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UNITED STATES 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).
(Print of Type Responses)
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1. Name and Address of Reporting Person*
Black Conrad M.
(See Schedule I for additional reporting persons)
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(Last) (First) (Middle)
c/o Hollinger International Inc.
401 North Wabash, Suite 740
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(Street)
Chicago IL 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 Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Year
May 1999
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5. If Amendment, Date of Original (Month/Year)
June 3, 1999
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Chairman and Chief Executive Officer
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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 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) (Month/Day/Year) 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 9
<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 II See Note 5/13/99 J See Immed. Class A See See See I See
Exchangeable (1) See Note Common Note Note Note Notes
Nonvoting Note (2) Stock (2) (1) (2) (2) and
Preference (1) (7)
Shares of
Hollinger Inc.
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Series D See Note 5/13/99 J 134,126 Immed. Class A 962,275 See 0 I See
Preferred Stock (3) See Common Note Notes
of Hollinger Note Stock (4) (5) and
International Inc. (4) (7)
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Series E See Note 5/13/99 J 134,126 Immed. Class A 962,275 See 134,126 I See
Preferred Stock (6) See Common Note Notes
of Hollinger Note Stock (4) (5) and
International Inc. (4) (7)
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</TABLE>
Explanation of Responses: See attached Schedule II.
Page 2 of 9
<PAGE>
Hollinger Inc.
By: /s/ Charles G. Cowan June 15, 1999
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**Signature of Reporting Person Date
Charles G. Cowan
Vice-President and Secretary
** 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.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 3 of 9
<PAGE>
The Ravelston Corporation Limited
By: /s/ Charles G. Cowan June 15, 1999
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**Signature of Reporting Person Date
Charles G. Cowan
Vice-President and Secretary
** 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.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 4 of 9
<PAGE>
/s/ Barbara Amiel Black June 15, 1999
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**Signature of Reporting Person Date
Barbara Amiel Black
** 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.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 5 of 9
<PAGE>
/s/ Conrad M. Black June 15, 1999
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date
The Hon. Conrad M. Black, P.C., O.C.
** 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.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 6 of 9
<PAGE>
SCHEDULE I
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 or Trading Symbol:
Hollinger International Inc./HLR
Statement for Month/Year
May 1999
Additional Reporting Persons:
Barbara Amiel Black
c/o Hollinger International Inc.
401 North Wabash Avenue
Chicago, Illinois 60611
Relationship to Issuer: Director, Officer and 10% Owner
The Ravelston Corporation Limited
c/o Hollinger International Inc.
401 North Wabash, Suite 740
Chicago, Illinois 60611
Relationship to Issuer: 10% Owner
Hollinger Inc.
c/o Hollinger International Inc.
401 North Wabash Avenue
Chicago, Illinois 60611
Relationship to Issuer: 10% Owner
Page 7 of 9
<PAGE>
SCHEDULE II
Notes to Form 4
Name and Address of Reporting Person:
Conrad M. Black, et al.
c/o Hollinger International Inc.
401 North Wabash, Suite 740
Chicago, Illinois 60611
Issuer Name and Ticker or Trading Symbol:
Hollinger International Inc./HLR
Statement for Month/Year
May 1999
Explanations:
(1) Beginning on May 13, 1999, each Series II Exchangeable
Non-Voting Preference Share of Hollinger Inc. (a
"Series II Preference Share") became exchangeable, at
the option of the holder, for 0.46 (subject to
adjustment) of a share of Class A Common Stock of
Hollinger International Inc. (the "Issuer") (subject to
a cash redemption option available to Hollinger Inc.)
and entitled its holder to receive a dividend equal to
the Canadian dollar equivalent of the amount of any
dividend on 0.46 of a Class A Common Share of the
Issuer (less any U.S. withholding tax thereon payable
by Hollinger Inc. or any subsidiary thereof). The
Series II Preference Shares were originally issued in
1997 and 1998 in exchange for Equity Units of Hollinger
Inc. and for Series I Non-Voting Preference Shares of
Hollinger Inc., respectively, at a stated value of
$10.00 per share.
(2) As of May 13, 1999, Hollinger Inc. had outstanding
25,000,000 Series II Preference Shares that were
exchangeable for Class A Common Stock of the Issuer at
a fixed exchange rate as described in Note 1. As a
result of the transaction described in Note 1,
Hollinger Inc. had a put equivalent position with
respect to 11,500,000 shares of Class A Common Stock of
the Issuer. As of May 13, 1999, Conrad M. Black
directly owned 1,611,039 Series II Preference Shares
that were exchangeable for Class A Common Stock of the
Issuer, creating a call equivalent position with
respect to 741,077 shares of the Issuer's Class A
Common Stock, and The Ravelston Corporation Limited
owned 66,963 Series II Preference Shares that were
exchangeable for Class A Common Stock of the Issuer,
Page 8 of 9
<PAGE>
creating a call equivalent position with respect to
30,802 shares of the Issuer's Class A Common Stock.
Hollinger Corporation is effectively controlled by The
Ravelston Corporation Limited, which is indirectly
controlled by Conrad M. Black.
(3) The conversion price of the Series D Preferred Stock was initially
based upon the Canadian Dollar equivalent of U.S.$14.00 per share
of Class A Common Stock, subject to adjustment in certain
circumstances.
(4) On May 13, 1999, the Issuer issued one share of Series E
Redeemable Convertible Preferred Stock ("Series E Preferred
Stock") in exchange for each outstanding share of its Series D
Preferred Stock.
(5) Owned by 504468 N.B. Inc., a wholly owned subsidiary of Hollinger
Inc.
(6) The shares of Series E Preferred Stock are convertible
into shares of Class A Common Stock of the Issuer at
the Canadian Dollar Equivalent of the Conversion Price.
For purposes of this conversion, each share of Series E
Preferred Stock is taken at Cdn.$146.625. The
"Conversion Price" is initially U.S. $14.00 per share
of Class A Common Stock, and the "Canadian Dollar
Equivalent" of the Conversion Price on any particular
day is the Conversion Price expressed in Canadian
currency based on the noon buying rate in New York
City. The Conversion Price is subject to adjustment
under certain circumstances.
(7) Barbara Amiel Black disclaims beneficial ownership of securities
held directly or indirectly by her spouse, Conrad M. Black, and
this report shall not be deemed an admission that Barbara Amiel
Black is a beneficial owner of such securities for purposes of
Section 16 or for any other purpose.
Page 9 of 9
