SC 13G 1 a2053305zsc13g.txt SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (AMENDMENT NO. _____________)* UNDER THE SECURITIES EXCHANGE ACT OF 1934 FLAG TELECOM HOLDINGS LIMITED ----------------------------- (Name of Issuer) COMMON SHARES, PAR VALUE $0.0006 PER SHARE ------------------------------------------- (Title of Class of Securities) G3529L 10 2 ----------------- (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) June 19, 2001 (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) [X] Rule 13d-1(c) [ ] 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 on 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. G3529L 10 2 PAGE 2 OF 6 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 ----------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING 15,000,000 PERSON ----------------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 15,000,000 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,000,000 -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11.18% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP NO. G3529L 10 2 PAGE 3 OF 6 PAGES --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS TGN Holdings, 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 ----------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING 15,000,000 PERSON ----------------------------------------------------------- WITH 7 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 15,000,000 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,000,000 -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11.18% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO -------------------------------------------------------------------------------- SCHEDULE 13G ITEM 1. (A) NAME OF ISSUER FLAG Telecom Holdings Limited (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: Cedar House, 41 Cedar Avenue, Hamilton HM12, Bermuda ITEM 2. (A) NAMES OF PERSONS FILING: Tyco International Ltd. TGN Holdings, Ltd. (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE: Tyco International Ltd. The Zurich Centre, Second Floor 90 Pitts Bay Road Pembroke HM 08 Bermuda TGN Holdings, Ltd. The Zurich Centre, Second Floor 90 Pitts Bay Road Pembroke HM 08 Bermuda (C) CITIZENSHIP: Tyco International Ltd. - Bermuda TGN Holdings, Ltd. - Bermuda (D) TITLE OF CLASS OF SECURITIES: Common Shares, par value $0.0006 per share (E) CUSIP NUMBER: G3529L 10 2 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13DL(B) OR 240.13D2(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)(l 9) 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 80a8); (e) [ ] An investment adviser in accordance with Section 240.13dl(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Section 240.13d1 (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); (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. 80a3); (j) [ ] Group, in accordance with Section 240.13dl(b)(1)(ii)(J). 4 ITEM 4. OWNERSHIP Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 15,000,000 (b) Percent of class: 11.18% (c) Tyco International Ltd. and TGN Holdings, Ltd. have shared voting and dispositive power as to 15,000,000 shares, representing 11.18% of FLAG Telecom Holdings Limited's outstanding Common Shares. The total number of shares outstanding is 134,124,421, the number of shares outstanding as of May 1, 2001. Neither Tyco International Ltd. nor TGN Holdings, Ltd. has sole voting or dispositive power. TGN Holdings, Ltd. is a wholly-owned subsidiary of Tyco International Ltd. 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 By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 5 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: June 29, 2001 Name: Mark H. Swartz Title: Executive Vice President and Chief Financial Officer TGN HOLDINGS, LTD. Date: June 29, 2001 By: /s/ GLEN J. MISKIEWICZ ---------------------------- Name: Glen J. Miskiewicz Title: Vice President 6 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Item 8 Exhibit 99.2 Agreement of Joint Filing E-1