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OMB APPROVAL
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OMB Number 3235-0287
Expires: December 31, 2001
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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 to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Response)
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1. Name and Address of Reporting Person(*)
The Goldman Sachs Group, Inc.
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(Last) (First) (Middle)
85 Broad Street
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(Street)
New York NY 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
ProMedCo Management Company (NASDAQ: PMCO)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
June/2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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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) (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>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
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.
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- Form of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or 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>
Warrants to $97.00 6/12/00 C 125,000 (1)Immed 6/12/03 Common 3,125,000 (1) -0- (2) (2)
purchase Series Stock
B Convertible
Preferred Stock
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Series B (1) 6/12/00 C 125,000 (1)Immed 6/12/07 Common 3,125,000 (1) 125,000 (2) (2)
Convertible Stock
Preferred Stock
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Series A $2.50 Immed. 6/12/07 Common 17,000,000 425,000 (2) (2)
Convertible Stock
Preferred Stock
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</TABLE>
Explanation of Responses: (SEE ATTACHED PAGES)
See attached page See attached page
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(**)Signature of Reporting Person Date
By Attorney-in-fact
** 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.
<PAGE>
Item 1: The Goldman Sachs Group, Inc.
85 Broad Street
New York, NY 10004
Item 2: ProMedCo Management Company (NASDAQ:PMCO)
Item 4: June 2000
Instruction 4(b)(v) list of other Reporting Persons:
This statement is being filed by GS Capital Partners III, L.P. ("GS Capital
III"), GS Capital Partners III Offshore, L.P. ("GS Offshore"), GS Capital
Partners III Germany Civil Law Partnership ("GS Germany"), Stone Street
Fund 2000, L.P. ("Stone 2000)"; and together with GS Capital III, GS
Offshore and GS Germany, the "Limited Partnerships"), GS Advisors III,
L.L.C. ("GS Advisors"), Goldman, Sachs & Co. oHG ("GS oHG"), Stone Street
2000, L.L.C. ("Stone L.L.C."), Goldman, Sachs & Co. ("Goldman Sachs"), and
The Goldman Sachs Group, Inc. ("GS Group"; and together with GS Advisors,
GS oHG, Stone L.L.C., Goldman Sachs and the Limited Partnerships, the
"Reporting Persons"). The principal business address of each Reporting
Person (other than GS Offshore, GS Germany and GS oHG) is 85 Broad Street,
New York, NY 10004. The principal business address for GS Offshore is c/o
Maples and Calder, P.O. Box 309, Grand Cayman, Cayman Islands. The
principal business address for each of GS Germany and GS oHG is MesseTurm,
60308 Frankfurt am Main, Germany.
Explanation of Responses:
(1) On June 12, 2000, the Limited Partnerships acquired in the aggregate
125,000 shares of the Company's Series B Convertible Preferred Stock,
par value $0.01 per share (the "Series B Preferred Stock") through the
exercise of 125,000 warrants at an exercise price of $97.00 per share.
Each share of Series B Preferred Stock is convertible at any time at
the option of the holder into such number of fully paid and
nonassessable shares of the Company's Common Stock, par value $0.01
per share (the "Common Stock"), as is determined by dividing (x) the
Series B Liquidation Preference (defined below) as of the conversion
date, by (y) the Series B Conversion Price (defined below) as of the
conversion date. The initial conversion price for Series B Preferred
Stock is $4.00 per share, which is subject to adjustment as provided
in the Certificate of Designation of the Series B Preferred Stock (the
"Series B Conversion Price"). The "Series B Liquidation Preference" is
$100.00 per share (as adjusted for any stock dividends, combinations
or splits with respect to such share), plus an amount equal to all
accrued but unpaid dividends (whether or not declared) on such share.
(2) Each of Goldman Sachs and GS Group may be deemed to own beneficially
and indirectly in the aggregate 20,125,000 shares of Common Stock, all
of which shares may be deemed to be beneficially owned by the Limited
Partnerships by reason of their deemed beneficial ownership of 425,000
shares of the Company's Series A Convertible Preferred Stock, par
value $0.01 per share (the "Series A Preferred Stock") and 125,000
shares of Series B Preferred Stock. Affiliates of Goldman Sachs and GS
Group are the general partner or managing partner of the Limited
Partnerships. Goldman Sachs is the investment manager of GS Capital
III, GS Offshore and GS Germany. Goldman Sachs is an indirect wholly
owned subsidiary of GS Group. Goldman Sachs and GS Group each disclaim
beneficial ownership of the securities owned by the Limited
Partnerships except to the extent of their pecuniary interest therein.
GS Capital III may be deemed to own beneficially and directly and its
general partner, GS Advisors, may be deemed to own beneficially and
indirectly an aggregate of 14,956,795 shares of Common Stock by reason
of GS Capital III's deemed beneficial ownership of 315,858 shares of
Series A Preferred Stock and 92,899 shares of Series B Preferred
Stock. GS Advisors disclaims beneficial ownership of the securities
reported herein except to the extent of its pecuniary interest
therein.
GS Offshore may be deemed to own beneficially and directly and its
general partner, GS Advisors, may be deemed to own beneficially and
indirectly an aggregate of 4,111,795 shares of Common Stock by reason
of GS Offshore's deemed beneficial ownership of 86,833 shares of
Series A Preferred Stock and 25,539 shares of Series B Preferred
Stock. GS Advisors disclaims beneficial ownership of the securities
reported herein except to the extent of its pecuniary interest
therein.
GS Germany may be deemed to own beneficially and directly and its
managing partner, GS oHG, may be deemed to own beneficially and
indirectly an aggregate of 690,505 shares of Common Stock by reason of
GS Germany's deemed beneficial ownership of 14,582 shares of Series A
Preferred Stock and 4,289 shares of Series B Preferred Stock. GS oHG
disclaims beneficial ownership of the securities reported herein
except to the extent of its pecuniary interest therein.
Stone 2000 may be deemed to own beneficially and directly and its
general partner, Stone L.L.C., may be deemed to own beneficially and
indirectly an aggregate of 365,905 shares of Common Stock, by reason
of Stone 2000's deemed beneficial ownership of 7,727 shares of Series
A Preferred Stock and 2,273 shares of Series B Preferred Stock. Stone
L.L.C. disclaims beneficial ownership of the securities reported
herein except to the extent of its pecuniary interest therein.
<PAGE>
SIGNATURES:
GOLDMAN, SACHS & CO.
By: /s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
THE GOLDMAN SACHS GROUP, INC.
By: /s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS ADVISORS III, L.L.C.
By: /s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS CAPITAL PARTNERS III, L.P.
By: /s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS CAPITAL PARTNERS III OFFSHORE, L.P.
By: /s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS CAPITAL PARTNERS III GERMANY
CIVIL LAW PARTNERSHIP (with
limitation of liability)
By: /s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN, SACHS & CO. oHG
By: /s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
STONE STREET FUND 2000, L.P.
By: /s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
STONE STREET 2000, L.L.C.
By: /s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
Date: July 10, 2000
