<PAGE>
________________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
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)
August 8, 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 24 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: 1,263,996
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 1,263,996
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 2 of 24 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: 68,227
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 68,227
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 3 of 24)
<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: 653,833
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 653,833
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
e
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 4 of 24 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: 42,642
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 42,642
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 5 of 24 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: 1,263,996
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 1,263,996
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 6 of 24 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: 68,227
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 68,227
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 7 of 24 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: 653,833
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 653,833
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 8 of 24 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: 42,642
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 42,642
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): PN
_________________________________________________________________
(Page 9 of 24 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: 1,263,996
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 1,263,996
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): CO
_________________________________________________________________
(Page 10 of 24 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: 68,227
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 68,227
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): CO
_________________________________________________________________
(Page 11 of 24 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: 653,833
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 653,833
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): CO
_________________________________________________________________
(Page 12 of 24 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: 42,642
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: -0-
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 42,642
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): CO
_________________________________________________________________
(Page 13 of 24 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: 2,028,698
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: 11,999
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 2,028,698
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): IN
_________________________________________________________________
(Page 14 of 24 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: 2,028,698
Owned ___________________________________________
by
Each 9) Sole Dispositive Power: 3,333
Reporting ___________________________________________
Person
With 10) Shared Dispositive Power: 2,028,698
_________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each
Reporting Person: 2,044,030
_________________________________________________________________
12) / / Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
_________________________________________________________________
13) Percent of Class Represented by amount in Row (11):
7.0%
_________________________________________________________________
14) Type of Reporting Person (See Instructions): IN
_________________________________________________________________
(Page 15 of 24 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, February 6, 1992 and August 8,
1995 (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.
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.
(Page 16 of 24 pages)
<PAGE>
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is amended by deleting the term "Series C" the first time it
appears and inserting in lieu thereof "Series C Cumulative Convertible
Preferred Stock, par value $ 0.01 (the "Series C")".
(Page 17 of 24 pages)
<PAGE>
Item 4. PURPOSE OF TRANSACTION.
Item 4 of the Statement is amended to read in its entirety as follows:
On August 8, 1995 Capital Partners, Capital Partners International,
APC Partners and Redwood Partners agreed to sell, and sold, to the Company an
aggregate of 2,000,000 shares of Common Stock for a price of $27.00 per
share, paid by the Company in cash.
Capital Partners, Capital Partners International, APC Partners and
Redwood Partners continue to hold the remaining shares of Common Stock which
are the subject of this Schedule for investment purposes.
None of the Reporting Persons have any present intention to acquire
control over the Issuer. However, 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 18 of 24 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.
Items 5(a), (b), and (c) of the Statement are amended to read in
their entirety as follows:
(a) and (b) The aggregate number of shares and percentage of Common
Stock of the Company (based upon 29.4 million shares of Common Stock
outstanding, as reported in the Company's press release dated August 8, 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 19 of 24 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 1,263,996 4.3% -0- 1,263,996 -0- 1,263,996
Capital Management 1,263,996 4.3% -0- 1,263,996 -0- 1,263,996
Management, Inc. 1,263,996 4.3% -0- 1,263,996 -0- 1,263,996
Capital Partners
International 68,227 0.2% -0- 68,227 -0- 68,227
Capital Management
International 68,227 0.2% -0- 68,227 -0- 68,227
Management
International, Inc. 68,227 0.2% -0- 68,227 -0- 68,227
APC Partners 653,833 2.2% -0- 653,833 -0- 653,833
APC Management 653,833 2.2% -0- 653,833 -0- 653,833
APC Administrators 653,833 2.2% -0- 653,833 -0- 653,833
Redwood Partners 42,642 0.1% -0- 42,642 -0- 42,642
Investors, L.P. 42,642 0.1% -0- 42,642 -0- 42,642
Investors, Inc. 42,642 0.1% -0- 42,642 -0- 42,642
F. Warren Hellman(2) 2,044,030 7.0% 11,999 2,028,698 11,999 2,028,698
Tully M. Friedman(2) 2,044,030 7.0% 3,333 2,028,698 3,333 2,028,698
Group 2,044,030 7.0% -0- 2,028,698 -0- 2,028,698
_______________________________
<FN>
(1) Each of Capital Partners, Capital Management, and Management, Inc.
share power to vote and power to dispose of the 1,263,996 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 68,227 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 653,833 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 42,642 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 2,044,030 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 20 of 24 pages)
<PAGE>
(c) Other than the conversion previously disclosed in Amendment No. 7
to this Statement and the sale of 2,000,000 shares of Common Stock by the
Reporting Persons to the Company on August 8, 1995 and which sale is the
subject of this Amendment No. 8, 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.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Item 6 of the Statement is amended by the addition at the end
thereof of the the following:
(Page 21 of 24 pages)
<PAGE>
STOCK REPURCHASE AGREEMENT
On August 8, 1995 Capital Partners, Capital Partners International, APC
Partners, Redwood Partners and the Company entered into a Stock Repurchase
Agreement pursuant to which the Company repurchased 2,000,000 shares of
Common Stock from the partnerships (1,225,770 shares from Capital Partners,
66,193 shares from Capital Partners International, 666,667 shares from APC
Partners and 41,370 shares from Redwood Partners) at a price per share (paid
in cash) of $27.00. A copy of the Stock Repurchase Agreement is attached
hereto as Exhibit 7(19).
Item 7. EXHIBITS.
Item 7 of the Statement is amended to read in its entirety as follows:
(Page 22 of 24 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(10) Further Agreement with respect to Schedule 13D
Exhibit 7(11) Stock Purchase and Transfer Agreement
Exhibit 7(12) Third Amendment Agreement
Exhibit 7(13) Letter Agreement (Registration Rights)
Exhibit 7(14) Letter Agreement (Rule 144)
Exhibit 7(15) Letter Agreement (Disposition of Series C)
Exhibit 7(16) Further Agreement with
respect to Schedule 13D
Exhibit 7(17) Asset Transfer Agreement
Exhibit 7(18) Transfer and Consent Agreement
Exhibit 7(19) Stock Repurchase Agreement
(Page 23 of 24 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: August 9, 1995 By: /s/ Matthew R. Barger
-------------------------------
Its: Vice President
-----------------------------
(Page 24 of 24 pages)
<PAGE>
INDEX OF EXHIBITS (1)
---------------------
Exhibit 7(19) Stock Repurchase Agreement
----------
1) Exhibits 7(1) to 7(18) were previously filed on paper.
<PAGE>
EXHIBIT 7(19)
STOCK REPURCHASE AGREEMENT
THIS AGREEMENT (the "Agreement") made on August 8, 1995, by and among
AMERICAN PRESIDENT COMPANIES, LTD., a Delaware corporation ("APC"), 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"), and H&F Redwood
Partners, L.P. ("Redwood Partners") (Capital Partners, Capital Partners
International, APC Partners and Redwood Partners are collectively, the
"Sellers").
The parties hereto agree as follows:
1. PURCHASE AND SALE. Sellers agree severally to sell and do hereby sell
to APC, and APC agrees to purchase and does hereby purchase, an aggregate of
2,000,000 shares (the "Shares") of common stock, par value $.01 per share, of
APC (the "Common Stock"). Delivery of the shares of Shares and payment of the
purchase price therefor shall take place as soon as practicable after the
execution of this agreement at the offices of APC, Oakland, California (or, if
the parties so agree, at another date, time and/or place) (the "Closing"). At
the Closing, (i) Sellers shall deliver certificates representing the Shares to
APC and (ii) APC shall transfer to Sellers in immediately available funds
U.S. $54,000,000 by wire transfer to an account to be designated in writing by
Sellers. The number of Shares to be sold by each Seller and the aggregate
purchase price to be paid by APC to each Seller shall be as set forth in
Schedule I hereto.
2. REPRESENTATIONS AND WARRANTIES OF SELLER. Each Seller represents and
warrants that at the Closing: (a) the execution, delivery and performance by
such Seller of this Agreement (i) are within the partnership power and authority
of such Seller, (ii) have been duly authorized by all necessary action on the
part of Seller, (iii) do not conflict with, or result in a breach of the terms,
conditions or provisions of, or constitute a default under, the limited
partnership agreement of such of Seller or any material contract or agreement to
which such Seller is a party, and (iv) will not violate any order, writ,
injunction, decree, judgment, ruling, law, rule or other regulation of any court
or governmental authority, domestic or foreign, applicable to such Seller or its
properties; (b) this Agreement constitutes the legal, valid and binding
agreement of each Seller enforceable against such Seller in accordance with its
terms; and (c) the delivery of the Shares to APC pursuant to this Agreement will
transfer to APC legal and valid title thereto free and clear of all claims,
liens, charges or encumbrances of any kind or nature whatsoever.
3. REPRESENTATIONS AND WARRANTIES OF APC. APC represents and warrants
that at the Closing: (a) the execution, delivery and performance by APC of this
Agreement (i) are within the corporate power and authority of APC, (ii) have
been duly authorized by all necessary corporate or other action on the part of
APC, (iii) do not conflict with, or result in a breach of the terms, conditions
or provisions of, or constitute a default under, the Certificate of
Incorporation, as amended, or by-laws of APC or any material contract or
agreement to which APC is a party, and (iv) will not violate any order, writ,
injunction, decree, judgment, ruling, law, rule or regulation of any court or
governmental authority, domestic or foreign, applicable to APC or its
subsidiaries or any of their respective properties; and (b) this Agreement
constitutes a legal, valid and binding agreement of APC enforceable against it
in accordance with its terms.
4. COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original and all of which
together shall be deemed to be one and the same instrument.
<PAGE>
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the date first written above.
AMERICAN PRESIDENT COMPANIES, LTD.
By /s/ L. Dale Crandell
------------------------------------
Title Vice President
---------------------------------
HELLMAN & FRIEDMAN CAPITAL
PARTNERS, A CALIFORNIA LIMITED
PARTNERSHIP, by Hellman & Friedman
Capital Management, a California
Limited Partnership, its general
partner, by Hellman & Friedman
Capital Management, Inc., its general
partner
By /s/ John M. Pasquesi
------------------------------------
Title Vice President
---------------------------------
HELLMAN & FRIEDMAN CAPITAL
PARTNERS INTERNATIONAL (BVI), by
Hellman & Friedman Capital Management
International, a California Limited
Partnership, its managing partner, by
H & F Capital Management International,
Inc., its general partner,
By /s/ John M. Pasquesi
------------------------------------
Title Vice President
---------------------------------
APC PARTNERS, L.P., by APC
Management, L. P., its general
partner, by APC Administrators, Inc.,
its general partner
By /s/ John M. Pasquesi
------------------------------------
Title Vice President
---------------------------------
H&F REDWOOD PARTNERS, L.P., by H & F
Redwood Investors, L.P., its general
partner, by H & F Redwood Investors,
Inc., its general partner
By /s/ John M. Pasquesi
------------------------------------
Title Vice President
---------------------------------
<PAGE>
SCHEDULE I
<TABLE>
<CAPTION>
Number Aggregate
of Purchase
Name of Seller Shares Price
-------------- ------ -----
<S> <C> <C>
Hellman & Friedman Capital Partners 1,225,770 $33,095,790
Hellman & Friedman Capital Partners
International (BVI) 66,193 1,787,211
APC Partners, L.P. 666,667 18,000,009
H&F Redwood Partners, L.P. 41,370 1,116,990
------ -------
Total 2,000,000 $54,000,000
</TABLE>
