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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Black Conrad M.
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(Last) (First) (Middle)
c/o Hollinger International Inc.
401 North Wabash Avenue
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(Street)
Chicago, Illinois 60611
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Hollinger International Inc. - HLR
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
February 1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[ X] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of __
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Series D Convert- (1) 2/17/99 S V 196,823 Immed. Class A 1,376,816.25 $219.53(2) 134,126 I (3)
ible Redeemable Common
Preferred Stock Stock
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Employee Stock $11.63 2/12/99 A V 245,000 (4) 2/11/09 Class A 245,000 $0 490,000 D
Option Common
Stock
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Right to Purchase 110,000 I (5)
Class A Common
Stock Under 1997
Plan
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Right to Purchase 145,000 D
Class A Common
Stock Under 1994
Plan
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</TABLE>
Explanation of Responses:
See attached Schedule 1, for explanatory notes.
/s/ Conrad M. Black February 26, 1999
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**Signature of Reporting Person Date
** 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 procedures.
Alternatively, this Form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to ruke 101(b)(4) of Regulatiob S-T.
Page 2 of ___
(122797DTI)
<PAGE>
Schedule 1
Notes to Form 4
Name and Address of Reporting Person:
Conrad M. Black
c/o Hollinger International Inc.
401 North Wabash, Suite 740
Chicago, Illinois 60611
Issuer Name and Ticker of
Trading Symbol:
Hollinger International Inc.-HLR
Statement for Month/Year
February, 1999
(1) The conversion price of the Series D Preferred Stock is initially
based upon the Canadian Dollar equivalent of $14.00 per share of Class
A Common Stock, subject to adjustment in certain circumstances.
(2) The Series D Preferred Shares were sold to Hollinger International
Inc. in exchange for release of Hollinger Inc. from debt owed to
Hollinger International. The Series D Preferred Shares were valued at
Cdn. $146.625 per share, or US$219.53 per share based on the noon
buying rate in New York for cable transfers in Canadian dollars as
certified for customs purposes by the Federal Reserve Bank of New York
on February 22, 1999.
(3) Owned by 504468 N.B. Inc., a wholly owned subsidiary of Hollinger Inc.
Hollinger Inc. is effectively controlled by The Ravelston Corporation
Limited, which is indirectly controlled by Conrad M. Black.
(4) These options were granted to the reporting person under the Company's
1997 Stock Incentive Plan on 2/12/99 ("Grant Date"). 25% of the
options become exercisable on each of the first, second, third and
fourth anniversaries of the Grant Date.
(5) Owned indirectly via spouse. Reporting person disclaims beneficial
ownership of his spouse's securities.
