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OMB APPROVAL
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OMB NUMBER 3235-0287
EXPIRES: DECEMBER 31, 2001
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE ....... 0.5
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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
July/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>
Series A $2.50 7/13/00 S 77,273 Immed 6/12/07 Common 3,090,920 (1) 347,727 (2) (2)
Convertible (1) Stock
Preferred Stock
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Series B $4.00 7/13/00 S 22,727 Immed 6/12/07 Common 568,175 (1) 102,273 (2) (2)
Convertible (1) Stock
Preferred Stock
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</TABLE>
Explanation of Responses: (SEE ATTACHED PAGES)
(See attached pages) (See attached pages)
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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>
Form 4
Explanation of Responses
Item 1: The Goldman Sachs Group, Inc.
85 Broad Street
New York, NY 10004
Item 2: ProMedCo Management Company (NASDAQ:PMCO)
Item 4: July 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) Pursuant to the Stock Purchase Agreement, dated as of July 13, 2000,
by and among the Limited Partnerships and MTS Investors E, L.P., a
Delaware limited partnership ("MTS"), MTS purchased (i) 57,429,
15,788, 2,651 and 1,405 shares (77,273 shares in the aggregate) of
Series A Convertible Preferred Stock, par value $0.01 per share
("Series A Preferred Stock") of ProMedCo Management Company, a
Delaware corporation (the "Company"), from GS Capital III, GS
Offshore, GS Germany and Stone 2000, respectively, for $7,495,481 (or
$97.00 per share of Series A Preferred Stock) and (ii) 16,891, 4,643,
780 and 413 shares (22,727 shares in the aggregate) of the Company's
Series B Convertible Preferred Stock, par value $0.01 per share
("Series B Preferred Stock"), from GS Capital III, GS Offshore, GS
Germany and Stone 2000, respectively, for $2,204,519 (or $97.00 per
share of Series B Preferred Stock).
(2) Each of Goldman Sachs and GS Group may be deemed to own beneficially
and indirectly in the aggregate 16,465,905 shares of the Company's
Common Stock, par value $0.01 per share ("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 347,727
shares of Series A Preferred Stock and 102,273 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 12,237,360 shares of Common Stock by reason
of GS Capital III's deemed beneficial ownership of 258,429 shares of
Series A Preferred Stock and 76,008 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 3,364,200 shares of Common Stock by reason
of GS Offshore's deemed beneficial ownership of 71,045 shares of
Series A Preferred Stock and 20,896 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 564,965 shares of Common Stock by reason of
GS Germany's deemed beneficial ownership of 11,931 shares of Series A
Preferred Stock and 3,509 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 299,380 shares of Common Stock, by reason
of Stone 2000's deemed beneficial ownership of 6,322 shares of Series
A Preferred Stock and 1,860 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
-----------------------------
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
-----------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
Date: August 10, 2000
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