<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
UNITED STATIONERS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.10 PER SHARE
(Title of Class of Securities)
913004107
(CUSIP Number)
Thomas F. Steyer
Farallon Capital Management, Inc.
One Maritime Plaza,
Suite 1325
San Francisco, CA 94111
(415) 421-2132
(Name, address and telephone number of person
authorized to receive notices and communications)
February 23, 1995
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement
on Schedule 13G to report the acquisition which is the subject of
this Schedule 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the
statement [X]. (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Farallon Capital Management, Inc.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
OO
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
238,100
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
238,100
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
238,100
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.3%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Thomas F. Steyer
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF, OO
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,472,600
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,472,600
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,472,600
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.9%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
David I. Cohen
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
South Africa
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,234,500
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,234,500
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,234,500
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Meridee A. Moore
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,234,500
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,234,500
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,234,500
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Joseph F. Downes
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,234,500
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,234,500
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,234,500
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Fleur E. Fairman
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF, OO
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,472,600
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,472,600
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,472,600
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.9%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jason M. Fish
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,234,500
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,234,500
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,234,500
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William F. Mellin
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [X]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,234,500
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,234,500
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,234,500
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Eric M. Ruttenberg
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,234,500
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,234,500
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,234,500
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Farallon Capital Partners, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
California
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
496,500
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
496,500
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
496,500
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.7%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Farallon Capital Institutional Partners, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
California
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
576,400
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
576,400
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
576,400
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
3.1%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Farallon Capital Institutional Partners, II, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
California
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
93,200
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
93,200
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
93,200
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.5%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
CUSIP No. 913004107
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Tinicum Partners, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
68,400
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
68,400
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
68,400
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.4%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer.
- ------ -------------------
This statement relates to the Common Stock, par value
$0.10 per share (the "Common Stock"), of United Stationers, Inc.
(the "Company"). The Company's principal executive offices are
located at 2200 East Golf Road, Des Plaines, Illinois.
Item 2. Identity and Background.
- ------ -----------------------
(a) This statement is filed by: (i) Farallon Capital
Institutional Partners, L.P., a California limited partnership
("FCIP"), with respect to the shares of Common Stock held by it;
(ii) Farallon Capital Institutional Partners II, L.P., a
California limited partnership ("FCIP II"), with respect to the
shares of Common Stock held by it; (iii) Tinicum Partners, L.P.,
a New York limited partnership ("Tinicum"), with respect to the
shares of Common Stock held by it; (iv) Farallon Capital
Partners, L.P., a California limited partnership ("FCP"), with
respect to the shares of Common Stock held by it; (v) Farallon
Capital Management, Inc., a Delaware corporation ("FCMI"), with
respect to the shares of Common Stock held by Farallon Capital
Offshore Investors, Inc., a British Virgin Islands corporation
("Offshore") and certain other accounts managed by it (together
with Offshore, the "Managed Accounts"); (vi) each of Thomas F.
Steyer ("Steyer") and Fleur E. Fairman ("Fairman") with respect
to the shares of Common Stock held by each of the entities named
in (i) through (v) above; (vii) each of David I. Cohen ("Cohen"),
Joseph F. Downes ("Downes"), Jason M. Fish ("Fish"), William F.
Mellin ("Mellin"), Meridee A. Moore ("Moore") and Eric M.
Ruttenberg ("Ruttenberg"), with respect to the shares of Common
Stock held by each of the entities named in (i) through (iv)
above. The General Partners of each of FCP, FCIP, FCIP II and
Tinicum (together, the "Partnerships") are Messrs. Steyer, Cohen,
Downes, Fish, Mellin and Ruttenberg and Mdmes. Fairman and Moore
(together, the "General Partners"). The name, business address,
principal occupation and citizenship of each of the General
Partners, and the name, address, principal business, state of
incorporation, executive officers, directors and controlling
persons of FCMI, are set forth on Annex 1 hereto.
(b) The address of the principal business and principal
office of (i) the Partnerships and FCMI is One Maritime Plaza,
Suite 1325, San Francisco, California 94111, and (ii) Offshore is
CITCO Building, Wickhams Cay, P.O. Box 662, Road Town, Tortola,
British Virgin Islands.
(c) The principal business of each of the Partnerships
and Offshore is that of a private investment fund engaging in the
purchase and sale of securities for its own account. The
principal business of FCMI is that of a registered investment
advisor.
(d) None of the Partnerships, FCMI or any of the
persons listed on Annex 1 hereto has, during the last five years,
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) None of the Partnerships, FCMI or any of the
persons listed on Annex 1 hereto has, during the last five years,
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and, as a result of
such proceeding, was, or is subject to, a judgment, decree or
final order enjoining future violations of, or prohibiting or
mandating activities subject to, Federal or State securities laws
or finding any violation with respect to such laws.
(f) FCP, FCIP and FCIP II are California limited
partnerships, Tinicum is a New York limited partnership, FCMI is
a Delaware corporation and Offshore is a British Virgin Islands
corporation. The citizenship of each of the General Partners is
set forth on Annex 1 hereto.
Item 3. Source and Amount of Funds and Other Consideration.
- ------ --------------------------------------------------
The net investment cost (including commissions) is
$7,590,504 for the 496,500 shares of Common Stock held by FCP,
$8,806,370 for the 576,400 shares of Common Stock held by FCIP,
$1,422,708 for the 93,200 shares of Common Stock held by FCIP II,
$1,044,510 for the 68,400 shares of Common Stock held by Tinicum
and $3,637,851 for the 238,100 shares of Common Stock held by the
Managed Accounts. The consideration was obtained from the
working capital of each respective entity (in the case of the
Partnerships), or the working capital of the Managed Accounts.
The shares of Common Stock held by FCP, Tinicum and the
Managed Accounts are held in their respective commingled margin
accounts. Such margin accounts are maintained at Goldman, Sachs
& Co. and may from time to time have debit balances. Because
other securities are held in such margin accounts, it is not
possible to determine the amounts, if any, of margin used with
respect to the shares of Common Stock purchased and sold.
Currently, the interest rate charged on various margin accounts
is approximately 6.5% per annum.
Item 4. Purpose of the Transaction.
- ------ --------------------------
The purpose of the acquisition of the Shares of Common
Stock by the Partnerships and FCMI is for investment, and the
purchases of the shares of Common Stock by each of the
Partnerships and FCMI were made in the ordinary course of
business and were not made for the purpose of acquiring control
of the Company. Each may make further purchases of shares of
Common Stock from time to time and may dispose of any or all of
the shares of Common Stock held by it at any time. None of the
Partnerships nor FCMI has any plans or proposals which relate to,
or could result in, any of the matters referred to in paragraphs
(b) through (j), inclusive, of Item 4 of Schedule 13D. Such
entities and persons may, at any time and from time to time,
review or reconsider their position and formulate plans or
proposals with respect thereto, but have no present intention of
doing so.
Item 5. Interest in Securities of the Issuer.
- ------ ------------------------------------
A. Farallon Capital Institutional Partners, L.P.
---------------------------------------------
(a) Aggregate number of Shares beneficially owned: 576,400
Percentage: 3.1% The percentages used herein and
in the rest of Item 5 are calculated based upon the
18,594,457 Shares stated by the Company to be
issued and outstanding as of December 31, 1994 in
the Form 10-Q filed for the period ending
November 30, 1994.
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 576,400
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 576,400
(c) The trading dates, number of Shares purchased or
sold and the price per Share for all transactions
in the Shares, which were all in the open market,
are set forth in Schedule A and are incorporated by
reference.
(d) The General Partners have the power to direct the
affairs of FCIP, including decisions respecting the
disposition of the proceeds from the sale of the
Shares.
(e) Not applicable.
B. Farallon Capital Institutional Partners II, L.P.
------------------------------------------------
(a) Aggregate number of Shares beneficially owned: 93,200
Percentage: 0.5%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 93,200
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 93,200
(c) The trading dates, number of Shares purchased or
sold and the price per Share for all transactions
in the Shares, which were all in the open market,
are set forth in Schedule B and are incorporated by
reference.
(d) The General Partners have the power to direct the
affairs of FCIP II, including decisions respecting
the disposition of the proceeds from the sale of
the Shares.
(e) Not applicable.
C. Farallon Capital Partners, L.P.
-------------------------------
(a) Aggregate number of Shares beneficially owned: 496,500
Percentage: 2.7%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 496,500
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 496,500
(c) The trading dates, number of Shares purchased or
sold and the price per Share for all transactions
in the Shares, which were all in the open market,
are set forth in Schedule C and are incorporated by
reference.
(d) The General Partners have the power to direct the
affairs of FCP, including decisions respecting the
disposition of the proceeds from the sale of the
Shares.
(e) Not applicable.
D. Tinicum Partners, L.P.
----------------------
(a) Aggregate number of Shares beneficially owned: 68,400
Percentage: 0.4%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 68,400
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 68,400
(c) The trading dates, number of Shares purchased or
sold and the price per Share for all transactions
in the Shares, which were all in the open market,
are set forth in Schedule D and are incorporated by
reference.
(d) The General Partners have the power to direct the
affairs of Tinicum, including decisions respecting
the disposition of the proceeds from the sale of
the Shares.
(e) Not applicable.
E. Farallon Capital Management, Inc.
---------------------------------
(a) Aggregate number of Shares beneficially owned: 238,100
Percentage: 1.3%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 238,100
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 238,100
(c) The trading dates, number of Shares purchased or
sold and the price per Share for all transactions
in the Shares, which were in the open market, are
set forth in Schedule E and are incorporated by
reference.
(d) FCMI, as an investment advisor, has the power to
direct the disposition of the proceeds from the
sale of the Shares held by the Managed Accounts.
Mr. Steyer and Ms. Fairman are the sole
stockholders of FCMI. Mr. Steyer is a director,
the Chairman of the Board and Secretary of FCMI.
Ms. Fairman is a director, President, Treasurer and
Assistant Secretary of FCMI.
(e) Not applicable.
F. Thomas F. Steyer
----------------
(a) Aggregate number of Shares beneficially owned: 1,472,600
Percentage: 7.9%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,472,600
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 1,472,600
(c) None.
(d) Each of the General Partners has the power to
direct the affairs of the Partnerships, including
the disposition of the proceeds from the sale of
the Shares. FCMI, as an investment advisor, has
the power to direct the disposition of the proceeds
from the sale of the Shares held by the Managed
Accounts. Mr. Steyer and Ms. Fairman are the sole
stockholders of FCMI. Mr. Steyer is a director,
the Chairman of the Board and Secretary of FCMI.
Ms. Fairman is a director, President, Treasurer and
Assistant Secretary of FCMI.
(e) Not applicable.
G. David I. Cohen
--------------
(a) Aggregate number of Shares beneficially owned: 1,234,500
Percentage: 6.6%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,234,500
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 1,234,500
(c) None.
(d) Each of the General Partners has the power to
direct the affairs of the Partnerships, including
the disposition of the proceeds from the sale of
the Shares.
(e) Not applicable.
H. Joseph F. Downes
----------------
(a) Aggregate number of Shares beneficially owned: 1,234,500
Percentage: 6.6%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,234,500
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 1,234,500
(c) None.
(d) Each of the General Partners has the power to
direct the affairs of the Partnerships, including
the disposition of the proceeds from the sale of
the Shares.
(e) Not applicable.
I. Fleur E. Fairman
----------------
(a) Aggregate number of Shares beneficially owned: 1,472,600
Percentage: 7.9%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,472,600
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 1,472,600
(c) None.
(d) Each of the General Partners has the power to
direct the affairs of the Partnerships, including
the disposition of the proceeds from the sale of
the Shares. FCMI, as an investment advisor, has
the power to direct the disposition of the proceeds
from the sale of Shares held by the Managed
Accounts. Mr. Steyer and Ms. Fairman are the sole
stockholders of FCMI. Mr. Steyer is a director,
the Chairman of the Board and Secretary of FCMI.
Ms. Fairman is a director, President, Treasurer and
Assistant Secretary of FCMI.
(e) Not applicable.
J. Jason M. Fish
-------------
(a) Aggregate number of Shares beneficially owned: 1,234,500
Percentage: 6.6%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,234,500
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 1,234,500
(c) None.
(d) Each of the General Partners has the power to
direct the affairs of the Partnerships, including
the disposition of the proceeds from the sale of
the Shares.
(e) Not applicable.
K. William F. Mellin
-----------------
(a) Aggregate number of Shares beneficially owned: 1,234,500
Percentage: 6.6%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,234,500
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 1,234,500
(c) None.
(d) Each of the General Partners has the power to
direct affairs of the Partnerships, including the
disposition of the proceeds from the sale of the
Shares.
(e) Not applicable.
L. Meridee A. Moore
----------------
(a) Aggregate number of Shares beneficially owned: 1,234,500
Percentage: 6.6%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,234,500
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 1,234,500
(c) None.
(d) Each of the General Partners has the power to
direct affairs of the Partnerships, including the
disposition of the proceeds from the sale of the
Shares.
(e) Not applicable.
M. Eric M. Ruttenberg
------------------
(a) Aggregate number of Shares beneficially owned: 1,234,500
Percentage: 6.6%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,234,500
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: 1,234,500
(c) None.
(d) Each of the General Partners has the power to
direct the affairs of the Partnerships, including
the disposition of the proceeds from the sale of
the Shares.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
- ------- Relationships with Respect to Securities of the Issuer.
------------------------------------------------------
Except as described above, there are no contracts,
arrangements, understandings or relationships (legal or
otherwise) among the persons named in Item 2 hereof or between
such persons and any other person with respect to any securities
of the Company or the persons named in Item 2 hereof and any
other person with respect to any securities of the Issuer,
including but not limited to transfer or voting of any other
securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, divisions of
profits or loss, or the giving or withholding of proxies.
Item 7. Materials to be Filed as Exhibits.
- ------- ---------------------------------
There is filed herewith as Exhibit 1 a written
agreement relating to the filing of joint acquisition statements
as required by Rule 13d-1(f)(1) under the Securities Exchange Act
of 1934, as amended.
<PAGE>
ANNEX 1
Set forth below, with respect to each General Partner of
FCIP, FCIP II, FCP and Tinicum, is the following: (a) name; (b)
business address; (c) principal occupation; and (d) citizenship.
The following is set forth below with respect to Farallon Capital
Management, Inc.: (a) name; (b) address; (c) principal business;
(d) state of organization; (e) executive officers; (f) directors;
and (g) controlling persons.
1. (a) Thomas F. Steyer
(b) c/o Farallon Capital Management, Inc.
One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) General Partner of Farallon Capital Institutional
Partners, L.P.; Farallon Capital Institutional Partners
II, L.P.; General Partner of Farallon Capital Partners,
L.P.; General Partner of Tinicum Partners, L.P.;
Director, Chairman of the Board and Secretary of
Farallon Capital Management, Inc.; Director, NAB Asset
Corporation
(d) United States Citizen
2. (a) David I. Cohen
(b) c/o Farallon Capital Management, Inc.
One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) General Partner of Farallon Capital Institutional
Partners, L.P.; Farallon Capital Institutional Partners
II, L.P.; General Partner of Farallon Capital Partners,
L.P.; General Partner of Tinicum Partners, L.P.;
Managing Director of Farallon Capital Management, Inc.
(d) South African Citizen
3. (a) Joseph F. Downes
(b) c/o Farallon Capital Management, Inc.
One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) General Partner of Farallon Capital Institutional
Partners, L.P.; Farallon Capital Institutional Partners
II, L.P.; General Partner of Farallon Capital Partners,
L.P.; General Partner of Tinicum Partners, L.P.;
Managing Director of Farallon Capital Management, Inc.
(d) United States Citizen
4. (a) Fleur E. Fairman
(b) c/o Farallon Capital Management, Inc.
800 Third Avenue, 40th Floor
New York, NY 10022
(c) General Partner of Farallon Capital Institutional
Partners, L.P.; Farallon Capital Institutional Partners
II, L.P.; General Partner of Farallon Capital Partners,
L.P.; General Partner of Tinicum Partners, L.P.;
Director, President, Treasurer and Assistant Secretary
of Farallon Capital Management, Inc.
(d) United States Citizen
5. (a) Jason M. Fish
(b) c/o Farallon Capital Management, Inc.
One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) General Partner of Farallon Capital Institutional
Partners, L.P.; Farallon Capital Institutional Partners
II, L.P.; General Partner of Farallon Capital Partners,
L.P.; General Partner of Tinicum Partners, L.P.;
Managing Director of Farallon Capital Management, Inc.
(d) United States Citizen
6. (a) William F. Mellin
(b) c/o Farallon Capital Management, Inc.
One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) General Partner of Farallon Capital Institutional
Partners, L.P.; Farallon Capital Institutional Partners
II, L.P.; General Partner of Farallon Capital Partners,
L.P.; General Partner of Tinicum Partners, L.P.;
Managing Director of Farallon Capital Management, Inc.
(d) United States Citizen
7. (a) Meridee A. Moore
(b) c/o Farallon Capital Management, Inc.
One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) General Partner of Farallon Capital Institutional
Partners, L.P.; Farallon Capital Institutional Partners
II, L.P.; General Partner of Farallon Capital Partners;
General Partner of Tinicum Partners, L.P.; Managing
Director of Farallon Capital Management, Inc.
(d) United States Citizen
8. (a) Eric M. Ruttenberg
(b) c/o Tinicum Enterprises, Inc.
800 Third Avenue, 40th Floor
New York, New York 10022
(c) General Partner of Farallon Capital Institutional
Partners, L.P.; Farallon Capital Institutional Partners
II, L.P.; General Partner of Farallon Capital Partners,
L.P.; General Partner of Tinicum Partners, L.P.;
Managing Director of Farallon Capital Management, Inc.
(d) United States Citizen
9. (a) Farallon Capital Management, Inc.
(b) c/o Farallon Capital Management, Inc.
One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) Serves as investment advisor to various managed
accounts
(d) Delaware corporation
(e) Officers: Thomas F. Steyer, Chairman of the Board and
Secretary; Fleur E. Fairman, President, Treasurer and
Assistant Secretary.
(f) Directors: Thomas F. Steyer, Fleur E. Fairman
(g) Wholly owned by Thomas F. Steyer and Fleur E. Fairman
<PAGE>
SIGNATURES
-----------
After reasonable inquiry and to the best of our knowledge
and belief, the undersigned certify that the information set
forth in this statement is true, complete and correct.
Dated: March 6, 1995
/s/Thomas F. Steyer
--------------------------------------
Thomas F. Steyer, as General Partner
of FARALLON CAPITAL INSTITUTIONAL
PARTNERS, L.P., FARALLON CAPITAL
INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL PARTNERS, L.P., and
TINICUM PARTNERS, L.P. and as Chairman
of FARALLON CAPITAL MANAGEMENT, INC.
/s/Thomas F. Steyer
--------------------------------------
Thomas F. Steyer, individually and as
attorney-in-fact for each of David I.
Cohen, Joseph F. Downes, Fleur E.
Fairman, Jason M. Fish, William F.
Mellin, Meridee A. Moore and Eric M.
Ruttenberg.
<PAGE>
EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(f)(1)
-----------------------------
The undersigned acknowledge and agree that the foregoing
statement on Schedule 13D is filed on behalf of each of the
undersigned and that all subsequent amendments to this statement
on Schedule 13D shall be filed on behalf of each of the
undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each
shall be responsible for the timely filing of such amendments,
and for the completeness and accuracy of the information
concerning him or it contained therein, but shall not be
responsible for the completeness and accuracy of the information
concerning the other, except to the extent that he or it knows or
has reason to believe that such information is inaccurate.
Dated: March 6, 1995
/s/Thomas F. Steyer
--------------------------------------
Thomas, F. Steyer, as General Partner
of FARALLON CAPITAL INSTITUTIONAL
PARTNERS, L.P., FARALLON CAPITAL
INSTITUTIONAL
PARTNERS II, L.P., FARALLON CAPITAL
PARTNERS, L.P., and TINICUM PARTNERS, L.P.
and as chairman of FARALLON CAPITAL
MANAGEMENT, INC.
/s/Thomas F. Steyer
-------------------------------------
Thomas F. Steyer, individually and as
attorney-in-fact for each of David I. Cohen,
Joseph F. Downes, Fleur E. Fairman,
Jason M. Fish, William F. Mellin,
Meridee A. Moore, and Eric M. Ruttenberg.
<PAGE>
SCHEDULE A
-----------
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.
----------------------------------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE
---------- ------------- ---------
(including commissions)
02/14/95 30,000 $15.26
02/14/95 39,400 $15.28
02/15/95 252,000 $15.25
02/16/95 12,600 $15.19
02/22/95 17,300 $15.34
02/22/95 13,100 $15.29
02/23/95 198,000 $15.31
02/27/95 3,600 $15.31
02/28/95 5,000 $15.35
02/28/95 1,800 $15.31
03/01/95 3,600 $15.31
<PAGE>
SCHEDULE B
-----------
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.
------------------------------------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE
---------- ------------- ---------
(including commissions)
02/14/95 3,700 $15.26
02/14/95 4,900 $15.28
02/15/95 60,000 $15.25
02/16/95 3,000 $15.19
02/22/95 1,100 $15.29
02/22/95 1,400 $15.34
02/23/95 16,500 $15.31
02/27/95 300 $15.31
02/28/95 1,100 $15.35
02/28/95 400 $15.31
03/01/95 800 $15.31
<PAGE>
SCHEDULE C
----------
FARALLON CAPITAL PARTNERS, L.P.
-------------------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE
---------- ------------- ---------
(including commissions)
02/14/95 24,000 $15.26
02/14/95 31,000 $15.28
02/15/95 150,000 $15.25
02/16/95 7,500 $15.19
02/22/95 14,000 $15.29
02/22/95 18,200 $15.34
02/23/95 236,500 $15.31
02/27/95 4,300 $15.31
02/28/95 5,400 $15.35
02/28/95 1,800 $15.31
03/01/95 3,800 $15.31
<PAGE>
SCHEDULE D
----------
TINICUM PARTNERS, L.P.
-----------------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE
---------- ------------- ---------
(including commissions)
02/14/95 4,500 $15.26
02/14/95 5,900 $15.28
02/15/95 36,000 $15.25
02/16/95 1,800 $15.19
02/22/95 1,100 $15.29
02/22/95 1,400 $15.34
02/23/95 16,500 $15.31
02/27/95 300 $15.31
02/28/95 400 $15.35
02/28/95 200 $15.31
03/01/95 300 $15.31
<PAGE>
SCHEDULE E
----------
MANAGED ACCOUNTS
----------------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE
---------- ------------- ---------
(including commissions)
02/14/95 2,300 $15.26
02/14/95 3,000 $15.28
02/14/95 6,000 $15.25
02/14/95 7,900 $15.28
02/14/95 4,500 $15.26
02/14/95 5,900 $15.28
02/15/95 18,000 $15.25
02/15/95 48,000 $15.25
02/15/95 36,000 $15.25
02/16/95 1,800 $15.19
02/16/95 2,400 $15.19
02/16/95 900 $15.19
02/22/95 1,100 $15.29
02/22/95 1,400 $15.34
02/22/95 2,500 $15.29
02/22/95 3,200 $15.34
02/22/95 2,100 $15.29
<PAGE>
MANAGED ACCOUNTS
-----------------
Continued
---------
NO. OF SHARES PRICE
TRADE DATE PURCHASED PER SHARE
---------- ------------- ---------
(including commissions)
02/22/95 2,700 $15.34
02/23/95 33,000 $15.31
02/22/95 27,500 $15.31
02/23/95 22,000 $15.31
02/27/95 500 $15.31
02/27/95 400 $15.31
02/27/95 600 $15.31
02/28/95 800 $15.35
02/28/95 300 $15.31
02/28/95 600 $15.35
02/28/95 200 $15.31
02/28/95 700 $15.35
02/28/95 300 $15.31
03/01/95 500 $15.31
03/01/95 400 $15.31
03/01/95 600 $15.31
