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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
(X)* 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:
Richard A. Lumpkin
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:
May 1999
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person(s) to Issuer (Check all
applicable):
(x) Director ( ) 10% Owner (x) Officer (give title below) (x)
Other (specify below)
Vice Chairman
Member of 13(d) group owning more than 10%
7. Individual or Joint/Group Filing (Check Applicable Line):
( ) Form filed by One Reporting Person
(x) Form filed by More than One Reporting Person
* Benjamin I. Lumpkin and Elizabeth A. Celio are no longer subject
to Section 16.
Table I -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
5. Amount of 6. Owner-
2. Trans- Securities ship Form:
action 4. Securities Beneficially Direct
1. Title of Date 3. Trans- Acquired (A) or Owned at End (D) or In- 7. Nature of Indirect
Security (Month/ action Code Disposed of (D) of Month direct (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 05/12/99 S 137,037 D $53.68 587,564 (1) I By Richard Anthony Lumpkin
Common Stock 1990 Personal Income Trust for
the Benefit of Elizabeth
Arabella Lumpkin dated
April 20, 1990
05/12/99 S 137,037 D 53.68 587,564 (1) I By Richard Anthony Lumpkin
1990 Personal Income Trust for
the Benefit of Benjamin
Iverson Lumpkin dated
April 20, 1990
05/12/99 S 78,308 D 53.68 71,916 (1) I By Mary Lee Sparks 1990
Personal Income Trust for the
Benefit of John Woodruff
Sparks dated April 20, 1990
05/12/99 S 78,308 D 58.68 71,916 (1) I By Mary Lee Sparks 1990
Personal Income Trust for the
Benefit of Anne Romayne Sparks
dated April 20, 1990
05/12/99 S 78,308 D 58.68 71,916 (1) I By Mary Lee Sparks 1990
Personal Income Trust for the
Benefit of Barbara Lee Sparks
dated April 20, 1990
05/12/99 S 78,308 D 58.68 71,916 (1) I By Mary Lee Sparks 1990
Personal Income Trust for the
Benefit of Christina Louise
Sparks dated April 20, 1990
05/12/99 S 58,631 D 53.68 16,406 (1) I By Margaret L. Keon 1990
Personal Income Trust for the
Benefit of Susan Tamara Keon
DeWyngaert dated April 20,
1990
5. Amount of 6. Owner-
2. Trans- Securities ship Form:
action 4. Securities Beneficially Direct
1. Title of Date 3. Trans- Acquired (A) or Owned at End (D) or In- 7. Nature of Indirect
Security (Month/ action Code Disposed of (D) of Month direct (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
---- - ------ -------- -----
05/12/99 S 58,631 D 53.68 16,406 (1) I By Margaret L. Keon 1990
Personal Income Trust for the
Benefit of Joseph John Keon
III dated April 20, 1990
05/12/99 S 58,631 D 53.68 16,406 (1) I By Margaret L. Keon 1990
Personal Income Trust for the
Benefit of Katherine Stoddert
Keon dated April 20, 1990
05/12/99 S 58,631 D 53.68 16,406 (1) I By Margaret L. Keon 1990
Personal Income Trust for the
Benefit of Lisa Anne Keon
dated April 20, 1990
05/12/99 S 58,631 D 53.68 16,406 (1) I By Margaret L. Keon 1990
Personal Income Trust for the
Benefit of Margaret Lynley
Keon dated April 20, 1990
05/12/99 S 58,631 D 53.68 16,406 (1) I By Margaret L. Keon 1990
Personal Income Trust for the
Benefit of Pamela Keon Vitale
dated April 20, 1990
04/14/99 J(5) 25,000 D 4,261 (2) I By Benjamin Iverson Lumpkin
Holdback Trust under Richard
Anthony Lumpkin 1993 Grantor
Retained Annuity Trust
04/14/99 J(6) 25,000 D 4,258 (2) I By Elizabeth A. Lumpkin
Holdback Trust under Richard
Anthony Lumpkin 1993 Grantor
Retained Annuity Trust
04/14/99 J(5) 25,000 A 25,000 (3) I By Benjamin I. Lumpkin
1998 NIM-CRUT dated
October 27, 1998
04/14/99 J(6) 25,000 A 25,000 (4) I By Elizabeth L. Celio
1998 NIM-CRUT dated
October 27, 1998
5. Amount of 6. Owner-
2. Trans- Securities ship Form:
action 4. Securities Beneficially Direct
1. Title of Date 3. Trans- Acquired (A) or Owned at End (D) or In- 7. Nature of Indirect
Security (Month/ action Code Disposed of (D) of Month direct (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
---- - ------ -------- -----
54,688 I By Richard Adamson Lumpkin
Grandchildren's Trust
dated 9/5/80 f/b/o
Benjamin Iverson Lumpkin
54,688 I By Richard Adamson Lumpkin
Grandchildren's Trust
dated 9/5/80 f/b/o
Elizabeth Arabella Lumpkin
308,965 I By Trust named for Benjamin
Iverson Lumpkin created under
the Mary Green Lumpkin Gallo
Trust Agreement dated
December 29, 1989
308,965 I By Trust named for Elizabeth
Arabella Lumpkin created under
the Mary Green Lumpkin Gallo
Trust Agreement dated
December 29, 1989
311,127 (7) D
1,822 I By Richard Anthony Lumpkin
Trust under the Trust
Agreement dated February 6,
1970
60,619 I By Margaret Anne Keon Trust
under the Trust Agreement
dated February 6, 1970
107,030 I By Mary Lee Sparks Trust under
the Trust Agreement dated
February 6, 1970
</TABLE>
Table II -- Derivative Securities Acquired,
Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
10.
9. Owner-
5. Number ship
Number of Deri- Form of
2. of Deri- vative Deriva- 11.
1. Conver- vative 6. Securi- tive Nature
Title sion or Securi- Date ties Secur- of In-
of Exer- 3. ties Exer- Benefici- ity: direct
Deriva- cise Trans- Acquired cisable 7. ally Direct Benefi-
tive Price action 4. (A) or and Title and 8. Owned at (D) or cial
Secur- of Date Trans- Disposed Expir- Amount of Price of End of Indirect Owner-
ity Deri- (Month/ action of (D) ation Underlying Derivative Month (I) ship
(Instr. vative Day/ Code (Instr. 3, Date (Month/ Securities Security (Instr. (Instr. (Instr.
3) Security Year) (Instr. 8) 4 & 5) Day/Year) (Instr. 3 & 4) (Instr. 5) 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>
Employee $35.25 (1) 09/25/07 Class A 40,000 40,000 D
Stock Common
Option Stock
(right
to
buy)(1)
Employee 34.50 (2) 12/22/07 Class A 5,000 5,000 D
Stock Common
Option Stock
(right
to
buy)(2)
Employee 29.75 (3) 12/31/08 Class A 40,000 40,000 D
Stock Common
Option Stock
(right
to
buy)(3)
</TABLE>
Explanation of Responses:
Explanation of footnotes to Table I: For purposes of Section
13(d) of the Securities Exchange Act, Richard A. Lumpkin and Gail
Gawthrop Lumpkin are members of a group that together owns more than
10% of the Issuer's Class A Common Stock. Except as indicated in the
following note, the securities shown in Table I are beneficially owned
for purposes of Rule 16a-1(a)(2) by Richard A. Lumpkin.
(1) On or about November 23, 1998 the trustees of the 1990
Personal Income Trust named Richard A. Lumpkin as agent with
respect to sales of these shares.
(2) Beneficially owned for purposes of Rule 16a-1(a)(2) by
Benjamin I. Lumpkin and Elizabeth L. Celio.
(3) Beneficially owned for purposes of Rule 16a-1(a)(2) by
Benjamin I. Lumpkin.
(4) Beneficially owned for purposes of Rule 16a-1(a)(2) by
Elizabeth L. Celio.
(5) On April 14, 1999, 25,000 shares of Common Stock were
contributed from the Benjamin Iverson Lumpkin Holdback Trust
under Richard Anthony Lumpkin 1993 Grantor Retained Annuity
Trust to the Benjamin I. Lumpkin 1998 NIM-CRUT dated October
27, 1999.
(6) On April 14, 1999, 25,000 shares of Common Stock were
contributed from the Elizabeth A. Lumpkin Holdback Trust
under Richard Anthony Lumpkin 1993 Grantor Retained Annuity
Trust to the Elizabeth L. Celio 1998 NIM-CRUT dated October
27, 1998.
(7) Beneficially owned for purposes of Rule 16a-1(a)(2) by Gail
Gawthrop Lumpkin and Richard A. Lumpkin.
Explanation of footnotes to Table II: The derivative securities
shown in Table II are beneficially owned for purposes of Rule 16a-
1(a)(2) by Richard A. Lumpkin.
(1) The employee stock option dated 12/3/97 vests in four equal
annual installments which began on September 25, 1998.
(2) The employee stock option dated 12/22/97 vests in four equal
annual installments which began on December 22, 1998.
(3) The employee stock option dated December 31, 1998 vests in
four equal annual installments beginning on December 31,
1999.
SIGNATURE OF REPORTING PERSON:
Richard A. Lumpkin
By: Steven L. Grissom
Attorney in Fact
DATE: June 9, 1999
JOINT FILER INFORMATION:
Name: Gail Gawthrop Lumpkin
Address: 121 South 17th Street, Mattoon, Illinois 61938
Designated Filer: Richard A. Lumpkin
Issuer & Ticker Symbol: McLeodUSA Incorporated, MCLD
Statement for Month/Year: May 1999
Signature: Gail Gawthrop Lumpkin
By: Steven L. Grissom
Attorney in Fact
JOINT FILER INFORMATION:
Name: Benjamin I. Lumpkin
Address: 1316 West Howard St., #1, Chicago, Illinois 60626
Designated Filer: Richard A. Lumpkin
Issuer & Ticker Symbol: McLeodUSA Incorporated, MCLD
Statement for Month/Year: May 1999
Signature: Benjamin I. Lumpkin
By: Steven L. Grissom
Attorney in Fact
JOINT FILER INFORMATION:
Name: Elizabeth L. Celio
Address: 815 Columbian, Oak Park, Illinois 60302
Designated Filer: Richard A. Lumpkin
Issuer & Ticker Symbol: McLeodUSA Incorporated, MCLD
Statement for Month/Year: May 1999
Signature: Elizabeth L. Celio
By: Steven L. Grissom
Attorney in Fact
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