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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 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*
Kamehameha Activities Association
567 South King Street
Honolulu, HI 96813
Estate of Bernice Pauahi Bishop
567 South King Street
Honolulu, HI 96813
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
The Goldman Sachs Group, Inc. (NYSE: GS)
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
8/00
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by one Reporting Person
[X] Form filed by more than one Reporting Person
________________________________________________________________________________
<PAGE>
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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>
Common Stock, par value $.01 per
share ("Common Stock") (1) 8/1/00 S(2) 10,987,711 D $97.00(2) 10,987,710 D (as to I (as to
all shares beneficial
held by ownership
Kamehameha of all
Activities shares in
Association) respect
of the
Estate of
Bernice
Pauahi
Bishop)
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</TABLE>
Reminder: Report on a separate line for each class of securities benenfically
owned directly or indirectly.
* If the Form is filed by more than one Reporting Person, see
Instruction 4(b)(v).
<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>
10.
9. Owner-
Number ship
of Form
2. Deriv- 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>
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</TABLE>
Explanation of Responses:
(1) 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 of the shares of 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 a party to a Shareholders' Agreement dated May 7,
1999 (the "Shareholders' Agreement") in respect of the 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 "SBMC 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 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.
(2) On August 1, 2000, in connection with the sale by KAA of shares of Common
Stock in a registered underwritten public offering, KAA entered into three
underwriting agreements with the underwriters listed therein. Pursuant to
the underwriting agreements, KAA agreed to sell an aggregate of 10,987,711
shares of Common Stock to the underwriters, at $97.00 per share, for
settlement on August 7, 2000. The shares were subsequently sold to the
public at $99.75 per share.
/s/ Wallace G. K. Chin September 7, 2000
---------------------------------------- -----------------
** Signature of Reporting Person (on Date
behalf of Kamehameha Activities
Association
/s/ Eric Yeaman September 7, 2000
---------------------------------------- -----------------
** Signature of Reporting Person (on Date
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.
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