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OMB APPROVAL
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OMB Number 3235-0104
Expires: April 30, 1997
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person
Pittman Robert W.
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(Last) (First) (Middle)
Cendant Corporation 6 Sylvan Way
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(Street)
Parsippany NJ 07054
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
12/15/97
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Cendant Corporation (CD)
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5 Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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No securities owned
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned (e.g., puts,
calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 7. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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Option to Purchase 12/17/97 07/27/04 Common Stock 12,827 5.2120 D
Common Stock
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Option to Purchase 12/17/97 05/05/05 Common Stock 107,327 6.4760 D
Common Stock
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Option to Purchase 12/17/97 10/29/06 Common Stock 480,620 30.3774 D
Common Stock
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Option to Purchase 1/1/99 12/17/07 Common Stock 120,000 30.3750 D
Common Stock
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Explanation of Responses:
* Twenty percent of the aggregate number of shares subject to the option become
exercisable on January 1, 1999 and an additional twenty percent each succeeding
January 1.
/s/ Eric J. Bock 12/23/97
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**Signature of Reporting Person Date
** 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 procedure.
POWER OF ATTORNEY
For Executing Form 3
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and
appoints each of James E. Buckman, Jeanne M. Murphy and Eric J. Bock or any of
them, each acting alone, his true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned a Form 3 relating to the
securities of Cendant Corporation, in accordance with Section 16(a) of
the Securities Exchange Act of 1934 and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete the execution of
such Form 3 and the timely filing of such form with the United
States Securities and Exchange Commission and any other authority
as fully to all intents and purposes as the undersigned might or
could do if personally present, hereby ratifying and confirming all
that such attorney-in-fact shall lawfully do or cause to be done
by virtue of this Power of Attorney and the rights and powers
herein granted.
The undersigned acknowledges that each of the foregoing attorneys-in-fact,
in serving in such capacity at the request of the undersigned, is not assuming
any of the undersigned's responsibilities to comply with Section 16 of the
Securities Exchange Act of 1934.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 23rd day of December, 1997.
By: /s/ Robert W. Pittman
Robert W. Pittman
