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
Pizzani, Paul G.
7 Oakshade Avenue
Darien, CT 06820
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
12/31/1999
5. If Amendment, Date of Original (Month/Year)
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|12/01/|A | |700(1) |A |(1) |700(1) |D |-- |
1 per share |99 | | | | | | | | |
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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,D|(2) |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) This grant of 700 shares of restricted Common Stock to Mr. Pizzani, which
represent the non-cash portion of his 1999 director's fee (the "Granted
Shares"), vests with respect to one-third of the total number of shares on
January 1, 2000, and the remainder will vest on January 1, 2001 and
January 1, 2002, on each such date to the extent of one-third of the total
number of shares. The Granted Shares are subject to early vesting if
shares of Viatel Common Stock are trading at or above $60.00 for 20 consecutive
business days. The unvested portion of the Granted Shares are
subject to forfeiture if Mr. Pizzani resigns prior to January 1,
2000.
(2) These options are currently fully vested and
exercisable.
SIGNATURE OF REPORTING PERSON
/s/ Paul G. Pizzani
DATE
December 17, 1999
