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
Graham, John G.
65 Dickinson Road
Basking Ridge, NJ 07920
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
09/30/1998
5. If Amendment, Date of Original (Month/Year)
09/30/1998
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) 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>
Common Stock, par value $.0| | | | | | |1,000 |D |-- |
1 per share | | | | | | | | | |
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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|$8.7125 |09/18|A |V|1,463 |A |(1) |09/18|Common Stock|1,463 |-- |1,463 |D |-- |
ght to buy) | |/98 | | | | | |/08 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Options to purchase shares of Common Stock vest and become exercisable as
to 25% of the total number of options granted on December 18,
1998 and the remainder will vest and become exercisable thereafter on March 18,
1999, June 18, 1999 and September 18, 1999, on each such date
to the extent of 25% of the total number of options
granted.
SIGNATURE OF REPORTING PERSON
/s/ John G. Graham
DATE
October 7, 1998
