<PAGE>1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
LCI International, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
501813109
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A
fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the
class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).
*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>2
- ----------------------
CUSIP No. 501813109 13G
------------
- ----------------------
- ---------- -------------------------------------------------------------------
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 16,268,989
OWNED BY
------ --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ --------------------------------------------------
8 SHARED DISPOSITIVE POWER
16,268,989
- ---------- -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
16,268,989
- ---------- -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.0%
- ---------- -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>3
- ---------------------
CUSIP No. 501813109 13G
-----------
- ---------------------
- ---------- -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., Inc.
- ---------- -------------------------------------------------------------------
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 16,268,989
OWNED BY
------ --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ --------------------------------------------------
8 SHARED DISPOSITIVE POWER
16,268,989
- ---------- -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
16,268,989
- ---------- -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.0%
- ---------- -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ---------- -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>4
- ---------------------
CUSIP No. 501813109 13G
-----------
- ---------------------
- ---------- -------------------------------------------------------------------
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 16,268,989
OWNED BY
------ --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ --------------------------------------------------
8 SHARED DISPOSITIVE POWER
16,268,989
- ---------- -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
16,268,989
- ---------- -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.0%
- ---------- -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILING OUT!
<PAGE>5
- ----------------------
CUSIP No. 501813109 13G
------------
- ----------------------
- ---------- -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Ventures, Inc.
- ---------- -------------------------------------------------------------------
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 16,268,989
OWNED BY
------ --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ --------------------------------------------------
8 SHARED DISPOSITIVE POWER
16,268,989
- ---------- -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
16,268,989
- ---------- -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.0%
- ---------- -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ---------- -------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>6
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 Business Office:
and (b).
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., Inc., a Delaware
corporation ("EMW"); (c) Warburg, Pincus & Co., a New York
general partnership ("WP"); and (d) Warburg, Pincus
Ventures, Inc., a Delaware corporation ("WPV"), which is
a wholly-owned subsidiary of EMW. EMW owns 0.9% of the
limited partnership interests in WPCC. WP is the owner of
all the outstanding common stock of EMW and, as the sole
general partner of WPCC, has a 20% interest in the profits of
WPCC. WPV has entered into a management agreement with
WPCC for the management of all investments made by it.
Lionel I. Pincus is the managing partner of WP and may be
deemed to control it. The business address of each of the
foregoing is 466 Lexington Avenue, New York, New York 10017.
WPCC, EMW, WP and WPV 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
Item 4. Ownership:
(a) 16,268,989 shares of Common Stock, as of
June 30, 1996.
The 16,268,989 shares of Common Stock beneficially
owned by the Reporting Entities as of June 30, 1996 includes
(i) 11,042,413 shares of Common Stock, (ii) 5,158,556
shares issuable upon exercise of currently exercisable
warrants to purchase Common Stock and (iii) 68,020 shares
issuable upon exercise of currently exercisable options to
purchase Common Stock which options WPCC has the right to
acquire from two officers of the Issuer pursuant to
separate agreements with such officers.
(b) 21.0%
(c) (i) -0-
(ii) 16,268,989
(iii) -0-
(iv) 16,268,989
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
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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: July 5, 1996
WARBURG, PINCUS CAPITAL COMPANY, L.P.
By: Warburg, Pincus & Co., General
Partner
By: /s/ Stephen Distler
Stephen Distler, Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
Stephen Distler, Partner
E.M. WARBURG, PINCUS & CO., INC.
By: /s/ Stephen Distler
Stephen Distler
Managing Director
WARBURG, PINCUS VENTURES, INC.
By: /s/ Stephen Distler
Stephen Distler
Managing Director
