(LVLT) - Level 3 Communications Message Board

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Technology Stocks : (LVLT) - Level 3 Communications

LVLT 53.63

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Nov 1 5:00 PM EST

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To: JRobinson who wrote (476)	3/23/1998 12:54:00 AM
From: Lorsung	Read Replies (2) of 3873

Unless they have changed the rules since last year, the great majority [95%+] of Class D shares resulting from 1997 Class C conversions have already been issued, based on 1997 estimated earnings, as of mid-January 1998. The only shares remaining to be issued after the 1997 results are published this week will "true up" the previously issued shares to the actual C to D conversion ratio. I'm certain Kiewit's stock registrar can confirm this. It can be confusing, what with those R shares floating around. The point is that the Class D shares that you think will be flooding the market have been available since the first of the year. Ask any Kiewit employee that converted the past two years.

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