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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(h) 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*
Kennedy, Kevin W.
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(Last) (First) (Middle)
c/o Goldman, Sachs & Co.
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
The Goldman Sachs Group, Inc.
(GS)
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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/Day/Year
April 14, 2003
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Executive Vice President - Human Capital Management
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] 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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| | | | |5. |6. | |
| | | | 4. |Amount of |Owner- | |
| | | | Securities Acquired (A) or |Securities |ship | |
| |2A. |3. | Disposed of (D) |Beneficially |Form: |7. |
|2. |Deemed |Transaction| (Instr. 3, 4 and 5) |Owned |Direct |Nature of |
|Transaction |Execution |Code | -------------------------------|Following |(D) or |Indirect |
1. |Date |Date, if |(Instr. 8) | | (A) | |Reported |Indirect |Beneficial|
Title of Security |(Month/Day/ |any(Month/|-----------| Amount | or | Price |Transactions |(I) |Ownership |
(Instr. 3) |Year) |Day/Year) | Code | V | | (D) | |(Instr. 3 & 4)|(Instr.4)|(Instr. 4)|
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Common Stock, | | | | | | | | | | |
par value $0.01 per share | 04/14/03 | | S | | 10,000 | D | $73.56 | 1,227,534 | D | |
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Common Stock | | | | | | | | | | |
par value $0.01 per share | | | | | | | | 9,077 | I | (1) |
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Common Stock | | | | | | | | | | |
par value $0.01 per share | | | (2) | V | | | | 0 | | |
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Common Stock | | | | | | | | | | |
par value $0.01 per share | | | (3) | V | | | | 58,232 | I | (4) |
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Common Stock | | | | | | | | | | |
par value $0.01 per share | | | (5) | V | | | | 20,063 | I | (4) |
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Common Stock | | | | | | | | | | |
par value $0.01 per share | | | | | | | | 48,007 | I | (4) |
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Common Stock | | | | | | | | | | |
par value $0.01 per share | | | (6) | V | | | | 93,761 | I | (4) |
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Common Stock | | | | | | | | | | |
par value $0.01 per share | | | (7) | V | | | | 79,937 | I | (4) |
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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. | |
|2. | | | | | | | |Number |Owner-| |
|Con- | | | | | | | |of |ship | |
|ver- | |3A. | | | | | |Deriv- |of | |
|sion | |De- | |5. | |7. | |ative |Deriv-|11. |
|or | |emed| |Number of | |Title and Amount | |Secur- |ative |Nature|
|Exer- | |Exe-| |Derivative |6. |of Underlying |8. |ities |Secur-|of |
|cise | |cu- |4. |Securities |Date |Securities |Price |Bene- |ity: |In- |
|Price |3. |tion|Trans- |Acquired (A)|Exercisable and |(Instr. 3 and 4) |of |ficially |Direct|direct|
|of |Trans- |Date|action |or Disposed |Expiration Date |-----------------------|Deriv- |Owned |(D) or|Bene- |
1. |Der- |action |if |Code |of (D) |(Month/Day/Year) | |Amount |ative |Following|In- |ficial|
Title of |iva- |Date |any,|(Instr |(Instr. 3, |-----------------| |or |Secur- |Reported |direct|Owner-|
Derivative |tive |(Month/|(MM/|8) |4 and 5) |Date |Expira- | |Number |ity |Trans- |(I) |ship |
Security |Secu- |Day/ |DD/ |------ |------------|Exer- |tion | |of |(Instr. |action(s)|(Instr|(Instr|
(Instr. 3) |rity |Year) |YY) |Code |V| (A) | (D) |cisable |Date |Title |Shares |5) |(Instr.4)|4) |4) |
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| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
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Explanation of Responses:
(1): Through The Goldman Sachs Defined Contribution Plan
(2): Reflects the distribution of 47,629 shares of the Issuer's common stock
from this grantor retained annuity trust to the Reporting Person on March 26,
2003. This trust is no longer a beneficial owner of the Issuer's securities.
This distribution was exempt from Section 16 pursuant to Rule 16a-13 under the
Securities Exchange Act of 1934, as amended (the "Act").
(3): Reflects the distribution of 93,761 shares of the Issuer's common stock
from this grantor retained annuity trust to the Reporting Person on March 26,
2003. This distribution was exempt from Section 16 pursuant to Rule 16a-13 under
the Act.
(4): As trustee of grantor retained annuity trust
(5): Reflects the distribution of 32,308 shares of the Issuer's common stock
from this grantor retained annuity trust to the Reporting Person on March 26,
2003. This distribution was exempt from Section 16 pursuant to Rule 16a-13 under
the Act.
(6): On March 26, 2003, the Reporting Person donated 93,761 shares of the
Issuer's common stock to a grantor retained annuity trust of which the Reporting
Person is the sole trustee and the sole current beneficiary. This distribution
was exempt from Section 16 pursuant to Rule 16a-13 under the Act.
(7): On March 26, 2003, the Reporting Person donated 79,937 shares of the
Issuer's common stock to a grantor retained annuity trust of which the Reporting
Person is the sole trustee and the sole current beneficiary. This distribution
was exempt from Section 16 pursuant to Rule 16a-13 under the Act.
By: /s/ Edward T. Joel April 16, 2003
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**Signature of Reporting Person Date
Attorney-in-fact
** 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.
POWER OF ATTORNEY
The undersigned does hereby appoint Roger S. Begelman, Edward T. Joel,
Saskia Brookfield Martin and Susan P. Goddard (and any other employee of The
Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one
of the attorneys-in-fact) his lawful attorneys, and each of them his true and
lawful attorney, with power to act without the other, and with full power of
substitution and resubstitution, to execute for him and in his name any
Statement of Changes in Beneficial Ownership on Form 4 and any Annual Statement
of Changes in Beneficial Ownership on Form 5, or any similar or successor form,
which may be required to be filed by him with the Securities and Exchange
Commission pursuant to Section 16 of the Securities Exchange Act of 1934, as
amended and any and all instruments necessary or incidental therewith, hereby
granting unto said attorneys and each of them full power and authority to do and
perform in the name and on behalf of the undersigned, and in any and all
capacities, every act and thing whatsoever required or necessary to be done in
and about the premises, as fully and to all intents and purposes as the
undersigned might or could do in person, hereby ratifying and approving the act
of said attorneys and each of them.
This power of attorney shall not be affected by the subsequent disability
or incompetence of the principal. This power of attorney shall remain in full
force and effect until either revoked in writing by the undersigned or until
such time as the person or persons to whom power of attorney has been hereby
granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of
its affiliates.
IN WITNESS thereof the undersigned hereunto signed his name this 31st day
of January 2003.
/s/ Kevin W. Kennedy
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Kevin W. Kennedy