U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
Karp Douglas M.
(Last) (First) (Middle)
466 Lexington Avenue
(Street)
New York, NY 10017
(City) (State) (Zip)
2. Date of Event Requiring Statement
(Month/Day/Year)
05/07/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Journal Register Comapny / JRC
5. Relationship of Reporting Person to Issuer (Check all applicable)
/X/ Director
/X/ 10% Owner
/ / Officer (give title below)
/ / Other (specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing
/X/ Form filed by one reporting person
/ / Form filed by more than one reporting person<PAGE>
<TABLE>
Table I -- Non-Derivative Securities Beneficially Owned
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Form: Direct Ownership (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
<S> <C> <C> <C>
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Common Stock, 37,864,177 I By Warburg, Pincus Capital
$.01 par value Partners, L.P., Warburg,
Pincus Capital Company, L.P.,
and Warburg, Pincus Investors,
L.P. (1)
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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 5(b)(v).<PAGE>
FORM 3 (Continued)
<TABLE>
Table II--Derivative Security Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
<CAPTION>
1. Title of Derivative 2. Date Exer- 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of
Security (Instr. 4) cisable and Securities Underlying sion or ship Indirect
Expiration Derivative Security Exercise Form of Beneficial
Date (Instr. 4) Price of Deriv- Ownership
(Month/Day/ Deri- ative (Instr. 5)
Year) vative Security:
Security Direct
Date Expira- Title Amount (D) or
Exer- tion or Indirect
cisable Date Number (I)
of (Instr. 5)
Shares
<S> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(1) The sole general partner of each of Warburg, Pincus Capital Company,
L.P. ("WPCC"), Warburg, Pincus Capital Partners, L.P. ("WPCP") and Warburg,
Pincus Investors, L.P. ("Investors") is Warburg, Pincus & Co., a New York
general partnership ("WP"). Lionel I. Pincus is the managing partner of
WP and may be deemed to control it. E.M. Warburg, Pincus & Co., LLC, a
New York limited liability company ("EMW"), many of whose members are also
general partners of WP, manages WPCC, WPCP and Investors. WP has a 20%
interest in the profits of each of WPCC, WPCP and Investors as the general
partner. By reason of the provisions of Rule 16a-1 of the Securities
Exchange Act of 1934 (the "Exchange Act"), WP may be deemed to be the
beneficial owner of the Shares held by each of WPCC, WPCP and Investors.
WP disclaims beneficial ownership of such Shares except to the extent of
any indirect pecuniary interest therein. Mr. Karp, a director of the
Issuer, is a general partner of WP and a member of EMW. As such, Mr.
Karp may be deemed to have an indirect pecuniary interest (within the
meaning of Rule 16a-1 of the Exchange Act) in an indeterminate portion
of the Shares beneficially owned by WPCC, WPCP, Investors, EMW and WP.
Mr. Karp disclaims beneficial ownership of such Shares except to the
extent of any indirect pecuniary interest therein.
BY: /s/ Douglas M. Karp 5/7/97
** Signature of Reporting Date
Person
** 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 procedure.
