UNITED STATES 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 this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
The Goldman Sachs Group, Inc.
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(Last) (First) (Middle)
85 Broad Street
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(Street)
New York, New York 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Polo Ralph Lauren Corporation
(RL)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Year
May/2002
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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)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[ X ] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, |
or Beneficially Owned |
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| | | | |6. | |
| | | 4. |5. |Owner- | |
| | | Securities Acquired (A) or |Amount of |ship | |
| | 3. | Disposed of (D) |Securities |Form: |7. |
|2. | Transaction| (Instr. 3, 4 and 5) |Beneficially |Direct |Nature of |
|Transaction | Code | -------------------------------|Owned at End |(D) or |Indirect |
1. |Date | (Instr. 8) | | (A) | |of Month |Indirect |Beneficial|
Title of Security |(Month/Day/ | -----------| Amount | or | Price |(Instr. 3 |(I) |Ownership |
(Instr. 3) |Year) | Code | V | | (D) | |and 4) |(Instr.4)|(Instr. 4)|
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| | | | | | | | | |
Class A Common Stock | 5/13/02 | C | | 01 | A | | | 01 | 01 |
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| | | | | | | | | |
Class A Common Stock | 5/13/02 | S | | 01 | D | $25.20 | 01 | 01 | 01 |
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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).
FORM 4 (continued)
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner-| |
| | | | | | | |of |ship | |
|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) |
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Class C | | | | | | | | |Class A | | | | | |
Common Stock | 02 | 5/13/02| C | | | 01 | 02 | 02 |Common Stock |01 and 02| | 03 | 03 | 03 |
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Instruction 4(b)(v) list of other Reporting Persons:
This statement is being filed by GS Capital Partners, L.P. ("GSCP"), Bridge
Street Fund 1994, L.P. ("Bridge Street"), Stone Street Fund 1994, L.P. ("Stone
Street" and together with GSCP and Bridge Street, the "Limited Partnerships"),
Stone Street 1994, L.L.C ("Stone 1994 LLC"), GS Advisors, L.L.C. ("GS
Advisors"), Goldman, Sachs & Co. ("Goldman Sachs") and The Goldman Sachs Group,
Inc. ("GS Group", and together with GSCP, Bridge Street, Stone Street, Stone
1994 LLC, GS Advisors and Goldman Sachs, the "Reporting Persons"). The principal
business address of each of Goldman Sachs, GS Group, GSCP, Bridge Street, Stone
Street, Stone 1994 LLC and GS Advisors is 85 Broad Street, New York, New York
10004.
Explanation of Responses:
01: In connection with the Offering (as defined below), the Limited Partnerships
converted, in aggregate, 12,150,000 shares of Class C Common Stock into an equal
number of shares of Class A Common Stock. Pursuant to an underwritten public
offering, the Limited Partnerships sold 11,000,000 shares of Class A Common
Stock and an additional 1,150,000 shares of Class A Common Stock pursuant to the
underwriter's exercise of the over-allotment (the "Offering").
Accordingly, 11,475,007 shares of Class C Common Stock beneficially owned
directly by GSCP were converted into an equal number of shares of Class A Common
Stock. GSCP sold 11,475,007 shares of Class A Common Stock in the Offering.
329,729 shares of Class C Common Stock beneficially owned directly by Stone
Street were converted into an equal number of shares of Class A Common Stock.
Stone Street sold 329,729 shares of Class A Common Stock in the Offering.
345,264 shares of Class C Common Stock beneficially owned directly by Bridge
Street were converted into an equal number of shares of Class A Common Stock.
Bridge Street sold 345,264 shares of Class A Common Stock in the Offering.
Goldman Sachs beneficially owns directly and GS Group may be deemed to
beneficially own indirectly 2,291 shares of Class A Common Stock. Goldman Sachs
is an indirect wholly-owned subsidiary of GS Group. The Reporting Persons other
than GS Group and Goldman Sachs disclaim beneficial ownership of the shares of
Class A Common Stock beneficially owned directly by Goldman Sachs.
02: Shares of Class C Common Stock are convertible at any time at the option of
the holder into an equal number of shares of Class A Common Stock.
03: Goldman Sachs and GS Group may be deemed to beneficially own indirectly in
the aggregate 10,570,979 shares of Class C Common Stock through the Limited
Partnerships of which affiliates of Goldman Sachs and GS Group are the general
partner or managing general partner. Goldman Sachs is the investment manager of
GSCP. Goldman Sachs is an indirect wholly-owned subsidiary of GS Group. Goldman
Sachs and GS Group each disclaim beneficial ownership of the securities reported
herein except to the extent of their pecuniary interest therein.
GSCP beneficially owns directly and its general partner, GS Advisors, may be
deemed to beneficially own indirectly 9,983,708 shares of Class C Common Stock.
GS Advisors disclaims beneficial ownership of the securities reported herein
except to the extent of its pecuniary interest in such securities.
Bridge Street beneficially owns directly and its managing general partner, Stone
1994 LLC, may be deemed to beneficially own indirectly 300,393 shares of Class C
Common Stock. Stone 1994 LLC disclaims beneficial ownership of the securities
reported herein except to the extent of its pecuniary interest in such
securities.
Stone Street beneficially owns directly and its general partner, Stone 1994 LLC,
may be deemed to beneficially own indirectly 286,878 shares of Class C Common
Stock. Stone 1994 LLC disclaims beneficial ownership of the securities reported
herein except to the extent of its pecuniary interest in such securities.
**Signatures:
GS CAPITAL PARTNERS, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS ADVISORS, L.L.C.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
THE GOLDMAN SACHS GROUP, INC.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
BRIDGE STREET FUND 1994, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
STONE STREET FUND 1994, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
STONE STREET 1994, L.L.C.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
Date: June 10, 2002
** 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 provided is insufficient, see Instruction 6 for procedures.
Alternatively, this Form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.