<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
MIDCOM COMMUNICATIONS INC.
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(Name of issuer)
COMMON STOCK, PAR VALUE OF $.0001 PER SHARE
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(Title of class of securities)
00059563X1
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(CUSIP number)
John R. Dennis
14 Bello Drive
Edina, Minnesota 55439
(612) 947-9058
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(Name, address and telephone number of person authorized to receive notices and
communications)
May 28 , 1996
---------------------------------------------------------------
(Date of event which requires filing of this 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 [_].
Check the following box if a fee is being paid with the statement [_]. (A
fee is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7):
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.
(Continued on following pages)
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CUSIP No. 00059563X1 13D Page 2 of 13 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TELECOMMUNICATIONS CAPITAL ADVISORS
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
JOINT (b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 290,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
290,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
290,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
PN
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<PAGE>
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CUSIP No. 00059563X1 13D Page 3 of 13 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOHN DENNIS
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
JOINT (b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
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SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
0
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0%
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TYPE OF REPORTING PERSON
14
IN
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<PAGE>
13D
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CUSIP No. 00059563X1 Page 4 of 13 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MARYANNE DENNIS
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
JOINT (b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
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SOURCE OF FUNDS
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0%
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TYPE OF REPORTING PERSON
14
IN
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<PAGE>
13D
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CUSIP No. 00059563X1 Page 5 of 13 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DONALD V. SZYMIK
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
JOINT (b) [X]
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SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 290,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
290,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
290,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.9%
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TYPE OF REPORTING PERSON
14
IN
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<PAGE>
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CUSIP No. 00059563X1 13D Page 6 of 13 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MAUREEN K. SZYMIK
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
JOINT (b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 290,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
290,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
290,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.9%
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TYPE OF REPORTING PERSON
14
IN
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<PAGE>
13D
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CUSIP No. 00059563X1 PagE 7 of 13 Pages
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This Amendment No. 1 to the Schedule 13D amends and supplements the
joint filing of the original Schedule 13D (the "Schedule 13D") filed on May 20,
1996 relating to the common stock, par value $.0001 per share (the "Common
Stock") of MIDCOM Communications Inc., a Washington Corporation (the "Company").
Item 5 of the Schedule 13D is hereby amended and restated to read as follows:
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) As of June 3, 1996, Advisors beneficially owned in the aggregate
290,000 shares of the Company's Common Stock. Of that aggregate total, the
Dennises directly own 0 shares of Company Common Stock and the Szymiks directly
own 290,000 such shares. Based upon the most recently available filing by the
Company with the Securities and Exchange Commission which shows an aggregate of
15,494,180 shares of the Company's Common Stock outstanding, the 290,000 shares
beneficially owned by Advisors constitute approximately 1.87% of the outstanding
shares of the Company's Common Stock. The shares directly owned by the Dennises
and Szymiks constitute approximately 0% and 1.87%, respectively, of the
outstanding shares of the Company's Common Stock.
(b) The Dennises have the sole power to vote and dispose of 0 shares
of Company Common Stock, and the Szymiks have the sole power to vote and dispose
of 290,000 shares of Company Common Stock, subject only to the Partnership
Agreement described in Items 4 and 6. Advisors has the shared power to vote and
to dispose of 290,000 shares of the Company's Common Stock.
Pursuant to Rule 13d-3, Mr. Dennis and Mr. Szymik might also be deemed
to be beneficial owners, and might be deemed to have the power to direct the
voting or disposition of shares of the Company's Common Stock reported herein as
beneficially owned by Advisors because Mr. Dennis and Mr. Szymik are general
partners of Advisors. Under Section 13(d)(3) of the Exchange Act, Mr. Dennis and
Mr. Szymik might also be deemed to be members of a "group" with each other and
Advisors. However, neither the filing of the Schedule 13D or this Amendment No.
1 to the Schedule 13D (or amendments hereto) nor any contents of the same shall
constitute an admission that either Mr. Dennis or Mr. Szymik is the beneficial
owner of any shares of the Company's Common Stock other than such shares as have
been reported herein, or that either is a member of a group for the purpose of
Section 13(d) of the Exchange Act, or for any other purpose whatsoever.
(c) Since the filing of the Schedule 13D, the following transactions
in the Common Stock have been completed:
Transactions completed by the Dennises:
<TABLE>
<CAPTION>
Date Type of Transaction Amount of Securities Price per Share ($)
---- ------------------- -------------------- -------------------
<S> <C> <C> <C>
May 20, 1996 Acquisition 5,000 7 7/8
May 27, 1996 Disposition 15,000 9
May 28, 1996 Disposition 10,000 10 3/8
May 28, 1996 Disposition 20,000 10 3/8
May 28, 1996 Disposition 20,000 10 3/8
May 28, 1996 Disposition 30,000 10 1/2
May 28, 1996 Disposition 25,000 10 1/2
May 28, 1996 Disposition 75,000 10 5/8
May 28, 1996 Disposition 10,000 11
May 28, 1996 Disposition 15,000 11 1/4
May 28, 1996 Disposition 20,000 11 1/2
</TABLE>
<PAGE>
13D
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CUSIP No. 00059563X1 Page 8 of 13 Pages
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<TABLE>
<S> <C> <C> <C>
May 28, 1996 Disposition 20,000 11 3/4
May 28, 1996 Disposition 10,000 11 5/8
May 28, 1996 Disposition 10,000 12
May 28, 1996 Disposition 10,000 12 1/8
May 29, 1996 Disposition 15,000 12.9167
</TABLE>
Transactions completed by the Szymiks:
<TABLE>
<CAPTION>
Date Type of Transaction Amount of Securities Price per Share ($)
---- ------------------- -------------------- -------------------
<S> <C> <C> <C>
May 20, 1996 Acquisition 5,000 7 7/8
May 28, 1996 Disposition 27,500 11 1/2
May 28, 1996 Disposition 25,000 11 3/8
May 28, 1996 Disposition 15,000 12
May 28, 1996 Disposition 10,000 12 1/8
May 29, 1996 Disposition 80,000 12 7/8
May 30, 1996 Disposition 5,000 12 1/2
May 31, 1996 Disposition 43,500 12 3/8
June 3, 1996 Disposition 10,000 12 1/4
</TABLE>
For each transaction listed above, the trades were effected by open
market transactions on the NASDAQ Stock Market. Under the terms of the
Partnership Agreement, transactions completed by either of the Dennises or the
Szymiks have a corresponding effect upon the holdings of Advisors, increasing or
decreasing such holdings at a one to one ratio for each acquisition or
disposition of Common Stock.
(d) Not applicable.
(e) Not applicable.
<PAGE>
13D
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CUSIP No. 00059563X1 Page 9 of 13 Pages
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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.
Date: June 3, 1996
By: /s/ John R. Dennis
------------------------------------
Name: John R. Dennis
Title:
<PAGE>
13D
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CUSIP No. 00059563X1 Page 10 of 13 Pages
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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.
Date: June 3, 1996
By: /s/ Maryanne Dennis
------------------------------------
Name: Maryanne Dennis
Title:
<PAGE>
13D
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CUSIP No. 00059563X1 Page 11 of 13 Pages
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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.
Date: June 3, 1996
By: /s/ Donald V. Szymik
------------------------------------
Name: Donald V. Szymik
Title:
<PAGE>
13D
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CUSIP No. 00059563X1 Page 12 of 13 Pages
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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.
Date: June 3, 1996
By: /s/ Maureen K. Szymik
------------------------------------
Name: Maureen K. Szymik
Title:
<PAGE>
13D
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CUSIP No. 00059563X1 Page 13 of 13 Pages
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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.
Date: June 3, 1996
By: /s/ John R. Dennis
-------------------------------------------
Name: John R. Dennis
Title: General Partner of
Telecommunications Capital Advisors
