-----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, IhUB3XKOFW3QIxvnPpuwDH7VP3UWsY3hK23iq61cfUnsIB1nFoOlM4hgo0PBs/q8 F4Y9eJ/A9kIip1wmgP6EPw== 0000891836-99-000752.txt : 19991018 0000891836-99-000752.hdr.sgml : 19991018 ACCESSION NUMBER: 0000891836-99-000752 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990901 FILED AS OF DATE: 19991012 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RECOVERY ENGINEERING INC CENTRAL INDEX KEY: 0000818203 STANDARD INDUSTRIAL CLASSIFICATION: REFRIGERATION & SERVICE INDUSTRY MACHINERY [3580] IRS NUMBER: 411557115 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 000-21232 FILM NUMBER: 99727033 BUSINESS ADDRESS: STREET 1: 9300 NORTH 75TH AVENUE CITY: MINNEAPOLIS STATE: MN ZIP: 55428 BUSINESS PHONE: 6123155500 MAIL ADDRESS: STREET 1: 9300 NORTH 75TH AVENUE CITY: MINNEAPOLIS STATE: MN ZIP: 55428 COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP INC CENTRAL INDEX KEY: 0000886982 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] OWNER IRS NUMBER: 133501777 FISCAL YEAR END: 1126 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 4 1 FORM 4 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 [X] Check this 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* The Goldman Sachs Group, Inc. (as successor to The Goldman Sachs Group, L.P.)** - -------------------------------------------------------------------------------- (Last) (First) (Middle) 85 Broad Street - -------------------------------------------------------------------------------- (Street) New York, New York 10004 - -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Recovery Engineering, Inc. (REIN) ________________________________________________________________________________ 3. IRS or Social Security Number of Reporting Person (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Year September 1999 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person 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) [_] Form filed by one Reporting Person [X] Form filed by more than one Reporting Person ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
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) (Month/Day/Year) Code V (D) and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/17/99 M 4,000 A $25.82 0 I 01 - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/17/99 M 4,000 A $24.01 0 I 01 - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/17/99 M 4,000 A $5.84 0 I 02 - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/17/99 M 1,000 A $11.26 0 I 02 - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/17/99 C 1,010,001 A $14.85 0 I 03 - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/29/99 U 1,023,101 D $35.25 0 04 04 - ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== * If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). ** As of May 7, 1999, The Goldman Sachs Group, L.P. was merged with and into The Goldman Sachs Group, Inc., with The Goldman Sachs Group, Inc. as the surviving entity. Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Over) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
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) - ------------------------------------------------------------------------------------------------------------------------------------ Stock Option $25.82 9/17/99 M 4,000 10/23/98 4/23/03 Common 4,000 0 I 01 (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ Stock Option $24.01 9/17/99 M 4,000 8/3/98 2/23/03 Common 4,000 0 I 01 (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ Stock Option $5.84 9/17/99 M 4,000 4/24/97 4/24/02 Common 4,000 0 I 02 (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ Stock Option $11.26 9/17/99 M 1,000 7/19/96 7/19/01 Common 1,000 0 I 02 (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ 5% Convertible $14.85 9/29/99 C 03 3/31/97 7/19/01 Common 1,010,101 0 I 03 Notes due 2003 Stock - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Instruction 4(b)(v) list of other Reporting Persons: This statement is being filed by GS Capital Partners II, L.P. ("GSCP"), GS Capital Partners II Offshore, L.P. ("GSCP II Offshore"), GS Capital Partners II (Germany) Civil Law Partnership ("GSCP II Germany" and, together with GSCP and GSCP II Offshore, "GSCP II"), GS Advisors, L.P. ("GS Advisors"), GS Advisors II (Cayman), L.P. ("GS Advisors Cayman"), Goldman, Sachs & Co. oHG ("GS oHG"), Stone Street Fund 1996, L.P. ("Stone Street 1996"), Bridge Street Fund 1996, L.P. ("Bridge Street 1996" and, together with Stone Street 1996, the "Stone/Bridge Funds"), Stone Street Empire Corp. ("Empire Corp."), Goldman, Sachs & Co. ("Goldman Sachs") and The Goldman Sachs Group, Inc. ("GS Group" and, together with GSCP, GSCP II Offshore, GSCP II Germany, GS Advisors, GS Advisors Cayman, GS oHG, Stone Street 1996, Bridge Street 1996, Empire Corp. and Goldman Sachs, the "Reporting Persons"). The principal business address of each of Goldman Sachs, GS Group, GSCP, Stone Street 1996, Bridge Street 1996, Empire Corp. and GS Advisors is 85 Broad Street, New York, New York 10004. The principal business address of each of GSCP II Offshore and GS Advisors Cayman is c/o Maples and Calder, P.O. Box 309, Grand Cayman, Cayman Islands. The principal business address of each of GSCP II Germany and GS oHG is MesseTurm Friedrich-Ebert-Anlage 49, 60308 Frankfurt am Main, Germany. Explanation of Responses: 01: These options and the shares issued upon their exercise were granted under the Recovery Engineering, Inc. 1993 Director Stock Option Plan to a vice president of Goldman Sachs in his capacity as a director of the Issuer. That person has an agreement with GS Group pursuant to which he held the stock options for the benefit of GS Group. 02: These options and the shares issued upon their exercise were granted under the Recovery Engineering, Inc. 1993 Director Stock Option Plan to a former managing director of Goldman Sachs in his capacity as a director of the Issuer. That person has an agreement with GS Group pursuant to which he held the stock options for the benefit of GS Group. 03: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly up to 1,010,101 shares of common stock of the Issuer ("Common Stock") by reason of the ownership by GSCP II and the Stone/Bridge Funds (collectively, the "Limited Partnerships") of $15,000,000 principal amount in 5% Convertible Notes due 2003 (the "Notes"), which were converted into 1,010,101 shares of Common Stock, in the aggregate. Goldman Sachs is an indirect wholly owned subsidiary of GS Group. Affiliates of Goldman Sachs and GS Group are the general partner, managing partner or managing general partner of the Limited Partnerships. Goldman Sachs is the investment manager of GSCP II. Goldman Sachs and GS Group each disclaim beneficial ownership of the shares of Common Stock beneficially owned by the Limited Partnerships except to the extent of their pecuniary interest therein. GSCP may be deemed to own beneficially and directly, and its general partner, GS Advisors, may be deemed to own beneficially and indirectly, 633,766 shares of Common Stock by reason of the ownership by GSCP of $9,411,420 principal amount in Notes which were converted into 633,766 shares of Common Stock, in the aggregate. GS Advisors disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. GSCP II Offshore may be deemed to own beneficially and directly, and its general partner, GS Advisors Cayman, may be deemed to own beneficially and indirectly, 251,948 shares of Common Stock by reason of the ownership by GSCP III Offshore of $3,741,435 principal amount in Notes, which were converted into 251,948 shares of Common Stock, in the aggregate. GS Advisors Cayman disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. GSCP II Germany may be deemed to own beneficially and directly, and its managing partner, GS oHG, may be deemed to own beneficially and indirectly, 23,377 shares of Common Stock by reason of the ownership by GSCP II Germany of $347,145 principal amount in Notes, which were converted into 23,377 shares of Common Stock, in the aggregate. GS oHG disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. Stone Street 1996 may be deemed to own beneficially and directly, and its general partner, Empire Corp., may be deemed to own beneficially and indirectly, 60,191 shares of Common Stock by reason of the ownership by Stone Street 1996 of $893,835 principal amount in Notes, which were converted into 60,191 shares of Common Stock, in the aggregate. Empire Corp. disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. Bridge Street 1996 may be deemed to own beneficially and directly, and its managing general partner, Empire Corp., may be deemed to own beneficially and indirectly, 40,819 shares of Common Stock by reason of the ownership by Bridge Street 1996 of $606,165 principal amount in Notes, which were converted into 40,819 shares of Common Stock, in the aggregate. Empire Corp. disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. 04: The Reporting Persons tendered all of their Common Stock to Tenzing, Inc. ("Tenzing"), a direct wholly owned subsidiary of The Procter & Gamble Company, pursuant to Tenzing's offer to purchase for cash all of the outstanding shares of Common Stock. 1,010,101 shares of Common Stock were tendered by the Limited Partnerships and 13,000 shares of Common Stock were tendered by directors of the Issuer on behalf of GS Group. ***Signatures: GS CAPITAL PARTNERS II, L.P. By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact GS ADVISORS, L.P. By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact GS CAPITAL PARTNERS II OFFSHORE, L.P. By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact GS ADVISORS II (CAYMAN), L.P. By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact GS CAPITAL PARTNERS II (GERMANY) CIVIL LAW PARTNERSHIP (with limitation of liability) By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact GOLDMAN, SACHS & CO. oHG By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact GOLDMAN, SACHS & CO. By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact THE GOLDMAN SACHS GROUP, Inc. By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact STONE STREET FUND 1996, L.P. By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact BRIDGE STREET FUND 1996, L.P. By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact STONE STREET EMPIRE CORP. By: /s/ Hans L. Reich --------------------------------- Name: Hans L. Reich Title: Attorney-in-fact Date: October 12, 1999 **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. -----END PRIVACY-ENHANCED MESSAGE-----