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FORM 3 OMB APPROVAL
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OMB Number: 3235-0004
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL 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(f)
of the Investment Company Act of 1940
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
TENNENBAUM & CO., LLC Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) PARTY CITY CORPORATION (Month/Day/Year)
(Last) (First) (Middle) AUGUST 16, 1999 (NASDAQ NATIONAL MARKET: PCTY)
11100 SANTA MONICA BOULEVARD, SUITE 210 ---------------------------- ---------------------------------- -----------------------
- ---------------------------------------- 3. IRS or Social Security 5. Relationship of Reporting 7. Individual or Joint/
(Street) Number of Reporting Person to Issuer Group Filing (Check
LOS ANGELES, CALIFORNIA 90025 Person (Voluntary) (Check all applicable) applicable line)
- -------------------------------------- 95-4587347 Director X 10% Owner Form filed by
(City) (State) (Zip) ---------------------------- ----- ----- ----- One Reporting
Officer Other Person
----- (give ----- (specify X Form filed by
title below) below) ----- More than One
---------------------------------- Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 4)
(Instr. 5)
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*If the form is filed by more than one Reporting Person, see Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) (8/96)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security
------------------------------------------------- Direct
Date Expira- Amount or (D) or
Exercis- tion Title Number Indirect (I)
able Date of Shares (Instr. 5)
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WARRANT 8/16/99 8/16/06 COMMON STOCK, PAR 3,096,000 $3.00 D
VALUE $.01 PER SHARE
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Explanation of Responses:
BY REASON OF HIS POSITION AS MANAGING MEMBER OF TENNENBAUM & CO., LLC,
MR. MICHAEL E. TENNENBAUM MAY BE DEEMED TO SHARE POWERS OF VOTING AND
DISPOSITION OF THE SECURITIES DESCRIBED HEREIN. SEE JOINT FILER
INFORMATION BELOW.
/s/ MICHAEL E. TENNENBAUM AUGUST 26, 1999
**Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------- ------------------
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
MICHAEL E. TENNENBAUM, INDIVIDUALLY
AND AS MANAGING MEMBER OF
TENNENBAUM & CO., LLC
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, See Instruction 6 for procedure. (8/96)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM
ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB NUMBER.
(Print or Type Responses)
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FORM 3 CONTINUATION SHEET
JOINT FILER INFORMATION
NAME: MICHAEL E. TENNENBAUM
ADDRESS: 11100 SANTA MONICA BOULEVARD, SUITE 210
LOS ANGELES, CALIFORNIA 90025
DESIGNATED FILER: TENNENBAUM & CO., LLC
ISSUER & TICKER SYMBOL: PARTY CITY CORPORATION (NASDAQ NATIONAL
MARKET: PCTY)
DATE OF EVENT REQUIRING STATEMENT: AUGUST 16, 1999
