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
Courtney, Mark St. J.
197 Knightsbridge
London, SW7 1RB
UK
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
April 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
European General Counsel and Secretary
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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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>
No shares are owned by the | | | | | | | | | |
Reporting Person. | | | | | | | | | |
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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 (Ri|$5.85(1)|- |- |-|- - |A,D|(2) |08/01|Common Stock|6,667(1|- |6,667(1)(3) |D |- |
ght to buy) | | | | | | | |/05 | |)(3) | | | | |
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Time-based options (Ri|$5.85(1)|- |- | |- - |A,D|(4) |01/01|Common Stock|20,000(|- |20,000(1)(3)|D |- |
ght to buy) | | | | | | | |/06 | |1)(3) | | | | |
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Time-based options (Ri|$9.00 |4/10/|A |V|16,333 - |A,D|(5) |01/01|Common Stock|16,333(|- |16,333(3) |D |- |
ght to buy) | |97 | | | | | |/03 | |3) | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) The Issuer effected a 3-to-2 reverse stock split prior to the completion
of its initial public offering.
(2) As of April 30, 1997, options to purchase 4,074 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
succeeding month until all options are
vested.
(3) All options vest and become exercisable upon a change-in-control of the
Company.
(4) Options to purchase shares of Common Stock vested and became exercisable
as to 33.34% of the total number
of options granted in January 1, 1997 and the remainder will vest and become
exercisable thereafter on each
successive anniversary date to the extent of 33.33% of the total number of
options granted.
(5) Options to purchase shares of Common Stock will vest and become
exercisable commencing on January 1,
1998 to the extent of 33.34% of the total number of options granted and the
remainder will vest and become
exercisable on each successive anniversary date thereafter to the extent of
33.33% of the total number of options
granted.
SIGNATURE OF REPORTING PERSON
/s/ Mark St. J. Courtney
DATE
May 8, 1997
