UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 PRIMUS TELECOMMUNICATIONS GROUP, INCORPORATED (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE PER SHARE (Title of Class of Securities) 741929 10 3 (CUSIP Number) Paul Hong, Esq. AIG Global Sports and Entertainment Fund, L.P. AIG Global Emerging Markets Fund, L.L.C. GEM Parallel Fund, L.P. c/o AIG Capital Partners, Inc. 175 Water Street New York, NY 10038 Tel. No.: (212) 458-2156 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 2002 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [__] Note: Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all Exhibits. See Section 240.13d-7(b) for other parties to whom copies are to be sent.
CUSIP No. 741929 10 3 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). AIG GLOBAL SPORTS AND ENTERTAINMENT FUND, L.P. (I.R.S. NO. 52-2190010) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization CAYMAN ISLANDS 7. Sole Voting Power Number of 8,243,800 shares of common stock, par value $0.01 per share Shares Beneficially 8. Shared Voting Power Owned by Each Reporting 9. Sole Dispositive Power Person With 8,243,800 shares of common stock, par value $0.01 per share 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 8,243,800 shares of common stock, par value $0.01 per share 12. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13. Percent of Class Represented by Amount in Row (11) 11.3% 14. Type of Reporting Person (See Instructions) PN
CUSIP No. 741929 10 3 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). AIG GSEF, L.P. (I.R.S. NO. 98-0210589) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization CAYMAN ISLANDS 7. Sole Voting Power Number of 8,243,800 shares of common stock, par value $0.01 per share Shares Beneficially 8. Shared Voting Power Owned by Each Reporting 9. Sole Dispositive Power Person With 8,243,800 shares of common stock, par value $0.01 per share 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 8,243,800 shares of common stock, par value $0.01 per share 12. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13. Percent of Class Represented by Amount in Row (11) 11.3% 14. Type of Reporting Person (See Instructions) PN
CUSIP No. 741929 10 3 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). AIG GSEF INVESTMENTS, LTD. (I.R.S. NO. 98-0210590) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization CAYMAN ISLANDS 7. Sole Voting Power Number of 8,243,800 shares of common stock, par value $0.01 per share Shares Beneficially 8. Shared Voting Power Owned by Each Reporting 9. Sole Dispositive Power Person With 8,243,800 shares of common stock, par value $0.01 per share 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 8,243,800 shares of common stock, par value $0.01 per share 12. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13. Percent of Class Represented by Amount in Row (11) 11.3% 14. Type of Reporting Person (See Instructions) OO
CUSIP No. 741929 10 3 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). AIG CAPITAL PARTNERS, INC. (I.R.S. NO. 13-3856440) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization DELAWARE 7. Sole Voting Power Number of 8,243,800 shares of common stock, par value $0.01 per share Shares Beneficially 8. Shared Voting Power Owned by Each Reporting 9. Sole Dispositive Power Person With 8,243,800 shares of common stock, par value $0.01 per share 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 8,243,800 shares of common stock, par value $0.01 per share 12. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13. Percent of Class Represented by Amount in Row (11) 11.3% 14. Type of Reporting Person (See Instructions) CO
CUSIP No. 741929 10 3 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). AIG GLOBAL EMERGING MARKETS FUND, L.L.C. (I.R.S. NO. 13-3960880) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization DELAWARE 7. Sole Voting Power Number of 7,454,840 shares of common stock, par value $0.01 per share Shares Beneficially 8. Shared Voting Power Owned by Each Reporting 9. Sole Dispositive Power Person With 7,454,840 shares of common stock, par value $0.01 per share 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 7,454,840 shares of common stock, par value $0.01 per share 12. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13. Percent of Class Represented by Amount in Row (11) 10.3% 14. Type of Reporting Person (See Instructions) OO
CUSIP No. 741929 10 3 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GEM PARALLEL FUND, L.P. (I.R.S. NO. 52-2159897) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization DELAWARE 7. Sole Voting Power Number of 788,920 shares of common stock, par value $0.01 per share Shares Beneficially 8. Shared Voting Power Owned by Each Reporting 9. Sole Dispositive Power Person With 788,920 shares of common stock, par value $0.01 per share 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 788,920 shares of common stock, par value $0.01 per share 12. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13. Percent of Class Represented by Amount in Row (11) 1.2% 14. Type of Reporting Person (See Instructions) PN
CUSIP No. 741929 10 3 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). AIG CAPITAL MANAGEMENT CORP. (I.R.S. NO. 13-3776802) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization DELAWARE 7. Sole Voting Power Number of 8,243,760 shares of common stock, par value $0.01 per share Shares Beneficially 8. Shared Voting Power Owned by Each Reporting 9. Sole Dispositive Power Person With 8,243,760 shares of common stock, par value $0.01 per share 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 8,243,760 shares of common stock, par value $0.01 per share 12. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13. Percent of Class Represented by Amount in Row (11) 11.3% 14. Type of Reporting Person (See Instructions) CO
CUSIP No. 741929 10 3 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). AIG ASSET MANAGEMENT SERVICES, INC. (I.R.S. NO. 13-3805094) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization DELAWARE 7. Sole Voting Power Number of 8,243,760 shares of common stock, par value $0.01 per share Shares Beneficially 8. Shared Voting Power Owned by Each Reporting 9. Sole Dispositive Power Person With 8,243,760 shares of common stock, par value $0.01 per share 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 8,243,760 shares of common stock, par value $0.01 per share 12. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13. Percent of Class Represented by Amount in Row (11) 11.3% 14. Type of Reporting Person (See Instructions) CO
CUSIP No. 741929 10 3 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). AIG GLOBAL INVESTMENT GROUP, INC. (I.R.S. NO. 13-3870953) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization DELAWARE 7. Sole Voting Power Number of 16,487,560 shares of common stock, par value $0.01 per share Shares Beneficially 8. Shared Voting Power Owned by Each Reporting 9. Sole Dispositive Power Person With 16,487,560 shares of common stock, par value $0.01 per share 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 16,487,560 shares of common stock, par value $0.01 per share 12. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11) 20.3% 14. Type of Reporting Person (See Instructions) CO, HC
CUSIP No. 741929 10 3 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). AMERICAN INTERNATIONAL GROUP, INC. (I.R.S. NO. 13-2592361) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization DELAWARE 7. Sole Voting Power Number of 16,487,560 shares of common stock, par value $0.01 per share Shares Beneficially 8. Shared Voting Power Owned by Each Reporting 9. Sole Dispositive Power Person With 16,487,560 shares of common stock, par value $0.01 per share 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 16,487,560 shares of common stock, par value $0.01 per share 12. Check box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11) 20.3% 14. Type of Reporting Person (See Instructions) CO, HC
ITEM 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of common stock, par value $0.01 per share (the "Common Stock") of Primus Telecommunications Group, Incorporated, a Delaware corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 1700 Old Meadow Road, McLean, VA 22102. ITEM 2. IDENTITY AND BACKGROUND (a) through (c) and (f): This Schedule 13D is being filed on behalf of the following entities (collectively, the "Filers"): (i) AIG Global Sports and Entertainment Fund, L.P., a Cayman Islands limited partnership ("AIGGSEF"), having its principal office at Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands, is an investment fund engaged in the business of making proprietary investments; (ii) AIG GSEF, L.P., a Cayman Islands limited partnership ("AIGGSEFGP"), having its principal office at Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands, is the sole general partner of AIGGSEF; (iii) AIG GSEF Investments, Ltd., a Cayman Islands limited company ("AIGGSEFI"), having its principal office at Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands, is the sole general partner of AIGGSEFGP; (iv) AIG Capital Partners, Inc., a Delaware corporation ("AIGCP"), having its principal office at 175 Water Street, New York, NY 10038, is the sole shareholder of AIGGSEFI and is engaged in the business of originating and managing AIG's international private equity investments in emerging markets; (v) AIG Global Emerging Markets Fund, L.L.C., a Delaware limited liability company ("AIGGEM"), having its principal office at 175 Water Street, New York, NY 10038, is an investment fund engaged in the business of making proprietary investments; (vi) GEM Parallel Fund, L.P., a Delaware limited partnership ("GEM Parallel"), having its principal office at 175 Water Street, New York, NY 10038, is an investment fund engaged in the business of making proprietary investments; (vii) AIG Capital Management Corp., a Delaware corporation ("AIGCMC"), having its principal office at 70 Pine Street, New York, NY 10270, is the sole managing member of AIGGEM and is the sole general partner of GEM Parallel and is engaged in the business of organizing and managing the invested assets of institutional private equity investment funds; (viii) AIG Asset Management Services, Inc., a Delaware corporation ("AIGAMS"), having its principal office at 70 Pine Street, New York, NY 10270, is the sole shareholder of AIGCMC and is a holding company;
(ix) AIG Global Investment Group, Inc., a Delaware corporation ("AIGGIG"), having its principal office at 70 Pine Street, New York, NY 10270, is the sole shareholder of AIGCP and AIGAMS and is a holding company; and (x) American International Group, Inc., a Delaware corporation ("AIG"), having its principal office at 70 Pine Street, New York, NY 10270, is the sole shareholder of AIGGIG and is a holding company which through its subsidiaries engaged in a broad range of insurance and insurance-related activities and financial services in the United States and abroad. Starr International Company, Inc., a private holding company incorporated in Panama ("SICO"), The Starr Foundation, a New York not-for-profit corporation ("The Starr Foundation"), and C.V. Starr & Co, Inc., a Delaware corporation ("Starr"), have the right to vote approximately 12%, 2.3% and 1.8%, respectively, of the outstanding common stock of AIG. The principal executive offices of SICO are located at 29 Richmond Road, Pembroke, Bermuda. The principal executive offices of The Starr Foundation and Starr are located at 70 Pine Street, New York, NY 10270. The names of the executive officers and directors (collectively, "Covered Persons") of each of AIG, AIGGIG, AIGCP, AIGGSEFI, AIGAMS, AIGCMC, SICO, The Starr Foundation and Starr, their business addresses and principal occupations are set forth in Annex A attached hereto, which is incorporated herein by reference in its entirety. The business address indicated for each Covered Person is also the address of the principal employer for such Covered Person. Each of the Covered Persons is a United States citizen, except for Messrs. Manton and Tse, who are British Subjects, Mr. Johnson who is a British National and Mr. Cohen who is a Canadian citizen. (d) and (e): During the last five years, none of the Filers, SICO, The Starr Foundation or Starr nor, to the best knowledge of each such Filer, SICO, The Starr Foundation or Starr, their respective Covered Persons has (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding has been or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. On December 31, 2002, pursuant to that certain Stock Purchase Agreement (the "Purchase Agreement") dated as of such date by and among the Issuer, AIGGSEF, AIGGEM, GEM Parallel (AIGGSEF, AIGGEM and GEM Parallel being referred to herein as the "Lead Investors") and Duke Hotels Limited ("Duke," and together with the Lead Investors, the "Investors"), which Purchase Agreement is filed herewith as Exhibit 2 and incorporated herein by reference in its entirety, (i) AIGGSEF purchased 206,095 shares of the Issuer's Series C Convertible Preferred Stock, par value $0.01 per share (the "Series C Preferred"), for
$15,458,475.73, (ii) AIGGEM purchased 186,371 shares of Series C Preferred for $13,979,099.60, and (iii) GEM Parallel purchased 19,723 shares of Series C Preferred for $1,479,376.13. Each of AIGGSEF, AIGGEM and GEM Parallel obtained the funds used to purchase their respective shares of Series C Preferred by contributions from their respective members or general and limited partners, as applicable. Each share of Series C Preferred is initially convertible at any time at the option of the holder thereof into forty (40) shares of Common Stock. ITEM 4. PURPOSE OF TRANSACTION. Each of AIGGSEF, AIGGEM, GEM Parallel Fund acquired the securities reported herein for investment purposes and may, from time to time, depending on such Investor's evaluation of the market for the Common Stock, other opportunities available to it, its financial requirements and other possible future developments, decide to increase or decrease its holdings of the Series C Preferred or the Common Stock into which the Series C Preferred is convertible, including, without limitation, by converting all or any portion of the shares of Series C Preferred into shares of Common Stock in accordance with the terms of the Certificate of Designation in respect of the Series C Preferred filed herewith as Exhibit 3, which is incorporated herein by reference in its entirety (the "Certificate of Designation"). The response to Item 3 hereof is incorporated herein by reference in its entirety. Pursuant to the terms of the Purchase Agreement, which is incorporated herein by reference in its entirety, the Lead Investors are obligated to purchase up to an aggregate of 121,097 additional shares of Series C Preferred, as subject to adjustment in the event of stock splits and similar events, at one or more Subsequent Closings (as defined in the Purchase Agreement) for an aggregate maximum purchase price of $9,083,048.54 in the event that certain conditions specified in the Purchase Agreement are satisfied, including satisfaction of one or more of the conditions specified in Section 5.16 of the Purchase Agreement. The maximum number of shares of Series C Preferred, as subject to adjustment in the event of stock splits and similar events, that each of AIGGSEF, AIGGEM and GEM Parallel Fund is obligated to purchase is 60,548, 54,754 and 5,795, respectively. The maximum aggregate purchase price payable by each of AIGGSEF, AIGGEM and GEM Parallel Fund for such shares is $4,541,524.27, $4,106,900.40 and $434,623.87, respectively. Pursuant to the terms of the Certificate of Designation, the Investors currently have the right, among other rights set forth in the Certificate of Designation, to elect and appoint one director (the "Preferred Director") to the Board of Directors of the Issuer, to approve the authorization or issuance of certain equity securities of the Issuer that are senior to or pari passu with shares of Series C Preferred, to approve any amendment to the organizational documents of the Issuer that would materially and adversely affect the rights of the holders of shares of Series C Preferred and to exercise preemptive rights on a pro rata basis with the other Investors in connection with certain future issuances of securities by the Issuer. In addition, without the majority approval of the Preferred Director and the other non-management directors of the Issuer, voting together as a group, the Issuer may not undertake certain corporate or other actions as specified in the Certificate of Designation. The Investors are also entitled to performance adjustment payments under certain circumstances, which may be payed in cash or by adjusting the conversion ratio
applicable to the Series C Preferred in the discretion of the Board of Directors of the Issuer, and weighted average anti-dilution protection in the event of certain dilutive issuances by the Issuer, which may result in additional adjustments to the conversion ratio applicable to the Series C Preferred. Although the extent to which the conversion ratio may be increased is limited due to a floor on the Effective Conversion Price (as defined in the Certificate of Designation), the foregoing rights may be deemed to impede the acquisition of control of the Issuer by a third-party. The Investors have exercised the right to appoint and elect one director and have appointed and elected Mr. Paul G. Pizzani as a director of the Issuer. As a result, the size of the Board of Directors of the Issuer has been increased to eight directors. So long as the Investors continue to hold such right in accordance with the terms of the Certificate of Designation, it is anticipated that such right will continue to be exercised by the Investors in the future. As a result of the transactions contemplated by the Purchase Agreement, the capitalization of the issuer has changed and is subject to further change in the event that additional shares of Series C Preferred are issued pursuant to the terms of the Purchase Agreement upon satisfaction of the applicable conditions specified in the Purchase Agreement. In addition, the capitalization of the Issuer is subject to change upon any mandatory or optional conversion of all or any portion of the Series C Preferred into shares of Common Stock in accordance with the terms and provisions of the Certificate of Designation. Pursuant to that certain Registration Rights Agreement (the "Registration Rights Agreement"), filed herewith as Exhibit 4 and incorporated herein by reference in its entirety, by and among the Issuer and each of the Investors, each of the Investors has been granted certain demand and "piggyback" registration rights entitling such Investors, subject to the limitations set forth therein, to have their respective Registrable Securities (as defined therein) registered under the Securities Act of 1933, as amended. Upon the exercise of such rights, the Investors may dispose of Common Stock of the Issuer received upon conversion of shares of Series C Preferred. The foregoing summary of certain provision of the Certificate of Designation, the Purchase Agreement and the Registration Rights Agreement does not purport to be complete and is qualified in its entirety by reference to such documents as filed herewith as Exhibits. Except as contemplated by the Certificate of Designation, the Purchase Agreement and the Registration Rights Agreement or as otherwise set forth in this Item 4, none of the Filers, SICO, The Starr Foundation or Starr nor, to the best knowledge of each such Filer, SICO, The Starr Foundation or Starr, their respective Covered Persons has any present plans or proposals which relate to or would result in: (i) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (ii) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of is subsidiaries; (iii) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;
(iv) any change in the present Board of Directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board of Directors; (v) any material change in the present capitalization or dividend policy of the Issuer; (vi) any other material change in the Issuer's business or corporate structure; (vii) changes in the Issuer's Certificate of Incorporation, By-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; (viii)causing a class of securities of the Issuer to cease to be quoted on The Nasdaq Stock Market, Inc. (ix) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (x) any action similar to any of those enumerated above. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) and (b): The information required by these paragraphs is set forth in Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D and is incorporated herein by reference. Such information is based upon the number of shares of Common Stock represented by the Issuer to be issued and outstanding as of December 31, 2002. (c): Other than the transactions contemplated by the Purchase Agreement and described in response to Item 4 hereof, none of the Filers, SICO, The Starr Foundation or Starr nor, to the best knowledge of each such Filer, SICO, The Starr Foundation or Starr, their respective Covered Persons has effected any transactions in the Common Stock or the Series C Preferred during the past sixty days. (d) and (e): Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. The only contracts, arrangements, understandings or relationships that currently exist between any of the Filers or any of the Covered Persons and any other person with respect to securities of the Issuer are the Purchase Agreement and the Registration Rights Agreement, each of which is filed herewith as an Exhibit and is incorporated herein in its entirety by reference. Except as otherwise set forth in this Schedule 13D and the Exhibits filed herewith, there are no contracts,
arrangements, understandings or relationships between any of the Filers or any of the Covered Persons and any other person with respect to any securities of the Issuer, including any contract, arrangement, understanding or relationship concerning the transfer or the voting of any securities of the Issuer, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. 1. Joint Filing Agreement by and among the Filers as required by Rule 13d-1(k)(1). 2. Stock Purchase Agreement, dated as of December 31, 2002, by and among the Issuer and each of the Investors (incorporated by reference to Exhibit 99.1 to the Issuer's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on January 2, 2003). 3. Certificate of Designation in respect of the Series C Preferred (incorporated by reference to Exhibit 4.1 to the Issuer's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on January 2, 2003). 4. Registration Rights Agreement, dated as of December 31, 2002, by and among the Issuer and each of the Investors (incorporated by reference to Exhibit 99.2 to the Issuer's Current Report on Form 8-K, as filed with the Securities and Exchange Commission on January 2, 2003).
SIGNATURE 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. Date: January 10, 2003 AIG GLOBAL SPORTS AND ENTERTAINMENT FUND, L.P. By: AIG GSEF, L.P. Its general partner By: AIG GSEF Investments, Ltd., its general partner By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Director Date: January 10, 2003 AIG GSEF, L.P. By: AIG GSEF Investments, Ltd., its general partner By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Director Date: January 10, 2003 AIG GSEF INVESTMENTS, LTD. By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Director Date: January 10, 2003 AIG CAPITAL PARTNERS, INC. By: /s/ Peter Yu --------------------- Name: Peter Yu Title: President
Date: January 10, 2003 AIG GLOBAL EMERGING MARKETS FUND, L.L.C. By: AIG Capital Management Corp., its managing member By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Managing Director and Vice President Date: January 10, 2003 GEM PARALLEL FUND, L.P. By: AIG Capital Management Corp., its general partner By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Managing Director
Date: January 10, 2003 AIG CAPITAL MANAGEMENT CORP. By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Managing Director Date: January 10, 2003 AIG ASSET MANAGEMENT SERVICES, INC. By: /s/ Win J. Neuger --------------------------- Name: Win J. Neuger Title: Director & President Date: January 10, 2003 AIG GLOBAL INVESTMENT GROUP, INC. By: /s/ Win J. Neuger --------------------------- Name: Win J. Neuger Title: Chairman & Chief Executive Officer Date: January 10, 2003 AMERICAN INTERNATIONAL GROUP, INC. By: /s/ Kathleen E. Shannon --------------------------- Name: Kathleen E. Shannon Title: Vice President & Secretary
ANNEX A AMERICAN INTERNATIONAL GROUP, INC. DIRECTORS M. Bernard Aidinoff Sullivan & Cromwell 125 Broad Street New York, New York 10004 Eli Broad SunAmerica Inc. 1 SunAmerica Center 1999 Avenue of the Stars Los Angeles, California 90067 Pei-yuan Chia 298 Bedford - Banksville Road Bedford, New York 10506 Marshall A. Cohen Cassels, Brock & Blackwell 40 King Street West 20th Floor Toronto, Ontario M5H 3C2 Barber B. Conable, Jr. P.O. Box 218 Alexander, New York 14005 Martin S. Feldstein National Bureau of Economic Research, Inc. 1050 Massachusetts Avenue Cambridge, Massachusetts 02138 Ellen V. Futter American Museum of Natural History Central Park West at 79th Street New York, New York 10024 M.R. Greenberg American International Group, Inc. 70 Pine Street New York, New York 10270 Carla A. Hills Hills & Company 1200 19th Street, N.W. - 5th Floor Washington, DC 20036 Richard C. Holbrooke The Council on Foreign Relations 58 E. 68th Street New York, New York 10021 Frank J. Hoenemeyer 7 Harwood Drive Madison, New Jersey 07940
Edward E. Matthews American International Group, Inc. 70 Pine Street New York, New York 10270 Howard I. Smith American International Group, Inc. 70 Pine Street New York, New York 10270 Martin J. Sullivan American International Group, Inc. 70 Pine Street New York, New York 10270 Thomas R. Tizzio American International Group, Inc. 70 Pine Street New York, New York 10270 Edmund S.W. Tse American International Assurance Co., Ltd. 1 Stubbs Road Hong Kong Jay S. Wintrob SunAmerica Inc. 1 SunAmerica Center 1999 Avenue of the Stars Los Angeles, California 90067 Frank G. Wisner American International Group, Inc. 70 Pine Street New York, New York 10270 Frank G. Zarb The NASDAQ Stock Market, Inc. Four Times Square New York, New York 10036 AMERICAN INTERNATIONAL GROUP, INC. EXECUTIVE OFFICERS M.R. Greenberg Chairman & Chief Executive Officer 70 Pine Street New York, New York 10270 Edward E. Matthews Senior Vice Chairman - Investments & 70 Pine Street Financial Services New York, New York 10270
Thomas R. Tizzio Senior Vice Chairman - General Insurance 70 Pine Street New York, New York 10270 Edmund S.W. Tse Senior Vice Chairman & Co-Chief Operating American International Assurance Officer Co., Ltd. 1 Stubbs Road Hong Kong Howard I. Smith Vice Chairman, Chief Administrative Officer 70 Pine Street & Chief Financial Officer New York, New York 10270 Martin J. Sullivan Vice Chairman & Co-Chief Operating Officer 70 Pine Street New York, New York 10270 Frank G. Wisner Vice Chairman - External Affairs 70 Pine Street New York, New York 10270 John A. Graf Executive Vice President - Retirement 2929 Allen Parkway Savings Houston, Texas 77019 Donald Kanak Executive Vice President & Chief Executive American International Building Officer of AIG Companies in Japan 1-3 Marunouchi, 1-chome Chiyoda-ku, Tokyo, Japan Rodney O. Martin, Jr. Executive Vice President - Life Insurance 2929 Allen Parkway Houston, Texas 77019 Win J. Neuger Executive Vice President & Chief Investment 70 Pine Street Officer New York, New York 10270 Jay S. Wintrob Executive Vice President - Retirement 1 SunAmerica Center Savings 1999 Avenue of the Stars Los Angeles, California 90067 Kristian P. Moor Executive Vice President - Domestic General 70 Pine Street Insurance New York, New York 10270
R. Kendall Nottingham Executive Vice President - Life Insurance 70 Pine Street New York, New York 10270 Robert B. Sandler Executive Vice President - Senior Casualty 70 Pine Street Actuary & Senior Claims Officer New York, New York 10270 William N. Dooley Senior Vice President - Financial Services 70 Pine Street New York, New York 10270 Lawrence W. English Senior Vice President - Administration 70 Pine Street New York, New York 10270 Axel I. Freudmann Senior Vice President - Human Resources 70 Pine Street New York, New York 10270 Richard W. Scott Senior Vice President - Investments 70 Pine Street New York, New York 10270 Ernest T. Patrikis Senior Vice President & General Counsel 70 Pine Street New York, New York 10270 Steven J. Bensinger Vice President & Treasurer 70 Pine Street New York, New York 10270 Michael J. Castelli Vice President & Controller 70 Pine Street New York, New York 10270 Keith Duckett Vice President & Director of Internal Audit 70 Pine Street New York, New York 10270 Peter K. Lathrop Vice President & Director of Taxes 70 Pine Street New York, New York 10270 Robert E. Lewis Vice President & Chief Credit Officer 70 Pine Street New York, New York 10270
Charles M. Lucas Vice President & Director of Market Risk 70 Pine Street Management New York, New York 10270 Steven A. Rautenberg Vice President - Communications 70 Pine Street New York, New York 10270 Kathleen E. Shannon Vice President and Secretary 70 Pine Street New York, New York 10270 Brian T. Schreiber Vice President - Strategic Planning 70 Pine Street New York, New York 10270 AIG GLOBAL INVESTMENT GROUP, INC. Edward E. Matthews Director 70 Pine Street New York, New York 10270 Win J. Neuger Director, Chairman of the Board of 70 Pine Street Directors and Chief Executive Officer New York, New York 10270 Ernest T. Patrikis Director 70 Pine Street New York, New York 10270 AIG CAPITAL PARTNERS, INC. William N. Dooley Director and Vice Chairman of the Board of 70 Pine Street Directors New York, New York 10270 Ronald A. Latz Director 70 Pine Street New York, New York 10270 Edward E. Matthews Director and Chairman of the Board of 70 Pine Street Directors New York, New York 10270
Larry K. Mellinger Director 175 Water Street, 23rd Floor New York, New York 10038 Ernest T. Patrikis Director 70 Pine Street New York, New York 10270 Peter M. Yu Director, President and Chief Executive 175 Water Street, 23rd Floor Officer New York, New York 10038 Cesar C. Zalamea Director and Vice Chairman of the Board 175 Water Street, 23rd Floor of Directors New York, New York 10038 AIG GSEF INVESTMENTS, LTD. Peter M. Yu Director 175 Water Street, 23rd Floor New York, New York 10038 AIG ASSET MANAGEMENT SERVICES, INC. Edward E. Matthews Director and Chairman 70 Pine Street New York, New York 10270 Win J. Neuger Director and President 70 Pine Street New York, New York 10270 AIG CAPITAL MANAGEMENT CORP. Steven J. Bensinger Director 70 Pine Street New York, New York 10270 William N. Dooley Director 70 Pine Street New York, New York 10270
Ronald A. Latz Director 70 Pine Street New York, New York 10270 Win J. Neuger Director, Chairman of the Board of 70 Pine Street Directors and Chief Investment Officer New York, New York 10270 Helen Stefanis Director and President 70 Pine Street New York, New York 10270 STARR INTERNATIONAL COMPANY, INC. EXECUTIVE OFFICERS & DIRECTORS William N. Dooley Director 70 Pine Street New York, New York 10270 M. R. Greenberg Director & Chairman of the Board 70 Pine Street New York, New York 10270 Joseph C. H. Johnson Director & President American International Building 29 Richmond Road Pembroke HM08 Bermuda Donald Kanak Director American International Building 1-3 Marunouchi, 1-chome Chiyoda-ku, Tokyo, Japan Kevin Kelley Director 70 Pine Street New York, New York 10270 Edward E. Matthews Director 70 Pine Street New York, New York 10270 Kristian P. Moor Director 70 Pine Street New York, New York 10270
L. Michael Murphy Director, Vice President & Secretary American International Building 29 Richmond Road Pembroke HM08 Bermuda Win J. Neuger Director 70 Pine Street New York, New York 10270 R. Kendall Nottingham Director 70 Pine Street New York, New York 10270 Robert M. Sandler Director 70 Pine Street New York, New York 10270 Howard I. Smith Director 70 Pine Street New York, New York 10270 Martin J. Sullivan Director 70 Pine Street New York, New York 10270 Thomas R. Tizzio Director 70 Pine Street New York, New York 10270 Edmund S.W. Tse Director 1 Stubbs Road Hong Kong Jay S. Wintrob Director 1 SunAmerica Center Los Angeles, California 90067 THE STARR FOUNDATION OFFICERS & DIRECTORS M.R. Greenberg Director and Chairman 70 Pine Street New York, New York 10270 Florence A. Davis Director and President 70 Pine Street New York, New York 10270
Marion I. Breen Director and Vice President 70 Pine Street New York, New York 10270 T.C. Hsu Director 70 Pine Street New York, New York 10270 Edwin A.G. Manton Director 70 Pine Street New York, New York 10270 Edward E. Matthews Director 70 Pine Street New York, New York 10270 John J. Roberts Director 70 Pine Street New York, New York 10270 Howard I. Smith Director and Treasurer 70 Pine Street New York, New York 10270 Ernest E. Stempel Director American International Building 29 Richmond Road Pembroke HM08 Bermuda Edmund S. W. Tse Director 1 Stubbs Road Hong Kong Gladys Thomas Vice President and Secretary 70 Pine Street New York, New York 10270 C.V. STARR & CO., INC. OFFICERS & DIRECTORS William N. Dooley Director 70 Pine Street New York, New York 10270 M.R. Greenberg Director, President & Chief Executive 70 Pine Street Officer New York, New York 10270
Donald Kanak Director American International Building 1-3 Marunouchi, 1-chome Chiyoda-ku, Tokyo, Japan Kevin Kelley Director 70 Pine Street New York, New York 10270 Edward E. Matthews Director & Senior Vice President 70 Pine Street New York, New York 10270 Kristian P. Moor Director 70 Pine Street New York, New York 10270 Win J. Neuger Director 70 Pine Street New York, New York 10270 R. Kendall Nottingham Director 70 Pine Street New York, New York 10270 Robert M. Sandler Director & Vice President 70 Pine Street New York, New York 10270 Howard I. Smith Director & Senior Vice President 70 Pine Street New York, New York 10270 Martin J. Sullivan Director 70 Pine Street New York, New York 10270 Thomas R. Tizzio Director & Senior Vice President 70 Pine Street New York, New York 10270 Edmund S.W. Tse Director & Senior Vice President 1 Stubbs Road Hong Kong
Jay S. Wintrob Director 1 SunAmerica Center Los Angeles, California 90067 Michael D. Warantz Treasurer 70 Pine Street New York, New York 10270 Kathleen E. Shannon Secretary 70 Pine Street New York, New York 10270
EXHIBIT 1 Agreement of Joint Filing In accordance with Rule 13d-1(f), promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing on behalf of each of them of a Statement on Schedule 13D, and any amendments thereto, with respect to the Common Stock, $0.01 par value per share, of Primus Telecommunications Group, Incorporated and that this Agreement may be included as an Exhibit to such filing. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same Agreement. IN WITNESS WHEREOF, each of the undersigned hereby executes this Agreement as of January 10, 2003. AIG GLOBAL SPORTS AND ENTERTAINMENT FUND, L.P. By: AIG GSEF, L.P. Its general partner By: AIG GSEF Investments, Ltd., its general partner By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Director AIG GSEF, L.P. By: AIG GSEF Investments, Ltd., its general partner By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Director AIG GSEF INVESTMENTS, LTD. By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Director
AIG CAPITAL PARTNERS, INC. By: /s/ Peter Yu --------------------- Name: Peter Yu Title: President AIG GLOBAL EMERGING MARKETS FUND, L.L.C. By: AIG Capital Management Corp., its managing member By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Managing Director and Vice President GEM PARALLEL FUND, L.P. By: AIG Capital Management Corp., its general partner By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Managing Director AIG CAPITAL MANAGEMENT CORP. By: /s/ Peter Yu --------------------- Name: Peter Yu Title: Managing Director AIG ASSET MANAGEMENT SERVICES, INC. By: /s/ Win J. Neuger --------------------------- Name: Win J. Neuger Title: Director & President
AIG GLOBAL INVESTMENT GROUP, INC. By: /s/ Win J. Neuger --------------------------- Name: Win J. Neuger Title: Chairman & Chief Executive Officer AMERICAN INTERNATIONAL GROUP, INC. By: /s/ Kathleen E. Shannon --------------------------- Name: Kathleen E. Shannon Title: Vice President & Secretary