UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
McLeodUSA Incorporated
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
582266 10 2
(CUSIP Number)
March 30, 2000
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
<PAGE>
CUSIP No. 582266 10 2 Schedule 13G Page 2 of 6 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
Linsang Partners, LLC EIN# 522051290
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS):
(a) [ ] (b) [ ]
3
SEC USE ONLY:
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
5 SOLE VOTING POWER 8,248,200
6 SHARED VOTING POWER 0
7 SOLE DISPOSITIVE POWER 8,248,200
8 SHARED DISPOSITIVE POWER 0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
8,248,200
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS): [ ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
4.295%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
CO - Limited Liability Company
<PAGE>
CUSIP No. 582266 10 2 Schedule 13G Page 3 of 6 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
Kwok Li
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS):
(a) [ ] (b) [ ]
3
SEC USE ONLY:
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
5 SOLE VOTING POWER 3,280,756
6 SHARED VOTING POWER 8,248,200
7 SOLE DISPOSITIVE POWER 3,280,756
8 SHARED DISPOSITIVE POWER 8,248,200
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
11,528,957
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS): [ ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
6.003%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
IN
<PAGE>
CUSIP No. 582266 10 2 13G Page 4 of 6 Pages
Item 1.
(a) Name of Issuer:
McLeodUSA Incorporated
(b) Address of Issuer's Principal Executive Offices:
6400 C Street S.W.
Cedar Rapids, IA 52406
Item 2.
(a) - (c) Name, Principal Business Address or, and
Citizenship of Persons Filing;
(1) Linsang Partners, LLC ("Linsang Partners")
8301 Professional Drive
Landover, MD 20785
Citizenship: Delaware
(2) Kwok Li ("Mr. Li")
12400 Ellen Court
Silver Spring, MD 20904
Citizenship: USA
(d) Title of Class of Securities: Class A Common Stock
(e) CUSIP Number: 582266 10 2
Item 3.
Not applicable.
Item 4. Ownership.
The information in items 1 and 5 through 11 on the cover
pages (pp. 2-3) on Schedule 13g is hereby incorporated by
reference.
The shares owned by Mr. Li include 612,071 shares owned by
his spouse and 16,255 shares owned by his minor children. Mr. Li
and members of his family control Linsang Partners. In addition,
Mr. Li is Chairman and Manager of Linsang Partners.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
<PAGE>
CUSIP No. 582266 10 2 13G Page 5 of 6 Pages
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not applicable.
Item 8. Identification and Classification of Members of the
Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
By signing below I certify that to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose
or effect.
<PAGE>
CUSIP No. 582266 10 2 13G Page 6 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
April 10, 2000
____________________________________
(DATE)
Linsang Partners, LLC
/s/ Kwok Li
____________________________________
Kwok Li, Chairman and Manager
Kwok Li
/s/ Kwok Li
_____________________________________
Kwok Li
