UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Karp, Douglas M.
466 Lexington Avenue
New York, New York 10017
2. Issuer Name and Ticker or Trading Symbol
Journal Register Company
("JRC")
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
11/30/1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
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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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $.01 par valu|05/28/|S | |122,804 |D |$17.3125 |36,335,123 |I |(1) |
e |99 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) These shares are owned by Warburg, Pincus Capital Company, L.P. ("WPCC"),
Warburg, Pincus Investors, L.P. ("Investors") or Warburg, Pincus
Capital Partners Liquidating Trust, a New York trust ("WPLT"), and are included
because of Mr.Karp's affiliation with WPCC, Investors and WPLT. By
the transaction reported herein, WPLT has sold all of its shares of Common
Stock. The principal business of WPLT is to manage the orderly liquidation
of the assets formerly held by Warburg, Pincus Capital Partners, L.P., a
Delaware limited partnership ("WPCP"), whose partnership agreement
terminated on September 30, 1997. Prior to termination of the partnership
agreement, WPCP distributed an aggregate of 122,804 shares of Common
Stock to WPLT. The trustees of WPLT are Lionel I. Pincus, John L. Vogelstein
and Stephen Distler. Mr. Karp disclaims "beneficial ownership" of these
shares within the meaning of Rule 13d-3 under the Exchange
Act.
SIGNATURE OF REPORTING PERSON
/s/ Douglas M. Karp
DATE
June 9, 1999
