| Show Insider Trading Monitor The Salt Lake Tribune Fewer Sellers Taking Advantage of Last ’86 Hurrah for 20 By Bob Gabele FCI Invest Net picked another 50 000 shares of First Illinois back in October (the filing reached the SEC late) in the $17 range This puts his holdings up to 3913139 of the bank holding company s 15 9 million shares outstanding Terra upped his holdings in Lawter International by another 141 500 shares in November snatching them up at prices between $14 88 and $16 88 This brings him up to 3 304 144 of Law ter s 17 44 million outstanding Weve been looking for heavier selling by corporate insiders as the year draws to a close Many corporate officers and directors are selling now to take advantage of the last of the 20 percent long term capital gains tax rate before it goes up next year The latest figures (compiled from the past six weeks of filings released from the SEC) reveal that 1 34 insiders sold shares for each one buying e Ithough this is up from the ratio we saw last month it is still sgmficantly below the historical seller to buyer ratio we’ve experienced As Apple Computer stock rallied 'rom $35 to $44 in late November six insiders at the company lightened up their holdings three of them by a substantial margin The largest sale was recorded by chairman John Sculley who unloaded 107000 for $39 81 on Nov 25 leaving him holding only 3 777 shares Vice president Michael Muller's sale of 40000 for $36 50 during the month leaves him with 27940 Vice president David Barram let 15000 go for $35 25 on Nov 11 missing the rally He was left with 1016 The three additional sellers were vice president Albert A Eisenstat (30000 shares Add chairman IV llliam Gates to the list of sellers of Microsoft latelv He unloaded 95 000 shares back in October but the filings only recently arrived at the SEC Gates’sold at the $37 range missing most of the stock s rally to $50 Not to worry at last count he still held over 11 million shares in the company Since Oct 1 four insiders have sold a total of 647 250 shares of Microsoft Briefly Family Dollar Stores president Lewis Levine picked up 62 500 shares in late November for $19 Tms brings his holdings up to 70000 American Brands chairman Edward Whittemore sold just about half his holdings He let go of 30978 in the $46 range in November leaving him with 31822 McDonnell Douglas chairman Sanford McDonnell sold 10000 of his shares on Nov 30 for $79 38 He still holds 69538 shares Fuqua president Lawrence Klamon sold 34300 of his shares at $22 in November He now holds 12800 Fuqua chairman J B Fuqua let 41500 go back in October (this filing reached the SEC late) at $20 50 He continues to hold 876314 shares Amdahl president John C Lewis unloaded 35000 of his shares in the $22 range in November bringing one-tom- two-to-o- shares) director Philip Schlein (15000 shares) and director Peter Crisp (10000 shares) Saul Steinberg's Reliance Financial had a busy month picking up lonal shares in a number of companies it already had holdings in Reliance cashed in its entire 3 221 005 share position in The Crump Companies for $33 when Sedgwick Group acad-d- it quired the company That translates to $106 million That would buy a lot of Tiger International Reliance picked up 690600 shares of Tiger between Nov 28 and Dec 3 at $6 33 per share The company now holds 4710500 shares That's 14 8 percent of the outstanding shares Reliance added to its position in Symbol Technologies during the month of November picking up 21 000 shares at $15 50 Reliance now holds 835667 of Symbol s 5 4 million outstanding shares Perhaps the good fortunes at Reliance Financial caused insiders at the parent company Reliance Group to pick up some additional shares Six officers and directors picked up a total of 18600 shares in the $8 range in November Their purchases were below the $10 price the stock fetched in the initial public offering late last September Another busy investor lately has been Daniel Terra He has been accumulating shares in both First Illinois Corp and Lawter International He dent sold 3 500 shores crt $85 per 26 He now holds directly 113 Amertcon Broods Inc shares Ear! W Dahl vice president exercised an option tor 2 000 shores at $26 75 per shar e on Nov 7 He now holds directly 2200 shar es Robert E Mer cer choir man exercised an option for 9300 shores at $26 75 per share from Nov 6 to Nov 25 He now holds dir ectiy 12502 shares Stanley J Mihehck vice president exercised an option for 5495 shat es at $26 75 per share on Nov 6 He now holds directly 5955 shares International Business Machines Corp Charles H Swell vice president sold 796 shares at $123 88 per share on Nov 20 He now holds directly 902 shares H Mitchell Watson Jr vice president sold 796 shares at $123 per share on Nov 20 He now holds directly 11468 shares IF YOU CHECKED ANY w Gamble & Co Gerald V Dirvin vice president sold 987 shores at $76 per shore on Nov 4 He now holds dir ectiy 6 935 shar es Bernd Jurgen Hmtz vice president exercised an option for 2000 shares of $33 22 per shareonNov 17 He now holds dir ectiy 2 798 Moore director indirectly sold 19 shares Insider Trading At A Gionce DALE CARNEGIE COURSE® Business Accounting JData Base Management Education Procter International Paper Co Marc F Wray vice president sold 500 shares at $73 38 per share on Nov 4 He now holds directly 609 shares JB s Restaurants Inc Thomas Godfrey director exercised an option for 30 000 shores at $2 17 per shar e on Oct 7 He now holds directly 30039 shares Minnesota Mining & Manufacturing Co Ronald Allen Mltsch vice president sold 1355 shares at $11? 62 per shore on Nov 25 He now holds directly 230 shares John G Ordwav j r shareholder sold 10 000 shores at $113 per share on Nov 25 He now holds directly 160074 shares Merck & Co Robert L Banse vice president sold 100 shares at $110 50 per sha e on Nov 5 He now holds directly 10588 shares Douglas J Macmaster divisional officer sold 218 shores at $110 38 per share on Nov 25 He now holds directly 56 shares Waiter R Trosm vice president sold 222 shores C $107 38 per shore on Oct 29 He now holds directly 218 shares Iomega Corp Lerov E Olson vice president indirectly sold 2 600 shores between $6 ond $6 50 per share from Nov 20 to Nov 21 He now indirectly holds 9950 shares General Motors Corp Donald A Pais vice president sold 500 shares at $73 per share on Nov 21 He now holds directly 2700 shares Goodyear Tire & Rubber Co vice president eer Nissim Calderon clsed on option for 1000 shares at $26 75 per 5 now holds directly 1000 He share on Nov Word Process ng Stereo Music C J 4096 Color Graphics Desx Top Put1 shing CAD (Drattingi Multi Tasking H 124 shares at $121 75 per share on Nov He now Indirectly holds 5 843 shares CHECK ONE OR MORE OF THE FOLLOWING Etfective Speaking Human Relations Self Confidence Memory Training Selling Your Ideas Reduce Worry and Tension Speech OF THE ABOVE CLASSES NOW FORMING ) Call 363 5294 for information AMIGA the Computers Pre tented by THE DALE CARNEGIE INSTITUTE OF UTAH 5630 So Redwood Rd Family Center Midvalley “A Division 455 968-390- 1 E of Dale Associates A Carnegie Inc " South Temple Sait Lake City Utah 84111 Nonet in IIQUDAIION I" (Illinois 1HIIOIS sli ih lioMi i s m Ills mil ill f tan s ot SI R in i Ik MHASN1)()R ( ( )M P ( mh isv ait i hiMii mu ( ompanx has lx 1 11 i di u il l Ik j mil Hid Ik Si j x i mi ( mm "i n ( oiintx Stall ol l I I1H 'III Albertson'S Inc Alon A Gray vice president exercised an option for 1450 shares at $18 per share on Nov 7 He now holds directly 7786 shares Waldo L Jordan vice president exercised an option for 8000 and disposed of by entt 100 shares at an unreported price per share on Nov 7 He now holds directly 50057 shares Jordan indirectly acquired 100 shares at an unreported price per share that same day He now indirectly holds 300 shares Kenneth R Kramer vice president sold 800 shares at $46 50 per share on Nov 25 He now holds directly 5400 shares M Jed Pritchett Jr vice president exercised an option for 4000 shares at $17 56 per share on Nov 7 He now holds directly 6665 In iliit IMlu i s I'umiiis with in ot hi m LAST CHANCE si - CHRISTMAS SALE! tlaii ol liquidation has lx i n suhrmtli lo (hi mill loi ion hi in it am h (111 ( 011)11 ilvsinlK ol BmklllL! UK HMD II H I Si ill ot I i UK Mil (1)1 1 mu ( o I hat plan it appi ou d will at In t diui ill mhass idol Insiii 1 thtoi (hi ihis ot joiic holiti i s itihlois sh ui lioh It is ami am (Ms o Xinhaxsailoi hi at nig will lx Ik hi toi the put osi n usui tin t Co consult hi n (his pi in lonuiu m nn at 930 a m on February 2 19h7 ai adi Hilton ( omit ( oum house Supi iku ( oun Mom pi In i thi 1 nn nil A lot i atn init mn io) ot (hi pioposui p ui of liijuui it mi i Sis iltavulahlt 1 a hi C H I tili MM'i the of tu i of tin pai I nn ni of liisuiam i all hati 1 a i op max Ih ohiami d w it houi i ost In si tiding a uiiiiin 1 PC) H ijui st to Ambassador Insurance Companx in Liquidation ID Montpi Ik i Macintosh' Plus I !us tin t ish i liiliodm nik Mai uilosi) nion poxxi tin! Inisini ss computer from pplt M x minsh This nth is si w ial m v It rlhlM S to j)K A lift !l‘( kind ot tM lloimilllt biiMix ss di mauds afuit s lihi a ht w hi xbnaid lomplth with in spin d nuiiit it k(pad imptoxed tlirit opt mK s twin as last and a si mdatd InitLtinh tin tnorx exp twlihlt up to I nu nihxlt s nd vnlh flu m w Apph R Hard Disk JO on i ill stun up In JO hr uahxh s o! it up to thnx hints mil n tti iiilorina’ion it S llllpoll lilt h it tsl ((UK kt ptdomiihit ot IdU't s il spi adsix t Is ioiK’i d tlah ist s doi unit ills and tn is it li shares president sold 10000 shares between $46 25 and $46 per share B William F7 1986 shares at !y shores 21 Capital Gains Tax Amory Houghton Jr shareholder Indirect sold 2 069 shares at $122 63 per shore on Nov 12 He now indirectly holds 1148 between $35 20 and an unreported price per share from Nov 28 to Nov 30 The Institution now holds directly 5331 835 shares Eaton Corp William M Wright vice president exercised an option for 993 shares at $29 44 per share on Nov 17 He now holds directly 2 053 Edward W Whittemore chairman sold and disposed of bv gift 31 822 shares be tween on unreported price and $46 63 per share from Nov 3 to Nov 5 He now holds directly 31 822 shares Robert Lawrence Piancher officer and director exercised on option for 5000 shares at $19 41 per share on Nov 3 He now holds directly 7 000 shares American Express Co Howard L Clark Jr vice president dis posed of bv gift 200 snores at an unreported pnee per share on Nov 17 He now holds directly 27293 shores Gory A Seller vice president sold 5000 shares at $61 per shore on Dec 3 He now holds directly 6 472 shares Eastman Kodak Co Kay R Whitmore president exercised on option for 100 shares at $44 29 per shar e on Nov 4 He now holds directly 100 shares officer sold 100 Andrew P Donovan shares at $62 38 per share on Nov 7 He now holds directly 350 shares Edgar J Greco vice president sold 114 shares at $69 per share on Nov 21 He no longer directly owns shares In the company Kay R Whitmore president exercised an option for 100 shares at $44 29 per share on Nov 18 He now holds directly 100 shares E Systems Inc E Systems Esop beneficial owner purchased 2283 and disposed of 52397 shares him down to 112662 John share on shares Nov Sunday December Carley from Nov 25 to Nov 26 He now holds directly 41750 shares Abbott Laborator'Cs John G Krmgel vice president sold and disposed of by gift 2610 shares between an unreported price and $44 per share from Oct 28 to Nov 4 He now holds directly 420 ssi host w ishuu to jn i sc m an ohi i tion to tht pi iposi rl plan of liquid non must suhiiut that ohji i turn m m it n tot hi with u a sons 1"'? anil Hi Vl p m n in u tlu ii foil post in n hid iot in h in iddtl sst in I t t hupc W shares I American Can Co Martin S Davis director purchased 1000 shares at $88 38 per share on Dec 3 He now holds directly 1000 shares Raymond Andrew Bernabo vice presi- - l ki Ho ) Montpi 1Ji Ik t I1 i o ( isliington ( t I ( on St Prue includes computer monitor and internal dnxe onlx printer is extra it ( ouithmisi it iu Sin t u inoiit $1795 1 Voy O'mOj ssm to appi u it t hi Ik at ini’ in ot di i to hau am w mn n t hi oh jt i non i on side cl i out t Inn t host pi i sons wishing to lx hi at d at t he In uiim must specihcallx request that opportunity in their writIt iv not m 2166 HIGHLAND DRIU SAIT I AhV (TO IT 84106 ten objection Authorized dealer COMPITFR STORF 467-333- 6 Seili milled In SIih I on Hand PERSONAL COMPUTER THAT PAYS FOR ITSELF You could be one of only 6 people in the greater Salt Lake City area to literally pay for itself A nationally known marketing firm will not only provide you with a computer system and the training to use it but will help provide jobs for the computer system which will operate unattended earning extra income while you continue working at your present job So if you have been thinking about getting a computer but cannot justify the cost or if you already own a computer and cannot justify the cost or if you could use some extra income remember there are only 6 of these computer systems available So you must ACT NOW lece ve a complete personal computer system that can To receive more information please contact Mr Greene at: EXT 19 FREE TOLL NUMBER BUSINESS SPECIAL NCR FORMS 3995 o Example: 3 part 8V2 x (Camera Ready Copy) IBM PC AT 1 1 Now Reg 500 1000 This desktop computer combines power with speed Operates at 8 MHZ and comes with 512K of memory Also features 12MB floppy and 3UMB hard drive Monitor not included $6955 $11360 5066 $8520 PJL Aqfc Q 659 W 5300 South 1 1 1 1 irrriai 1 1 1 ikwht- - siny tt rms through 262-327- 8 mur ALL UOO SO R K Nil k Hid L I! 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