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| FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
[_] Check this box if
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
Apollo Investment Fund IV, L.P. (1)
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1. Name and Address of Reporting Person*
c/o Apollo Advisors, L.P.
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(Last) (First) (Middle)
Two Manhattanville Road
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(Street)
Purchase NY 10577
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol Building One Service Corporation
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(BOSS)
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3. IRS or Identification Number of Reporting Person if an entity
(Voluntary)
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4. Statement for Month/Year 6/99
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] Officer [X] 10% Owner [ ] Other
(give title below) (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
TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
<CAPTION>
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene-
Day/ ----------------------------------------------- End of (D) or ficial
Year) Month Indirect Owner-
Code V Amount (A) or Price (Instr. 3 and 4) (I) ship
(D) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 6/30/99 P 977,573 A $3.00 5,195,795 I See note (1)
attached
hereto
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If this form is filed by more than one reporting person, see Instruction
4(b)(v).
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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)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
Warrants $20.00 6/30/99 P 977,573
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</TABLE>
TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)--CONTINUED
<TABLE>
<CAPTION>
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6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Secu- ficial
(Instr. ficially rity: Owner-
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Date Expira- Amount or at End (D) or (Instr.
Exer- tion Title Number of of Indi- 4)
cisable Date Shares Month rect (1)
(Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
11/25/98 11/25/02 Common 977,573 $3.00 977,573 1 See note (1)
Stock attached
hereto
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</TABLE>
Explanation of Responses:
(1) Boss Investment LLC ("Boss Investment") currently owns $100.00 million of
7.5% Junior Subordinated Convertible Debentures ("Convertible Notes") and
warrants to purchase 1,030,000 shares of common stock (the "Warrants") of
Building One Services Corporation (the "Issuer"). Boss Investment will be
dissolved and will distribute the Convertible Notes and Warrants to its members,
Apollo Investment Fund IV, L.P. (the "AIF IV") and Apollo Overseas Partners IV,
L.P. ("Overseas IV"). This will result in direct beneficial ownership by AIF IV
and Overseas IV of (a) $94.9 million and $1.1 million, respectively, of the
Convertible Notes, corresponding to 4,218,222 shares and 226,222 shares of
Common Stock upon conversion, respectively, and (b) warrants to purchase 977,573
and 52,427 shares of common stock of the Issuer, respectively.
Apollo Capital Management IV, Inc. ("Management IV") is the general partner of
Advisors IV. Leon D. Black and John J. Hamman are the directors and principal
executive officers of Management IV. AIF IV, Overseas IV, Advisors IV,
Management IV and Messrs. Black and Hamman and their respective affiliates
disclaim beneficial ownership of all shares of the Issuer in excess of their
respective pecuniary interest or, if any, and this report shall not be deemed an
admission that any such person entity is beneficial owner of, or has any
pecuniary interest in, any such securities for purposes of Section 16 of the
Securities Exchange Act of 1934, as amended, or for any other purpose.
**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 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.
/s/ Michael D. Weiner 7-6-99
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**Signature of Reporting Person Date
