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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 this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Security Capital U.S. Realty
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(Last) (First) (Middle)
69 route d'Esch
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(Street)
L-1470 Luxembourg
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
CarrAmerica Realty Corporation/CRE
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
12/97
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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)
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7. Individual or Joint/Group Filing (Check applicable line)
[X ] Form filed by one Reporting Person
[ ] 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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Common Stock 12/04/97 P 50,000 A $30.06 26,456,583 I By
Security
Capital
Holdings
S.A. (a
wholly
owned sub-
sidiary)
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Common Stock 12/09/97 P 348,500 A $30.31 26,456,583 I By
Security
Capital
Holdings
S.A. (a
wholly
owned sub-
sidiary)
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Common Stock 12/15/97 P 99,400 A $30.93 26,456,583 I By
Security
Capital
Holdings
S.A. (a
wholly
owned sub-
sidiary)
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Common Stock 12/16/97 P 250,000 A $30.93 26,456,583 I By
Security
Capital
Holdings
S.A. (a
wholly
owned sub-
sidiary)
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Common Stock 12/17/97 P 100,000 A $31.19 26,456,583 I By
Security
Capital
Holdings
S.A. (a
wholly
owned sub-
sidiary)
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Common Stock 12/23/97 P 530,120 A $31.125 26,456,583 I By
Security
Capital
Holdings
S.A. (a
wholly
owned sub-
sidiary)
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</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 of 2
<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>
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)
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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:
On December 23, 1997, at the closing pursuant to a Subscription Agreement, dated
as of December 18, 1997, by and among CarrAmerica Realty Corporation
("CarrAmerica"), Security Capital Holdings S.A. ("Holdings") and Security
Capital U.S. Realty, Holdings purchased 530,120 shares of Common Stock of
CarrAmerica for $31.125 per share directly from CarrAmerica simultaneously with
the closing of an underwritten public offering by CarrAmerica of 1,236,956
shares of Common Stock. The 530,120 shares acquired pursuant to the Subscription
Agreement represent all of the shares to be acquired pursuant to the
Subscription Agreement. Such transaction is more fully described in Amendment
No. 11 to the Schedule 13D filed by Security Capital U.S. Realty and Security
Capital Holdings S.A. on December 31, 1997. The other shares of CarrAmerica
reported herein were purchased in open market transactions on the dates, in the
amounts and for the per share prices listed on Table I above.
/s/ Jeffrey A. Cozad 1/9/98
- --------------------------------------------- -----------------------
Jeffrey A. Cozad Date
Managing Director
**Signature of Reporting Person
** 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 procedures.
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.
Page 2 of 2
(122797DTI)
