UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G*
Under the Securities Exchange Act of 1934
First Washington Realty Trust, Inc.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
CUSIP No. 337489504
(CUSIP Number)
May 22, 1998
(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)
* 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 that Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Farallon Capital Partners, L.P.
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
California
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 149,554
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
149,554
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
149,554
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
2.0 %
- ---------======================================================================
12 Type of Reporting Person*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Farallon Capital Institutional Partners, L.P.
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
California
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 136,760
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
136,760
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
136,760
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
1.8 %
- ---------======================================================================
12 Type of Reporting Person*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Farallon Capital Institutional Partners II, L.P.
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
California
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 142,003
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
142,003
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
142,003
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
1.9 %
- ---------======================================================================
12 Type of Reporting Person*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Farallon Capital Institutional Partners III, L.P.
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
Delaware
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 12,222
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
12,222
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
12,222
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
0.2 %
- ---------======================================================================
12 Type of Reporting Person*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Tinicum Partners, L.P.
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
New York
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 32,107
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
32,107
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
32,107
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
0.4 %
- ---------======================================================================
12 Type of Reporting Person*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Farallon Capital Management, L.L.C.
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
Delaware
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 18,300
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
18,300
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
18,300
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
0.2 %
- ---------======================================================================
12 Type of Reporting Person*
IA, OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Farallon Partners, L.L.C.
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
Delaware
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 472,646
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
472,646
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
472,646
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.4 %
- ---------======================================================================
12 Type of Reporting Person*
OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Enrique H. Boilini
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
Argentina
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 490,946
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
490,946
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
490,946
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.6 %
- ---------======================================================================
12 Type of Reporting Person*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
David I. Cohen
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
South Africa
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 490,946
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
490,946
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
490,946
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.6 %
- ---------======================================================================
12 Type of Reporting Person*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Joseph F. Downes
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
United States
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 490,946
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
490,946
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
490,946
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.6 %
- ---------======================================================================
12 Type of Reporting Person*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Fleur E. Fairman
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
United States
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 472,646
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
472,646
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
472,646
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.4 %
- ---------======================================================================
12 Type of Reporting Person*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Jason M. Fish
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
United States
- ----------------------=========================================================
5 Sole Voting Power
700
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 490,946
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
700
------=========================================================
8 Shared Dispositive Power
490,946
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
491,646
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.6 %
- ---------======================================================================
12 Type of Reporting Person*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Andrew B. Fremder
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
United States
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 490,946
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
490,946
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
490,946
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.6 %
- ---------======================================================================
12 Type of Reporting Person*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
William F. Mellin
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
United States
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 490,946
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
490,946
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
490,946
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.6 %
- ---------======================================================================
12 Type of Reporting Person*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Stephen L. Millham
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
United States
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 490,946
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
490,946
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
490,946
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.6 %
- ---------======================================================================
12 Type of Reporting Person*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 16 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Meridee A. Moore
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
United States
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 490,946
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
490,946
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
490,946
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.6 %
- ---------======================================================================
12 Type of Reporting Person*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 17 of 28 Pages
<PAGE>
SCHEDULE 13G
===============================
CUSIP No. 337489504
===============================
- ---------======================================================================
1 Name of Reporting Person
I.R.S. Identification No. of Above Person
Thomas F. Steyer
- ---------======================================================================
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC Use Only
- ---------======================================================================
4 Citizenship or Place of Organization
United States
- ----------------------=========================================================
5 Sole Voting Power
-0-
------=========================================================
Number of 6 Shared Voting Power
Shares
Beneficially 490,946
Owned By Each
Reporting
Person With
------=========================================================
7 Sole Dispositive Power
-0-
------=========================================================
8 Shared Dispositive Power
490,946
- ---------======================================================================
9 Aggregate Amount Beneficially Owned By Each Reporting Person
490,946
- ---------======================================================================
10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
- ---------======================================================================
11 Percent of Class Represented by Amount in Row (9)
6.6 %
- ---------======================================================================
12 Type of Reporting Person*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 18 of 28 Pages
<PAGE>
Item 1. Issuer
(a) Name of Issuer:
First Washington Realty Trust, Inc. ("Issuer")
(b) Address of Issuer's Principal Executive Offices:
4350 East-West Highway, Suite 400
Bethesda, Maryland 20814
Item 2. Identity and Background.
A. Farallon Capital Partners, L.P. ("FCP")
(a) Farallon Capital Partners, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) California
(d) Common Stock, $.01 par value (the "Shares")
(e) CUSIP # 337489504
B. Farallon Capital Institutional Partners, L.P. ("FCIP")
(a) Farallon Capital Institutional Partners, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) California
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
C. Farallon Capital Institutional Partners II, L.P. ("FCIP II")
(a) Farallon Capital Institutional Partners II, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Page 19 of 28 Pages
<PAGE>
Suite 1325
San Francisco, CA 94111
(c) California
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
D. Farallon Capital Institutional Partners III, L.P. ("FCIP III")
(a) Farallon Capital Institutional Partners III, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) Delaware.
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
E. Tinicum Partners, L.P. ("TINICUM")
(a) Tinicum Partners, L.P.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) New York
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
F. Farallon Capital Management, L.L.C. ("FCMLLC")
(a) Farallon Capital Management, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) Delaware
Page 20 of 28 Pages
<PAGE>
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
G. Farallon Partners, L.L.C. ("FPLLC")
(a) Farallon Partners, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) Delaware
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
H. Enrique H. Boilini ("Boilini")
(a) Enrique H. Boilini
(b) c/o Farallon Capital Management, L.L.C.
75 Holly Hill Lane
Greenwich, CT 06830
(c) Argentina
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
I. David I. Cohen ("Cohen")
(a) David I. Cohen
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) South Africa
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
J. Joseph F. Downes ("Downes")
(a) Joseph F. Downes
Page 21 of 28 Pages
<PAGE>
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
K. Fleur E. Fairman ("Fairman")
(a) Fleur E. Fairman
(b) 933 Park Avenue
New York, New York 10028
(c) United States
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
L. Jason M. Fish ("Fish")
(a) Jason M. Fish
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
M. Andrew B. Fremder ("Fremder")
(a) Andrew B. Fremder
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
Page 22 of 28 Pages
<PAGE>
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
N. William F. Mellin ("Mellin")
(a) William F. Mellin
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
O. Stephen L. Millham ("Millham")
(a) Stephen L. Millham
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
P. Meridee A. Moore ("Moore")
(a) Meridee A. Moore
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
Q. Thomas F. Steyer ("Steyer")
(a) Thomas F. Steyer
Page 23 of 28 Pages
<PAGE>
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza
Suite 1325
San Francisco, CA 94111
(c) United States
(d)(e)The information set forth in (d) and (e) of Item 2(A)
above is incorporated herein.
With respect to the persons or entities listed above: (i) FCP is filing
with respect to the Shares held by it; (ii) FCIP is filing with respect to the
Shares held by it: (iii) FCIP II is filing with respect to the Shares held by
it; (iv) FCIP III is filing with respect to the Shares held by it; (v) Tinicum
(collectively, with FCP, FCIP, FCIP II and FCIP III, the "Partnerships") is
filing with respect to the Shares held by it; (vi) FCMLLC is filing with respect
to the Shares held by certain accounts managed by FCMLLC (the "Managed
Accounts"1); (vii) FPLLC is filing with respect to the Shares held by each of
the Partnerships; (viii) each of Boilini, Cohen, Downes, Fremder, Mellin,
Millham, Moore and Steyer is filing with respect to the Shares held by each of
the Partnerships and the Managed Accounts; (ix) Fairman is filing with respect
to the Shares held by each of the Partnerships; and (x) Fish is filing with
respect to the Shares held by each of the Partnerships, the Managed Accounts and
the Shares held for the accounts of his minor children (FCP, FCIP, FCIP II, FCIP
III, Tinicum, FCMLLC, FPLLC, Boilini, Cohen, Downes, Fairman, Fish, Fremder,
Mellin, Millham, Moore and Steyer shall hereafter collectively be referred to as
the "Reporting Persons").
The Shares reported hereby for the Partnerships are owned directly by the
Partnerships and those reported by FCMLLC on behalf of the Managed Accounts are
owned directly by the Managed Accounts. Each of Boilini, Cohen, Downes, Fish,
Fremder, Mellin, Millham, Moore and Steyer may be deemed, as managing members of
FPLLC and FCMLLC, to be the beneficial owner of all such Shares. Each of FPLLC
and Fairman, as a managing member of FPLLC, may be deemed to be the beneficial
owner of all such Shares owned by the Partnerships. FCMLLC may be deemed to be
the beneficial owner of all such Shares owned by the Managed Accounts. Each of
FCMLLC, FPLLC, Boilini, Cohen, Downes, Fairman, Fish, Fremder, Mellin, Millham,
Moore and Steyer hereby disclaim any beneficial ownership of any such Shares.
Fish may be deemed to be the beneficial owner of the 700 Shares held for the
accounts of his minor children.
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(15 U.S.C 78o).
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C.
78c).
- ------------
1 Of the Shares reported by FCMLLC on behalf of the Managed Accounts,
18,300 Shares (equal to approximately 0.2 % of the total Shares currently
outstanding) are held by The Absolute Return Fund of The Common Fund, a
non-profit corporation whose principal address is 450 Post Road East, Westport,
Connecticut 06881.
Page 24 of 28 Pages
<PAGE>
(c) [ ] An Insurance Company as defined in Section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] An Investment Company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An Investment Adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An Employee Benefit Plan or Endowment Fund in accordance
with Section 240.13d-1(b)(ii)(F);
(g) [ ] A Parent Holding Company or Control Person in accordance
with Section 240.13d-1(b)(ii)(G); (Note: See Item 7)
(h) [ ] A Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Section 240.13d-1(c), check this box. [X]
Item 4. Ownership
(a) Amount Beneficially Owned:
The information set forth in Row 9 of the cover page hereto
for each Reporting Person is incorporated herein by reference
for each such Reporting Person.
(b) Percent of Class:
The information set forth in Row 11 of the cover page hereto
for each Reporting Person is incorporated herein by reference
for each such Reporting Person.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
The information set forth in Row 5 of the cover page
hereto for each Reporting Person is incorporated herein
by reference for each such Reporting Person.
(ii) shared power to vote or to direct the vote:
Page 25 of 28 Pages
<PAGE>
The information set forth in Row 6 of the cover page
hereto for each Reporting Person is incorporated herein
by reference for each such Reporting Person.
(iii) sole power to dispose or to direct the disposition of:
The information set forth in Row 7 of the cover page
hereto for each Reporting Person is incorporated herein
by reference for each such Reporting Person.
(iv) shared power to dispose or to direct the disposition of:
The information set forth in Row 8 of the cover page
hereto for each Reporting Person is incorporated herein
by reference for each such Reporting Person.
The Shares reported hereby for the Partnerships are owned directly by the
Partnerships and those reported by FCMLLC on behalf of the Managed Accounts are
owned directly by the Managed Accounts. Each of Boilini, Cohen, Downes, Fish,
Fremder, Mellin, Millham, Moore and Steyer may be deemed, as managing members of
FPLLC and FCMLLC, to be the beneficial owner of all such Shares. Each of FPLLC
and Fairman, as a managing member of FPLLC, may be deemed to be the beneficial
owner of all such Shares owned by the Partnerships. FCMLLC may be deemed to be
the beneficial owner of all such Shares owned by the Managed Accounts. Each of
FCMLLC, FPLLC, Boilini, Cohen, Downes, Fairman, Fish, Fremder, Mellin, Millham,
Moore and Steyer hereby disclaim any beneficial ownership of any such Shares.
Fish may be deemed to be the beneficial owner of the 700 Shares held for the
accounts of his minor children.
Item 5. Ownership of Five Percent or Less of a Class
N.A.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
N.A.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
N.A.
Item 8. Identification and Classification of Members of the Group
N.A.
Item 9. Notice of Dissolution of Group
N.A.
Page 26 of 28 Pages
<PAGE>
Item 10. 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 27 of 28 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: May 22, 1998
/s/ Joseph F. Downes
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL
PARTNERS, L.P., FARALLON CAPITAL
INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL
PARTNERS III, L.P. and TINICUM PARTNERS, L.P.
by Joseph F. Downes
Managing Member
/s/ Joseph F. Downes
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.
by Joseph F. Downes
Managing Member
/s/ Joseph F. Downes
----------------------------------------
Joseph F. Downes, individually and as
attorney-in-fact for each of Enrique H. Boilini,
David I. Cohen, Fleur E. Fairman, Jason M. Fish,
Andrew B. Fremder, William F. Mellin, Stephen L.
Millham, Meridee A. Moore and Thomas F. Steyer.
The Powers of Attorney, each executed by Boilini, Cohen, Fairman, Fish,
Fremder, Mellin, Millham, Moore and Steyer, authorizing Downes to sign and file
this Schedule 13G on each person's behalf which were filed with Amendment No. 1
to the Schedule 13D filed with the Securities and Exchange Commission on January
20, 1998, by such Reporting Persons with respect to the Units of Spiros
Development Corporation II, Inc., are hereby incorporated by reference.
Page 28 of 28 Pages
