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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 November/1999 [ ]Officer [ ]Other
of Reporting December/1999 (give title (specify below)
30 East Elm Street Person March/2000 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)
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Code V Amount (A) or (D) Price (Instr. 3 and 4)
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Common Stock, par value
$0.01 per share (2) 11/22/99 J 2,346 A (2) (2) I (2)
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Common Stock, par value
$0.01 per share (3) 03/31/00 J 3,677 D (3) (3) I (3)
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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 V (A) (D)
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Options to Acquire
Common Stock (4) (4) 12/31/99 J 5,000
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Options to Acquire
Common Stock (4) (4) 12/31/99 J 133
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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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6/30/99 12/31/2009 Common 5,000 (4) 15,000 D (4)
Stock
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6/30/99 12/31/2009 Common 133 (4) 399 I (6)
Stock
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Explanation of Responses:
(1) On June 23, 2000 in connection with consummation of a 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"). Mr. Winokur ceased to
be a Director of the Company and he and Capricorn Investors II, L.P. ceased to
be the beneficial owners of any shares of Common Stock.
(2) Securities that were beneficially owned by Mr. Winokur, who may be deemed to
have a pecuniary interest in the securities owned by Capricorn Investors II,
L.P. ("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. On November 22, 1999, WFI
increased its ownership interest in Capricorn Holdings LLC. As a result, Mr.
Winokur may have been deemed to have increased his beneficial ownership of
Common Stock by 2,346 shares. As of November 22, 1999, other than with respect
to 45,989 shares of Common Stock, Mr. Winokur disclaims beneficial ownership of
the shares beneficially owned by WFI.
(3) Securities that were beneficially owned by Mr. Winokur. On March 31, 2000,
WFI decreased its ownership interest in Capricorn Holdings, LLC. As a result,
Mr. Winokur may have been deemed to have decreased his beneficial ownership of
Common Stock by 3,677 shares of Common Stock. As of March 31, 2000 other than
with respect to 42,312 shares of Common Stock, Mr. Winokur disclaims beneficial
ownership of the shares beneficially owned by WFI.
(4) Options to acquire 5,000 shares of Common Stock (the "Option Shares") were
granted to Capricorn Investors II, L.P. ("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.
(5) Securities that were acquired and directly owned by Capricorn II. At March
31, 2000, Capricorn II held 1,730,532 shares of Common Stock and 15,000
derivative securities of the Company. The 15,000 derivative securities directly
owned by Capricorn II at March 31, 2000 consisted of (i) rights to acquire 5,000
shares of Common Stock pursuant to an option granted to Capricorn II in 1997
(the "1997 Option"), (ii) rights to acquire 5,000 shares of Common Stock
pursuant to an Option granted to Capricorn II in 1998 (the "1998 Option") and
(iii) rights to acquire 5,000 shares of Common Stock pursuant to the 1999
Option.
(6) Securities that were beneficially owned by Mr. Winokur, who may be deemed to
have a pecuniary interest in the securities owned by Capricorn II through WFI.
As of March 31, 2000, Other than with respect to 399 derivative securities (such
399 derivative securities consisting of (i) rights to acquire 133 shares of
Common Stock pursuant to the 1997 Option, (ii) rights to acquire 133 shares of
Common Stock pursuant to the 1998 Option, and (iii) rights to acquire 133 shares
of Common Stock pursuant to the 1999 Option), Mr. Winokur disclaims beneficial
ownership of the derivative securities beneficially owned by WFI.
2
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<S> <C>
/s/ Herbert S. Winokur, Jr. August 15, 2000
**Intentional misstatements or omissions of facts constitute Federal Criminal ---------------------------
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Herbert S. Winokur, Jr.
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure. Capricorn Investors II, L.P. August 15, 2000
By: Capricorn Holdings, LLC
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 /s/ Herbert S. Winokur, Jr.
valid OMB Number. ---------------------------
Herbert S. Winokur, Jr.
Title: Manager
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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
4
