FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

PLAINFIELD ASSET MANAGEMENT LLC
2. Issuer Name and Ticker or Trading Symbol

RCN CORP /DE/ [ RCNI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

100 WEST PUTNAM AVENUE, 
3. Date of Earliest Transaction (MM/DD/YYYY)

6/3/2009
(Street)

GREENWICH, CT 06830
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK, PAR VALUE $0.01   11/10/2009     S    12687   D $8.23   152960   (2) I   By Plainfield Special Situations Master Fund II Limited   (1)
COMMON STOCK, PAR VALUE $0.01   11/11/2009     S    12370   D $8.15   140590   (2) I   By Plainfield Special Situations Master Fund II Limited   (1)
COMMON STOCK, PAR VALUE $0.01   11/12/2009     S    10090   D $8.17   130500   (2) I   By Plainfield Special Situations Master Fund II Limited   (1)
COMMON STOCK, PAR VALUE $0.01   11/13/2009     S    3623   D $8.12   126877   (2) I   By Plainfield Special Situations Master Fund II Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/3/2009     P    11498   A $5.96   11498   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/10/2009     P    7016   A $5.98   18514   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/11/2009     P    4746   A $5.99   23260   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/15/2009     P    3034   A $5.73   26294   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/16/2009     P    20895   A $5.96   47189   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/17/2009     P    2929   A $5.87   50118   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/18/2009     P    838   A $5.85   50956   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/22/2009     P    5671   A $5.74   56627   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/23/2009     P    10826   A $5.77   67453   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/24/2009     P    9530   A $5.84   76983   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/26/2009     P    5870   A $5.89   82853   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   6/30/2009     P    9524   A $5.99   92377   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   7/6/2009     P    143   A $5.70   92520   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   7/7/2009     P    8611   A $5.74   101131   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   7/8/2009     P    8041   A $5.74   109172   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   7/9/2009     P    3256   A $5.91   112428   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   7/10/2009     P    12128   A $5.85   124556   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   7/14/2009     P    10603   A $5.89   135159   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   10/26/2009     S    3404   D $9.00   131755   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   10/27/2009     S    4119   D $9.06   127636   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   10/28/2009     S    2383   D $8.68   125253   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   10/29/2009     S    1702   D $8.66   123551   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   10/30/2009     S    3404   D $8.38   120147   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   11/2/2009     S    3030   D $8.11   117117   (2) I   By Plainfield OC Master Fund Limited   (1)
COMMON STOCK, PAR VALUE $0.01   11/3/2009     S    3404   D $8.19   113713   (2) I   By Plainfield OC Master Fund Limited   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Plainfield Asset Management LLC ("Plainfield"), is the manager of Plainfield Special Situations Master Fund Limited ("Master Fund"), Plainfield Special Situations Master Fund II Limited ("Master Fund II"), Plainfield OC Master Fund Limited ("OC Fund") and Plainfield Liquid Strategies Master Fund Limited ("Liquid Strategies Fund", and together with Plainfield, Master Fund, Master Fund II, and OC Fund, 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.
( 2)  The amounts listed in this column do not 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. As previously disclosed on the Form 3 filed by Master Fund, Plainfield and Max Holmes on February 2, 2008, Master Fund acquired 2,992,995 warrants exercisable into 4,503,813 shares of Common Stock. On May 31, 2009, Master Fund transferred 336,856 warrants, exercisable into 506,896 shares of Common Stock to Master Fund II and 209,309 warrants, exercisable into to 314,965 shares of Common Stock, to OC Fund. Currently, Master Fund holds the remaining 2,446,830 warrants, exercisable into 3,681,952 shares of Common Stock.

Remarks:
*** Duly authorized pursuant to Power of Attorney, dated February 1, 2007, by and on behalf of Max Holmes, appointing Thomas X. Fritsch as his attorney-in-fact, included as an Exhibit 24 to this Form 4.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
PLAINFIELD ASSET MANAGEMENT LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830

X

PLAINFIELD SPECIAL SITUATIONS MASTER FUND LTD.
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830

X

Plainfield Special Situations Master Fund II Ltd
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830

X

Plainfield OC Master Fund Ltd
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830

X

Plainfield Liquid Strategies Master Fund Ltd
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830

X

HOLMES MAX
C/O PLAINFIELD ASSET MANAGEMENT LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830

X


Signatures
/s/ Thomas X. Fritsch PLAINFIELD ASSET MANAGEMENT LLC Managing Director and General Counsel 3/1/2010
** Signature of Reporting Person Date

/s/ Thomas X. Fritsch PLAINFIELD SPECIAL SITUATIONS MASTER FUND LIMITED Authorized Individual 3/1/2010
** Signature of Reporting Person Date

/s/ Thomas X. Fritsch PLAINFIELD SPECIAL SITUATIONS MASTER FUND II LIMITED Authorized Individual 3/1/2010
** Signature of Reporting Person Date

/s/ Thomas X. Fritsch PLAINFIELD OC MASTER FUND LIMITED Authorized Individual 3/1/2010
** Signature of Reporting Person Date

/s/ Thomas X. Fritsch PLAINFIELD LIQUID STRATEGIES MASTER FUND LIMITED Authorized Individual 3/1/2010
** Signature of Reporting Person Date

/s/ Thomas X. Fritsch MAX HOLMES Attorney-in-Fact*** 3/1/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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