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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[ X] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
PSINet Inc.
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(Last) (First) (Middle)
44983 Knoll Square
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(Street)
Ashburn Virginia 20147
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Xpedior Incorporated (XPDR)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
16-1353600
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4. Statement for Month/Year
November, 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
Chairman
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7. Individual or Joint/Group Filing (Check applicable line)
[ X] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
<PAGE>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code --------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 10/16/2000 J(1) 534,152 (A) $2.71875(1) 534,152 D
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Common Stock 40,005,048 I(2)
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 2
<PAGE>
FORM 4 (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- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ --------------- Exer- tion of (Instr. (Instr. (Instr.(Instr.
(Instr. 3) ity Year) Code V (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> <C>
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Convertible $50.00 10/16/00 C(1) 1 Series A 1,000,000 (1) -0- D
Note Convertible
Preferred
Stock
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Series A (1) 10/16/00 C(1) 1,000,000 Common 1,333,333 $37.50 1,333,333 D
Convertible Stock
Preferred
Stock
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Series B $50.00 11/01/00 P 300,000 Common 6,578,947 $2.28 6,578,947 D
Convertible Stock
Preferred
Stock
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</TABLE>
Explanation of Responses:
(1) On October 16, 2000, the Convertible Note converted into an aggregate of
1,000,000 shares of the Issuer's Series A Convertible Preferred Stock,
which is presently convertible into 1,333,333 shares of the Issuer's
Common Stock for $37.50 per share, subject to adjustment per the terms of
the Series A Convertible Preferred Stock contained in the Issuer's
Certificate of Incorporation. Interest payable on the Convertible Note at
the time of conversion was paid by the Issuer to PSINet Inc. in shares of
the Issuer's common stock in lieu of cash, at the option of PSINet in
accordance with the terms of the Convertible Note. An aggregate of 534,152
shares of the Issuer's common stock was paid to PSINet based on total
interest payable of $1,452,225 divided by $2.71875 (the average closing
price of the Issuer's common stock for the five day period prior to the
Conversion Date).
(2) PSINet Consulting Solutions Holding, Inc., a Delaware corporation which is
a wholly-owned subsidiary of PSINet ("PCS"), is the record owner of
40,005,048 shares of the Issuer's Common Stock, par value $0.01 per share.
In its capacity as sole shareholder of PCS, PSINet is deemed to share
investment control over such shares and thus could be deemed to have an
indirect pecuniary interest in such shares within the meaning of Rule
16a-1(a)(2)(iii) under the Securities Exchange Act of 1934.
(3) The Series B Convertible Preferred Stock is presently convertible into
6,578,947 shares of the Issuer's Common Stock for $2.28 per share, subject
to adjustment in accordance with the terms of the Series B Convertible
Preferred Stock contained in the Issuer's Certificate of Incorporation.
/s/Brian Geoghegan 12/11/00
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**Signature of Reporting Person Date
Brian Geoghegan, Vice President and
Associate General Counsel
** 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 procedures.
Page 2 of 2
(122797DTI)
