SC 13G 1 a2037711zsc13g.txt SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (AMENDMENT NO. _____________)* UNDER THE SECURITIES EXCHANGE ACT OF 1934 360networks inc. ---------------- (Name of Issuer) SUBORDINATE VOTING SHARES ------------------------- (Title of Class of Securities) 88575T 20 5 ----------- (CUSIP Number) Mark H. Swartz Executive Vice President Tyco International Ltd. The Zurich Centre, Second Floor 90 Pitts Bay Road Pembroke HM 08, Bermuda (441) 292-8674 With copies to: Meredith B. Cross, Esq. Fati Sadeghi, Esq. Wilmer, Cutler & Pickering Senior Corporate Counsel 2445 M Street, N.W. Tyco International (US) Inc. Washington, D.C. 20037 One Tyco Park (202) 663-6000 Exeter, NH 03833 (603) 778-9700 ------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 2000 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G CUSIP NO. 88575T 20 5 PAGE 2 OF 7 PAGES ---------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS Tyco International Ltd. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Not applicable -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 58,001,359 ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8. SHARED DISPOSITIVE POWER WITH 58,001,359 -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 58,001,359 -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.48% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP NO. 88575T 20 5 PAGE 3 OF 7 PAGES ---------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS Tyco International Group S.A. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Not applicable -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 58,001,359 ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8. SHARED DISPOSITIVE POWER WITH 58,001,359 -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 58,001,359 -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.48% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP NO. 88575T 20 5 PAGE 4 OF 7 PAGES ---------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS Tyco Group s.a.r.l. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Not applicable -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ X ] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 58,001,359 ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8. SHARED DISPOSITIVE POWER WITH 58,001,359 -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 58,001,359 -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.48% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO -------------------------------------------------------------------------------- SCHEDULE 13G ITEM 1. (a) NAME OF ISSUER: 360networks inc. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1500-1066 West Hastings Street, Vancouver, British Columbia, Canada V6E 3X1 ITEM 2. (a) NAMES OF PERSONS FILING: Tyco International Ltd. Tyco International Group S.A. Tyco Group s.a.r.l. (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE: Tyco International Ltd. The Zurich Centre, Second Floor 90 Pitts Bay Road Pembroke HM 08, Bermuda Tyco International Group S.A. 6, avenue Emile Reuter Second Floor L-2420 Luxembourg Tyco Group s.a.r.l. 6, avenue Emile Reuter Second Floor L-2420 Luxembourg (c) CITIZENSHIP: Tyco International Ltd. - Bermuda Tyco International Group S.A. - Luxembourg Tyco Group s.a.r.l. - Luxembourg (d) TITLE OF CLASS OF SECURITIES: Subordinate Voting Shares (e) CUSIP NUMBER: 88575T 20 5 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO Sections 240.13d-l(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c)., (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) [ ] An investment adviser in accordance with Section 240.13d-l(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1 (b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); -5- (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Section 240.13d-l(b)(1)(ii)(J). ITEM 4. OWNERSHIP (a) Amount beneficially owned: 58,001,359 (b) Percent of class: 8.48% (c) Tyco International Ltd., Tyco International Group S.A., and Tyco Group s.a.r.l. have shared voting and dispositive power as to 58,001,359 shares, representing 8.48% of 360networks inc.'s outstanding Subordinate Voting Shares. The total number of shares outstanding is the number of shares outstanding as of May 31, 2000, as disclosed in 360networks inc.'s Form 20-F for the fiscal year ended December 31, 1999. None of Tyco International Ltd., Tyco International Group S.A., or Tyco Group s.a.r.l. has sole voting or dispositive power. Tyco International Group S.A. is a direct wholly-owned subsidiary of Tyco International Ltd. Tyco Group s.a.r.l. is an indirect wholly-owned subsidiary of Tyco International Ltd. and is a direct wholly-owned subsidiary of Tyco International Group S.A. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP See Exhibit 99.1 to this filing. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATION Not applicable. -6- SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. TYCO INTERNATIONAL LTD. By: /s/ Mark H. Swartz Date: February 8, 2001 -------------------------------- Name: Mark H. Swartz Title: Executive Vice President and Chief Financial Officer TYCO INTERNATIONAL GROUP S.A. Date: February 8, 2001 By: /s/ Richard W. Brann -------------------------------- Name: Richard W. Brann Title: Managing Director TYCO GROUP s.a.r.l. Date: February 8, 2001 By: /s/ Richard W. Brann -------------------------------- Name: Richard W. Brann Title: General Manager -7- EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Item 8 Exhibit 99.2 Agreement of Joint Filing E-1