UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16. Form 4 or
Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person:
The Lumpkin Foundation
c/o Steven L. Grissom
121 South 17th Street
Mattoon, Illinois 61938
U.S.A.
2. Issuer Name and Ticker or Trading Symbol:
McLeodUSA Incorporated
MCLD
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year:
November 1998
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person(s) to Issuer (Check all
applicable):
( ) Director ( ) 10% Owner ( ) Officer (give title below)
(x) Other (specify below)
Member of 13(d) group owning more than 10%
7. Individual or Joint/Group Filing (Check Applicable Line):
(x) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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<TABLE>
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Table I -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
1. Title of 2. Trans- 3. Transaction 4. Securities Acquired (A) or 5. Amount of 6. Owner- 7. Nature
Security action Code Disposed of (D) Securities ship Form: of
(Instr. 3) Date (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Indirect
(Month / Owned at End or Beneficial
Day/Year) of Month Indirect Ownership
(Instr. 3 and (I) (Instr. 4)
4) (Instr. 4)
Code V Amount (A)or(D) Price
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A 11/05/98 S 4,616 D 35.75 204,049 D
Common Stock
11/05/98 S 3,077 D 35.50 204,049 D
11/06/98 S 3,846 D 35.00 204,049 D
11/06/98 S 1,923 D 35.25 204,049 D
11/06/98 S 1,539 D 35.50 204,049 D
11/06/98 S 230 D 36.50 204,049 D
/TABLE
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<TABLE>
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Table II -- Derivative Securities Acquired,
Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
9.
5. Number of 10.
Number Deriva- Owner- 11.
of Deriv- tive ship Form Nature
ative Se- Securi- of Deriva- of Indi-
2. 3. curities 7. ties tive rect
Conversion Trans- 4. Acquired 6. Title and Benefi- Security: Benefi-
1. or action Trans- (A) or Date Exer- Amount of 8. cially Direct (D) cial
Title of Exercise Date action Disposed cisable and Underlying Price of Owned at or Indi- Owner-
Derivative Price of (Month/ Code of (D) Expiration Securities Derivative End of rect ship
Security Derivative Day/ (Instr. (Instr. 3, Date (Month/ (Instr. 3 Security Month (I) (Instr.
(Instr. 3) Security Year) 8) 4 and 5) Day/Year) and 4) (Instr. 5) (Instr. 4) (Instr. 4) 4)
---------- ---------- ------- ------- ---------- ------------ ---------- ---------- ---------- ---------- -------
Code V (A) (D) Date Expir- Title Amount
Exer- ation or
cisable Date Number
of Shares
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
SIGNATURE OF REPORTING PERSON:
The Lumpkin Foundation
By:
Steven L. Grissom
Assistant Treasurer
DATE: December __, 1998
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