Performance Metrics -- - Fourth Quarter 2000
To monitor the progress of its broadband infrastructure
development, Level 3 has developed several operating and construction
metrics. These benchmarks are reported every quarter to help Level 3
stockholders and the investment community track the company's
performance and future progress.
Level 3 is currently substantially prefunded for its business
plan. The total Level 3 network includes 56 U.S. city networks; 21
European and Asian city networks; 6.5 million square feet of
technical space; an approximately 16,000 mile U.S. intercity network;
a 4,750 mile European intercity network; and transatlantic,
transpacific and Northern Asian undersea networks.
-- Markets in Service -- the number of local markets where Level 3
has an operational Gateway facility and offers services over leased
or owned facilities.
-- Markets with Fiber Networks -- the number of local markets
where Level 3 offers services over owned networks.
-- Intercity Rights-of-Way Miles -- the number of intercity miles
where rights-of-way agreements were secured. Rights-of-way
agreements were required before Level 3 could build the intercity
-- Intercity Route Miles Under Construction and Completed -- the
number of intercity miles completed plus the number of miles under
-- Intercity Route Miles Completed -- the number of intercity
route miles with multiple conduits installed.
Executive Officer Intended Transfers of Company Securities
The company has a policy that generally requires the members of
its board of directors and members of senior management that are
"executive officers" for purposes of the SEC's Section 16 rules to
pre-announce their intention to make transfers of the company's
securities in the permitted period following each earnings release,
which policy the company reviews annually. In addition, this policy
applies only to an intent to transfer shares not previously
announced, and does not apply to certain transfers for estate
The following schedule shows the individuals that have expressed a
current intent to transfer, during the period, the maximum number of
shares they propose to transfer and the percentage of their holdings,
that the intended transfer amount represents.
None of the individuals are required to dispose of shares and the
listed individuals may choose to sell fewer, or none, of the shares
described, but will not, when combined with shares previously
preannounced but not yet transferred, sell more during the period. An
individual's ultimate decision to transfer shares of common stock
will be made in compliance with applicable federal securities laws.
Name and Title No. of Shares Percentage (1)
Walter Scott, Jr.
Chairman 500,000 2%
R. Douglas Bradbury
Vice Chairman 150,000 5%
David C. McCourt
Director 25,000 64%
Kevin J. O'Hara
President, COO and Director 200,000 10%
Colin V.K. Williams
Director 20,000 15%
Michael B. Yanney
Director 20,000 23%
Sureel A. Choksi
Group Vice President and CFO 10,000 8%
Group Vice President 10,000 84%
(1) The percentage is derived by dividing (a) the number of
shares that the individual may transfer plus the number of shares
previously preannounced but not yet transferred by (b) the
individual's total shares of the Company's common stock held and all
other shares that may be acquired in the future through the exercise
of vested options, including outperform stock options.
ots Original Text Service: Level 3
Contact: media, Josh Howell, +1 720-888-2517, or Paul Lonnegren, +1
720 888 6099, or investors, Robin Miller, +1 720-888-2518, all of
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