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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or type responses)
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1. Name and Address of Reporting Person*
KRG Capital Partners, LLC (designated beneficial owner)
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(Last) (First) (Middle)
370 Seventeenth Street
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(Street)
Denver Colorado 80202
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
White Cap Holding, Inc. ("WHCP")
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
October 1998
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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>
Common Stock, par value
$0.01 per share 10/7/98 S 244,992 n/a n/a 1,047,967 I See below
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
(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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<TABLE>
<CAPTION>
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>
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</TABLE>
E
Explanation of Responses:
This report is being made by KRG Capital Partners, LLC ("KRG Capital"), as
designated beneficial owner pursuant to Instruction 4(b)(v). The securities
reported herein are held by the members of KRG Capital Investments II, LLC
listed on Schedule A hereto (the "Members"). All of such shares are subject to a
voting agreement providing KRG Capital the right to vote all of such shares.
Each of the Members disclaims beneficial ownership of all of the shares held by
other Members, other than immediate family members or family trusts. KRG Capital
previously had the sole right to vote the 1,300,954 shares of Common Stock held
by the Members. Such agreement was amended and restated effective October 7,
1998 to release certain members of KRG II, who beneficially own approximately
2.3% of the Common Stock outstanding, from the voting agreement. As a result of
such amendment, KRG now has the sole right to vote the 1,047,962 shares of
Common Stock held by the Members. The amount of shares of stock disposed by
certain Members are listed on Schedule B hereto.
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Bruce Rogers October 8, 1998
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**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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
valid OMB Number.
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SCHEDULE A
<TABLE>
<CAPTION>
BALANCE
SH TAX ID NUMBER NAME HELD
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<S> <C> <C>
###-##-#### Brenda K. King 71,346
###-##-#### Mark M. King 209,517
###-##-#### MBK Children's Trust 24,360
###-##-####/###-##-#### Bruce L. Rogers and Sally K. Rogers, Ten in Common 225,303
###-##-#### Andrew J. Gwirtsman 13,230
84-1363522 Capital Resources Growth, Inc. 208,800
###-##-####/###-##-#### Charles R. Gwirtsman and Nancy J. Reichman 93,707
###-##-#### Daniel L. Gwirtsman 13,230
###-##-#### Lee W. Dines 72,968
###-##-#### Nancy J. Reichman 45,901
###-##-#### Rogers Family Trust 26,100
###-##-#### Sally K. Rogers Trust 43,500
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TOTAL 1,047,962
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</TABLE>
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SCHEDULE B
<TABLE>
<CAPTION>
SHARES
RELEASED
FROM
SH TAX ID NUMBER NAME VOTING
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<S> <C> <C>
84-6291627 AM Trust 122,496
36-3393607 CRL, Inc. 122,496
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TOTAL 244,992
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</TABLE>
