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OMB APPROVAL OMB
Number: 3235-0104 Expires:
December 31, 2001 Estimated
average burden
hours per response. . . 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
(Print or Type Response)
________________________________________________________________________________
1. Name and Address of Reporting Person*
Gravina Thomas J.
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(Last) (First) (Middle)
c/o ATX Communications, Inc.
50 Monument Road
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(Street)
Bala Cynwyd PA 19004
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(City) (State) (Zip)
________________________________________________________________________________
2. Date of Event Requiring Statement (Month/Date/Year)
07/1/02
________________________________________________________________________________
3. IRS or Social Security Number of Reporting Person (Voluntary)
________________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
ATX Communications, Inc. (COMM)
________________________________________________________________________________
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [X] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
President and Chief Executive Officer
________________________________________________________________________________
6. If Amendment, Date of Original (Month/Date/Year)
07/1/02
________________________________________________________________________________
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 Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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Common Stock 3,417,006 D
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Common Stock 2,469 I (1)
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Explanation of Responses:
(1) Shares held by the Reporting Person's minor children. The Reporting Person
disclaims beneficial ownership of the shares of Common Stock held by the
Reporting Person's minor children, and this report shall not be deemed an
admission that the Reporting Person is the beneficial owner of the securities
for purposes of Section 16 of the Securities Exchange Act of 1934 or for any
other purpose.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
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(Over)
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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Incentive Stock Options (2) 1/11/12 Common Stock 272,727 $1.00 D
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Non-qualified Stock (3) 1/11/12 Common Stock 694,773 $1.00 D
Options
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Explanation of Responses:
(2) The options vest in three installments: 90,909 shares vested on January 11,
2002, 90,909 shares will vest on January 1, 2003 and 90,909 shares will vest on
January 1, 2004, subject to continued employment.
(3) The options vest in three installments: 238,041 shares vested on January 11,
2002, 228,366 shares will vest on January 1, 2003 and 228,366 shares will vest
on January 1, 2004, subject to continued employment.
/s/ Thomas J. Gravina 10/14/02
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**Signature of Reporting Person 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.
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