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FORM 4 OMB APPROVAL
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OMB NUMBER 3235-0287
|_|Check this box if no longer Expires: September 30, 1998
subject to Section 16. Form 4 Estimated average burden
or Form 5 obligations may hours per response . . . . 0.5
continue. See Instruction 1(b). -------------------------------------
U.S. 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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Feinberg Stephen
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(Last) (First) (Middle)
450 Park Avenue, 28th Floor
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(Street)
New York NY 10022
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Wherehouse Entertainment, Inc.
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3. IRS or Social Security
Number of Reporting
Person (Voluntary)
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4. Statement for
Month/Year
September/1997
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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
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Officer (give Other (specify below)
- ------ title below) -----
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7. Individual or Joint/Group Filing (Check Applicable Line)
X* Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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<PAGE>
<TABLE>
<CAPTION>
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<S> <C> <C> <C> <C> <C> <C>
----------------------------------- ---------- ------------ ----------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
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 In-
Date Code (Instr. 3,4 and 5) Beneficially Form: direct
Owned at Direct Bene-
(Instr. 8) --------------------------- End of (D) or ficial
Month Indirect Owner-
(Month/ (A)or ship
Day/ Code V Amount (D) Price
Year) (Instr. 3 (l) (Instr. 4)
and 4) (Instr. 4)
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====================================================================================================================================
Transactions by Cerberus
Partners, L.P.*
====================================================================================== =============== =============================
Common Stock 9/02/97 P 200,000 A $10.37 1,607,919* I* *
----------------------------------- -------- ------ ---- ------------- ----- -------- --------------- ------------ ---------------
----------------------------------- -------- ------ ---- ------------- ----- -------- --------------- ------------ ---------------
====================================================================================== =============== =============================
Transactions by Cerberus
International, Ltd.*
====================================================================================== =============== =============================
Common Stock 9/02/97 P 580,704 A $10.37 1,894,173* I* *
----------------------------------- -------- ------ ---- ------------- ----- -------- --------------- ------------ ---------------
----------------------------------- -------- ------ ---- ------------- ----- -------- --------------- ------------ ---------------
====================================================================================== =============== =============================
Transactions by Ultra
Cerberus Fund, Ltd.*
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Common Stock 9/02/97 P 40,000 A $10.37 150,648* I* *
- ------------------------------------ -------- ----- ---- -------------- ----- -------- --------------- ------------ ---------------
- ------------------------------------ -------- ------ ---- ------------- ----- -------- --------------- ------------ ---------------
====================================================================================== =============== ============================
Transactions by The Funds*
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Common Stock 9/02/97 P 150,000 A $10.37 3,118,760* I* *
- ------------------------------------ -------- ------ ---- ------------- ----- -------- --------------- ------------ ---------------
- ------------------------------------ -------- ------------------------------- -------- --------------- ----------------------------
====================================================================================== =============== =============================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
*If form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (7-96)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
Form 4 (continued)
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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
of 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>
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====================================================================================================================================
</TABLE>
Explanation of Responses:
* The reporting person possesses voting and investment control over all
securities of Wherehouse Entertainment, Inc. owned by Cerberus,
International, Ultra and The Funds. The reporting person's interest is
limited to the extent of his pecuniary interest, if any, in Cerberus,
International, Ultra and The Funds.
/s/ Stephen Feinberg October 7, 1997
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**Signature of Reporting Person Date
** 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 currently
valid OMB Number.