/----------------------------------------/
                                   /           OMB APPROVAL                 /
                                   /----------------------------------------/
                                   / OMB Number:          3235-0287         /
                                   / Expires:     January 31, 2005          /
                                   / Estimated average burden               /
                                   / hours per response.............. 0.5   /
                                   /----------------------------------------/

+-------------+
|  FORM 4     |                       U.S. SECURITIES AND EXCHANGE COMMISSION
+-------------+                                 WASHINGTON, D.C. 20549

[_] Check this box if
    no longer subject              STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
    to Section 16.
    Form 4 or Form 5          Filed pursuant to Section 16(a) of the Securities
    obligations may               Exchange Act of 1934, Section 17(a) of the
    continue. See               Public Utility Holding Company Act of 1935 or
    Instruction 1(b).       Section 30(f) of the Investment Company Act of 1940

(Print or Type Responses)

- --------------------------------------------------------------------------------
1.  Name and Address of Reporting Person*

         Dodge                              Steven                     B.
- --------------------------------------------------------------------------------
         (Last)                             (First)                     (Middle)

         116 Huntington Avenue
- --------------------------------------------------------------------------------
         (Street)

         Boston                             Massachusetts              02116
- --------------------------------------------------------------------------------
         (City)                             (State)                     (Zip)


2.   Issuer Name and Ticker or Trading Symbol

         American Tower Corporation (NYSE: AMT)
- -----------------------------------------------------------------

3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)

- -----------------------------------------------------------------

4.   Statement for Month/Year

         March 2002
- -----------------------------------------------------------------

5.   If Amendment, Date of Original (Month/Year)

- -----------------------------------------------------------------

6.   Relationship of Reporting Person to Issuer (Check all applicable)

[X] Director     [X] Officer             [_] 10% Owner       [_] Other
                     (give title below)                          (specify below)

         Chief Executive Officer and Chairman
- -----------------------------------------------------------------

7.  Individual or Joint/Group Filing (Check applicable line)

    [X]  Form filed by One Reporting Person
    [_]  Form filed by More than One Reporting Person

================================================================================
Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
================================================================================
1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of action action or Disposed of (D) Securities ship of In- Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct (Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene- Day/ ---------------------------------------------- End of (D) or ficial Year) Month Indirect Owner- Code V Amount (A) or Price (Instr. 3 and 4) (I) ship (D) (Instr. 4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 4,300 A $5.03 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 15,700 A $5.05 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 1,700 A $5.13 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 18,300 A $5.19 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 20,000 A $5.45 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 10,000 A $5.52 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 4,700 A $5.53 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 5,300 A $5.54 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 34,000 A $5.55 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 17,200 A $5.56 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 17,700 A $5.57 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 31,500 A $5.58 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 14,400 A $5.59 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 35,200 A $5.60 Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common 3/1/02 P 20,000 A $5.65 710,030 (2) D Stock (1) - ------------------------------------------------------------------------------------------------------------------------------------ 26,727 (2) I By Trusts (3) - ------------------------------------------------------------------------------------------------------------------------------------ 5,000 (2) I By Spouse (3) - ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If this form is filed by more than one reporting person, see Instruction 4(b)(v). (Over) SEC 1474 (3-99) FORM 4 (continued) ================================================================================ Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- Security (Instr. 3) sion or action tion Code ative Securities Exercise Date (Instr. 8) Acquired (A) or Price of (Month/ Disposed of (D) Deriv- Day/ (Instr. 3, 4, and 5) ative Year) Security ---------------------------------------------- Code V (A) (D) - --------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------
================================================================================ Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) -- continued ================================================================================
6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na- cisable and Underlying Securities of of Deriv- ship ture Expiration (Instr. 3 and 4) Deriv- ative Form of In- Date ative Secur- of De- direct (Month/Day/ Secur- ities rivative Bene- Year) ity Bene- Secu- ficial (Instr. ficially rity: Owner- ------------------------------------------- 5) Owned Direct ship Date Expira- Title Amount or at End (D) or (Instr. Exer- tion Number of of Indi- 4) cisable Date Shares Month rect (I) (Instr. 4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) This Form 4 is being filed to report Mr. Dodge's purchase of an aggregate of 250,000 shares of Class A Common Stock on the open market on March 1, 2002. (2) The information set forth in column 5, "Amount of Securities Beneficially Owned at End of Month" includes information, as of March 1, 2002, only with respect to Mr. Dodge's beneficial ownership of Class A Common Stock. It does not include information about Mr. Dodge's beneficial ownership of shares of Class B Common Stock (which are convertible into Class A Common Stock on a one-for-one basis) and stock options to purchase Class A and Class B Common Stock because Mr. Dodge had no reportable transactions in these other classes of securities during the period for which this report is filed. (3) Mr. Dodge disclaims any beneficial ownership in shares owned by the trusts or his spouse. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Steven B. Dodge March 4, 2002 - ----------------------------- ----------------------------- Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2 SEC 1474 (3-99)