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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
[X] 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
Allen James C.
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(Last) (First) (Middle)
3023 Club Drive
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(Street)
Destin FL 32541
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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
January 1998
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)
Vice Chairman and Chief Executive 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 1/29/98 J(1) 231,775 D (1) 0 D
Common Stock 1/29/98 J(1) 370 D (1) 0 I (2)
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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 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 $12.50 1/29/98 J(3) 66,667 Immed. 2/19/06 Common 66,667 (3) 0 D
Stock Stock
Option
(right to
buy)
</TABLE>
Explanation of Responses: (1) Each outstanding share of Brooks Fiber Properties,
Inc. ("BFP") common stock was exchanged for 1.85 shares of WorldCom, Inc.
("WorldCom") common stock, having a value of $34.984 per share, pursuant to the
merger of a wholly-owned subsidiary of WorldCom into BFP (the "Merger"). (2)
Represents securities held directly by Linda Allen, the wife of the reporting
person. The reporting person disclaims beneficial ownership of such securities,
and this report should not be deemed an admission that the reporting person is
the beneficial owner of such securities for purposes of Section 16 or for any
other purpose. (3) This option was assumed by WorldCom in the Merger and is now
exercisable for 123,334 shares of WorldCom common stock at an exercise price of
$6.757 per share.
**Intentional misstatements or omissions of facts
constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
James C. Allen February 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.
