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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?


To: Henry J. George who wrote (311)3/12/1998 6:24:00 PM
From: Phil Jacobson  Read Replies (2) | Respond to of 3873
 
Henry, Ms. Strangl, anyone,

Below is an excerpt from the SEC filing (8A12G) that registered the Class D stock. Do you know about the blackout period, why its needed, and whether this may have something to do with the lack of news from Kiewit?

Phil

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In the event that the Class D Stock is Publicly Traded, each share of Class R Stock (or fraction thereof) for which the Conversion Condition has been met may be converted into Class D Stock on any Business Day during any Public Conversion Period after the Blackout Period. The "Blackout Period" shall mean the 90-day period commencing on the first day on which the Class D Stock is Publicly Traded; provided, however, that the Board of Directors may, by resolution, extend the Blackout Period up to 180 days from the first day on which the Class D Stock is Publicly Traded if so requested by a managing underwriter of Class D Stock in connection with an underwritten initial public offering thereof. A copy of such resolution of the Board of Directors shall be made available to any stockholder of the Corporation upon request thereby.