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FORM 4
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|_| 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
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*
Hellman & Friedman Capital Partners III, L.P.
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(Last) (First) (Middle)
One Maritime Plaza, Suite 1200
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(Street)
San Francisco CA 94111
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Young & Rubicam Inc. (YNR)
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3. IRS or Social Security Number of
Reporting Person (Voluntary)
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4. Statement for Month/Year
11/98
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director x 10% Owner
----- -----
Officer (give Other (specify
----- title below) ----- below)
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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 Acquired,
Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
=================================================================================================================================
1. Title of 2. Transaction 3. Transaction 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of
Security Date Code (A) or Disposed of (D) Securities Form: Direct Indirect
(Instr. 3) (Month/Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Beneficial
Owned at End of Indirect (I) Ownership
----------- ------------------------ Month (Instr. 4) (Instr. 4)
(A) or (Instr. 3 and 4)
Code V Amount (D) Price
--------- --------------- ---- ----- -------- ------ ----- ---------------- ----------- -----------
Common Stock par 11/24/98 S 5,638,809 D $28.32 11,763,315 D
value $0.01 per
share
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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).
(Over)
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriva- 6. Date Exercis-
Derivative sion or action tion tive Securities Ac- able and Expi-
Security Exer- Date Code quired (A) or Dis- ration Date
(Instr. 3) cise (Month/ (Instr. 8) posed of (D) (Month/Day/
Price of Day/ (Instr. 3, 4 and 5) Year)
Deriva- Year) ------------------
tive Se- Date Expira-
curity ------------------- Exer- tion
Code V (A) (D) cisable Date
------------ -------- ------- ---- ----- ------ ----- -------- -------
Option Shares $7.667 See See See See Now 12/2003
Note Note Note Note 12/2001
(1) (1) (1) (1)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
7. Title and Amount of 8. Price of 9. Number of 10. Ownership Form 11. Nature of
Underlying Securities Derivative derivative of Derivative Indirect
(Instr. 3 and 4) Security Securities Security: Direct Beneficial
(Instr. 5) Beneficially (D) or Indirect Ownership
- -------------------------- Owned at End (I) (Instr. 4)
Amount or of Month (Instr. 4)
Number of (Instr. 4)
Title Shares
- ----------- -------- --------- ------------ -------------- ----------
Common Stock 1,155,795 See Note (1) Options to (D)
of Young & and purchase a
Rubicam Inc., 1,155,795 total of
par value $0.01 2,311,590
per share shares
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</TABLE>
Explanation of Responses:
Note (1)
An aggregate of 11,763,315 shares of Common Stock and options to
purchase an aggregate of 2,311,590 shares are owned by Hellman &
Friedman Capital Partners III, L.P. ("HFCP III"). The sole
general partner of HFCP III is H&F Investors III ("Investors
III"). The managing general partner of Investors III is Hellman &
Friedman Associates III, L.P. ("Associates III"), and the
managing general partner of Associates III is H&F Investors III,
Inc. ("H&F Inc."). The sole shareholder of H&F Inc. is The
Hellman Family Revocable Trust (the "Trust"). Mr. F. Warren
Hellman is a director of H&F Inc. and a trustee of the Trust. The
investment decisions of H&F Inc. are made by an executive
committee, of which Mr. Hellman is a member. The executive
committee indirectly exercises sole voting and investment power
with respect to the shares held by HFCP III. As a member of the
executive committee, Mr. Hellman could be deemed to beneficially
own such shares, but disclaims such beneficial ownership except
to the extent of his indirect pecuniary interest in such shares.
HELLMAN & FRIEDMAN CAPITAL
PARTNERS III, L.P.
By its General Partner,
H&F Investors III
By its Administrative General Partner,
H&F Administration III, L.L.C.
By its Manager,
H&F Investors III, Inc.
By: /s/ Georgia Lee 12/10/98
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Vice President 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 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.
Page 2
SEC 1474 (7-96)
