UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Thornton, John L.
c/o Goldman, Sachs & Co.
85 Broad Street
New York, NY 10004
2. Issuer Name and Ticker or Trading Symbol
Ford Motor Company
F(Common), F.PR(Series A Pref.), F.PRB (Series B Pref.)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
10/31/1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock | | | | | | |10,400 |D | |
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Common Stock |10/2/9|S | |44,858 |D |$46.8125 | |I |01 |
|7 | | | | | | | | |
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Common Stock |10/3/9|P | |39,100 |A |$46.8125 | |I |01 |
|7 | | | | | | | | |
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Common Stock |10/3/9|P | |5,758 |A |$47.5625 | |I |01 |
|7 | | | | | | | | |
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Common Stock |10/16/|P | |66 |A |$49.50 | |I |01 |
|97 | | | | | | | | |
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Common Stock |10/17/|S | |66 |D |$47.9375 | |I |01 |
|97 | | | | | | | | |
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Common Stock |10/28/|S | |5,000 |D |$43.4375 | |I |01 |
|97 | | | | | | | | |
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Common Stock |10/28/|P | |5,000 |A |$43.4375 | |I |01 |
|97 | | | | | | | | |
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Common Stock |10/31/|S | |200 |D |$43.5625 | |I |01 |
|97 | | | | | | | | |
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Common Stock |10/31/|S | |100 |D |$43.6875 |-0- |I |01 |
|97 | | | | | | | | |
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Common Stock | | | | | | |43.2 |I |02 |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ford Stock Equivalents|03 | | | | | |03 |03 |Common Stock|1,600 | |1,600 |D | |
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Ford Stock Units |04 | | | | | |04 |04 |Common Stock|1,200 | |1,200 |D | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
01: The Reporting Person is a managing director of Goldman, Sachs & Co. (alone
and together with its affiliates,
"Goldman Sachs"). The shares reported herein as indirectly owned were
purchased or sold by Goldman Sachs.
The sales reported herein as transacted on 10/31/97 were effected to correct
errors. The purchase made in
connection with these errors were transacted in November and will be reported
on a November 1997 Form 4.
Without admitting any legal obligation, GS will remit appropriate profits, if
any, to the Company. The Reporting
Person disclaims beneficial ownership of these securities except to the extent
of his pecuniary interest therein.
02: The Reporting Person is a managing director of Goldman, Sachs & Co. (alone
and together with its affiliates,
"Goldman Sachs"). Goldman Sachs and The Goldman Sachs Group, L.P. ("GSG") may
be deemed to own
beneficially and indirectly 43.2 shares of Common Stock which are beneficially
and directly owned by the Greene
Street Exchange Fund, L.P. ("Greene Street"). Goldman Sachs is the investment
manager of Greene Street. An
affiliate of Goldman Sachs and GSG is the general partner of Greene Street.
GSG is the 99% general partner of
Goldman Sachs. The 43.2 shares reported herein as indirectly beneficially
owned by GSG and Goldman Sachs
represent GSG's proportionate interest in the shares of the Issuer owned by
Greene Street. The Reporting Person
disclaims beneficial ownership of the securities reported herein as indirectly
owned except to the extent of his
pecuniary interest therein.
03: These Ford Stock Equivalents were acquired under the Company's Restricted
Stock Plan for Non-Employee
Directors.
04: These Ford Stock Units were acquired under the Company's Deferred
Compensation Plan for Non-Employee
Directors.
SIGNATURE OF REPORTING PERSON
By: s/ Hans L. Reich Attorney-in-fact
DATE
November 7, 1997
