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OMB Number: 3235-0104
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
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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1. Name and Address of Reporting Person
O'Toole, Terence M.
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(Last) (First) (Middle)
c/o Goldman, Sachs & Co.
85 Broad Street
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(Street)
New York NY 10004
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
12/19/97
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Amscan Holdings, Inc. (NASDAQ: AMSN)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line):
[ X ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
Common Stock (01) I (02)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned (e.g., puts,
calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Securities Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
This Initial Statement of Beneficial Ownership on Form 3 (this "Form") is
filed by Terence M. O'Toole (the "Reporting Person"). The Reporting Person is a
managing director of Goldman, Sachs & Co., a New York limited partnership
("Goldman Sachs"). GS Group, the general partner of Goldman Sachs, owns
a 99% interest in Goldman Sachs.
(01) On December 19, 1997, Confetti Acquisition, Inc., a Delaware corporation
approximately 91.7% of the shares of which were owned by GS Capital Partners II,
L.P., a Delaware limited partnership, and certain other affiliates of Goldman
Sachs (collectively, the "GS Funds") and GS Group, was merged with and into
Amscan Holdings, Inc. ("Amscan"), with Amscan continuing as the surviving
corporation (the "Merger"). At the effective time of the Merger, the GS Funds'
shares of Confetti common stock were converted into an equal number of shares of
Amscan common stock (as the surviving corporation), representing approximately
81.7% of the outstanding shares of Amscan common stock after the Merger.
(02) As a result of the Merger and the transactions related thereto, Goldman
Sachs and GS Group may be deemed to beneficially own 825 shares (approximately
81.7%) of the outstanding common stock of Amscan, with respect to which, to the
knowledge of the Reporting Person, such entities have disclaimed beneficial
ownership of the shares of common stock beneficially owned by the GSCP Funds to
the extent of partnership interests in the GSCP Funds held by persons other than
Goldman Sachs, GS Group and their affiliates. The Reporting Person, as a
managing director of Goldman Sachs, may be deemed to beneficially own an
interest in the foregoing securities. Neither the filing of this Initial
Statement of Beneficial Ownership nor any of its contents shall be deemed to
constitute an admission that the Reporting Person was or is the beneficial owner
of the common stock of Amscan for purposes of Sections 13(d) or 16 of the
Securities Exchange Act of 1934, as amended, or for any other purpose, and such
beneficial ownership is expressly disclaimed, except to the extent of the
Reporting Person's "pecuniary interest".
/s/ Terence M. O'Toole January 12, 1998
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 10 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 provided is insufficient, See Instruction 6 for procedure.
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