voting Power<F1>
28,058,032 on a converted to Common Stock basis.
Number of Shares
Beneficially _____________________________________________________
Owned by 8 Shared Voting Power
Each -0-
Reporting _____________________________________________________
Person 9 Sole Dispositive Power
With 28,058,032 (assuming the exercise and/or
conversion of all options, warrants, and preferred
stock that are exercisable, issuable, or
convertible in the next 60 days)
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10 Shared Dispositive Power
-0-
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
28,058,032 (assuming the exercise and/or conversion of all options,
warrants, and preferred stock that are exercisable, issuable, or convertible in
the next 60 days)
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
/ /
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[FN]
<F1> 102,102,822 total votes before conversion to Common Stock (see Footnote 1
to Item 5) 2 102,102,822 total votes before conversion to Common Stock (see
Footnote 1 to Item 5)
</FN>
<PAGE>
13 Percent of Class Represented by Amount in Row (11)
49.4%
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14 Type of Reporting Person (See Instructions)
IN
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<PAGE>
SCHEDULE 13D
CUSIP No. 98155 J 10 5
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1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
The Heico Companies, LLC
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) /X/
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3 SEC Use Only
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4 Source of Funds (See Instruction)
BK
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5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
/ /
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6 Citizenship or Place of Organization
Delaware
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7 Sole Voting Power<F1>
28,058,032 on a converted to Common Stock basis.
Number of Shares
Beneficially _____________________________________________________
Owned by 8 Shared Voting Power
Each -0-
Reporting _____________________________________________________
Person 9 Sole Dispositive Power
With 28,058,032 (assuming the exercise and/or
conversion of all options, warrants, and preferred
stock that are exercisable, issuable, or
convertible in the next 60 days)
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10 Shared Dispositive Power
-0-
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
28,058,032 (assuming the exercise and/or conversion of all options,
warrants, and preferred stock that are exercisable, issuable, or convertible in
the next 60 days)
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
/ /
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[FN]
<F1> 102,102,822 total votes before conversion to Common Stock (see Footnote 1
to Item 5) 2 102,102,822 total votes before conversion to Common Stock (see
Footnote 1 to Item 5)
</FN>
<PAGE>
13 Percent of Class Represented by Amount in Row (11)
49.4%
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14 Type of Reporting Person (See Instructions)
CO (limited liability company)
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<PAGE>
Amendment No. 5 to the
Schedule 13D of
Michael E. Heisley, Sr.
and The Heico Companies, LLC
with respect to the Common Stock, par value $0.0001 per share
of WorldPort Communications, Inc.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On August 24, 2000, The Heico Companies, L.L.C. ("Heico") acquired (i) 922,361
shares of Series B Preferred Stock of WorldPort Communications, Inc.
("WorldPort"), (ii) 1,636,743 shares of Common Stock of WorldPort, and (iii)
316,921 shares of Series D Preferred Stock of WorldPort. The $19,223,211.25
purchase price was obtained by Heico under its existing credit facilities, which
are provided by a group of banks for which Bank of America serves as agent.
ITEM 4. PURPOSE OF TRANSACTION.
Heico acquired the securities described in Item 3 above for investment purposes.
Heisley and Heico reserve the right to acquire additional shares of WorldPort
Common Stock, to dispose of shares of WorldPort Common Stock or to formulate
other purposes, plans or proposals, which they, in their sole discretion, deem
advisable regarding WorldPort.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Set forth below is a description of the Common Stock, par value $0.0001 per
share of WorldPort beneficially owned by Heisley, Heico and each Heico Reporting
Person.
<PAGE>
<TABLE>
<CAPTION>
Shares of WorldPort Common Stock Beneficially Owned(1)
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Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive
---- ----------------- ------------------- ---------------------- ------------------
Power
<S> <C> <C> <C> <C>
Michael E. Heisley, Sr. 23,891,791 -0- 23,891,791 -0-
3,750,001 (2) 3,750,001 (2)
416,240 (3) 416,240 (3)
The Heico Companies, LLC 23,891,791 -0- 23,891,791 -0-
3,750,001 (2) 3,750,001 (2)
416,240 (3) 416,240 (3)
Stanley H. Meadows 64,584 -0- 64,584 -0-
</TABLE>
(1) The securities of WorldPort beneficially owned by Heico includes 922,361
shares of Series B Preferred Stock, 1,416,030 shares of Series C Preferred
Stock, 316,921 shares of Series D Preferred Stock, 141,603 shares of Series E
Preferred Stock, and 1,000 shares of Series G Preferred Stock. Each share of
Series B Preferred Stock is currently convertible into 4 shares of Common Stock,
each share of Series C Preferred Stock is currently convertible into 10.865
shares of Common Stock, each share of Series D Preferred Stock is currently
convertible into 1 share of Common Stock, each share of Series E Preferred Stock
is currently convertible into 10.865 shares of Common Stock, each share of
Series F Preferred Stock is currently convertible into 8.8275 shares of Common
Stock, and each share of Series G Preferred Stock is currently convertible into
1,000 shares of Common Stock. In addition, each share of Series B Preferred
Stock and Series C Preferred Stock is entitled to 40 votes per share, each share
of Series D Preferred Stock is entitled to 1 vote per share, each share of
Series E Preferred Stock is entitled to 10.865 votes per share, each share of
Series F Preferred Stock is entitled to 8.8275 votes per share, and each share
of Series G Preferred Stock is entitled to 1,000 votes per share. Accordingly,
Heico beneficially owns securities of WorldPort which represent a total of
102,167,406 votes or approximately 77% of the total votes attributable to
outstanding WorldPort securities.
(2) Represents shares which Heico has an option to acquire.
(3) Represents shares which Heico has the right to acquire upon exercise of
warrants.
<PAGE>
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. This Amendment to the Schedule 13D is filed on behalf of each of the
undersigned.
August 24, 2000
/s/ Michael E. Heisley, Sr.
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Michael E. Heisley, Sr.
The Heico Companies, LLC
By: /s/ Michael E. Heisley, Sr.
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Michael E. Heisley, Sr.
Manager and President
