------------------------------
OMB APPROVAL
------------------------------
OMB Number 3235-0287
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
------------------------------
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 box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
________________________________________________________________________________
1. Name and Address of Reporting Person*
Hellman F. Warren
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
One Maritime Plaza, Suite 1200
- --------------------------------------------------------------------------------
(Street)
San Francisco California 94111
- --------------------------------------------------------------------------------
(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticket or Trading Symbol
Young & Rubicam Inc. (YNR)
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
11/99
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
================================================================================
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
________________________________________________________________________________
================================================================================
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
================================================================================
<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)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock,
par value $0.01 per share See Note (1) See Note (1) See Note (1) See Note (1) See Note (1) See Note (1)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, J (See Note A N/A (See
par value $0.01 per share 11/17/99 (2)) 283,910 Note 2) 283,910 I
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/98)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or 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)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option 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 6,740,220 shares of Common Stock were owned by Hellman &
Friedman Capital Partners III, L.P. ("HFCP III"), H&F Orchard Partners III, L.P.
and H&F International Partners III, L.P. (collectively, the "H&F Investors") as
of November 17, 1999 (including an aggregate of 2,530,260 shares acquired by the
H&F Investors on November 16, 1999 upon the exercise of options to purchase
shares of Common Stock at an exercise price of $7.667 per share). On November
17, 1999, the H&F Investors distributed an aggregate of 1,508,777 shares to some
of the limited partners and to individuals and entities that control the H&F
Investors. The H&F Investors currently do not beneficially own any shares of
common stock. On November 17, 1999, the H&F Investors sold an aggregate of
5,231,443 shares of Common Stock at $46.56 per share. The sole general partner
of the H&F Investors is H&F Investors III, L.P. ("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, 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 HCFP III. Note (2)
Note (2)
On November 17, 1999, Mr. Hellman received the shares of Common Stock
pursuant to the distribution by the H&F Investors described in Note 1 above.
Mr. Hellman holds his shares of common stock indirectly through the
Trust and Locust Street Group III, L.P. in which he is the general partner.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ F. Warren Hellman 12/10/99
- --------------------------------------------------------------------------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided 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.
