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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
Feinberg Stephen
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(Last) (First) (Middle)
c/o Cerberus Partners, L.P.
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
May/1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X*] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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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 Persion
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
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>
TRANSACTIONS BY
CERBERUS PARTNERS,
L.P.*
Tranche A Warrant Common By part-
(right to buy) $ 2.38 5/3/99 P 16,900 Immed. 1/31/02 Stock 16,900 $10.68 16,900 I* nership*
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Tranche B Warrant Common 4,410 $ 5.00 4,410 I* By part-
(right to buy) $ 9.00 5/3/99 P 4,410 Immed. 1/31/04 Stock nership*
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Tranche C Warrant $11.00 5/3/99 P 4,410 Immed. 1/31/04 Common 4,410 $ 3.50 9,369 I* By part-
(right to buy) Stock nership*
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TRANSACTIONS BY $ 2.38 5/3/99 P 19,864 Immed. 1/31/02 Common 19,864 $10.68 19,864 I* By cor-
CERBERUS Stock poration*
INTERNATIONAL, LTD.*
Tranche A Warrant
(right to buy)
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Tranche B Warrant $ 9.00 5/3/99 P 5,200 Immed. 1/31/04 Common 5,200 $ 5.00 5,200 I* By cor-
(right to buy) Stock poration*
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Tranche C Warrant $11.00 5/3/99 P 5,200 Immed. 1/31/04 Common 5,200 $ 3.50 37,480 I* By cor-
(right to buy) Stock poration*
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TRANSACTIONS BY $ 2.38 5/3/99 P 1,590 Immed. 1/31/02 Common 1,590 $10.68 1,590 I* By cor-
ULTRA CERBERUS Stock poration*
FUND, LTD.*
Tranche A Warrant
(right to buy)
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Tranche B Warrant $ 9.00 5/3/99 P 420 Immed. 1/31/04 Common 420 $ 5.00 420 I* By cor-
(right to buy) Stock poration*
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<PAGE>
Tranche C Warrant $11.00 5/3/99 P 420 Immed. 1/31/04 Common 420 $ 3.50 7,711 I* By cor-
(right to buy) Stock poration*
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TRANSACTIONS BY 2.38 5/3/99 P 32,900 Immed. 1/31/02 Common 32,900 $10.68 32,900 I* By part-
THE FUNDS* Stock nerships
Tranche A Warrant and
(right to buy) corpora-
tions*
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Tranche B Warrant 9.00 5/3/99 P 8,547 Immed. 1/31/04 Common 8,547 5.00 8,547 I* By part-
(right to buy) Stock nerships
and
corpora-
tions*
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Tranche C Warrant 11.00 5/3/99 P 8,547 Immed. 1/31/04 Common 8,547 3.50 36,704 I* By part-
(right to buy) Stock nerships
and
corpora-
tions*
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</TABLE>
Explanation of Responses:
* Stephen Feinberg possesses sole power to vote and direct the disposition of
all securities of the Company owned by each of Cerberus, International, Ultra
and The Funds. Mr. Feinberg's interest is limited to the extent of his pecuniary
interest in Cerberus, International, Ultra and The Funds, if any.
By: /s/Stephen Feinberg June 4, 1999
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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 provided is insufficient, see Instruction 6 for procedures.
Potential persons who are to respond to the collection of information
contained in this form are not required unless the form displays a
currently valid OMB Number
