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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
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U.S. 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 of 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
Feinberg Stephen
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(Last) (First) (Middle)
450 Park Avenue, 28th Floor
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(Street)
New York NY 10022
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
J.C. Nichols Company (NCJC)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
July/1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X*] 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 Persion
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
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>
TRANSACTIONS BY CERBERUS PARTNERS, L.P.*
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Common Stock 7/02/97 P 12,000 A $ 41.50 I* *
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Common Stock 7/03/97 P 64,057 A 41.50 I* *
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Common Stock 7/11/97 P 9,200 A 42.00 I* *
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Common Stock 7/11/97 P 48,200 A 44.25 I* *
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Common Stock 7/15/97 P 11,850 A 41.50 I* *
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Common Stock 7/16/97 P 650 A 42.00 160,957* I* *
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TRANSACTIONS BY CERBERUS INTERNATIONAL, LTD.*
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Common Stock 7/02/97 P 54,220 A $41.50 173,200* I* *
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TRANSACTIONS BY ULTRA CERBERUS FUND, LTD.*
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Common Stock 7/02/97 P 14,000 A $41.50 0 I* *
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Common Stock 7/03/97 P 47,000 A 41.50 74,500 I* *
TRANSACTIONS BY THE FUNDS*
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Common Stock 7/02/97 P 57,560 A $41.50 I* *
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Common Stock 7/03/97 P 115,660 A 41.50 I* *
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Common Stock 7/11/97 P 70,000 A 44.25 I* *
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Common Stock 7/15/97 P 5,000 A 41.50 I* *
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Common Stock 7/18/97 P 4,000 A 43.56 252,220* I* *
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of 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>
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</TABLE>
Explanation of Responses:
*The reporting person possesses (i) voting and investment control over the
securities of J.C. Nichols Company owned by Cerberus Partners, L.P.
("Cerberus"), Cerberus International, Ltd. ("International") and Ultra Cerberus
Fund, Ltd. ("Ultra") and (ii) investment authority over the securities of J.C.
Nichols Company owned by various other private investment funds (the "Funds").
The reporting person's interest in the shares set forth herein is limited to the
extent of his pecuniary interest, if any, in Cerberus, International, Ultra and
the Funds, respectively.
/s/ Stephen Feinberg August 8, 1997
________________________________ Date
**Signature of Reporting Person
** 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 procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.