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

To: Phil Jacobson who wrote (327)	3/12/1998 6:43:00 PM
From: Andrew Fairbairn	Respond to of 3873

I think the blackout period is a pretty moot point. The only people who have any shares of R stock are active Kiewit employees who had any C stock as of January 1998. One of the conditions of the R stock was that it could not be traded for D stock until something like 2007 or the employee no longer worked for the company. Anyone who was contemplating leaving the company anytime soon would have rolled their C stock into D stock this past year (like I did). By rolling into the D stock they no longer have any shares of C and subsequently were never given any R. Anybody with R stock plans on being around for a while and will hold the R. At least thats my thoughts anyway.