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OMB APPROVAL
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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
[x ] Check this 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(1)
EMAP plc
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(Last) (First) (Middle)
1 Lincoln Court, Lincoln Road
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(Street)
Peterborough PE1 2RF ENGLAND
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
The Petersen Companies, Inc. (PTN)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
1/99
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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)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify 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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<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>
Class A Common Stock, par value
$0.01 per share 1/99 J[2] [2] [2] [2] [2] [2] [2]
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 3
<PAGE>
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<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of 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>
Class B Common [3] 1/99 J[2] [2] Class A N/A N/A N/A N/A
Stock, par value Common
$0.01 per share Stock,
par value
$0.01 per
share
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</TABLE>
Explanation of Responses:
See Attached.
/s/ Christopher R. Innis January 27, 1999
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EMAP plc Date
**By: Christopher R. Innis
Title: Director of Corporate Strategy
/s/ Christopher R. Innis January 27, 1999
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EMAP Acquisition Corp. Date
**By: Christopher R. Innis
Title: President, Secretary and Treasurer
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. 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.
If space provided is insufficient, see Instruction 6 for procedures.
Alternatively, this Form is permitted to be submitted to the
Commission in electronic format at the option of the reporting
person pursuant to ruke 101(b)(4) of Regulatiob S-T.
Page 2 of 3
<PAGE>
Designated Filer: EMAP plc
1 Lincoln Court
Lincoln Road
Peterborough PE1 2RF
ENGLAND
Issuer Name and Ticker or Trading Symbol: The Petersen Companies, Inc. (PTN)
Statement for Month/Year: 1/99
(1) Other reporting person:
EMAP Acquisition Corp.
c/o EMAP plc
1 Lincoln Court
Lincoln Road
Peterborough PE1 2RF
ENGLAND
IRS Number: 51-0385904
(2) On January 15, 1999, in connection with an offer to purchase
made by EMAP plc ("Parent") and EMAP Acquisition Corp. (the
"Purchaser") for all the outstanding shares of Class A Common
Stock, par value $0.01 per share (the "Class A Shares"), and all
the outstanding shares of Class B Common Stock, par value $0.01
per share (the "Class B Shares" and, together with the Class A
Shares, the "Shares"), of The Petersen Companies, Inc. (the
"Company"), at $34.00 per Share, net to the seller in cash,
without interest, upon the terms and subject to the conditions
set forth in the Offer to Purchase dated December 16, 1998 (the
"Offer to Purchase"), and in the related Letter of Transmittal
(which, together with any amendments or supplements thereto,
collectively constitute the "Offer"), Parent announced the
expiration of the Offer and the Purchaser's acceptance for
payment of the 26,797,504 Class A Shares and 7,886,290 Class B
Shares validly tendered into the Offer and not withdrawn.
On January 21, 1999, pursuant to an Agreement and Plan of
Merger dated December 15, 1998, by and among Parent, the
Purchaser and the Company (the "Merger Agreement"), the Purchaser
merged with and into the Company, with the Company as the
surviving corporation and an indirect wholly owned subsidiary of
Parent (the "Merger"). Upon consummation of the Merger, each
outstanding Share of the Company (other than Shares of former
stockholders that properly exercise appraisal rights with respect
to the Merger) was converted into the right to receive $34.00 in
cash. The transfer agent for the Shares has been instructed by
the Company to close the stock transfer books for the Shares, and
trading of the Class A Shares on the New York Stock Exchange has
been suspended.
On January 22, 1999, the Company filed a Form 15 with the
Securities and Exchange Commission pursuant to Rules 12g-4 and
12h-3 under the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), to terminate the registration of the Class A
Shares under the Exchange Act and to suspend the Company's duty
to file reports thereunder.
(3) Pursuant to the terms of the Merger Agreement, the Purchaser
had the right to exchange each Class B Share received in the
Offer for one Class A Share.
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