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:
February 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>
<CAPTION>
Table I -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
5. Amount of 6. Owner-
2. Trans- Securities ship Form: 7. Nature of
action Beneficially Direct (D) Indirect
1. Title of Date 3. Transaction 4. Securities Acquired Owned at End or Indirect Beneficial
Security (Month / Code (A) or Disposed of (D) of Month (I) Ownership
(Instr. 3) Day/Year) (Instr. 8) (Instr. 3, 4 and 5) (Instr. 3 and 4 (Instr. 4) (Instr. 4)
------------ --------- --------------- ------------------------ ------------ ----------- -------------
Code V Amount (A)or(D) Price
---- --- ------ -------- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common 02/01/99 S 4,615 D 41.63 D
Stock
02/01/99 S 385 D 41.50 D
02/03/99 S 1,153 D 41.50 183,127 D
</TABLE>
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired,
Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
9. 10.
Number of Owner-
5. Deriva- ship
Number tive Form of 11.
2. of Deriv- Secur- Deriva- Nature
Conver- ative Se- ities tive of Indi-
1. sion 3. curities 6. Benefi- Security: rect
Title of or Exer- Trans- 4. Acquired Date Exer- 7. cially Direct Benefi-
Deriv- cise action Trans- (A) or cisable and Title and 8. Owned at (D) or cial
ative Price of Date action Disposed Expiration Amount of Price of End of Indirect Owner-
Security Deriv- (Month/ Code of (D) Date Underlying Derivative Month (I) ship
(Instr. ative Day/ (Instr. (Instr. 3, (Month/ Day/ Securities Security (Instr. (Instr. (Instr.
3) Security Year) 8) 4 and 5) Year) (Instr. 3 and 4) (Instr. 5) 4) 4) 4)
------- ------- ------- ------------------ ------------ ---------------- ---------- -------- -------- ------
Date
Exer- Expir- Amount
cis- ation or Number
Code V (A) (D) able Date Title 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:/s/ Steven L. Grissom
--------------------------
Steven L. Grissom
Assistant Treasurer
DATE: March 8, 1999
