UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Thornton, John L.
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(Last) (First) (Middle)
c/o Goldman, Sachs & Co.
85 Broad Street
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(Street)
New York, NY 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Ford Motor Company
F(Common), F.PRB (Series B Pref.)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Year
September/1998
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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)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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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>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, |
or Beneficially Owned |
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| | | | |6. | |
| | | 4. |5. |Owner- | |
| | | Securities Acquired (A) or |Amount of |ship | |
| | 3. | Disposed of (D) |Securities |Form: |7. |
| | Transaction| (Instr. 3, 4 and 5) |Beneficially |Direct |Nature of |
|2. | Code | -------------------------------|Owned at End |(D) or |Indirect |
1. |Transaction | (Instr. 8) | | (A) | |of Month |Indirect |Beneficial|
Title of Security |Date | -----------| Amount | or | Price |(Instr. 3 |(I) |Ownership |
(Instr. 3) |(mm/dd/yy) | Code | V | | (D) | |and 4) |(Instr.4)|(Instr. 4)|
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | |
Common Stock | | | | | | | 10,975 | D | |
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| | | | | | | | | |
Common Stock | 09/11/98 | P | | 2,200 | A | $43.3125 | | I | 01 |
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Common Stock | 09/11/98 | S | | 2,200 | D | $43.0369 | | I | 01 |
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Common Stock | 09/14/98 | P | | 200 | A | $46.3125 | | I | 01,02 |
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Common Stock | 09/14/98 | S | | 200 | D | $46.3125 | -0- | I | 01,02 |
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Common Stock | | | | | | | 43.2 | I | 03 |
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
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FORM 4 (continued)
<TABLE>
<CAPTION>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner- | |
| | | | | | | |of |ship | |
|2. | | | | | | |Deriv- |of | |
|Conver- | | | 5. | |7. | |ative |Deriv- |11. |
|sion | | | Number of | |Title and Amount | |Secur- |ative |Nature|
|or | | | Derivative |6. |of Underlying |8. |ities |Secur- |of |
|Exer- | |4. | Securities |Date |Securities |Price |Bene- |ity: |In- |
|cise |3. |Trans- | Acquired (A) |Exercisable and |(Instr. 3 and 4) |of |ficially |Direct |direct|
|Price |Trans- |action | or Disposed |Expiration Date |-----------------------|Deriv- |Owned |(D) or |Bene- |
1. |of |action |Code | of(D) |(Month/Day/Year) | |Amount |ative |at End |In- |ficial|
Title of |Deriv- |Date |(Instr | (Instr. 3, |---------------- | |or |Secur- |of |direct |Owner-|
Derivative |ative |(Month/ |8) | 4 and 5) |Date |Expira- | |Number |ity |Month |(I) |ship |
Security |Secur- |Day/ |------ | ------------ |Exer- |tion | |of |(Instr. |(Instr. |(Instr |(Instr|
(Instr. 3) |ity |Year) |Code |V| (A) | (D) |cisable |Date |Title |Shares |5) |4) |4) |4) |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ford Stock | | | | | | | | | | | | | | |
Equivalents | 04 | | | | | | 04 | 04 |Common Stock | 1,725 | | 1,725 | D | |
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Ford Stock | | | | | | | | | | | | | | |
Units | 05 | | | | | | 05 | 05 |Common Stock | 4,439 | | 4,439 | D | |
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Explanation of Responses:
01: The Reporting Person is a managing director of Goldman Sachs International
("GSI") and a member of the executive committee of Goldman, Sachs & Co. (alone
and together with its affiliates, "Goldman Sachs"). The securities reported
herein as indirectly purchased and sold were purchased and sold and may be
deemed to have been beneficially owned directly by Goldman Sachs. Without
admitting any legal obligation, Goldman Sachs 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 transactions reported herein were part of baskets which did not meet the
requirements for exemption as outlined by the Securities and Exchange
Commission.
03: The Reporting Person is a managing director of GSI and a member of the
executive committee of Goldman, Sachs & Co. Goldman Sachs and The Goldman Sachs
Group, L.P. ("GS Group") 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 GS Group is the
general partner of Greene Street. GS Group is the general partner of and owns a
99% interest in Goldman Sachs. The 43.2 shares reported herein as indirectly
beneficially owned by Goldman Sachs and GS Group represents GS Group's pecuniary
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.
04: These Ford Stock Equivalents were acquired under the Company's Restricted
Stock Plan for Non-Employee Directors without payment by the Reporting Person.
In general, 575 of these Ford Stock Equivalents will be converted and
distributed to the Reporting Person, without payment, in shares of Common Stock
on June 1 of each of the four years commencing 6/1/98.
05: These Ford Stock Units were acquired under the Company's Deferred
Compensation Plan for Non-Employee Directors. In general, these Ford Stock Units
will be converted and distributed to the Reporting Person, without payment, in
cash, on January 10th of the year following termination of Board Service, based
upon the then current market value of a share of Common Stock.
By: s/ Hans L. Reich October 13, 1998
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**Signature of Reporting Person Date
Attorney-in-fact
** 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 procedures.
Alternatively, this Form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.