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FORM 4
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OMB APPROVAL
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OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response......0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
California Public Employees' Catellus Development Corp. (CDX) Issuer (Check all applicable)
Retirement System ---------------------------------------------- Director X 10% Owner
3. IRS or Social Security 4. Statement for ---- ---
- --------------------------------------------- Number of Reporting Month/Year Officer (give Other (Specify
(Last) (First) (Middle) Person (Voluntary) December 1997 ---- title --- below)
400 "P" Street ------------------ below)
- --------------------------------------------- 5. If Amendment,
(Street) Date of Original ------------------------------
Sacramento, California 95814 (Month/Year)
- --------------------------------------------- January 1998 7. Individual or Joint/Group Filing
(City) (State) (Zip) ------------------ (Check applicable line)
X Form Filed By One Reporting
--- Person
Form Filed By More Than One
--- Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect (I) Owner-
Year) Code V Amount (A) or Price (Instr. 4) ship
(D) (Instr. 4)
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Common Stock 12/2/97 S 18,975,000 D $17.145 18,782,250 D
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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) SEC 1474 (7-96)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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<S> <C> <C>
9. Number of 10. Ownership 11. Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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Explanation of Responses:
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
**Intentional misstatements or omissions of facts constitute Federal By: /s/ SHERYL PRESSLER
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). --------------------------------
**Signature of Reporting Person January 12, 1998
Sheryl Pressler
Chief Investment Officer,
Note: File three copies of this Form, one of which must be manually signed. California Public Employees'
If space provided is insufficient, see Instruction 6 for procedure. Retirement System
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SEC 1474 (7/96)
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