SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 16, 2001
QWEST COMMUNICATIONS INTERNATIONAL INC.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
000-22609 84-1339282
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(Commission File Number) (IRS Employer Identification No.)
1801 CALIFORNIA STREET DENVER, COLORADO 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 303-992-1400
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Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On May 16, 2001, Joseph P. Nacchio, chairman and chief executive officer of
Qwest Communications International Inc. ("Qwest"), entered into a planned and
structured daily stock sales program for Mr. Nacchio to sell stock that will be
issued upon the exercise of approximately 4.7 million options that he was
granted in June 1997. These options must be exercised by June 30, 2003. Mr.
Nacchio has an additional 14 million stock options and 471,000 Qwest shares that
are not included in the program.
This Current Report on Form 8-K includes a description of Mr. Nacchio's present
intent as reported to Qwest, for which Qwest assumes no responsibility. Qwest
undertakes no obligation to release publicly any change in Mr. Nacchio's intent
as may be reflected in a modification or termination of his plan after the date
hereof or otherwise.
FORWARD LOOKING STATEMENTS WARNING
This Current Report on Form 8-K contains projections and other forward-looking
statements that involve risks and uncertainties. These statements may differ
materially from actual future events or results. Readers are referred to the
documents filed by Qwest with the Securities and Exchange Commission,
specifically the most recent reports which identify important risk factors that
could cause actual results to differ from those contained in the forward-looking
statements, including potential fluctuations in quarterly results, volatility of
Qwest's stock price, intense competition in the communications services market,
changes in demand for Qwest's products and services, dependence on new product
development and acceleration of the deployment of advanced new services, such as
broadband data, wireless and video services, which could require substantial
expenditure of financial and other resources in excess of contemplated levels,
rapid and significant changes in technology and markets, adverse changes in the
regulatory or legislative environment affecting Qwest's business and delays in
Qwest's ability to provide interLATA services within its 14-state local service
territory, failure to maintain rights of way, and failure to achieve the
projected synergies and financial results expected to result from the
acquisition of U S WEST, Inc. timely or at all and difficulties in combining the
operations of Qwest and U S WEST. This Current Report on Form 8-K includes
analysts' estimates and other information prepared by third parties for which
Qwest assumes no responsibility. Qwest undertakes no obligation to review or
confirm analysts' expectations or estimates or to release publicly any revisions
to any forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events. Qwest makes no
representation with respect to any materials available on the Internet,
including materials available on Qwest's website.
By including any information in this Current Report on Form 8-K, Qwest does not
necessarily acknowledge that disclosure of such information is required by
applicable law or that the information is material.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Qwest has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
QWEST COMMUNICATIONS INTERNATIONAL INC.
DATE: May 17, 2001 By: /s/ YASH A. RANA
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Yash A. Rana
Vice President
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