-----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, CUCYKg1U1pO+H8fdCcU6zHYt0wcmk6MPuhqJef3dlVBmDFHHITILSwmCoThZfNWe pmt2m+a/R/QfiIW7zpxHdg== 0000040545-98-000001.txt : 19980113 0000040545-98-000001.hdr.sgml : 19980113 ACCESSION NUMBER: 0000040545-98-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980112 FILED AS OF DATE: 19980112 SROS: BSE SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAINE WEBBER GROUP INC CENTRAL INDEX KEY: 0000075754 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 132760086 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 001-07367 FILM NUMBER: 98504851 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127132000 FORMER COMPANY: FORMER CONFORMED NAME: PAINE WEBBER INC DATE OF NAME CHANGE: 19840523 COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CO CENTRAL INDEX KEY: 0000040545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] OWNER IRS NUMBER: 140689340 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 3135 EASTON TURNPIKE STREET 2: C/O BANK OF NEW YORK CITY: FAIRFIELD STATE: CT ZIP: 06431 BUSINESS PHONE: 2033732816 MAIL ADDRESS: STREET 1: 3135 EASTON TURNPIKE CITY: FAIRFIELD STATE: CT ZIP: 06431 4 1 FORM 4 / / Check this box if no longer subject to Section 16. Form 4 or Form 5 obligation 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 1. Name and Address of Reporting Person General Electric Company 2. Issuer Name and Ticker or Trading Symbol Paine Webber Group Inc. (PWJ) 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year December 1997 5. If Amendment, Date of Original (Month/Year) n/a 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( X ) 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
1. Title of Security 2. Trans- 3. Trans- 4. Securities 5. Amount of 6. Ownership 7. Nature of (Instr. 3) action action Acquired (A) or Secur- Form: Indirect Date Code Disposed of (D) ities Direct (D) Beneficial (Month/ (Instr. (Instr. 3, 4 Benefici- or Ownership Day/ 8) and 5) ally Indirect (Instr. 4) Year) Owned at (I) ----------- ----------------- End of (Instr. 4) Month (Instr. 3 and 4) Code Amount (A) Price or (D) Common Stock 12/4/97 P 8,273,600 A $12.0867 31,523,600 I Owned by direct and indirect wholly owned subsidiaries
Reminder: Report on a separate line for each class of securities benefically owned directly or indirectly. Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative 2. Conversion 3. Transaction 4. Transaction 5. Number of 6. Date Security or Exercise Date Code Derivative Exercisable (Instr. 3) Price of (Month/ (Instr. 8) Securities and Derivative Day/Year) Acquired (A) Expiration Security or Disposed Date of (D) (Month/ (Instr. 3, 4, Day/Year) and 5) ---------------- ---------------- ----------------------- Code (A) (D) Date Expira- Exer- tion cisable Date Convertible Preferred Stock $12.0867 12/4/97 C 1,000,000 12/16/94 See Note 1
Table II (continued)
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership Form of 11. Nature of Indirect Underlying Securities Security (Instr. 5) Securities Beneficially Derivative Security Beneficial Ownership Owned at End of Month Direct (D) or Indirect (I) (Instr. 4) (Instr. 4) (Instr. 4) - ---------------------------- Title Amount or Number of Shares Common Stock 8,273,600 See Note 1 0 n/a n/a
Explanation of Responses: Note 1: On December 4, 1997, General Electric Capital Corporation ("GECC"), an indirect wholly owned subsidiary of the reporting person, exercised its right to convert the 1,000,000 shares of Paine Webber Convertible Preferred Stock ("Preferred Stock") owned by GECC into shares of Common Stock. The 1,000,000 shares of Preferred Stock were convertible into 8,273,600 shares of Common Stock. The Preferred Stock was acquired by GECC on 12/16/94 pursuant to an Asset Purchase Agreement among the reporting person, Paine Webber Group Inc., and Kidder, Peabody Group, Inc. Pursuant to the terms of the Preferred Stock, convertibility would have expired in connection with notice of redemption by the issuer, which notice was not given. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /S/ ROBERT E. .HEALING **Signature of Reporting Person Date 1/12/98 Robert E. Healing on behalf of General Electric Company -----END PRIVACY-ENHANCED MESSAGE-----