>I thought the CEO's name is Richard Jaffe? Nevertheless, it is
good to see an insider, be it the CEO or some other insider named
Irving Jaffe, step up to the plate.
for the record, irving jaffe is chairman emeritus, a safeksin
director, and father of richard. previously, he served as chairman
of the board and CEO. (i believe he stepped down from the latter
position in '93.)
from the latest proxy (dated apr 98):
NUMBER OF SHARES PERCENT
NAME BENEFICIALLY OWNED OF CLASS
- ---- --------------------- --------
<S> <C> <C>
Richard Jaffe............................................... 4,443,600(1)(4) 8.01%
Neil K. Braverman........................................... 4,594,240(2)(4) 8.44%
Irving Jaffe................................................ 2,542,628(3)(4) 4.75%
John G. Brewer.............................................. -- *
Lee Chee Ming............................................... 250,124(4) *
Jeffrey A. Martin........................................... 56,000(4) *
David L. Morash............................................. 124,000(4) *
Cam Garner.................................................. 56,000(4) *
Howard L. Shecter........................................... 102,000(4) *
Joseph Stemler.............................................. 68,000(4) *
All directors and executive................................. 12,359,392(4) 41.69%
officers as a group (21 persons)
Nicholas-Applegate Capital Management....................... 4,168,106(5) 7.79%
600 West Broadway, 29th Floor San Diego, CA 92101</TABLE> - ---------------
* Does not exceed one percent.
(1) Includes 1,654,560 shares held by Richard B. Jaffe and Ann Jaffe, as
trustees for the Jaffe Family Trust U/A/D 10/04/90.
(2) Includes (i) 2,049,200 shares held, directly or indirectly, by the Braverman
Family Partnership, Ltd., of which Neil Braverman is a limited partner and
whose general partner is a corporation owned by Neil Braverman, (ii) 412,688
shares beneficially owned by Jeanne D. Braverman, the reporting person's
spouse and (iii) 1,146,352 shares held by trusts for which Ms. Braverman
serves as trustee.
(3) Includes 506,628 shares held by I&E Nevada Limited Partners, of which Irving
Jaffe has a 67.4% limited partnership interest, Eleanor Jaffe has a 31.6%
limited partnership interest and a company controlled by Irving Jaffe has a
1% general partnership interest.
(4) Includes shares beneficially owned under currently exercisable options as
follows: Richard Jaffe -- 2,001,000; Neil K. Braverman -- 986,000; Irving
Jaffe -- 36,000; Lee Chee Ming -- 120,000; Jeffrey A. Martin -- 56,000;
David Morash -- 124,000; Cam Garner -- 52,000; Howard L. Shecter -- 94,000;
Joseph Stemler -- 68,000; and all directors and executive officers as a
group -- 3,659,000.
(5) As reported on the Form 13-G filed by reporting person on February 13, 1998. |
