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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
-----
FOUR MEDIA COMPANY
-------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
---------------------------------------------------
(Title of Class of Securities)
350872 10 7
-----------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1
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CUSIP NO. 350872 10 7 13G PAGE 2 OF 14 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TECHNICAL SERVICES PARTNERS, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
4,552,502 SHARES OF COMMON STOCK
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
4,552,502 SHARES OF COMMON STOCK
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,552,502 SHARES
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
47.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 350872 10 7 13G PAGE 3 OF 14 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TECHNICAL SERVICES HOLDINGS, INC.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
4,552,502 SHARES OF COMMON STOCK
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
4,552,502 SHARES OF COMMON STOCK
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,552,502 SHARES
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
47.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 350872 10 7 13G PAGE 4 OF 14 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
STEINHARDT PARTNERS, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
4,552,502 SHARES OF COMMON STOCK
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
4,552,502 SHARES OF COMMON STOCK
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,552,502 SHARES
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
47.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 350872 10 7 13G PAGE 5 OF 14 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MICHAEL STEINHARDT
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
4,552,502 SHARES OF COMMON STOCK
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
4,552,502 SHARES OF COMMON STOCK
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,552,502 SHARES
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
47.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 350872 10 7 13G PAGE 6 OF 14 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ROBERT T. WALSTON
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
UNITED STATES
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,432,875 SHARES OF COMMON STOCK
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,432,875 SHARES OF COMMON STOCK
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,432,875 SHARES
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
15.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1(a). NAME OF ISSUER:
Four Media Company
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2813 West Alameda Avenue
Burbank, California 91505
ITEM 2(a). NAME OF PERSON FILING:
The persons filing this Schedule 13G are Technical Services
Partners, L.P.; Technical Services Holdings, Inc.; Steinhardt
Partners, L.P.; Michael Steinhardt; and Robert T. Walston
(collectively, the "Filing Persons").
ITEM 2(b). ADDRESS OF PRINCIPAL EXECUTIVE OFFICE OR, IF NONE, RESIDENCE:
The address of all the Filing Persons other than Robert T.
Walston is 650 Madison Avenue, 17 floor, New York, New York 10022.
Mr. Walston's address is 2813 West Alameda Avenue, Burbank,
California 91505.
ITEM 2(c): CITIZENSHIP:
The responses of the Filing Persons to Item 4 of the cover pages
to this Schedule 13G that relate to citizenship or place of
organization of such persons are incorporated by reference
herein.
ITEM 2(d): TITLE OF CLASS OF SECURITIES:
This filing is made with respect to the Common Stock, par value
$.01 per share, of Four Media Company (the "Common Stock").
ITEM 2(e): CUSIP NUMBER:
350872107
ITEM 3: IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-
2(b), CHECK WHETHER THE PERSON FILING IS A:
(a) ( ) Broker or dealer registered under Section 15 of
the Act.
(b) ( ) Bank as defined in Section 3(a)(6) of the Act.
(c) ( ) Insurance Company as defined in Section 3(a)(19)
of the
<PAGE>
Act.
(d) ( ) Investment Company as defined in Section 3(a)(19)
of the Act.
(e) ( ) Investment adviser registered under Section 203
of the Investment Advisers Act of 1940.
(f) ( ) Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
(g) ( ) Parent Holding Company, in accordance with Rule
13d-1(b)(1)(ii)(G)
(h) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP:
The response of the Filing Persons to Items 5 through 9 and Item 11 of
the cover pages to this Schedule 13G are incorporated by reference
herein.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
<PAGE>
GROUP.
The Filing Persons have filed this Schedule 13G as a group pursuant to
Rule 13d-1(f). The identity of each member of the group is set forth
in Exhibit 1 attached hereto. The Filing Persons entered into a Joint
Reporting Agreement dated February 17, 1998, pursuant to which they
agreed to file one joint statement on behalf of all of them with
respect to the subject matter of this Schedule 13G.
ITEM 9. NOTICE OF DISSOLUTION OR GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
<PAGE>
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.
Dated: February 17, 1998
TECHNICAL SERVICES PARTNERS, L.P., a Delaware limited
partnership
By: Technical Services Holdings, Inc., a Delaware
corporation, its General Partner
By: /s/ Edward Kirtman
--------------------------------
Its: Vice President
---------------------------
TECHNICAL SERVICES HOLDINGS, INC., a Delaware
corporation
By: /s/ Edward Kirtman
--------------------------------
Its: Vice President
---------------------------
STEINHARDT PARTNERS, L.P., a Delaware limited
partnership
/s/ Michael Steinhardt
By: ______________________________________________
Michael Steinhardt, Its Managing General Partner
/s/ Michael Steinhart
___________________________________________________
Michael Steinhardt
/s/ Robert T. Walston
____________________________________________________
Robert T. Walston
<PAGE>
EXHIBIT INDEX
Exhibit Number Description
- -------------- -----------
1 Identification of Members of the Group
2 Joint Reporting Agreement dated February 17, 1998
<PAGE>
EXHIBIT 1
Technical Services Partners, L.P.
Technical Services Holdings, Inc.
Steinhardt Partners, L.P.
Michael Steinhardt
Robert T. Walston
<PAGE>
EXHIBIT 2
JOINT REPORTING AGREEMENT
In consideration of the mutual covenants herein contained, each of the
parties hereto represents to and agrees with the other parties as follows:
1. Such party is eligible to file a statement or statements on
Schedule 13G pertaining to the Common Stock, $.01 par value, of Four Media
Company, to which this agreement is an exhibit, for filing of the information
contained herein.
2. Such party is responsible for the timely filing of such statement
and any amendments thereto and for the completeness and accuracy of the
information concerning such party contained therein, provided that no such party
is responsible for the completeness or accuracy of the information concerning
any other party making the filing, unless such party knows or has reason to
believe that such information is inaccurate.
3. Such party agrees that such statement is filed by and on behalf of
such party and that any amendment thereto will be filed on behalf of each such
party.
Dated: February 17, 1998
TECHNICAL SERVICES PARTNERS, L.P., a Delaware limited
partnership
By: Technical Services Holdings, Inc., a Delaware
corporation, its General Partner
By: ______________________________
Its:__________________________
[SIGNATURES CONTINUE ON FOLLOWING PAGE]
<PAGE>
TECHNICAL SERVICES HOLDINGS, INC., a Delaware
corporation
By: ____________________________________
Its: ____________________________________
STEINHARDT PARTNERS, L.P., a Delaware limited
partnership
By:________________________________________________
Michael Steinhardt, Its Managing General Partner
___________________________________________________
Michael Steinhardt
___________________________________________________
Robert T. Walston
