Jim, Here's an issue you can raise for me:
Am I reading this right? Four of the nine directors own 40 or fewer shares?
_________________________________________
( From the July 10, 1998 14A)
www4.edgar-online.com
The table below sets forth as of May 31, 1998 certain information
with respect to the beneficial ownership of the Company's Common
Stock by (i) each person known by the Company to own beneficially
more than five percent (5%) of the outstanding shares of Common
Stock; (ii) each director of the Company, (iii)each executive
officer named in the Summary Compensation Table, and (iv) all
directors and executive officers as a group.
Shares
beneficially Actual
owned Options shares
Laurence B. Boucher(2) 17,540 17500 40
Carl J. Conti 71,000 70000 1,000
John East 55,000 55000 0
Ilene H. Lang -- 0 0
Robert J. Loarie 112,604 55000 57,604
B.J. Moore 97,470 55000 42,470
W. Ferrell Sanders 21,000 55000 66,000
F. Grant Saviers 895,852 738575 157,277
Phillip E. White 40,000 40000 0
Options column derived from:
(1) Except as indicated in the footnotes to this table and pursuant
to applicable community property laws, the persons named in the
table have sole voting and sole investment power with respect to all
shares of Common Stock beneficially owned. Amounts shown include the
following number of shares, options for which are presently
exercisable or will become exercisable within 60 days of May 31, 1998:
Mr. Boucher, 17,500; Mr. Conti, 70,000;
Mr. East, 55,000; Mr. Hansen, 134,050;
Mr. Kazarian, 333,050; Mr. Loarie, 55,000;
Mr. Moore, 55,000; Mr. Sanders, 55,000;
Mr. Saviers, 738,575; Mr. Stephens, 118,600;
Mr. Sundaresh, 251,500; Mr. White, 40,000;
and all current executive officers and directors as a group, 2,337,853.
(2) Includes 40 shares beneficially owned by the Boucher Living Trust.
____________________________________________________
(Numbers may be subject to transcription or other errors.)
So I guess I get disturbed when I see that I own more ADPT stock
than five of the company's directors. Can somebody please tell me
I read this stuff wrong? I'll sleep better tomorrow night.
(Jim - maybe you could strap the pitchfork on and ride down.)
Cris |
