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:
Margaret L. Keon
c/o Keon Associates
16 Miller Avenue, Suite 203
Mill Valley, California 94941
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):
( ) 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
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 58,631 D $53.68 16,406 I By Margaret L. Keon 1990
Common Stock Personal Income Trust for
the Benefit of Susan
Tamara Keon DeWyngaert
dated April 20, 1990
05/12/99 S 58,631 D 53.68 16,406 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 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 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 I By Margaret L. Keon 1990
Personal Income Trust for
the Benefit of Margaret
Lynley Keon Vitale dated
April 20, 1990
05/12/99 S 58,631 D 53.68 16,406 I By Margaret L. Keon 1990
Personal Income Trust for
the Benefit of Pamela Keon
Vitale dated
April 20, 1990
05/12/99 S 600 D 53.68 505,861 I By Margaret Lumpkin Keon
Trust dated May 13, 1978
</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-
1. Conver- vative 6. Securi- tive 11.
Title sion or Securi- Date ties Secur- Nature
of Exer- 3. ties Exer- Benefici- ity: of In-
Deriva- cise Trans- Acquired cisable 7. ally Direct direct
tive Price action 4. (A) or and Title and 8. Owned at (D) or Benefi-
Secur- of Date Trans- Disposed Expir- Amount of Price of End of Indirect cial
ity Deri- (Month/ action of (D) ation Underlying Derivative Month (I) Owner-
(Instr. vative Day/ Code (Instr. 3, Date (Month/ Securities Security (Instr. (Instr. ship
3) Security Year) (Instr. 8) 4 & 5) Day/Year) (Instr. 3 & 4) (Instr. 5) 4) 4) (Instr. 4)
------- -------- ------- ---------- ---------- ------------ -------------- ---------- --------- -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Code V (A) (D) Date Expir- Title Amount or
---- - --- --- Exer- ation ----- Number of
cisable Date Shares
------- ------ ---------
</TABLE>
SIGNATURE OF REPORTING PERSON(S):
Margaret L. Keon
By: Steven L. Grissom
Attorney in Fact
Dated: June 9, 1999