UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Mahoney, Michael J.
800 Third Avenue
New York, NY 10022
USA
2. Issuer Name and Ticker or Trading Symbol
Viatel, Inc.
VYTL
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
December 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President and Chief Operating Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $.01 par valu|12/04/|P |-|15,000 |A |$9.75 |48,333(1) |D |-- |
e per share |96 | |-| | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Time- based Options (R|$3.74(1)|-- |-- |-|-- -- |A,D|(2) |07/05|Common Stock|23,333(|-- |23,333(1) |D | |
ight to Buy) | | | |-| | | |/04 | |1) | | | | |
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Time-based Options (Ri|$5.85(1)|-- |-- |-|-- -- |A,D|(3) |01/01|Common Stock|23,333(|-- |23,333(1) |D | |
ght to Buy) | | | |-| | | |/05 | |1) | | | | |
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Performance Options (R|$5.85(1)|-- |-- |-|-- -- |A,D|(4) |01/01|Common Stock|67,491(|-- |67,491(1) |D | |
ight to Buy) | | | |-| | | |/06 | |1) | | | | |
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Time-based Options (Ri|$12.00 |-- |-- |-|-- -- |A,D|(5) |10/23|Common Stock|120,000|-- |120,000 |D |-- |
ght to Buy) | | | |-| | | |/01 | | | | | | |
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Explanation of Responses:
(1) The Issuer effected a 3-to-2 reverse stock split of its Common Stock prior
to the completion of its initial public
offering.
(2) As of the date hereof, options to purchase 20,092 shares of Common Stock
were vested and exercisable by
the Reporting Person. The remaining options will vest and become exercisable
on the first day of every month over
the succeeding six month
period.
(3) As of the date hereof, options to purchase 16,203 shares of Common Stock
were vested and exercisable by
the Reporting Person. The remaining options will vest and become exercisable
ratably on the first day of every
month over the succeeding six month
period.
(4) Performance options with respect to 67,491 shares of Common Stock were
exercisable as of the date hereof,
of which 49,279 became exercisable as a result of the Issuer's initial public
offering. In addition, the Reporting
Person was granted performance options for 65,842 shares which will vest in
1997 and 1998 if certain objective
criteria are
met.
(5) Options will vest and become exercisable on October 23, 1997 as to 25% of
the total number of options granted
and the remainder will vest and become exercisable on each successive October
23 to the extent of 25% of the
total number of options granted.
SIGNATURE OF REPORTING PERSON
/s/ Michael J. Mahoney
DATE
January 7, 1997
