OMB APPROVAL
OMB Number 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response......0.5
======
FORM 3
======
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
=================================================================
1. Name and Address of Reporting Person*
Hellman & Friedman Capital Partners III, L.P.
-----------------------------------------------
(Last) (First) (Middle)
One Maritime Plaza, Suite 1200
-----------------------------------------------
(Street)
San Francisco CA 94111
-----------------------------------------------
(City) (State) (Zip)
=================================================================
2. Date of Event Requiring Statement
(Month/Day/Year)
5/11/98
-----------------------------
=================================================================
3. IRS or Social
Security Number of
Reporting Person, if
an Entity (Voluntary)
-----------------------------
=================================================================
4. Issuer Name and Ticker or Trading Symbol
Young & Rubicam Inc. (YNR)
------------------------------------
=================================================================
5. Relationship of Reporting Person to Issuer
(Check all applicable)
Director x 10% Owner (1)
----- -----
Officer (give ----- Other (specify
----- title below) below)
--------------------------------------------
=================================================================
6. If Amendment, Date of Original
(Month/Day/Year)
-------------------------
=================================================================
7. Individual or Joint/Group Filing
(Check applicable line)
X Form filed by One Reporting Person
-----
Form filed by More than One Reporting Person
-----
=================================================================
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
Table I -- Non-Derivative Securities Beneficially Owned
==========================================================================================================
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)
(Instr. 5)
- ------------------- ----------------------- ----------------- -----------------------
Common Stock, par value 26,649,510 D
$0.01 per share
- ----------------------------------------------------------------------------------------------------------
* 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)
------------------ ------- ------- ----- ------------ -------------- ---------- ---------
Option Shares Now 12/2003 Common Stock 1,155,795 $7.667 D
and of Young & and
12/2001 Rubicam Inc., 1,155,795
par value
$0.01 per
share
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses:
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
----------------------
Vice President
** 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)
<PAGE>
Young & Rubicam, Inc.
Note (1)
An aggregate of 26,649,510 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 general
partners of Associates III are H&F Management III, L.L.C.
("Management III LLC") and H&F Investors, 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 managing member
of Management III LLC, a director of H&F Inc. and a trustee of
the Trust. Investors III, Associates III, Management III LLC, H&F
Inc., the Trust and Mr. Hellman exercise, directly or indirectly,
voting and investment discretion with respect to the shares held
by HFCP III and could be deemed to beneficially own such shares,
but disclaim such beneficial ownership except to the extent of
its or their indirect pecuniary interest in such shares.
