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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7 )*
LCI International, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
501813109
(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 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 1 of 9 Pages
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CUSIP NO. 501813109 13G Page 2 of 9 Pages
- ------------------------------ ------ ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Capital Company, L.P.
- ---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) [X]
- ---------- --------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------- ----- --------------------------------------------------------------
5 SOLE VOTING POWER
-0-
----- ---------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,128,220
OWNED BY
EACH ------ ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
----- ----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
11,128,220
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,128,220
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 501813109 13G Page 3 of 9 Pages
- ------------------------------ ------ ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., LLC
- ---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) [X]
- ---------- --------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ---------- ----- --------------------------------------------------------------
5 SOLE VOTING POWER
-0-
----- ---------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,128,220
OWNED BY
EACH ------ ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
----- ----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
11,128,220
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,128,220
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 501813109 13G Page 4 of 9 Pages
- ------------------------------ ------ ------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co.
- ---------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) [X]
- ---------- --------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ---------- ----- --------------------------------------------------------------
5 SOLE VOTING POWER
-0-
----- ---------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 11,128,220
OWNED BY
EACH ------ ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
----- ----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
11,128,220
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,128,220
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer:
LCI International, Inc. (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
8180 Greensboro Drive
Suite 800
McLean, VA 22102
Items 2(a) Name of Person Filing; Address of Principal
and (b). Business Office:
This statement is filed by and on behalf of (a)
Warburg, Pincus Capital Company, L.P., a Delaware
limited partnership ("WPCC"); (b) E.M. Warburg, Pincus
& Co., LLC, a New York limited liability company ("EMW
LLC"); and (c) Warburg, Pincus & Co., a New York
general partnership ("WP"). The sole general partner
of WPCC is WP. EMW LLC manages WPCC. The members of
EMW LLC are substantially the same as the partners of
WP. Lionel I. Pincus is the managing partner of WP and
the managing member of EMW LLC and may be deemed to
control both WP and EMW LLC. WP, as the sole general
partner of WPCC, has a 20% interest in the profits of
WPCC. The business address of each of the foregoing is
466 Lexington Avenue, New York, New York 10017.
WPCC, EMW LLC and WP are collectively referred to
herein as the "Reporting Entities."
Item 2(c). Citizenship:
Not Applicable
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share (the "Common
Stock")
Item 2(e). CUSIP Number:
501813109
Item 3. Not Applicable
Page 5 of 9 Pages
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Item 4. Ownership:
(a) 11,128,220 shares of Common Stock, as of December
31, 1996.
The 11,128,220 shares of Common Stock beneficially
owned by the Reporting Entities as of December 31,
1996 includes (i) 5,969,664 shares of Common Stock and
(ii) 5,158,556 shares issuable upon exercise of
currently exercisable warrants to purchase Common
Stock.
(b) 13.5%
(c) (i) -0-
(ii) 11,128,220
(iii) -0-
(iv) 11,128,220
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
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:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification:
Not Applicable
Page 6 of 9 Pages
<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.
Dated: February 12, 1997
WARBURG, PINCUS CAPITAL COMPANY, L.P.
By: Warburg, Pincus & Co.,
its General Partner
By: /s/ Stephen Distler
Stephen Distler, Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
Stephen Distler, Member
Page 7 of 9 Pages
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page
- ----------- ----------- ----
99 Joint Filing Agreement, dated 9
February 12, 1997, among the
signatories to this Schedule 13G.
Page 8 of 9 Pages
<PAGE>
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(f)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing agreements. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent it knows or has reason to believe that such information is
inaccurate. This Joint Filing Agreement may be executed in any number of
counterparts and all of such counterparts taken together shall constitute one
and the same instrument.
Dated: February 12, 1997
WARBURG, PINCUS CAPITAL COMPANY, L.P.
By: Warburg, Pincus & Co.,
its General Partner
By: /s/ Stephen Distler
Stephen Distler, Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
Stephen Distler, Member
Page 9 of 9 Pages
