FORM 4
( ) Check this box if no longer
subject to Section 16. Form 4 ----------------------------
or Form 5 obligations may continue. | OMB APPROVAL |
See Instruction 1(b). |--------------------------|
| |
U.S. SECURITIES AND EXCHANGE COMMISSION | OMB NUMBER: 3235-0287 |
WASHINGTON, D.C. 20549 | EXPIRES: |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP | SEPTEMBER 30, 1998 |
| ESTIMATED AVERAGE |
Filed pursuant to Section 16(a) of the | BURDEN HOURS |
Securities Exchange Act of 1934, | PER RESPONSE 0.5 |
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
DEL-LPL Limited Partnership
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
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2. Issuer Name and Ticker or Trading Symbol
LaSalle Partners Incorporated, LAP
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
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4. Statement for Month/Year
10/97
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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)
( ) DIRECTOR
(X) 10% OWNER
( ) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
___________________________________________________
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7. Individual, or Joint/Group Filing (Check applicable line)
( ) Form filed by One Reporting Person
(X) 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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1. Title of Security (Instr. 3)
Common Stock, par value $.01 ("Common Stock")
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2. Transaction Date (Month/Day/Year)
(iii)(a) October 22, 1997
(iii)(b) October 22, 1997
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3. Transaction Code (Instr.8)
(iii)(a) S
(iii)(b) S
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
(iii)(a) 10,870 shares of Common Stock, D, $23.00 per share
(iii)(b) 36,231 shares of Common Stock, D, $20.70 per share
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5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
(i) 4,966,785, see footnote (1) to this form
(ii) 876,492, see footnote (2) to this form
(iii) 1,153,085, see footnote (3) to this form
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
(i) see footnote (1) to this form
(ii) see footnote (2) to this form
(iii) see footnote (3) to this form
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
(i) see footnote (1) to this form
(ii) see footnote (2) to this form
(iii) see footnote (3) to this form
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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TABLE II
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible securities)
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1. Title of Derivative Security (Instr. 3)
Not applicable
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date (Month/Day/Year)
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4. Transaction Code (Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
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6. Date Exercisable and Expiration Date (Month/Day/Year)
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
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8. Price of Derivative Securities (Instr. 5)
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9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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<PAGE>
EXPLANATION OF RESPONSES:
Reporting Persons: DEL-LPL Limited Partnership and the other parties set
forth on the signature pages of this Form 4.
Footnotes to Form 4
(1) The amount shown consists of the total number of shares of Common
Stock owned by DEL-LPL Limited Partnership ("DEL-LPL"), as permitted
pursuant to Instruction 4(b)(iv) to this form. Each of the individuals
reporting on this form disclaims beneficial ownership of the respective
shares of Common Stock owned by DEL-LPL in which he or she has no pecuniary
interest pursuant to the Section 16 rules. Each of the individuals
reporting on this form is a director of the issuer and is a partner, or is
the sole owner of a corporation which is a partner, of DEL-LPL. Each of
the individuals reporting on this form is also a member of the Management
Committee of DEL-LPL. Messrs. Scott, Spoerri and Sullivan are the Chairman
and Chief Executive Officer, President and Chief Operating Officer, and
Executive Vice President and Chief Financial Officer, respectively, of the
issuer. Messrs. Cummings, Esler, Rose and Webb and Ms. Thurber are
officers of subsidiaries of the issuer.
(2) The amount shown consists of the total number of shares of Common
Stock owned by DEL-LPAML Limited Partnership ("DEL-LPAML"), as permitted
pursuant to Instruction 4(b)(iv) to this form. Each of the individuals
reporting on this form disclaims beneficial ownership of the respective
shares of Common Stock owned by DEL-LPAML in which he or she has no
pecuniary interest pursuant to the Section 16 rules. DEL-LPAML is a member
of a group which owns more than 10% of the Common Stock. Each of the
individuals reporting on this form is a director of the issuer and is a
partner, or is the sole owner of a corporation which is a partner, of DEL-
LPAML. Each of the individuals reporting on this form is also a member of
the Management Committee of DEL-LPAML. Messrs. Scott, Spoerri and Sullivan
are the Chairman and Chief Executive Officer, President and Chief Operating
Officer, and Executive Vice President and Chief Financial Officer,
respectively, of the issuer. Messrs. Cummings, Esler, Rose and Webb and
Ms. Thurber are officers of subsidiaries of the issuer.
(3) The amount shown consists of the total number of shares of Common
Stock owned by DEL/LaSalle Finance Company, L.L.C. ("DEL/LaSalle"), as
permitted pursuant to Instruction 4(b)(iv) to this form. DEL/LaSalle is
85% owned by DEL-LPL and 15% owned by DEL-LPAML, and owns more than 10% of
the Common Stock of the issuer. Each of DEL-LPL, DEL-LPAML, and the
individuals reporting on this form disclaims beneficial ownership of the
respective shares of Common Stock owned by DEL/LaSalle in which it, he or
she has no pecuniary interest pursuant to the Section 16 rules. The
transactions reported on this form were in shares owned by DEL/LaSalle and
are being jointly reported by each of the reporting persons.
Date: November 6, 1997
Signature of Reporting Person:
DEL-LPL Limited Partnership
By:/s/ William E. Sullivan
Name: William E. Sullivan
Title: Executive Vice President
Identities, Required Information and Signatures of Joint Filing Persons
1. DEL-LPAML Limited Partnership
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
DEL-LPAML Limited Partnership
By:/s/ William E. Sullivan
Name: William E. Sullivan
Title: Executive Vice President
<PAGE>
2. DEL/LaSalle Finance Company, L.L.C.
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
DEL/LaSalle Finance Company, L.L.C.
By:/s/ William E. Sullivan
Name: William E. Sullivan
Title: Vice President
3. Stuart L. Scott
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
/s/Fritz E. Freidinger as Attorney-in-Fact
4. Robert C. Spoerri
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
/s/Fritz E. Freidinger as Attorney-in-Fact
5. William E. Sullivan
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
/s/Fritz E. Freidinger as Attorney-in-Fact
6. Daniel W. Cummings
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
/s/Fritz E. Freidinger as Attorney-in-Fact
7. Charles K. Esler, Jr.
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
/s/Fritz E. Freidinger as Attorney-in-Fact
8. M.G. Rose
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
/s/Fritz E. Freidinger as Attorney-in-Fact
9. Lynn C. Thurber
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
/s/Fritz E. Freidinger as Attorney-in-Fact
10. Earl E. Webb
c/o LaSalle Partners Incorporated
200 East Randolph Drive
Chicago, IL 60601
/s/Fritz E. Freidinger as Attorney-in-Fact
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INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
