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OMB APPROVAL
OMB Number:3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. *)
ICG Communications, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
- - -----------------------------------------------------------------
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449246107
(CUSIP Number)
Carolyn S. Reiser, Esq.
Shartsis Friese & Ginsburg
One Maritime Plaza, 18th Floor
San Francisco, CA 94111
(415) 421-6500
- - -----------------------------------------------------------------
- - ----------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices
and Communications)
December 12, 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 / /.
Check the following box if a fee is being paid with the statement
/ /. (A
fee is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should
be filed
with the Commission. See Rule 13d-1(a) for other parties to whom
copies are
to be sent.
* 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 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).
SEC
1746 (12-91)
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SCHEDULE 13D
CUSIP No. 449246107 Page 2 of 10
Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
West Highland Capital, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /
X /
(b) /
/
- - -----------------------------------------------------------------
- - ----------
3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO
ITEMS 2(d) or 2(E)
/ /
- - -----------------------------------------------------------------
- - ----------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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- - ----------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
- - --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,733,000
REPORTING
- - --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
- - --------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,733,000
- - -----------------------------------------------------------------
- - ----------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,733,000
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- - ----------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- - -----------------------------------------------------------------
- - ----------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2
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14 TYPE OF REPORTING PERSON*
CO and IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
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SCHEDULE 13D
CUSIP No. 449246107 Page 3 of 10
Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Estero Partners, LLC
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- - ----------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /
X /
(b) /
/
- - -----------------------------------------------------------------
- - ----------
3 SEC USE ONLY
- - -----------------------------------------------------------------
- - ----------
4 SOURCE OF FUNDS*
AF
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- - ----------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO
ITEMS 2(d) or 2(E)
/ /
- - -----------------------------------------------------------------
- - ----------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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- - ----------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
- - --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,438,390
REPORTING
- - --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
- - --------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,438,390
- - -----------------------------------------------------------------
- - ----------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,438,390
- - -----------------------------------------------------------------
- - ----------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- - -----------------------------------------------------------------
- - ----------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.3
- - -----------------------------------------------------------------
- - ----------
14 TYPE OF REPORTING PERSON*
OO
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- - ----------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
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<PAGE>
SCHEDULE 13D
CUSIP No. 449246107 Page 4 of 10
Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Lang H. Gerhard
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- - ----------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /
X /
(b) /
/
- - -----------------------------------------------------------------
- - ----------
3 SEC USE ONLY
- - -----------------------------------------------------------------
- - ----------
4 SOURCE OF FUNDS*
AF
- - -----------------------------------------------------------------
- - ----------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO
ITEMS 2(d) or 2(E)
/ /
- - -----------------------------------------------------------------
- - ----------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- - -----------------------------------------------------------------
- - ----------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
- - --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,438,390
REPORTING
- - --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
- - --------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,438,390
- - -----------------------------------------------------------------
- - ----------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,438,390
- - -----------------------------------------------------------------
- - ----------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- - -----------------------------------------------------------------
- - ----------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.3
- - -----------------------------------------------------------------
- - ----------
14 TYPE OF REPORTING PERSON*
IN
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- - ----------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 449246107 Page 5 of 10
Pages
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- - ----------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
West Highland Partners, L.P.
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- - ----------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /
X /
(b) /
/
- - -----------------------------------------------------------------
- - ----------
3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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- - ----------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO
ITEMS 2(d) or 2(E)
/ /
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- - ----------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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- - ----------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
- - --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,195,770
REPORTING
- - --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
- - --------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,195,770
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- - ----------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,195,770
- - -----------------------------------------------------------------
- - ----------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
- - -----------------------------------------------------------------
- - ----------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6
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- - ----------
14 TYPE OF REPORTING PERSON*
PN
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- - ----------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 449246107 Page 6 of 10
Pages
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- - ----------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Buttonwood Partners, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /
X /
(b) /
/
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- - ----------
3 SEC USE ONLY
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- - ----------
4 SOURCE OF FUNDS*
WC
- - -----------------------------------------------------------------
- - ----------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO
ITEMS 2(d) or 2(E)
/ /
- - -----------------------------------------------------------------
- - ----------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- - -----------------------------------------------------------------
- - ----------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
- - --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 242,620
REPORTING
- - --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
- - --------------------------------------------------
10 SHARED DISPOSITIVE POWER
242,620
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- - ----------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
242,620
- - -----------------------------------------------------------------
- - ----------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
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- - ----------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7
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- - ----------
14 TYPE OF REPORTING PERSON*
PN
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- - ----------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 449246107 Page 7 of 10
Pages
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock (the "Stock") of
ICG
Communications, Inc. ("ICGX"). The principal executive office of
ICGX is
located at 9605 East Maroon Circle, Englewood, Colorado 80112.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement and the persons enumerated in
Instruction
C of Schedule 13D and, where applicable, their respective places of
organization, general partners, directors, executive officers and
controlling
persons, and the information regarding them, is as follows:
(a) Lang H. Gerhard ("Gerhard"); West Highland Capital, Inc., a
California
corporation ("WHC"); Estero Partners, LLC, a California
limited
liability company ("LLC"); West Highland Partners, L.P., a
California
limited partnership ("WHP"); Buttonwood Partners, L.P., a
California
limited partnership ("BP").
(b) The business address of Gerhard, WHC, LLC, WHP and BP is 300
Drake's
Landing Road, Suite 290, Greenbrae, California 94904.
(c) Gerhard is the sole director and occupies all the executive
offices of
WHC, which is an investment adviser. Gerhard is the sole
manager of
LLC. WHC, LLC and Gerhard are the general partners of WHP and
BP, which
are investment limited partnerships.
(d) During the last five years, none of such persons has been
convicted in
a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of such persons was 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 violation with respect to such
laws.
(f) Gerhard is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of funds used in purchasing the Stock were as
follows:
Purchaser Source of Funds Amount
WHC Funds Under Management(1) $38,214,258.50
WHP Working Capital $26,367,838.36
BP Working Capital $ 5,349,996.19
(1) Includes funds invested by WHP and BP in Stock.
<PAGE>
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SCHEDULE 13D
CUSIP No. 449246107 Page 8 of 10
Pages
ITEM 4. PURPOSE OF TRANSACTION.
The sole purpose of the acquisitions of the Stock reported herein
was and is
for investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The beneficial ownership of the Stock of the persons named in Item
2 of this
statement is as follows at the date hereof:
Aggregate
Beneficially
Owned Voting Power Dispositive Power
Name Number Percent Sole Shared Sole Shared
WHC 1,733,000 5.2 -0- 1,733,000 -0-
1,733,000
Gerhard 1,438,390 4.3 -0- 1,438,390 -0-
1,438,390
LLC 1,438,390 4.3 -0- 1,438,390 -0-
1,438,390
WHP 1,195,770 3.6 -0- 1,195,770 -0-
1,195,770
BP 242,620 0.7 -0- 242,620 -0-
242,620
The persons filing this statement effected the following
transactions in the
Stock on the dates indicated, and such transactions are the only
transactions
by the persons filing this statement in the Stock since October 13,
1997:
Purchase Number Price
Name or Sale Date of Shares Per Share
WHP P 10-13-97 24,150 24.5804
WHP P 10-13-97 36,570 24.5719
BP P 10-13-97 4,900 24.5804
BP P 10-13-97 7,420 24.5719
WHC P 10-13-97 5,950 24.5804
WHC P 10-13-97 9,010 24.5719
WHP P 12-12-97 100,050 26.3664
BP P 12-12-97 20,300 26.3664
WHC P 12-12-97 24,650 26.3664
All transactions were executed through the Nasdaq National Market
System.
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<PAGE>
SCHEDULE 13D
CUSIP No. 449246107 Page 9 of 10
Pages
ITEM. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH
RESPECT TO SECURITIES OF THE ISSUER.
Gerhard, WHC and LLC are the general partners of WHP and BP
pursuant to
limited partnership agreements providing to Gerhard, WHC and LLC
the
authority, among other things, to invest the funds of WHP and BP in
Stock, to
vote and dispose of stock and to file this statement on behalf of
WHP and BP.
Pursuant to such limited partnership agreements, the general
partners of WHP
and BP are entitled to allocations based on assets under management
and
realized and unrealized gains, if certain conditions are met.
Pursuant to
investment management agreements, WHC is authorized, among other
things, to
invest funds of its various investment advisory clients, and to
vote and
dispose of those securities. Such investment management agreements
may be
terminated by either party on notice as provided in such agreements
and
provide for fees payable to WHC based on assets under management
and realized
and unrealized gains.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A. Agreement Regarding Joint Filing of Statement on Schedule 13D
or 13G
(including power of attorney).
SIGNATURES
After reasonable inquiry and to the best of my knowledge, I
certify that
the information set forth in this statement is true, complete and
correct.
DATED: December 22, 1997.
/s/ Lang H. Gerhard WEST HIGHLAND PARTNERS,
L.P.
Lang H. Gerhard
WEST HIGHLAND CAPITAL, INC. By: /s/ Lang H. Gerhard
Lang H. Gerhard,
General Partner
By: /s/ Lang H. Gerhard
Lang H. Gerhard, President BUTTONWOOD PARTNERS, L.P.
ESTERO PARTNERS, LLC
By: /s/ Lang H. Gerhard
Lang H. Gerhard,
General Partner
By: /s/ Lang H. Gerhard
Lang H. Gerhard, Manager
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 449246107 Page 10 of
10 Pages
EXHIBIT
A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file jointly with the Securities and
Exchange
Commission (the "SEC") any and all statements on Schedule 13D or
Schedule 13G
(and any amendments or supplements thereto) required under section
13(d) of
the Securities Exchange Act of 1934, as amended, in connection with
purchases
by the undersigned of securities of ICG Communications, Inc. For
that
purpose, the undersigned hereby constitute and appoint West
Highland Capital,
Inc., a California corporation, as their true and lawful agent and
attorney-
in-fact, with full power and authority for and on behalf of the
undersigned
to prepare or cause to be prepared, sign, file with the SEC and
furnish to
any other person all certificates, instruments, agreements and
documents
necessary to comply with section 13(d) and section 16(a) of the
Securities
Exchange Act of 1934, as amended, in connection with said
purchases, and to
do and perform every act necessary and proper to be done incident
to the
exercise of the foregoing power, as fully as the undersigned might
or could
do if personally present.
DATED: December 22, 1997.
/s/ Lang H. Gerhard WEST HIGHLAND PARTNERS,
L.P.
Lang H. Gerhard
WEST HIGHLAND CAPITAL, INC. By: /s/ Lang H. Gerhard
Lang H. Gerhard,
General Partner
By: /s/ Lang H. Gerhard
Lang H. Gerhard, President BUTTONWOOD PARTNERS, L.P.
ESTERO PARTNERS, LLC
By: /s/ Lang H. Gerhard
Lang H. Gerhard,
General Partner
By: /s/ Lang H. Gerhard
Lang H. Gerhard, Manager
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