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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*
Tortoroli Jacques
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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)
6/1/99
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
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 [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Senior Vice President, Finance
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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
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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. 4)
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<S> <C> <C> <C>
Common stock, par value
$0.01 per share(1) 6,975 D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Form 3-07/98)
<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 Security 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>
ICP Options
(right to buy) (2) 12/17/07 Common Stock 32,250 $12.33 D
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ICP Options
(right to buy) (3) 5/25/09 Common Stock 15,000 $37.25 D
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</TABLE>
Explanation of Responses:
(1) Shares of Common Stock are represented in the hands of the Reporting
Person by Voting Trust Certificates issued by the Management Voting Trust,
established pursuant to the Management Voting Trust Agreement, which holds
(and has the sole right to vote) shares of Common Stock beneficially owned
by certain employees and former employees of Young & Rubicam Inc. Voting
Trust Trust Certificates and the shares of Common Stock which they
represent may not be sold or purchased apart from one another.
(2) 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.
(3) The above ICP Options will become exercisable with respect to 33 1/3% of
the shares subject to such options on 5/25/00, with respect to an
additional 33 1/3% of such shares on 5/25/01, and with respect to the
remaining 33 1/3% of such shares on 5/25/02.
/s/ Mark T. McEnroe,
as attorney-in-fact for
Jacques Tortoroli 06/11/99
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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.
POWER OF ATTORNEY
Know by these presents, that the undersigned hereby constitutes and
appoints Mark T. McEnroe and Renee E. Becnel the undersigned's true and lawful
attorneys-in-fact to:
1. execute for and on behalf of the undersigned, reports to be filed in
accordance with Section 16(a) and Section 13(d) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and the rules
thereunder;
2. do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete and execute any such
reports and timely file such reports with the United States Securities
and Exchange Commission and any stock exchange or similar authority;
and
3. take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorneys-in-fact, may be of
benefit to, in the best interest of or legally required by the
undersigned, it being understood that the documents executed by such
attorneys-in-fact on behalf of the undersigned pursuant to this Power
of Attorney shall be in such form and shall contain such terms and
conditions as such attorneys-in-fact may approve in such
attorneys-in-fact's discretion.
The undersigned hereby grants to such attorneys-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorneys-in-fact, or such
attorneys-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this Power of Attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming any
of the undersigned's responsibilities to comply with Section 16(a) or Section
13(d) of the Exchange Act and the rules thereunder.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file any such report with respect to the
undersigned's holdings of and transactions in securities issued by Young &
Rubicam Inc., unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 11th day of June, 1999.
By: /s/ Jacques Tortoroli
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Name: Jacques Tortoroli
Title: Senior Vice President, Finance
