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OMB Number: 3235-0287
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UNITED STATES 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 to 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*
The Goldman Sachs Group, L.P.
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(Last) (First) (Middle)
85 Broad Street
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(Street)
New York, NY 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Polo Ralph Lauren Corporation
(RL)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Year
August/1998
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) 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)
[ ] Form filed by One Reporting Person
[ X ] Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, |
or Beneficially Owned |
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| | | | |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>
| | | | | | | | | |
Class A Common Stock | 08/03/98 | P | | 2,000 | A | $27.25 | | 01 | 01 |
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Class A Common Stock | 08/03/98 | S | | 2,000 | D | $27.125 | 01 | 01 | 01 |
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
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FORM 4 (continued)
<TABLE>
<CAPTION>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner-| |
| | | | | | | |of |ship | |
|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>
Class C Common | | | | | | | | |Class A | | | | | |
Stock | 02 | | | | | | 02 | 02 |Common Stock |02 and 03| | 03 | 03 | 03 |
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</TABLE>
Instruction 4(b)(v) list of other Reporting Persons:
This statement is being filed by GS Capital Partners, L.P. ("GSCP"), Bridge
Street Fund 1994, L.P. ("Bridge Street"), Stone Street Fund 1994, L.P. ("Stone
Street"), Stone Street Funding Corp. ("Funding Corp."), GS Advisors, L.P. ("GS
Advisors"), Goldman, Sachs & Co. ("Goldman Sachs") and The Goldman Sachs Group,
L.P. ("GS Group", and together with GSCP, Bridge Street, Stone Street, Funding
Corp., GS Advisors and Goldman Sachs, the "Reporting Persons"). The principal
business address of each of Goldman Sachs, GS Group, GSCP, Bridge Street, Stone
Street, Funding Corp. and GS Advisors is 85 Broad Street, New York, New York
10004.
Explanation of Responses:
01: The shares of Class A Common Stock reported herein as purchased and sold
were purchased and sold and may be deemed to have been beneficially owned
directly by Goldman Sachs. Without admitting any legal obligation, Goldman Sachs
will remit appropriate profits, if any, to the Company. GS Group is the general
partner of and owns a 99% interest in Goldman Sachs. Goldman Sachs may be deemed
to own beneficially and directly and GS Group may be deemed to own beneficially
and indirectly 1,000 shares of Class A Common Stock. GS Group disclaims
beneficial ownership of the securities reported herein except to the extent of
its pecuniary interest therein. The Reporting Persons, other than GS Group and
Goldman Sachs, disclaim beneficial ownership of the securities reported herein.
02: Shares of Class C Common Stock are convertible at any time at the option of
the holder into an equal number of shares of Class A Common Stock.
03: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
in the aggregate 22,720,979 shares of Class C Common Stock through GSCP, Bridge
Street and Stone Street (collectively, the "Limited Partnerships") of which
affiliates of Goldman Sachs and GS Group are the general partner or managing
general partner. Goldman Sachs is the investment manager of GSCP. GS Group is
the general partner of and owns a 99% interest in Goldman Sachs. Goldman Sachs
and GS Group each disclaim beneficial ownership of the securities reported
herein except to the extent of their pecuniary interest therein.
GSCP may be deemed to own beneficially and directly and its general partner, GS
Advisors, may be deemed to own beneficially and indirectly 21,458,715 shares of
Class C Common Stock. GS Advisors disclaims beneficial ownership of the
securities reported herein except to the extent of its pecuniary interest in
such securities.
Bridge Street may be deemed to own beneficially and directly and its managing
general partner, Funding Corp., may be deemed to own beneficially and indirectly
645,657 shares of Class C Common Stock. Funding Corp. disclaims beneficial
ownership of the securities reported herein except to the extent of its
pecuniary interest in such securities.
Stone Street may be deemed to own beneficially and directly and its general
partner, Funding Corp., may be deemed to own beneficially and indirectly 616,607
shares of Class C Common Stock. Funding Corp. disclaims beneficial ownership of
the securities reported herein except to the extent of its pecuniary interest in
such securities.
Signatures:
GS CAPITAL PARTNERS, L.P.
By: s/ Hans-Linhard Reich
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Name: Hans-Linhard Reich
Title: Attorney-in-fact
GS ADVISORS, L.P.
By: s/ Hans-Linhard Reich
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Name: Hans-Linhard Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: s/ Hans-Linhard Reich
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Name: Hans-Linhard Reich
Title: Attorney-in-fact
THE GOLDMAN SACHS GROUP, L.P.
By: s/ Hans-Linhard Reich
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Name: Hans-Linhard Reich
Title: Attorney-in-fact
BRIDGE STREET FUND 1994, L.P.
By: s/ Hans-Linhard Reich
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Name: Hans-Linhard Reich
Title: Attorney-in-fact
STONE STREET FUND 1994, L.P.
By: s/ Hans-Linhard Reich
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Name: Hans-Linhard Reich
Title: Attorney-in-fact
STONE STREET FUNDING CORP.
By: s/ Hans-Linhard Reich
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Name: Hans-Linhard Reich
Title: Attorney-in-fact
Date: September 10, 1998
** 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.
