4 1 kravis_form4.htm FORM 4 - HENRY R. KRAVIS Form 4 - Henry R. Kravis
FORM 4
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).


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

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1.   Name and Address of Reporting Person*

Kravis, Henry R.


(Last)           (First)           (Middle)

c/o Kohlberg Kravis Roberts & Co., LP
9 West 57th Street, Suite 4200

(Street)

New York, NY 10019

(City)           (State)            (Zip)
2.   Issuer Name and Ticker or Trading Symbol

KinderCare Learning Centers, Inc. ("KDCR")
6.  Relationship of Reporting Person(s) to Issuer
                          (Check all applicable)

        [X]   Director              [X]   10% Owner    
        [   ]   Officer (give      [   ]   Other (specify 
                 title below)                 below)   
   ___________________________________
3.  IRS Identification      Number of      Reporting person,
     if an entity
     (Voluntary)

4.   Statement for       Month/Day/Year

      04/22/03
5.   If Amendment,       Date of Original       (Month/Day/Year)

     02/07/03
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
(Instr. 3)
2. Trans-
action
Date
(Month/
Day/
Year)
2A.
Deemed Execution
Date, if any
(Month/ Day/
Year)
3. Transaction
Code
(Instr. 8)
4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
5.  Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6.  Owner- ship Form: Direct (D) or
Indirect (I)
(Instr. 4)
7.  Nature of Indirect Beneficial Ownership
(Instr. 4)
Code
V
Amount
(A)
or
(D)
Price
                     
                     
                     
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).
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(Over)
SEC 1474-9-02)

FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially owned
(e.g., puts, calls, warrants, options, convertible securities)
1.
Title of Derivative Security
(Instr. 3)
2.
Conver-sion or Exercise Price of Derivative Security
3.  Trans- action Date (Month/ Day/ Year)
3A. Deemed Execution Date, if any
(Month/ Day/ Year)
4.
Trans- action Code (Instr. 8)
5.
Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and5)
6.
Date Exer- cisable and Expiration Date (Month/ Day/Year)

7.
Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Deriv- ative Secur- ity (Instr. 5)
9.
Number of deriv- ative Securities Bene- ficially Owned Following Reported Trans- action(s) (Instr. 4)
10.
Owner- ship Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11
Nature of Indirect Beneficial Ownership (Instr. 4)
Code
 V 
(A)
(D)
Date Exer- cisable
Expira- tion Date
Title
Amount or Number of Shares
Deferred Compensation Plan - Company Stock Account
 1 for 1
4/22/03
    
A
    
504
 
(1)
(1)
Common Stock
504
$14.93
12,209
D
    
                                                                            
                                                                            

Explanation of Responses:

(1) Deferred compensation is payable in cash following termination of the reporting person's position as director of KinderCare.


**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 an 15 U.S.C. 78ff(a).

/s/ WILLIAM J. JANETSCHEK
**Signature of Reporting Person
April 24, 2003
Date
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 or procedure.
William J. Janetschek as attorney-in-fact for Henry R. Kravis
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

POWER OF ATTORNEY
Know all men by these presents that Henry R. Kravis does hereby make, constitute and appoint William J. Janetschek and Richard J. Kreider, or either one of them, as a true and lawful attorney-in-fact of the undersigned with full powers of substitution and revocation, for and in the name, place and stead of the undersigned (both in the undersigned's individual capacity and as a member of any limited liability company or limited partnership for which the undersigned is otherwise authorized to sign), to execute and deliver such forms as may be required to be filed from time to time with the Securities and Exchange Commission with respect to any investments of KKR Associates, L.P., KKR Associates 1996 L.P., KKR 1996 G.P. L.L.C., KKR Associates II (1996) Limited Partnership, KKR 1996 Overseas, Limited, KKR Associates (Strata) L.P., Strata L.L.C., KKR Associates (KLC) L.P., KKR-KLC, L.L.C., KKR Associates (NXS) L.P., KKR-NXS, L.L.C., KKR Associates Europe, Limited Partnership, KKR Europe Limited, KKR Associates Millenium L.P. and KKR Millenium G.P. L.L.C. (including any amendments or supplements to any reports, forms or schedules previously filed by such persons or entities): (i) pursuant to Section 13(d) and 16(a) of the Securities Act of 1934, as amended (the "Act"), including without limitation, Schedule 13D, Schedule 14G, statements on Form 3, Form 4 and Form 5 and (ii) in connection with any applications for EDGAR access codes, including without limitation the Form ID.
/s/ HENRY R. KRAVIS

Name: Henry R. Kravis
February 28, 2002

Date