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FORM 4 OMB APPROVAL
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[ ] Check this box if no longer OMB Number: 3235-0287
subject to Section 16. Form 4 Expires: December 31, 2000
or Form 5 obligations may Estimated average burden
continue. See Instruction 1(b). hours per response . . .0.5
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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
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Castle John K.
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(Last) (First) (Middle)
c/o Castle Harlan, Inc.
158 E. 58th Street
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(Street)
New York NY 10155
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Universal Compression Holdings, Inc. (UCO)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
5/00
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5. If Amendment, Date of Original (Month/Year)
5/00
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ X ] Director
[ ] 10% Owner
[ ] Officer (give title below)
[ X ] Other (specify below)
See Note 1
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of
Date Code (Instr. 3, 4 and 5) Benefi- Form: Indirect
(Instr. cially Direct Bene-
8) Owned at (D) or ficial
End of Indirect Owner-
Month (I) ship
(Instr. 3 (Instr. 4) (Instr.
and 4) 4)
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(Month/ Code V Amount (A) or Price
Day/ (D)
Year)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock, par value 5/30/00 J(1) 136,364 A $22.00/ 3,200,929 I (2)
$.01 per share ("Common share
Stock")
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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)
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</TABLE>
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
(Instr. 3) sion or action action Derivative cisable and of Underlying of
Exercise Date Code Securities Expiration Securities Deri-
Price of (Month/ (Instr. Acquired Date (Month/ (Instr. 3 and vative
Deriv- Day/ 8) (A) or Day/Year) 4) Secu-
ative Year) Disposed rity
Security of (D) (Instr.
(Instr. 3, 5)
4, and 5)
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Date Expira- Amount or
Exer- tion Title Number of
cisable Date Shares
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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9. Number of 10. Ownership 11. Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Benefi- Security: Ownership
cially Direct (D) (Instr. 4)
Owned at or
End of Indirect (I)
Month (Instr. 4)
(Instr. 4)
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<C> <C> <C>
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</TABLE>
Explanation of Responses:
(1) Castle Harlan, Inc. ("CHI") received the Common Shares reported herein
from the Issuer in exchange for the termination of a management arrangement
between CHI and the Issuer.
(2) The Reporting Person is the controlling stockholder of CHI. The Reporting
Person is also the controlling stockholder of Castle Harlan Partners III,
G.P., Inc. ("CHP GP"), the general partner of Castle Harlan Associates III,
L.P. ("CH Associates"). CH Associates is the general partner of Castle Harlan
Partners III, L.P. ("CHP III") which directly owns 2,936,718 shares of
Common Stock. Additionally, CHI is the investment manager of CHP III and
certain other related investment funds. CHP III and the related investment
funds own directly 3,064,565 shares of Common Stock.
The Reporting Person is also the sole trustee under the Voting Trust
Agreements, dated as of February 20, 1998 and December 1, 1998, to which an
aggregate of 302,438 shares of Common Stock of the Issuer are subject, all of
which shares are voted by the Reporting Person.
Additionally, CHP III controls the voting of 2,174,529 shares of Common Stock
pursuant to the Voting Agreement, dated as of February 20, 1998, as amended,
among CHP III, the Issuer, Mellon Bank, N.A., as Trustee for the Bell
Atlantic Master Trust, First Union Capital Partners, Inc., DB Capital Partners
SBIC, L.P. (f/k/a BT Capital Partners, Inc.), Wilmington Trust, as Trustee for
the Du Pont Pension Trust and Brown University Third Century Fund.
All of the foregoing shares of Common Stock may be deemed to be beneficially
owned by the Reporting Person. Only the number of shares of Common Stock,
held directly by CHI, CHP GP and CH Associates, CHP III and related funds are
reported herein. The Reporting Person disclaims beneficial ownership of the
Issuer's securities reported herein for purposes of Section 16(a) under the
Securities Exchange Act of 1934, as amended, or otherwise, except as to
securities representing the Reporting Person's pro rata interest in, and
interest in the profits of, CHI, CHP GP and CH Associates, and CHP III and its
affiliates.
John K. Castle
/s/ John K. Castle 6/9/00
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**Signature of Reporting Person Date
Note 1: Pursuant to Rules 16a-1(a)(i) and 13d-3 under the Securities Exchange
Act, as amended (the "Act"), the Reporting Person may be deemed to be
a member of a group, as defined in Section 13(d) of the Act.
**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.
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