OMB APPROVAL
OMB Number 3235-0104
Expires: September 30, 1998
Estimated average burden
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FORM 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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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1. Name and Address of Reporting Person*
Restricted Stock Trust
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(Last) (First) (Middle)
c/o The Bank of New York, One Wall Street
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(Street)
New York New York 10286
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(City) (State) (Zip)
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2. Date of Event Requiring Statement
(Month/Day/Year)
5/11/98
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3. IRS or Social
Security Number of
Reporting Person, if
an Entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Young & Rubicam Inc. (YNR)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
Director X 10% Owner (1)
----- -----
Officer (give ----- Other (specify
----- title below) 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
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Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
Table I -- 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 Ownership
(Instr. 4) Indirect (I)
(Instr. 5)
- ------------------- ----------------------- ----------------- -----------------------
No securities owned
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* If the Form is filed by more than one Reporting Person, see
instruction 5(b)(v).
</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly
(Print or type responses)
(Over)
SEC 1473 (7/96)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially
Owned (e.g., puts, calls, warrants, options, convertible
securities)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
==================================================================================================================================
1. Title of Derivative 2. Date Exercisable and 3. Title and Amount of Sec- 4. Conversion or 5. Ownership 6. Nature of
Security Expiration Date urities Underlying Deriva- Exercise Price Form of Indirect
(Instr. 4) (Month/Day/Year) tive Security (Instr. 4) of Derivative Derivative Beneficial
-------------------- -------------------------- Security Security: Ownership
Date Expir- Amount or Direct (D) (Instr.5)
Exerci- ation Number of or Indirect
sable Date Title Shares (I)
(Instr. 5)
------------------ ------- ------- ----- ------------ -------------- ---------- ---------
No securities owned
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</TABLE>
Explanation of Responses:
(1) Pursuant to the Young & Rubicam Restricted Stock Trust
Agreement dated as of December 12, 1996, Young & Rubicam
Inc. (the "Company") has issued a total of 11,086,950 shares
of common stock, par value $0.01 per share ("Common Stock"),
to a trust (the "Restricted Stock Trust") established by the
Company for allocation of such shares to key employees of
the Company. As of 5/11/98, the Restricted Stock Trust held
11,086,950 shares of Common Stock. All shares of Common
Stock held in the Restricted Stock Trust are required to be,
and have been, deposited in a trust (the "Management Voting
Trust") established pursuant to the Management Voting Trust
Agreement dated as of 12/12/96. The Management Voting Trust
has the sole right to vote and execute consents with respect
to all securities held by the Management Voting Trust. The
voting rights of the Management Voting Trust are exercised
by eight voting trustees (the "Voting Trustees"). So long as
Young & Rubicam's current Chief Executive Officer, Peter A.
Georgescu (or a properly elected successor Chief Executive
Officer), is a Voting Trustee, (i) any action approved in
writing or at a meeting by Peter A. Georgescu (or such
successor) and any two other Voting Trustees and (ii) any
action approved over the objection of Peter A. Georgescu (or
such successor) at a meeting of the Voting Trustees by an
aggregate vote of Voting Trustees equal to not less than the
total number of Voting Trustees then in office minus two,
shall constitute the action of, and shall be binding upon,
the Management Voting Trust (unless there shall be fewer
than seven Voting Trustees then in office, in which event
any action under clause (ii) shall require the vote of all
the Voting Trustees other than Peter A. Georgescu (or such
successor)). The Restricted Stock Trust disclaims any
beneficial ownership of any of the shares held by the
Restricted Stock Trust.
/s/ Robert A. Goldstein, Divisional President,
on behalf of The Bank of New York, Trustee 5/22/98
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** Signature of Reporting Person Date
** 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 provided is insufficient, See Instruction 6
for procedure.
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.
SEC 1473 (7-96)
