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Filing Details

Accession Number:: 0001019056-10-000792
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-06-24 13:00:00
Reporting Period:: 2010-06-22

Filing Date:: 2010-06-24
Accepted Time:: 2010-06-24 16:57:41
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1041858	Rcn Corp	RCNI	Telephone Communications (No Radiotelephone) (4813)	223498533

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1352352	Plainfield Asset Management Llc	333 Ludlow Street Stamford CT 06902	No	No	Yes	No
1352354	Ltd. Fund Master Situations Special Plainfield	333 Ludlow Street Stamford CT 06902	No	No	Yes	No
1387428	Max Holmes	C/O Plainfield Asset Management Llc 333 Ludlow Street Stamford CT 06902	No	No	Yes	No
1466617	Ltd Fund Master Oc Plainfield	333 Ludlow Street Stamford CT 06902	No	No	Yes	No
1472220	Ltd Ii Fund Master Situations Special Plainfield	333 Ludlow Street Stamford CT 06902	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	Disposition	2010-06-22	50,000	$14.83	4,580,690	No	4	S	Indirect	By Plainfield Special Situations Master Fund II Limited
Common Stock, Par Value $0.01	Disposition	2010-06-23	76,877	$14.82	4,503,813	No	4	S	Indirect	By Plainfield Special Situations Master Fund II Limited

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Plainfield Special Situations Master Fund II Limited
No	4	S	Indirect	By Plainfield Special Situations Master Fund II Limited

Footnotes

Plainfield Asset Management LLC ("Plainfield"), is the manager of the Plainfield Special Situations Master Fund Limited ("Master Fund"), Plainfield Special Situations Master Fund II Limited ("Master Fund II"), and Plainfield OC Master Fund Limited ("OC Fund", and together with Plainfield, Master Fund, and Master Fund II, the "Reporting Persons"), each a private investment vehicle formed for the purpose of investing and trading in a variety of securities and financial instruments. Max Holmes, an individual, is the chief investment officer of Plainfield. Each of the Reporting Persons disclaims beneficial ownership of the reported shares for which it is not the record owner, and this report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner of the securities for purposes of Section 16 or for any other purpose, except to the extent of their pecuniary interest therein.
The amounts listed in this column include a total of 4,503,813 shares of Common Stock underlying 2,992,995 warrants currently held by Master Fund, Master Fund II, and OC Fund. Master Fund holds 2,446,830 warrants exercisable into 3,681,952 shares of Common Stock, Master Fund II holds 336,856 warrants exercisable into 506,896 shares of Common Stock, and OC Fund holds 209,309 warrants exercisable into 314,965 shares of Common Stock.
After the disposition reported in Table I above, the Reporting Persons no longer own any Common Stock of the Issuer, but own warrants exercisable into Common Stock of the Issuer as described in Note 2 above.