To multiply \( \frac{4}{9} \) by \( -3 \), we can express \( -3 \) as a fraction:
\[ -3 = \frac{-3}{1} \]
Now, we multiply these two fractions:
\[ \frac{4}{9} \times \frac{-3}{1} = \frac{4 \times -3}{9 \times 1} = \frac{-12}{9} \]
Next, we simplify \( \frac{-12}{9} \). The greatest common divisor (GCD) of 12 and 9 is 3, so we divide both the numerator and denominator by 3:
\[ \frac{-12 \div 3}{9 \div 3} = \frac{-4}{3} \]
Now, we can express \( \frac{-4}{3} \) as a mixed number. Since \(-4\) is less than \(-3\) and more than \(-5\), we get:
\[ -4 \div 3 = -1 \text{ with a remainder of } -1 \]
Thus, we have:
\[ \frac{-4}{3} = -1 \frac{1}{3} \]
So the final answer is:
\[ \boxed{-1 \frac{1}{3}} \]