UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL 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(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GIBSON JOHN W JR 3087 FORD LANE SEALY, TX 77474 |
 X |  X |  |  |
/s/ John W. Gibson | 11/28/2005 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Please see "remarks". |
 Remarks: The Reporting Person is an Executive Managing Director of Fox Paine Capital, LLC ("Capital LLC") and Fox Paine & Company, LLC ("Company LLC").  Capital LLC is (i) the General Partner of Fox Paine Capital Fund, L.P. and FPC Investors, L.P. (collectively, the "LP"'s), each of which is a direct owner of, respectively, 16,251,658 and 241,144 shares of Common Stock, par value $.01 per share, of Alaska Communications Systems Group, Inc. (the "Issuer") and (ii) the Managing Member of ALEC Coinvestment Fund I, LLC, ALEC Coinvestment Fund II, LLC, ALEC Coinvestment Fund III, LLC, ALEC Coinvestment Fund IV, LLC and ALEC Coinvestment Fund V, LLC (collectively, the "Funds" and), which in the aggregate directly own 3,006,077 shares of Common Stock of the Issuer.  Company LLC is the manager of the LP's.  As a result, Capital LLC and Company LLC may in the aggregate be deemed to own beneficially and indirectly 19,498,879 shares of Common Stock (the "Shares") of the Issuer.  The Reporting Person disclaims beneficial ownership of the Shares reported herein except to the extent of his pecuniary interest therein. |