FORM 4
|_| Check this box if no longer subject to
Section 16. Form 4 or Form 5 obligations
may continue. See Instructions 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
1. Name and Address of Reporting Person*
Commerzbank AG, Grand Cayman Branch
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(Last) (First) (Middle)
2 World Financial Center
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(Street)
New York, NY 10281-1050
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Security Capital Group Incorporated
SCZB
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3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Statement for Month/Year
As of February 28, 1998
------------------------------
5. If Amendment, Date of Original (Month/Year)
As of January 1, 1998
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director x 10% Owner
----- -----
Officer (give Other (specify
----- title below) ----- 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
-----
Table I -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
1. Title of 2. Transaction 3. Transaction 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of
Security Date Code (A) or Disposed of (D) Securities Form: Direct Indirect
(Instr. 3) (Month/Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Beneficial
Owned at End of Indirect (I) Ownership
----------- ------------------------ Month (Instr. 4) (Instr. 4)
(A) or (Instr. 3 and 4)
Code V Amount (D) Price
--------- --------------- ---- ----- -------- ------ ----- ---------------- ----------- -----------
Class B 2/23 P 15,000 A $30.00 6,985,200 D N/A
Common 2/23 P 5,000 A $30.125 D
Stock, par 2/27 P 1,000,000 A $30.375 D
value $0.01
per share
</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).
(Over)
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriva- 6. Date Exercis-
Derivative sion or action tion tive Securities Ac- able and Expi-
Security Exer- Date Code quired (A) or Dis- ration Date
(Instr. 3) cise (Month/ (Instr. 8) posed of (D) (Month/Day/
Price of Day/ (Instr. 3, 4 and 5) Year)
Deriva- Year) ------------------
tive Se- Date Expira-
curity ------------------- Exer- tion
Code V (A) (D) cisable Date
------------ -------- ------- ---- ----- ------ ----- -------- -------
Class A 0 2/26 P 13,408 N/A Current- None
Common ly
Stock, par
value $0.01
per share
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
7. Title and Amount of 8. Price of 9. Number of 10. Ownership Form 11. Nature of
Underlying Securities Derivative derivative of Derivative Indirect
(Instr. 3 and 4) Security Securities Security: Direct Beneficial
(Instr. 5) Beneficially (D) or Indirect Ownership
- -------------------------- Owned at End (I) (Instr. 4)
Amount or of Month (Instr. 4)
Number of (Instr. 4)
Title Shares
- ----------- -------- --------- ------------ -------------- ----------
Class B
Common Stock 670,400 $1492.50 152,408 D N/A
</TABLE>
Explanation of Responses:
As earlier reported, Commerzbank AG, Grand Cayman Branch, has
beneficial ownership of 139,000 shares of the issuer's Series A
Cumulative Convertible Redeemable Voting Preferred Stock, par
value $0.01 per share (the "Series A Preferred") (which class of
stock is not registered under the Securities Exchange Act). The
number of shares of the issuer's Class A Common Stock
beneficially owned at the end of the month reported above
includes the aggregate number of Class A shares into which such
Series A Preferred shares are convertible. Likewise, the number
of shares of the issuer's Class B Common Stock beneficially owned
at the end of the month reported above includes the aggregate
number of Class B shares into which such Series A Preferred
shares and such Class A Common Stock shares are ultimately
convertible.
Commerzbank AG, Grand
Cayman Branch March 10, 1998
--------------------- --------------
** Signature of Date
Reporting Person
By: /s/ Christine Finkel /s/ Steven A. Troyer
------------------------------------------
Name: Christine Finkel Steven A. Troyer
Title: Assistant Vice Counsel (USA)
President
** 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 is insufficient, see Instruction 6
for procedure.
Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currenly valid OMB Number.
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SEC 1474 (7-96)
