OMB APPROVAL
OMB Number 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response......0.5
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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*
Vick Edward H.
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(Last) (First) (Middle)
c/o Young & Rubicam Inc., 285 Madison Avenue
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(Street)
New York New York 10017
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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)
X Director X 10% Owner(1)
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X Officer (give ----- Other (specify
----- title below) below)
Chief Operating Officer
and Chairman and Chief
Executive Officer of
Young & Rubicam Advertising
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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)
- ------------------- ----------------------- ----------------- -----------------------
Common Stock, par value 600,045 D
$0.01 per share
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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>
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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)
------------------ ------- ------- ----- ------------ -------------- ---------- ---------
Rollover Options
(right to buy) 12/12/96 (2) Common Stock 895,245 $ 1.92 D
ICP Options
(right to buy) (3) 12/17/07 Common Stock 172,500 $12.33 D
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</TABLE>
Explanation of Responses:
(1) The Reporting Person is one of the eight voting trustees
(the "Voting Trustees") of the voting 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 shares of Common Stock and Money Market
Preferred Stock, par value $0.01 per share ("MMPS"), held by
the Management Voting Trust. The voting rights of the
Management Voting Trust are exercised by 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 Reporting Person disclaims the beneficial ownership of
the 45,411,870 shares of Common Stock and MMPS held in the
Management Voting Trust as of 5/11/98, other than securities
reported in this filing.
(2) The above Rollover Options have a term of five years with
respect to 50% of the shares subject to such options and a
term of seven years with respect to the other 50%.
(3) The above ICP Options will become exercisable with respect
to 33 1/3% of the shares subject to such options on 12/31/00,
with respect to an additional 33 1/3% of such shares on
12/31/01, and with respect to the remaining 33 1/3% of
such shares on 12/31/02.
/s/ Edward H. Vick 5/26/98
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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)
