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OMB APPROVAL
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OMB Number 3235-0287
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Hammarskjold Philip U.
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(Last) (First) (Middle)
One Maritime Plaza, Suite 1200
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(Street)
San Francisco California 94111
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(City) (State) (Zip)
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2. Issuer Name and Ticket or Trading Symbol
Young & Rubicam Inc. (YNR)
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3. IRS Social Security Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
5/99
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner - See Note (1)
[_] Officer (give title below) [_] Other (specify 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
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock,
par value $0.01 per share See Note (1) See Note (1) See Note (1) See Note (1) See Note (1) See Note (1)
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/98)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option Shares See Note (1) See Note (1) See Note (1) See Note (1) See Note (1) See Note (1) See Note (1)
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</TABLE>
Explanation of Responses:
Note (1)
An aggregate of 12,876,648 shares of Common Stock, and options to purchase an
aggregate of 2,530,260 shares at $7.667 (expiring 50% in 12/01 and the remainder
in 12/03) were owned by Hellman & Friedman Capital Partners III, L.P., H&F
Orchard Partners III, L.P. and H&F International Partners III, L.P.
(collectively, the "H&F Investors") as of May 24, 1999. On May 24, 1999, the H&F
Investors sold an aggregate of 8,666,688 shares of Common Stock at $35.9835 per
share. The sole general partner of the H&F Investors is H&F Investors III, L.P.
("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. Philip U. Hammarskjold is a member of
Management III LLC. Investors III, Associates III, Management III LLC, H&F Inc.,
the Trust and Mr. Hammarskjold might be deemed to exercise, directly or
indirectly, voting and investment discretion with respect to the shares held by
the H&F Investors and could be deemed to beneficially own such shares, but Mr.
Hammarskjold disclaims such beneficial ownership except to the extent of his
indirect pecuniary interest in such shares.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Philip U. Hammarskjold 6/10/99
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**Signature of Reporting Person Date
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.
