U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
America Online, Inc.
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(Last) (First) (Middle)
22000 AOL Way
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(Street)
Dulles VA 20166
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
12/21/99
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
MapQuest.com, Inc./MQST
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form Filed by One Reporting Person
[_] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Form 3-07/98)
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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Option to Purchase
Common Stock (1) (2) Common Stock 3,571,661 $27.00 D
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Explanation of Responses:
(1) As an inducement for the Reporting Person to enter into an Agreement and
Plan of Merger dated as of December 21, 1999 (the "Merger Agreement") and
in consideration thereof, the Issuer and the Reporting Person entered into
a Stock Option Agreement (the "Option Agreement"), dated as of December 21,
1999, whereby the Issuer granted to the Reporting Person an option (the
"Option") to purchase described in Table II above. Upon the terms and
subject to the conditions set forth in the Option Agreement, the Reporting
Person may exercise the Option, in whole or in part, at any time or from
time to time following the occurrence of certain events (each, a
"Triggering Event"). In general, Triggering Events include: the termination
of the Merger Agreement by reason of (i) the failure of the Issuer's
stockholders to approve and adopt the Merger Agreement; (ii) the Board of
Directors of the Issuer having (1) approved or recommended, or proposed to
approve or recommend, any Acquisition Proposal (as defined in the Merger
Agreement) other than the Merger, (2) failed to present and recommend the
approval and adoption of the Merger Agreement and the Merger to the
stockholders of the Issuer, or withdrawn or modified, or proposed to
withdraw or modify, in a manner adverse to the Reporting Person or Merger
Sub, its approval or recommendation of the Merger, the Merger Agreement or
the transactions contemplated thereby, (3) failed to mail the proxy
statement relating to the approval of the Merger Agreement to the Issuer's
stockholders when such proxy statement is available for mailing or failed
to include therein such approval and recommendation; (4) upon a request by
the Reporting Person, failed to publicly reaffirm, within two business days
from such request, the approval and recommendation of the Merger, the
Merger Agreement or the transactions contemplated thereby, (5) entered, or
caused the Issuer or any of its material subsidiaries to enter, into any
letter of intent, agreement in principle, acquisition agreement or other
similar agreement related to any Acquisition Proposal, (6) taken any action
prohibited by Section 4.2 the Merger Agreement (relating to restrictions on
soliciting, approving and taking other actions with respect to Acquisition
Proposals), (7) materially breached the Option Agreement or (8) resolved or
announced its intention to do any of the foregoing; (iii) a third party
acquiring beneficial ownership or the right to acquire 20% or more of
outstanding shares of capital stock or other equity interests of the Issuer
or any material subsidiary; (iv) the Issuer willfully breaching any of its
covenants contained in the Merger Agreement, and (v) any of the
Stockholders breaching or failing to perform, in any material respect, any
representation, warranty, covenant or agreement contained in the
Stockholders Agreement such that the breach or failure to perform has a
material adverse effect on or materially impedes the ability of the parties
to consummate the Merger.
(2) The Option expires on the date which is one year from the date of
termination of the Merger Agreement. In addition, the Option will terminate
at the earliest of (i) the completion of the Merger or (ii) the termination
of the Merger Agreement other than under circumstances which constitute a
Triggering Event. Notwithstanding the termination of the Option, the
Reporting Person shall be entitled to purchase those shares of Common Stock
with respect to which it may have exercised the Option in accordance with
its terms prior to the expiration date.
/s/J. Michael Kelly January 3, 2000
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**Signature of Reporting Person Date
J. Michael Kelly
Senior Vice President and
Chief Financial Officer
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
