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:
April 1999
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<PAGE>
Table I -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
6. Owner-
5. Amount of ship Form:
2. Trans- Securities Direct
action Beneficially (D) or
1. Title of Date 3. Trans- 4. Securities Acquired Owned at End Indirect 7. Nature of Indirect
Security (Month/ action Code (A) or Disposed of (D) of Month (I) Beneficial Ownership
(Instr. 3) Day/Year) (Instr. 8) (Instr. 3, 4 & 5) (Instr. 3 & 4) (Instr. 4) (Instr. 4)
---------- --------- ----------- ---------------------- -------------- ---------- ---------------------
Code V Amount (A)or(D) Price
---- - ------ -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A 04/01/99 S 2,115 D 43.50 D
Common Stock
04/01/99 S 192 D 43.56 D
04/05/99 S 1,154 D 43.88 D
04/05/99 S 769 D 44.00 D
04/05/99 S 769 D 44.13 D
04/09/99 S 21,708 D 47.84 D
04/12/99 S 1,364 D 51.75 D
04/12/99 S 455 D 52.13 D
04/13/99 S 909 D 52.63 D
04/13/99 S 1,818 D 52.75 D
04/13/99 S 454 D 53.00 D
04/13/99 S 1,363 D 52.88 D
04/13/99 S 909 D 53.06 D
04/13/99 S 1,364 D 53.25 D
04/13/99 S 909 D 53.75 D
04/13/99 S 1,364 D 53.88 D
04/14/99 S 8,157 D 55.23 97,353 D
</TABLE> <PAGE>
Table II -- Derivative Securities Acquired,
Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
10.
Owner-
9. ship
5. Number Number Form of
2. of Deriv- of Deri- Deriva- 11.
1. Conver- ative 6. vative tive Nature
Title sion or Securi- Date Securi- Secur- of In-
of Exer- 3. ties Exer- ties ity: direct
Deriva- cise Trans- Acquired cisable 7. Benefici- Direct Benefi-
tive Price action (A) or and Title and 8. ally (D) or cial
Secur- of Date 4. Trans- Disposed Expir- Amount of Price of Owned at Indirect Owner-
ity Deri- (Month/ action of (D) ation Underlying Derivative End of (I) ship
(Instr. vative Day/ Code (Instr. 3, Date (Month/ Securities Security Month (Instr. (Instr.
3) Security Year) (Instr. 8) 4 & 5) Day/Year) (Instr. 3 & 4) (Instr. 5) (Instr. 4) 4) 4)
------- -------- ------- ---------- ---------- ------------ -------------- ---------- ---------- ------- -------
Code V (A) (D) Date Expir-Title Amount or
---- - --- --- Exer- ation ----- Number of
cis- Date Shares
able ------ ---------
-----
<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: May 6, 1999