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FORM 4
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[X] CHECK THIS BOX IF NO LONGER OMB APPROVAL
SUBJECT TO SECTION 16. FORM 4 OR --------------------------------
FORM 5 OBLIGATIONS MAY CONTINUE. OMB NUMBER: 3235-0287
SEE INSTRUCTION 1(b). EXPIRES: DECEMBER 31, 2001
(PRINT OR TYPE RESPONSES) ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE..........0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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
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<S> <C> <C>
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting
Person to Issuer
Winokur, Herbert S., Jr. The WMF Group, Ltd. (WMFG) (Check(s) all applicable)
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(Last) (First) (Middle) 3. IRS or Social 4. Statement for Month/Year [X] Director [X] 10% Owner
Security Number June / 2000 [ ]Officer [ ]Other
of Reporting (give title (specify below)
30 East Elm Street Person below)
--------------------------------------- (Voluntary)
(Street)
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Greenwich CT 06830 5. If Amendment, 7. Individual or Joint/Group Filing
--------------------------------------- Date of Original (Check Applicable Line)
(City) (State) (Zip) (Month/Year)
[ ] 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 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership Form: 7. Nature of
(Instr.3) action action Code or Disposed of (D) Securities Direct (D) or Indirect
Date (Instr. 8) (Instr. 3,4 and 5) Beneficially Indirect (I) Beneficial
Owned at End of (Instr. 4) Ownership
(Month/ Month (Instr. 4)
Day/Year)
Code Amount (A) or (D) Price (Instr. 3 and 4)
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Common Stock, par value
$0.01 per share (1) 6/23/00 U 163,533 D $8.90 00 N.A. N.A.
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Common Stock, par value
$0.01 per share (2) 6/23/00 U 1,730,532 D $8.90 00 N.A. N.A.
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Common Stock, par value
$0.01 per share (3) 6/23/00 U 5,000 D $8.90 00 N.A. N.A.
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Common Stock, par value
$0.01 per share (4) 6/23/00 U 5,000 D $8.90 00 N.A. N.A.
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* If the form is filed by more than one reporting person, See Instruction 4(b)(v). SEC 1474 (7/96)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
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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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<S> <C> <C> <C> <C>
1. Title of 2. Conversion 3. Transaction 4. Transaction 5. Number of
Derivative or Exercise Date Code Derivative
Security Price of (Month/ (Instr. 8) Securities
(Instr. 3) Derivative Day/ Acquired (A)
Security Year) or Disposed
of (D)
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Code (A) (D)
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Options to Acquire
Common Stock (5) (5) 6/23/00 U 5,000
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Options to Acquire
Common Stock (6) (6) 6/23/00 U 5,000
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Options to Acquire
Common Stock (7) (7) 6/23/00 J(7) 5,000
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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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<S> <C> <C> <C> <C> <C>
6. Date 7. Title and Amount 8. Price of 9. Number of 10. Ownership 11. Nature of
Exercisable of Underlying Derivative Derivative Form of Indirect
and Expiration Securities Security Securities Derivative Beneficial
Date (Instr. 3 and 4) Beneficially Security: Ownership
(Month/Day/Year) Owned at Direct (D) or (Instr. 4)
End of Indirect (I)
Month (Instr. 4)
(Instr. 4)
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Amount
Date Expir- or
Exer- ation Number
cisable Date Title of Shares
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6/30/00 12/31/2009 Common 5,000 (5) 00 N.A. N.A.
Stock
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6/30/99 12/31/2008 Common 5,000 (6) 00 N.A. N.A.
Stock
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6/08/98 12/08/2007 Common 5,000 (7) 00 N.A. N.A.
Stock
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</TABLE>
Explanation of Responses:
(1) Securities disposed of by Capricorn Holdings, Inc. (formerly Winokur
Holdings, Inc.) pursuant to the tender offer by Prudential Mortgage Capital
Acquisition Corp. (the "Tender Offer") to purchase for cash all of the issued
and outstanding shares, $.01 par value per share (the "Common Stock"), of The
WMF Group, Ltd. (the "Company"). The Tender Offer was consummated on June 23,
2000. Mr. Winokur is the President and sole shareholder of Capricorn Holdings,
Inc., and may have been deemed to have had a beneficial interest in the
securities owned by Capricorn Holdings, Inc. After the consummation of the
Tender Offer, Capricorn Holdings, Inc. is no longer a beneficial owner, directly
or indirectly, of any Common Stock of the Company.
(2) Securities disposed of by Capricorn Investors II, L.P. ("Capricorn II")
pursuant to the Tender Offer. Mr. Winokur may have been deemed to have had a
beneficial interest in the securities owned by Capricorn II through Winokur
Family Investors, LLC ("WFI"). WFI has limited partnership interests in
Capricorn II and membership interests in Capricorn Holdings, LLC, the general
partner of Capricorn II. WFI is controlled by Mr. Winokur and owned by Mr.
Winokur and members of his immediate family. Mr. Winokur is the Manager of
Capricorn Holdings, LLC. After the consummation of the Tender Offer, Capricorn
II is no longer a beneficial owner, directly or indirectly, of any Common Stock
of the Company.
(3) Securities disposed of by a revocable trust ("Family Trust A") pursuant
to the Tender Offer. Mr. Winokur is the special trustee of, and may be deemed to
have had a beneficial interest in the securities owned by, Family Trust A. Mr.
Winokur has sole and exclusive investment authority over the assets of Family
Trust A. After the consummation of the Tender Offer, Family Trust A is no longer
a beneficial owner, directly or indirectly, of any Common Stock of the Company.
(4) Securities disposed of by a revocable trust ("Family Trust B") pursuant
to the Tender Offer. Mr. Winokur is the special trustee of, and may be deemed to
have had a beneficial interest in the securities owned by, Family Trust B. Mr.
Winokur has sole and exclusive investment authority over the assets of Family
Trust B. After the consummation of the Tender Offer, Family Trust B is no longer
a beneficial owner, directly or indirectly, of any Common Stock of the Company.
2
<PAGE>
(5) Securities disposed of by Capricorn II pursuant to the Tender Offer for
a purchase price of $8.90 per share less the exercise price per share described
below. Options to acquire 5,000 shares of Common Stock (the "Option Shares")
were granted to Capricorn II on December 31, 1999 (the "1999 Option"). The 1999
Option was exercisable commencing on June 30, 2000, at a price per share equal
to the fair market value of the Option Shares on December 31, 1999.
(6) Securities disposed of by Capricorn II pursuant to the Tender Offer for
a purchase price of $8.90 per share less the exercise price per share described
below. Options to acquire Option Shares were granted to Capricorn II on December
31, 1998 (the "1998 Option"). The 1998 Option was exercisable commencing on June
30, 1999, at a price per share equal to the fair market value of the Option
Shares on December 31, 1998.
(7) Securities cancelled by Capricorn II in connection with the Tender
Offer. Options to acquire Option Shares were granted to Capricorn II on December
8, 1997 (the "1997 Option"). The 1997 Option was exercisable commencing on June
8, 1998, at a price per share equal to the fair market value of the Option
Shares on December 8, 1997.
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<CAPTION>
<S> <C> <C>
/s/ HERBERT S. WINOKUR, JR. July 10, 2000
**Intentional misstatements or omissions of facts constitute ----------------------------
Federal Criminal Violations. Herbert S. Winokur, Jr.
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. Capricorn Investors II, L.P. July 10, 2000
By: Capricorn Holdings, LLC
Potential persons who are to respond to the collection of
information contained in this form are not /s/ HERBERT S. WINOKUR, JR.
required to respond unless the form displays a currently valid OMB Number. ----------------------------
Herbert S. Winokur, Jr.
Title: Manager
Capricorn Holdings, Inc. July 10, 2000
/s/ HERBERT S. WINOKUR, JR.
---------------------------
Herbert S. Winokur, Jr.
Title: President
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3
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FORM 4 - ADDITIONAL REPORTING PERSON INFORMATION
1. Name and Address of Additional Reporting Persons:
Capricorn Investors II, L.P.
30 East Elm Street
Greenwich, Connecticut 06830
Capricorn Holdings, Inc.
30 East Elm Street
Greenwich, Connecticut 06830
4
