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To: Dennis R. Duke who wrote (3186)	5/15/1998 11:01:00 PM
From: Sherwin Reiff	Read Replies (1) \| Respond to of 5058

Thanks for insider ownership info. Did Yansouni exercise those options? If so, did he subsequently sell any shares? (Like the dog in that famous Sherlock Holmes story, sometimes what they DON'T do is more significant than what the do)

To: Dennis R. Duke who wrote (3186)	5/16/1998 5:00:00 PM
From: Tom Simpson	Respond to of 5058

Dennis, Quite good work. I'm not quite sure how one should interpret it. Just looking at the totals we have the group at 3.9% and 1,900,953 shares, with 1,620,314 of those being options which could be currently exercised. In other words, shares actually held in real accounts would be less than 300,000. It seems to me that you would have to know the actual exercise price of the options in order to draw any conclusion of any kind. If the exercise price is above the current market there is no rational action for them to take or conclusion for us to draw. If the exercise price is below the current market then you might draw some conclusion from their election NOT to bail out the options while they can. Looking at the list, its Yansouni that has the lion's share of any such current opportunity. I guess you would have to look back at history to find out if this is because the others have already exercised their opportunities or were never granted a lot in the first place. Best Regards....Tom