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Previous: CMA NEW YORK MUN MONEY FUND OF CMA MULTI STATE MUN SERS TRUS, 24F-2NT, 1998-05-26 |
Next: W W CAPITAL CORP, 10-Q, 1998-05-26 |
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No. )*
--------------------
Atria Communities, Inc.
(Name of Issuer)
Common Stock, $.10 par value
(Title of Class of Securities)
049905102
(CUSIP Number)
Stephanie B. Mudick
Deputy General Counsel
Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
(212) 816-8000
(Name, address and telephone number of person
authorized to receive notices and communications)
May 7, 1998
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule
13d-1(g), check the following box / /.
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
- ------------------------
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purposes of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
<PAGE>
- ---------------------------------- ----------------------------
CUSIP No. 049905102 Page 2 of 27 Pages
- ---------------------------------- ----------------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Travelers Group Inc., 52-1568099
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------- -------- ---------------------------------------------
7 SOLE VOTING POWER 0
NUMBER OF
-------- ---------------------------------------------
SHARES 8 SHARED VOTING POWER 1,532,656
BENEFICIALLY
OWNED BY
-------- ---------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
-------- ---------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,532,656
-------- ---------------------------------------------
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,532,656
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC
- ----------- --------------------------------------------------------------------
<PAGE>
Item 1. Security and Issuer.
-------------------
This statement on Schedule 13D is being filed with respect to
the Common Stock, $.10 par value (the "Common Stock"), of Atria Communities,
Inc., a Delaware corporation (the "Issuer"), which has its principal executive
office at 501 South Fourth Avenue, Suite 140, Louisville, Kentucky 40202.
Item 2. Identity and Background.
-----------------------
(a), (b), (c) and (f) This Statement on Schedule 13D is being
filed by Travelers Group Inc., a Delaware corporation ("TRV"). All of the Common
Stock reported herein is directly beneficially owned by subsidiaries of TRV. The
principal executive offices of TRV are located, and the principal business is
conducted, at 388 Greenwich Street, New York, New York 10013.
TRV is a diversified financial services holding company
engaged, through its subsidiaries, in investment and asset management services,
consumer finance services and life and property-casualty insurance services.
The names, citizenship, business addresses and principal
occupations or employments of each of the executive officers and directors of
TRV are set forth in Annex A, which is incorporated herein by reference.
(d) and (e) Except as set forth or incorporated by reference
herein, during the last five years, none of TRV or, to the best knowledge of
TRV, any of the persons listed in Annex A hereto, has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
has been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to
any material judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
The source of funds for the purchases of the shares of Common
Stock and Convertible Notes (as defined in Item 5 herein) was working capital of
the TRV subsidiaries which purchased the subject securities. The aggregate
purchase prices of shares of Common Stock and Convertible Notes are shown on
Annex B hereto, which is incorporated herein by reference.
Page 3 of 27 Pages
<PAGE>
Item 4. Purpose of Transaction.
----------------------
A portion of the shares of Common Stock reported herein were
purchased by a subsidiary of TRV as part of a risk arbitrage strategy. The
remainder of the shares of Common Stock and all of the Convertible Notes (as
defined in Item 5 herein) reported herein were purchased, independently, by
other TRV subsidiaries for investment purposes, in connection with market making
activities, or for managed accounts or mutual funds.
Subsidiaries of TRV review their respective holdings of Issuer
securities on a continuing basis. Depending on such evaluations of the Issuer's
business and prospects, and upon future developments (including, but not limited
to, market prices of the Common Stock and Convertible Notes and availability and
alternative uses of funds, as well as conditions in the securities markets and
general economic and industry conditions), each subsidiary may acquire other
securities of the Issuer or sell all or a portion of its Common Stock or
Convertible Notes or other securities of the Issuer, now owned or hereafter
acquired. To the best of TRV's knowledge, all transactions reported herein were
made on the basis of publicly available information. Except as otherwise
described herein, none of TRV or, to the best knowledge of TRV, any of the
persons listed in Annex A hereto, has any plans or proposals relating to or
which would result in any of the transactions described in Items 4 (a)-(j) of
Schedule 13D.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) and (b) TRV is reporting on behalf of subsidiaries whose
individual percentages of beneficial ownership do not exceed 5%. TRV may be
deemed to share voting and dispositive power with respect to shares of Common
Stock directly beneficially owned by its subsidiaries and may be deemed to have
an indirect beneficial interest in such shares. Accordingly, TRV is the only
entity whose indirect beneficial ownership on an aggregate basis exceeds 5%.
As of the date hereof, TRV may be deemed to beneficially own
1,532,656 shares of Common Stock, which includes 717,855 shares of Common Stock
and 814,801 shares of Common Stock issuable upon conversion of $17,000,000 5.0%
Convertible Subordinated Notes due 2002 (the "Convertible Notes"). 1,532,656
shares of Common Stock represents 6.3% of the outstanding shares of Common Stock
(based on 24,199,663 shares of Common Stock outstanding, which is the sum of the
23,384,862 shares of Common Stock outstanding as of May 11, 1998, as reported in
the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 1998,
and the 814,801 shares that would be issued upon conversion of the Convertible
Notes).
Except as set forth or incorporated by reference herein, none
of TRV or, to the best knowledge of TRV, the persons listed in Annex A hereto,
beneficially owned any Common Stock or Convertible Notes on May 21, 1998.
Page 4 of 27 Pages
<PAGE>
(c) The dates, number of shares and prices per share for all
purchases and sales of Common Stock and Convertible Notes by subsidiaries of TRV
from March 8, 1998 through May 21, 1998 are shown on Annex B hereto, which is
incorporated herein by reference. All such purchases and sales of Common Stock
and Convertible Notes were effected in the over-the-counter market.
Item 6. Contracts, Arrangements, Understandings or
------------------------------------------
Relationships With Respect to Securities of the Issuer.
------------------------------------------------------
None of TRV or, to the best knowledge of TRV, the persons
listed in Annex A hereto, has any contracts, arrangements, understandings or
relationships (legal or otherwise) with any person with respect to securities of
the Issuer.
Item 7. Material To Be Filed As Exhibits.
--------------------------------
None.
Page 5 of 27 Pages
<PAGE>
ANNEXES
-------
A. Executive Officers and Directors of Travelers Group Inc.
B. Description of Purchases and Sales of shares of Common Stock and
Convertible Notes by subsidiaries of TRV from March 8 through May 21,
1998.
Page 6 of 27 Pages
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best of its knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
May 22, 1998
TRAVELERS GROUP INC.
By: /s/ Stephanie B. Mudick
Name: Stephanie B. Mudick
Title: Assistant Secretary
Page 7 of 27 Pages
<PAGE>
May 1998
ANNEX A
EXECUTIVE OFFICERS AND DIRECTORS OF
TRAVELERS GROUP INC.
-----------------------------------
<TABLE>
<CAPTION>
Name, Title and Citizenship Principal Occupation and Business Address
- -------------------------- -----------------------------------------
<S> <C>
C. Michael Armstrong Chairman & Chief Executive Officer
Director (USA) AT&T Corp.
295 North Maple Avenue
Basking Ridge, New Jersey 07920
Judith Arron Executive Director
Director (USA) Carnegie Hall Corporation
881 Seventh Avenue
New York, New York 10019
Kenneth J. Bialkin Partner
Director (USA) Skadden, Arps, Slate, Meagher & Flom LLP
919 Third Avenue
New York, New York 10022
Joseph A. Califano, Jr. Chairman & Chief Executive Officer
Director (USA) The Center on Addiction & Substance Abuse
at Columbia University
152 West 57th Street
New York, New York 10019
James Dimon President & Chief Operating Officer
Director & Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
</TABLE>
Page 8 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Name, Title and Citizenship Principal Occupation and Business Address
- --------------------------- -----------------------------------------
<S> <C>
Leslie B. Disharoon Former Chairman, President & Chief Executive Officer
Director (USA) Monumental Corporation
2 Chittenden Lane
Owings Mills, Maryland 21117
The Honorable Gerald R. Ford Former President of the United States
Director (USA) Post Office Box 927
Rancho Mirage, California 92270
Thomas W. Jones Vice Chairman
Director & Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Ann Dibble Jordan Consultant
Director (USA) Former Director of Social Services,
University of Chicago Medical Center
2904 Benton Place, NW
Washington, DC 20008
Robert I. Lipp Vice Chairman
Director & Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Michael T. Masin Vice Chairman & President - International
Director (USA) GTE Corporation
One Stamford Forum
Stamford, Connecticut 06904
Deryck C. Maughan Vice Chairman
Director (Great Britain) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Dudley C. Mecum Managing Director
Director (USA) Capricorn Management
30 East Elm Street
Greenwich, Connecticut 06830
</TABLE>
Page 9 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Name, Title and Citizenship Principal Occupation and Business Address
- --------------------------- -----------------------------------------
<S> <C>
Andrall E. Pearson Chairman & Chief Executive Officer
Director (USA) Tricon Global Restaurants, Inc.
660 Steamboat Road
Greenwich, Connecticut 06830
Frank J. Tasco Retired Chairman
Director (USA) Marsh & McLennan Companies, Inc.
1166 Avenue of the Americas
New York, New York 10036
Linda J. Wachner Chairman, President & Chief Executive Officer
Director (USA) Warnaco Group Inc.
90 Park Avenue
New York, New York 10016
Sanford I. Weill Chairman & Chief Executive Officer
Director & Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Joseph R. Wright, Jr. Chairman & Chief Executive Officer
Director (USA) AMTEC, Inc.
599 Lexington Avenue
New York, New York 10022-6030
Arthur Zankel Co-Managing Partner
Director (USA) First Manhattan Company
437 Madison Avenue
New York, New York 10022
Steven D. Black Vice Chairman & Chief Operating Officer
Executive Officer (USA) Smith Barney Inc.
388 Greenwich Street
New York, New York 10013
Michael A. Carpenter Executive Vice President
Executive Officer (USA) Travelers Group Inc.
One Tower Square
Hartford, Connecticut 06183
</TABLE>
Page 10 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Name, Title and Citizenship Principal Occupation and Business Address
- --------------------------- -----------------------------------------
<S> <C>
Charles J. Clarke Chairman & Chief Executive Officer - Commercial Lines
Executive Officer (USA) Travelers Property Casualty Corp.
One Tower Square
Hartford, Connecticut 06183
Donald R. Cooper Chairman
Executive Officer (USA) Resource Deployment Inc.
307 West 7th Street
Fort Worth, Texas 76102
Peter M. Dawkins Chairman & Chief Executive Officer
Executive Officer (USA) Travelers Group Diversified Distribution Services, Inc.
388 Greenwich Street
New York, New York 10013
Irwin Ettinger Executive Vice President
Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Jay S. Fishman Senior Vice President
Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Jeffrey B. Lane Vice Chairman
Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Jon C. Madonna Vice Chairman
Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Marjorie Magner President & Chief Operating Officer
Executive Officer (USA) Commercial Credit Company
300 St. Paul Place
Baltimore, Maryland 21202
Heidi G. Miller Senior Vice President & Chief Financial Officer
Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
</TABLE>
Page 11 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Name, Title and Citizenship Principal Occupation and Business Address
- --------------------------- -----------------------------------------
<S> <C>
Joseph J. Plumeri II Vice Chairman
Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Charles O. Prince, III Executive Vice President, General Counsel & Secretary
Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Marc P. Weill Senior Vice President
Executive Officer (USA) Travelers Group Inc.
388 Greenwich Street
New York, New York 10013
Robert B. Willumstad Chairman & Chief Executive Officer
Executive Officer (USA) Commercial Credit Company
300 St. Paul Place
Baltimore, Maryland 21202
</TABLE>
Page 12 of 27 Pages
<PAGE>
ANNEX B
Set forth below are the purchases and sales of shares of
Common Stock by subsidiaries of TRV from March 8, 1998 through May 21, 1998. The
following purchases and sales were made for investment purposes, in connection
with market making activities, or for accounts or mutual funds managed by
subsidiaries of TRV.
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/09/1998 0 1,000.00 20.0625
1,000.00 0 19.875
0 1,000.00 20.0625
0 1,000.00 20
0 1,000.00 20
1,800.00 0 20
0 1,800.00 20
1,000.00 0 20.0625
0 200 20.0625
1,000.00 0 20.0625
0 25 20.0625
1,000.00 0 20.0625
0 800 20.0625
1,000.00 0 20.0625
2,000.00 0 20.0625
0 300 20
0 300 20
0 300 20
0 300 20
0 300 20
0 300 20
300 0 20
0 200 20
1,000.00 0 20.0625
1,000.00 0 20.0625
1,600.00 0 20.0625
0 800 20
1,000.00 0 20
1,000.00 0 19.9375
0 4,100.00 20.0625
0 1,500.00 20.0625
0 100 19.75
0 150 19.75
0 200 19.75
0 200 19.75
</TABLE>
Page 13 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 0 20.0625
500 0 19.9375
100 0 20.0625
100 0 20.0000
03/10/1998 0 15 20
0 1,000.00 20
0 1,000.00 20.0625
0 400 20.0625
2,000.00 0 20.0625
0 700 20.0625
0 50 20.0625
2,300.00 0 20
0 700 20
0 1,000.00 20
0 1,000.00 20
2,000.00 0 20
0 2,000.00 20
2,000.00 0 20
0 1,000.00 20
800 0 20.0625
1,000.00 0 20
03/11/1998 0 290 20.625
0 1,000.00 20.0625
0 1,000.00 20.0625
0 180 20.25
1,000.00 0 20.25
1,000.00 0 20.25
0 1,000.00 20.3125
2,500.00 0 20.3125
0 2,000.00 20.3125
0 1,000.00 20.3125
0 1,000.00 20.3125
500 0 20.3125
2,500.00 0 20.3125
0 1,000.00 20.3125
0 1,000.00 20.3125
500 0 20.3125
2,000.00 0 20.3125
0 1,000.00 20.3125
0 300 20.3125
500 0 20.3125
1,000.00 0 20.3125
0 1,000.00 20.3125
0 1,000.00 20.375
0 500 20.375
</TABLE>
Page 14 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,500.00 0 20.375
100 0 20.375
0 1,000.00 20.5
1,000.00 0 20.5
600 0 20.5
500 0 20.5
2,000.00 0 20.5
1,000.00 0 20.5
1,000.00 0 20.5
2,200.00 0 20.5625
2,800.00 0 20.5625
5,000.00 0 20.5625
200 0 20.5625
2,300.00 0 20.5625
3,000.00 0 20.75
0 3,000.00 20.5625
0 2,000.00 20.625
0 1,000.00 20.8125
0 10,000.00 20.5625
0 5,000.00 20.8
03/12/1998 0 1,500.00 21.0625
2,000.00 0 21.25
0 200 21.6875
200 0 20.875
0 1,000.00 21
0 4,000.00 21
0 6,000.00 21.125
0 500 20.9375
1,000.00 0 21
3,000.00 0 21
1,000.00 0 21
1,000.00 0 21.125
1,000.00 0 21.25
1,000.00 0 21.25
1,000.00 0 21.25
1,000.00 0 21.25
1,000.00 0 21.25
1,000.00 0 21.25
700 0 21.5
300 0 21.5
200 0 21.5
800 0 21.5
0 1,200.00 21.5
0 1,000.00 21.5
0 500 21.6875
</TABLE>
Page 15 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000.00 0 21.625
0 500 21.5
1,000.00 0 21.4375
1,000.00 0 21.4375
0 2,000.00 21.5
0 1,500.00 21.4375
0 3,000.00 21.5
0 1,000.00 21.5
1,000.00 0 21.5
400 0 21.375
1,000.00 0 21.375
4,000.00 0 21.375
1,000.00 0 21.1875
1,000.00 0 21.1875
0 1,000.00 21.1875
0 1,000.00 21.1875
200 0 21.0000
150 0 21.5625
800 0 21.6250
700 0 21.5000
150 0 21.5625
200 0 21.5625
300 0 21.4375
600 0 21.5625
03/13/1998 0 1,000.00 21.875
0 500 21.875
1,000.00 0 21.75
0 1,000.00 21.8125
2,000.00 0 21.625
1,000.00 0 21.75
1,000.00 0 21.75
0 1,000.00 21.75
1,000.00 0 21.75
0 1,000.00 21.75
0 2,000.00 21.625
1,000.00 0 21.5
1,000.00 0 21.5
0 900 22
1,900.00 0 21.5
0 2,000.00 21.5
2,000.00 0 21.5
500 0 21.5
500 0 21.375
0 1,000.00 21.375
1,000.00 0 21.375
</TABLE>
Page 16 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
0 500 21.375
500 0 21.375
600 0 21.3125
0 2,000.00 21.3125
0 2,000.00 21.375
0 500 21.4375
0 400 21.5
1,000.00 0 21.25
0 4,000.00 21.25
5,000.00 0 21.25
0 1,000.00 21.25
0 1,000.00 21.25
0 869 21.375
03/16/1998 0 1,000.00 21.375
0 1,000.00 21.375
3,000.00 0 21.5625
0 1,000.00 21.625
1,600.00 0 21.5625
0 1,738.00 21.625
03/17/1998 300 0 21
03/18/1998 150 0 20.875
0 150 20.875
600 0 20.9375
500 0 21.0000
800 0 21
03/19/1998 3,000.00 0 21.125
1,000.00 0 21.125
1,000.00 0 21
0 500 21.125
600 0 21
0 600 21
0 400 21.0625
0 600 21.0625
1,000.00 0 21.0625
0 1,000.00 21.0625
0 1,000.00 21.0625
1,000.00 0 21.0625
0 1,000.00 21.0625
1,000.00 0 21
0 400 21
0 4,000.00 21.25
0 200 21
03/20/1998 0 250 20.875
1,000.00 0 20.375
1,000.00 0 20.1875
</TABLE>
Page 17 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
400 0 20.1875
1,000.00 0 20.5
0 1,800.00 20.5
03/23/1998 0 100 20.625
03/24/1998 0 20 20.5
0 100 20.5
100 0 20.5
0 300 20.5
300 0 20.5
1,000.00 0 20.6875
0 1,738.00 20.625
0 1,055.00 20.625
0 1,055.00 20.625
03/25/1998 100 0 20
1,500.00 0 20.75
0 1,000.00 20.5625
600 0 20.5
400 0 20.5
100 0 20.5
1,000.00 0 20
0 800 19.9375
0 1,000.00 19.9375
1,000.00 0 19.9375
0 1,000.00 19.9375
1,000.00 0 19.9375
0 1,000.00 19.9375
1,000.00 0 19.9375
0 1,000.00 19.9375
1,000.00 0 20
03/26/1998 0 125 20
0 500 19.875
0 1,000.00 19.875
0 1,000.00 19.9375
0 100 19.9062
0 2,000.00 19.9375
0 1,000.00 20.1875
0 500 20.25
1,000.00 0 20.125
100 0 19.4062
0 500 20.0625
0 200 19.9375
0 800 19.9375
1,500.00 0 19.875
0 700 19.9375
1,900.00 0 19.875
</TABLE>
Page 18 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
0 700 19.9375
0 250 19.9375
5,000.00 0 19.8
300 0 20
500 0 20
03/27/1998 0 1,000.00 20.125
0 738 20.125
200 0 19.625
200 0 19.625
1,055.00 0 19.75
03/30/1998 0 1,052.00 19.5
03/31/1998 1,000.00 0 19.5
1,000.00 0 19.25
1,000.00 0 19.3125
1,000.00 0 19.3125
0 100 19.25
0 2,000.00 19.25
0 500 19.25
04/01/1998 0 1,000.00 19.375
0 200 19.375
1,000.00 0 19.25
1,000.00 0 19.25
04/02/1998 0 1,000.00 19.75
1,000.00 0 19.5
0 200 20.4687
395 0 19.5
100 0 19.5
1,000.00 0 19.5
0 1,000.00 19.5
0 1,000.00 19.375
0 1,000.00 19.375
0 1,000.00 19.375
1,000.00 0 19.25
0 1,000.00 19.375
0 1,000.00 19.375
30 0 19.375
100 0 19.4375
04/03/1998 1,900.00 0 19.5
0 1,000.00 19.125
300 0 19.1875
0 1,000.00 19.1875
0 100 19.25
0 1,500.00 19.1875
1,052.00 0 19.25
2,000.00 0 19.0625
</TABLE>
Page 19 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
2,000.00 0 19.1875
04/06/1998 0 100 19.75
0 100 19.75
100 0 19.25
0 1,738.00 19.375
04/07/1998 0 200 19
1,000.00 0 19
800 0 18.8125
1,000.00 0 18.75
1,000.00 0 18.5625
0 1,000.00 18.5625
500 0 18.625
0 1,000.00 18.6875
0 1,000.00 18.875
0 500 18.875
0 800 18.5
04/08/1998 0 1,000.00 19.125
0 600 19.125
0 500 18.9375
04/09/1998 100 0 18.5
1,500.00 0 19.125
04/13/1998 0 500 19
0 1,000.00 18.875
0 2,000.00 18.875
0 1,000.00 18.875
0 1,000.00 18.875
0 1,000.00 18.875
0 2,000.00 18.875
9,100.00 0 18.875
04/14/1998 0 1,000.00 19.25
300 0 18.7812
0 500 19.625
0 500 19.625
04/15/1998 0 100 19.9375
1,000.00 0 19.875
2,000.00 0 19.875
0 200 19.875
0 1,738.00 19.8125
04/17/1998 125 0 19.625
04/20/1998 1,000.00 0 19.875
1,000.00 0 19.75
0 2,000.00 19.75
1,000.00 0 19.6875
1,000.00 0 19.6875
</TABLE>
Page 20 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000.00 0 19.6875
0 9,999.00 19.625
1,000.00 0 19.625
1,000.00 0 19.625
300 0 19.625
2,000.00 0 19.625
1,500.00 0 19.625
0 500 19.625
1,200.00 0 19.5625
0 1,000.00 19.5
0 1,000.00 19.5
0 6,000.00 19.5
1,000.00 0 19.4375
1,000.00 0 19.4375
6,600.00 0 19.4375
0 1,000.00 19.4375
1,000.00 0 19.4375
0 1,000.00 19.25
0 4,000.00 19.25
0 4,000.00 19.25
0 4,000.00 19.25
0 1,000.00 19.25
5,000.00 0 19.25
5,000.00 0 19.25
0 1,000.00 19.25
1,000.00 0 19.25
1,000.00 0 19.25
1,000.00 0 19.25
1,000.00 0 19.25
5,200.00 0 19.25
125 0 19.25
800 0 19.25
800 0 19.1875
1,000.00 0 19.1875
1,000.00 0 19.1875
900 0 19.1875
100 0 19.1875
1,000.00 0 19.1875
1,000.00 0 19.1875
1,000.00 0 19.1875
1,000.00 0 19.1875
1,000.00 0 19.1875
500 0 19.1875
1,500.00 0 19.1875
1,000.00 0 19.1875
</TABLE>
Page 21 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000.00 0 19.1875
4,000.00 0 19.1875
1,000.00 0 19.1875
3,000.00 0 19.1875
1,000.00 0 19.1875
1,000.00 0 19.1875
1,000.00 0 19.1875
7,000.00 0 19.1875
1,000.00 0 19.1875
1,000.00 0 19.1875
1,500.00 0 19.1875
0 40,000.00 19.25
10,270.00 0 19.1875
1,000.00 0 19.1875
1,970.00 0 19.25
725 0 19.1875
3,000.00 0 19.1875
3,000.00 0 19.1875
04/21/1998 200 0 19.1875
500 0 19.1875
20,000.00 0 19.2187
200 0 18.8125
250 0 19.1875
1,000.00 0 19.1875
100 0 19.1875
1,000.00 0 19.1875
0 2,500.00 19.1875
0 200 19.25
0 1,000.00 19.25
0 1,738.00 19.25
0 1,140.00 19.25
3,000.00 0 19.1875
900 0 19.1875
0 40,000.00 19.25
0 40,000.00 19.25
0 40,000.00 19.25
04/22/1998 100 0 19.0625
100 0 19.0625
0 5,000.00 19.0625
1,000.00 0 19.0625
0 2,000.00 19.0625
800 0 19.0625
5,000.00 0 19
04/23/1998 500 0 18.625
1,000.00 0 19.125
</TABLE>
Page 22 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000.00 0 19.125
800 0 19.125
200 0 19.125
1,000.00 0 19.125
6,000.00 0 19.125
100 0 19.0625
1,000.00 0 19.0937
2,400.00 0 19.0937
500 0 19.125
6,100.00 0 19.125
0 1,000.00 19.125
0 4,000.00 19.125
0 1,000.00 19.125
1,000.00 0 19.125
8,000.00 0 19.125
1,000.00 0 19.125
5,000.00 0 19.125
1,000.00 0 19.125
4,500.00 0 19.125
500 0 19.125
2,500.00 0 19.125
1,000.00 0 19.125
9,000.00 0 19.125
1,000.00 0 19.0937
4,000.00 0 19.0937
1,000.00 0 19.125
5,000.00 0 19.125
1,000.00 0 19.125
300 0 19.125
8,700.00 0 19.125
1,000.00 0 19.0937
4,000.00 0 19.0937
1,000.00 0 19.0937
4,000.00 0 19.0937
1,000.00 0 19.0937
4,000.00 0 19.0937
1,000.00 0 19.0937
4,300.00 0 19.0937
1,000.00 0 19.0937
8,700.00 0 19.0937
1,000.00 0 19.0625
1,000.00 0 19.0625
1,000.00 0 19.0625
1,140.00 0 19.0625
0 19,000.00 19.125
</TABLE>
Page 23 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
0 26,000.00 19.125
0 4,500.00 19.125
0 2,500.00 19.125
0 48,000.00 19.125
04/24/1998 0 2,500.00 19.0625
0 600 19.0625
1,000.00 0 19.0625
100 0 19.0625
04/27/1998 0 1,000.00 18.9375
04/29/1998 1,000.00 0 18.875
0 1,191.00 18.875
04/30/1998 1,000.00 0 19
1,000.00 0 18.875
1,000.00 0 19
1,000.00 0 19
1,000.00 0 19
1,000.00 0 18.9375
290 0 18.5312
0 50 19.1875
0 200 19.1875
0 800 19.1875
1,000.00 0 19.3125
0 100 19.25
0 6,200.00 19.0625
0 6,200.00 19.0625
0 6,200.00 19.0625
05/01/1998 1,191.00 0 19.125
05/04/1998 0 1,000.00 19.125
0 125 19.125
05/05/1998 400 0 18.75
05/06/1998 500 0 18.625
0 1,000.00 19.0625
800 0 19
500 0 19.0625
05/07/1998 1,000.00 0 19
0 1,000.00 19
700 0 19.0625
05/08/1998 0 100 19.0625
0 869 19.0625
05/11/1998 200 0 19.0625
05/12/1998 400 0 18.8125
05/13/1998 1,000 0 18.4375
0 1,000 18.125
500 0 18.125
1,000 0 18.125
</TABLE>
Page 24 of 27 Pages
<PAGE>
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
250 0 18
0 250 18
0 250 18
0 1,000 18.0625
100 0 18.125
05/14/1998 1,000 0 18.125
0 1,500 18.125
1,000 0 18.125
0 500 18.1875
0 1,500 18.125
0 1,000 18.25
0 1,000 18.25
1,000 0 18.375
1,000 0 18.375
1,000 0 18.375
450 0 18.25
0 1,000 18.3125
1,600 0 18.1875
05/15/1998 1,000 0 18.25
0 1,500 18.25
200 0 18.3125
150 0 18.3125
05/18/1998 1,000 0 18.125
0 1,000 18.1875
0 400 18.1875
05/20/1998 1,000 0 17.75
</TABLE>
Page 25 of 27 Pages
<PAGE>
The following purchases and sales were made as part of a risk arbitrage
strategy.
<TABLE>
<CAPTION>
Number of Shares Number of
Trade Date Purchased Shares Sold Price Per Share
-----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
03/18/98 15,000 0 21.125
10,000 0 21.125
10,000 0 21.125
10,000 0 21.125
10,000 0 21.125
20,000 0 21.125
25,000 0 21.1875
03/24/98 3,000 0 20.5
25,000 0 20.5
22,000 0 20.5
5,000 0 20.375
5,000 0 20.4374
10,000 0 20.4375
9,500 0 20.4375
03/25/98 10,000 0 20.5
10,500 0 20.5
04/23/98 50,000 0 19.125
04/24/98 50,000 0 19
</TABLE>
Page 26 of 27 Pages
<PAGE>
Set forth below are the purchases and sales of Convertible Notes by
subsidiaries of TRV from March 8, 1998 through May 21, 1998. The following
purchases and sales were made by subsidiaries of TRV for investment purposes
or in connection with market making activities, or for accounts or mutual
funds managed by subsidiaries of TRV.
<TABLE>
<CAPTION>
Number of Number of
Convertible Notes Convertible Price Per Convertible
Trade Date Purchased Notes Sold Note
-----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
05/07/98 9,590,000 0 98.75
870,000 0 98.75
265,000 0 98.75
2,825,000 0 98.75
600,000 0 98.75
785,000 0 98.75
65,000 0 98.75
</TABLE>
Page 27 of 27 Pages
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