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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)**(1)
RSL COMMUNICATIONS, LTD.
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(Name of Issuer)
CLASS A COMMON SHARES, PAR VALUE $.00457 PER SHARE
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(Title of Class of Securities)
G7702U 10 2
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(Cusip Number)
Andrew Gaspar
540 Madison Avenue
New York, New York 10022
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 15, 1998
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(Date of Event which Requires Filing
of the Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
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** Final Amendment
(1) The remainder of this cover page shall be filled out for a reporting
persons'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 on 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.).
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SCHEDULE 13D
CUSIP No. G7702U 10 2 Page 2 of 8
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew Gaspar
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
See Item 3.
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. citizen
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7 SOLE VOTING POWER
NUMBER OF 49,862 (See Item 5.)
SHARES --------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,255,901 (See Item 5.)
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 49,862 (See Item 5.)
PERSON --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
1,255,901 (See Item 5.)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,305,763 (See Item 5.)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D
CUSIP NO. G7702U 10 2 Page 3 of 8
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bukfenc, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
See Item 3.
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,249,224 (See Item 5.)
BENEFICIALLY -----------------------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
0
EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
1,249,224 (See Item 5.)
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,249,224 (See Item 5.)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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This Amendment No. 2 amends the Schedule 13D filed by the Reporting Persons with
the Securities and Exchange Commission on December 1, 1998 ("Amendment No. 1").
Capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed to such terms in Amendment No. 1.
Item 2. Identity and Background.
(b) The principal business address of Andrew Gaspar is 540 Madison
Avenue, 31st Floor, New York, New York 10022. The principal business address of
Bukfenc, Inc., and such members of the Gaspar family is 122 Salem Road, East
Hills, New York 11577.
Item 3. Source and Amount of Funds or Other Consideration.
On December 23, 1998, RSLAG distributed 261,407 shares of Class B
Common Stock to its partners on a pro-rata basis (the "RSLAG Distribution"). No
cash or other consideration was paid by the recipients of the shares in
connection with the RSLAG Distribution.
On December 24, 1998, LGV distributed 909,090 shares of Class B Common
Stock to its members on a pro-rata basis (the "LGV Distribution"). No cash or
other consideration was paid by the recipients of the shares in connection with
the LGV Distribution.
Item 5. Interest in Securities of the Issuer.
(a) and (c)
On December 15, 1998, Bukfenc, Inc. sold (the "Sale") an aggregate of
200,000 shares of Class A Common Stock at $23.875 per share in transactions
covered by a certain Registration Statement on Form S-1 (File No. 333-62325),
which Registration Statement was declared effective by the Securities and
Exchange Commission on November 24, 1998.
As a result of the RSLAG Distribution, the LGV Distribution and the
Sale, as of December 31, 1998, Andrew Gaspar beneficially owned 1,305,763 shares
of the Issuer's Common Stock (which consists of (i) 49,862 shares of Class A
Common Stock held directly by him, (ii) 1,249,224 shares of Class A Common Stock
held by Bukfenc, Inc., and (iii) 6,677 shares of Class A Common Stock held by
Bukfenc LLC, a limited liability company, of which Mr. Gaspar and members of his
family are the only members). This represents 4.9% of the outstanding Class A
Common Stock, based on 26,520,747 shares of Class A Common Stock outstanding as
reported by the Issuer.
As a result of the RSLAG Distribution and the Sale, as of December 31,
1998, Bukfenc, Inc. owned 1,249,224 shares of the Issuer's Class A Common Stock
representing 4.7% of the outstanding Class A Common Stock, based on 26,520,747
shares of Class A Common Stock outstanding as reported by the Issuer.
Andrew Gaspar disclaims beneficial ownership of some of the shares
owned by Bukfenc, Inc. and Bukfenc, LLC.
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(b) Andrew Gaspar has the sole power to vote or dispose of 49,862
shares of Class A Common Stock. Bukfenc, Inc. has the sole power to vote or
dispose of 1,249,224 shares of Class A Common Stock.
(e) On December 15, 1998, each of the Reporting Persons ceased to be
the beneficial owner of more than five percent of the Issuer's securities.
SIGNATURES
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
instrument is true, complete and correct.
Dated: March 18, 1999
By /s/ Andrew Gaspar
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Name: Andrew Gaspar
Bukfenc, Inc.
By /s/ Andrew Gaspar
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Name: Andrew Gaspar
Title: President
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