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| FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
[_] Check this box if
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Golder, Thomas, Cressey, Rauner Fund IV, L.P.
GTCR IV, L.P.
Golder, Thoma, Cressey, Rauner, Inc.
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(Last) (First) (Middle)
c/o Golder, Thoma, Cressey, Rauner, Inc.
6100 Sears Tower
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(Street)
Chicago IL 60606
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol Esquire Communications Ltd.
(Nasdaq "ESQS")
3. IRS or Social Security Number of Reporting Person (Voluntary) 000-00-0000
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4. Statement for Month/Year June/1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
___ Director Possible x 10% Owner
___ Officer (give ___ Other (specify
title below)
below)
7. Individual of Joint/Group Filing (Check Applicable Line)
_ Form filed by One Reporting Person
x Form filed by More than One Reporting Person
TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene-
Day/ ----------------------------------------------- End of (D) or ficial
Year) Month Indirect Owner-
Code V Amount (A) or Price (Instr. 3 and 4) (I) ship
(D) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
N/A
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Responses)
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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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Series A Convertible Price of (Month/ Disposed of (D)
Preferred Stock Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
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Series A Convertible $3.00 6/17/97 C 4,387.50
Preferred Stock
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Series A Convertible $3.00 6/18/97 C 2,925.00
Preferred Stock
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Option (to Purchase $1,000 6/17/97 P 7,500
Series A Convertible
Preferred Stock)
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TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)--CONTINUED
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1. Title of Derivative 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
Security (Instr. 3) cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Secu- ficial
(Instr. ficially rity: Owner-
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Date Expira- Amount or at End (D) or (Instr.
Exer- tion Title Number of of Indi- 4)
cisable Date Shares Month rect (1)
(Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Series A Convertible
Preferred Stock Immed Common Stock 1,462,500 $1,000 D/I (1)
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Series A Convertible
Preferred Stock Immed Common Stock 975,000 $1,000 4,875,000 D/I (1)
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Option (to Purchase Series Immed 12/17/98 Series A
A Convertible Preferred Convertible 7,500(2) N/A 7,500(2) D/I (1)
Stock) Preferred Stock
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</TABLE>
Explanation of Responses:
(1) Golder, Thomas, Cressey, Rauner, Fund IV, L.P.
(the "Fund") is the direct beneficial owner of the derivative securities
reported in Table II. GTCR IV, L.P. ("GTCR IV"), a limited partnership, is the
general partner of the Fund and Golder, Thoma Cressey, Rauner, Inc. ("GTCR
Inc.") is the general partner of GTCR IV. As such, each of GTCR IV and GTCR Inc.
may be deemed to be indirect beneficial owners of such securities. GTCR IV and
GTCR Inc., expressly disclaim beneficial ownership of the shares reported in
Table II. The filing of this form shall not be deemed an admission that GTCR IV
or GTCR Inc. is, for purposes of Section 16 or otherwise, the beneficial owner
of such shares.
(2) The 7,500 shares of Series A Convertible Preferred Stock which underlie the
Option are convertible into 2,500,000 shares of Common Stock at a conversion
price of $3.00.
GOLDER, THOMA, CRESSEY, RAUNER FUND IV, L.P.
By: GTCR IV, L.P.
Its: General Partner
By: Golder, Thoma, Cressey, Rauner, Inc.
Its: General Partner
By: /s/ Joseph P. Nolan 7/10/97
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**Signature of Reporting Person Date
GTCR IV, L.P.
By: Golder, Thoma, Cressey, Rauner, Inc.
Its: General Partner
By: /s/ Joseph P. Nolan 7/10/97
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**Signature of Reporting Person Date
GOLDER, THOMA, CRESSEY, RAUNER, INC.
By: /s/ Joseph P. Nolan 7/10/97
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**Signature of Reporting Person Date
**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.
Potential persons who are to respond to the collection of information contained
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