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
Schmults, Edward
Viatel, Inc.
685 Third Avenue
New York, NY 10017
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
01/31/2000
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
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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|01/04/|A |-|304(1) |A |- |2,529 |D |- |
e per share |00 | | | | | | | | |
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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|$22.48 |- |- |-|- - |A,D|(2) |05/06|Common Stock|5,340(3|- |5,340 |D |- |
ght to buy) | | | | | | | |/09 | |) | | | | |
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Time-based options (Ri|$49.313 |01/04|A |V|1,000 - |A,D|(4) |01/04|Common Stock|1,000 |- |1,000 |D |- |
ght to buy) | |/00 | | | | | |/10 | | | | | | |
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Explanation of Responses:
(1) Represents shares of restricted stock granted as the non-cash portion of
the reporting person's 2000 director's fee (the "2000 Fee Shares"). The
2000 Fee Shares vest with respect to one-third of the total number of shares on
January 4, 2001, and the remainder will vest on each of January 4,
2002 and January 4, 2003 to the extent of one-third of the total number of
shares. The 2000 Fee Shares are subject to early vesting if shares of
Viatel Common Stock are trading at or above $60.00 for twenty (20) consecutive
business days.
(2) All of these stock options became exercisable upon the completion of the
merger between Viatel, Inc. and Destia Communications, Inc.
(3) Represents options originally granted to Mr. Schmults by Destia
Communications, Inc., which now represents options to acquire Viatel, Inc.
common stock as a result of Viatel, Inc.'s acquisition of Destia
Communications, Inc.
(4) Options to purchase shares of Common Stock will vest and become exercisable
as to 33.34% of these options on January 4, 2001 and the
remainder will vest and become exercisable on each successive anniversary date
thereafter to the extent of 33.33% of these options.
SIGNATURE OF REPORTING PERSON
/s/ Edward Schmults
DATE
February 8, 2000
