UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange
Act of 1934
Date of Report (Date of earliest event reported) November 29, 1999
THE SAN FRANCISCO COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE 0-10198 94-3071255
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File number) Identification No.)
550 MONTGOMERY STREET, SAN FRANCISCO, CALIFORNIA 94111
(Address of principal executive offices)(Zip Code)
(415)781-7810
(Registrant's telephone number, including area code)
NONE
(Former name or former address, if changed since last report.)
page
THE SAN FRANCISCO COMPANY
Item 5. OTHER EVENTS - Class A Common Stock Redemption and Retirement
On November 22, 1999, the Company redeemed and retired
2,802,769 shares of Class A Common Stock ("Common Stock"), or 8.7%
of total Common Stock outstanding. The redeemed shares were from
the Trustee, Mr. Robb Evans, for the benefit of PT Gunung Agung.
The redemption price was $0.71358 per share for a total of $2.0
million.
As a result of the redemption and retirement, the Company's
outstanding shares of Common Stock are as follows:
Common Stock % Ownership
Mr. Putra Masagung, beneficial owner 14,426,457 49.2%
PT Gunung Agung, beneficial owner 13,798,076 47.1
Shares held in a Voting Trust 28,224,533 96.3
All other shareholders 1,091,358 3.7
Total Common Stock outstanding 29,315,891 100.0
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THE SAN FRANCISCO COMPANY
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
THE SAN FRANCISCO COMPANY
(Registrant)
Date: November 29, 1999 /s/ James E. Gilleran
James E. Gilleran
Chairman and Chief Executive Officer
Date: November 29, 1999 /s/ Keary L. Colwell
Keary L. Colwell
Executive Vice President and Chief
Financial Officer
