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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, New York 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.PR(Series A Pref.), 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
June/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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<PAGE>
<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 | 06/01/98 | M(01) | | 575 | A | 01 | 10,975 | D | |
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| | | | | | | | | |
Common Stock | 06/10/98 | P | | 700 | A | $54.5625 | -0- | I | 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).
<PAGE>
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 |06/01/98|M(01)| | | 575 | 04 | 04 |Common Stock | 575 | | 1,725 | D | |
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Ford Stock | | | | | | | | | | | | | | |
Units | 05 | | | | | | 05 | 05 |Common Stock | 4,439 | | 4,439 | D | |
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</TABLE>
<PAGE>
Explanation of Responses:
01: The reported transaction involved the conversion, without payment by the
Reporting Person, of Ford Stock Equivalents into shares of Common Stock under
the Company's Restricted Stock Plan for Non-Employee Directors.
02: 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 were purchased by Goldman Sachs, as part of a
basket which did not meet the requirements for exemption as outlined by the
Securities and Exchange Commission, and may be deemed to have been beneficially
owned directly by Goldman Sachs. The subsequent sale was part of an approved
basket and therefore not reported. 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.
03: The Reporting Person is a managing director of GSI and a member of the
executive committee of Goldman, Sachs & Co. Goldman Sachs and 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. The
43.2 shares reported herein as indirectly beneficially owned by GSG and Goldman
Sachs represents GSG'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 me. In general, 575 of
these Ford Stock Equivalents will be converted and distributed to me, 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 me, 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 July 10, 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.
