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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)
(AMENDMENT NO. 1)
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) 966-9926
(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
November 20, 1997
(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)
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CUSIP NO. 46047F 10 4 13D PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Mark D. Spitzer
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 831,935
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,000
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EACH 9 SOLE DISPOSITIVE POWER
PERSON 831,935
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WITH 10 SHARED DISPOSITIVE POWER
10,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
841,935
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT ON ROW (11)
9.9%
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14 TYPE OF REPORTING PERSON
IN
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CUSIP No. 46047F 10 4 13D Page 3 of 4 Pages
AMENDMENT NO. 1 TO SCHEDULE 13D
The items identified below are amended as set forth below.
Item 2. Identity and Background.
This Amendment No. 1 to Schedule 13D is being filed on behalf of Mark D.
Spitzer pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, as
amended.
Item 4. Purpose of Transaction.
Since November 20, 1997, Mr. Spitzer has disposed of an aggregate amount
of 122,500 shares of Common Stock, as more fully described in Schedule A
attached hereto. Mr. Spitzer currently intends to sell all or part of the
remaining shares of Common Stock held by him, depending on market conditions.
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 January 31, 1998, Mr. Spitzer beneficially owned 841,935 shares
of Common Stock, representing approximately 9.9% of the shares of Common Stock
outstanding as of October 24, 1997.
(b) Mr. Spitzer has sole power to direct the vote and the disposition of
831,935 shares of Common Stock. Mr. Spitzer has the shared power to direct the
vote and the disposition of 10,000 shares of Common Stock held in the name of
the Mark D. Spitzer Family Foundation (the "Foundation"). Mr. Spitzer is the
President and Chairman of the Board of the Foundation, and in such capacities
has control over the voting and disposition of the shares of Common Stock held
by the Foundation.
(c) Mr. Spitzer has not effected any transactions in shares of Common
Stock during the past 60 days, other than as set forth in Schedule A attached
hereto.
(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, except as set forth above.
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: February 5, 1998 /c/ Mark D. Spitzer
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Mark D. Spitzer
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CUSIP No. 46047F104 13D Page 4 of 4 Pages
SCHEDULE A
SALES OF COMMON STOCK
<TABLE>
<CAPTION>
Amount of Common Stock
Date of Sale Sold of Transferred Price Total Proceeds
- ------------ ---------------------- -------- --------------
<S> <C> <C> <C>
11/20/97 40,000 shares $26.25 $1,050,000
1/5/98 20,000 shares $32.25 $ 645,000
1/9/98 10,000 shares* $ 0 $ 0
1/16/98 20,000 shares $33.9375 $ 678,750
1/20/98 20,000 shares $34.0625 $ 681,250
1/28/98 10,500 shares $38.2056 $ 401,158.80
1/28/98 2,000 shares $38.0625 $ 76,125.00
</TABLE>
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* Shares were transferred from Mr. Spitzer to the Foundation as a charitable
donation.
