SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)(1)
Genuity Inc.
(Name Of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
37248E103
(Cusip Number)
December 31, 2002
(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)
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(1) 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 ("the 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).
Page 1 of 8 pages
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CUSIP NO. 37248E103 13G
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1 NAME OF REPORTING PERSON
SS. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
Verizon Communications Inc. #23-2259884
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) | |
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares of Class A Common Stock
-----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2 shares of Class A Common Stock
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares of Class A Common Stock
-----------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 2 shares of Class A Common Stock
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2 shares of Class A Common Stock
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
| |
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
LESS THAN 1% OF THE AGGREGATE OF THE ISSUER'S CLASS A COMMON STOCK, PAR
VALUE $0.01 PER SHARE, ASSUMING CONVERSION OF THE REPORTING PERSONS'
SHARES OF CLASS B COMMON STOCK INTO CLASS A COMMON STOCK.
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12 TYPE OF REPORTING PERSON*
CO
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Page 2 of 8 pages
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CUSIP NO. 37248E103 13G
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1 NAME OF REPORTING PERSON
SS. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
GTE Corporation #13-1678633
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) | |
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares of Class A Common Stock
-----------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2 shares of Class A Common Stock
-----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares of Class A Common Stock
-----------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 2 shares of Class A Common Stock
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2 shares of Class A Common Stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
| |
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
LESS THAN 1% OF THE AGGREGATE OF THE ISSUER'S CLASS A COMMON STOCK, PAR
VALUE $0.01 PER SHARE, ASSUMING CONVERSION OF THE REPORTING PERSONS'
SHARES OF CLASS B COMMON STOCK INTO CLASS A COMMON STOCK.
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
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Page 3 of 8 pages
Item 1.
(a) Name of Issuer
Genuity Inc.
(b) Address of Issuer's Principal Executive Offices
225 Presidential Way
Woburn, Massachusetts 01801
Item 2.
(a) Name of Persons Filing
Verizon Communications Inc. ("Verizon")
GTE Corporation ("GTE")
(b) Address of Principal Business Office or, if none, Residence
For each of Verizon and GTE:
1095 Avenue of the Americas
New York, New York 10036
(c) Citizenship
Verizon is incorporated under the laws of the State of Delaware. GTE
is incorporated under the laws of the State of New York.
(d) Title of Class of Securities
Class A Common Stock, par value $0.01 per share
(e) Cusip Number
37248E103
Page 4 of 8 pages
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person filing is a:
(a) | | Broker or Dealer registered under Section 15 of the Exchange Act
(b) | | Bank as defined in Section 3(a)(6) of the Exchange Act
(c) | | Insurance Company as defined in Section 3(a)(19) of the Exchange Act
(d) | | Investment Company registered under Section 8 of the Investment
Company Act
(e) | | Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
(f) | | Employee Benefit Plan or Endowment Fund in accordance with
13d-1(b)(1)(ii)(F)
(g) | | Parent Holding Company or Control Person in accordance with Rule
13d-1(b)(1)(ii)(G)
(h) | | Savings Association as defined in Section 3(b) of the Federal Deposit
Insurance Act
(i) | | Church Plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act
(j) | | Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
Item 4. Ownership
(a) Amount Beneficially Owned:
2 shares of Class A Common Stock
(b) Percent of Class:
Less than 1% of the aggregate of the Issuer's Class A Common Stock, par
value $0.01 per share, assuming conversion of the reporting persons' Class B
Common Stock into Class A Common Stock.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 2
(iii) sole power to dispose or to direct the disposition of: 0
Page 5 of 8 pages
(iv) shared power to dispose or to direct the disposition of: 2
GTE owns of record and beneficially 1 share of Class B Common Stock of Genuity
Inc. This share of Class B Common Stock is convertible at any time into 2 shares
of Class A Common Stock of Genuity Inc.
Verizon is the owner of 100% of the common stock of GTE. By virtue of the
relationship between Verizon and GTE, Verizon may be deemed to have shared power
to vote and dispose of, or to direct the vote and disposition of, the 2 shares
of Class A Common Stock of Genuity Inc. beneficially owned by GTE.
Item 5. Ownership of Five Percent or Less of a Class:
This statement is being filed to report the fact that as of the date
hereof the reporting persons have ceased to be the beneficial owners of more
than five percent of the Class A Common Stock of Genuity Inc.
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:
See Item 4.
Item 8. Identification and Classification of Members of the Group:
Not Applicable.
Item 9. Notice of Dissolution of Group:
Not Applicable.
Item 10. Certifications:
Not Applicable.
Page 6 of 8 pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 12, 2003
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VERIZON COMMUNICATIONS INC.
/s/ Marianne Drost
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Signature
Marianne Drost - Corporate Secretary
------------------------------------
Name/Title
GTE CORPORATION
/s/ Marianne Drost
------------------------------------
Signature
Marianne Drost - Corporate Secretary
------------------------------------
Name/Title
Page 7 of 8 pages
EXHIBIT A
AGREEMENT AS TO JOINT FILING OF
SCHEDULE 13G
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
the persons named below agree to the joint filing on behalf of each of them of a
Statement on Schedule 13G (including amendments thereto) with respect to the
Class A Common Stock of Genuity Inc. and further agree that this Joint Filing
Agreement be included as an Exhibit to such joint filings. In evidence thereof,
the undersigned hereby execute this Agreement as of the 6th day of April, 2001.
VERIZON COMMUNICATIONS INC.
/s/ Marianne Drost
------------------------------------
Signature
Marianne Drost - Corporate Secretary
------------------------------------
Name/Title
GTE CORPORATION
/s/ Marianne Drost
------------------------------------
Signature
Marianne Drost - Corporate Secretary
------------------------------------
Name/Title
Page 8 of 8 pages