<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information To Be Included in Statements Filed
Pursuant to Rules 13d-1(b)(c), and (d) and
Amendments Thereto Filed Pursuant to 13d-2(b)1
Four Media Company
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock ($.01 par value)
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(Title of Class of Securities)
350872 10 7
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(CUSIP Number)
February 27, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
- ----------------------
1 The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
<PAGE> 2
SCHEDULE 13G
Page 2 of 11 Pages
CUSIP No. 350872 10 7
--------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
FLEMING US DISCOVERY FUND III, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 1,292,800 shares of Common Stock
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 207,200 shares of Common Stock
EACH ------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,292,800 shares of Common Stock
WITH ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
207,200 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500,000 shares of Common Stock
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.6%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
Page 3 of 11 Pages
SCHEDULE 13G
CUSIP No. 350872 10 7
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
FLEMING US DISCOVERY OFFSHORE FUND III, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
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5 SOLE VOTING POWER
NUMBER OF 207,200 shares of Common Stock
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,292,800 shares of Common Stock
EACH ------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 207,200 shares of Common Stock
WITH ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,292,800 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500,000 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.6%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
Page 4 of 11 pages
SCHEDULE 13G
CUSIP No. 350872 10 7
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
FLEMING US DISCOVERY PARTNERS, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 0 shares of Common Stock
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,500,000 shares of Common Stock
EACH ------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0 shares of Common Stock
WITH ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,500,000 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500,000 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.6%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
Page 5 of 11 Pages
SCHEDULE 13G
CUSIP No. 350872 10 7
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
FLEMING US DISCOVERY, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 1,500,000 shares of Common Stock
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,500,000 shares of Common Stock
EACH ------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,500,000 shares of Common Stock
WITH ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,500,000 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500,000 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.6%
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12 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
Page 6 of 11 Pages
SCHEDULE 13G
CUSIP No. 350872 10 7
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ROBERT FLEMING, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0 shares of Common Stock
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0 shares of Common Stock
EACH ------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0 shares of Common Stock
WITH ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500,000 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.6%
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12 TYPE OF REPORTING PERSON*
IA, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 7
Page 7 of 11 Pages
SCHEDULE 13G
CUSIP No. 350872 10 7
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ROBERT FLEMING HOLDINGS, LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
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5 SOLE VOTING POWER
NUMBER OF 0 shares of Common Stock
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0 shares of Common Stock
EACH ------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0 shares of Common Stock
WITH ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500,000 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.6%
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12 TYPE OF REPORTING PERSON*
HC, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 8
Page 8 of 11 Pages
Item 1(a). Name of Issuer:
Four Media Company
Item 1(b). Address of Issuer's Principal Executive Offices:
2813 West Alameda Avenue
Burbank, CA 91505
Item 2(a). Name of Person Filing:
The information required by this Item is set forth in Appendix 1 attached
hereto.
This statement is being filed pursuant to a Joint Filing Agreement
(attached as Exhibit 1 and incorporated herein by reference) by (i)
Fleming US Discovery Fund III, L.P. ("US Fund"), (ii) Fleming US Discovery
Offshore Fund III, L.P. ("Offshore Fund"), (iii) Fleming US Discovery
Partners, L.P. ("Fleming Partners"), the general partner of the US Fund
and a general partner of the Offshore Fund, (iv) Fleming US Discovery, LLC
("Discovery"), the general partner of Fleming Partners, (v) Robert
Fleming, Inc. ("RFI"), investment adviser to the US Fund and Offshore Fund
(collectively, the "Funds"), and (vi) Robert Fleming Holdings, Ltd.
("RFH"), the indirect parent of RFI (sometimes collectively referred to as
the "Reporting Persons").
Item 2(b). Address of Principal Business Office or, if none, Residence:
The information required by this Item is set forth in Appendix 1 attached
hereto.
Item 2(c). Citizenship:
The information required by this Item is set forth in Appendix 1 attached
hereto.
Item 2(d). Title of Class of Securities:
Common Stock.
Item 2(e). CUSIP Number:
350872 10 7
Item 3.
If this statement is filed pursuant to Rule 13d-1(c), check this box. |_|
<PAGE> 9
Item 4. Ownership:
The following information is provided as of March 27, 1998:
(a) Amount Beneficially Owned:
(i) Fleming US Discovery Fund III, L.P. is the beneficial owner of
1,500,000 shares.
(ii) Fleming US Discovery Offshore Fund III, L.P. is the beneficial
owner of 1,500,000 shares.
(iii) Fleming US Discovery Partners, L.P. is the beneficial owner of
1,500,000 shares.
(iv) Fleming US Discovery, LLC is the beneficial owner of 1,500,000
shares.
(v) Robert Fleming, Inc. is the beneficial owner of 1,500,000
shares.
(vi) Robert Fleming Holdings, Ltd. is the beneficial owner of
1,500,000 shares.
(b) Percent of Class:
13.6% for Fleming US Discovery Fund III, L.P.;
13.6% for Fleming US Discovery Offshore Fund III, L.P.;
13.6% for Fleming US Discovery Partners, L.P.;
13.6% for Fleming US Discovery, LLC;
13.6% for Robert Fleming, Inc.; and
13.6% for Robert Fleming Holdings, Ltd.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,292,800 shares for Fleming US Discovery Fund III, L.P.;
207,200 shares for Fleming US Discovery Offshore Fund III,
L.P.;
0 shares for Fleming US Discovery Partners, L.P.;
1,500,000 shares for Fleming US Discovery, LLC;
0 shares for Robert Fleming, Inc.; and
0 shares for Robert Fleming Holdings, Ltd.
(ii) shared power to vote or to direct the vote:
207,200 shares for Fleming US Discovery Fund III, L.P.;
1,292,800 shares for Fleming US Discovery Offshore Fund III,
L.P.;
1,500,000 shares for Fleming US Discovery Partners, L.P.;
<PAGE> 10
1,500,000 shares for Fleming US Discovery, LLC;
0 shares for Robert Fleming, Inc.; and
0 shares for Robert Fleming Holdings, Ltd.
(iii) sole power to dispose or to direct the disposition of:
1,292,800 shares for Fleming US Discovery Fund III, L.P.;
207,200 shares for Fleming US Discovery Offshore Fund III,
L.P.;
0 shares for Fleming US Discovery Partners, L.P.;
1,500,000 shares for Fleming US Discovery, LLC;
0 shares for Robert Fleming, Inc.; and
0 shares for Robert Fleming Holdings, Ltd.
(iv) shared power to dispose or to direct the disposition of:
207,200 shares for Fleming US Discovery Fund III, L.P.;
1,292,800 shares for Fleming US Discovery Offshore Fund III,
L.P.;
1,500,000 shares for Fleming US Discovery Partners, L.P.;
1,500,000 shares for Fleming US Discovery, LLC;
0 shares for Robert Fleming, Inc.; and
0 shares for Robert Fleming Holdings, Ltd.
Item 5. Ownership of Five Percent or Less of a Class:
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
No other person has the right to receive or the power to direct the
receipt of dividends from, or proceeds from the sale of, the securities
owned by Fleming US Discovery Fund III, L.P., Fleming US Discovery
Offshore Fund III, L.P., Fleming US Discovery Partners, L.P., Fleming US
Discovery, LLC, Robert Fleming, Inc. and Robert Fleming Holdings, Ltd.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company:
Inapplicable.
Item 8. Identification and Classification of Members of the Group:
Inapplicable.
<PAGE> 11
Page 11 of 11 Pages
Item 9. Notice of Dissolution of Group:
Inapplicable.
Item l0. Certification:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that
purpose or effect.
<PAGE> 12
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
March 27, 1998
Fleming US Discovery Fund III, L.P.
By: Fleming US Discovery Partners, L.P., its
general partner
By: Fleming US Discovery, LLC, its
general partner
By: /s/ Robert L. Burr
----------------------
Robert L. Burr, member
Fleming US Discovery Offshore Fund III, L.P.
By: Fleming US Discovery Partners, L.P., its
general partner
By: Fleming US Discovery, LLC,
its general partner
By: /s/ Robert L. Burr
----------------------
Robert L. Burr, member
Fleming US Discovery Partners, L.P.
By: Fleming US Discovery, LLC, its
general partner
By: /s/ Robert L. Burr
----------------------
Robert L. Burr, member
Fleming US Discovery, LLC
By: /s/ Robert L. Burr
----------------------
Robert L. Burr, member
Robert Fleming, Inc.
By: /s/ Arthur A. Levy
-----------------------------
Arthur A. Levy, Vice Chairman
Robert Fleming Holdings, Ltd.
By: /s/ Arthur A. Levy
------------------------------
Arthur A. Levy, Director
<PAGE> 13
JOINT FILING AGREEMENT
Pursuant to and in accordance with Rule 13d-1(k)(1) under the Securities
Exchange Act of 1934, the undersigned hereby agree to jointly file the Schedule
13G dated March 27, 1998 and any amendments thereto with respect to the
beneficial ownership by each of the undersigned of shares of common stock of
Four Media Company. Such joint filings may be executed by one or more of us on
behalf of each of the undersigned.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Executed this day of March 27, 1998.
Fleming US Discovery Fund III, L.P.
By: Fleming US Discovery Partners, L.P., its
general partner
By: Fleming US Discovery, LLC, its
general partner
By: /s/ Robert L. Burr
----------------------
Robert L. Burr, member
Fleming US Discovery Offshore Fund III, L.P.
By: Fleming US Discovery Partners, L.P., its
general partner
By: Fleming US Discovery, LLC,
its general partner
By: /s/ Robert L. Burr
----------------------
Robert L. Burr, member
Fleming US Discovery Partners, L.P.
By: Fleming US Discovery, LLC, its
general partner
By: /s/ Robert L. Burr
----------------------
Robert L. Burr, member
Fleming US Discovery, LLC
By: /s/ Robert L. Burr
----------------------
Robert L. Burr, member
Robert Fleming, Inc.
By: /s/ Arthur A. Levy
-----------------------------
Arthur A. Levy, Vice Chairman
Robert Fleming Holdings, Ltd.
By: /s/ Arthur A. Levy
-----------------------------
Arthur A. Levy, Director
<PAGE> 14
Appendix 1
ADDRESS, ORGANIZATION AND PRINCIPAL BUSINESS OF
EACH REPORTING PERSON REQUIRED BY ITEM 2(a),(b), and (c)
<TABLE>
<S> <C> <C>
NAME OF PERSON FILING OFFICE ADDRESS PLACE OF ORGANIZATION
Fleming US Discovery Fund III, L.P. 320 Park Avenue, 11th Floor Delaware limited partnership
("US Fund") New York, NY 10022
Fleming US Discovery Offshore c/o Bank of Bermuda, Ltd., Bermuda limited partnership
Fund III, L.P. 6 Front St
("Offshore Fund," with US Fund, the Hamilton HM 11 Bermuda
"Funds")
Fleming US Discovery Partners, L.P. 320 Park Avenue, 11th Floor Delaware limited partnership
("Fleming Partners") New York, NY 10022
Fleming US Discovery, LLC 320 Park Avenue, 11th Floor Delaware limited liability
New York, NY 10022 company
Robert Fleming, Inc. 320 Park Avenue, 11th Floor Delaware corporation
New York, NY 10022
Robert Fleming Holdings, Ltd. 25 Copthall Avenue United Kingdom company
London EC2B 7PQ, England
</TABLE>
