------------------------------
OMB APPROVAL
------------------------------
OMB Number
Expires:
Estimated average burden
hours per response ....... 0.5
------------------------------
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).
================================================================================
1. Name and Address of Reporting Person*
Black Conrad M.
(See Schedule I for additional reporting persons)
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
c/o Hollinger International Inc.
401 North Wabash, Suite 740
- --------------------------------------------------------------------------------
(Street)
Chicago IL 60611
- --------------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Issuer Name and Ticker or Trading Symbol
Hollinger International Inc. (HLR)
================================================================================
3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
================================================================================
4. Statement for Month/Year
May 1999
================================================================================
5. If Amendment, Date of Original (Month/Year)
================================================================================
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Chairman and Chief Executive Officer
================================================================================
7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form filed by one Reporting Person
[ X ] Form filed by more than one Reporting Person
================================================================================
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
================================================================================
<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)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</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
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<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)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Series II See 5/13/99 J See See Immed. Class A See See See I See
Exchangeable Non- Note Note Note Common Note Note Note Notes
voting Preference (1) (1) (2) Stock (2) (1) (2) (2)
Shares of and (7)
Hollinger Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Series D Preferred See 5/13/99 J See 134,126 Immed. Class A 962,275 See 0 I See
Stock of Hollinger Note Note Common Note Notes
International Inc. (3) (4) Stock (4) (5)
and (7)
- ------------------------------------------------------------------------------------------------------------------------------------
Series E Preferred See 5/13/99 J See 134,126 Immed. Class A 962,275 See 134,126 I See
Stock of Hollinger Note Note Common Note Notes
International Inc. (6) (4) Stock (4) (5)
and (7)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Explanation of Responses: See attached Schedule II.
**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 is
insufficient, see Instruction 6 for procedure.
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.
Hollinger Inc.
By: /s/ Charles G. Cowan June 3, 1999
- ------------------------------------ -----------------
**Signature of Reporting Person Date
Charles G. Cowan
Vice-President and Secretary
Page 2
SEC 1474 (7-97)
<PAGE>
**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 is
insufficient, see Instruction 6 for procedure.
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.
The Ravelston Corporation Limited
By: /s/ Charles G. Cowan June 3, 1999
- ------------------------------------ -----------------
**Signature of Reporting Person Date
Charles G. Cowan
Vice-President and Secretary
Page 3
SEC 1474 (7-97)
<PAGE>
**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 is
insufficient, see Instruction 6 for procedure.
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.
/s/ Barbara Amiel Black June 3, 1999
- ----------------------------------- ----------------
**Signature of Reporting Person Date
Barbara Amiel Black
Page 4
SEC 1474 (7-97)
<PAGE>
**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 is
insufficient, see Instruction 6 for procedure.
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.
/s/ Conrad M. Black June 3, 1999
- --------------------------------------- ----------------
**Signature of Reporting Person Date
The Hon. Conrad M. Black, P.C., O.C.
Page 5
SEC 1474 (7-97)
</TABLE>
<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 6
<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 2,453,982 Series II Preference Shares, creating a call
equivalent position with respect to 1,128,831 shares of the Issuer's
Class A Common Stock, and The Ravelston Corporation Limited owned
102,000 Series II Preference Shares, creating a call equivalent
position with respect to 46,920 shares of the Issuer's Class A Common
Stock. Hollinger Corporation is
Page 7
<PAGE>
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 8
