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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*
Kamehameha Activities Association
567 South King Street
Honolulu, HI 96813
Estate of Bernice Pauahi Bishop
567 South King Street
Honolulu, HI 96813
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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 21,975,421* D (as to all shares I (as to the beneficial ownership of all
$.01 per share* held by Kamehameha shares in respect of the Estate of
Activities Bernice Pauahi Bishop)
Association)
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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 Kamehameha Activities Association ("KAA", which
is wholly owned by the Estate of Bernice Pauahi Bishop), the Trustees of
the Estate of Bernice Pauahi Bishop (the "Bishop Estate") and The Goldman
Sachs Group, Inc. ("GS, Inc."), each of KAA and the Bishop Estate 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, KAA and the Bishop Estate 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 KAA
nor the Bishop Estate is a party. Sumitomo Bank Capital Markets, Inc.
("SBCM") and The Sumitomo Bank, Limited ("Sumitomo") are also parties to a
Voting Agreement dated as of April 30, 1999 (the "SBCM Voting Agreement"),
among SBCM (which is wholly owned by Sumitomo), Sumitomo and GS, Inc.,
under which SBCM and Sumitomo may be deemed to have shared voting power
with the managing directors of GS, Inc for the 21,425,052 shares of Common
Stock which they beneficially own which are subject to the SBCM Voting
Agreement. Accordingly, pursuant to the Voting Agreement, the Shareholders'
Agreement and the SBCM Voting Agreement, KAA and the Bishop Estate may be
deemed to have acquired shared voting power with respect to the Common
Stock of GS, Inc. subject to these agreements; however, KAA and the Bishop
Estate disclaim beneficial ownership or shared voting power with respect to
the Common Stock of GS, Inc. subject to the Shareholders' Agreement or the
SBCM Voting Agreement.
</TABLE>
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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>
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</TABLE>
Explanation of Responses:
/s/ Wallace G. K. Chin May 17, 1999
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**Signature of Reporting Person Date
(signing on behalf of Kamehameha Activities Association)
/s/ Nathan T. K. Aipa May 17, 1999
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**Signature of Reporting Person Date
(signing on behalf of the Estate of Bernice Pauahi Bishop)
** 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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