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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Sumitomo Bank Capital Markets, Inc.
277 Park Avenue
New York, NY 10172
The Sumitomo Bank, Limited
3-2, Marunouchi 1-chome
Chiyoda-ku, Tokyo 100-0005
Japan
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2. Date of Event Requiring Statement (Month/Day/Year)
5/7/1999
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
The Goldman Sachs Group, Inc. (GS)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ x ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form Filed by One Reporting Person
[ x ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
Common Stock, par value $.01 21,425,052* D (as to all shares I (as to the beneficial ownership of all
per share* held by Sumitomo shares in respect of The Sumitomo Bank,
Bank Capital Markets, Limited)
Inc.)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses)
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* Pursuant to the Voting Agreement dated as of April 30, 1999 (the
"Voting Agreement"), among Sumitomo Bank Capital Markets, Inc. (a wholly
owned subsidiary of Sumitomo Bank, Limited) ("SBCM"), The Sumitomo Bank,
Limited ("Sumitomo") and The Goldman Sachs Group, Inc. ("GS, Inc."), each
of SBCM and Sumitomo may be deemed to be the beneficial owner (as defined
in Rule 16a-1(a)(1) promulgated under the Securities Exchange Act of 1934,
as amended) of 277,438,706 shares of common stock, par value $.01 per
share, of GS, Inc. ("Common Stock") held by the managing directors of GS,
Inc. Under the terms of the Voting Agreement, SBCM and Sumitomo have agreed
to vote the shares they beneficially own in the same manner as the majority
of shares of Common Stock held by the managing directors of GS, Inc. These
managing directors of GS, Inc., are also party to a Shareholders' Agreement
dated May 7, 1999 (the "Shareholders' Agreement"), in respect of
277,438,706 shares of Common Stock which they beneficially own, to which
neither SBCM nor Sumitomo is a party. Kamehameha Activities Association
("KAA") and the Estate of Bernice Pauahi Bishop (the "Bishop Estate") are
also parties to a Voting Agreement dated as of April 30, 1999 (the "KAA
Voting Agreement"), among KAA (which is wholly owned by the Bishop Estate),
the Trustees of the Bishop Estate and GS, Inc., under which KAA and the
Bishop Estate may be deemed to have shared voting power with the managing
directors of GS, Inc. for the 21,975,421 shares of Common Stock which they
beneficially own which are subject to the KAA Voting Agreement.
Accordingly, pursuant to the Voting Agreement, the Shareholders' Agreement
and the KAA Voting Agreement, SBCM and Sumitomo may be deemed to have
acquired shared voting power with respect to the GS, Inc. Common Stock
subject to these agreements; however, SBCM and Sumitomo disclaim beneficial
ownership or shared voting power with respect to the Common Stock of GS,
Inc. subject to the Shareholders' Agreement or the KAA Voting Agreement.
</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 2
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Nonvoting Common Stock, ** ** Common Stock, par value 7,440,362 ** D (as to all I (as to the
par value $.01 per $.01 per share shares held beneficial
share** by Sumitomo ownership of
Bank Capital all shares in
Markets, respect of
Inc.) The Sumitomo
Bank,
Limited)
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</TABLE>
Explanation of Responses:
Natsuo Okada May 17, 1999
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**Signature of Reporting Person Date
(signing on behalf of Sumitomo Bank Capital Markets Inc.)
Ryuzo Kodama May 17, 1999
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**Signature of Reporting Person Date
(signing on behalf of Sumitomo Bank Limited)
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
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** Pursuant to a Letter Agreement between SBCM, Sumitomo and The Goldman
Sachs Group, L.P., dated March 15, 1999, as amended April 30, 1999, (the
"Letter Agreement"), the Nonvoting Common Stock is convertible into voting
Common Stock in certain events on a one-for-one share basis, as more fully set
forth in the Letter Agreement.
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