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FORM 4
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|_| Check this box if no longer subject to
Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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
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1. Name and Address of Reporting Person*
Hellman F. Warren
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(Last) (First) (Middle)
One Maritime Plaza, Suite 1200
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(Street)
San Francisco CA 94111
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Young & Rubicam Inc. (YNR)
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3. IRS or Social Security Number of
Reporting Person (Voluntary)
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4. Statement for Month/Year
11/98
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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)
See
Note
X Director (1) 10% Owner
----- -----
Officer (give Other (specify
----- title below) ----- 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 Person
-----
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Table I -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
=================================================================================================================================
1. Title of 2. Transaction 3. Transaction 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of
Security Date Code (A) or Disposed of (D) Securities Form: Direct Indirect
(Instr. 3) (Month/Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Beneficial
Owned at End of Indirect (I) Ownership
----------- ------------------------ Month (Instr. 4) (Instr. 4)
(A) or (Instr. 3 and 4)
Code V Amount (D) Price
--------- --------------- ---- ----- -------- ------ ----- ---------------- ----------- -----------
Common Stock par See Note (1) See See See See See Note (1) See Note (1) See Note (1)
value $0.01 per Note Note Note Note
share (1) (1) (1) (1)
- ---------------------------------------------------------------------------------------------------------------------------------
</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 4(b)(v).
(Over)
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
=================================================================================================================================
1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriva- 6. Date Exercis-
Derivative sion or action tion tive Securities Ac- able and Expi-
Security Exer- Date Code quired (A) or Dis- ration Date
(Instr. 3) cise (Month/ (Instr. 8) posed of (D) (Month/Day/
Price of Day/ (Instr. 3, 4 and 5) Year)
Deriva- Year) ------------------
tive Se- Date Expira-
curity ------------------- Exer- tion
Code V (A) (D) cisable Date
------------ -------- ------- ---- ----- ------ ----- -------- -------
Option Shares See See See See See See See
Note Note Note Note Note Note Note
(1) (1) (1) (1) (1) (1) (1)
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
7. Title and Amount of 8. Price of 9. Number of 10. Ownership Form 11. Nature of
Underlying Securities Derivative derivative of Derivative Indirect
(Instr. 3 and 4) Security Securities Security: Direct Beneficial
(Instr. 5) Beneficially (D) or Indirect Ownership
- -------------------------- Owned at End (I) (Instr. 4)
Amount or of Month (Instr. 4)
Number of (Instr. 4)
Title Shares
- ----------- -------- --------- ------------ -------------- ----------
See Note (1) See Note (1) See Note (1) See Note (1) See Note (1) See Note (1)
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses:
Note (1)
An aggregate of 19,049,135 shares of Common Stock, and options to
purchase an aggregate of 2,530,260 shares at $7.667 (expiring 50%
in 12/01 and the remainder in 12/03) were owned by Hellman &
Friedman Capital Partners III, L.P., H&F Orchard Partners III,
L.P. and H&F International Partners III, L.P. (collectively "the
H&F Investors") as of November 24, 1998. On November 24, 1998,
the H&F Investors sold an aggregate of 6,172,487 shares of Common
Stock at $28.32. The sole general partner of the H&F Investors is
H&F Investors III ("Investors III"). The managing general partner
of Investors III is Hellman & Friedman Associates III, L.P.
("Associates III"), and the managing general partner of
Associates III is H&F Investors III, Inc. ("H&F Inc."). The sole
shareholder of H&F Inc. is The Hellman Family Revocable Trust
(the "Trust"). Mr. F. Warren Hellman is a director of H&F Inc.
and a trustee of the Trust. The investment decisions of H&F Inc.
are made by an executive committee, of which Mr. Hellman is a
member. The executive committee indirectly exercises sole voting
and investment power with respect to the shares held by HFCP III.
As a member of the executive committee, Mr. Hellman could be
deemed to beneficially own such shares, but disclaims such
beneficial ownership except to the extent of his indirect
pecuniary interest in such shares.
/s/ F. Warren Hellman 12/10/98
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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.
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SEC 1474 (7-96)
