<PAGE>
________________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
American President Companies, Ltd.
----------------------------------
(Name of Issuer)
COMMON STOCK, par value $0.01
------------------------------
(Title of Class of Securities)
029103-108
-------------------
CUSIP Number
HELLMAN & FRIEDMAN CAPITAL MANAGEMENT, INC.
One Maritime Plaza, 12th Floor
San Francisco, California 94111
(415) 788-5111
with a copy to:
Paul J. Mundie, Esq.
Heller Ehrman White & McAuliffe
333 Bush Street
San Francisco, California 94104
(415) 772-6186
--------------------------------------
(Name, address and telephone number
of person authorized to receive
notices and communications)
July 28, 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 statement, and is filing this
statement because of Rule 13d-1(b)(3) or (4), check the following:
/ /
Check the following box if a fee is being paid with this statement:
/ /
(Page 1 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
Hellman & Friedman Capital Partners,
a California Limited Partnership
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): WC
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 2,489,766
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 2,489,766
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 2 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
Hellman & Friedman Capital Partners
International (BVI)
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): WC
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: British
Virgin Islands
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 134,420
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 134,420
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 3 of 33)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
APC Partners, L.P.,
a California limited partnership
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): WC
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 1,320,500
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 1,320,500
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 4 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
H&F Redwood Partners, L.P.,
a California Limited Partnership
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): WC
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 84,012
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 84,012
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 5 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
Hellman & Friedman Capital Management,
a California Limited Partnership
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): 00 (WC of
other group member)
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 2,489,766
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 2,489,766
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 6 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
Hellman & Friedman Capital Management
International, a California Limited Partnership
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): OO (WC of
other group member)
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 134,420
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 134,420
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 7 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
APC Management, L.P.,
a California Limited Partnership
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): OO (WC of
other group member)
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 1,320,500
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 1,320,500
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 8 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
H&F Redwood Investors, L.P.,
a California Limited Partnership
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): OO (WC of
other group member)
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 84,012
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 84,012
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 9 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
Hellman & Friedman Capital Management, Inc.
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): OO (WC of
other group member)
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 2,489,766
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 2,489,766
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): CO
_________________________________________________________________
(Page 10 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
H&F Capital Management International, Inc.
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): OO (WC of
other group member)
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 134,420
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 134,420
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): CO
_________________________________________________________________
(Page 11 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
APC Administrators, Inc.,
a California corporation
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): OO (WC of
other group member)
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 1,320,500
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 1,320,500
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): CO
_________________________________________________________________
(Page 12 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
H&F Redwood Investors, Inc.,
a California corporation
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): OO (WC of
other group member)
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization: California
_________________________________________________________________
Number 7) Sole Voting Power: -0-
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 84,012
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 84,012
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): CO
_________________________________________________________________
(Page 13 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
F. Warren Hellman
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): OO (WC of
other group member)
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization:
United States
_________________________________________________________________
Number 7) Sole Voting Power: 11,999
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 4,028,698
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: 11,999
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 4,028,698
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): IN
_________________________________________________________________
(Page 14 of 33 pages)
<PAGE>
CUSIP No. 029103-108 13D
1) Name of Reporting Persons:
Tully M. Friedman
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) / XX / ________________________________________
(b) / / ________________________________________
_________________________________________________________________
3) SEC Use Only ___________________________________
_________________________________________________________________
4) Source of Funds (See Instructions): 00 (WC of
other group member)
_________________________________________________________________
5) / / Check if Disclosure of Legal proceedings
is Required Pursuant to Items 2(d) or 2(e)
_________________________________________________________________
6) Citizenship or Place of Organization:
United States
_________________________________________________________________
Number 7) Sole Voting Power: 3,333
of ___________________________________________
Shares
Beneficially 8) Shared Voting Power: 4,028,698
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: 3,333
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 4,028,698
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 4,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
12.9%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): IN
_________________________________________________________________
(Page 15 of 33 pages)
<PAGE>
Hellman & Friedman Capital Management, Inc., a California corporation
("Management, Inc."), hereby amends the Statement on Schedule 13D, as filed
August 15, 1988 and amended September 21, 1988, October 4, 1988, November 30,
1988, December 22, 1989, November 26, 1991 and February 6, 1992 (the
"Statement"), with respect to the shares of Common Stock, $0.01 par value (the
"Common Stock") of American President Companies, Ltd., a Delaware corporation
(the "Issuer"). This Amendment to the Statement is filed by Management, Inc. on
its own behalf and on behalf of Hellman & Friedman Capital Partners, a
California Limited Partnership ("Capital Partners"), Hellman & Friedman Capital
Partners International (BVI) ("Capital Partners International"), APC Partners,
L.P. ("APC Partners"), H&F Redwood Partners, L.P. ("Redwood Partners"), Hellman
& Friedman Capital Management, a California Limited Partnership ("Capital
Management"), Hellman & Friedman Capital Management International, a California
Limited Partnership ("Capital Management International"), APC Management, L.P.
("APC Management"), H&F Redwood Investors, L.P. ("Investors, L.P."), H&F
Capital Management International, Inc., a California corporation ("Management
International, Inc."), APC Administrators, Inc., a California corporation ("APC
Administrators"), H&F Redwood Investors, Inc. ("Investors, Inc."), F. Warren
Hellman ("Mr. Hellman") and Tully M. Friedman ("Mr. Friedman") (collectively the
"Group" or the "Reporting Persons"). Unless otherwise indicated, capitalized
terms used below but not defined herein have the meanings assigned to them in
the Statement.
Pursuant to Rule 101 of Regulation S-T, this Amendment to the
Statement restates the entire text of the Statement as amended through the date
hereof. Pursuant to such Rule previously filed paper exhibits are not being
restated electronically.
COVER PAGES
The cover pages to the Statement for the Reporting Persons identified
therein are amended to read as shown on the cover pages included in this
Amendment.
Item 1. SECURITY AND ISSUER.
Item 1 of the Statement is amended to read in its entirety as follows:
The security to which this statement relates is the common stock, par
value $0.01 (the "Common Stock"), of American President Companies, Ltd., a
corporation incorporated under the laws of Delaware (the "Company"), whose
principal executive offices are located at 1111 Broadway, Oakland, California
94607. Of the 4,044,030 shares of Common Stock beneficially owned by members of
the Group, 3,961,498 were acquired on July 28, 1995 upon the conversion by the
members of the Group of the 1,500,000 shares of Series C Cumulative Convertible
Preferred Stock, par value $0.01 (the "Series C"), previously held by the Group
and
(Page 16 of 33 pages)
<PAGE>
reported in this Statement. 15,332 shares of Common Stock are subject to
presently exercisable options held by Messrs. Hellman and Friedman; the balance
of the shares beneficially owned by the members of the Group were acquired in
open market purchases.
Item 2. IDENTITY AND BACKGROUND.
Item 2 of the Statement is amended to read in its entirety as follows:
This statement is filed on behalf of Hellman & Friedman Capital
Partners, a California Limited Partnership ("Capital Partners"), Hellman &
Friedman Capital Management, a California Limited Partnership, the general
partner of Capital Partners ("Capital Management"), Hellman & Friedman Capital
Management, Inc., a California corporation, the general partner of Capital
Management ("Capital Management, Inc."), Hellman & Friedman Capital Partners
International (BVI), a partnership formed under the laws of the British Virgin
Islands ("Capital Partners International"), Hellman & Friedman Capital
Management International, a California Limited Partnership, the managing partner
of Capital Partners International ("Capital Management International"), H&F
Capital Management International, Inc., the general partner of Capital
Management International ("Management International, Inc."), APC Partners, L.P.,
a California limited partnership ("APC Partners"), APC Management, L.P., a
California limited partnership, the general partner of APC Partners ("APC
Management"), APC Administrators, Inc., a California corporation, the general
partner of APC Management ("APC Administrators, Inc."), H&F Redwood Partners,
L.P., a California limited partnership ("Redwood Partners"), H&F Redwood
Investors, L.P., a California limited partnership, the general partner of
Redwood Partners, ("Investors, L.P."), H&F Redwood Investors, Inc., a California
corporation, the general partner of Investors, L.P., ("Investors, Inc.") F.
Warren Hellman and Tully M. Friedman (each of whom beneficially own 50% of the
shares of each of Management, Inc., Management International, Inc., APC
Administrators, Inc. and Investors, Inc.).
The foregoing partnerships, corporations and individuals (referred to
collectively herein as the "Reporting Persons" or the "Group"), because of
common ultimate control of their investment decisions by Messrs. Hellman and
Friedman, constitute a "group" for purposes of Section 13(d) of the Securities
Exchange Act of 1934. Although Messrs. Hellman and Friedman are not obligated
to cause all shares owned by the group to be voted similarly, they are likely to
do so.
a. CAPITAL PARTNERS
The principal executive offices of Capital Partners are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. Capital Partners
was formed for the purpose of making investments in a variety of special
situations, including, without limitation, financial restructurings,
recapitalizations,
(Page 17 of 33 pages)
<PAGE>
financial service start-up companies, leveraged buy-outs and taking positions in
undervalued public companies. Capital Partners is a limited partnership formed
in September 1987 under the laws of the State of California.
b. CAPITAL MANAGEMENT.
The principal executive offices of Capital Management are located at
One Maritime Plaza, 12th Floor, San Francisco, California 94111. Capital
Management is a limited partnership formed under the laws of California in
September 1987 for the purpose of serving as the general partner of Capital
Partners.
c. MANAGEMENT, INC.
The principal executive offices of Management, Inc. are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. Management, Inc.
is a California corporation whose principal business is serving as the general
partner of Capital Management. The beneficial owners of the shares of Capital
Management are F. Warren Hellman and Tully M. Friedman. The names, address,
present principal occupations and citizenships of the executive officers and
members of the Board of Directors of Management, Inc. are set forth on Schedule
1 hereto.
d. CAPITAL PARTNERS INTERNATIONAL.
The principal executive offices of Capital Partners International are
located at Wickhams Cay, Road Town, Tortola, British Virgin Islands. Capital
Partners International is a partnership formed under the laws of the British
Virgin Islands in December 1987 for the purpose of making investments in a
variety of special situations, including, without limitation, financial
restructurings, recapitalizations, financial service start-up companies,
leveraged buy-outs and taking positions in undervalued public companies.
The partners in Capital Partners International are Capital Management
International and H&F Investment Capital International, Inc., a British Virgin
Islands international business company ("H & F Investment"). Pursuant to the
partnership agreement of Capital Partners International, Capital Management
International serves as the managing partner of Capital Partners International,
and as such directs the affairs of Capital Partners International (including
controlling the disposition and voting of securities held by Capital Partners
International) in much the same manner as would the general partner of a limited
partnership. Information regarding Capital Management International is provided
in paragraph (e) below. By contrast, H&F Investment functions essentially as
would a limited partner in a limited partnership, and as such does not control
(or share in the control of) the voting or disposition of securities owned by
Capital Partners International. The names, addresses, present principal
occupations and citizenships of the
(Page 18 of 33 pages)
<PAGE>
executive officers and members of the board of directors of H & F Investment are
set forth on Schedule 2 hereto.
e. CAPITAL MANAGEMENT INTERNATIONAL.
Capital Management International has its principal executive offices
at Wickhams Cay, Road Town, Tortola, British Virgin Islands. Capital Management
International is a limited partnership formed under the laws of the State of
California in November 1987 for the purpose of acting as the managing partner of
Capital Partners International.
f. MANAGEMENT INTERNATIONAL, INC.
Management International, Inc. has its principal executive offices at
Wickhams Cay, Road Town, Tortola, British Virgin Islands. The principal
business of Management International, Inc., a California corporation formed in
October 1987, is to act as the general partner of Capital Management
International. The beneficial owners of the shares of Management International,
Inc. are F. Warren Hellman and Tully M. Friedman. The names, addresses, present
principal occupations and citizenships of the executive officers and members of
the board of directors of Management International, Inc. are set forth on
Schedule 3 hereto.
g. APC PARTNERS.
The principal executive offices of APC Partners are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. APC Partners was
formed for the purpose of acquiring, holding and disposing of up to 500,000
shares of Series C and any cash, securities or other property issued as a
dividend upon such shares or upon conversion thereof. APC Partners is a limited
partnership formed in September 1988 under the laws of the State of California.
h. APC MANAGEMENT.
The principal executive offices of APC Management are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. APC Management is
a limited partnership formed under the laws of the State of California in
September 1988 for the purpose of serving as the general partner of APC
Partners.
i. APC ADMINISTRATORS, INC.
The principal executive offices of APC Administrators, Inc. are
located at One Maritime Plaza, 12th Floor, San Francisco, California 94111. APC
Administrators, Inc. is a California corporation whose principal business is
serving as a general partner of APC Management. The beneficial owners of the
shares of APC Administrators, Inc. are F. Warren Hellman and Tully M. Friedman.
The names, addresses, present principal occupations and citizenships of the
executive officers and
(Page 19 of 33 pages)
<PAGE>
members of the board of directors of APC Administrators, Inc. are set forth on
Schedule 4 hereto.
j. REDWOOD PARTNERS.
The principal executive offices of Redwood Partners are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. Redwood Partners
was formed for the purpose of acquiring a portion of the investment portfolio of
Capital Partners International, and may make certain follow-up investments at
the discretion of its general partner. Redwood Partners is a limited
partnership formed in December, 1991 under the laws of the State of California.
k. INVESTORS, L.P.
The principal executive offices of Investors, L.P. are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. Investors, L.P.
is a limited partnership formed under the laws of the State of California in
December, 1991 for the purpose of serving as the general partner of Redwood
Partners.
l. INVESTORS, INC.
The principal executive offices of Investors, Inc. are located at One
Maritime Plaza, 12th Floor, San Francisco, California 94111. Investors, Inc.
is a California corporation whose principal business is serving as the general
partner of Investors, L.P. The beneficial owners of the shares of Investors,
Inc. are F. Warren Hellman and Tully M. Friedman. The names, addresses, present
principal occupations and citizenships of the executive officers and members of
the board of directors of Investors, Inc. are set forth on Schedule 5 hereto.
m. F. WARREN HELLMAN.
Mr. Hellman is a trustee of a revocable trust which owns 50% of the
outstanding common stock of Management, Inc., Management International, Inc.,
APC Administrators, Inc. and Investors, Inc. Mr. Hellman's business address is
One Maritime Plaza, Suite 1200, San Francisco, California 94111. Mr. Hellman is
a partner of Hellman & Friedman, a general partnership formed under the laws of
California, and as such is primarily engaged in investment activities. Hellman
& Friedman has provided, and may continue to provide, investment banking
services to the Company for compensation.
n. TULLY M. FRIEDMAN.
Tully M. Friedman is a trustee of a revocable trust which owns 50% of
the outstanding common stock of Management, Inc., Management International,
Inc., APC Administrators, Inc. and Investors, Inc. Mr. Friedman's business
address is One Maritime Plaza, Suite 1200, San Francisco, California 94111.
Mr. Friedman is a partner of Hellman & Friedman, a general
(Page 20 of 33 pages)
<PAGE>
partnership formed under the laws of California, and as such is primarily
engaged in investment activities. Hellman & Friedman has provided, and may
continue to provide, investment banking services to the Company for
compensation.
During the last five years none of the Reporting Persons named above,
nor any of the directors or executive officers of each of Management, Inc.,
Management International, Inc., H&F Investments and Investors, Inc. have been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) nor has any of such persons been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction as a result of which
such person 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.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 of the Statement is amended to read in its entirety as follows:
On August 3, 1988 Capital Partners, Capital Partners International,
and the Company entered into a Preferred Stock Purchase Agreement (the "Purchase
Agreement") pursuant to which Capital Partners purchased 1,379,580 shares of
Series C for $68,979,000 while Capital Partners International purchased 120,420
shares of Series C for $6,021,000. The aggregate purchase price for the
1,500,000 shares of Series C purchased by Capital Partners and Capital Partners
International was $75,000,000 (the "Purchase Price"). The Purchase Agreement is
attached hereto as Exhibit 7(2). The funds used by Capital Partners and Capital
Partners International to pay their respective portions of the Purchase Price
were obtained by each such partnership from capital contributions made by their
respective partners pursuant to pre-existing capital commitments.
On September 30, 1988, Capital Partners, Capital Partners
International, APC Partners and APC Management entered into a Stock Purchase and
Transfer Agreement (the "APC Purchase Agreement") pursuant to which Capital
Partners sold 455,353 shares of Series C to APC Partners for $22,847,355,
Capital Partners International sold 39,747 shares of Series C to APC Partners
for $1,994,287, and Capital Partners transferred to APC Management 4,900 shares
of Series C. The aggregate purchase price for the 495,100 shares of Series C
purchased by APC Partners was $24,841,642 (the "APC Purchase Price"). The Stock
Purchase Agreement is attached hereto as Exhibit 7(11). The funds used by APC
Partners to pay the APC Purchase Price were obtained by APC Partners from
capital contributions made by its respective partners pursuant to their
respective capital commitments.
(Page 21 of 33 pages)
<PAGE>
The 4,900 shares of Series C transferred to APC Management were
contributed by APC Management as capital to APC Partners.
On December 31, 1991 Redwood Partners acquired 2,068 shares of Common
Stock and 31,028 shares of Series C previously held by Capital Partners
International. The shares were contributed to Redwood Partners by its general
and limited partner, respectively. The limited partner of Redwood Partners,
Vencap Holdings (1987) Pte. Ltd. ("Vencap") acquired the 1,924 shares of Common
Stock and the 30,718 shares of Series C that it contributed to Redwood Partners
from H&F Investment Capital International, Inc., a British Virgin Islands
international business company ("H&F Investment") and one of the partners in
Capital Partners International, in redemption of Vencap's capital stock in H&F
Investment. H&F Investment in turn had acquired such securities by means of a
distribution from Capital Partners International. The balance of the shares
acquired by Redwood Partners (144 shares of Common Stock and 310 shares of
Series C) were contributed to it by Investors, L.P. Investors, L.P. in turn
received such shares as a capital contribution from its partners, who had in
turn received such shares by means of a distribution from Capital Partners
International to Capital Management International, and from Capital Management
International to its partners (and, in the case of Messrs. Hellman and Friedman,
by means of a further distribution to them by Management International, Inc.,
which they immediately contributed to Investors, Inc.). The foregoing
transactions are more particularly described in the Asset Transfer Agreement
attached hereto as Exhibit 7(17).
On July 28, 1995 Capital Partners, Capital Partners International, APC
Partners and Redwood Partners converted their respective shares of Series C into
shares of Common Stock pursuant to the terms of the Series C.
Item 4. PURPOSE OF TRANSACTION.
Item 4 of the Statement is amended to read in its entirety as follows:
Capital Partners, Capital Partners International, APC Partners and
Redwood Partners originally acquired the Series C, and presently hold the Common
Stock which is the subject of this Schedule, for investment purposes. The
Shares of Series C held by the Reporting Persons were converted into Common
Stock on July 28, 1995 in order to avoid the redemption of such shares by the
Company on that date.
None of the Reporting Persons have any present intention to acquire
control over the Issuer. However, pursuant to the terms of the Purchase
Agreement both Mr. Hellman and Mr. Friedman presently serve as directors of the
Company.
The Reporting Persons are not aware of any proposals to acquire
control of the Company and have no present intention to
(Page 22 of 33 pages)
<PAGE>
exercise any of the rights they have under the Purchase Agreement to frustrate
any particular proposal to acquire such control. However, the Reporting Persons
reserve the right to exercise any and all rights which they may have in any
manner they deem consistent with their interests (and, in the case of directors,
their fiduciary duties to the Company and its stockholders) with respect to any
proposal to alter the management or control of the Company.
Item 5. INTERESTS IN SECURITIES OF THE ISSUER.
Item 5 of the Statement is amended to read in its entirety as follows:
(a) and (b) The aggregate number of shares and percentage of Common
Stock of the Company (based upon the number of shares of Common Stock of the
Company outstanding as of May 1, 1995) beneficially owned by each Reporting
Person named in Item 2, as well as the number of shares of Common Stock as to
which such person is deemed to have sole power to vote or to direct the vote,
shared power to vote or to direct the vote, sole power to dispose or to
direct the disposition, or shared power to dispose or direct the disposition, is
set forth in the following table,
(Page 23 of 33 pages)
<PAGE>
<TABLE>
<CAPTION>
NO. OF SHARES POWER TO VOTE POWER TO DISPOSE
BENEFICIALLY PERCENTAGE
PERSON OWNED OF CLASS SOLE(1) SHARED(1) SOLE(1) SHARED(1)
------ ------------- ---------- ------- --------- ------- ---------
<S> <C> <C> <C> <C> <C> <C>
Capital Partners 2,489,766 7.9% -0- 2,489,766 -0- 2,489,766
Capital Management 2,489,766 7.9% -0- 2,489,766 -0- 2,489,766
Management, Inc. 2,489,766 7.9% -0- 2,489,766 -0- 2,489,766
Capital Partners
International 134,420 0.4% -0- 134,420 -0- 134,420
Capital Management
International 134,420 0.4% -0- 134,420 -0- 134,420
Management
International, Inc. 134,420 0.4% -0- 134,420 -0- 134,420
APC Partners 1,320,500 4.2% -0- 1,320,500 -0- 1,320,500
APC Management 1,320,500 4.2% -0- 1,320,500 -0- 1,320,500
APC Administrators 1,320,500 4.2% -0- 1,320,500 -0- 1,320,500
Redwood Partners 84,012 0.3% -0- 84,012 -0- 84,012
Investors, L.P. 84,012 0.3% -0- 84,012 -0- 84,012
Investors, Inc. 84,012 0.3% -0- 84,012 -0- 84,012
F. Warren Hellman(2) 4,044,030 12.9% 11,999 4,028,698 11,999 4,028,698
Tully M. Friedman(2) 4,044,030 12.9% 3,333 4,028,698 3,333 4,028,698
Group 4,044,030 12.9% -0- 4,028,698 -0- 4,028,698
_______________________________
<FN>
(1) Each of Capital Partners, Capital Management, and Management, Inc.
share power to vote and power to dispose of the 2,489,766 shares of Common Stock
beneficially owned by them with each other and with Messrs. Hellman and
Friedman, which individuals ultimately control the voting and disposition of
such shares; each of Capital Partners International, Capital Management
International and Management International, Inc. similarly share power to vote
and power to dispose of the 134,420 shares of Common Stock beneficially owned by
them with each other and Messrs. Hellman and Friedman, which individuals
ultimately control the voting and disposition of such shares. Each of APC
Partners, APC Management and APC Administrators share power to vote and power to
dispose of the 1,320,500 shares of Common Stock beneficially owned by them with
each other and Messrs. Hellman and Friedman, which individuals ultimately
control the voting and disposition of such shares. Each of Redwood Partners,
Investors, L.P. and Investors, Inc. share power to vote and power to dispose of
the 84,012 shares of Common Stock beneficially owned by them with each other and
with Messrs. Hellman and Friedman, which individuals ultimately control the
voting and disposition of such shares. Messrs. Hellman and Friedman share power
to vote and power to dispose of the 4,044,030 shares of Common Stock
beneficially owned by them with each other and the various other Reporting
Persons. Mr. Hellman has sole voting and dispositive power over 11,999 shares
of Common Stock that he has a presently exercisable option to purchase, and Mr.
Friedman has sole voting and dispositive power over 3,333 shares of Common Stock
that he has a presently exercisable option to purchase.
(2) Percentage totals do not foot due to rounding.
</TABLE>
(Page 24 of 33 pages)
<PAGE>
(c) Other than the conversion described in Item 1, to the best knowledge
of the Reporting Persons, no person described in paragraph (a) of this Item 5
has effected any other transactions in the Common Stock of the Company during
the past 60 days.
(d) To the best knowledge of the Reporting Persons, no person other than
the Reporting Persons has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, Common Stock of the
Company.
(e) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Item 6 of the Statement is amended to read in its entirety as follows:
THE PURCHASE AGREEMENT.
The Purchase Agreement provides that so long as the holders of the
Series C own Voting Securities (defined to include Common Stock) in an amount
representing at least 7% of the voting power of the Company, the Company shall
use its best efforts to cause two designees of such holders to become nominated
for election by the stockholders as members of the Board and shall vote all
shares for which the Company's management or Board hold proxies in favor of such
designees. If such persons own Voting Securities in an amount representing at
least 5% but less than 7% of the Voting Power of the Company, then the Company
shall use its best efforts to cause one designee of such persons to be elected
as described in the preceding sentence. At present, both Mr. Hellman and Mr.
Friedman are directors of the Company.
The Purchase Agreement also imposes certain restrictions on the
disposition of Voting Securities held by the Reporting Persons.
The Purchase Agreement was amended on September 19, 1988 by the
Amendment and Exchange Agreement of such date (Exhibit 7(5)), on September 20,
1988 by the Second Amendment and Exchange Agreement dated as of such date
(Exhibit 7(7)), and on September 30, 1988 by the Third Amendment Agreement
(Exhibit 7(12)).
The first two amendments were entered to adjust certain provisions of
the Series C no longer applicable. The Third Amendment provided that APC
Partners would enjoy the same rights under the Purchase Agreement as Capital
Partners and Capital Partners International.
REGISTRATION RIGHTS AGREEMENT.
Capital Partners, Capital Partners International and the Company are
parties to a Registration Rights Agreement
(Page 25 of 33 pages)
<PAGE>
(Exhibit 7(3)), as amended (see Exhibits 7(6), 7(8) and 7(17)) giving Capital
Partners and Capital Partners International the right to require the Company to
register for sale to the public shares of the Company's Common Stock (or other
series of preferred stock) acquired by Capital Partners or Capital Partners
International upon conversion of the Series C. The Registration Rights
Agreement also grants certain incidental ("piggyback") registration rights in
the event the Company proposes to register any securities under the Securities
Act of 1933 on Forms S-1, S-2 or S-3.
Any descriptions of the Purchase Agreement and Registration Rights
Agreement and the amendments thereto are qualified in their entirety by the
complete texts of such documents (including exhibits thereto), copies of which
are attached hereto as Exhibits.
AGREEMENTS RELATED TO TRANSFERS.
In connection with the sale of 500,000 shares of Series C to APC
Partners on September 30, 1988 and the acquisition of 31,028 shares of Series C
and 2,068 shares of Common Stock by Redwood Partners on December 31, 1991 (the
latter transaction effected pursuant to the Asset Transfer Agreement attached as
Exhibit 7(17)), the Company and certain Group members entered into the letter
agreement attached as Exhibit 7(13) and the Transfer and Consent Agreement
attached as Exhibit 7(18). The purpose of these two agreements was to provide
to APC Partners and Redwood Partners the same rights under the Purchase
Agreement and Registration Rights Agreement as were afforded originally to
Capital Partners and Capital Partners International.
In addition to the above described agreements, Capital Partners,
Capital Partners International and APC Partners have entered into an agreement
to share pro rata any volume limitation in connection with a sale or other
disposition of shares of the Series C imposed by Rule 144(e)(3)(vi). Capital
Partners and APC Partners have also entered an agreement pursuant to which
Capital Partners and APC Partners agree to make parallel decisions with respect
to the sale of any shares of Series C so that the sale of any such shares shall
be made by each of Capital Partners and APC Partners pro rata in accordance with
the number of shares of Series C held by each of them. The agreements referred
to in this paragraph are attached hereto as Exhibits 7(14) and 7(15),
respectively.
Item 7. EXHIBITS.
Item 7 of the Statement is amended to read in its entirety as follows:
(Page 26 of 33 pages)
<PAGE>
Exhibit No. Description of Exhibit
----------- ----------------------
Exhibit 7(1) Agreement with respect to Schedule 13D.
Exhibit 7(2) Preferred Stock Purchase Agreement among Capital
Partners, Capital Partners International, and the
Company, dated August 3, 1988.
Exhibit 7(3) Registration Rights Agreement among Capital
Partners, Capital Partners International, and the
Company dated August 3, 1988.
Exhibit 7(4) Certificate of Designation, Preferences and Rights
of the 9% Series C Cumulative Convertible
Preferred Stock of American President Companies,
Ltd.
Exhibit 7(5) Amendment and Exchange Agreement
Exhibit 7(6) First Amendment to Registration Rights Agreement
Exhibit 7(7) Second Amendment and Exchange Agreement
Exhibit 7(8) Second Amendment to Registration Rights Agreement
Exhibit 7(9) Certificate of Designation, Preferences and Rights
of the 9% Series C Cumulative Convertible
Preferred Stock of American President Companies,
Ltd. dated September 20, 1988.
Exhibit 7(16) Further Agreement with
respect to Schedule 13D
Exhibit 7(17) Asset Transfer Agreement
Exhibit 7(18) Transfer and Consent Agreement
(Page 27 of 33 pages)
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
HELLMAN & FRIEDMAN CAPITAL
MANAGEMENT, INC.
Dated: __________, 1995 By:________________________________
Its: ______________________________
(Page 28 of 33 pages)
<PAGE>
SCHEDULE 1
HELLMAN & FRIEDMAN CAPITAL MANAGEMENT, INC. ("MANAGEMENT, INC.")
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
Present Principal
Name and Address(1) Title Principal Occupation Business and Address
------------------- ----- -------------------- --------------------
<S> <C> <C> <C>
F. Warren Hellman Director and Partner, Investment
One Maritime Plaza President Hellman & Friedman One Maritime Plaza
12th Floor Management, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Tully M. Friedman Director, Partner, Investment
One Maritime Plaza Vice President and Hellman & Friedman One Maritime Plaza
12th Floor Treasurer 12th Floor
San Francisco, CA 94111 Management, Inc. San Francisco, CA 94111
Matthew R. Barger Vice President Partner, Investment
One Maritime Plaza Management, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John M. Pasquesi Vice President and Partner, Investment
One Maritime Plaza Secretary Hellman & Friedman One Maritime Plaza
12th Floor Management, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John L. Bunce, Jr. Vice President Partner, Investment
One Maritime Plaza Management, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Marco W. Hellman Vice President Partner, Investment
One Maritime Plaza Management, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Mitchell R. Cohen Vice President Partner, Investment
One Maritime Plaza Management, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Georgia Lee Vice President Partner, Investment
One Maritime Plaza Management, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
____________________
<FN>
1 Each of Messrs. F. Warren Hellman, Friedman, Barger, Pasquesi, Bunce, Marco
W. Hellman, Cohen and Ms. Lee are United States Citizens.
</TABLE>
<PAGE>
SCHEDULE 2
H&F INVESTMENT CAPITAL INTERNATIONAL, INC. ("H&F INVESTMENT")
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
Present Principal
Name and Address(1) Title Principal Occupation Business and Address
------------------- ----- -------------------- --------------------
<S> <C> <C> <C>
F. Warren Hellman Director and Partner, Investment
One Maritime Plaza President Hellman & Friedman One Maritime Plaza
12th Floor H&F Investment 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Tully M. Friedman Director, Partner, Investment
One Maritime Plaza Vice President and Hellman & Friedman One Maritime Plaza
12th Floor Treasurer 12th Floor
San Francisco, CA 94111 H&F Investment San Francisco, CA 94111
Matthew R. Barger Vice President Partner, Investment
One Maritime Plaza H&F Investment Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John M. Pasquesi Vice President and Partner, Investment
One Maritime Plaza Secretary Hellman & Friedman One Maritime Plaza
12th Floor H&F Investment 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Tortola Corp. Co. Ltd.(2) Vice President Not applicable Nominee Company
Wickhams Cay H&F Investment Wickhams Cay
Road Town Road Town
Tortola Tortola
British Virgin Islands British Virgin Islands
Mitchell R. Cohen Vice President Partner, Investment
One Maritime Plaza H&F Investment Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Georgia Lee Vice President Partner, Investment
One Maritime Plaza H&F Investment Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
____________________
<FN>
1 Each of Messrs. F. Warren Hellman, Friedman, Barger, Pasquesi, Cohen and Ms.
Lee are United States Citizens.
2 This Corporation serves as an officer of H&F Investment.
</TABLE>
<PAGE>
SCHEDULE 3
H&F CAPITAL MANAGEMENT INTERNATIONAL, INC. ("MANAGEMENT INTERNATIONAL, INC.")
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
Present Principal
Name and Address(1) Title Principal Occupation Business and Address
------------------- ----- -------------------- --------------------
<S> <C> <C> <C>
F. Warren Hellman Director and Partner, Investment
One Maritime Plaza President Hellman & Friedman One Maritime Plaza
12th Floor Management 12th Floor
San Francisco, CA 94111 International, Inc. San Francisco, CA 94111
Tully M. Friedman Director, Partner, Investment
One Maritime Plaza Vice President and Hellman & Friedman One Maritime Plaza
12th Floor Treasurer 12th Floor
San Francisco, CA 94111 Management San Francisco, CA 94111
International, Inc.
Matthew R. Barger Vice President Partner, Investment
One Maritime Plaza Management Hellman & Friedman One Maritime Plaza
12th Floor International, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John M. Pasquesi Vice President and Partner, Investment
One Maritime Plaza Secretary Hellman & Friedman One Maritime Plaza
12th Floor Management 12th Floor
San Francisco, CA 94111 International, Inc. San Francisco, CA 94111
John L. Bunce, Jr. Vice President Partner, Investment
One Maritime Plaza Management Hellman & Friedman One Maritime Plaza
12th Floor International, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Marco W. Hellman Vice President Partner, Investment
One Maritime Plaza Management Hellman & Friedman One Maritime Plaza
12th Floor International, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Mitchell R. Cohen Vice President Partner, Investment
One Maritime Plaza Management Hellman & Friedman One Maritime Plaza
12th Floor International, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Georgia Lee Vice President Partner, Investment
One Maritime Plaza Management Hellman & Friedman One Maritime Plaza
12th Floor International, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
____________________
<FN>
1 Each of Messrs. F. Warren Hellman, Friedman, Barger, Pasquesi, Bunce, Marco
W. Hellman, Cohen and Ms. Lee are United States Citizens.
</TABLE>
<PAGE>
SCHEDULE 4
APC ADMINISTRATORS, INC. ("APC ADMINISTRATORS")
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
Present Principal
Name and Address(1) Title Principal Occupation Business and Address
------------------- ----- -------------------- --------------------
<S> <C> <C> <C>
F. Warren Hellman Director and Partner, Investment
One Maritime Plaza President Hellman & Friedman One Maritime Plaza
12th Floor APC Administrators 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Tully M. Friedman Director, Partner, Investment
One Maritime Plaza Vice President and Hellman & Friedman One Maritime Plaza
12th Floor Treasurer 12th Floor
San Francisco, CA 94111 APC Administrators San Francisco, CA 94111
Matthew R. Barger Vice President Partner, Investment
One Maritime Plaza APC Administrators Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John M. Pasquesi Vice President and Partner, Investment
One Maritime Plaza Secretary Hellman & Friedman One Maritime Plaza
12th Floor APC Administrators 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Marco W. Hellman Vice President Partner, Investment
One Maritime Plaza APC Administrators Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Mitchell R. Cohen Vice President Partner, Investment
One Maritime Plaza APC Administrators Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Georgia Lee Vice President Partner, Investment
One Maritime Plaza APC Administrators Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
____________________
<FN>
1 Each of Messrs. F. Warren Hellman, Friedman, Barger, Pasquesi, Bunce, Marco
W. Hellman, Cohen and Ms. Lee are United States Citizens.
</TABLE>
<PAGE>
SCHEDULE 5
H&F REDWOOD INVESTORS, INC. ("INVESTORS, INC.")
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
Present Principal
Name and Address(1) Title Principal Occupation Business and Address
------------------- ----- -------------------- --------------------
<S> <C> <C> <C>
F. Warren Hellman Director and Partner, Investment
One Maritime Plaza President Hellman & Friedman One Maritime Plaza
12th Floor Investors, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Tully M. Friedman Director, Partner, Investment
One Maritime Plaza Vice President and Hellman & Friedman One Maritime Plaza
12th Floor Treasurer 12th Floor
San Francisco, CA 94111 Investors, Inc. San Francisco, CA 94111
Matthew R. Barger Vice President Partner, Investment
One Maritime Plaza Investors, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John M. Pasquesi Vice President and Partner, Investment
One Maritime Plaza Secretary Hellman & Friedman One Maritime Plaza
12th Floor Investors, Inc. 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
John L. Bunce, Jr. Vice President Partner, Investment
One Maritime Plaza Investors, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Marco W. Hellman Vice President Partner, Investment
One Maritime Plaza Investors, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Mitchell R. Cohen Vice President Partner, Investment
One Maritime Plaza Investors, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
Georgia Lee Vice President Partner, Investment
One Maritime Plaza Investors, Inc. Hellman & Friedman One Maritime Plaza
12th Floor 12th Floor
San Francisco, CA 94111 San Francisco, CA 94111
____________________
<FN>
1 Each of Messrs. F. Warren Hellman, Friedman, Barger, Pasquesi, Bunce, Marco
W. Hellman, Cohen and Ms. Lee are United States Citizens.
</TABLE>
