SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
International Telecommunication Data Systems, Inc.
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
(Title of Class of Securities)
46047F 10 4
(CUSIP Number)
Mark Spitzer
440 Michigan Road
New Canaan, CT 06840
(203) 966-9626
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
With a copy to:
Kenneth E. Adelsberg, Esq.
Winthrop, Stimson, Putnam & Roberts
One Battery Park Plaza
New York, New York 10004-1490
(212) 858-1000
October 24, 1996
(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:
(Continued on following pages)
(Page 1 of 4 Pages)
<PAGE>
================================================================================
CUSIP No. 46047F 10 4 13D Page 2 of 4 Pages
================================================================================
1 NAME OF REPORTING PERSON
I.R.S IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Mark D. Spitzer
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
N/A
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 954,435
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 0
PERSON
WITH 9 SOLE DISPOSITIVE POWER
954,435
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
954,435
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT ON ROW (11)
11.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE>
CUSIP No. 46047F 10 4 13D Page 3 of 4 Pages
Item 1. Security and Issuer.
The class of equity securities to which this statement relates is the
common stock, par value $.01 per share (the "Common Stock"), of International
Telecommunication Data Systems, Inc., a Delaware corporation (the "Company").
The Company's principal executive office is located at 225 High Ridge Road,
Stamford, Connecticut 06905.
Item 2. Identity and Background.
This statement is being filed on behalf of the following filing person
pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, as amended.
Mark D. Spitzer. Mr. Spitzer is not currently employed, and his
residential address is 440 Michigan Road, New Canaan, Connecticut 06840.
Mr. Spitzer is a citizen of the United States.
Mr. Spitzer has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors). Mr.
Spitzer has not, during the last five years, been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and as a result
of such proceeding 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 violations with respect to
such laws.
Item 3. Source and Amount of Funds or Other Consideration.
See Item 4.
Item 4. Purpose of Transaction.
The purpose of the acquisition of securities of the Company is
investment. Mr. Spitzer co-founded the Company; he currently holds 954,435
shares of Common Stock. Mr. Spitzer currently intends to sell all or part of the
shares of Common Stock held by him, depending on market conditions and subject
to his compliance with the applicable requirements under the United States
securities laws. Notwithstanding the foregoing, Mr. Spitzer reserves the right
to continue to hold, for an indefinite period, these shares of Common Stock. Mr.
Spitzer has no other plans or proposals of the type described in Item 4.
Item 5. Interest in Securities of the Issuer.
(a) As of the close of business on November 7, 1997, Mr. Spitzer
beneficially owned 954,435 shares of Common Stock, representing approximately
11.2% of the outstanding shares of Common Stock.
<PAGE>
CUSIP No. 46047F 10 4 13D Page 4 of 4 Pages
(b) Mr. Spitzer has sole power to direct the vote and the disposition
of the shares referenced in clause (a) above.
(c) Mr. Spitzer has not effected any transactions in shares of Common
Stock during the past 60 days; other than the sale of 1,000 shares of Common
Stock at $25.00 per share on November 7, 1997.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
shares of Common Stock.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
N/A
Item 7. Material to be Filed as Exhibits.
N/A
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
DATED: November 7, 1997 /s/ MARK D. SPITZER
--------------------
Mark D. Spitzer
