WCAS VIII ASSOCIATES LLC 4

4 · ITC DELTACOM INC · Filed Oct 8, 2003

Form 4

Period: 2003-10-06

10% Owner

Transactions

Other
Common Stock
[F1][F2]
2003-10-06+4,793,662→ 25,848,113 total(indirect: By Welsh, Carson, Anderson & Stowe VIII, L.P.)
Other
Warrants to Purchase Common Stock
[F1][F2]
2003-10-06+1,884,245→ 1,884,245 total(indirect: By Welsh, Carson, Anderson & Stowe VIII, L.P.)
Exercise: $8.50From: 2003-10-06Exp: 2010-10-06→ Common Stock (1,884,245 underlying)
Purchase
Series B Convertible Preferred Stock
[F3][F2]
2003-10-06$100.00/sh+285,710$28,571,000→ 285,710 total(indirect: By Welsh, Carson, Anderson & Stowe VIII, L.P.)
Exercise: $3.00From: 2003-10-06→ Common Stock (9,523,667 underlying)

Footnotes (3)

[F1]In connection with the merger of 8DBC1 Corp., a North Carolina corporation and a wholly owned direct subsidiary of the Issuer, with and into BTI Telecom Corp., a North Carolina corporation ("BTI"), and pursuant to an Agreement and Plan of Merger dated as of July 2, 2003, as amended, the Reporting Person has transferred its Preferred Stock, Common Stock and Notes of BTI to the Issuer in exchange for Common Stock and Warrants of the Issuer.
[F2]The Reporting Person is the sole general partner of Welsh, Carson, Anderson & Stowe VIII, L.P. Pursuant to Instruction (4)(b)(iv) of Form 4, the Reporting Person has elected to report as indirectly beneficially owned the entire number of securities beneficially owned by such limited partnership. The Reporting Person disclaims beneficial ownership of any securities, and any proceeds thereof, that exceed its pecuniary interest therein, and/or that are not actually distributed to it.
[F3]There is no expiration date applicable to the Series B Preferred Stock.

Signature

Jonathan M. Rather, Managing Member|2003-10-07

Documents

1 file