FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
INITIAL STATEMENT OF |_____________________|
BENEFICIAL OWNERSHIP OF SECURITIES |OMB NUMBER: 3235-0104|
|EXPIRES: |
| SEPTEMBER 30, 1998 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
1. Name and Address of Reporting Person
Wheels MergerCo LLC
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(Last) (First) (Middle)
c/o Apollo Advisors IV, L.P.
Two Manhattanville Road
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(Street)
Purchase NY 10577
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
June 18, 1998
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
___________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
XTRA Corporation (XTR)
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5. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER (CHECK ALL APPLICABLE)
( ) DIRECTOR
( X) 10% OWNER
( ) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
_____________________________________
___________________________________________________________________________
6. IF AMENDMENT, DATE OF ORIGINAL (MONTH/DAY/YEAR)
___________________________________________________________________________
7. INDIVIDUAL OR JOINT/GROUP FILING (CHECK APPLICABLE LINE)
X FORM FILED BY ONE REPORTING PERSON
___FORM FILED BY MORE THAN ONE REPORTING PERSON
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TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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|1. TITLE OF SECURITY|2. AMOUNT OF |3. OWNERSHIP |4. NATURE OF INDIRECT |
| (INSTR. 4) | SECURITIES | FORM DIRECT| BENEFICIAL OWNERSHIP|
| | BENEFICIALLY| DIRECT (D) | (INSTR. 5) |
| | OWNED | OR INDIRECT| |
| | (INSTR. 4) | (I) (INSTR.| |
| | | 5) | |
|____________________|_______________|______________|_______________________|
[TYPE ENTRIES HERE]
Common Stock, par
value $0.50 per share 6,664,300 I See explanation
below
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
___________________________________________________________________________
1. Title of Derivative Security (Instr. 4)
___________________________________________________________________________
2. Date Exercisable and Expiration Date (Month/Day/Year)
________________________ _________________________
Date Exercisable Expiration Date
___________________________________________________________________________
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
________________________________ _______________________________
Title Amount of Number of Shares
___________________________________________________________________________
4. Conversion or Exercise Price of Derivative Security
___________________________________________________________________________
5. Ownership Form of Derivative Security: Direct(D) or Indirect(I)(Instr. 5)
___________________________________________________________________________
6. Nature of Indirect Beneficial Ownership (Instr. 5)
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EXPLANATION OF RESPONSES:
Wheels MergerCo LLC (the "LLC"), a Delaware limited liability company
owned by Apollo Investment Fund IV, L.P. and Apollo Overseas Partners
IV, L.P. and other parties, may be deemed to be the beneficial owner
of more than 10% of the outstanding shares of common stock (the
"Common Stock"), par value $.50, of XTRA Corporation ("XTRA") as a
result of its entering into Voting Agreements (the "Voting
Agreements") with certain shareholders of XTRA owning 6,664,300 shares
or approximately 43.5% of the outstanding shares of XTRA's Common
Stock. Pursuant to the Voting Agreements, certain shareholders of
XTRA have agreed to vote in favor of the transactions contemplated by
the Agreement and Plan of Merger and Recapitalization, dated as of
June 18, 1998, by and between the LLC and XTRA and against any
competing proposals and have granted to the LLC an irrevocable proxy
to secure the aforesaid agreements. The LLC has no pecuniary interest
in any of the shares covered by the Voting Agreement and disclaims
beneficial ownership of any of such shares.
/s/ Andrew Africk June 29, 1998
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** SIGNATURE OF REPORTING PERSON DATE
_____________________________
** 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 NOR REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB NUMBER.
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