-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HeX7QpKlaPHkXWjYzHkD8pGwFEVehW+ACmUsqVjqnbaGOwt+H5isAQOquxI2IFA+ spcnwHpuBsLiuZIq+3aGhQ== 0001012168-99-000047.txt : 19990608 0001012168-99-000047.hdr.sgml : 19990608 ACCESSION NUMBER: 0001012168-99-000047 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990607 GROUP MEMBERS: ANDREW B. FREMDER GROUP MEMBERS: DAVID I. COHEN GROUP MEMBERS: ENRIQUE H. BOILINI GROUP MEMBERS: FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P. GROUP MEMBERS: FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P. GROUP MEMBERS: FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P. GROUP MEMBERS: FARALLON CAPITAL MANAGEMENT LLC /ADV GROUP MEMBERS: FARALLON CAPITAL PARTNERS, L.P. GROUP MEMBERS: FARALLON PARTNERS, L.L.C. GROUP MEMBERS: FLEUR E. FAIRMAN GROUP MEMBERS: JASON M. FISH GROUP MEMBERS: JOSEPH F. DOWNES GROUP MEMBERS: MERIDEE A. MOORE GROUP MEMBERS: RICHARD B. FRIED GROUP MEMBERS: STEPHEN L. MILLHAM GROUP MEMBERS: THOMAS F. STEYER GROUP MEMBERS: TINICUM PARTNERS, L.P. GROUP MEMBERS: WILLIAM F. DUHAMEL GROUP MEMBERS: WILLIAM F. MELLIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST WASHINGTON REALTY TRUST INC CENTRAL INDEX KEY: 0000926861 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 521879972 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-44285 FILM NUMBER: 99641448 BUSINESS ADDRESS: STREET 1: 4350 EAST WEST HWY - STE 400 CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 3019077800 MAIL ADDRESS: STREET 1: 4350 EAST WEST HIGHWAY SUITE 400 STREET 2: 4350 EAST WEST HIGHWAY SUITE 400 CITY: BETHESDA STATE: MD ZIP: 20814 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FARALLON CAPITAL MANAGEMENT LLC /ADV CENTRAL INDEX KEY: 0001012168 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943240279 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE MARITIME PLZ STREET 2: STE 1325 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4154212132 MAIL ADDRESS: STREET 1: ONE MARITIME PLAZA SUITE 1325 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13G 1 SCHEDULE 13G ---------------------------- OMB APPROVAL ---------------------------- OMB Number: 3235-0145 Expires: Aug. 31, 1999 Estimated average burden hours per response... 14.90 ---------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) (c), AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. ___________)1 First Washington Realty Trust, Inc. (Name of Issuer) Common Stock, par value $0.01 (Title of Class of Securities) 337489504 (CUSIP Number) April 1, 1999 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) X Rule 13d-1(c) Rule 13d-1(d) - -------------- 1 The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Partners, L.P. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 164,231 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 164,231 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 164,231 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.9% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* PN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners, L.P. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 186,818 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 186,818 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 186,818 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* PN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners II, L.P. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 138,974 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 138,974 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 138,974 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.6% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* PN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Institutional Partners III, L.P. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 16,831 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 16,831 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,831 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.2% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* PN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tinicum Partners, L.P. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 30,897 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 30,897 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 30,897 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.4% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* PN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 6 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Capital Management, L.L.C. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 25,385 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 25,385 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,385 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.3% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IA, OO - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Farallon Partners, L.L.C. - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 537,751 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 537,751 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 537,751 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.9% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* OO - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 8 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Enrique H. Boilini - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION Argentina - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,136 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 9 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) David I. Cohen - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION South Africa - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,136 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 10 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Joseph F. Downes - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,136 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 11 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Duhamel - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,136 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 12 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Fleur E. Fairman - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 537,751 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 537,751 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 537,751 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.9% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 13 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Jason M. Fish - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES 700 ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING 700 ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,836 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.2% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 14 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Andrew B. Fremder - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,136 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 15 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Richard B. Fried - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,136 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 16 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) William F. Mellin - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,136 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 17 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stephen L. Millham - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,136 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 18 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Meridee A. Moore - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,136 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 19 of 31 Pages 13G =============================== CUSIP No. 337489504 =============================== - ---------====================================================================== 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Thomas F. Steyer - ---------====================================================================== 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ---------====================================================================== 3 SEC USE ONLY - ---------====================================================================== 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------========================================================= NUMBER OF 5 SOLE VOTING POWER SHARES -0- ------========================================================= BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 563,136 [See Preliminary Note] ------========================================================= EACH 7 SOLE DISPOSITIVE POWER REPORTING -0- ------========================================================= PERSON WITH 8 SHARED DISPOSITIVE POWER 563,136 [See Preliminary Note] - ---------====================================================================== 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 563,136 [See Preliminary Note] - ---------====================================================================== 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ---------====================================================================== 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% [See Preliminary Note] - ---------====================================================================== 12 TYPE OF REPORTING PERSON* IN - ---------====================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 20 of 31 Pages Preliminary Note: FCP, FCIP, FCIP II, FCIP III, Tinicum and the Managed Account (each as defined below) own certain shares of Convertible Preferred Stock, $0.01 par value (the "Preferred Shares"), of First Washington Realty Trust, Inc. (the "Issuer"). As of May 31, 1999, the Preferred Shares are immediately convertible into shares of Common Stock, par value $0.01 (the "Shares") at a current ratio of approximately 1.28205 Shares for each Preferred Share. These entities are therefore the deemed beneficial owners of the Shares reported in this Schedule 13G. Other than 700 Shares owned beneficially by Jason Fish for the accounts for his minor children, none of the Reporting Persons, including both the entities and the individuals identified on the foregoing cover pages, directly own any Shares. Item 1. Issuer (a) Name of Issuer: First Washington Realty Trust, Inc. (b) Address of Issuer's Principal Executive Offices: 4350 East-West Highway, Suite 400, Bethesda, Maryland 20814 Item 2. Identity and Background. A. Farallon Capital Partners, L.P. ("FCP") (a) Farallon Capital Partners, L.P. (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) California (d) Common Stock, par value $0.01 (the "Shares") (e) CUSIP No. 337489504 B. Farallon Capital Institutional Partners, L.P. ("FCIP") Page 21 of 31 Pages (a) Farallon Capital Institutional Partners, L.P. (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) California (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. C. Farallon Capital Institutional Partners II, L.P. ("FCIP II") (a) Farallon Capital Institutional Partners II, L.P. (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) California (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. D. Farallon Capital Institutional Partners III, L.P. ("FCIP III") (a) Farallon Capital Institutional Partners III, L.P. (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) Delaware (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. E. Tinicum Partners, L.P. ("Tinicum") (a) Tinicum Partners, L.P. (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 Page 22 of 31 Pages San Francisco, CA 94111 (c) New York (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. F. Farallon Capital Management, L.L.C. ("FCMLLC") (a) Farallon Capital Management, L.L.C. (b) One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) Delaware (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. G. Farallon Partners, L.L.C. ("FPLLC") (a) Farallon Partners, L.L.C. (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) Delaware (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. H. Enrique H. Boilini ("Boilini") (a) Enrique H. Boilini (b) c/o Farallon Capital Management, L.L.C. 75 Holly Hill Lane Greenwich, CT 06830 (c) Argentina (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. Page 23 of 31 Pages I. David I. Cohen ("Cohen") (a) David I. Cohen (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) South Africa (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. J. Joseph F. Downes ("Downes") (a) Joseph F. Downes (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) United States (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. K. William F. Duhamel ("Duhamel") (a) William F. Duhamel (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) United States (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. L. Fleur E. Fairman ("Fairman") (a) Fleur E. Fairman (b) c/o Farallon Capital Management, L.L.C. Page 24 of 31 Pages One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) United States (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. M. Jason M. Fish ("Fish") (a) Jason M. Fish (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) United States (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. N. Andrew B. Fremder ("Fremder") (a) Andrew B. Fremder (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) United States (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. O. Richard B. Fried ("Fried") (a) Richard B. Fried (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) United States Page 25 of 31 Pages (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. P. William F. Mellin ("Mellin") (a) William F. Mellin (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) United States (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. Q. Stephen L. Millham ("Millham") (a) Stephen L. Millham (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) United States (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. R. Meridee A. Moore ("Moore") (a) Meridee A. Moore (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) United States (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. S. Thomas F. Steyer ("Steyer") Page 26 of 31 Pages (a) Thomas F. Steyer (b) c/o Farallon Capital Management, L.L.C. One Maritime Plaza Suite 1325 San Francisco, CA 94111 (c) United States (d)(e) The information set forth in (d) and (e) of Item 2(A) above is incorporated herein. With respect to the persons or entities listed above: (i) FCP is filing with respect to the Shares of which FCP is the deemed beneficial owner (through direct beneficial ownership of Preferred Shares); (ii) FCIP is filing with respect to the Shares of which FCIP is the deemed beneficial owner (through direct beneficial ownership of Preferred Shares); (iii) FCIP II is filing with respect to the Shares of which FCIP II is the deemed beneficial owner (through direct beneficial ownership of Preferred Shares); (iv) FCIP III is filing with respect to the Shares of which FCIP III is the deemed beneficial owner (through direct beneficial ownership of Preferred Shares); (v) Tinicum (collectively, with FCP, FCIP, FCIP II and FCIP III, the "Partnerships") is filing with respect to the Shares of which Tinicum is the deemed beneficial owner (through direct beneficial ownership of Preferred Shares); (vi) FCMLLC is filing with respect to the Shares of which an account managed by FCMLLC (the "Managed Account"1) is the deemed beneficial owner (through the Managed Account s direct ownership of Preferred Shares); (vii) FPLLC is filing with respect to the Shares of which each of the Partnerships is the deemed beneficial owner (through direct ownership of Preferred Shares); (viii) each of Boilini, Cohen, Downes, Duhamel, Fremder, Fried, Mellin, Millham, Moore and Steyer is filing with respect to the Shares of which each of the Partnerships and the Managed Accounts is the deemed beneficial owner (through direct ownership of Preferred Shares); (ix) Fish is filing with respect to the Shares which each of the Partnerships and the Managed Account is the deemed beneficial owner (through direct ownership of Preferred Shares) and with respect to the 700 Shares held for the accounts of his minor children; and (x) Fairman is filing with respect to the Shares of which each of the Partnerships is the beneficial ownership (FCP, FCIP, FCIP II, FCIP III, Tinicum, FCMLLC, FPLLC, Boilini, Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried, Mellin, Millham, Moore and Steyer shall collectively be referred to hereafter as the "Reporting Persons"). The Preferred Shares in respect of which each Partnership is deemed to beneficially own Shares are owned directly by each such Partnership. The Preferred Shares in respect of which FCMLLC is deemed to beneficially own Shares are owned directly by the Managed Account. FPLLC, as general partner to the Partnerships, may be deemed the beneficial owner of the Shares beneficially owned by the Partnerships. FCMLLC, as investment adviser to the Managed Account, may be deemed the beneficial owner of the Shares beneficially owned by the Managed Account. Each of Boilini, Cohen, Downes, Duhamel, Fish, Fremder, Fried, Mellin, Millham, Moore and Steyer, as managing members of FPLLC and FCMLLC, may be deemed the - -------------- 2The name and address of the Managed Account is The Absolute Return Fund of The Common Fund, a non-profit corporation, 450 Post Road East, Westport, Connecticut 06881. Page 27 of 31 Pages beneficial owner of the Shares beneficially owned by the Partnerships and the Managed Account. Fairman, as a managing member of FPLLC, may be deemed the beneficial owner of the Shares beneficially owned by the Partnerships. Each of FCMLLC, FPLLC, Boilini, Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried, Mellin, Millham, Moore and Steyer hereby disclaims any beneficial ownership of any such Shares. Fish may be deemed to be the beneficial owner of the 700 Shares held for the accounts of his minor children. Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or Dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment Company registered under Section 8 of the Investment Company Act. (e) [ ] An Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(ii)(F); (g) [ ] A Parent Holding Company or Control Person in accordance with Rule 13d-1(b)(ii)(G); (h) [ ] A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an Investment Company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [ X ] Item 4. Ownership (a) Amount Beneficially Owned: The information set forth in Row (9) of the cover page hereto for each Reporting Person is incorporated herein by reference for each such Reporting Person. (b) Percent of Class: Page 28 of 31 Pages The information set forth in Row (11) of the cover page hereto for each Reporting Person is incorporated herein by reference for each such Reporting Person. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: The information set forth in Row (5) of the cover page hereto for each Reporting Person is incorporated herein by reference for each such Reporting Person. (ii) shared power to vote or to direct the vote: The information set forth in Row (6) of the cover page hereto for each Reporting Person is incorporated herein by reference for each such Reporting Person. (iii)sole power to dispose or to direct the disposition of: The information set forth in Row (7) of the cover page hereto for each Reporting Person is incorporated herein by reference for each such Reporting Person. (iv) shared power to dispose or to direct the disposition of: The information set forth in Row 8 of the cover page hereto for each Reporting Person is incorporated herein by reference for each such Reporting Person. The Preferred Shares in respect of which each Partnership is deemed to beneficially own Shares are owned directly by each such Partnership. The Preferred Shares in respect of which FCMLLC is deemed to beneficially own Shares are owned directly by the Managed Account. FPLLC, as general partner to the Partnerships, may be deemed the beneficial owner of the Shares beneficially owned by the Partnerships. FCMLLC, as investment adviser to the Managed Account, may be deemed the beneficial owner of the Shares beneficially owned by the Managed Account. Each of Boilini, Cohen, Downes, Duhamel, Fish, Fremder, Fried, Mellin, Millham, Moore and Steyer, as managing members of FPLLC and FCMLLC, may be deemed the beneficial owner of the Shares beneficially owned by the Partnerships and the Managed Account. Fairman, as a managing member of FPLLC, may be deemed the beneficial owner of the Shares beneficially owned by the Partnerships. Each of FCMLLC, FPLLC, Boilini, Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried, Mellin, Millham, Moore and Steyer hereby disclaims any beneficial ownership of any such Shares. Fish may be deemed to be the beneficial owner of the 700 Shares held for the accounts of his minor children. Item 5. Ownership of Five Percent or Less of a Class Page 29 of 31 Pages Not Applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 30 of 31 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: June 7, 1999 /s/ Thomas F. Steyer ---------------------------------------- FARALLON PARTNERS, L.L.C., on its own behalf and as General Partner of FARALLON CAPITAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P., FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P., and TINICUM PARTNERS, L.P. by Thomas F. Steyer, Senior Managing Member /s/ Thomas F. Steyer ---------------------------------------- FARALLON CAPITAL MANAGEMENT, L.L.C. By Thomas F. Steyer, Senior Managing Member /s/ Thomas F. Steyer ---------------------------------------- Thomas F. Steyer, individually and as attorney-in-fact for each of Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F. Duhamel Fleur E. Fairman, Jason M. Fish, Andrew B. Fremder, Richard B. Fried William F. Mellin, Stephen L. Millham and Meridee A. Moore. The Powers of Attorney executed by Boilini, Cohen, Downes, Fairman, Fish, Fremder, Mellin, Millham and Moore authorizing Steyer to sign and file this Schedule 13G on each person s behalf, which were filed with Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange Commission on September 26, 1997, by such Reporting Persons with respect to the Common Stock of Sphere Drake Holdings Limited, are hereby incorporated by reference. The Powers of Attorney executed by Duhamel and Fried authorizing Steyer to sign and file this Schedule 13G on each person s behalf, which were filed with Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange Commission on January 13, 1999, by such Reporting Persons with respect to the Callable Class A Common Shares of CliniChem Development Inc., are hereby incorporated by reference. Page 31 of 31 Pages -----END PRIVACY-ENHANCED MESSAGE-----