<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE SIXTEEN MONTHS ENDED DECEMBER 31, 1997
THRIFT PLAN FOR EMPLOYEES
OF ONEOK, INC.
AND SUBSIDIARIES
ONEOK, INC.
100 WEST FIFTH STREET
TULSA, OKLAHOMA 74103
<PAGE> 2
SIGNATURE
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934,
the Thrift Plan Committee has duly caused this Annual Report on Form 11-K to be
signed on its behalf by the undersigned, hereunto duly authorized.
THRIFT PLAN FOR EMPLOYEES OF
ONEOK INC. AND SUBSIDIARIES
Date: July 6, 1998 By: /s/ BARRY EPPERSON
--------------------- ----------------------------
Barry Epperson, Member
Thrift Plan Committee
<PAGE> 3
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
FINANCIAL STATEMENTS AND SCHEDULES
DECEMBER 31, 1997, AND AUGUST 31, 1996
(WITH INDEPENDENT AUDITORS' REPORT THEREON)
<PAGE> 4
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
<S> <C>
Independent Auditors' Report 1
Financial Statements:
Statements of Financial Condition - December 31, 1997 and August 31, 1996 2
Statements of Income and Changes in Plan Equity - Sixteen months ended
December 31, 1997 and the year ended August 31, 1996 3-5
Notes to Financial Statements 6-10
Schedule
--------
Item 27a - Schedule of Assets Held for Investment Purposes -
December 31, 1997 1
Item 27d - Schedule of Reportable Transactions -
Period ended December 31, 1997 2
</TABLE>
All other schedules required by the Department of Labor's Rules and Regulations
for Reporting and Disclosure under the Employee Retirement Income Security Act
of 1974 are omitted as they are inapplicable or not required.
<PAGE> 5
INDEPENDENT AUDITORS' REPORT
The Administrative Committee
Thrift Plan for Employees of
ONEOK, Inc. and Subsidiaries:
We have audited the accompanying statements of financial condition of the Thrift
Plan for Employees of ONEOK, Inc. and subsidiaries as of December 31, 1997 and
August 31, 1996, and the related statements of income and changes in plan equity
for the sixteen months ended December 31, 1997 and the year ended August 31,
1996. These financial statements are the responsibility of the Plan's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the equity of the Plan as of December 31, 1997 and August
31, 1996, and the changes in plan equity for the sixteen months ended December
31, 1997 and the year ended August 31, 1996 in conformity with generally
accepted accounting principles.
Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules included
herein are presented for the purpose of additional analysis and are not a
required part of the basic financial statements but are supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. The fund information in the statements of income and changes in plan
equity is presented for purposes of additional analysis rather than to present
the changes in plan equity of each fund. The supplemental schedules and fund
information have been subjected to the auditing procedures applied in the audits
of the basic financial statements and, in our opinion, are fairly stated in all
material respects in relation to the basic financial statements taken as a
whole.
Tulsa, Oklahoma
June 12, 1998
1
<PAGE> 6
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
STATEMENTS OF FINANCIAL CONDITION
DECEMBER 31, 1997 AND AUGUST 31, 1996
(IN THOUSANDS, EXCEPT SHARE DATA)
<TABLE>
<CAPTION>
1997 1996
-------- --------
<S> <C> <C>
Investments, at fair value:
Securities of ONEOK, Inc.:
Common stock, 3,123,406 and 2,960,960 shares
(cost of $67,412 and $51,133), respectively $126,108 81,056
Preferred stock, Series A, 4-3/4%, 0 and 7,952 shares
(cost of $0 and $170), respectively -- 248
United States Government Series "E" and "EE" Bonds,
17,190 and 23,847 bonds (cost of $731 and
$815), respectively 731 815
SEI Standard & Poor's 500 Fund, 917,774 and
892,788 shares (cost of $21,027 and
$16,053), respectively 28,129 18,784
American Performance Bond Fund, 252,791 shares and
229,853 shares (cost of $2,336 and $2,131), respectively 2,403 2,066
John Hancock Emerging Growth Fund, 254,619 and
237,350 shares (cost of $10,553 and $9,133), respectively 9,639 9,399
NWQ Balanced Portfolio, 532,729 and 383,985 shares
(cost of $6,983 and $4,478), respectively 7,733 4,592
American Performance U.S. Treasury fund, 17,633,329
and 22,611,734 shares (cost of $17,632 and
$22,612), respectively 17,632 22,612
SEI Stable Asset Fund, 12,359,464 and 12,035,151 shares
(cost of $12,360 and $12,035), respectively 12,360 12,035
Participant loans 9,509 9,191
-------- --------
Total investments representing plan equity $214,244 160,798
======== ========
</TABLE>
See accompanying notes to financial statements.
2
<PAGE> 7
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
STATEMENTS OF INCOME AND CHANGES IN PLAN EQUITY
SIXTEEN MONTHS ENDED DECEMBER 31, 1997 AND THE YEAR ENDED AUGUST 31, 1996
(In thousands)
<TABLE>
<CAPTION>
1997
-----------------------------------------------------------------------------
ONEOK, ONEOK, SEI
Inc. Inc. Series Series Standard American
Common Preferred "E" "EE" and Poor's Performance
Stock Stock Bonds Bonds Index Bond Fund
------ --------- ------ ----- ---------- -----------
<S> <C> <C> <C> <C> <C> <C>
Investment income:
Dividends $ 4,892 9 -- -- 462 162
Interest -- 167 22 29 -- --
--------- ---- ---- ---- ------ -----
Net investment income 4,892 176 22 29 462 162
Gain (loss) on sale of securities 13,556 1 -- -- 4,172 (7)
Increase (decrease) in unrealized
appreciation 28,686 8 -- -- 4,371 133
Cash contributions:
Employee 4,309 -- -- -- 1,268 188
Employer 2,522 -- -- -- 756 111
--------- ---- ---- ---- ------ -----
6,831 -- -- -- 2,024 299
Withdrawals by participants (8,486) (2) (28) (32) (3,586) (525)
Transfers (427) (431) (7) (68) 1,902 275
Net increase (decrease) in plan equity 45,052 (248) (13) (71) 9,345 337
Plan equity at beginning of period 81,056 248 311 504 18,784 2,066
--------- ---- ---- ---- ------ -----
Plan equity at end of period $ 126,108 -- 298 433 28,129 2,403
========= ==== ==== ==== ====== =====
<CAPTION>
1997
--------------------------------------------------------------------------------
John American SEI
Hancock NWQ Performance Stable
Emerging Balanced U.S. Treasury Asset Participant
Growth Portfolio Fund Fund Loans Total
-------- --------- ------------- ------ ----------- -----
<S> <C> <C> <C> <C> <C> <C>
Investment income:
Dividends -- 203 -- -- -- 5,728
Interest -- -- 1,279 892 1,279 3,668
----- ----- ------ ------ ----- -------
Net investment income -- 203 1,279 892 1,279 9,396
Gain (loss) on sale of securities 2,775 598 -- -- -- 21,095
Increase (decrease) in unrealized
appreciation (1,177) 633 -- -- -- 32,654
Cash contributions:
Employee 928 557 550 319 -- 8,119
Employer 555 328 359 201 -- 4,832
----- ----- ------ ------ ----- -------
1,483 885 909 520 -- 12,951
Withdrawals by participants (1,580) (901) (5,760) (6,710) 4,960 (22,650)
Transfers (1,261) 1,723 (1,408) 5,623 (5,921) --
Net increase (decrease) in plan equity 240 3,141 (4,980) 325 318 53,446
Plan equity at beginning of period 9,399 4,592 22,612 12,035 9,191 160,798
----- ----- ------ ------ ----- -------
Plan equity at end of period 9,639 7,733 17,632 12,360 9,509 214,244
===== ===== ====== ====== ===== =======
</TABLE>
See accompanying notes to financial statements.
3
<PAGE> 8
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
STATEMENTS OF INCOME AND CHANGES IN PLAN EQUITY, CONTINUED
SIXTEEN MONTHS ENDED DECEMBER 31, 1997 AND THE YEAR ENDED AUGUST 31, 1996
(IN THOUSANDS)
<TABLE>
<CAPTION>
1996
-----------------------------------------------------------------------------
ONEOK, ONEOK, SEI
Inc. Inc. Series Series Standard American
Common Preferred "E" "EE" and Poor's Performance
Stock Stock Bonds Bonds Index Bond Fund
------ --------- ------ ----- ---------- -----------
<S> <C> <C> <C> <C> <C> <C>
Investment income:
Dividends $ 3,892 20 -- -- 372 175
Interest 143 -- 20 33 3 4
-------- ---- ---- ---- ------ -----
Net investment income 4,035 20 20 33 375 179
Gain (loss) on sale of securities 12,161 10 -- -- 1,992 (49)
Increase (decrease) in unrealized
appreciation 6,344 22 -- -- 343 (43)
Cash contributions:
Employee 2,816 -- -- -- 817 240
Employer 1,877 -- -- -- 543 109
-------- ---- ---- ---- ------ -----
4,693 -- -- -- 1,360 349
Withdrawals by participants (9,872) (29) (104) (117) (2,679) (712)
Transfers (15,005) (20) (116) (48) 3,064 (1,067)
-------- ---- ---- ---- ------ -----
Net increase (decrease) in
plan equity 2,356 3 (200) (132) 4,455 (1,343)
Plan equity at beginning of year 78,700 245 511 636 14,329 3,409
-------- ---- ---- ---- ------ -----
Plan equity at end of year $ 81,056 248 311 504 18,784 2,066
======== ==== ==== ==== ====== =====
<CAPTION>
1996
--------------------------------------------------------------------------------
John American SEI
Hancock NWQ Performance Stable
Emerging Balanced U.S. Treasury Asset Participant
Growth Portfolio Fund Fund Loans Total
-------- --------- ------------- ------ ----------- -----
<S> <C> <C> <C> <C> <C> <C>
Investment income:
Dividends -- 76 -- -- -- 4,535
Interest 1 -- 1,071 433 884 2,592
----- ----- ------ ------ ----- -------
Net investment income 1 76 1,071 433 884 7,127
Gain (loss) on sale of securities 555 155 -- -- -- 14,824
Increase (decrease) in unrealized
appreciation (104) (2) -- -- -- 6,560
Cash contributions:
Employee 695 378 442 196 -- 5,584
Employer 416 260 323 137 -- 3,665
----- ----- ------ ------ ----- -------
1,111 638 765 333 -- 9,249
Withdrawals by participants (807) (296) (5,688) (4,178) 3,783 (20,699)
Transfers 4,159 1,665 2,073 9,352 (4,057) --
----- ----- ------ ------ ----- -------
Net increase (decrease) in
plan equity 4,915 2,236 (1,779) 5,940 610 17,061
Plan equity at beginning of year 4,484 2,356 24,391 6,095 8,581 143,737
----- ----- ------ ------ ----- -------
Plan equity at end of year 9,399 4,592 22,612 12,035 9,191 160,798
===== ===== ====== ====== ===== =======
</TABLE>
See accompanying notes to financial statements.
4
<PAGE> 9
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1997, AND AUGUST 31, 1996
(1) DESCRIPTION OF PLAN
A brief description of the Thrift Plan for Employees of ONEOK, Inc. and
Subsidiaries (the "Plan") follows and is provided for general
information only. Participants should refer to the full text of the
Plan for more complete information. Following is a list of employers
eligible to participate in the Plan (collectively referred to herein as
"the Company").
ONEOK, Inc. ONEOK Resources Company
OKEOK Gas Transportation Company ONEOK Leasing Company
ONEOK Gas Marketing Company ONEOK Technology Company
ONEOK Products Company ONEOK Power Marketing Company
ONEOK Producer Services, Inc. ONEOK Parking Company
ONEOK International, Inc. ONG Transmission Company
Oklahoma Natural Gas Company ONG Sayre Storage Company
Fifth Street Investment Corporation OkTex Pipeline Company
GENERAL
The Plan is a defined contribution plan which covers all employees of
the Company and is subject to the provisions of the Employee Retirement
Income Security Act of 1974 (ERISA).
PARTICIPATION AND CONTRIBUTIONS
An employee may begin participation on the first day of the month
following employment. Participants may make pre-tax deferrals by
depositing with the Trustee payroll deductions of up to a maximum of
14% of their basic compensation if certain deferral limitations are not
exceeded. Participants may make after-tax deposits of any whole
percentage of their basic compensation up to a maximum of 6% as long as
the total of pre-tax deferrals and after-tax deposits does not exceed
16%.
After one year of service, the Company will match 100% of pre-tax
deferrals and after-tax deposits, up to a maximum of 6%. The combined
total of pre-tax deferrals, after-tax deposits, and Company matching
contributions cannot exceed the lesser of $30,000 or 25% of the
participant's annual compensation.
5
<PAGE> 10
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
NOTES TO FINANCIAL STATEMENTS, CONTINUED
PLAN AMENDMENT
During 1997, the Plan implemented the Dividend Switchback Option, which
allows participants holding ONEOK, Inc. stock in their Plan account to
defer 100%, 50%, or 0% of the ONEOK, Inc. dividends received into their
Plan account on a pre-tax basis and receive the remaining portion of
dividends in cash. Contributions into participants accounts resulting
from these dividends are not included within the Plan's calculation of
maximum pre-tax and after-tax deposits.
(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
INVESTMENTS
Investments are stated at fair values based on the estimated current
market value of the respective investments at the end of the year. All
investments are held by Bank of Oklahoma, N.A., as Trustee. When
available, current market value is determined based on published market
quotes and trading activity of the underlying investment securities.
GAINS AND LOSSES FROM SALE OF INVESTMENTS
Gains and losses resulting from the sale of investments are differences
between the average cost of specific investments sold and proceeds
received. Transactions are recorded on a trade date basis.
ADMINISTRATIVE COSTS
The Company pays all costs and expenses for administering the Plan,
including expenses of the Committee and fees and expenses of the
Trustee, except for brokerages, commissions, investment management
fees, and transfer taxes applicable to investment of securities or
investments acquired or sold for a participant's account.
INCOME TAXES
The Plan is a qualified trust under Section 401(a) and qualifies under
the provision of Section 501(a) of the Internal Revenue Code, and is
exempt from federal income taxes. The Plan has received a favorable
determination letter and has applied for an updated letter subsequent
to implementation of the Plan amendment. The Company believes that the
Plan is currently designed and being operated with the applicable
requirements of the Internal Revenue Code.
CASH AND CASH EQUIVALENTS
The Plan maintains a reserve of cash or cash equivalents for the
purpose of expediting participant withdrawals from the various funds.
Cash equivalents are invested in shares of the American Performance
U.S. Treasury Fund.
6
<PAGE> 11
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
NOTES TO FINANCIAL STATEMENTS, CONTINUED
USE OF ESTIMATES
The preparation of these financial statements in conformity with
generally accepted accounting principles requires a number of estimates
and assumptions by the Plan Administrator relating to the reporting of
assets and liabilities and the disclosure of contingent assets and
liabilities. Actual results could differ from those estimates.
(3) INVESTMENT OF FUNDS
The participants have the right to designate investment of their
account balances, including their contributions and deferrals and the
Company's matching contributions. Investment options are changed from
time to time by the administrative committee of the Plan. Currently,
funds may be designated among the following investment options:
Common Stock of ONEOK, Inc. - Stock is purchased and sold on the
open market.
SEI Standard and Poor's Fund - Invests primarily in the 500 stocks
included in Standard & Poor's 500 Index.
American Performance U.S. Treasury Fund - Invests primarily in
bonds issued or guaranteed by the U.S. government or its agencies.
John Hancock Emerging Growth Fund - Invests primarily in common
stocks of rapidly growing small and medium sized companies.
NWQ Balanced Portfolio - Invests primarily in a combination of
investment grade fixed income securities and common stocks.
American Performance Bond Fund - Invests primarily in actively
managed, diversified portfolio of short, intermediate, and
long-term bonds and other fixed income securities.
SEI Stable Asset Fund - Invests primarily in highly rated
Guaranteed Investment Contracts purchased from insurance
companies, other financial institutions, or that are guaranteed by
the U.S. Government or its agencies.
If no investment option is elected by the participant, the funds are
invested in the American Performance U.S. Treasury Fund. Participants
may direct the investment of their account balances to more than one
option. However, the minimum investment that can be directed to any one
option is 1%.
The participants may direct the sale or other disposition of securities
in their account and may change their investment instructions to the
Trustee on a daily basis. Neither the Company nor the Trustee
guarantees the value of the investments nor do they indemnify any
employee against any loss that may result from such investments.
7
<PAGE> 12
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
NOTES TO FINANCIAL STATEMENTS, CONTINUED
All interest, dividends, and other income received by the Trustee and
all gains and losses from the sale of securities are credited or
charged to the respective participant's account. The cost charged to a
participant's account for securities purchased is the average cost for
all such securities purchased during the month. Brokerage commissions,
transfer taxes, and other charges and expenses in connection with the
purchase or sale of securities are added to the cost of the securities
purchased or deducted from the proceeds of the sale.
Company contributions to the account of a participant and any income
and earnings are immediately vested upon receipt by the Trustee
(subject to subsequent loss through decline in value of investments).
Upon termination of the Plan, each of the participants will receive
distribution of the entire balance of their account.
The number of employees participating in the various investment options
at December 31, 1997 and August 31, 1996 is summarized as follows:
<TABLE>
<CAPTION>
Investment Option 1997 1996
----------------- ---- ----
<S> <C> <C>
Common Stock of ONEOK, Inc. 1,690 1,721
Preferred Stock of ONEOK, Inc. - 27
United States Government Series "E" Bonds 26 32
United States Government Series "EE" Bonds 50 53
SEI Standard & Poor's 500 Fund 1,029 1,027
American Performance Bond Fund 278 303
John Hancock Emerging Growth Fund 742 769
NWQ Balanced Portfolio 485 516
American Performance U.S. Treasury Fund 811 972
SEI Stable Asset Fund 492 372
</TABLE>
Participants may borrow from the Plan pursuant to Section 408(b)(1) of
the ERISA, as amended. Loans may not exceed 50% of the nonforfeitable
accrued benefit of the participant. Participant loans are stated at
cost which represents estimated market value.
(4) UNREALIZED APPRECIATION OF INVESTMENTS
The current market value, average cost and net unrealized appreciation
of investments as of December 31, 1997 and August 31, 1996 are
summarized as follows (in thousands):
<TABLE>
<CAPTION>
1997 1996
-------- --------
<S> <C> <C>
Current market value $214,244 160,798
Average cost 148,543 127,751
-------- --------
Net unrealized appreciation $ 65,701 33,047
======== ========
</TABLE>
8
<PAGE> 13
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
NOTES TO FINANCIAL STATEMENTS, CONTINUED
(5) GAIN ON SALE OF SECURITIES
The aggregate proceeds and aggregate average cost relating to
investments sold at a net gain for the sixteen months ended December
31, 1997 and the year ended August 31, 1996 are summarized as follows
(in thousands):
<TABLE>
<CAPTION>
1997 1996
-------- --------
<S> <C> <C>
Aggregate proceeds $107,832 93,701
Aggregate average cost 86,737 78,877
-------- --------
Net gain on sale of securities $ 21,095 14,824
======== ========
</TABLE>
9
<PAGE> 14
SCHEDULE 1
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1997
(IN THOUSANDS)
<TABLE>
<CAPTION>
Column (a) Column (b) Column (c) Column (d) Column (e)
Party-in
Interest* Identity of Issue, Borrower, Current
Identification Lessor or Similar Party Description of Investment Cost Value
-------------- ---------------------------------- --------------------------------- ---- -------
<S> <C> <C> <C> <C>
* ONEOK, Inc. Common stock without par value $ 67,412 126,108
Series "E" Bonds U.S. Government securities 298 298
Series "EE" Bonds U.S. Government securities 433 433
SEI Standard & Poor's 500 Stocks included in S&P
Fund 500 Index 21,027 28,129
* American Performance Bond Mutual fund
Fund 2,336 2,403
John Hancock Emerging Stocks of small and medium
Growth Fund sized companies 10,553 9,639
NWQ Balanced Portfolio U.S. Treasury notes, bonds
and common stocks 6,983 7,733
* American Performance U.S. Highly liquid temporary
Treasury Fund investments 17,632 17,632
SEI Stable Asset Fund Guaranteed Investment
contracts 12,360 12,360
* ONEOK, Inc. participant loans Participant loans at varying
Fund interest rates and maturity dates 9,509 9,509
--------- -------
$ 148,543 214,244
========= =======
</TABLE>
*Party-in-interest
<PAGE> 15
SCHEDULE 2
THRIFT PLAN FOR EMPLOYEES OF
ONEOK, INC. AND SUBSIDIARIES
ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
SIXTEEN MONTHS ENDED DECEMBER 31, 1997
(IN THOUSANDS)
<TABLE>
<CAPTION>
Column (a) Column (b) Column (c) Column (d) Column (e) Column (f) Column (g)
Current Value
Identity of Purchase Selling Cost of of Asset on Net
Party Involved Description of Asset Price Price Asset Transaction Date Gain (Loss)
-------------- ---------------------- ----- ----- ----- ---------------- -----------
<S> <C> <C> <C> <C> <C> <C>
* Bank of Oklahoma A.P. US Treasury Fund $ 11,221 - 11,221 11,221 -
* Bank of Oklahoma A.P. US Treasury Fund - 16,279 16,279 16,279 -
* Bank of Oklahoma SEI Stable Asset Fund 22,627 - 22,627 22,627 -
* Bank of Oklahoma SEI Stable Asset Fund - 22,395 22,395 22,395 -
* Bank of Oklahoma Hancock Emerging Growth Fund 12,070 - 12,070 12,070 -
* Bank of Oklahoma Hancock Emerging Growth Fund - 11,302 8,527 11,302 2,775
* Bank of Oklahoma NWQ Balanced Fund 5,769 - 5,769 5,769 -
* Bank of Oklahoma NWQ Balanced Fund - 3,576 2,979 3,576 597
* Bank of Oklahoma SEI S&P 500 Index Fund 16,918 - 16,918 16,918 -
* Bank of Oklahoma SEI S&P 500 Index Fund - 15,584 11,412 15,584 4,172
* Bank of Oklahoma ONEOK Common Stock 39,000 - 39,000 39,000 -
* Bank of Oklahoma ONEOK Common Stock - 31,809 18,691 31,809 13,118
</TABLE>
*Series of transactions