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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. *)
ICG COMMUNICATIONS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
449246107
(CUSIP Number)
August 12, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/___/ Rule 13d-1(b)
/_X_/ Rule 13d-1(c)
/___/ Rule 13d-1(d)
* 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).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB control number.
SEC 1745 (3-98) Page 1 of 11
CUSIP No. 449246107
- -------------- --------------------------------------------------
1 NAME OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
West Highland Capital, Inc.
- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)/X /
(b)/ /
- --------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 3,000,000
REPORTING -------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------
8 SHARED DISPOSITIVE POWER
3,000,000
- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000,000
- --------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions)
- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.6%
- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
CO and IA
- --------------------------------------------------------------------
Page 2 of 11
CUSIP No. 449246107
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Estero Partners, LLC
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)/X /
(b)/ /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 2,431,445
REPORTING ---------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
---------------------------------------
8 SHARED DISPOSITIVE POWER
2,431,445
- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,431,445
- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions)
- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
OO
- ----------------------------------------------------------------
Page 3 of 11
CUSIP No. 449246107
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Lang H. Gerhard
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)/X /
(b)/ /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 3,000,000
REPORTING ---------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
---------------------------------------
8 SHARED DISPOSITIVE POWER
3,000,000
- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000,000
- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions)
- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.6%
- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
IN
- ----------------------------------------------------------------
Page 4 of 11
CUSIP No. 449246107
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
West Highland Partners, L.P.
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)/X /
(b)/ /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 2,100,000
REPORTING ---------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
---------------------------------------
8 SHARED DISPOSITIVE POWER
2,100,000
- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,100,000
- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions)
- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.6%
- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
- ----------------------------------------------------------------
Page 5 of 11
CUSIP No. 449246107
- ----------------------------------------------------------------
1 NAME OF REPORTING PERSONS
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Buttonwood Partners, L.P.
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)/X /
(b)/ /
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- ----------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 331,445
REPORTING ---------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
---------------------------------------
8 SHARED DISPOSITIVE POWER
331,445
- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
331,445
- ----------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions)
- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7%
- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
- ----------------------------------------------------------------
Page 6 of 11
CUSIP No. 449246107 13G
ITEM 1.
(a) The name of the issuer is ICG Communications, Inc. (the
"Issuer").
(b) The principal executive office of the Issuer is located at 161
Inverness Drive West, Englewood, CO 80112.
ITEM 2.
(a) The names of the persons filing this statement are West Highland
Capital, Inc. ("WHC"), Lang H. Gerhard ("Gerhard"), Estero Partners, LLC
("LLC"), West Highland Partners, L.P. ("WHP") and Buttonwood Partners, L.P.
("BP") (collectively, the "Filers").
(b) The principal business office of the Filers is located at 300
Drakes Landing Road, Suite 290, Greenbrae, CA 94904.
(c) WHC is a California corporation, LLC is a California limited
liability company, WHP and BP are California limited partnerships and
Gerhard is a United States citizen.
(d) This statement relates to shares of Common Stock of the Issuer
(the "Stock").
(e) The CUSIP number of the Stock is 449246107.
Page 7 of 11
CUSIP No. 449246107 13G
ITEM 3. If this statement is filed pursuant to rule 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) ___ Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) ___ Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) ___ Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) ___ Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) ___ An investment adviser in accordance with 240.13d-
1(b)(1)(ii)(E).
(f) ___ An employee benefit plan or endowment fund in accordance
with 240.13d-1(b)(1)(ii)(F).
(g) ___ A parent holding company or control person in accordance
with 240.13d-1(b)(1)(ii)(G)
(h) ___ A savings association as defined in section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) ___ A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3).
(j) ___ Group, in accordance with section 240.13d-1(b)(1)(ii)(J)
Page 8 of 11
CUSIP No. 449246107 13G
ITEM 4. OWNERSHIP.
See Items 5-9 and 11 of the cover sheet for each Filer.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following /___/.
ITEM. 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
WHC is an investment adviser whose clients have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the
sale of, the Stock. Gerhard is the sole shareholder of WHC and the Manager
of LLC. WHC, LLC and Gerhard are the general partners of WHP and BP, which
are investment limited partnerships. No single client of WHC holds more
than five percent of the Stock.
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
See Item 2(a) of this Schedule.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
Page 9 of 11
CUSIP No. 449246107 13G
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose
or effect.
SIGNATURES
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: August 24, 1998
LANG H. GERHARD WEST HIGHLAND PARTNERS, L.P.
By: West Highland Capital, Inc. By: West Highland Capital, Inc.
Attorney-in-Fact Attorney-in-Fact
By: /s/ Bonnie G. George By: /s/ Bonnie G. George
Bonnie G. George Bonnie G. George,
Chief Operating Officer Chief Operating Officer
WEST HIGHLAND CAPITAL, INC. BUTTONWOOD PARTNERS, L.P.
By: /s/ Bonnie G. George By: West Highland Capital, Inc.
Bonnie G. George Attorney-in-Fact
Chief Operating Officer
By: /s/ Bonnie G. George
Bonnie G. George
Chief Operating Officer
ESTERO PARTNERS, LLC
By: West Highland Capital, Inc.
Attorney-in-Fact
By: /s/ Bonnie G. George
Bonnie G. George
Chief Operating Officer
Page 10 of 11
SCHEDULE 13D
CUSIP No. 449246107
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.
and any other issuer, until such time as the undersigned file with the SEC
a statement terminating this Agreement Regarding Joint Filing of Statement
on Schedule 13D or 13G. 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, until such time as the undersigned file with the SEC a
statement terminating this Agreement Regarding Joint Filing of Statement on
Schedule 13D or 13G.
DATED: August 24, 1998
LANG H. GERHARD WEST HIGHLAND PARTNERS, L.P.
By: West Highland Capital, Inc. By: West Highland Capital, Inc.
Attorney-in-Fact Attorney-in-Fact
By: /s/ Bonnie G. George By: /s/ Bonnie G. George
Bonnie G. George Bonnie G. George,
Chief Operating Officer Chief Operating Officer
WEST HIGHLAND CAPITAL, INC. BUTTONWOOD PARTNERS, L.P.
By: /s/ Bonnie G. George By: West Highland Capital, Inc.
Bonnie G. George Attorney-in-Fact
Chief Operating Officer
By: /s/ Bonnie G. George
Bonnie G. George
Chief Operating Officer
ESTERO PARTNERS, LLC
By: West Highland Capital, Inc.
Attorney-in-Fact
By: /s/ Bonnie G. George
Bonnie G. George
Chief Operating Officer
Page 11 of 11
2463.41\1005548
