U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Chavkin Arnold L.
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(Last) (First) (Middle)
c/o J.P. Morgan Partners, LLC
1221 Avenue of the Americas-40th Floor
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(Street)
New York New York 10020
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
American Tower Corporation ("AMT")
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Day/Year
December 9, 2002
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
2A. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Deemed Code ------------------------------- Owned Follow- (D) or Indirect
1. Transaction Execution (Instr. 8) (A) ing Report- Indirect Beneficial
Title of Security Date Date, if any ------------ Amount or Price ed Trans- (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V (D) actions (Instr.4) (Instr. 4)
(Instr. 3
and 4)
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Class A Common Stock N/A N/A N/A N/A N/A N/A 121,719 I (FN 1)
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Class A Common Stock N/A N/A N/A N/A N/A N/A 3,584,960 I (FN 2)
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 3A.Deemed 4. Securities Date Securities Price Bene- ity: In-
cise 3. Exec- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- cution action or Disposed Expiration Date ---------------- Deriv- Owned (D)or Bene-
1. of action Date,if Code of(D) (Month/Day/Year) Amount ative Follow- In- ficial
Title of Deriv- Date any (Instr. (Instr. 3, ---------------- or Secur- ing Repo direct Owner-
Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity rted (I) ship
Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr. Transact-(Instr.(Instr.
(Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) ion(s) 4) 4)
(Instr. 4)
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Class C Non Class A
Voting Common Common
Stock 1 for 1 N/A N/A N/A N/A N/A N/A (FN 3) Stock 2,267,813 -0- 2,267,813 I (FN 1)
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Options to $9.09 N/A N/A N/A N/A N/A N/A (FN 5) 1/1/07 Class A 15,539 -0- 15,539 D (FN 4)
purchase Common
Class A Common Stock
Stock
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Options to $10.00 N/A N/A N/A N/A N/A N/A (FN 5) 1/7/08 Class A 25,000 -0- 25,000 D (FN 4)
purchase Common
Class A Common Stock
Stock
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Options to $23.75 N/A N/A N/A N/A N/A N/A 12/1/99 12/1/08 Class A 25,000 -0- 25,000 D (FN 4)
purchase Common
Class A Stock
Common Stock
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Options to $30.63 N/A N/A N/A N/A N/A N/A 9/21/00 9/21/10 Class A 15,000 -0- 15,000 D (FN 4)
purchase Common
Class A Stock
Common Stock
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Options to $23.8125 N/A N/A N/A N/A N/A N/A 11/11/00 11/11/09Class A 25,000 -0- 25,000 D (FN 4)
purchase Common
Class A Stock
Common Stock
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Options to $5.91 N/A N/A N/A N/A N/A N/A 1/8/02 1/8/11 Class A 5,000 -0- 5,000 D (FN 4)
purchase Common
Class A Stock
Common Stock
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Options to $3.04 12/9/02 N/A A 10,000 (FN 6) 12/9/12 Class A 10,000 -0- 10,000 D (FN 4)
purchase Common
Class A Stock
Common Stock
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Explanation of Responses:
(1) The amounts shown in line 1 of Table I and in Table II represent the
beneficial ownership of the Issuer's equity securities by J.P. Morgan Partners
(BHCA), L.P. ("JPM BHCA"), a portion of which may be deemed attributable to the
Reporting Person because the Reporting Person is an Executive Vice President of
JPMP Capital Corporation, the general partner of JPMP Master Fund Manager, L.P.
("MF Manager"), the general partner of JPM BHCA. Mr. Chavkin disclaims
beneficial ownership of the securities except to the extent of his pecuniary
interest therein.
(2) These shares are owned by J.P. Morgan Partners (23A SBIC), LLC, an
affiliate of JPM BHCA. Mr. Chavkin disclaims beneficial ownership of such
securities except to the extent of his pecuniary interest therein.
(3) Each share of Class C Common Stock is convertible into one share of
Class A Common Stock at the option of the holder upon the occurrence of certain
events.
(4) Stock option grant for non-employee directors issued pursuant to the
1997 American Tower Stock Option Plan. The reporting person is obligated to
exercise these options at the request of, and to transfer the shares issued
thereunder to, JPM BHCA. The reporting person disclaims beneficial ownership of
the options and any shares issuable upon their exercise to the extent such
ownership exceeds his pecuniary interest therein.
(5) Exercisable in 20% annual increments beginning the first anniversary of
original grant date.
(6) Exercisabe in 25% cummulative annual increments beginning December 9, 2003.
/s/ Arnold L. Chavkin 12/11/02
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Arnold L. Chavkin Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.