SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
Young & Rubicam Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
987425105
-------------------------------------
(CUSIP Number)
January 28, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
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CUSIP No. 987425105 13G Page 2 of 10 Pages
- ----------------------- -------------------------
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Young & Rubicam Inc. Grantor Trust
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See instructions)
(a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
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5. SOLE VOTING POWER
NUMBER OF
0
------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY
0
------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON
0
------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
3,713,203
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,713,203
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES (See Instructions)
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
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12. TYPE OF REPORTING PERSON (See Instructions)
OO
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<PAGE>
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CUSIP No. 987425105 13G Page 3 of 10 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephanie W. Abramson
- -----------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See instructions)
(a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
NUMBER OF
0
------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY
0
------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON
311,165
------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
3,713,203
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
4,024,368
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES (See Instructions)
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0%
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12. TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
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CUSIP No. 987425105 13G Page 4 of 10 Pages
- ----------------------- -------------------------
- -----------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark T. McEnroe
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See instructions)
(a) [ ]
(b) [X]
- -----------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
NUMBER OF
0
------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY
0
------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON
0
------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
3,713,203
- -----------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
3,713,203
- -----------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES (See Instructions)
- -----------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
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12. TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
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CUSIP No. 987425105 13G Page 5 of 10 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Renee E. Becnel
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See instructions)
(a) [ ]
(b) [X]
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3. SEC USE ONLY
- -----------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF
0
------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY
0
------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON
0
------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
3,713,203
- -----------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,713,203
- -----------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES (See Instructions)
- -----------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
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12. TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
Item 1.
This statement relates to the common stock, par value $0.01 per share
("Common Stock"), as well as options on the Common Stock, of Young & Rubicam
Inc., a Delaware corporation (the "Company"), whose principal executive offices
are located at 285 Madison Avenue, New York, New York 10017.
Item 2.
(a) Name of Person Filing:
This Schedule 13G is being filed by the Young & Rubicam Inc. Grantor Trust
(the "Trust"), which was established by the Company pursuant to the Young &
Rubicam Inc. Grantor Trust Agreement, and by each of Stephanie W. Abramson, Mark
T. McEnroe and Renee E. Becnel, the three members of the administrative
committee of the Trust (the "Administrator").
(b) Address or Principal Office or, if none, Residence:
The business address for each Reporting Person is c/o Young & Rubicam
Inc., 285 Madison Avenue, New York, New York 10017.
(c) Citizenship:
See responses to Item 4 on pages 2 through 5
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
987425105
Item 3. If this statement is filed pursuant to sections
240.13d-1(b) or 240.13d-2(b) or (c), check
whether the person filing is a(n):
(a) [ ] Broker or dealer registered under section 15
of the Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c);
(c) [ ] Insurance company as defined in section
3(a)(19) of the Act (15 U.S.C. 78c);
Page 6 of 10 Pages
<PAGE>
(d) [ ] Investment company registered under section 8
of the Investment Company Act of 1940
(15 U.S.C. 80a-8);
(e) [ ] Investment adviser in accordance with
section 240. 13d-1(b)(1)(ii)(E);
(f) [ ] Employee benefit plan or endowment fund in
accordance with section 240.13d-1(b)(1)(ii)(F);
(g) [ ] Parent holding company or control person in
accordance with section 240.13d-1(b)(1)(ii)(G);
(h) [ ] Savings association as defined in section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C.
1813);
(i) [ ] Church plan that is excluded from the
definition of an investment company under
section 3(c)(14) of the Investment Company Act
of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with section
240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned:
See responses to Item 9 on pages 2 through 5.
(b) Percent of class:
See responses to Item 11 on pages 2 through 5.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
See responses to Item 5 on pages 2 through 5.
(ii) shared power to vote or to direct the vote:
See responses to Item 6 on pages 2 through 5.
(iii) sole power to dispose or to direct the disposition of:
See responses to Item 7 on pages 2 through 5.
(iv) shared power to dispose or to direct the disposition of:
See responses to Item 8 on pages 2 through 5.
Page 7 of 10 Pages
<PAGE>
Item 5. Ownership of Five Percent or Less of a Class.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
The Company established the Trust to aid in meeting the Company's
obligations to employee participants under the Young & Rubicam Inc. Deferred
Compensation Plan. The Trust is administered by the Administrator, a committee
currently comprised of Stephanie W. Abramson, Mark T. McEnroe, and Renee E.
Becnel, each of whom, acting alone, has the power to act on behalf of the
committee. The Common Stock held in the Trust and beneficially owned by the
Reporting Persons is voted solely by the trustees of the Young & Rubicam Inc.
Management Voting Trust, a separate trust.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the
Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the
Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Page 8 of 10 Pages
<PAGE>
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in
this statement is true, complete and correct.
Dated: February 8, 1999
YOUNG & RUBICAM INC. GRANTOR TRUST
By: /s/Mark T. McEnroe
------------------------
Name: Mark T. McEnroe
Title: Administrator Member
By: /s/Stephanie W. Abramson
---------------------------
Name: Stephanie W. Abramson
Title: Administrator Member
By: /s/Mark T. McEnroe
---------------------------
Name: Mark T. McEnroe
Title: Administrator Member
By: /s/Renee e. Becnel
---------------------------
Name: Renee E. Becnel
Title: Administrator Member
Page 9 of 10 Pages
<PAGE>
EXHIBIT 1
Joint Filing Agreement and Power of Attorney
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934,
as amended, the persons named below agree to the joint filing on behalf of them
of a statement on Schedule 13G (including amendments thereto) and further agree
that this Joint Filing Agreement and Power of Attorney be included as an Exhibit
to such joint filings. The persons named below further agree that each of them
has full power and authority to act alone in the name of, and for and on behalf
of, Young & Rubicam Inc. Grantor Trust, Stephanie W. Abramson, Mark T. McEnroe,
and Renee E. Becnel in any matter in connection with their joint filing on
behalf of each of them of a statement on Schedule 13G (including amendments
thereto).
IN WITNESS WHEREOF, the undersigned, being duly authorized, have executed
this Joint Filing Agreement and Power of Attorney this 8th day of February,
1999.
YOUNG & RUBICAM INC. GRANTOR TRUST
By: /s/Mark T. McEnroe
-----------------------
Name: Mark T. McEnroe
Title: Administrator Member
By: /s/ Stephanie W. Abramson
-------------------------------
Name: Stephanie W. Abramson
Title: Administrator Member
By: /s/ Mark T. McEnroe
-------------------------------
Name: Mark T. McEnroe
Title: Administrator Member
By: /s/ Renee E. Becnel
-------------------------------
Name: Renee E. Becnel
Title: Administrator Member
