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OMB APPROVAL
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OMB Number 3235-0362
Expires: April 30, 1997
Estimated average burden
hours per response ....... 1.0
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
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1. Name and Address of Reporting Person
TRONSURE, III GEORGE M.
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(Last) (First) (Middle)
C/O AMERICAN COMMUNICATIONS SERVICES, INC., 131 NATIONAL BUSINESS PARKWAY
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(Street)
ANNAPOLIS JUNCTION, MD 20701
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
ACNS
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
JUNE 30, 1996
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5. If Amendment, Date of Original (Month/Year)
8/15/1996
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
5. 6.
4. Amount of Owner-
Security Acquired (A) or Securities ship
Disposed of (D) Beneficially Form: 7.
(Instr. 3, 4 and 5) Owned at End Direct Nature of
2. 3. ----------------------------- of Issuer's (D) or Indirect
1. Transaction Transaction (A) Fiscal Year Indirect Beneficial
Title of Security Date Code Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) (Instr. 8) (D) & 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- Securities Date Securities Price Bene- ity: In-
cise 3. Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- 4. or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Trans- of (D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date action (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ Code 4 and 5) Date Expira- Number ity Year (I) ship
Security Secur- Day/ (Instr. ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) 8) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option (right Common
buy) $3.40 7/6/95 T 50,000 + + Stock 50,000 $3.40 50,000 D --
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Option (right Common
to buy) $2.25 12/27/95 J4* 40,000 12/27/95 12/27/00 Stock 40,000 $2.25 40,000 D --
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Option (right Common
to buy) $2.25 1/1/96 J4** 20,000 1/1/96 1/1/01 Stock 20,000 $2.25 20,000 D --
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Option (right Common
to buy) $2.25 6/30/96 J4*** 20,000 6/30/96 6/30/01 Stock 20,000 $2.25 20,000 D --
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</TABLE>
Explanation of Responses:
+ The option vests and becomes exercisable as to 25,000 shares on February
23, 1998 and as to the remaining 25,000 shares on February 23, 1999 and
expires five years after the relevant vesting date.
* Mr. Tronsrue was granted performance stock options to purchase 40,000
shares of Common Stock exercisable at a price of $2.25 per share through
December 27, 2000, based upon the achievement of certain performance goals
all of which are currently vested and exercisable.
** Mr. Tronsrue was granted performance stock options to purchase 20,000
shares of Common Stock at a price of $2.25 per share through January 1,
2001, based upon the achievement of certain performance goals all of which
are currently vested and exercisable.
*** Mr. Tronsrue was granted performance stock options to purchase 20,000
shares of Common Stock at a price of $2.25 per share through 6/30/2001,
based upon the achievement of certain performance goals all of which are
currently vested and exercisable.
/s/GEORGE TRONSRUE 10/23/96
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**Signature of Reporting Person Date
>
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
