April 2, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: American Communications Services, Inc.
DAVID L. PIAZZA - FORM 3
Ladies and Gentlemen:
On behalf of David L. Piazza ("Piazza"), an officer of
American Communications Services, Inc., we hereby submit for electronic filing
for Piazza a Form 3 - an Initial Statement of Beneficial Ownership.
Thank you.
Very truly yours,
/s/ THOMAS F. MCINERNEY
Thomas F. McInerney
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person
Piazza David L.
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(Last) (First) (Middle)
c/o American Communication Services, Inc.
131 National Business Parkway, Suite 100
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(Street)
Annapolis Junction MD 20701
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
3/24/97
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
American Communications Services, Inc.
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5 Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Chief Financial Officer
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6. If Amendment, Date of Original (Month/Year)
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 7. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Option 3/23/98 3/22/03 Common Stock 50,000 $7.33 D
(right to buy)
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Stock Option 3/23/99 3/22/04 Common Stock 50,000 $7.33 D
(right to buy)
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Stock Option 3/23/00 3/22/05 Common Stock 50,000 $7.33 D
(right to buy)
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Stock Option 3/23/01 3/22/06 Common Stock 50,000 $7.33 D
(right to buy)
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Stock Option 3/23/03 3/22/08 Common Stock 50,000 $7.33 D
(right to buy) ++ ++
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</TABLE>
Explanation of Responses:
++ This option is scheduled to vest and become exercisable on March 23, 2003,
if the reporting person is still employed by the Company; provided, however,
that this option will immediately vest and become exercisable in the event the
reporting person achieves certain performance objectives. Once vested, such
option will be exercisable for a five year term.
/s/ DAVID L. PIAZZA 4/1/97
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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.