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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
- -------- Washington, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check box if no longer subject to Section 16. Form 4 or 5 obligations may
continue. See Instruction 1(b)
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1. Name and Address of Reporting Person
Young D. Craig
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(Last) (First) (Middle)
7 Willowmere Drive
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(Street)
S. Barrington Illinois 60010
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Brooks Fiber Properties, Inc.
Nasdaq symbol "BFPT"
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
December 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director
[ ] 10% Owner
[X] Officer (give title below)
President and Chief Operating Officer
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[ ] Other (specify below)
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7. Individual or Joint/Group Filing
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<PAGE>
<TABLE>
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Table 1 - Non Derivative Securities Acquired, Disposed of, or Beneficially Owned
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<CAPTION>
1. Title of Security 2. Transaction Date 3. Transaction 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) (Month/Day/Year) Code (A) or Disposed of (D) Securities Form: Indirect
(Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct Beneficial
Owned at (D) or Ownership
End of Month Indirect (instr. 4)
(Instr. 3 (I)
and 4) (Instr. 4)
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Code V Amount (A) Price
or
(D)
------ ------ -------- --- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 12/5/97 M 20,000 A $4.00 D
Common Stock 12/5/97 S 20,000 D $56.75 D
Common Stock 12/18/97 M 20,000 A $4.00 D
Common Stock 12/18/97 S 20,000 D $56.00 D
Common Stock 12/22/97 M 6,666 A $12.50 D
Common Stock 12/22/97 S 6,666 D $56.1694 D
Common Stock 12/22/97 M 14,086 A $25.50 D
Common Stock 12/22/97 S 14,086 D $56.1694 29,653 D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Response)
<PAGE>
FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed
of, or Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
<TABLE>
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
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Title and Ownership
Number of Date Exer- Amount of Form of
Derivative cisable and Underlying Number of Deriv-
Securities Expiration Securities Price Derivative ative
Conver- Trans- Acquired (A) Date (Month/ (Instr. 3 of Securities Security:
sion or Trans- action or Disposed Day/Year) and 4) Deriv- Benefi- Direct
Exercise action Code of (D) -------------- -------------- ative cially (D) or Nature of
Title of Price of Date (Instr. (Instr. 3, Date Amount Secur- Owned at Indirect Indirect
Derivative Deriv- (Month/ 8) 4 and 5) Exer- Expir- or Num- ity End of (I) Beneficial
Security ative Day/ -------- ---------- cis- ation ber of (Instr. Month (Instr. Ownership
(Instr. 3) Security Year) Code V (A) (D) able(1) Date Title Shares 5) (Instr. 4) 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee $25.50 1/1/97 A 35,752 1/1/97 4/12/05 Common 35,752 D
Stock Stock
Option
(right to
buy)
Employee $4.00 12/5/97 M 20,000 4/13/97 4/12/05 Common 20,000 D
Stock Stock
Option
(right to
buy)
Employee $4.00 12/18/97 M 20,000 4/13/97 4/12/05 Common 20,000 68,333 D
Stock Stock
Option
(right to
buy)
Employee $12.50 12/22/97 M 6,666 2/20/97 2/19/06 Common 6,666 13,334 D
Stock Stock
Option
(right to
buy)
Employee $25.50 12/22/97 M 14,086 1/1/97 4/12/05 Common 14,086 21,666 D
Stock Stock
Option
(right to
buy)
</TABLE>
Explanation of Responses: (1) Represents date that all of the
options exercised were fully vested.
**Intentional misstatements or omissions of facts
constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
D. Craig Young January 10, 1998
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**Signature of Reporting Person Date
Note. File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
