<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Edify Corporation
-----------------------------------------
(Name of Issuer)
Common Stock, $0.001 par value
-----------------------------------------
(Title of Class of Securities)
280599101
-----------------------------------------
(CUSIP Number)
David J. Greenwald, Esq.
Goldman, Sachs & Co.
85 Broad Street
New York, New York 10004
(212) 902-1000
--------------------------------------------
(Name, address and telephone number of person authorized
to receive notices and communications)
May 6, 1996
-----------------------------------------
(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(b) (3) or (4), check the following box: ______
Check the following box if a fee is being paid with this statement: X
------
1
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- -------------------------
CUSIP NO.
280599101
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) X
----
(b) ____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
New York
- --------------------------------------------------------------------------------
Number of
Shares 7 Sole Voting Power
Beneficially
Owned By -0-
Each -------------------------------
Reporting 8 Shared Voting Power
Person With
1,083,507
-------------------------------
9 Sole Dispositive Power
-0-
-------------------------------
10 Shared Dispositive Power
1,083,507
-------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,083,507
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
6.8%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
BD-PN-IA
- --------------------------------------------------------------------------------
2
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- -------------------------
CUSIP NO.
280599101
- -------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Goldman Sachs Group, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) X
----
(b) ____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of
Shares 7 Sole Voting Power
Beneficially
Owned By -0-
Each -------------------------------
Reporting 8 Shared Voting Power
Person With
1,083,507
-------------------------------
9 Sole Dispositive Power
-0-
-------------------------------
10 Shared Dispositive Power
1,083,507
-------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,083,507
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
6.8%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
HC-PN
- --------------------------------------------------------------------------------
3
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- ------------------------
CUSIP NO.
280599101
- ------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Capital Partners II, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) X
----
(b) ____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of
Shares 7 Sole Voting Power
Beneficially
Owned By -0-
Each -------------------------------
Reporting 8 Shared Voting Power
Person With
604,190
-------------------------------
9 Sole Dispositive Power
-0-
-------------------------------
10 Shared Dispositive Power
604,190
-------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
604,190
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
3.8%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
4
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- ------------------------
CUSIP NO.
- ---------
280599101
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Capital Partners II Offshore, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) X
----
(b) ____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Cayman Island
- --------------------------------------------------------------------------------
Number of
Shares 7 Sole Voting Power
Beneficially
Owned By -0-
Each -------------------------------
Reporting 8 Shared Voting Power
Person With
240,190
-------------------------------
9 Sole Dispositive Power
-0-
-------------------------------
10 Shared Dispositive Power
240,190
-------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
240,190
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
1.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
5
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- -------------------------
CUSIP NO.
- ---------
280599101
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Capital Partners II (Germany) C.L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) X
----
(b) ____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Germany
- --------------------------------------------------------------------------------
Number of
Shares 7 Sole Voting Power
Beneficially
Owned By -0-
Each -------------------------------
Reporting 8 Shared Voting Power
Person With
22,286
-------------------------------
9 Sole Dispositive Power
-0-
-------------------------------
10 Shared Dispositive Power
22,286
-------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
22,286
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
.1%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
6
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- -------------------------
CUSIP NO.
- ---------
280599101
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Advisors, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) X
----
(b) ____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of
Shares 7 Sole Voting Power
Beneficially
Owned By -0-
Each -------------------------------
Reporting 8 Shared Voting Power
Person With
604,190
-------------------------------
9 Sole Dispositive Power
-0-
-------------------------------
10 Shared Dispositive Power
604,190
-------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
604,190
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
3.8%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
7
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- ------------------------
CUSIP NO.
280599101
- ------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GS Advisors II (Cayman), L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) X
----
(b) ____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Cayman Island
- --------------------------------------------------------------------------------
Number of
Shares 7 Sole Voting Power
Beneficially
Owned By -0-
Each -------------------------------
Reporting 8 Shared Voting Power
Person With
240,190
-------------------------------
9 Sole Dispositive Power
-0-
-------------------------------
10 Shared Dispositive Power
240,190
-------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
240,190
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
1.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
8
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- -------------------------
CUSIP NO.
280599101
- -------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman, Sachs & Co. oHG
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) X
----
(b) ____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
-----
- --------------------------------------------------------------------------------
6. Citizenship or place of Organization
Germany
- --------------------------------------------------------------------------------
Number of
Shares 7 Sole Voting Power
Beneficially
Owned By -0-
Each -------------------------------
Reporting 8 Shared Voting Power
Person With
22,286
-------------------------------
9 Sole Dispositive Power
-0-
-------------------------------
10 Shared Dispositive Power
22,286
-------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
22,286
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
- --------------------------------------------------------------------------------
13. Percent of Class Representing by Amount in Row (11)
.1%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
9
<PAGE>
ITEM 1. SECURITY AND ISSUER.
-------------------
This Statement on Schedule 13D relates to the common stock, par value
$.001 per share (the "Common Stock"), of Edify Corporation, a Delaware
corporation (the "Company").
The principal executive offices of the Company are located at 2840
Santa Clara, CA 95051.
ITEM 2. IDENTITY AND BACKGROUND.
-----------------------
This Statement is being filed by GS Capital Partners II, L.P.
("GSCP"), GS Capital Partners II Offshore, L.P. ("GSCP II Offshore"), GS Capital
Partners II (Germany) C.L.P. ("GSCP II Germany", and, together with GSCP and
GSCP II Offshore, "GSCPII"), GS Advisors, L.P. ("GS Advisors"), GS Advisors II
(Cayman), L.P. ("GS Advisors Cayman"), Goldman, Sachs & Co. oHG ("GS oHG"),
Goldman, Sachs & Co. ("Goldman Sachs") and The Goldman Sachs Group, L.P. ("GS
Group" and, together with GSCPII, GS Advisors, GS Advisors Cayman, GS oHG and
Goldman Sachs, the "Filing Persons")/1/. Goldman Sachs and GS Group may be
deemed, for purposes of this Statement, to own beneficially 962,963 shares of
Common Stock through GSCPII and certain other limited partnerships ("Other
Limited Partnerships" and, together with GSCP, GSCP II Offshore and GSCP II
Germany, the "Limited Partnerships") of which affiliates of Goldman Sachs and GS
Group are the general partner or the managing general partner. Goldman Sachs
and GS Group each disclaim ownership of shares of Common Stock beneficially
owned by the Limited Partnerships
- --------------------
/1/ Neither the present filing nor anything contained herein shall be construed
as an admission that any Filing Person constitutes a "person" for any
purpose other than Section 13(d) of the Securities Exchange Act of 1934.
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to the extent of partnership interests in the Limited Partnerships held by
persons other than Goldman Sachs, GS Group or their affiliates. Goldman Sachs
and GS Group may also be deemed to own beneficially 107,900 shares of Common
Stock held in client accounts managed by Goldman Sachs ("Managed Accounts").
Goldman Sachs and GS Group disclaim beneficial ownership of shares of Common
Stock held in Managed Accounts.
The principal business address of each of Goldman Sachs, GS Group,
GSCP and GS Advisors is 85 Broad Street, New York, New York 10004. The
principal business address for each of GSCP II Offshore and GS Advisors Cayman
is c/o Maples and Calder, P.O. Box 309, Grand Cayman, Cayman Islands. The
principal business address for each of GSCP II Germany and GS oHG is Messeturm
Friedrich-Ebert-Anlage 49, 60308 Frankfurt am Main, Germany. Each of GSCP, a
Delaware limited partnership, GSCP II Offshore, a Cayman Islands exempted
limited partnership, and GSCP II Germany, a German civil law partnership, was
formed for the purpose of investing in equity and equity-related securities
primarily acquired or issued in leveraged acquisitions, reorganizations and
other private equity transactions. GS Advisors, a Delaware limited partnership,
is the sole general partner of GSCP. GS Advisors Cayman, a Cayman Islands
exempted limited partnership, is the sole general partner of GSCP II Offshore.
GS oHG is the sole managing partner of GSCP II Germany. Goldman Sachs, a New
York limited partnership, is an investment banking firm and a member of the New
York Stock Exchange, Inc. and other national exchanges. Goldman Sachs also
serves as the investment manager for GSCPII. GS Group, one of the general
partners of Goldman Sachs, owns a 99% interest in
11
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Goldman Sachs. GS Group is a Delaware limited partnership and a holding
partnership that engages (directly or indirectly through subsidiaries or
affiliated companies or both) in the business of buying and selling securities,
both foreign and domestic, and in making investments on behalf of its partners.
GS Group is controlled by its general partners (which consist of the general
partners of Goldman Sachs other than GS Group) as a group, who have delegated to
its Executive Committee the power to act on their behalf with respect to the
management of GS Group.
The name, business address, present principal occupation or employment
and citizenship of each of the general partners of Goldman Sachs and of GS Group
that is a natural person are set forth in Schedule I hereto and are incorporated
herein by reference. The name, state or place of organization, principal
business, address of principal business and address of principal office of each
of the general partners of Goldman Sachs (other than GS Group) and of GS Group
that is not a natural person are also set forth in Schedule I hereto and
incorporated herein by reference. The members of the Executive Committee of GS
Group are those persons listed in Schedule I who have an asterisk marked next to
their name. The name, business address, present principal occupation or
employment and citizenship of each controlling person, if any, director and
executive officer of each corporate general partner of Goldman Sachs are set
forth in Schedule II-A hereto and are incorporated herein by reference. The
name, business address, present principal occupation or employment and
citizenship of each director and executive officer of GS Advisors, Inc. and GS
Advisors II, Inc., each a Delaware corporation, that serves as the sole general
partner of GS Advisors and GS Advisors Cayman, respectively, are set forth in
Schedules II-B-i
12
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and II-B-ii hereto, respectively, and are incorporated herein by reference. The
name, business address, present principal occupation or employment and
citizenship of each Managing Director of Goldman, Sachs & Co. Finanz GmbH which
is the managing general partner of oHG are set forth in Schedule II-C hereto and
are incorporated herein by reference.
During the last five years, none of the Filing Persons, or, to the
knowledge of each of the Filing Persons, any of the persons listed on Schedule I
or Schedule II-A, II-B-i, II-B-ii or ll-C hereto, (i) has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
(ii) except as set forth in Schedule III hereto, 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 a 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.
-------------
Pursuant to the Series D Preferred Stock Purchase Agreement, dated as of
October 26, 1995 (the "Purchase Agreement"), by and among the predecessor of the
Company, the Limited Partnerships and the other investors party thereto (the
"Other Investors"), on October 26, 1995, the Limited Partnerships purchased
962,963 shares of Series D Preferred Stock, no par value ("Series D Preferred
Stock"), at $6.75 per share. The total consideration for the purchase of such
shares was $6,500,000. A
13
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copy of the Purchase Agreement is filed as Exhibit (1). Upon consummation of the
Company's initial public offering (the "IPO") of shares of Common Stock on May
8, 1996, each share of Series D Preferred Stock automatically converted into one
share of Common Stock. On May 2, 1996 the IPO was priced (see Schedule IV). On
May 6, 1996, Goldman Sachs acquired, in the ordinary course of business, an
additional 12,644 shares of Common Stock in trading activities and 107,900
shares of Common Stock for the Managed Accounts, in the transactions set forth
in Schedule IV hereto. The aggregate consideration for the purchases listed on
Schedule IV is $41,479,216.
The funds used by the Limited Partnerships to purchase the shares of Series
D Preferred Stock as described above were obtained by the Limited Partnerships
from capital contributions by the Limited Partnerships' partners and from the
Limited Partnerships' available funds. The funds used by Goldman Sachs to
purchase the shares of Common Stock were obtained from Goldman Sachs' working
capital. The funds used to purchase shares of Common Stock for the Managed
Accounts came from client funds.
None of the persons listed on Schedule I, Schedule II-A, II-B-i, II-B-ii or
II-C hereto has contributed any funds or other consideration towards the
purchase of the Series D Preferred Stock, except insofar as they may be general
or limited partners of any of Goldman Sachs or the Limited Partnerships and
have made capital contributions to any of Goldman Sachs or such Limited
Partnerships, as the case may be.
14
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ITEM 4. PURPOSE OF THE TRANSACTION.
--------------------------
Each of the Limited Partnerships purchased the shares of Series D Preferred
Stock for the purpose of acquiring an equity interest in the Company. Those
shares of Series D Preferred Stock converted into 962,963 shares of Common Stock
upon consummation of the IPO. The other shares of Common Stock beneficially
owned by Goldman Sachs were acquired in the ordinary course of its business.
None of the Filing Persons or, to the knowledge of the Filing Persons, any
of the Limited Partnerships that is not a Filing Person or any of the persons
listed on Schedule I , II-A, II-B-i, II-B-ii or II-C hereto has any present
plans or intentions which would result in or relate to any of the transactions
described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. In
addition, in connection with the IPO, the Limited Partnerships entered into an
agreement (the"Lock-up Agreement") pursuant to which they agreed not to sell or
otherwise dispose of any shares of Common Stock. (The Lock-up Agreement is
further described in Item 6.) However, each of the Filing Persons expects to
evaluate on an ongoing basis the Company's financial condition, business,
operations and prospects, the market price of the Common Stock, conditions in
the securities markets generally, general economic and industry conditions and
other factors. The Filing Persons may purchase additional shares of Common Stock
or may sell shares of Common Stock from time to time in public or private
transactions (subject, in the case of sales by the Limited Partnerships, to any
applicable limitations imposed on the sale of any of their shares of Common
Stock by the Securities Act of 1933, as amended (the "Securities Act") and the
Lock-Up Agreement). To the knowledge of each Filing Person, each of the
Limited Partnerships that is not a Filing
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Person and the persons listed on Schedule I , II-A, II-B-i, II-B-ii or II-C
hereto may make the same evaluation.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
------------------------------------
(a) As described in Item 3, the Limited Partnerships purchased 962,963
shares of Series D Preferred Stock. Upon consummation of the IPO, each share of
Series D Preferred Stock automatically converted into one share of Common Stock.
As a result, as of May 2, 1996, upon consummation of the IPO, GSCP beneficially
owned 604,190 shares of Common Stock, GSCP II Offshore beneficially owned
240,190 shares of Common Stock, GSCP II Germany beneficially owned 22,286 shares
of Common Stock, and the Other Limited Partnerships beneficially owned an
aggregate of 96,297 shares of Common Stock. Based on the Company's Prospectus,
dated May 2, 1996, pursuant to which the Company offered shares of Common Stock
in its IPO, 15,929,282 shares of Common Stock would be outstanding immediately
after the IPO (assuming the exercise of the underwriter's over-allotment option
(described further in Item 6) which has been exercised in full). Based on the
foregoing, GSCP beneficially owns approximately 3.8%, GSCP II Offshore
beneficially owns approximately 1.5%, GSCP II Germany beneficially owns less
than 1%, and the Other Limited Partnerships in the aggregate beneficially own
less than 1%, in each case of the outstanding shares of Common Stock.
Goldman Sachs and GS Group may be deemed to hold through the Limited
Partnerships, for purposes of this Statement, the beneficial ownership of
962,963 shares of Common Stock. In addition, Goldman Sachs and GS Group
beneficially own
16
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12,644 shares of Common Stock and may be deemed to beneficially
own 107,900 shares of Common Stock currently held in the Managed Accounts.
Accordingly, Goldman Sachs and GS Group could be deemed to beneficially own
approximately 6.8% of the outstanding shares of Common Stock.
None of the Filing Persons, and to the knowledge of each of the Filing
Persons, none of the Limited Partnerships that is not a Filing Person
beneficially owns any shares of Common Stock other than as set forth herein.
(b) Each Filing Person shares the power to vote or direct the vote and to
dispose or to direct the disposition of shares of Common Stock beneficially
owned by such Filing Person as indicated in pages 2 through 9 above.
(c) Except as set forth on Schedule IV and except in its capacity as an
underwriter in the IPO (as further described in Item 6), no transactions in the
Common Stock were effected by the Filing Persons, or, to the knowledge of any of
the Filing Persons, any of the Limited Partnerships that is not a Filing Person
or any of the persons listed on Schedule I or Schedule II-A, II-B-i, II-B-ii or
II-C hereto, during the past sixty days.
(d) No other person is known by any Filing Person to have the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, any shares of Common Stock beneficially owned by any Filing
Person.
(e) Not applicable.
17
<PAGE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS
---------------------------------------
OR RELATIONSHIPS WITH RESPECT TO
--------------------------------
SECURITIES OF THE ISSUER.
------------------------
Purchase Agreement. Under the Purchase Agreement, the Company has agreed
------------------
that, so long as any of the Limited Partnerships hold at least 70,000 shares of
Series D Preferred Stock (or an equivalent number of shares of Common Stock
issued upon conversion of the Series D Preferred Stock), the Company will
provide to the Limited Partnerships annual audited and quarterly unaudited
financial statements. So long as any of the Limited Partnerships hold at least
300,000 shares of Series D Preferred Stock (or an equivalent number of shares of
Common Stock issued upon conversion of the Series D Preferred Stock), the
Company has agreed: to deliver to such Limited Partnership monthly financial
reports; to deliver an annual operating plan (and any amendments or changes
thereto); to provide access to the properties of the Company or any of its
subsidiaries; and to provide access to officers of the Company to discuss the
affairs and finances of the Company.
Registration Rights. In connection with the purchase of shares of Series D
--------------------
Preferred Stock under the Purchase Agreement, the Company, the Limited
Partnerships, the Other Investors and other holders of securities issued by the
Company entered into the Second Amended and Restated Registration Rights
Agreement (the "Registration Rights Agreement"). A copy of the Registration
Rights Agreement is filed as Exhibit (2). The Registration Rights Agreement
places certain
18
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conditions on transferability of, among other things, all of the shares Series D
Preferred Stock (and the Common Stock into which the shares have been
converted), which conditions are intended to ensure compliance with the
Securities Act and to provide that if requested by the Company and the
underwriter managing the IPO of Common Stock of the Company, each of the other
parties to the Registration Rights Agreement execute a lock-up agreement
(described below) in connection with the IPO. Prior to any proposed transfer of
securities issued by the Company other than pursuant to an effective
registration statement under the Securities Act covering the proposed transfer,
the holder thereof is required to give written notice to the Company of such
holder's intention to effect such a transfer. Such notice must, as the
circumstances dictate, be accompanied by (i) evidence of compliance with Rule
144 or Rule 144A , both under the Securities Act ("Rule 144" and "Rule 144A",
respectively), (ii) an opinion of counsel to the effect that the proposed
transfer may be effected without registration, or (iii) a "no-action" letter
from the Securities and Exchange Commission (the "Commission") to the effect
that the distribution of such securities without registration will not result in
a recommendation by the staff of the Commission that action be taken with
respect thereto. With a view to making available the benefits of Rule 144 and/or
Rule 144A to the parties to the Registration Rights Agreement, the Company has
agreed that following the IPO, it will use its best efforts to provide and
maintain the requisite public information to facilitate sales and will cooperate
with the other parties to the Registration Rights Agreement as it pertains to
matters within the control of the Company in order that Rule 144 and/or Rule
144A may be utilized.
19
<PAGE>
Under the Registration Rights Agreement, beginning one year after the IPO,
certain holders (including the Limited Partnerships) of certain shares of Common
Stock ("Registrable Securities") will have certain rights with respect to the
registration of those shares under the Securities Act. If requested by holders
of at least 30% of the Registrable Securities (or any lesser percentage if the
anticipated gross offering price would exceed $10,000,000), the Company must
file a registration statement under the Securities Act covering all Registrable
Securities requested to be included by all holders of such Registrable
Securities. The Company may be required to effect up to two such registrations.
The Company has the right to delay any such registration for up to 120 days
under certain circumstances. All expenses incurred in connection with such
registrations (other than underwriters' discounts and commissions) will be borne
by the Company. These demand registration rights expire on May 2, 2004.
In addition, if the Company proposes to register any of its shares of
Common Stock under the Securities Act other than in connection with a Company
employee benefit plan or a corporate reorganization, the holders of Registrable
Securities may require the Company to include all or a portion of their shares
in such registration, although the managing underwriter of any such offering has
certain rights to limit the number of shares in such registration. All expenses
incurred in connection with such registrations (other than underwriters'
discounts and commissions) will be borne by the Company. These registration
rights expire on May 2, 2004.
Further, holders of Registrable Securities may require the Company to
register all or any portion of their Registrable Securities on Form S-3 when
such form becomes
20
<PAGE>
available to the Company, subject to certain conditions and limitations. The
Company may be required to effect up to two such registrations per year. All
expenses incurred in connection with the first two of such registrations (other
than underwriters' or brokers' discounts and commissions) will be borne by the
Company.
Underwriting Agreement. On May 2, 1996, in connection with the IPO,
----------------------
Goldman Sachs, as one of the representatives of the several underwriters (the
"Underwriters"), together with the several underwriters, entered into an
Underwriting Agreement with the Company, a copy of which is filed as Exhibit
(3), which provides for the purchase by the several underwriters of 2,500,000
shares of Common Stock, and an additional 375,000 shares to be issued and sold
upon exercise of an over-allotment option, which option was exercised on May 3,
1996. The initial public offering price in the IPO was $15.00 per share. Under
the Underwriting Agreement, the Underwriters purchased the shares net of an
underwriting discount of $1.05 per share. The Underwriting Agreement contains
standard terms and conditions for a public offering including customary
representations and warranties and indemnity provisions. Goldman Sachs
purchased 555,834 shares of Common Stock (including shares purchased pursuant to
the over-allotment option) as an underwriter in the IPO.
Lock-up. In connection with the IPO, the Company and its stockholders
--------
(including the Limited Partnerships) have agreed, subject to certain limited
exceptions, that, for a period of 180 days after the date of the final
Prospectus dated May 2, 1996, they will not offer, sell, contract to sell, grant
an option to purchase, make a short sale or otherwise dispose of or engage in
any hedging or other transaction that is designed
21
<PAGE>
or reasonably expected to lead to a disposition of any shares of Common Stock or
any option or warrant to purchase shares of Common Stock or any securities
exchangeable for or convertible into shares of Common Stock without the prior
consent of Goldman Sachs, as representative of the several underwriters. A copy
of the form of the Lock-up Agreement is filed as Exhibit (4).
The foregoing descriptions of Purchase Agreement, the Registration Rights
Agreement, the Underwriting Agreement and the Lock-up Agreement in this
Statement are qualified in their entirety by reference to the Purchase
Agreement, the Registration Rights Agreement, the Underwriting Agreement and the
Lock-up Agreement, copies of which are filed as Exhibits (1), (2), (3) and (4)
hereto, respectively, and are incorporated herein by reference.
Except as described herein, none of the Filing Persons or, to the knowledge
of each of the Filing Persons, any of the persons listed on Schedule I or
Schedule II-A, II-B-i, II-B-ii or II-C hereto is a party to any contract,
arrangement, understanding or relationship with respect to any securities of the
Company.
22
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
--------------------------------
(1) Series D Preferred Stock Purchase Agreement by and among the
predecessor to the Company and the purchasers of shares of Series D
Preferred Stock, dated as of October 26, 1995
(2) Second Amended and Restated Registration Rights Agreement by and
among the Company and the persons and entities thereto, dated as of
October 26, 1995, as amended (incorporated herein by reference to
Exhibit 4.02 to the Company's Registration Statement on Form S-1
No. 333-02020)
(3) Underwriting Agreement (incorporated herein by reference to
Exhibit 1.01 to the Company's Registration Statement on Form S-1
No. 333-02020)
(4) Lock-up Agreement
(5) Joint Filing Agreement
23
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
GOLDMAN, SACHS & CO.
By:/s/ Richard A. Friedman
---------------------------
Name: Richard A. Friedman
Title: General Partner
Dated: May 13, 1996
24
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
THE GOLDMAN SACHS GROUP,L.P.
By:/s/ Richard A. Friedman
---------------------------
Name: Richard A. Friedman
Title: General Partner
Dated: May 13, 1996
25
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
GS CAPITAL PARTNERS II, L.P.
By: GS Advisors, L.P., its general partner
By: GS Advisors, Inc., its general partner
By:/s/ Richard A. Friedman
----------------------------------------
Name: Richard A. Friedman
Title: President
Dated: May 13, 1996
26
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: GS Advisors II (Cayman), L.P., its general
partner
By: GS Advisors II, Inc., its general partner
By:/s/ Richard A. Friedman
------------------------------------------
Name: Richard A. Friedman
Title: President
Dated: May 13, 1996
27
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
GS CAPITAL PARTNERS II (GERMANY) C.L.P.
By: Goldman, Sachs & Co. oHG, its managing
partner
By: Goldman, Sachs & Co. Finanz, its managing
partner
By:/s/ Richard A. Friedman
----------------------------------------
Name: Richard A. Friedman
Title: Attorney-in-Fact
Dated: May 13, 1996
28
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
GS ADVISORS, L.P.
By: GS Advisors, Inc., its general partner
By:/s/ Richard A. Friedman
----------------------------------------
Name: Richard A. Friedman
Title: President
Dated: May 13, 1996
29
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
GS ADVISORS II (CAYMAN), L.P.
By: GS Advisors II, Inc., its general partner
By:/s/ Richard A. Friedman
-----------------------------------------
Name: Richard A. Friedman
Title: President
Dated: May 13, 1996
30
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
GOLDMAN, SACHS & CO. oHG
By: Goldman, Sachs & Co. Finanz
GmbH, its managing partner
By:/s/ Richard A. Friedman
---------------------------------
Name: Richard A. Friedman
Title: Attorney-in-Fact
Dated: May 13, 1996
31
<PAGE>
SCHEDULE I
----------
The following table sets forth the name of each of the general partners of
Goldman, Sachs & Co. (other than The Goldman Sachs Group, L.P.) and of The
Goldman Sachs Group, L.P. Unless otherwise indicated, the business address
of each person listed below is 85 Broad Street, New York, NY 10004, and,
unless otherwise indicated, each natural person listed below is a citizen
of the United States of America. Nobuyoshi John Ehara Inc., Jun Makihara
Inc., Masanori Mochida Inc. and Hideo Ishihara, Inc., the only corporate
general partners of Goldman, Sachs & Co. and The Goldman Sachs Group, L.P.,
are each incorporated in the State of Delaware. The principal occupation of
each natural person listed below and the principal business of each of
Nobuyoshi John Ehara Inc., Jun Makihara Inc., Masanori Mochida Inc. and
Hideo Ishihara, Inc., is as a general partner of Goldman, Sachs & Co. The
persons listed below who have an asterisk marked next to their name are
members of the Executive Committee of The Goldman Sachs Group, L.P.
Name and Citizenship Business Address
- --------------------- ----------------
The persons listed below who have an asterisk marked next to their name are
members of the Executive Committee of The Goldman Sachs Group, L.P.
Jon Z. Corzine*
Henry M. Paulson, Jr.* 4900 Sears Tower
Chicago, IL 60606
Roy J. Zuckerberg*
David M. Silfen*
Eugene V. Fife 133 Fleet Street
London EC4A 2BB, England
Richard M. Hayden 133 Fleet Street
London EC4A 2BB, England
Robert J. Hurst*
Howard C. Katz
Peter K. Barker 333 South Grand Avenue
Los Angeles, CA 90071
Eric S. Dobkin
Willard J. Overlock, Jr.
32
<PAGE>
Name and Citizenship Business Address
- --------------------- ----------------
Jonathan L. Cohen
Fredric B. Garonzik 133 Fleet Street
London EC4A 2BB, England
Kevin W. Kennedy
William C. Landreth 555 California Street
San Francisco, CA 94104
Daniel M. Neidich
Edward Spiegel
Robert F. Cummings, Jr.
Angelo DeCaro
Steven G. Einhorn
David B. Ford
David M. Leuschen
Michael R. Lynch
Michael D. McCarthy
Donald C. Opatrny, Jr.
Thomas E. Tuft
Michael P. Mortara
Lloyd C. Blankfein
John P. Curtin, Jr.
Gavyn Davies 133 Fleet Street
United Kingdom London EC4A 2BB, England
Dexter D. Earle
33
<PAGE>
Name and Citizenship Business Address
- --------------------- ----------------
Nobuyoshi John Ehara 12-32, Akasaka 1-chome
Japan Minato-ku, Tokyo 107, Japan
Nobuyoshi John Ehara Inc. 12-32, Akasaka 1-chome
Minato-ku, Tokyo 107, Japan
J. Christopher Flowers
Gary Gensler 12-32, Akasaka 1-chome
Minato-ku, Tokyo 107, Japan
Charles T. Harris III
Thomas J. Healey
Stephen Hendel
Robert E. Higgins
Robert J. Katz
Ernest S. Liu
Eff W. Martin 555 California Street
San Francisco, CA 94104
Charles B. Mayer, Jr.
Michael J. O'Brien 133 Fleet Street
United Kingdom London EC4A 2BB, England
Mark Schwartz
Stephen M. Semlitz
Robert K. Steel
John A. Thain*
John L. Thornton 133 Fleet Street
London EC4A 2BB, England
Bracebridge H. Young, Jr. 133 Fleet Street
London EC4A 2BB, England
34
<PAGE>
Name and Citizenship Business Address
- --------------------- ----------------
Joseph R. Zimmel
Barry L. Zubrow
Gary L. Zwerling
Jonathan R. Aisbitt 133 Fleet Street
United Kingdom London EC4A 2BB, England
Andrew M. Alper
William J. Buckley
Frank L. Coulson, Jr.
Connie Kadrovach Duckworth 4900 Sears Tower
Chicago, IL 60606
Richard A. Friedman
Alan R. Gillespie 133 Fleet Street
United Kingdom London EC4A 2BB, England
Joseph H. Gleberman
Jacob D. Goldfield
Steven M. Heller
Ann F. Kaplan
Robert S. Kaplan
Peter D. Kiernan III
John P. McNulty
T. Willem Mesdag 133 Fleet Street
London EC4A 2BB, England
Gaetano J. Muzio
Robin Illgen Neustein
35
<PAGE>
Name and Citizenship Business Address
- --------------------- ----------------
Timothy J. O'Neill
Scott M. Pinkus
John J. Powers
Stephen D. Quinn
Arthur J. Reimers 133 Fleet Street
London EC4A 2BB, England
James P. Riley, Jr.
Richard A. Sapp 133 Fleet Street
London EC4A 2BB, England
Donald F. Textor
Thomas B. Walker III
Patrick J. Ward 133 Fleet Street
London EC4A 2BB, England
Jeffrey M. Weingarten 133 Fleet Street
London EC4A 2BB, England
Jon Winkelried
Richard Witten
Carlos A. Cordeiro 133 Fleet Street
London EC4A 2BB, England
John O. Downing 133 Fleet Street
London EC4A 2BB, England
W. Mark Evans 3 Garden Road
Canada Hong Kong
Michael D. Fascitelli
Sylvain M. Hefes 133 Fleet Street
France London EC4A 2BB, England
Reuben Jeffery III 133 Fleet Street
36
<PAGE>
Name and Citizenship Business Address
- --------------------- ----------------
London EC4A 2BB, England
Lawrence H. Linden
Jun Makihara 12-32, Akasaka 1-chome
Japan Minato-ku, Tokyo 107, Japan
Jun Makihara Inc. 12-32, Akasaka 1-choma
Minato-ku, Tokyo 107, Japan
Masanori Mochida 12-32, Akasaka 1-chome
Japan Minato-ku, Tokyo 107, Japan
Masanori Mochida Inc. 12-32, Akasaka 1-chome
Minato-ku, Tokyo 107, Japan
Robert B. Morris III 555 California Street
San Francisco, CA 94014
Philip D. Murphy Messe Turm, D-6000
Frankfurt am Main 1, Germany
Suzanne M. Nora Johnson 333 South Grand Avenue
Los Angeles, CA 90071
Terence M. O'Toole
Gregory K. Palm
Carl G.E. Palmstierna 133 Fleet Street
Sweden London EC4A 2BB, England
Michael G. Rantz
J. David Rogers
Joseph Sassoon 133 Fleet Street
Israel London EC4A 2BB, England
Peter Savitz 12-32, Akasaka 1-chome
Minato-ku, Tokyo 107, Japan
Charles B. Seelig Jr.
Ralph F. Severson 555 California Street
San Francisco, CA 94104
37
<PAGE>
Name and Citizenship Business Address
- --------------------- ----------------
Gene T. Sykes 333 South Grand Avenue
Los Angeles, CA 90071
Gary A. Syman 12-32, Akasaka 1-chome
Minato-ku, Tokyo 107, Japan
Leslie C. Tortora
John L. Townsend
Lee G. Vance 133 Fleet Street
London EC4A 2BB, England
David A. Viniar
John S. Weinberg
Peter A. Weinberg
Laurence M. Weiss
George W. Wellde Jr. 12-32, Akasaka 1-Chome
Minato-Ku, Tokyo 107, Japan
Jaime E. Yordan
Sharmin Mossauar-Rahmani
United Kingdom
Hideo Ishihara 12-32, Akasaka 1-chome
Japan Minato-ku, Tokyo 107, Japan
Hideo Ishihara Inc. 12-32, Akasaka 1-chome
Minato-ku, Tokyo 107, Japan
Paul M. Achleitner 133 Fleet Street
Austria London EC4A 2BB, England
Aermen A. Avanessians
Joel S. Beckman
David W. Blood 133 Fleet Street
London EC4A 2BB, England
Zachariah Cobrinik 133 Fleet Street
London EC4A 2BB, England
38
<PAGE>
Name and Citizenship Business Address
- --------------------- ----------------
Gary D. Cohn 133 Fleet Street
London EC4A 2BB, England
Christopher A. Cole
Henry Cornell 3 Garden Road
Hong Kong
Robert V. Delaney
Joseph Della Rosa
J. Michael Evans 133 Fleet Street
London EC4A 2BB, England
Lawton W. Fitt
Joseph D. Gatto
Peter C. Gerhard
Nomi P. Ghez
Israel
David T. Hamamoto
Walter H. Haydock Munsterhof 4
8022 Zurich, Switzerland
David L. Henle
Francis J. Ingrassia
Scott B. Kapnick 133 Fleet Street
London EC4A 2BB, England
Kevin M. Kelly
John C. Kleinert
Jonathan L. Kolatch
Peter S. Kraus
Robert Litterman
39
<PAGE>
Name and Citizenship Business Address
- --------------------- ----------------
Jonathan M. Lopatin
Thomas J. Macirowski
Peter G.C. Mallinson 3 Garden Road
United Kingdom Hong Kong
Oki Matsumoto 12-32 Akasaka 1-chome
Japan Minato-ku, Tokyo 107, Japan
Oki Matsumoto, Inc. 12-32 Akasaka 1-chome
Minato-ku, Tokyo 107, Japan
E. Scott Mead 133 Fleet Street
New York, New York 10004
Eric M. Mindich
Steven T. Mnuchin
Thomas K. Montag
Edward A. Mule
Kipp M. Nelson 133 Fleet Street
London EC4A 2Bb, England
Christopher K. Norton MesseTurm
Frankfurt am Main, Germany
Robert J. O'Shea
Wiet H. Pot 133 Fleet Street
Netherlands London EC4A 2BB, England
Jack L. Salzman
Eric S. Schwartz
Michael F. Schwerin
Richard S. Sharp 133 Fleet Street
United Kingdom London EC4A 2BB, England
Richard G. Sherlund
Michael S. Sherwood 133 Fleet Street
40
<PAGE>
Name and Citizenship Business Address
- --------------------- ----------------
United Kingdom London EC4A 2BB, England
Cody J. Smith
Daniel W. Stanton
Esta E. Stecher
Fredric E. Steck 555 California Street
San Francisco, CA 94104
Byron D. Trott 4900 Sears Tower
Chicago 60606
Barry S. Volpert
Peter S. Wheeler 3 Garden Road
United Kingdom Hong Kong
Anthony G. Williams 133 Fleet Street
United Kingdom London EC4A 2BB, England
Gary W. Williams
Tracy R. Wolstencroft 100 Crescent Court, Suite 1000
Dallas, Texas 75201
Danny O. Yee 3 Garden Road
Hong Kong
Michael J. Zamkow
Mark A. Zurack
Jim O'Neill
Peter D. Sutherland
41
<PAGE>
SCHEDULE II-A
-------------
The name, business address, present principal occupation or employment and
citizenship of each controlling person, if any, director and executive officer
of each general partner of Goldman Sachs & Co. or The Goldman Sachs Group that
is a corporation are set forth below.
I. Nobuyoshi John Ehara Inc.
Nobuyoshi John Ehara Inc. is controlled by Nobuyoshi John Ehara, its
President and one of its directors. The business address of each person listed
below other than Nobuyoshi John Ehara is 85 Broad Street, New York, New York
10004, and each such person is a citizen of the United States of America. The
business address of Nobuyoshi John Ehara, a citizen of Japan, is the Ark Mori
Building, 12-32, Akasaka 1-chome, Minato-Ku, Tokyo 107, Japan.
<TABLE>
<CAPTION>
Name and Business Address Position Present Principal Occupation
- --------------------------- ---------------------- ----------------------------
<S> <C> <C>
Robert J. Katz Director and General Partner of Goldman,
Chairman of the Board Sachs & Co.
Nobuyoshi John Ehara President and Director General Partner of Goldman,
Sachs & Co.
David A. Viniar Director General Partner of Goldman,
Sachs & Co.
Esta E. Stecher Vice Chairman of the General Partner of Goldman,
Board and Treasurer Sachs & Co.
James B. McHugh Secretary Vice President of Goldman,
Sachs & Co.
</TABLE>
II. Masanori Mochida Inc.
Masanori Mochida Inc. is controlled by Masanori Mochida, its President and
one of its directors. The business address of each person listed below other
than Masanori Mochida is 85 Broad Street, New York, New York 10004, and each
such person is a citizen of the United States of America. The business address
of Masanori Mochida, a citizen of Japan, is 12-32, Akasaka 1-chome, Minato-ku,
Tokyo 107, Japan.
<TABLE>
<CAPTION>
Name and Business Address Position Present Principal Occupation
- --------------------------- ---------------------- ----------------------------
<S> <C> <C>
Robert J. Katz Director and General Partner of Goldman,
Chairman of the Board Sachs & Co.
Masanori Mochida President and Director General Partner of Goldman,
Sachs & Co.
David A. Viniar Director General Partner of
Goldman,
</TABLE>
42
<PAGE>
<TABLE>
<S> <C> <C>
Sachs & Co.
Esta E. Stecher Vice Chairman of the General Partner of Goldman,
Board and Treasurer Sachs & Co.
James B. McHugh Secretary Vice President of Goldman,
Sachs & Co.
</TABLE>
III. Jun Makihara Inc.
Jun Makihara Inc. is controlled by Jun Makihara, its President and one
of its directors. The business address of each person listed below other than
Jun Makihara is 85 Broad Street, New York, New York 10004, and each such person
is a citizen of the United States of America. The business address of Jun
Makihara, a citizen of Japan, is 333 South Grand Avenue, Los Angeles, California
90071.
<TABLE>
<CAPTION>
Name and Business Address Position Present Principal Occupation
- --------------------------- -------------------- ----------------------------
<S> <C> <C>
Robert J. Katz Director and General Partner of Goldman,
Chairman of the Board Sachs & Co.
Jun Makihara President and Director General Partner of Goldman,
Sachs & Co.
David A. Viniar Director General Partner of Goldman,
Sachs & Co.
Esta E. Stecher Vice Chairman of the General Partner of Goldman,
Board and Treasurer Sachs & Co.
James B. McHugh Secretary Vice President of Goldman,
Sachs & Co.
</TABLE>
IV. Hideo Ishihara Inc.
Hideo Ishihara Inc. is controlled by Hideo Ishihara, its President and one
of its directors. The business address of each person listed below other than
Hideo Ishihara is 85 Broad Street, New York, New York 10004, and each such
person is a citizen of the United States of America. The business address of
Hideo Ishihara, a citizen of Japan, is the Ark Mori Building, 12-32, Akasaka 1-
chome, Minato-Ku, Tokyo 107, Japan.
<TABLE>
<CAPTION>
Name and Business Address Position Present Principal Occupation
- --------------------------- ---------------------- ----------------------------
<S> <C> <C>
Robert J. Katz Director and General Partner of Goldman
Chairman of the Board Sachs & Co.
Hideo Ishihara President and Director General Partner of Goldman,
Sachs & Co.
</TABLE>
43
<PAGE>
<TABLE>
<S> <C> <C>
David A. Viniar Director General Partner of Goldman,
Sachs & Co.
Esta E. Stecher Vice Chairman of the General Partner of Goldman,
Board and Treasurer Sachs & Co.
James B. McHugh Secretary Vice President of Goldman,
Sachs & Co.
</TABLE>
V. Oki Matsumoto Inc.
Oki Matsumoto Inc. is controlled by Oki Matsumoto, its President and
one of its directors. The business address of each person listed below other
than Oki Matsumoto is 85 Broad Street, New York, New York 10004, and each such
person is a citizen of the United States of America. The busines address of Oki
Matsumoto, a citizen of Japan, is the Ark Mori Building, 12-32, Akasaka 1-chome,
Minato-Ku, Tokyo 107, Japan.
<TABLE>
<CAPTION>
Name and Business Address Position Present Principal Occupation
- ---------------------------- ------------------------------ ----------------------------
<S> <C> <C>
Robert J. Katz Director, Chairman of the General Partner of Goldman
Board and Vice President Sachs & Co.
Oki Matsumoto President and Director General Partner of Goldman,
Sachs & Co.
Esta E. Stecher Director, Vice Chairman of the General Partner of Goldman,
Board, Vice President and Sachs & Co.
Treasurer
James B. McHugh Secretary Vice President of Goldman,
Sachs & Co.
</TABLE>
44
<PAGE>
SCHEDULE II-B-i
---------------
The name, business address, present principal occupation of each director
and executive officer of GS Advisors, Inc., the sole general partner of GS
Advisors, L.P., which is the sole general partner of GS Capital Partners II,
L.P., are set forth below.
The business address for all the executive officers and directors listed
below except for Henry Cornell is 85 Broad Street, New York, New York 10004. The
business address of Henry Cornell is 3 Garden Road, Hong Kong.
All executive officers and directors listed below are United States
citizens.
<TABLE>
<CAPTION>
Name and Business Address Position Present Principal Occupation
- --------------------------- ------------------------ ----------------------------
<S> <C> <C>
Richard A. Friedman Director/President General Partner of Goldman,
Sachs & Co.
Terence M. O'Toole Director/Vice President General Partner of Goldman,
Sachs & Co.
Carla H. Skodinski Vice President/Secretary Vice President of Goldman,
Sachs & Co.
Elizabeth S. Cogan Treasurer Vice President of Goldman,
Sachs & Co.
James B. McHugh Assistant Secretary Vice President of Goldman,
Sachs & Co.
Joseph H. Gleberman Director/Vice President General Partner of Goldman,
Sachs & Co.
Henry Cornell Vice President General Partner of Goldman,
Sachs & Co.
</TABLE>
45
<PAGE>
SCHEDULE II-B-ii
----------------
The name, business address, present principal occupation of each director
and executive officer of GS Advisors II, Inc., the sole general partner of GS
Advisors II (Cayman), L.P., which is the sole general partner of GS Capital
Partners II Offshore, L.P., are set forth below.
The business address for all the executive officers and directors listed
below except for Henry Cornell is 85 Broad Street, New York, New York 10004. The
business address of Henry Cornell is 3 Garden Road, Hong Kong.
All executive officers and directors listed below are United States
citizens.
<TABLE>
<CAPTION>
Name and Business Address Position Present Principal Occupation
- --------------------------- ------------------------ ----------------------------
<S> <C> <C>
Richard A. Friedman Director/President General Partner of Goldman,
Sachs & Co.
Terence M. O'Toole Director/Vice President General Partner of Goldman,
Sachs & Co.
Carla H. Skodinski Vice President/Secretary Vice President of Goldman,
Sachs & Co.
Elizabeth S. Cogan Treasurer Vice President of Goldman,
Sachs & Co.
James B. McHugh Assistant Secretary Vice President of Goldman,
Sachs & Co.
Joseph H. Gleberman Director/Vice President General Partner of Goldman,
Sachs & Co.
Henry Cornell Vice President General Partner of Goldman,
Sachs & Co.
</TABLE>
46
<PAGE>
SCHEDULE II-C
-------------
The name, business address, present occupation of each executive officer or
director of Goldman, Sachs & Co. Finanz GmbH which is the sole managing general
partner of Goldman, Sachs & Co. oHG are set forth below.
The business address for each of the persons listed below is MesseTurm,
Friedrich-Ebert-Anlage 49, 60308 Frankfurt am Main, Germany.
All directors and executive officers other than Paul M. Achleitner and
Ernst Tschoeke are United States citizens. Paul M. Achleitner is a citizen of
Austria. Ernst Tschoeke is a citizen of Germany.
<TABLE>
<CAPTION>
Name and Business Address Position Present Principal Occupation
- --------------------------- ----------------- ------------------------------
<S> <C> <C>
Paul M. Achleitner Managing Director General Partner of Goldman,
Sachs & Co.
Philip D. Murphy Managing Director General Partner of Goldman,
Sachs & Co.
Christopher K. Norton Managing Director General Partner of Goldman,
Sachs & Co.
Ernst Tschoeke Managing Director Executive Director of Goldman,
Sachs & Co. oHG
</TABLE>
47
<PAGE>
SCHEDULE III
------------
In settlement of SEC Administrative Proceeding File No. 3-7646 In the
Matter of the Distribution of Securities Issued by Certain Government Sponsored
Enterprises, Goldman, Sachs & Co., (the "Firm") without admitting or denying the
findings consented to the entry of an Order dated January 16, 1992 along with
numerous other securities firms. The SEC found that the Firm in connection with
its participation in the primary distributions of certain unsecured debt
securities issued by Government Sponsored Enterprises ("GSEs") made and kept
certain records that did not accurately reflect the Firm's customers' orders for
GSEs' securities and/or offers, purchases or sales by the Firm of the GSEs'
securities effected by the Firm in violation of Section 17(a) of the Exchange
Act and 17 C.F.R. Section Section 240.17a-3 and 240.17a-4.
The Firm was ordered to cease and desist from committing or causing
future violations of the aforementioned sections of the Exchange Act in
connection with any primary distributions of unsecured debt securities issued by
the GSEs, pay a civil money penalty to the United States Treasury in the amount
of $100,000 and maintain policies and procedures reasonably designed to ensure
the Firm's future compliance with the aforementioned sections of the Exchange
Act in connection with any primary distributions of unsecured debt securities
issued by the GSEs.
In SEC Administrative Proceeding File No.3-8282 In the Matter of
Goldman, Sachs & Co., the Firm without admitting or denying the allegations
settled administrative proceedings involving alleged books and records and
supervisory violations relating to eleven trades in the secondary markets for
U.S. Treasury securities in 1985 and 1986. The SEC alleged that the Firm had
failed to maintain certain records required pursuant to Section 17(a) of the
Exchange Act and had also failed to supervise activities relating to the
aforementioned trades in violation of Section 15(b)(4)(E) of the Exchange Act.
The Firm was ordered to cease and desist from committing or causing
any violation of the aforementioned sections of the Exchange Act, pay a civil
money penalty to the SEC in the amount of $250,000 and establish policies and
procedures reasonably designed to assure compliance with Section 17(a) of the
Exchange Act and Rules 17a-3 and 17a-4 thereunder.
48
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-120187-13 1,500 32.806 3-May-96 8-May-96
0503-120188-13 500 32.806 3-May-96 8-May-96
0503-140472-13 500 31 1/4 3-May-96 8-May-96
0503-140474-13 1,000 31.8 3-May-96 8-May-96
0503-140475-13 500 31.8 3-May-96 8-May-96
0503-140476-13 500 31.8 3-May-96 8-May-96
0503-140477-13 750 31.8 3-May-96 8-May-96
0503-140478-13 750 31.8 3-May-96 8-May-96
0503-140479-13 500 31.8 3-May-96 8-May-96
0503-140482-13 300 33.45 3-May-96 8-May-96
0503-140520-13 250 31.6 3-May-96 8-May-96
0503-140528-13 600 33 3/4 3-May-96 8-May-96
0503-140529-13 500 33 3/4 3-May-96 8-May-96
0503-140530-13 500 33 3/4 3-May-96 8-May-96
0503-140531-13 400 33 3/4 3-May-96 8-May-96
0503-140579-13 200 33 3/4 3-May-96 8-May-96
0503-140580-13 100 33 3/4 3-May-96 8-May-96
0503-140581-13 100 33 3/4 3-May-96 8-May-96
0503-140582-13 400 33 3/4 3-May-96 8-May-96
0503-140589-13 200 33 1/4 3-May-96 8-May-96
0503-140590-13 250 33 1/4 3-May-96 8-May-96
0503-140591-13 750 33 2/4 3-May-96 8-May-96
0503-140592-13 400 33 1/4 3-May-96 8-May-96
0503-140593-13 400 33 1/4 3-May-96 8-May-96
0503-140594-13 1,000 33 2/4 3-May-96 8-May-96
0503-140599-13 500 33.58 3-May-96 8-May-96
0503-200308-13 300 33 1/8 3-May-96 8-May-96
0503-200309-13 500 33 1/8 3-May-96 8-May-96
0503-200310-13 500 33 1/8 3-May-96 8-May-96
0503-200311-13 500 33 1/8 3-May-96 8-May-96
0503-200349-13 300 31 3/4 3-May-96 8-May-96
0503-200367-13 200 30 3/4 3-May-96 8-May-96
0503-200368-13 300 32 2/4 3-May-96 8-May-96
0503-200370-13 200 30 3/4 3-May-96 8-May-96
0503-200371-13 200 32 2/4 3-May-96 8-May-96
0503-200372-13 200 30 3/4 3-May-96 8-May-96
0503-200376-13 200 30 3/4 3-May-96 8-May-96
0503-200398-13 250 32 2/4 3-May-96 8-May-96
0503-200399-13 150 32 2/4 3-May-96 8-May-96
0503-200400-13 150 32 2/4 3-May-96 8-May-96
0503-200401-13 150 32 2/4 3-May-96 8-May-96
0503-200402-13 150 32 2/4 3-May-96 8-May-96
0503-200403-13 150 32 2/4 3-May-96 8-May-96
0503-200404-13 150 32 2/4 3-May-96 8-May-96
0503-200405-13 150 32 2/4 3-May-96 8-May-96
0503-200406-13 100 32 2/4 3-May-96 8-May-96
0503-200407-13 150 30 3/4 3-May-96 8-May-96
0503-200408-13 150 30 3/4 3-May-96 8-May-96
</TABLE>
49
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-200409-13 150 30 3/4 3-May-96 8-May-96
0503-200410-13 150 30 3/4 3-May-96 8-May-96
0503-200411-13 150 30 3/4 3-May-96 8-May-96
0503-200412-13 150 30 3/4 3-May-96 8-May-96
0503-200413-13 150 30 3/4 3-May-96 8-May-96
0503-200414-13 100 30 3/4 3-May-96 8-May-96
0503-200415-13 250 30 3/4 3-May-96 8-May-96
0503-200427-13 1,000 32 2/4 3-May-96 8-May-96
0503-200434-13 200 31 3-May-96 8-May-96
0503-200435-13 200 31 3-May-96 8-May-96
0503-200436-13 300 31 3-May-96 8-May-96
0503-200437-13 300 31 3-May-96 8-May-96
0503-200439-13 300 31 3-May-96 8-May-96
0503-200440-13 200 31 3-May-96 8-May-96
0503-200482-13 300 31 3-May-96 8-May-96
0503-200484-13 200 31 1/4 3-May-96 8-May-96
0503-200485-13 500 31 1/4 3-May-96 8-May-96
0503-200486-13 500 31 1/4 3-May-96 8-May-96
0503-200500-13 1,750 31 5/8 3-May-96 8-May-96
0503-200501-13 1,250 32 3/4 3-May-96 8-May-96
0503-200502-13 1,000 34 3-May-96 8-May-96
0503-200503-13 1,000 34 3/8 3-May-96 8-May-96
0503-206106-13 2,500 31 1/4 3-May-96 8-May-96
0503-206107-13 2,000 31 1/4 3-May-96 8-May-96
0503-206113-13 1,000 31 2/4 3-May-96 8-May-96
0503-206118-13 300 32 3-May-96 8-May-96
0503-206120-13 500 34 3-May-96 8-May-96
0503-206126-13 5,000 32.681 3-May-96 8-May-96
0503-206131-13 65,000 32.9855 3-May-96 8-May-96
0503-206137-13 7,500 33 3-May-96 8-May-96
0503-206169-13 1,500 32 3/8 3-May-96 8-May-96
0503-206170-13 1,500 32 3/8 3-May-96 8-May-96
0503-206178-13 1,000 31 1/4 3-May-96 8-May-96
0503-206182-13 2,300 31 1/4 3-May-96 8-May-96
0503-206183-13 1,000 32 2/4 3-May-96 8-May-96
0503-206184-13 4,000 32 2/4 3-May-96 8-May-96
0503-206189-13 5,000 32.6813 3-May-96 8-May-96
0503-206195-13 5,000 32.681 3-May-96 8-May-96
0503-206221-13 500 32 2/4 3-May-96 8-May-96
0503-206259-13 5,400 33 7/8 3-May-96 8-May-96
0503-206260-13 4,600 33 7/8 3-May-96 8-May-96
0503-206263-13 1,000 31 1/4 3-May-96 8-May-96
0503-206288-13 600 31 1/4 3-May-96 8-May-96
0503-206289-13 100 31 1/4 3-May-96 8-May-96
0503-206290-13 100 31 1/4 3-May-96 8-May-96
0503-206291-13 100 31 1/4 3-May-96 8-May-96
0503-206292-13 100 31 1/4 3-May-96 8-May-96
0503-206293-13 2,500 32 3-May-96 8-May-96
</TABLE>
50
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-206294-13 1,000 32 1/4 3-May-96 8-May-96
0503-206296-13 2,500 31 1/4 3-May-96 8-May-96
0503-206358-13 25,300 32.2777 3-May-96 8-May-96
0503-206498-13 1,000 32 2/4 3-May-96 8-May-96
0503-206499-13 600 32 2/4 3-May-96 8-May-96
0503-206500-13 400 32 2/4 3-May-96 8-May-96
0503-206555-13 150 32 3/8 3-May-96 8-May-96
0503-206556-13 150 32 3/8 3-May-96 8-May-96
0503-206557-13 200 32 3/8 3-May-96 8-May-96
0503-206558-13 400 32 3/8 3-May-96 8-May-96
0503-206559-13 550 32 3/8 3-May-96 8-May-96
0503-206560-13 300 32 3/8 3-May-96 8-May-96
0503-206561-13 250 32 3/8 3-May-96 8-May-96
0503-206659-13 11,000 31 1/4 3-May-96 8-May-96
0503-206689-13 1,773 31 1/4 3-May-96 8-May-96
0503-206690-13 227 31 1/4 3-May-96 8-May-96
0503-206697-13 200 32 2/4 3-May-96 8-May-96
0503-206698-13 200 32 2/4 3-May-96 8-May-96
0503-206699-13 300 32 2/4 3-May-96 8-May-96
0503-206700-13 300 32 2/4 3-May-96 8-May-96
0503-206854-13 1,000 32 2/4 3-May-96 8-May-96
0503-206888-13 4,300 31 5/8 3-May-96 8-May-96
0503-206889-13 700 31 5/8 3-May-96 8-May-96
0503-260574-13 200 32 3-May-96 8-May-96
0503-260604-13 1,000 33 3/4 3-May-96 8-May-96
0503-260605-13 1,000 32 1/4 3-May-96 8-May-96
0503-260709-13 1,300 33 3/8 3-May-96 8-May-96
0503-260710-13 1,750 31 3/8 3-May-96 8-May-96
0503-260711-13 1,250 32 2/4 3-May-96 8-May-96
0503-260712-13 1,000 33 3/4 3-May-96 8-May-96
0503-260713-13 1,000 34 1/8 3-May-96 8-May-96
0503-260714-13 5,250 33.3846 3-May-96 8-May-96
0503-260715-13 4,600 33.3846 3-May-96 8-May-96
0503-260716-13 4,500 33.3846 3-May-96 8-May-96
0503-260717-13 1,500 33.3846 3-May-96 8-May-96
0503-260718-13 400 33.3846 3-May-96 8-May-96
0503-260722-13 8,750 31 3/8 3-May-96 8-May-96
0503-260733-13 4,000 32 2/4 3-May-96 8-May-96
0503-260734-13 25,000 32.6813 3-May-96 8-May-96
0503-260740-13 3,500 31 3/8 3-May-96 8-May-96
0503-260745-13 2,200 33 3/8 3-May-96 8-May-96
0503-260803-13 250 33 1/4 3-May-96 8-May-96
0503-260806-13 250 33 1/4 3-May-96 8-May-96
0503-260834-13 300 31 1/4 3-May-96 8-May-96
0503-260939-13 835 32 3-May-96 8-May-96
0503-260940-13 165 32 3-May-96 8-May-96
0503-260943-13 10,000 32.6812 3-May-96 8-May-96
0503-261018-13 385 31 3/8 3-May-96 8-May-96
</TABLE>
51
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-261019-13 275 32 3/4 3-May-96 8-May-96
0503-261020-13 440 34 3/8 3-May-96 8-May-96
0503-261021-13 385 31 3/8 3-May-96 8-May-96
0503-261022-13 275 32 3/4 3-May-96 8-May-96
0503-261023-13 440 34 3/8 3-May-96 8-May-96
0503-270671-13 2,000 32 1/4 3-May-96 8-May-96
0503-270684-13 16,000 32 3/4 3-May-96 8-May-96
0503-270701-13 1,000 32 1/4 3-May-96 8-May-96
0503-270703-13 5,000 32 3-May-96 8-May-96
0503-270709-13 15,000 32.6813 3-May-96 8-May-96
0503-270725-13 2,000 33 3-May-96 8-May-96
0503-270806-13 200 32 3-May-96 8-May-96
0503-270807-13 200 32 3-May-96 8-May-96
0503-270808-13 100 32 3-May-96 8-May-96
0503-270809-13 100 32 3-May-96 8-May-96
0503-270810-13 200 32 3-May-96 8-May-96
0503-270811-13 200 32 3-May-96 8-May-96
0503-270813-13 400 33 1/4 3-May-96 8-May-96
0503-270815-13 200 32 2/4 3-May-96 8-May-96
0503-270816-13 200 32 2/4 3-May-96 8-May-96
0503-270817-13 200 32 2/4 3-May-96 8-May-96
0503-270818-13 100 33 1/4 3-May-96 8-May-96
0503-270819-13 100 33 1/4 3-May-96 8-May-96
0503-270826-13 100 33 1/4 3-May-96 8-May-96
0503-270827-13 100 33 1/4 3-May-96 8-May-96
0503-270860-13 100 33.43 3-May-96 8-May-96
0503-270861-13 500 33.43 3-May-96 8-May-96
0503-270863-13 100 33 3/4 3-May-96 8-May-96
0503-270864-13 200 33 1/4 3-May-96 8-May-96
0503-270865-13 300 33 1/4 3-May-96 8-May-96
0503-270866-13 500 33 1/4 3-May-96 8-May-96
0503-270867-13 200 33 1/4 3-May-96 8-May-96
0503-270868-13 200 33 1/4 3-May-96 8-May-96
0503-270869-13 500 33 1/4 3-May-96 8-May-96
0503-270870-13 300 33 1/4 3-May-96 8-May-96
0503-270871-13 500 33 1/4 3-May-96 8-May-96
0503-270872-13 300 33 1/4 3-May-96 8-May-96
0503-270873-13 300 33 1/4 3-May-96 8-May-96
0503-270874-13 500 33 1/4 3-May-96 8-May-96
0503-270875-13 300 33 1/4 3-May-96 8-May-96
0503-270876-13 200 33 1/4 3-May-96 8-May-96
0503-270877-13 200 33 1/4 3-May-96 8-May-96
0503-270878-13 500 33 1/4 3-May-96 8-May-96
0503-270879-13 200 33 1/4 3-May-96 8-May-96
0503-270880-13 200 33 1/4 3-May-96 8-May-96
0503-270881-13 200 33 1/4 3-May-96 8-May-96
0503-270882-13 200 33 1/4 3-May-96 8-May-96
0503-270883-13 200 33 1/4 3-May-96 8-May-96
</TABLE>
52
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-270884-13 200 33 1/4 3-May-96 8-May-96
0503-270885-13 200 33 1/4 3-May-96 8-May-96
0503-270886-13 200 33 1/4 3-May-96 8-May-96
0503-270887-13 300 33 1/4 3-May-96 8-May-96
0503-270888-13 200 33 1/4 3-May-96 8-May-96
0503-270889-13 200 33 1/4 3-May-96 8-May-96
0503-270890-13 300 33 1/4 3-May-96 8-May-96
0503-270891-13 100 33 1/4 3-May-96 8-May-96
0503-270892-13 200 33 1/4 3-May-96 8-May-96
0503-270893-13 200 33 1/4 3-May-96 8-May-96
0503-270894-13 200 33 1/4 3-May-96 8-May-96
0503-270895-13 200 33 1/4 3-May-96 8-May-96
0503-270896-13 300 33 1/4 3-May-96 8-May-96
0503-270897-13 100 33 1/4 3-May-96 8-May-96
0503-270898-13 200 33 1/4 3-May-96 8-May-96
0503-270899-13 300 33 1/4 3-May-96 8-May-96
0503-270900-13 200 33 1/4 3-May-96 8-May-96
0503-270901-13 200 33 1/4 3-May-96 8-May-96
0503-270902-13 300 33 1/4 3-May-96 8-May-96
0503-270903-13 200 33 1/4 3-May-96 8-May-96
0503-270904-13 200 33 1/4 3-May-96 8-May-96
0503-270905-13 200 33 1/4 3-May-96 8-May-96
0503-270906-13 200 33 1/4 3-May-96 8-May-96
0503-270907-13 200 33 1/4 3-May-96 8-May-96
0503-270929-13 100 33.9 3-May-96 8-May-96
0503-270930-13 100 33.9 3-May-96 8-May-96
0503-270931-13 100 33.9 3-May-96 8-May-96
0503-270932-13 100 33.9 3-May-96 8-May-96
0503-270933-13 100 33.9 3-May-96 8-May-96
0503-270934-13 100 33.9 3-May-96 8-May-96
0503-270935-13 100 33.9 3-May-96 8-May-96
0503-270936-13 100 33.9 3-May-96 8-May-96
0503-270937-13 100 33.9 3-May-96 8-May-96
0503-270938-13 250 32 1/4 3-May-96 8-May-96
0503-270939-13 200 32 1/4 3-May-96 8-May-96
0503-270940-13 200 32 1/4 3-May-96 8-May-96
0503-270941-13 200 32 1/4 3-May-96 8-May-96
0503-270942-13 200 32 1/4 3-May-96 8-May-96
0503-270943-13 200 32 1/4 3-May-96 8-May-96
0503-270944-13 300 32 1/4 3-May-96 8-May-96
0503-270945-13 100 32 1/4 3-May-96 8-May-96
0503-270946-13 200 32 1/4 3-May-96 8-May-96
0503-270947-13 50 32 1/4 3-May-96 8-May-96
0503-270948-13 200 32 1/4 3-May-96 8-May-96
0503-270949-13 200 32 1/4 3-May-96 8-May-96
0503-271004-13 200 33 1/4 3-May-96 8-May-96
0503-271005-13 500 33 1/4 3-May-96 8-May-96
0503-271066-13 400 32.69 3-May-96 8-May-96
</TABLE>
53
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-271067-13 700 32.69 3-May-96 8-May-96
0503-271068-13 700 32.69 3-May-96 8-May-96
0503-271069-13 200 32.69 3-May-96 8-May-96
0503-271071-13 300 32 5/8 3-May-96 8-May-96
0503-271072-13 300 32 5/8 3-May-96 8-May-96
0503-271073-13 400 32 5/8 3-May-96 8-May-96
0503-271074-13 100 32 5/8 3-May-96 8-May-96
0503-271075-13 200 32 5/8 3-May-96 8-May-96
0503-271076-13 200 32 5/8 3-May-96 8-May-96
0503-271077-13 100 32 5/8 3-May-96 8-May-96
0503-271078-13 100 32 5/8 3-May-96 8-May-96
0503-271079-13 300 32 5/8 3-May-96 8-May-96
0503-271080-13 300 32 5/8 3-May-96 8-May-96
0503-271081-13 100 32 5/8 3-May-96 8-May-96
0503-271082-13 100 32 5/8 3-May-96 8-May-96
0503-271083-13 100 32 5/8 3-May-96 8-May-96
0503-271084-13 200 32 5/8 3-May-96 8-May-96
0503-271085-13 200 32 5/8 3-May-96 8-May-96
0503-271086-13 500 32 5/8 3-May-96 8-May-96
0503-271087-13 500 32 5/8 3-May-96 8-May-96
0503-271088-13 200 32 5/8 3-May-96 8-May-96
0503-271089-13 100 32 5/8 3-May-96 8-May-96
0503-271090-13 500 32 5/8 3-May-96 8-May-96
0503-271091-13 200 32 5/8 3-May-96 8-May-96
0503-271092-13 800 32 5/8 3-May-96 8-May-96
0503-271093-13 400 32 5/8 3-May-96 8-May-96
0503-271094-13 100 32 5/8 3-May-96 8-May-96
0503-271095-13 700 32 5/8 3-May-96 8-May-96
0503-271096-13 300 32 5/8 3-May-96 8-May-96
0503-271097-13 200 32 5/8 3-May-96 8-May-96
0503-271098-13 200 32 5/8 3-May-96 8-May-96
0503-271099-13 200 32 5/8 3-May-96 8-May-96
0503-271100-13 100 32 5/8 3-May-96 8-May-96
0503-271156-13 20,000 32 5/8 3-May-96 8-May-96
0503-280446-13 600 33 2/4 3-May-96 8-May-96
0503-280488-13 1,000 33 3/4 3-May-96 8-May-96
0503-280501-13 1,000 32.172 3-May-96 8-May-96
0503-280502-13 500 32.172 3-May-96 8-May-96
0503-280503-13 700 32.172 3-May-96 8-May-96
0503-280504-13 500 32.172 3-May-96 8-May-96
0503-280520-13 500 32.8023 3-May-96 8-May-96
0503-280521-13 1,000 32.8023 3-May-96 8-May-96
0503-280522-13 650 32.8023 3-May-96 8-May-96
0503-280523-13 700 32.8023 3-May-96 8-May-96
0503-280524-13 800 32.8023 3-May-96 8-May-96
0503-280525-13 3,800 32.8023 3-May-96 8-May-96
0503-280526-13 500 32.8023 3-May-96 8-May-96
0503-280527-13 1,000 32.8023 3-May-96 8-May-96
</TABLE>
54
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-280528-13 650 32.8023 3-May-96 8-May-96
0503-280529-13 500 32.8023 3-May-96 8-May-96
0503-280530-13 2,000 32.8023 3-May-96 8-May-96
0503-280531-13 800 32.8023 3-May-96 8-May-96
0503-280532-13 400 32.8023 3-May-96 8-May-96
0503-280533-13 300 32.8023 3-May-96 8-May-96
0503-280534-13 800 32.8023 3-May-96 8-May-96
0503-280535-13 800 32.8023 3-May-96 8-May-96
0503-290447-13 2,000 31 1/4 3-May-96 8-May-96
0503-290454-13 1,000 31 7/8 3-May-96 8-May-96
0503-290484-13 5,000 33 3/8 3-May-96 8-May-96
0503-290498-13 100 32 2/4 3-May-96 8-May-96
0503-290499-13 2,000 33 3/4 3-May-96 8-May-96
0503-290502-13 5,000 32.6812 3-May-96 8-May-96
0503-290542-13 7,500 33.0104 3-May-96 8-May-96
0503-290543-13 7,500 33.0104 3-May-96 8-May-96
0503-300795-13 550 31 1/4 3-May-96 8-May-96
0503-300796-13 100 31 1/4 3-May-96 8-May-96
0503-300797-13 200 31 1/4 3-May-96 8-May-96
0503-300798-13 200 31 1/4 3-May-96 8-May-96
0503-300799-13 200 31 1/4 3-May-96 8-May-96
0503-300800-13 100 31 1/4 3-May-96 8-May-96
0503-300801-13 200 31 1/4 3-May-96 8-May-96
0503-300802-13 200 31 1/4 3-May-96 8-May-96
0503-300803-13 1,250 31 2/4 3-May-96 8-May-96
0503-300804-13 75 31 2/4 3-May-96 8-May-96
0503-300805-13 75 31 2/4 3-May-96 8-May-96
0503-300806-13 75 31 2/4 3-May-96 8-May-96
0503-300807-13 75 31 2/4 3-May-96 8-May-96
0503-300808-13 75 31 2/4 3-May-96 8-May-96
0503-300809-13 75 31 2/4 3-May-96 8-May-96
0503-300888-13 200 32 3-May-96 8-May-96
0503-300889-13 200 32 3-May-96 8-May-96
0503-300898-13 200 31 2/4 3-May-96 8-May-96
0503-300899-13 200 31 2/4 3-May-96 8-May-96
0503-300903-13 500 33 3/4 3-May-96 8-May-96
0503-300909-13 1,250 32 5/8 3-May-96 8-May-96
0503-300910-13 1,850 33 7/8 3-May-96 8-May-96
0503-300911-13 1,900 34 1/4 3-May-96 8-May-96
0503-300920-13 1,700 33.708 3-May-96 8-May-96
0503-300921-13 1,000 33.708 3-May-96 8-May-96
0503-300922-13 1,000 33.708 3-May-96 8-May-96
0503-300923-13 1,600 33.708 3-May-96 8-May-96
0503-300924-13 1,700 33.708 3-May-96 8-May-96
0503-300925-13 1,000 33.708 3-May-96 8-May-96
0503-330556-13 2,550 32 3-May-96 8-May-96
0503-330557-13 3,000 33 2/4 3-May-96 8-May-96
0503-334290-13 500 31 1/4 3-May-96 8-May-96
</TABLE>
55
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-334291-13 1,300 31 3/8 3-May-96 8-May-96
0503-334479-13 1,050 31 3/8 3-May-96 8-May-96
0503-334480-13 750 32 2/4 3-May-96 8-May-96
0503-334481-13 600 33 3/4 3-May-96 8-May-96
0503-334482-13 600 34 1/8 3-May-96 8-May-96
0503-723094-13 750 31 3/8 3-May-96 8-May-96
AsOf 0506-012805-12 1,000 32 1/4 3-May-96 8-May-96
AsOf 0506-016565-13 40,000 33.5367 3-May-96 8-May-96
AsOf 0506-016636-13 300 30 3/4 3-May-96 8-May-96
AsOf 0506-016637-13 200 30 3/4 3-May-96 8-May-96
AsOf 0506-016638-13 500 30 3/4 3-May-96 8-May-96
AsOf 0506-112066-13 6,000 31.844 3-May-96 8-May-96
AsOf 0506-112234-13 6,500 32.5769 3-May-96 8-May-96
AsOf 0506-140634-13 350 32.681 3-May-96 8-May-96
AsOf 0506-140635-13 250 32.681 3-May-96 8-May-96
AsOf 0506-140636-13 200 32.681 3-May-96 8-May-96
AsOf 0506-140637-13 200 32.681 3-May-96 8-May-96
AsOf 0506-140655-13 350 32.681 3-May-96 8-May-96
AsOf 0506-140656-13 250 32.681 3-May-96 8-May-96
AsOf 0506-140657-13 200 32.681 3-May-96 8-May-96
AsOf 0506-140658-13 200 32.681 3-May-96 8-May-96
AsOf 0506-140660-13 350 32.681 3-May-96 8-May-96
AsOf 0506-140661-13 250 32.681 3-May-96 8-May-96
AsOf 0506-140662-13 200 32.681 3-May-96 8-May-96
AsOf 0506-140663-13 200 32.681 3-May-96 8-May-96
AsOf 0506-140695-13 500 33 1/4 3-May-96 8-May-96
AsOf 0506-260501-13 150 33 2/4 3-May-96 8-May-96
AsOf 0506-260502-13 200 33 2/4 3-May-96 8-May-96
AsOf 0506-260503-13 200 33 2/4 3-May-96 8-May-96
AsOf 0506-260504-13 200 33 2/4 3-May-96 8-May-96
AsOf 0506-260681-13 900 32 3/4 3-May-96 8-May-96
AsOf 0506-260682-13 2,500 32 3/4 3-May-96 8-May-96
AsOf 0506-260683-13 450 32 3/4 3-May-96 8-May-96
AsOf 0506-260684-13 300 32 3/4 3-May-96 8-May-96
AsOf 0506-260685-13 200 32 3/4 3-May-96 8-May-96
AsOf 0506-260686-13 2,400 32 3/4 3-May-96 8-May-96
AsOf 0506-260687-13 450 32 3/4 3-May-96 8-May-96
AsOf 0506-260688-13 700 32 3/4 3-May-96 8-May-96
AsOf 0506-260689-13 1,200 32 3/4 3-May-96 8-May-96
AsOf 0506-260690-13 100 32 3/4 3-May-96 8-May-96
AsOf 0506-260691-13 50 32 3/4 3-May-96 8-May-96
AsOf 0506-260692-13 700 32 3/4 3-May-96 8-May-96
AsOf 0506-260693-13 50 32 3/4 3-May-96 8-May-96
AsOf 0506-260694-13 1,900 32 7/8 3-May-96 8-May-96
AsOf 0506-260695-13 8,100 32 7/8 3-May-96 8-May-96
AsOf 0506-260744-13 500 32 3-May-96 8-May-96
AsOf 0506-260745-13 1,400 32 3-May-96 8-May-96
AsOf 0506-260746-13 500 32 3-May-96 8-May-96
</TABLE>
56
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-260747-13 500 32 3-May-96 8-May-96
AsOf 0506-260748-13 500 32 3-May-96 8-May-96
AsOf 0506-260865-13 100 33 3/4 3-May-96 8-May-96
AsOf 0506-260866-13 100 33 3/4 3-May-96 8-May-96
AsOf 0506-260867-13 100 33 3/4 3-May-96 8-May-96
AsOf 0506-260868-13 100 33 3/4 3-May-96 8-May-96
AsOf 0506-260869-13 100 33 3/4 3-May-96 8-May-96
AsOf 0506-270534-13 700 32 5/8 3-May-96 8-May-96
AsOf 0506-270535-13 900 32 5/8 3-May-96 8-May-96
AsOf 0506-270536-13 2,400 32 5/8 3-May-96 8-May-96
AsOf 0506-270537-13 4,700 32 5/8 3-May-96 8-May-96
AsOf 0506-270538-13 700 32 5/8 3-May-96 8-May-96
AsOf 0506-270539-13 5,800 32 5/8 3-May-96 8-May-96
AsOf 0506-270540-13 4,800 32 5/8 3-May-96 8-May-96
AsOf 0506-280403-13 1,000 33.304 3-May-96 8-May-96
AsOf 0506-280404-13 2,500 33.304 3-May-96 8-May-96
AsOf 0506-290412-13 3,000 31.5833 3-May-96 8-May-96
AsOf 0506-290413-13 3,000 31.5833 3-May-96 8-May-96
AsOf 0506-300757-13 200 32.052 3-May-96 8-May-96
AsOf 0506-334050-13 2,000 31.863 3-May-96 8-May-96
AsOf 0506-334065-13 1,155 31 3/8 3-May-96 8-May-96
AsOf 0506-334066-13 825 32 2/4 3-May-96 8-May-96
AsOf 0506-334067-13 660 33 3/4 3-May-96 8-May-96
AsOf 0506-334068-13 660 34 1/8 3-May-96 8-May-96
AsOf 0506-334069-13 2,000 31 3/8 3-May-96 8-May-96
AsOf 0506-334070-13 1,300 31 3/8 3-May-96 8-May-96
Corr 0506-998574-13 175 33.2 3-May-96 8-May-96
Corr 0506-998575-13 175 33.2 3-May-96 8-May-96
Corr 0506-998577-13 175 33.2 3-May-96 8-May-96
Corr 0506-998579-13 175 33.2 3-May-96 8-May-96
Corr 0506-999397-13 2,000 31 3/8 3-May-96 8-May-96
Corr 0506-999500-13 100 32 3-May-96 8-May-96
Corr 0506-999512-13 7,000 31 1/4 3-May-96 8-May-96
Corr 0506-999535-13 4,200 31 1/4 3-May-96 8-May-96
Corr 0506-999693-13 100 32 3-May-96 8-May-96
Corr 0506-999697-13 100 32 3-May-96 8-May-96
Corr 0506-999698-13 100 32 3-May-96 8-May-96
Corr 0506-999700-13 100 32 3-May-96 8-May-96
Corr 0506-999702-13 100 32 3-May-96 8-May-96
Corr 0506-999703-13 100 32 3-May-96 8-May-96
Corr 0506-999705-13 100 32 3-May-96 8-May-96
Corr 0506-999716-13 1,800 31 3/8 3-May-96 8-May-96
7503-334292-13 2,000 31 3/8 3-May-96 8-May-96
7503-334338-13 4,000 34 3-May-96 8-May-96
7503-334342-13 5,000 34 3-May-96 8-May-96
7503-334504-13 17,000 32.1323 3-May-96 8-May-96
7503-334513-13 5,000 31 1/4 3-May-96 8-May-96
7503-334523-13 2,000 32 1/4 3-May-96 8-May-96
</TABLE>
57
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
7503-334524-13 1,000 33 2/4 3-May-96 8-May-96
7503-334525-13 500 33 2/4 3-May-96 8-May-96
7503-334526-13 1,000 31 1/4 3-May-96 8-May-96
7503-334527-13 1,000 31 1/4 3-May-96 8-May-96
7503-334530-13 5,000 31 1/4 3-May-96 8-May-96
7503-334531-13 2,000 31 1/4 3-May-96 8-May-96
7503-334532-13 2,000 31 1/4 3-May-96 8-May-96
7503-334533-13 5,000 31 1/4 3-May-96 8-May-96
7503-334534-13 3,000 31 1/4 3-May-96 8-May-96
7503-334662-13 2,480 31 3/4 3-May-96 8-May-96
7503-334663-13 1,390 31 3/4 3-May-96 8-May-96
7503-334664-13 1,130 31 3/4 3-May-96 8-May-96
AsOf 7506-334131-13 1,000 31 1/4 3-May-96 8-May-96
0506-016528-13 460 33 1/4 6-May-96 9-May-96
0506-016529-13 100 33 1/4 6-May-96 9-May-96
0506-016530-13 170 33 1/4 6-May-96 9-May-96
0506-016531-13 220 33 1/4 6-May-96 9-May-96
0506-016611-13 200 33 6-May-96 9-May-96
0506-016612-13 200 33 6-May-96 9-May-96
0506-016622-13 300 33 6-May-96 9-May-96
0506-016649-13 1,000 32 1/4 6-May-96 9-May-96
0506-016679-13 3,000 32 1/4 6-May-96 9-May-96
0506-016791-13 2,000 33 2/4 6-May-96 9-May-96
0506-016900-13 400 32 1/4 6-May-96 9-May-96
0506-017020-13 200 33 6-May-96 9-May-96
0506-017031-13 50 32 1/4 6-May-96 9-May-96
0506-020004-12 250 33 2/4 6-May-96 9-May-96
0506-020041-12 5,000 33 2/4 6-May-96 9-May-96
0506-020046-12 1,000 33 2/4 6-May-96 9-May-96
0506-020049-12 5,000 33 2/4 6-May-96 9-May-96
0506-020052-12 174 33 3/4 6-May-96 9-May-96
0506-020064-12 200 33 2/4 6-May-96 9-May-96
0506-020108-12 5,000 33 1/4 6-May-96 9-May-96
0506-020121-12 4,000 33 1/4 6-May-96 9-May-96
0506-020134-12 2,000 33 1/4 6-May-96 9-May-96
0506-020140-12 100 33 1/4 6-May-96 9-May-96
0506-020271-12 100 33 2/4 6-May-96 9-May-96
0506-020290-12 200 33 1/4 6-May-96 9-May-96
0506-020334-12 1,000 33 1/4 6-May-96 9-May-96
0506-020337-12 200 33 3/4 6-May-96 9-May-96
0506-020428-12 100 33 1/4 6-May-96 9-May-96
0506-020536-12 800 33 2/4 6-May-96 9-May-96
0506-020546-12 1,000 33 3/8 6-May-96 9-May-96
0506-020550-12 700 33 3/8 6-May-96 9-May-96
0506-020606-12 6,500 33 3/8 6-May-96 9-May-96
0506-020607-12 3,500 33 2/4 6-May-96 9-May-96
0506-020617-12 2,200 33 3/8 6-May-96 9-May-96
0506-020643-12 2,000 33 3/8 6-May-96 9-May-96
</TABLE>
58
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0506-020655-12 2,000 33 3/8 6-May-96 9-May-96
0506-020659-12 3,800 33 3/8 6-May-96 9-May-96
0506-020666-12 200 33 3/8 6-May-96 9-May-96
0506-020671-12 1,000 33 3/8 6-May-96 9-May-96
0506-020674-12 1,000 33 3/8 6-May-96 9-May-96
0506-020678-12 4,000 33 3/8 6-May-96 9-May-96
0506-020694-12 700 33 2/4 6-May-96 9-May-96
0506-020816-12 900 33 3/8 6-May-96 9-May-96
0506-020829-12 3,000 33 3/8 6-May-96 9-May-96
0506-020958-12 100 33 1/4 6-May-96 9-May-96
0506-020969-12 1,125 33 1/4 6-May-96 9-May-96
0506-021004-12 1,000 33 3/8 6-May-96 9-May-96
0506-021016-12 1,000 33 3/8 6-May-96 9-May-96
0506-021024-12 1,000 33 3/8 6-May-96 9-May-96
0506-021025-12 4,000 33 3/8 6-May-96 9-May-96
0506-021035-12 3,500 33 3/8 6-May-96 9-May-96
0506-021049-12 2,500 33 3/8 6-May-96 9-May-96
0506-021156-12 200 33 1/4 6-May-96 9-May-96
0506-021162-12 200 33 1/4 6-May-96 9-May-96
0506-021211-12 2,350 33 1/4 6-May-96 9-May-96
0506-021242-12 6,500 33 6-May-96 9-May-96
0506-021255-12 300 33 6-May-96 9-May-96
0506-021291-12 5,000 33 6-May-96 9-May-96
0506-021298-12 100 33 6-May-96 9-May-96
0506-021308-12 1,000 33 6-May-96 9-May-96
0506-021317-12 500 33 6-May-96 9-May-96
0506-021331-12 1,500 33 6-May-96 9-May-96
0506-021341-12 500 32 3/4 6-May-96 9-May-96
0506-021375-12 500 32 3/4 6-May-96 9-May-96
0506-021387-12 8,500 32 3/4 6-May-96 9-May-96
0506-021407-12 150 32 3/4 6-May-96 9-May-96
0506-021463-12 500 33 1/4 6-May-96 9-May-96
0506-021497-12 1,000 32 3/4 6-May-96 9-May-96
0506-021781-12 1,000 32 2/4 6-May-96 9-May-96
0506-021791-12 1,000 32 1/4 6-May-96 9-May-96
0506-021911-12 400 32 6-May-96 9-May-96
0506-022061-12 2,500 32 3/8 6-May-96 9-May-96
0506-022062-12 1,000 32 3/8 6-May-96 9-May-96
0506-022063-12 2,500 32 3/8 6-May-96 9-May-96
0506-022066-12 5,000 32 3/8 6-May-96 9-May-96
0506-022073-12 4,000 32 3/8 6-May-96 9-May-96
0506-022077-12 200 32 1/4 6-May-96 9-May-96
0506-022081-12 3,000 32 3/8 6-May-96 9-May-96
0506-022090-12 1,000 32 3/8 6-May-96 9-May-96
0506-022129-12 200 32 1/4 6-May-96 9-May-96
0506-022244-12 200 32 1/4 6-May-96 9-May-96
0506-022262-12 200 32 1/4 6-May-96 9-May-96
0506-022267-12 200 32 1/4 6-May-96 9-May-96
</TABLE>
59
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0506-022295-12 200 32 1/4 6-May-96 9-May-96
0506-022319-12 100 32 1/4 6-May-96 9-May-96
0506-022350-12 100 32 1/4 6-May-96 9-May-96
0506-022396-12 1,000 32 3/8 6-May-96 9-May-96
0506-022398-12 5,000 32 3/8 6-May-96 9-May-96
0506-022402-12 1,500 32 3/8 6-May-96 9-May-96
0506-022410-12 100 32 1/4 6-May-96 9-May-96
0506-022418-12 5,000 32 1/4 6-May-96 9-May-96
0506-022420-12 800 32 3/8 6-May-96 9-May-96
0506-022436-12 1,000 32 3/8 6-May-96 9-May-96
0506-022439-12 6,000 32 3/8 6-May-96 9-May-96
0506-022442-12 2,000 32 3/8 6-May-96 9-May-96
0506-022857-12 500 32 3/8 6-May-96 9-May-96
0506-022946-12 700 32 3/8 6-May-96 9-May-96
0506-023026-12 100 32 1/4 6-May-96 9-May-96
0506-023028-12 200 32 1/4 6-May-96 9-May-96
0506-023053-12 900 32 1/4 6-May-96 9-May-96
0506-023064-12 1,000 32 1/8 6-May-96 9-May-96
0506-023074-12 1,000 32 1/8 6-May-96 9-May-96
0506-023075-12 2,000 32 1/8 6-May-96 9-May-96
0506-023078-12 5,000 32 1/8 6-May-96 9-May-96
0506-023080-12 5,000 32 1/8 6-May-96 9-May-96
0506-023087-12 2,000 32 1/8 6-May-96 9-May-96
0506-023089-12 5,000 32 1/8 6-May-96 9-May-96
0506-023102-12 800 32 1/8 6-May-96 9-May-96
0506-023104-12 1,000 32 1/8 6-May-96 9-May-96
0506-023130-12 500 32 6-May-96 9-May-96
0506-023295-12 500 32 6-May-96 9-May-96
0506-023297-12 2,500 32 6-May-96 9-May-96
0506-023316-12 2,100 32 6-May-96 9-May-96
0506-023321-12 2,900 32 6-May-96 9-May-96
0506-023349-12 1,000 32 6-May-96 9-May-96
0506-023351-12 200 31 3/4 6-May-96 9-May-96
0506-023355-12 5,000 31 3/4 6-May-96 9-May-96
0506-023365-12 450 31 2/4 6-May-96 9-May-96
0506-023366-12 1,000 31 3/4 6-May-96 9-May-96
0506-023405-12 5,000 31 1/4 6-May-96 9-May-96
0506-023462-12 3,000 31 1/4 6-May-96 9-May-96
0506-023531-12 100 31 1/4 6-May-96 9-May-96
0506-023768-12 600 31 2/4 6-May-96 9-May-96
0506-023769-12 500 31 2/4 6-May-96 9-May-96
0506-023771-12 1,400 31 2/4 6-May-96 9-May-96
0506-023793-12 100 31 2/4 6-May-96 9-May-96
0506-024129-12 2,000 31 2/4 6-May-96 9-May-96
0506-024132-12 3,500 31 2/4 6-May-96 9-May-96
0506-024133-12 1,000 31 2/4 6-May-96 9-May-96
0506-024267-12 175 32 6-May-96 9-May-96
0506-024305-12 400 31 1/4 6-May-96 9-May-96
</TABLE>
60
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0506-100561-13 5,000 31 1/4 6-May-96 9-May-96
0506-100578-13 2,200 33.364 6-May-96 9-May-96
0506-100579-13 300 33.364 6-May-96 9-May-96
0506-100580-13 100 33.364 6-May-96 9-May-96
0506-100581-13 100 33.364 6-May-96 9-May-96
0506-100582-13 100 33.364 6-May-96 9-May-96
0506-100583-13 800 33.364 6-May-96 9-May-96
0506-100584-13 17,800 33.364 6-May-96 9-May-96
0506-100585-13 500 33.364 6-May-96 9-May-96
0506-100591-13 250 32 6-May-96 9-May-96
0506-100613-13 6,000 32.083 6-May-96 9-May-96
0506-100616-13 5,000 32 1/4 6-May-96 9-May-96
0506-100620-13 1,000 32 6-May-96 9-May-96
0506-100621-13 1,000 32 6-May-96 9-May-96
0506-100622-13 2,500 32 6-May-96 9-May-96
0506-100623-13 500 32 6-May-96 9-May-96
0506-100699-13 100 31 1/4 6-May-96 9-May-96
0506-100700-13 100 31 1/4 6-May-96 9-May-96
0506-100701-13 100 31 1/4 6-May-96 9-May-96
0506-100703-13 500 32 1/4 6-May-96 9-May-96
0506-100704-13 500 32 1/4 6-May-96 9-May-96
0506-100705-13 250 32 1/4 6-May-96 9-May-96
0506-100706-13 250 32 1/4 6-May-96 9-May-96
0506-100707-13 500 32 1/4 6-May-96 9-May-96
0506-100708-13 250 32 1/4 6-May-96 9-May-96
0506-100709-13 500 32 1/4 6-May-96 9-May-96
0506-100710-13 500 32 1/4 6-May-96 9-May-96
0506-100711-13 250 32 1/4 6-May-96 9-May-96
0506-100712-13 250 32 1/4 6-May-96 9-May-96
0506-100713-13 250 32 1/4 6-May-96 9-May-96
0506-100833-13 2,000 32.071 6-May-96 9-May-96
0506-101082-13 200 31 2/4 6-May-96 9-May-96
0506-101110-13 300 33 1/4 6-May-96 9-May-96
0506-101111-13 300 33 1/4 6-May-96 9-May-96
0506-101112-13 100 33 1/4 6-May-96 9-May-96
0506-101113-13 1,500 33 1/4 6-May-96 9-May-96
0506-101114-13 300 33 1/4 6-May-96 9-May-96
0506-101115-13 100 33 1/4 6-May-96 9-May-96
0506-101116-13 800 33 1/4 6-May-96 9-May-96
0506-101117-13 300 33 1/4 6-May-96 9-May-96
0506-101118-13 100 33 1/4 6-May-96 9-May-96
0506-101119-13 1,200 33 1/4 6-May-96 9-May-96
0506-112557-13 5,600 32 3/8 6-May-96 9-May-96
0506-112558-13 2,200 32 3/8 6-May-96 9-May-96
0506-112559-13 6,100 32 3/8 6-May-96 9-May-96
0506-112560-13 1,100 32 3/8 6-May-96 9-May-96
0506-112749-13 500 32 6-May-96 9-May-96
0506-113791-13 2,700 33 2/4 6-May-96 9-May-96
</TABLE>
61
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0506-113792-13 1,600 33 2/4 6-May-96 9-May-96
0506-113793-13 400 33 2/4 6-May-96 9-May-96
0506-113794-13 900 33 2/4 6-May-96 9-May-96
0506-113795-13 100 33 2/4 6-May-96 9-May-96
0506-113796-13 800 33 2/4 6-May-96 9-May-96
0506-113797-13 900 33 2/4 6-May-96 9-May-96
0506-113798-13 200 33 2/4 6-May-96 9-May-96
0506-113799-13 200 33 2/4 6-May-96 9-May-96
0506-113988-13 2,850 32 2/4 6-May-96 9-May-96
0506-120004-13 200 33 2/4 6-May-96 9-May-96
0506-120015-13 200 32 3/8 6-May-96 9-May-96
0506-120079-13 250 32 1/8 6-May-96 9-May-96
0506-120130-13 600 32 1/4 6-May-96 9-May-96
0506-140402-13 300 32 7/8 6-May-96 9-May-96
0506-140498-13 100 33 2/4 6-May-96 9-May-96
0506-140504-13 200 33 2/4 6-May-96 9-May-96
0506-140551-13 300 33 6-May-96 9-May-96
0506-200262-13 200 33 6-May-96 9-May-96
0506-200267-13 200 33 6-May-96 9-May-96
0506-200268-13 300 33 6-May-96 9-May-96
0506-200283-13 250 31 7/8 6-May-96 9-May-96
0506-206038-13 18,500 33 5/8 6-May-96 9-May-96
0506-206039-13 400 33 5/8 6-May-96 9-May-96
0506-206073-13 4,800 32 1/4 6-May-96 9-May-96
0506-206074-13 2,900 32 1/4 6-May-96 9-May-96
0506-206092-13 2,000 32 3/4 6-May-96 9-May-96
0506-206093-13 500 32 3/4 6-May-96 9-May-96
0506-206105-13 11,500 33 1/4 6-May-96 9-May-96
0506-206120-13 10,000 32 3/8 6-May-96 9-May-96
0506-206388-13 15,000 32 1/4 6-May-96 9-May-96
0506-260538-13 5,000 33 3/4 6-May-96 9-May-96
0506-260557-13 1,000 33.17 6-May-96 9-May-96
0506-260558-13 1,000 33.17 6-May-96 9-May-96
0506-260559-13 2,000 33.15 6-May-96 9-May-96
0506-260612-13 200 32 6-May-96 9-May-96
0506-260613-13 1,000 32 6-May-96 9-May-96
0506-260614-13 1,000 32 6-May-96 9-May-96
0506-260615-13 1,000 32 6-May-96 9-May-96
0506-260627-13 1,000 33 6-May-96 9-May-96
0506-260670-13 1,000 31 2/4 6-May-96 9-May-96
0506-260672-13 3,500 31 2/4 6-May-96 9-May-96
0506-260882-13 500 32.977 6-May-96 9-May-96
0506-260883-13 700 32.977 6-May-96 9-May-96
0506-260884-13 800 32.977 6-May-96 9-May-96
0506-260885-13 800 32.977 6-May-96 9-May-96
0506-260886-13 1,000 32.977 6-May-96 9-May-96
0506-260887-13 600 32.977 6-May-96 9-May-96
0506-260888-13 1,500 32.977 6-May-96 9-May-96
</TABLE>
62
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0506-260889-13 600 32.977 6-May-96 9-May-96
0506-260890-13 400 32.977 6-May-96 9-May-96
0506-260891-13 650 32.977 6-May-96 9-May-96
0506-260892-13 650 32.977 6-May-96 9-May-96
0506-260893-13 600 32.977 6-May-96 9-May-96
0506-260894-13 1,200 32.977 6-May-96 9-May-96
0506-260895-13 1,000 32.977 6-May-96 9-May-96
0506-270554-13 20,000 33 3/8 6-May-96 9-May-96
0506-270581-13 1,000 32 6-May-96 9-May-96
0506-270769-13 200 32 6-May-96 9-May-96
0506-270770-13 100 32 6-May-96 9-May-96
0506-270771-13 100 32 6-May-96 9-May-96
0506-270772-13 100 32 6-May-96 9-May-96
0506-270773-13 100 32 6-May-96 9-May-96
0506-270774-13 100 32 6-May-96 9-May-96
0506-270775-13 100 32 6-May-96 9-May-96
0506-270776-13 100 32 6-May-96 9-May-96
0506-270777-13 150 32 6-May-96 9-May-96
0506-270934-13 250 31.1 6-May-96 9-May-96
0506-270935-13 300 31.1 6-May-96 9-May-96
0506-270961-13 200 31.05 6-May-96 9-May-96
0506-270988-13 450 32.885 6-May-96 9-May-96
0506-270989-13 450 32.885 6-May-96 9-May-96
0506-271078-13 200 32.02 6-May-96 9-May-96
0506-280454-13 500 32 1/4 6-May-96 9-May-96
0506-280458-13 500 33.0735 6-May-96 9-May-96
0506-280459-13 1,000 33.0735 6-May-96 9-May-96
0506-280460-13 500 33.0735 6-May-96 9-May-96
0506-280461-13 500 33.0735 6-May-96 9-May-96
0506-280462-13 800 33.0735 6-May-96 9-May-96
0506-280463-13 1,000 33.0735 6-May-96 9-May-96
0506-280464-13 500 33.0735 6-May-96 9-May-96
0506-280465-13 500 33.0735 6-May-96 9-May-96
0506-280466-13 1,000 33.0735 6-May-96 9-May-96
0506-280467-13 500 33.0735 6-May-96 9-May-96
0506-280481-13 100 32 6-May-96 9-May-96
0506-280485-13 100 32 6-May-96 9-May-96
0506-280486-13 100 32 6-May-96 9-May-96
0506-280487-13 100 32 6-May-96 9-May-96
0506-280489-13 100 32 6-May-96 9-May-96
0506-280496-13 100 31 1/4 6-May-96 9-May-96
0506-280497-13 100 31 1/4 6-May-96 9-May-96
0506-280498-13 100 32 6-May-96 9-May-96
0506-280499-13 100 32 6-May-96 9-May-96
0506-290457-13 100 33 2/4 6-May-96 9-May-96
0506-290465-13 100 33 2/4 6-May-96 9-May-96
0506-290466-13 100 33 2/4 6-May-96 9-May-96
0506-290467-13 100 33 2/4 6-May-96 9-May-96
</TABLE>
63
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0506-290559-13 200 31.03 6-May-96 9-May-96
0506-290560-13 200 31.645 6-May-96 9-May-96
0506-290590-13 100 33 1/4 6-May-96 9-May-96
0506-300889-13 250 31.7 6-May-96 9-May-96
0506-300890-13 250 31.7 6-May-96 9-May-96
0506-334014-13 500 33.05 6-May-96 9-May-96
0506-334031-13 5,250 33 2/4 6-May-96 9-May-96
0506-334074-13 1,000 33 6-May-96 9-May-96
0506-723002-13 200 33 2/4 6-May-96 9-May-96
0506-723048-13 3,500 33.08 6-May-96 9-May-96
0506-723081-13 1,500 32 6-May-96 9-May-96
7506-334087-13 600 32.8 6-May-96 9-May-96
7506-334171-13 500 33 2/4 6-May-96 9-May-96
7506-334172-13 1,000 33 2/4 6-May-96 9-May-96
7506-334296-13 1,000 33 1/4 6-May-96 9-May-96
7506-334312-13 1,000 32 1/4 6-May-96 9-May-96
7506-334314-13 1,000 32 2/4 6-May-96 9-May-96
AsOf 0506-334065-12 1,155 31 3/8 3-May-96 8-May-96
AsOf 0506-334066-12 825 32 2/4 3-May-96 8-May-96
AsOf 0506-334067-12 660 33 3/4 3-May-96 8-May-96
AsOf 0506-334068-12 660 34 1/8 3-May-96 8-May-96
AsOf 0503-030074-13 5,000 15 2-May-96 8-May-96
AsOf 0503-030075-13 5,000 15 2-May-96 8-May-96
AsOf 0503-030076-13 5,000 15 2-May-96 8-May-96
AsOf 0503-030077-13 3,000 15 2-May-96 8-May-96
AsOf 0503-030078-13 2,500 15 2-May-96 8-May-96
AsOf 0503-030079-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030080-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030081-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030082-13 500 15 2-May-96 8-May-96
AsOf 0503-030083-13 500 15 2-May-96 8-May-96
AsOf 0503-030121-13 10,250 15 2-May-96 8-May-96
AsOf 0503-030122-13 500 15 2-May-96 8-May-96
AsOf 0503-030123-13 500 15 2-May-96 8-May-96
AsOf 0503-030124-13 300 15 2-May-96 8-May-96
AsOf 0503-030125-13 100 15 2-May-96 8-May-96
AsOf 0503-030126-13 3,500 15 2-May-96 8-May-96
AsOf 0503-030127-13 200 15 2-May-96 8-May-96
AsOf 0503-030128-13 300 15 2-May-96 8-May-96
AsOf 0503-030129-13 100 15 2-May-96 8-May-96
AsOf 0503-030130-13 700 15 2-May-96 8-May-96
AsOf 0503-030131-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030139-13 500 15 2-May-96 8-May-96
AsOf 0503-030141-13 450 15 2-May-96 8-May-96
AsOf 0503-030142-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030143-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030144-13 2,000 15 2-May-96 8-May-96
0503-030147-13 1,000 15 2-May-96 8-May-96
</TABLE>
64
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030148-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030149-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030150-13 500 15 2-May-96 8-May-96
AsOf 0503-030151-13 500 15 2-May-96 8-May-96
AsOf 0503-030152-13 500 15 2-May-96 8-May-96
AsOf 0503-030153-13 500 15 2-May-96 8-May-96
AsOf 0503-030154-13 1,700 15 2-May-96 8-May-96
AsOf 0503-030157-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030160-13 1,500 15 2-May-96 8-May-96
AsOf 0503-030161-13 475 15 2-May-96 8-May-96
AsOf 0503-030162-13 175 15 2-May-96 8-May-96
AsOf 0503-030163-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030199-13 200 15 2-May-96 8-May-96
AsOf 0503-030213-13 300 15 2-May-96 8-May-96
AsOf 0503-030214-13 100 15 2-May-96 8-May-96
AsOf 0503-030215-13 250 15 2-May-96 8-May-96
AsOf 0503-030216-13 600 15 2-May-96 8-May-96
AsOf 0503-030217-13 500 15 2-May-96 8-May-96
AsOf 0503-030218-13 250 15 2-May-96 8-May-96
AsOf 0503-030219-13 500 15 2-May-96 8-May-96
AsOf 0503-030220-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030221-13 500 15 2-May-96 8-May-96
AsOf 0503-030222-13 100 15 2-May-96 8-May-96
AsOf 0503-030224-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030225-13 400 15 2-May-96 8-May-96
AsOf 0503-030226-13 200 15 2-May-96 8-May-96
AsOf 0503-030227-13 100 15 2-May-96 8-May-96
AsOf 0503-030228-13 100 15 2-May-96 8-May-96
AsOf 0503-030268-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030274-13 3,000 15 2-May-96 8-May-96
AsOf 0503-030276-13 100 15 2-May-96 8-May-96
AsOf 0503-030277-13 100 15 2-May-96 8-May-96
AsOf 0503-030278-13 100 15 2-May-96 8-May-96
AsOf 0503-030279-13 100 15 2-May-96 8-May-96
AsOf 0503-030280-13 500 15 2-May-96 8-May-96
AsOf 0503-030281-13 200 15 2-May-96 8-May-96
0503-030298-13 300 15 2-May-96 8-May-96
AsOf 0503-030299-13 300 15 2-May-96 8-May-96
0503-030300-13 300 15 2-May-96 8-May-96
0503-030301-13 300 15 2-May-96 8-May-96
AsOf 0503-030302-13 200 15 2-May-96 8-May-96
AsOf 0503-030332-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030333-13 100 15 2-May-96 8-May-96
AsOf 0503-030343-13 100 15 2-May-96 8-May-96
AsOf 0503-030344-13 300 15 2-May-96 8-May-96
AsOf 0503-030345-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030349-13 100 15 2-May-96 8-May-96
AsOf 0503-030354-13 50 15 2-May-96 8-May-96
</TABLE>
65
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030355-13 50 15 2-May-96 8-May-96
AsOf 0503-030356-13 100 15 2-May-96 8-May-96
AsOf 0503-030357-13 100 15 2-May-96 8-May-96
AsOf 0503-030360-13 300 15 2-May-96 8-May-96
AsOf 0503-030361-13 300 15 2-May-96 8-May-96
AsOf 0503-030362-13 225 15 2-May-96 8-May-96
AsOf 0503-030363-13 225 15 2-May-96 8-May-96
AsOf 0503-030364-13 175 15 2-May-96 8-May-96
AsOf 0503-030365-13 175 15 2-May-96 8-May-96
AsOf 0503-030366-13 175 15 2-May-96 8-May-96
AsOf 0503-030367-13 175 15 2-May-96 8-May-96
AsOf 0503-030368-13 175 15 2-May-96 8-May-96
AsOf 0503-030369-13 300 15 2-May-96 8-May-96
AsOf 0503-030370-13 500 15 2-May-96 8-May-96
AsOf 0503-030371-13 500 15 2-May-96 8-May-96
AsOf 0503-030372-13 500 15 2-May-96 8-May-96
AsOf 0503-030373-13 100 15 2-May-96 8-May-96
AsOf 0503-030376-13 100 15 2-May-96 8-May-96
AsOf 0503-030377-13 200 15 2-May-96 8-May-96
AsOf 0503-030378-13 200 15 2-May-96 8-May-96
AsOf 0503-030380-13 400 15 2-May-96 8-May-96
AsOf 0503-030381-13 100 15 2-May-96 8-May-96
AsOf 0503-030382-13 100 15 2-May-96 8-May-96
AsOf 0503-030383-13 100 15 2-May-96 8-May-96
AsOf 0503-030384-13 100 15 2-May-96 8-May-96
AsOf 0503-030395-13 400 15 2-May-96 8-May-96
AsOf 0503-030396-13 500 15 2-May-96 8-May-96
AsOf 0503-030410-13 100 15 2-May-96 8-May-96
AsOf 0503-030411-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030412-13 200 15 2-May-96 8-May-96
AsOf 0503-030413-13 200 15 2-May-96 8-May-96
AsOf 0503-030414-13 200 15 2-May-96 8-May-96
AsOf 0503-030415-13 200 15 2-May-96 8-May-96
AsOf 0503-030416-13 200 15 2-May-96 8-May-96
AsOf 0503-030417-13 200 15 2-May-96 8-May-96
AsOf 0503-030418-13 200 15 2-May-96 8-May-96
AsOf 0503-030419-13 200 15 2-May-96 8-May-96
AsOf 0503-030420-13 200 15 2-May-96 8-May-96
AsOf 0503-030421-13 200 15 2-May-96 8-May-96
AsOf 0503-030422-13 200 15 2-May-96 8-May-96
AsOf 0503-030423-13 200 15 2-May-96 8-May-96
AsOf 0503-030424-13 200 15 2-May-96 8-May-96
AsOf 0503-030425-13 200 15 2-May-96 8-May-96
AsOf 0503-030426-13 150 15 2-May-96 8-May-96
AsOf 0503-030427-13 600 15 2-May-96 8-May-96
AsOf 0503-030428-13 175 15 2-May-96 8-May-96
AsOf 0503-030439-13 75 15 2-May-96 8-May-96
AsOf 0503-030440-13 100 15 2-May-96 8-May-96
</TABLE>
66
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030441-13 100 15 2-May-96 8-May-96
AsOf 0503-030442-13 100 15 2-May-96 8-May-96
AsOf 0503-030443-13 75 15 2-May-96 8-May-96
AsOf 0503-030444-13 75 15 2-May-96 8-May-96
AsOf 0503-030445-13 75 15 2-May-96 8-May-96
AsOf 0503-030446-13 100 15 2-May-96 8-May-96
AsOf 0503-030447-13 5,000 15 2-May-96 8-May-96
AsOf 0503-030450-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030463-13 11,500 15 2-May-96 8-May-96
AsOf 0503-030466-13 250 15 2-May-96 8-May-96
AsOf 0503-030467-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030474-13 5,000 15 2-May-96 8-May-96
AsOf 0503-030481-13 200 15 2-May-96 8-May-96
AsOf 0503-030482-13 200 15 2-May-96 8-May-96
AsOf 0503-030483-13 200 15 2-May-96 8-May-96
AsOf 0503-030484-13 200 15 2-May-96 8-May-96
AsOf 0503-030486-13 200 15 2-May-96 8-May-96
AsOf 0503-030487-13 200 15 2-May-96 8-May-96
AsOf 0503-030488-13 200 15 2-May-96 8-May-96
AsOf 0503-030489-13 200 15 2-May-96 8-May-96
AsOf 0503-030490-13 200 15 2-May-96 8-May-96
AsOf 0503-030492-13 6,000 15 2-May-96 8-May-96
AsOf 0503-030506-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030507-13 800 15 2-May-96 8-May-96
AsOf 0503-030508-13 400 15 2-May-96 8-May-96
AsOf 0503-030509-13 200 15 2-May-96 8-May-96
AsOf 0503-030510-13 300 15 2-May-96 8-May-96
AsOf 0503-030511-13 200 15 2-May-96 8-May-96
AsOf 0503-030512-13 700 15 2-May-96 8-May-96
AsOf 0503-030513-13 2,100 15 2-May-96 8-May-96
AsOf 0503-030514-13 100 15 2-May-96 8-May-96
AsOf 0503-030515-13 100 15 2-May-96 8-May-96
AsOf 0503-030516-13 50 15 2-May-96 8-May-96
AsOf 0503-030517-13 100 15 2-May-96 8-May-96
AsOf 0503-030518-13 1,200 15 2-May-96 8-May-96
AsOf 0503-030519-13 300 15 2-May-96 8-May-96
AsOf 0503-030520-13 300 15 2-May-96 8-May-96
AsOf 0503-030522-13 3,000 15 2-May-96 8-May-96
AsOf 0503-030526-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030534-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030535-13 200 15 2-May-96 8-May-96
AsOf 0503-030536-13 100 15 2-May-96 8-May-96
AsOf 0503-030537-13 500 15 2-May-96 8-May-96
AsOf 0503-030538-13 30 15 2-May-96 8-May-96
AsOf 0503-030539-13 500 15 2-May-96 8-May-96
AsOf 0503-030540-13 800 15 2-May-96 8-May-96
AsOf 0503-030541-13 100 15 2-May-96 8-May-96
AsOf 0503-030542-13 100 15 2-May-96 8-May-96
</TABLE>
67
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030543-13 200 15 2-May-96 8-May-96
AsOf 0503-030544-13 20 15 2-May-96 8-May-96
AsOf 0503-030545-13 100 15 2-May-96 8-May-96
AsOf 0503-030546-13 200 15 2-May-96 8-May-96
AsOf 0503-030547-13 300 15 2-May-96 8-May-96
AsOf 0503-030550-13 5,000 15 2-May-96 8-May-96
AsOf 0503-030552-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030553-13 200 15 2-May-96 8-May-96
AsOf 0503-030556-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030557-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030559-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030560-13 4,000 15 2-May-96 8-May-96
AsOf 0503-030561-13 3,000 15 2-May-96 8-May-96
AsOf 0503-030562-13 100 15 2-May-96 8-May-96
AsOf 0503-030563-13 50 15 2-May-96 8-May-96
AsOf 0503-030564-13 100 15 2-May-96 8-May-96
AsOf 0503-030565-13 50 15 2-May-96 8-May-96
AsOf 0503-030568-13 50 15 2-May-96 8-May-96
AsOf 0503-030569-13 100 15 2-May-96 8-May-96
AsOf 0503-030570-13 100 15 2-May-96 8-May-96
AsOf 0503-030571-13 50 15 2-May-96 8-May-96
AsOf 0503-030572-13 100 15 2-May-96 8-May-96
AsOf 0503-030573-13 100 15 2-May-96 8-May-96
AsOf 0503-030574-13 500 15 2-May-96 8-May-96
AsOf 0503-030575-13 3,000 15 2-May-96 8-May-96
AsOf 0503-030576-13 2,500 15 2-May-96 8-May-96
AsOf 0503-030577-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030587-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030605-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030606-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030609-13 200 15 2-May-96 8-May-96
AsOf 0503-030610-13 400 15 2-May-96 8-May-96
AsOf 0503-030611-13 200 15 2-May-96 8-May-96
AsOf 0503-030612-13 200 15 2-May-96 8-May-96
AsOf 0503-030613-13 250 15 2-May-96 8-May-96
AsOf 0503-030614-13 250 15 2-May-96 8-May-96
AsOf 0503-030615-13 23,600 15 2-May-96 8-May-96
AsOf 0503-030616-13 100 15 2-May-96 8-May-96
AsOf 0503-030617-13 100 15 2-May-96 8-May-96
AsOf 0503-030618-13 100 15 2-May-96 8-May-96
AsOf 0503-030619-13 100 15 2-May-96 8-May-96
AsOf 0503-030620-13 100 15 2-May-96 8-May-96
AsOf 0503-030621-13 100 15 2-May-96 8-May-96
AsOf 0503-030622-13 600 15 2-May-96 8-May-96
AsOf 0503-030623-13 200 15 2-May-96 8-May-96
AsOf 0503-030630-13 600 15 2-May-96 8-May-96
AsOf 0503-030631-13 600 15 2-May-96 8-May-96
AsOf 0503-030632-13 1,000 15 2-May-96 8-May-96
</TABLE>
68
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030633-13 500 15 2-May-96 8-May-96
AsOf 0503-030644-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030645-13 500 15 2-May-96 8-May-96
AsOf 0503-030646-13 500 15 2-May-96 8-May-96
AsOf 0503-030647-13 400 15 2-May-96 8-May-96
AsOf 0503-030648-13 300 15 2-May-96 8-May-96
AsOf 0503-030649-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030651-13 500 15 2-May-96 8-May-96
AsOf 0503-030652-13 100 15 2-May-96 8-May-96
AsOf 0503-030653-13 200 15 2-May-96 8-May-96
AsOf 0503-030654-13 200 15 2-May-96 8-May-96
AsOf 0503-030655-13 200 15 2-May-96 8-May-96
AsOf 0503-030656-13 200 15 2-May-96 8-May-96
AsOf 0503-030657-13 200 15 2-May-96 8-May-96
AsOf 0503-030683-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030698-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030708-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030711-13 400 15 2-May-96 8-May-96
AsOf 0503-030712-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030713-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030716-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030717-13 200 15 2-May-96 8-May-96
AsOf 0503-030719-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030726-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030739-13 300 15 2-May-96 8-May-96
AsOf 0503-030746-13 500 15 2-May-96 8-May-96
AsOf 0503-030747-13 90 15 2-May-96 8-May-96
AsOf 0503-030749-13 100 15 2-May-96 8-May-96
AsOf 0503-030751-13 600 15 2-May-96 8-May-96
AsOf 0503-030752-13 300 15 2-May-96 8-May-96
AsOf 0503-030753-13 700 15 2-May-96 8-May-96
AsOf 0503-030756-13 600 15 2-May-96 8-May-96
AsOf 0503-030757-13 325 15 2-May-96 8-May-96
AsOf 0503-030758-13 325 15 2-May-96 8-May-96
AsOf 0503-030759-13 325 15 2-May-96 8-May-96
AsOf 0503-030760-13 325 15 2-May-96 8-May-96
AsOf 0503-030761-13 200 15 2-May-96 8-May-96
AsOf 0503-030780-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030781-13 100 15 2-May-96 8-May-96
AsOf 0503-030782-13 100 15 2-May-96 8-May-96
AsOf 0503-030783-13 100 15 2-May-96 8-May-96
AsOf 0503-030784-13 100 15 2-May-96 8-May-96
AsOf 0503-030785-13 100 15 2-May-96 8-May-96
AsOf 0503-030786-13 100 15 2-May-96 8-May-96
AsOf 0503-030787-13 100 15 2-May-96 8-May-96
AsOf 0503-030788-13 100 15 2-May-96 8-May-96
AsOf 0503-030789-13 100 15 2-May-96 8-May-96
AsOf 0503-030790-13 100 15 2-May-96 8-May-96
</TABLE>
69
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030791-13 100 15 2-May-96 8-May-96
AsOf 0503-030792-13 100 15 2-May-96 8-May-96
AsOf 0503-030793-13 100 15 2-May-96 8-May-96
AsOf 0503-030794-13 100 15 2-May-96 8-May-96
AsOf 0503-030826-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030835-13 800 15 2-May-96 8-May-96
AsOf 0503-030836-13 200 15 2-May-96 8-May-96
AsOf 0503-030837-13 200 15 2-May-96 8-May-96
AsOf 0503-030838-13 200 15 2-May-96 8-May-96
AsOf 0503-030839-13 200 15 2-May-96 8-May-96
AsOf 0503-030840-13 200 15 2-May-96 8-May-96
AsOf 0503-030841-13 200 15 2-May-96 8-May-96
AsOf 0503-030842-13 200 15 2-May-96 8-May-96
AsOf 0503-030843-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030844-13 700 15 2-May-96 8-May-96
AsOf 0503-030845-13 300 15 2-May-96 8-May-96
AsOf 0503-030846-13 100 15 2-May-96 8-May-96
AsOf 0503-030847-13 100 15 2-May-96 8-May-96
AsOf 0503-030848-13 200 15 2-May-96 8-May-96
AsOf 0503-030849-13 200 15 2-May-96 8-May-96
AsOf 0503-030850-13 300 15 2-May-96 8-May-96
AsOf 0503-030851-13 200 15 2-May-96 8-May-96
AsOf 0503-030852-13 200 15 2-May-96 8-May-96
AsOf 0503-030853-13 200 15 2-May-96 8-May-96
AsOf 0503-030854-13 200 15 2-May-96 8-May-96
AsOf 0503-030855-13 300 15 2-May-96 8-May-96
AsOf 0503-030856-13 200 15 2-May-96 8-May-96
AsOf 0503-030857-13 300 15 2-May-96 8-May-96
AsOf 0503-030858-13 200 15 2-May-96 8-May-96
AsOf 0503-030859-13 100 15 2-May-96 8-May-96
AsOf 0503-030860-13 100 15 2-May-96 8-May-96
AsOf 0503-030861-13 50 15 2-May-96 8-May-96
AsOf 0503-030862-13 50 15 2-May-96 8-May-96
AsOf 0503-030863-13 100 15 2-May-96 8-May-96
AsOf 0503-030864-13 150 15 2-May-96 8-May-96
AsOf 0503-030865-13 200 15 2-May-96 8-May-96
AsOf 0503-030872-13 500 15 2-May-96 8-May-96
AsOf 0503-030873-13 200 15 2-May-96 8-May-96
AsOf 0503-030874-13 500 15 2-May-96 8-May-96
AsOf 0503-030875-13 200 15 2-May-96 8-May-96
AsOf 0503-030876-13 100 15 2-May-96 8-May-96
AsOf 0503-030877-13 150 15 2-May-96 8-May-96
AsOf 0503-030878-13 200 15 2-May-96 8-May-96
AsOf 0503-030879-13 150 15 2-May-96 8-May-96
AsOf 0503-030880-13 200 15 2-May-96 8-May-96
AsOf 0503-030881-13 150 15 2-May-96 8-May-96
AsOf 0503-030882-13 200 15 2-May-96 8-May-96
AsOf 0503-030896-13 2,000 15 2-May-96 8-May-96
</TABLE>
70
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030897-13 5,000 15 2-May-96 8-May-96
AsOf 0503-030898-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030900-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030902-13 200 15 2-May-96 8-May-96
AsOf 0503-030903-13 200 15 2-May-96 8-May-96
AsOf 0503-030904-13 200 15 2-May-96 8-May-96
AsOf 0503-030905-13 200 15 2-May-96 8-May-96
AsOf 0503-030906-13 500 15 2-May-96 8-May-96
AsOf 0503-030907-13 100 15 2-May-96 8-May-96
AsOf 0503-030908-13 150 15 2-May-96 8-May-96
AsOf 0503-030909-13 150 15 2-May-96 8-May-96
AsOf 0503-030910-13 200 15 2-May-96 8-May-96
AsOf 0503-030916-13 200 15 2-May-96 8-May-96
AsOf 0503-030917-13 400 15 2-May-96 8-May-96
AsOf 0503-030918-13 200 15 2-May-96 8-May-96
AsOf 0503-030919-13 200 15 2-May-96 8-May-96
AsOf 0503-030920-13 200 15 2-May-96 8-May-96
AsOf 0503-030923-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030924-13 1,250 15 2-May-96 8-May-96
AsOf 0503-030925-13 75 15 2-May-96 8-May-96
AsOf 0503-030926-13 75 15 2-May-96 8-May-96
0503-030927-13 75 15 2-May-96 8-May-96
AsOf 0503-030928-13 75 15 2-May-96 8-May-96
AsOf 0503-030929-13 600 15 2-May-96 8-May-96
AsOf 0503-030930-13 100 15 2-May-96 8-May-96
AsOf 0503-030931-13 100 15 2-May-96 8-May-96
AsOf 0503-030932-13 100 15 2-May-96 8-May-96
AsOf 0503-030933-13 75 15 2-May-96 8-May-96
0503-030934-13 300 15 2-May-96 8-May-96
AsOf 0503-030935-13 200 15 2-May-96 8-May-96
AsOf 0503-030937-13 600 15 2-May-96 8-May-96
AsOf 0503-030938-13 100 15 2-May-96 8-May-96
AsOf 0503-030939-13 75 15 2-May-96 8-May-96
AsOf 0503-030940-13 1,000 15 2-May-96 8-May-96
0503-030941-13 2,000 15 2-May-96 8-May-96
AsOf 0503-030942-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030946-13 100 15 2-May-96 8-May-96
AsOf 0503-030947-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030948-13 200 15 2-May-96 8-May-96
AsOf 0503-030949-13 200 15 2-May-96 8-May-96
AsOf 0503-030950-13 200 15 2-May-96 8-May-96
AsOf 0503-030951-13 200 15 2-May-96 8-May-96
AsOf 0503-030952-13 200 15 2-May-96 8-May-96
AsOf 0503-030953-13 200 15 2-May-96 8-May-96
AsOf 0503-030954-13 200 15 2-May-96 8-May-96
AsOf 0503-030955-13 200 15 2-May-96 8-May-96
AsOf 0503-030956-13 200 15 2-May-96 8-May-96
AsOf 0503-030957-13 200 15 2-May-96 8-May-96
</TABLE>
71
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030959-13 400 15 2-May-96 8-May-96
AsOf 0503-030960-13 400 15 2-May-96 8-May-96
AsOf 0503-030961-13 200 15 2-May-96 8-May-96
AsOf 0503-030963-13 100 15 2-May-96 8-May-96
AsOf 0503-030964-13 100 15 2-May-96 8-May-96
AsOf 0503-030965-13 100 15 2-May-96 8-May-96
AsOf 0503-030966-13 100 15 2-May-96 8-May-96
AsOf 0503-030967-13 100 15 2-May-96 8-May-96
AsOf 0503-030968-13 100 15 2-May-96 8-May-96
AsOf 0503-030978-13 100 15 2-May-96 8-May-96
AsOf 0503-030979-13 100 15 2-May-96 8-May-96
AsOf 0503-030981-13 1,900 15 2-May-96 8-May-96
AsOf 0503-030982-13 100 15 2-May-96 8-May-96
AsOf 0503-030983-13 100 15 2-May-96 8-May-96
AsOf 0503-030984-13 100 15 2-May-96 8-May-96
AsOf 0503-030989-13 1,000 15 2-May-96 8-May-96
AsOf 0503-030991-13 100 15 2-May-96 8-May-96
AsOf 0503-030992-13 100 15 2-May-96 8-May-96
AsOf 0503-030993-13 100 15 2-May-96 8-May-96
AsOf 0503-030994-13 100 15 2-May-96 8-May-96
AsOf 0503-030995-13 100 15 2-May-96 8-May-96
AsOf 0503-030996-13 100 15 2-May-96 8-May-96
AsOf 0503-030997-13 100 15 2-May-96 8-May-96
AsOf 0503-030998-13 100 15 2-May-96 8-May-96
AsOf 0503-030999-13 100 15 2-May-96 8-May-96
AsOf 0503-031000-13 100 15 2-May-96 8-May-96
AsOf 0503-031003-13 100 15 2-May-96 8-May-96
AsOf 0503-031004-13 100 15 2-May-96 8-May-96
AsOf 0503-031005-13 100 15 2-May-96 8-May-96
AsOf 0503-031006-13 100 15 2-May-96 8-May-96
AsOf 0503-031007-13 200 15 2-May-96 8-May-96
AsOf 0503-031008-13 100 15 2-May-96 8-May-96
AsOf 0503-031009-13 100 15 2-May-96 8-May-96
AsOf 0503-031010-13 200 15 2-May-96 8-May-96
AsOf 0503-031011-13 200 15 2-May-96 8-May-96
AsOf 0503-031012-13 100 15 2-May-96 8-May-96
AsOf 0503-031013-13 100 15 2-May-96 8-May-96
AsOf 0503-031014-13 100 15 2-May-96 8-May-96
AsOf 0503-031015-13 100 15 2-May-96 8-May-96
AsOf 0503-031036-13 150 15 2-May-96 8-May-96
AsOf 0503-031043-13 500 15 2-May-96 8-May-96
AsOf 0503-031044-13 500 15 2-May-96 8-May-96
AsOf 0503-031045-13 200 15 2-May-96 8-May-96
AsOf 0503-031046-13 100 15 2-May-96 8-May-96
AsOf 0503-031047-13 400 15 2-May-96 8-May-96
AsOf 0503-031048-13 100 15 2-May-96 8-May-96
AsOf 0503-031049-13 100 15 2-May-96 8-May-96
AsOf 0503-031050-13 100 15 2-May-96 8-May-96
</TABLE>
72
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031051-13 100 15 2-May-96 8-May-96
AsOf 0503-031052-13 200 15 2-May-96 8-May-96
AsOf 0503-031053-13 200 15 2-May-96 8-May-96
AsOf 0503-031054-13 400 15 2-May-96 8-May-96
AsOf 0503-031055-13 100 15 2-May-96 8-May-96
AsOf 0503-031056-13 300 15 2-May-96 8-May-96
AsOf 0503-031057-13 200 15 2-May-96 8-May-96
AsOf 0503-031058-13 200 15 2-May-96 8-May-96
AsOf 0503-031059-13 200 15 2-May-96 8-May-96
AsOf 0503-031060-13 100 15 2-May-96 8-May-96
AsOf 0503-031061-13 100 15 2-May-96 8-May-96
AsOf 0503-031062-13 100 15 2-May-96 8-May-96
AsOf 0503-031063-13 200 15 2-May-96 8-May-96
AsOf 0503-031064-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031072-13 2,000 15 2-May-96 8-May-96
AsOf 0503-031075-13 240 15 2-May-96 8-May-96
AsOf 0503-031076-13 80 15 2-May-96 8-May-96
AsOf 0503-031077-13 80 15 2-May-96 8-May-96
AsOf 0503-031079-13 200 15 2-May-96 8-May-96
AsOf 0503-031080-13 20,000 15 2-May-96 8-May-96
AsOf 0503-031083-13 2,000 15 2-May-96 8-May-96
AsOf 0503-031084-13 16,000 15 2-May-96 8-May-96
AsOf 0503-031092-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031110-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031111-13 500 15 2-May-96 8-May-96
AsOf 0503-031112-13 500 15 2-May-96 8-May-96
AsOf 0503-031113-13 750 15 2-May-96 8-May-96
AsOf 0503-031114-13 750 15 2-May-96 8-May-96
AsOf 0503-031115-13 500 15 2-May-96 8-May-96
AsOf 0503-031116-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031132-13 2,500 15 2-May-96 8-May-96
AsOf 0503-031133-13 50 15 2-May-96 8-May-96
AsOf 0503-031134-13 50 15 2-May-96 8-May-96
AsOf 0503-031135-13 100 15 2-May-96 8-May-96
AsOf 0503-031136-13 50 15 2-May-96 8-May-96
AsOf 0503-031137-13 50 15 2-May-96 8-May-96
AsOf 0503-031138-13 50 15 2-May-96 8-May-96
AsOf 0503-031139-13 100 15 2-May-96 8-May-96
AsOf 0503-031140-13 350 15 2-May-96 8-May-96
AsOf 0503-031141-13 350 15 2-May-96 8-May-96
AsOf 0503-031142-13 200 15 2-May-96 8-May-96
AsOf 0503-031143-13 200 15 2-May-96 8-May-96
AsOf 0503-031144-13 350 15 2-May-96 8-May-96
AsOf 0503-031145-13 200 15 2-May-96 8-May-96
AsOf 0503-031146-13 200 15 2-May-96 8-May-96
AsOf 0503-031147-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031151-13 500 15 2-May-96 8-May-96
0503-031152-13 500 15 2-May-96 8-May-96
</TABLE>
73
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031153-13 500 15 2-May-96 8-May-96
AsOf 0503-031154-13 500 15 2-May-96 8-May-96
AsOf 0503-031155-13 500 15 2-May-96 8-May-96
AsOf 0503-031156-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031157-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031158-13 5,000 15 2-May-96 8-May-96
AsOf 0503-031159-13 10,000 15 2-May-96 8-May-96
AsOf 0503-031160-13 1,900 15 2-May-96 8-May-96
AsOf 0503-031161-13 3,100 15 2-May-96 8-May-96
AsOf 0503-031162-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031163-13 250 15 2-May-96 8-May-96
AsOf 0503-031168-13 750 15 2-May-96 8-May-96
AsOf 0503-031169-13 750 15 2-May-96 8-May-96
AsOf 0503-031171-13 100 15 2-May-96 8-May-96
AsOf 0503-031172-13 100 15 2-May-96 8-May-96
AsOf 0503-031174-13 550 15 2-May-96 8-May-96
AsOf 0503-031175-13 200 15 2-May-96 8-May-96
AsOf 0503-031176-13 100 15 2-May-96 8-May-96
AsOf 0503-031177-13 200 15 2-May-96 8-May-96
AsOf 0503-031178-13 4,000 15 2-May-96 8-May-96
AsOf 0503-031179-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031181-13 300 15 2-May-96 8-May-96
AsOf 0503-031182-13 200 15 2-May-96 8-May-96
AsOf 0503-031183-13 200 15 2-May-96 8-May-96
AsOf 0503-031184-13 400 15 2-May-96 8-May-96
AsOf 0503-031185-13 200 15 2-May-96 8-May-96
AsOf 0503-031186-13 300 15 2-May-96 8-May-96
AsOf 0503-031187-13 300 15 2-May-96 8-May-96
AsOf 0503-031188-13 200 15 2-May-96 8-May-96
AsOf 0503-031189-13 300 15 2-May-96 8-May-96
0503-031190-13 300 15 2-May-96 8-May-96
AsOf 0503-031192-13 300 15 2-May-96 8-May-96
AsOf 0503-031193-13 500 15 2-May-96 8-May-96
AsOf 0503-031194-13 500 15 2-May-96 8-May-96
AsOf 0503-031196-13 500 15 2-May-96 8-May-96
AsOf 0503-031197-13 800 15 2-May-96 8-May-96
AsOf 0503-031198-13 200 15 2-May-96 8-May-96
AsOf 0503-031199-13 200 15 2-May-96 8-May-96
AsOf 0503-031200-13 200 15 2-May-96 8-May-96
AsOf 0503-031201-13 100 15 2-May-96 8-May-96
AsOf 0503-031202-13 200 15 2-May-96 8-May-96
AsOf 0503-031203-13 300 15 2-May-96 8-May-96
AsOf 0503-031205-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031206-13 350 15 2-May-96 8-May-96
AsOf 0503-031207-13 200 15 2-May-96 8-May-96
AsOf 0503-031208-13 200 15 2-May-96 8-May-96
AsOf 0503-031209-13 200 15 2-May-96 8-May-96
AsOf 0503-031210-13 50 15 2-May-96 8-May-96
</TABLE>
74
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031211-13 50 15 2-May-96 8-May-96
AsOf 0503-031212-13 50 15 2-May-96 8-May-96
AsOf 0503-031213-13 200 15 2-May-96 8-May-96
AsOf 0503-031214-13 300 15 2-May-96 8-May-96
AsOf 0503-031215-13 200 15 2-May-96 8-May-96
AsOf 0503-031216-13 200 15 2-May-96 8-May-96
AsOf 0503-031217-13 200 15 2-May-96 8-May-96
AsOf 0503-031218-13 200 15 2-May-96 8-May-96
AsOf 0503-031219-13 200 15 2-May-96 8-May-96
AsOf 0503-031220-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031221-13 500 15 2-May-96 8-May-96
AsOf 0503-031222-13 500 15 2-May-96 8-May-96
AsOf 0503-031223-13 500 15 2-May-96 8-May-96
AsOf 0503-031224-13 100 15 2-May-96 8-May-96
AsOf 0503-031225-13 100 15 2-May-96 8-May-96
AsOf 0503-031226-13 100 15 2-May-96 8-May-96
AsOf 0503-031227-13 100 15 2-May-96 8-May-96
AsOf 0503-031228-13 100 15 2-May-96 8-May-96
AsOf 0503-031229-13 75 15 2-May-96 8-May-96
AsOf 0503-031246-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031247-13 1,500 15 2-May-96 8-May-96
AsOf 0503-031252-13 400 15 2-May-96 8-May-96
AsOf 0503-031253-13 1,700 15 2-May-96 8-May-96
AsOf 0503-031254-13 1,200 15 2-May-96 8-May-96
AsOf 0503-031255-13 400 15 2-May-96 8-May-96
AsOf 0503-031256-13 300 15 2-May-96 8-May-96
AsOf 0503-031257-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031259-13 300 15 2-May-96 8-May-96
AsOf 0503-031260-13 300 15 2-May-96 8-May-96
AsOf 0503-031261-13 400 15 2-May-96 8-May-96
AsOf 0503-031262-13 200 15 2-May-96 8-May-96
AsOf 0503-031263-13 1,500 15 2-May-96 8-May-96
AsOf 0503-031280-13 1,500 15 2-May-96 8-May-96
AsOf 0503-031283-13 500 15 2-May-96 8-May-96
AsOf 0503-031285-13 1,100 15 2-May-96 8-May-96
AsOf 0503-031286-13 300 15 2-May-96 8-May-96
AsOf 0503-031287-13 300 15 2-May-96 8-May-96
AsOf 0503-031288-13 300 15 2-May-96 8-May-96
AsOf 0503-031291-13 650 15 2-May-96 8-May-96
AsOf 0503-031292-13 650 15 2-May-96 8-May-96
AsOf 0503-031293-13 700 15 2-May-96 8-May-96
AsOf 0503-031299-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031300-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031304-13 100 15 2-May-96 8-May-96
AsOf 0503-031306-13 150 15 2-May-96 8-May-96
AsOf 0503-031312-13 460 15 2-May-96 8-May-96
AsOf 0503-031313-13 220 15 2-May-96 8-May-96
AsOf 0503-031314-13 170 15 2-May-96 8-May-96
</TABLE>
75
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031319-13 200 15 2-May-96 8-May-96
AsOf 0503-031321-13 1,200 15 2-May-96 8-May-96
AsOf 0503-031322-13 800 15 2-May-96 8-May-96
AsOf 0503-031332-13 2,000 15 2-May-96 8-May-96
AsOf 0503-031359-13 200 15 2-May-96 8-May-96
AsOf 0503-031360-13 200 15 2-May-96 8-May-96
AsOf 0503-031361-13 200 15 2-May-96 8-May-96
AsOf 0503-031362-13 200 15 2-May-96 8-May-96
AsOf 0503-031364-13 200 15 2-May-96 8-May-96
AsOf 0503-031365-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031366-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031371-13 500 15 2-May-96 8-May-96
AsOf 0503-031372-13 500 15 2-May-96 8-May-96
AsOf 0503-031373-13 800 15 2-May-96 8-May-96
AsOf 0503-031374-13 200 15 2-May-96 8-May-96
AsOf 0503-031375-13 500 15 2-May-96 8-May-96
AsOf 0503-031398-13 200 15 2-May-96 8-May-96
AsOf 0503-031399-13 200 15 2-May-96 8-May-96
AsOf 0503-031400-13 200 15 2-May-96 8-May-96
AsOf 0503-031402-13 150 15 2-May-96 8-May-96
AsOf 0503-031403-13 150 15 2-May-96 8-May-96
AsOf 0503-031404-13 300 15 2-May-96 8-May-96
AsOf 0503-031405-13 200 15 2-May-96 8-May-96
AsOf 0503-031406-13 200 15 2-May-96 8-May-96
AsOf 0503-031407-13 200 15 2-May-96 8-May-96
AsOf 0503-031408-13 400 15 2-May-96 8-May-96
AsOf 0503-031409-13 200 15 2-May-96 8-May-96
AsOf 0503-031410-13 200 15 2-May-96 8-May-96
AsOf 0503-031411-13 200 15 2-May-96 8-May-96
AsOf 0503-031412-13 200 15 2-May-96 8-May-96
AsOf 0503-031413-13 200 15 2-May-96 8-May-96
AsOf 0503-031414-13 200 15 2-May-96 8-May-96
AsOf 0503-031415-13 200 15 2-May-96 8-May-96
0503-031416-13 200 15 2-May-96 8-May-96
AsOf 0503-031417-13 200 15 2-May-96 8-May-96
AsOf 0503-031418-13 200 15 2-May-96 8-May-96
AsOf 0503-031419-13 300 15 2-May-96 8-May-96
AsOf 0503-031420-13 100 15 2-May-96 8-May-96
AsOf 0503-031421-13 200 15 2-May-96 8-May-96
AsOf 0503-031422-13 100 15 2-May-96 8-May-96
AsOf 0503-031423-13 300 15 2-May-96 8-May-96
AsOf 0503-031424-13 200 15 2-May-96 8-May-96
AsOf 0503-031425-13 500 15 2-May-96 8-May-96
AsOf 0503-031426-13 200 15 2-May-96 8-May-96
AsOf 0503-031427-13 100 15 2-May-96 8-May-96
AsOf 0503-031428-13 300 15 2-May-96 8-May-96
AsOf 0503-031429-13 100 15 2-May-96 8-May-96
AsOf 0503-031430-13 100 15 2-May-96 8-May-96
</TABLE>
76
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031431-13 2,200 15 2-May-96 8-May-96
AsOf 0503-031432-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031433-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031434-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031435-13 300 15 2-May-96 8-May-96
AsOf 0503-031436-13 200 15 2-May-96 8-May-96
AsOf 0503-031437-13 500 15 2-May-96 8-May-96
AsOf 0503-031438-13 200 15 2-May-96 8-May-96
AsOf 0503-031439-13 200 15 2-May-96 8-May-96
AsOf 0503-031440-13 200 15 2-May-96 8-May-96
AsOf 0503-031441-13 100 15 2-May-96 8-May-96
AsOf 0503-031442-13 200 15 2-May-96 8-May-96
AsOf 0503-031443-13 100 15 2-May-96 8-May-96
AsOf 0503-031444-13 100 15 2-May-96 8-May-96
AsOf 0503-031445-13 200 15 2-May-96 8-May-96
AsOf 0503-031446-13 500 15 2-May-96 8-May-96
AsOf 0503-031447-13 100 15 2-May-96 8-May-96
AsOf 0503-031448-13 100 15 2-May-96 8-May-96
AsOf 0503-031449-13 100 15 2-May-96 8-May-96
AsOf 0503-031450-13 100 15 2-May-96 8-May-96
AsOf 0503-031451-13 100 15 2-May-96 8-May-96
AsOf 0503-031452-13 500 15 2-May-96 8-May-96
AsOf 0503-031468-13 200 15 2-May-96 8-May-96
AsOf 0503-031469-13 200 15 2-May-96 8-May-96
AsOf 0503-031470-13 200 15 2-May-96 8-May-96
AsOf 0503-031471-13 200 15 2-May-96 8-May-96
AsOf 0503-031476-13 100 15 2-May-96 8-May-96
AsOf 0503-031477-13 100 15 2-May-96 8-May-96
AsOf 0503-031478-13 100 15 2-May-96 8-May-96
AsOf 0503-031479-13 100 15 2-May-96 8-May-96
AsOf 0503-031480-13 300 15 2-May-96 8-May-96
AsOf 0503-031481-13 300 15 2-May-96 8-May-96
AsOf 0503-031482-13 300 15 2-May-96 8-May-96
AsOf 0503-031484-13 150 15 2-May-96 8-May-96
AsOf 0503-031485-13 350 15 2-May-96 8-May-96
AsOf 0503-031486-13 600 15 2-May-96 8-May-96
AsOf 0503-031487-13 250 15 2-May-96 8-May-96
AsOf 0503-031488-13 250 15 2-May-96 8-May-96
AsOf 0503-031489-13 400 15 2-May-96 8-May-96
AsOf 0503-031490-13 100 15 2-May-96 8-May-96
AsOf 0503-031491-13 100 15 2-May-96 8-May-96
AsOf 0503-031492-13 100 15 2-May-96 8-May-96
AsOf 0503-031493-13 100 15 2-May-96 8-May-96
AsOf 0503-031514-13 300 15 2-May-96 8-May-96
AsOf 0503-031516-13 200 15 2-May-96 8-May-96
AsOf 0503-031517-13 200 15 2-May-96 8-May-96
AsOf 0503-031518-13 200 15 2-May-96 8-May-96
AsOf 0503-031519-13 1,000 15 2-May-96 8-May-96
</TABLE>
77
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031520-13 500 15 2-May-96 8-May-96
AsOf 0503-031521-13 1,200 15 2-May-96 8-May-96
AsOf 0503-031522-13 1,900 15 2-May-96 8-May-96
AsOf 0503-031523-13 900 15 2-May-96 8-May-96
AsOf 0503-031524-13 4,000 15 2-May-96 8-May-96
AsOf 0503-031525-13 2,800 15 2-May-96 8-May-96
AsOf 0503-031526-13 8,600 15 2-May-96 8-May-96
AsOf 0503-031527-13 1,100 15 2-May-96 8-May-96
AsOf 0503-031528-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031529-13 1,400 15 2-May-96 8-May-96
AsOf 0503-031530-13 3,600 15 2-May-96 8-May-96
AsOf 0503-031531-13 300 15 2-May-96 8-May-96
AsOf 0503-031532-13 1,200 15 2-May-96 8-May-96
AsOf 0503-031533-13 10,000 15 2-May-96 8-May-96
AsOf 0503-031535-13 200 15 2-May-96 8-May-96
AsOf 0503-031536-13 100 15 2-May-96 8-May-96
AsOf 0503-031537-13 200 15 2-May-96 8-May-96
AsOf 0503-031538-13 200 15 2-May-96 8-May-96
AsOf 0503-031539-13 200 15 2-May-96 8-May-96
AsOf 0503-031540-13 100 15 2-May-96 8-May-96
AsOf 0503-031541-13 200 15 2-May-96 8-May-96
AsOf 0503-031542-13 200 15 2-May-96 8-May-96
AsOf 0503-031543-13 200 15 2-May-96 8-May-96
AsOf 0503-031544-13 100 15 2-May-96 8-May-96
AsOf 0503-031545-13 100 15 2-May-96 8-May-96
AsOf 0503-031546-13 200 15 2-May-96 8-May-96
AsOf 0503-031547-13 200 15 2-May-96 8-May-96
AsOf 0503-031548-13 100 15 2-May-96 8-May-96
AsOf 0503-031549-13 100 15 2-May-96 8-May-96
AsOf 0503-031550-13 200 15 2-May-96 8-May-96
AsOf 0503-031551-13 200 15 2-May-96 8-May-96
AsOf 0503-031554-13 250 15 2-May-96 8-May-96
AsOf 0503-031555-13 250 15 2-May-96 8-May-96
AsOf 0503-031556-13 100 15 2-May-96 8-May-96
AsOf 0503-031558-13 100 15 2-May-96 8-May-96
AsOf 0503-031559-13 100 15 2-May-96 8-May-96
AsOf 0503-031560-13 100 15 2-May-96 8-May-96
AsOf 0503-031561-13 50 15 2-May-96 8-May-96
AsOf 0503-031562-13 100 15 2-May-96 8-May-96
AsOf 0503-031563-13 300 15 2-May-96 8-May-96
AsOf 0503-031564-13 500 15 2-May-96 8-May-96
AsOf 0503-031565-13 50 15 2-May-96 8-May-96
AsOf 0503-031566-13 100 15 2-May-96 8-May-96
AsOf 0503-031568-13 100 15 2-May-96 8-May-96
AsOf 0503-031569-13 100 15 2-May-96 8-May-96
AsOf 0503-031570-13 100 15 2-May-96 8-May-96
AsOf 0503-031571-13 50 15 2-May-96 8-May-96
AsOf 0503-031572-13 50 15 2-May-96 8-May-96
</TABLE>
78
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031573-13 200 15 2-May-96 8-May-96
AsOf 0503-031574-13 200 15 2-May-96 8-May-96
AsOf 0503-031575-13 200 15 2-May-96 8-May-96
AsOf 0503-031576-13 200 15 2-May-96 8-May-96
AsOf 0503-031577-13 200 15 2-May-96 8-May-96
AsOf 0503-031578-13 50 15 2-May-96 8-May-96
AsOf 0503-031579-13 200 15 2-May-96 8-May-96
AsOf 0503-031580-13 400 15 2-May-96 8-May-96
AsOf 0503-031581-13 400 15 2-May-96 8-May-96
AsOf 0503-031582-13 100 15 2-May-96 8-May-96
AsOf 0503-031583-13 100 15 2-May-96 8-May-96
AsOf 0503-031587-13 200 15 2-May-96 8-May-96
AsOf 0503-031588-13 100 15 2-May-96 8-May-96
AsOf 0503-031589-13 100 15 2-May-96 8-May-96
AsOf 0503-031590-13 100 15 2-May-96 8-May-96
AsOf 0503-031591-13 100 15 2-May-96 8-May-96
AsOf 0503-031592-13 100 15 2-May-96 8-May-96
AsOf 0503-031593-13 100 15 2-May-96 8-May-96
AsOf 0503-031594-13 500 15 2-May-96 8-May-96
AsOf 0503-031595-13 200 15 2-May-96 8-May-96
AsOf 0503-031596-13 200 15 2-May-96 8-May-96
AsOf 0503-031597-13 400 15 2-May-96 8-May-96
AsOf 0503-031599-13 200 15 2-May-96 8-May-96
AsOf 0503-031600-13 200 15 2-May-96 8-May-96
AsOf 0503-031601-13 500 15 2-May-96 8-May-96
AsOf 0503-031603-13 100 15 2-May-96 8-May-96
AsOf 0503-031604-13 200 15 2-May-96 8-May-96
AsOf 0503-031605-13 300 15 2-May-96 8-May-96
AsOf 0503-031606-13 300 15 2-May-96 8-May-96
AsOf 0503-031607-13 300 15 2-May-96 8-May-96
AsOf 0503-031608-13 500 15 2-May-96 8-May-96
AsOf 0503-031609-13 400 15 2-May-96 8-May-96
AsOf 0503-031610-13 600 15 2-May-96 8-May-96
AsOf 0503-031611-13 600 15 2-May-96 8-May-96
AsOf 0503-031612-13 600 15 2-May-96 8-May-96
AsOf 0503-031613-13 400 15 2-May-96 8-May-96
AsOf 0503-031614-13 500 15 2-May-96 8-May-96
AsOf 0503-031615-13 200 15 2-May-96 8-May-96
AsOf 0503-031616-13 700 15 2-May-96 8-May-96
AsOf 0503-031617-13 200 15 2-May-96 8-May-96
AsOf 0503-031618-13 200 15 2-May-96 8-May-96
AsOf 0503-031619-13 200 15 2-May-96 8-May-96
AsOf 0503-031620-13 200 15 2-May-96 8-May-96
AsOf 0503-031621-13 200 15 2-May-96 8-May-96
AsOf 0503-031622-13 200 15 2-May-96 8-May-96
AsOf 0503-031655-13 200 15 2-May-96 8-May-96
AsOf 0503-031656-13 400 15 2-May-96 8-May-96
AsOf 0503-031658-13 800 15 2-May-96 8-May-96
</TABLE>
79
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031659-13 500 15 2-May-96 8-May-96
AsOf 0503-031660-13 400 15 2-May-96 8-May-96
AsOf 0503-031661-13 400 15 2-May-96 8-May-96
AsOf 0503-031662-13 400 15 2-May-96 8-May-96
AsOf 0503-031663-13 400 15 2-May-96 8-May-96
AsOf 0503-031666-13 200 15 2-May-96 8-May-96
AsOf 0503-031678-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031679-13 2,000 15 2-May-96 8-May-96
AsOf 0503-031682-13 100 15 2-May-96 8-May-96
AsOf 0503-031683-13 1,500 15 2-May-96 8-May-96
AsOf 0503-031684-13 100 15 2-May-96 8-May-96
AsOf 0503-031685-13 200 15 2-May-96 8-May-96
AsOf 0503-031686-13 200 15 2-May-96 8-May-96
AsOf 0503-031688-13 200 15 2-May-96 8-May-96
AsOf 0503-031689-13 200 15 2-May-96 8-May-96
AsOf 0503-031690-13 100 15 2-May-96 8-May-96
AsOf 0503-031691-13 100 15 2-May-96 8-May-96
AsOf 0503-031692-13 400 15 2-May-96 8-May-96
AsOf 0503-031693-13 700 15 2-May-96 8-May-96
AsOf 0503-031694-13 100 15 2-May-96 8-May-96
AsOf 0503-031695-13 100 15 2-May-96 8-May-96
AsOf 0503-031696-13 200 15 2-May-96 8-May-96
AsOf 0503-031697-13 100 15 2-May-96 8-May-96
AsOf 0503-031699-13 250 15 2-May-96 8-May-96
AsOf 0503-031700-13 200 15 2-May-96 8-May-96
AsOf 0503-031701-13 250 15 2-May-96 8-May-96
AsOf 0503-031702-13 300 15 2-May-96 8-May-96
AsOf 0503-031703-13 250 15 2-May-96 8-May-96
AsOf 0503-031704-13 200 15 2-May-96 8-May-96
AsOf 0503-031705-13 250 15 2-May-96 8-May-96
AsOf 0503-031709-13 50 15 2-May-96 8-May-96
AsOf 0503-031710-13 50 15 2-May-96 8-May-96
AsOf 0503-031711-13 50 15 2-May-96 8-May-96
AsOf 0503-031712-13 50 15 2-May-96 8-May-96
AsOf 0503-031714-13 50 15 2-May-96 8-May-96
AsOf 0503-031715-13 50 15 2-May-96 8-May-96
AsOf 0503-031716-13 50 15 2-May-96 8-May-96
AsOf 0503-031717-13 100 15 2-May-96 8-May-96
AsOf 0503-031718-13 50 15 2-May-96 8-May-96
AsOf 0503-031719-13 50 15 2-May-96 8-May-96
AsOf 0503-031720-13 50 15 2-May-96 8-May-96
AsOf 0503-031722-13 50 15 2-May-96 8-May-96
AsOf 0503-031724-13 200 15 2-May-96 8-May-96
AsOf 0503-031725-13 200 15 2-May-96 8-May-96
AsOf 0503-031726-13 200 15 2-May-96 8-May-96
AsOf 0503-031727-13 200 15 2-May-96 8-May-96
AsOf 0503-031728-13 100 15 2-May-96 8-May-96
AsOf 0503-031729-13 200 15 2-May-96 8-May-96
</TABLE>
80
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031730-13 200 15 2-May-96 8-May-96
AsOf 0503-031735-13 100 15 2-May-96 8-May-96
AsOf 0503-031736-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031737-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031738-13 500 15 2-May-96 8-May-96
AsOf 0503-031739-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031740-13 500 15 2-May-96 8-May-96
AsOf 0503-031741-13 800 15 2-May-96 8-May-96
AsOf 0503-031742-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031743-13 700 15 2-May-96 8-May-96
AsOf 0503-031744-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031745-13 500 15 2-May-96 8-May-96
AsOf 0503-031746-13 500 15 2-May-96 8-May-96
AsOf 0503-031747-13 500 15 2-May-96 8-May-96
AsOf 0503-031749-13 500 15 2-May-96 8-May-96
AsOf 0503-031750-13 500 15 2-May-96 8-May-96
AsOf 0503-031751-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031752-13 250 15 2-May-96 8-May-96
AsOf 0503-031753-13 250 15 2-May-96 8-May-96
AsOf 0503-031754-13 2,000 15 2-May-96 8-May-96
AsOf 0503-031755-13 200 15 2-May-96 8-May-96
AsOf 0503-031756-13 100 15 2-May-96 8-May-96
AsOf 0503-031757-13 200 15 2-May-96 8-May-96
AsOf 0503-031759-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031760-13 500 15 2-May-96 8-May-96
AsOf 0503-031761-13 100 15 2-May-96 8-May-96
AsOf 0503-031762-13 100 15 2-May-96 8-May-96
AsOf 0503-031763-13 100 15 2-May-96 8-May-96
AsOf 0503-031764-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031765-13 100 15 2-May-96 8-May-96
AsOf 0503-031766-13 100 15 2-May-96 8-May-96
AsOf 0503-031767-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031768-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031778-13 300 15 2-May-96 8-May-96
AsOf 0503-031779-13 500 15 2-May-96 8-May-96
AsOf 0503-031805-13 2,500 15 2-May-96 8-May-96
AsOf 0503-031806-13 2,500 15 2-May-96 8-May-96
AsOf 0503-031807-13 500 15 2-May-96 8-May-96
AsOf 0503-031808-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031815-13 500 15 2-May-96 8-May-96
AsOf 0503-031841-13 150 15 2-May-96 8-May-96
AsOf 0503-031842-13 150 15 2-May-96 8-May-96
AsOf 0503-031843-13 200 15 2-May-96 8-May-96
AsOf 0503-031844-13 400 15 2-May-96 8-May-96
AsOf 0503-031845-13 550 15 2-May-96 8-May-96
AsOf 0503-031851-13 300 15 2-May-96 8-May-96
AsOf 0503-031852-13 250 15 2-May-96 8-May-96
AsOf 0503-031863-13 10,000 15 2-May-96 8-May-96
</TABLE>
81
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031864-13 10,000 15 2-May-96 8-May-96
AsOf 0503-031865-13 10,000 15 2-May-96 8-May-96
AsOf 0503-031869-13 300 15 2-May-96 8-May-96
AsOf 0503-031870-13 300 15 2-May-96 8-May-96
AsOf 0503-031871-13 100 15 2-May-96 8-May-96
AsOf 0503-031872-13 200 15 2-May-96 8-May-96
AsOf 0503-031873-13 100 15 2-May-96 8-May-96
AsOf 0503-031874-13 100 15 2-May-96 8-May-96
AsOf 0503-031875-13 200 15 2-May-96 8-May-96
AsOf 0503-031876-13 200 15 2-May-96 8-May-96
AsOf 0503-031877-13 200 15 2-May-96 8-May-96
AsOf 0503-031878-13 100 15 2-May-96 8-May-96
AsOf 0503-031879-13 200 15 2-May-96 8-May-96
AsOf 0503-031880-13 100 15 2-May-96 8-May-96
AsOf 0503-031881-13 200 15 2-May-96 8-May-96
AsOf 0503-031882-13 200 15 2-May-96 8-May-96
AsOf 0503-031883-13 600 15 2-May-96 8-May-96
AsOf 0503-031884-13 500 15 2-May-96 8-May-96
AsOf 0503-031885-13 500 15 2-May-96 8-May-96
AsOf 0503-031886-13 600 15 2-May-96 8-May-96
AsOf 0503-031887-13 500 15 2-May-96 8-May-96
AsOf 0503-031888-13 500 15 2-May-96 8-May-96
AsOf 0503-031889-13 1,000 15 2-May-96 8-May-96
AsOf 0503-031890-13 5,000 15 2-May-96 8-May-96
AsOf 0503-031892-13 2,500 15 2-May-96 8-May-96
AsOf 0503-031893-13 5,000 15 2-May-96 8-May-96
AsOf 0506-030007-13 200 15 2-May-96 8-May-96
AsOf 0506-030010-13 300 15 2-May-96 8-May-96
AsOf 0506-030018-13 500 15 2-May-96 8-May-96
AsOf 0506-030019-13 2,500 15 2-May-96 8-May-96
AsOf 0506-030044-13 300 15 2-May-96 8-May-96
AsOf 0506-030045-13 1,550 15 2-May-96 8-May-96
AsOf 0506-030046-13 700 15 2-May-96 8-May-96
AsOf 0506-030047-13 600 15 2-May-96 8-May-96
AsOf 0506-030048-13 200 15 2-May-96 8-May-96
AsOf 0506-030049-13 4,200 15 2-May-96 8-May-96
AsOf 0506-030050-13 2,600 15 2-May-96 8-May-96
AsOf 0506-030051-13 200 15 2-May-96 8-May-96
AsOf 0506-030052-13 3,000 15 2-May-96 8-May-96
AsOf 0506-030053-13 100 15 2-May-96 8-May-96
AsOf 0506-030054-13 100 15 2-May-96 8-May-96
AsOf 0506-030057-13 300 15 2-May-96 8-May-96
AsOf 0506-030060-13 200 15 2-May-96 8-May-96
AsOf 0506-030063-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030079-13 200 15 2-May-96 8-May-96
AsOf 0506-030080-13 100 15 2-May-96 8-May-96
AsOf 0506-030081-13 100 15 2-May-96 8-May-96
AsOf 0506-030082-13 400 15 2-May-96 8-May-96
</TABLE>
82
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-030083-13 175 15 2-May-96 8-May-96
AsOf 0506-030084-13 175 15 2-May-96 8-May-96
AsOf 0506-030085-13 175 15 2-May-96 8-May-96
AsOf 0506-030086-13 175 15 2-May-96 8-May-96
AsOf 0506-030087-13 750 15 2-May-96 8-May-96
AsOf 0506-030088-13 250 15 2-May-96 8-May-96
AsOf 0506-030089-13 200 15 2-May-96 8-May-96
AsOf 0506-030090-13 400 15 2-May-96 8-May-96
AsOf 0506-030091-13 400 15 2-May-96 8-May-96
AsOf 0506-030092-13 500 15 2-May-96 8-May-96
AsOf 0506-030093-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030094-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030115-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030116-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030117-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030118-13 1,100 15 2-May-96 8-May-96
AsOf 0506-030119-13 200 15 2-May-96 8-May-96
AsOf 0506-030120-13 200 15 2-May-96 8-May-96
AsOf 0506-030121-13 200 15 2-May-96 8-May-96
AsOf 0506-030122-13 200 15 2-May-96 8-May-96
AsOf 0506-030123-13 200 15 2-May-96 8-May-96
AsOf 0506-030124-13 200 15 2-May-96 8-May-96
AsOf 0506-030141-13 200 15 2-May-96 8-May-96
AsOf 0506-030142-13 200 15 2-May-96 8-May-96
AsOf 0506-030143-13 200 15 2-May-96 8-May-96
AsOf 0506-030144-13 200 15 2-May-96 8-May-96
AsOf 0506-030145-13 200 15 2-May-96 8-May-96
AsOf 0506-030146-13 200 15 2-May-96 8-May-96
AsOf 0506-030147-13 200 15 2-May-96 8-May-96
AsOf 0506-030148-13 200 15 2-May-96 8-May-96
AsOf 0506-030149-13 200 15 2-May-96 8-May-96
AsOf 0506-030150-13 200 15 2-May-96 8-May-96
AsOf 0506-030151-13 1,773 15 2-May-96 8-May-96
AsOf 0506-030152-13 227 15 2-May-96 8-May-96
AsOf 0506-030153-13 250 15 2-May-96 8-May-96
AsOf 0506-030154-13 250 15 2-May-96 8-May-96
AsOf 0506-030155-13 12,500 15 2-May-96 8-May-96
AsOf 0506-030156-13 500 15 2-May-96 8-May-96
AsOf 0506-030159-13 1,500 15 2-May-96 8-May-96
AsOf 0506-030160-13 1,500 15 2-May-96 8-May-96
AsOf 0506-030161-13 3,000 15 2-May-96 8-May-96
AsOf 0506-030162-13 200 15 2-May-96 8-May-96
AsOf 0506-030163-13 200 15 2-May-96 8-May-96
AsOf 0506-030169-13 22,500 15 2-May-96 8-May-96
AsOf 0506-030172-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030176-13 100 15 2-May-96 8-May-96
AsOf 0506-030177-13 100 15 2-May-96 8-May-96
AsOf 0506-030178-13 300 15 2-May-96 8-May-96
</TABLE>
83
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-030183-13 7,500 15 2-May-96 8-May-96
AsOf 0506-030184-13 5,400 15 2-May-96 8-May-96
AsOf 0506-030185-13 4,600 15 2-May-96 8-May-96
AsOf 0506-030187-13 500 15 2-May-96 8-May-96
AsOf 0506-030192-13 8,200 15 2-May-96 8-May-96
AsOf 0506-030194-13 4,800 15 2-May-96 8-May-96
AsOf 0506-030195-13 2,300 15 2-May-96 8-May-96
AsOf 0506-030196-13 2,900 15 2-May-96 8-May-96
AsOf 0506-030199-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030202-13 10,000 15 2-May-96 8-May-96
AsOf 0506-030205-13 200 15 2-May-96 8-May-96
AsOf 0506-030206-13 100 15 2-May-96 8-May-96
AsOf 0506-030207-13 250 15 2-May-96 8-May-96
AsOf 0506-030208-13 250 15 2-May-96 8-May-96
AsOf 0506-030209-13 100 15 2-May-96 8-May-96
AsOf 0506-030210-13 100 15 2-May-96 8-May-96
AsOf 0506-030211-13 100 15 2-May-96 8-May-96
AsOf 0506-030212-13 100 15 2-May-96 8-May-96
AsOf 0506-030213-13 100 15 2-May-96 8-May-96
AsOf 0506-030216-13 100 15 2-May-96 8-May-96
AsOf 0506-030223-13 200 15 2-May-96 8-May-96
AsOf 0506-030239-13 3,250 15 2-May-96 8-May-96
AsOf 0506-030255-13 1,750 15 2-May-96 8-May-96
AsOf 0506-030307-13 700 15 2-May-96 8-May-96
AsOf 0506-030308-13 900 15 2-May-96 8-May-96
AsOf 0506-030309-13 2,400 15 2-May-96 8-May-96
AsOf 0506-030310-13 4,700 15 2-May-96 8-May-96
AsOf 0506-030311-13 700 15 2-May-96 8-May-96
AsOf 0506-030312-13 5,800 15 2-May-96 8-May-96
AsOf 0506-030313-13 4,800 15 2-May-96 8-May-96
AsOf 0506-030314-13 200 15 2-May-96 8-May-96
AsOf 0506-030315-13 200 15 2-May-96 8-May-96
AsOf 0506-030316-13 200 15 2-May-96 8-May-96
AsOf 0506-030317-13 200 15 2-May-96 8-May-96
AsOf 0506-030318-13 100 15 2-May-96 8-May-96
AsOf 0506-030323-13 200 15 2-May-96 8-May-96
AsOf 0506-030324-13 200 15 2-May-96 8-May-96
AsOf 0506-030325-13 200 15 2-May-96 8-May-96
AsOf 0506-030326-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030327-13 100 15 2-May-96 8-May-96
AsOf 0506-030328-13 100 15 2-May-96 8-May-96
AsOf 0506-030333-13 200 15 2-May-96 8-May-96
AsOf 0506-030334-13 5,000 15 2-May-96 8-May-96
AsOf 0506-030335-13 10,000 15 2-May-96 8-May-96
AsOf 0506-030336-13 5,000 15 2-May-96 8-May-96
AsOf 0506-030337-13 500 15 2-May-96 8-May-96
AsOf 0506-030338-13 350 15 2-May-96 8-May-96
AsOf 0506-030339-13 50 15 2-May-96 8-May-96
</TABLE>
84
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-030340-13 100 15 2-May-96 8-May-96
AsOf 0506-030341-13 100 15 2-May-96 8-May-96
AsOf 0506-030342-13 9,550 15 2-May-96 8-May-96
AsOf 0506-030343-13 2,950 15 2-May-96 8-May-96
AsOf 0506-030344-13 1,300 15 2-May-96 8-May-96
AsOf 0506-030345-13 1,950 15 2-May-96 8-May-96
AsOf 0506-030346-13 1,900 15 2-May-96 8-May-96
AsOf 0506-030347-13 2,350 15 2-May-96 8-May-96
AsOf 0506-030348-13 6,900 15 2-May-96 8-May-96
AsOf 0506-030349-13 3,100 15 2-May-96 8-May-96
AsOf 0506-030350-13 500 15 2-May-96 8-May-96
AsOf 0506-030351-13 2,500 15 2-May-96 8-May-96
AsOf 0506-030352-13 2,500 15 2-May-96 8-May-96
AsOf 0506-030353-13 500 15 2-May-96 8-May-96
AsOf 0506-030354-13 1,200 15 2-May-96 8-May-96
AsOf 0506-030355-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030356-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030381-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030418-13 5,000 15 2-May-96 8-May-96
AsOf 0506-030431-13 100 15 2-May-96 8-May-96
AsOf 0506-030433-13 1,500 15 2-May-96 8-May-96
AsOf 0506-030434-13 1,500 15 2-May-96 8-May-96
AsOf 0506-030435-13 6,000 15 2-May-96 8-May-96
AsOf 0506-030436-13 50 15 2-May-96 8-May-96
AsOf 0506-030437-13 50 15 2-May-96 8-May-96
AsOf 0506-030439-13 12,800 15 2-May-96 8-May-96
AsOf 0506-030440-13 400 15 2-May-96 8-May-96
AsOf 0506-030441-13 8,200 15 2-May-96 8-May-96
AsOf 0506-030442-13 2,600 15 2-May-96 8-May-96
AsOf 0506-030443-13 700 15 2-May-96 8-May-96
AsOf 0506-030444-13 300 15 2-May-96 8-May-96
AsOf 0506-030445-13 5,000 15 2-May-96 8-May-96
AsOf 0506-030446-13 1,050 15 2-May-96 8-May-96
AsOf 0506-030447-13 950 15 2-May-96 8-May-96
AsOf 0506-030448-13 500 15 2-May-96 8-May-96
AsOf 0506-030449-13 13,400 15 2-May-96 8-May-96
AsOf 0506-030450-13 1,600 15 2-May-96 8-May-96
AsOf 0506-030451-13 100 15 2-May-96 8-May-96
AsOf 0506-030452-13 200 15 2-May-96 8-May-96
AsOf 0506-030453-13 100 15 2-May-96 8-May-96
AsOf 0506-030454-13 300 15 2-May-96 8-May-96
AsOf 0506-030455-13 100 15 2-May-96 8-May-96
AsOf 0506-030456-13 1,200 15 2-May-96 8-May-96
AsOf 0506-030457-13 600 15 2-May-96 8-May-96
AsOf 0506-030458-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030459-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030460-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030461-13 100 15 2-May-96 8-May-96
</TABLE>
85
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-030462-13 300 15 2-May-96 8-May-96
AsOf 0506-030463-13 100 15 2-May-96 8-May-96
AsOf 0506-030464-13 100 15 2-May-96 8-May-96
AsOf 0506-030465-13 400 15 2-May-96 8-May-96
AsOf 0506-030466-13 700 15 2-May-96 8-May-96
AsOf 0506-030467-13 1,300 15 2-May-96 8-May-96
AsOf 0506-030468-13 500 15 2-May-96 8-May-96
AsOf 0506-030470-13 500 15 2-May-96 8-May-96
AsOf 0506-030472-13 500 15 2-May-96 8-May-96
AsOf 0506-030473-13 1,900 15 2-May-96 8-May-96
AsOf 0506-030474-13 15,500 15 2-May-96 8-May-96
AsOf 0506-030475-13 100 15 2-May-96 8-May-96
AsOf 0506-030476-13 400 15 2-May-96 8-May-96
AsOf 0506-030477-13 200 15 2-May-96 8-May-96
AsOf 0506-030478-13 600 15 2-May-96 8-May-96
AsOf 0506-030479-13 600 15 2-May-96 8-May-96
AsOf 0506-030480-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030482-13 200 15 2-May-96 8-May-96
AsOf 0506-030483-13 50 15 2-May-96 8-May-96
AsOf 0506-030484-13 100 15 2-May-96 8-May-96
AsOf 0506-030485-13 200 15 2-May-96 8-May-96
AsOf 0506-030486-13 100 15 2-May-96 8-May-96
AsOf 0506-030487-13 200 15 2-May-96 8-May-96
AsOf 0506-030488-13 100 15 2-May-96 8-May-96
AsOf 0506-030489-13 100 15 2-May-96 8-May-96
AsOf 0506-030491-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030492-13 500 15 2-May-96 8-May-96
AsOf 0506-030493-13 300 15 2-May-96 8-May-96
AsOf 0506-030494-13 1,300 15 2-May-96 8-May-96
AsOf 0506-030495-13 100 15 2-May-96 8-May-96
AsOf 0506-030496-13 200 15 2-May-96 8-May-96
AsOf 0506-030497-13 100 15 2-May-96 8-May-96
AsOf 0506-030498-13 200 15 2-May-96 8-May-96
AsOf 0506-030499-13 100 15 2-May-96 8-May-96
AsOf 0506-030500-13 100 15 2-May-96 8-May-96
AsOf 0506-030501-13 100 15 2-May-96 8-May-96
AsOf 0506-030502-13 300 15 2-May-96 8-May-96
AsOf 0506-030504-13 5,200 15 2-May-96 8-May-96
AsOf 0506-030505-13 500 15 2-May-96 8-May-96
AsOf 0506-030506-13 100 15 2-May-96 8-May-96
AsOf 0506-030507-13 200 15 2-May-96 8-May-96
AsOf 0506-030508-13 300 15 2-May-96 8-May-96
AsOf 0506-030509-13 100 15 2-May-96 8-May-96
AsOf 0506-030510-13 200 15 2-May-96 8-May-96
AsOf 0506-030511-13 200 15 2-May-96 8-May-96
AsOf 0506-030513-13 100 15 2-May-96 8-May-96
AsOf 0506-030514-13 1,100 15 2-May-96 8-May-96
AsOf 0506-030515-13 400 15 2-May-96 8-May-96
</TABLE>
86
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-030516-13 100 15 2-May-96 8-May-96
AsOf 0506-030539-13 2,500 15 2-May-96 8-May-96
AsOf 0506-030543-13 850 15 2-May-96 8-May-96
AsOf 0506-030544-13 850 15 2-May-96 8-May-96
AsOf 0506-030545-13 100 15 2-May-96 8-May-96
AsOf 0506-030546-13 100 15 2-May-96 8-May-96
AsOf 0506-030549-13 3,000 15 2-May-96 8-May-96
AsOf 0506-030550-13 3,000 15 2-May-96 8-May-96
AsOf 0506-030553-13 500 15 2-May-96 8-May-96
AsOf 0506-030554-13 3,600 15 2-May-96 8-May-96
AsOf 0506-030555-13 400 15 2-May-96 8-May-96
AsOf 0506-030556-13 10,000 15 2-May-96 8-May-96
AsOf 0506-030557-13 7,000 15 2-May-96 8-May-96
AsOf 0506-030561-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030562-13 800 15 2-May-96 8-May-96
AsOf 0506-030563-13 200 15 2-May-96 8-May-96
AsOf 0506-030565-13 500 15 2-May-96 8-May-96
AsOf 0506-030566-13 250 15 2-May-96 8-May-96
AsOf 0506-030567-13 250 15 2-May-96 8-May-96
AsOf 0506-030568-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030598-13 600 15 2-May-96 8-May-96
AsOf 0506-030599-13 1,100 15 2-May-96 8-May-96
AsOf 0506-030600-13 100 15 2-May-96 8-May-96
AsOf 0506-030601-13 800 15 2-May-96 8-May-96
AsOf 0506-030602-13 100 15 2-May-96 8-May-96
AsOf 0506-030603-13 100 15 2-May-96 8-May-96
AsOf 0506-030604-13 100 15 2-May-96 8-May-96
AsOf 0506-030605-13 400 15 2-May-96 8-May-96
AsOf 0506-030606-13 300 15 2-May-96 8-May-96
AsOf 0506-030607-13 300 15 2-May-96 8-May-96
AsOf 0506-030608-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030609-13 800 15 2-May-96 8-May-96
AsOf 0506-030610-13 400 15 2-May-96 8-May-96
AsOf 0506-030611-13 200 15 2-May-96 8-May-96
AsOf 0506-030616-13 300 15 2-May-96 8-May-96
AsOf 0506-030617-13 800 15 2-May-96 8-May-96
AsOf 0506-030618-13 200 15 2-May-96 8-May-96
AsOf 0506-030619-13 300 15 2-May-96 8-May-96
AsOf 0506-030620-13 600 15 2-May-96 8-May-96
AsOf 0506-030621-13 1,600 15 2-May-96 8-May-96
AsOf 0506-030622-13 100 15 2-May-96 8-May-96
AsOf 0506-030623-13 500 15 2-May-96 8-May-96
AsOf 0506-030624-13 200 15 2-May-96 8-May-96
AsOf 0506-030625-13 1,100 15 2-May-96 8-May-96
AsOf 0506-030626-13 1,400 15 2-May-96 8-May-96
AsOf 0506-030627-13 600 15 2-May-96 8-May-96
AsOf 0506-030628-13 500 15 2-May-96 8-May-96
AsOf 0506-030629-13 2,000 15 2-May-96 8-May-96
</TABLE>
87
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-030630-13 1,700 15 2-May-96 8-May-96
AsOf 0506-030631-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030632-13 800 15 2-May-96 8-May-96
AsOf 0506-030657-13 1,500 15 2-May-96 8-May-96
AsOf 0506-030658-13 3,500 15 2-May-96 8-May-96
AsOf 0506-030672-13 10,000 15 2-May-96 8-May-96
AsOf 0506-030673-13 100 15 2-May-96 8-May-96
AsOf 0506-030674-13 1,300 15 2-May-96 8-May-96
AsOf 0506-030675-13 100 15 2-May-96 8-May-96
AsOf 0506-030676-13 100 15 2-May-96 8-May-96
AsOf 0506-030677-13 600 15 2-May-96 8-May-96
AsOf 0506-030678-13 100 15 2-May-96 8-May-96
AsOf 0506-030679-13 4,600 15 2-May-96 8-May-96
AsOf 0506-030680-13 9,000 15 2-May-96 8-May-96
AsOf 0506-030681-13 2,300 15 2-May-96 8-May-96
AsOf 0506-030682-13 14,200 15 2-May-96 8-May-96
AsOf 0506-030683-13 800 15 2-May-96 8-May-96
AsOf 0506-030684-13 2,500 15 2-May-96 8-May-96
AsOf 0506-030685-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030686-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030687-13 300 15 2-May-96 8-May-96
AsOf 0506-030688-13 100 15 2-May-96 8-May-96
AsOf 0506-030689-13 100 15 2-May-96 8-May-96
AsOf 0506-030700-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030701-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030702-13 400 15 2-May-96 8-May-96
AsOf 0506-030703-13 500 15 2-May-96 8-May-96
AsOf 0506-030704-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030705-13 200 15 2-May-96 8-May-96
AsOf 0506-030706-13 800 15 2-May-96 8-May-96
AsOf 0506-030707-13 100 15 2-May-96 8-May-96
AsOf 0506-030708-13 500 15 2-May-96 8-May-96
AsOf 0506-030709-13 1,500 15 2-May-96 8-May-96
AsOf 0506-030721-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030722-13 1,900 15 2-May-96 8-May-96
AsOf 0506-030723-13 100 15 2-May-96 8-May-96
AsOf 0506-030724-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030725-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030726-13 300 15 2-May-96 8-May-96
AsOf 0506-030727-13 700 15 2-May-96 8-May-96
AsOf 0506-030761-13 200 15 2-May-96 8-May-96
AsOf 0506-030762-13 200 15 2-May-96 8-May-96
AsOf 0506-030763-13 500 15 2-May-96 8-May-96
AsOf 0506-030764-13 300 15 2-May-96 8-May-96
AsOf 0506-030765-13 400 15 2-May-96 8-May-96
AsOf 0506-030779-13 200 15 2-May-96 8-May-96
AsOf 0506-030780-13 500 15 2-May-96 8-May-96
AsOf 0506-030781-13 200 15 2-May-96 8-May-96
</TABLE>
88
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-030784-13 100 15 2-May-96 8-May-96
AsOf 0506-030785-13 100 15 2-May-96 8-May-96
AsOf 0506-030786-13 100 15 2-May-96 8-May-96
AsOf 0506-030787-13 100 15 2-May-96 8-May-96
AsOf 0506-030788-13 100 15 2-May-96 8-May-96
AsOf 0506-030789-13 100 15 2-May-96 8-May-96
AsOf 0506-030790-13 100 15 2-May-96 8-May-96
AsOf 0506-030791-13 100 15 2-May-96 8-May-96
AsOf 0506-030792-13 200 15 2-May-96 8-May-96
AsOf 0506-030793-13 250 15 2-May-96 8-May-96
AsOf 0506-030794-13 250 15 2-May-96 8-May-96
AsOf 0506-030795-13 200 15 2-May-96 8-May-96
AsOf 0506-030796-13 650 15 2-May-96 8-May-96
AsOf 0506-030797-13 250 15 2-May-96 8-May-96
AsOf 0506-030798-13 350 15 2-May-96 8-May-96
AsOf 0506-030799-13 100 15 2-May-96 8-May-96
AsOf 0506-030800-13 250 15 2-May-96 8-May-96
AsOf 0506-030801-13 250 15 2-May-96 8-May-96
AsOf 0506-030802-13 250 15 2-May-96 8-May-96
AsOf 0506-030803-13 250 15 2-May-96 8-May-96
AsOf 0506-030804-13 400 15 2-May-96 8-May-96
AsOf 0506-030805-13 50 15 2-May-96 8-May-96
AsOf 0506-030806-13 100 15 2-May-96 8-May-96
AsOf 0506-030808-13 150 15 2-May-96 8-May-96
AsOf 0506-030809-13 300 15 2-May-96 8-May-96
AsOf 0506-030810-13 150 15 2-May-96 8-May-96
AsOf 0506-030811-13 300 15 2-May-96 8-May-96
AsOf 0506-030812-13 2,500 15 2-May-96 8-May-96
AsOf 0506-030814-13 10,000 15 2-May-96 8-May-96
AsOf 0506-030817-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030824-13 200 15 2-May-96 8-May-96
AsOf 0506-030825-13 200 15 2-May-96 8-May-96
AsOf 0506-030829-13 5,000 15 2-May-96 8-May-96
AsOf 0506-030831-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030832-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030833-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030834-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030840-13 4,100 15 2-May-96 8-May-96
AsOf 0506-030841-13 4,400 15 2-May-96 8-May-96
AsOf 0506-030842-13 1,700 15 2-May-96 8-May-96
AsOf 0506-030843-13 6,000 15 2-May-96 8-May-96
AsOf 0506-030844-13 700 15 2-May-96 8-May-96
AsOf 0506-030845-13 3,100 15 2-May-96 8-May-96
AsOf 0506-030849-13 6,000 15 2-May-96 8-May-96
AsOf 0506-030850-13 1,500 15 2-May-96 8-May-96
AsOf 0506-030857-13 5,000 15 2-May-96 8-May-96
AsOf 0506-030863-13 16,300 15 2-May-96 8-May-96
AsOf 0506-030864-13 2,500 15 2-May-96 8-May-96
</TABLE>
89
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-030865-13 1,300 15 2-May-96 8-May-96
AsOf 0506-030866-13 2,500 15 2-May-96 8-May-96
AsOf 0506-030867-13 200 15 2-May-96 8-May-96
AsOf 0506-030868-13 6,900 15 2-May-96 8-May-96
AsOf 0506-030869-13 100 15 2-May-96 8-May-96
AsOf 0506-030870-13 100 15 2-May-96 8-May-96
AsOf 0506-030871-13 100 15 2-May-96 8-May-96
AsOf 0506-030872-13 2,750 15 2-May-96 8-May-96
AsOf 0506-030873-13 1,800 15 2-May-96 8-May-96
AsOf 0506-030874-13 950 15 2-May-96 8-May-96
AsOf 0506-030882-13 9,000 15 2-May-96 8-May-96
AsOf 0506-030883-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030884-13 3,400 15 2-May-96 8-May-96
AsOf 0506-030885-13 3,400 15 2-May-96 8-May-96
AsOf 0506-030886-13 200 15 2-May-96 8-May-96
AsOf 0506-030887-13 200 15 2-May-96 8-May-96
AsOf 0506-030888-13 200 15 2-May-96 8-May-96
AsOf 0506-030889-13 200 15 2-May-96 8-May-96
AsOf 0506-030890-13 200 15 2-May-96 8-May-96
AsOf 0506-030891-13 200 15 2-May-96 8-May-96
AsOf 0506-030892-13 200 15 2-May-96 8-May-96
AsOf 0506-030893-13 100 15 2-May-96 8-May-96
AsOf 0506-030894-13 25,000 15 2-May-96 8-May-96
AsOf 0506-030895-13 6,500 15 2-May-96 8-May-96
AsOf 0506-030896-13 6,500 15 2-May-96 8-May-96
AsOf 0506-030898-13 5,000 15 2-May-96 8-May-96
AsOf 0506-030899-13 5,000 15 2-May-96 8-May-96
AsOf 0506-030901-13 10,000 15 2-May-96 8-May-96
AsOf 0506-030902-13 2,000 15 2-May-96 8-May-96
AsOf 0506-030903-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030904-13 200 15 2-May-96 8-May-96
AsOf 0506-030905-13 18,700 15 2-May-96 8-May-96
AsOf 0506-030920-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030921-13 600 15 2-May-96 8-May-96
AsOf 0506-030922-13 400 15 2-May-96 8-May-96
AsOf 0506-030923-13 15,000 15 2-May-96 8-May-96
AsOf 0506-030924-13 3,500 15 2-May-96 8-May-96
AsOf 0506-030925-13 600 15 2-May-96 8-May-96
AsOf 0506-030926-13 1,400 15 2-May-96 8-May-96
AsOf 0506-030927-13 300 15 2-May-96 8-May-96
AsOf 0506-030928-13 200 15 2-May-96 8-May-96
AsOf 0506-030929-13 100 15 2-May-96 8-May-96
AsOf 0506-030930-13 200 15 2-May-96 8-May-96
AsOf 0506-030931-13 900 15 2-May-96 8-May-96
AsOf 0506-030932-13 3,700 15 2-May-96 8-May-96
AsOf 0506-030933-13 2,500 15 2-May-96 8-May-96
AsOf 0506-030934-13 4,100 15 2-May-96 8-May-96
AsOf 0506-030935-13 400 15 2-May-96 8-May-96
</TABLE>
90
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-030936-13 2,100 15 2-May-96 8-May-96
AsOf 0506-030937-13 200 15 2-May-96 8-May-96
AsOf 0506-030939-13 22,500 15 2-May-96 8-May-96
AsOf 0506-030940-13 20,000 15 2-May-96 8-May-96
AsOf 0506-030955-13 200 15 2-May-96 8-May-96
AsOf 0506-030956-13 1,410 15 2-May-96 8-May-96
AsOf 0506-030957-13 1,165 15 2-May-96 8-May-96
AsOf 0506-030958-13 1,255 15 2-May-96 8-May-96
AsOf 0506-030959-13 3,170 15 2-May-96 8-May-96
AsOf 0506-030961-13 1,000 15 2-May-96 8-May-96
AsOf 0506-030976-13 7,500 15 2-May-96 8-May-96
AsOf 0506-030977-13 3,000 15 2-May-96 8-May-96
AsOf 0506-030978-13 15,500 15 2-May-96 8-May-96
AsOf 0506-030979-13 6,500 15 2-May-96 8-May-96
AsOf 0506-030980-13 500 15 2-May-96 8-May-96
AsOf 0506-030981-13 10,000 15 2-May-96 8-May-96
AsOf 0506-030982-13 17,500 15 2-May-96 8-May-96
AsOf 0506-030983-13 2,500 15 2-May-96 8-May-96
AsOf 0506-030984-13 20,000 15 2-May-96 8-May-96
AsOf 0506-030999-13 4,300 15 2-May-96 8-May-96
AsOf 0506-031000-13 700 15 2-May-96 8-May-96
AsOf 0506-031001-13 10,000 15 2-May-96 8-May-96
AsOf 0506-031016-13 5,000 15 2-May-96 8-May-96
AsOf 0506-031027-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031028-13 700 15 2-May-96 8-May-96
AsOf 0506-031029-13 500 15 2-May-96 8-May-96
AsOf 0506-031030-13 500 15 2-May-96 8-May-96
AsOf 0506-031031-13 600 15 2-May-96 8-May-96
AsOf 0506-031032-13 700 15 2-May-96 8-May-96
AsOf 0506-031033-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031035-13 100 15 2-May-96 8-May-96
AsOf 0506-031036-13 500 15 2-May-96 8-May-96
AsOf 0506-031037-13 800 15 2-May-96 8-May-96
AsOf 0506-031038-13 400 15 2-May-96 8-May-96
AsOf 0506-031039-13 100 15 2-May-96 8-May-96
AsOf 0506-031040-13 100 15 2-May-96 8-May-96
AsOf 0506-031041-13 200 15 2-May-96 8-May-96
AsOf 0506-031042-13 3,000 15 2-May-96 8-May-96
AsOf 0506-031043-13 2,000 15 2-May-96 8-May-96
AsOf 0506-031044-13 100 15 2-May-96 8-May-96
AsOf 0506-031045-13 500 15 2-May-96 8-May-96
AsOf 0506-031046-13 100 15 2-May-96 8-May-96
AsOf 0506-031047-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031048-13 3,700 15 2-May-96 8-May-96
AsOf 0506-031049-13 5,000 15 2-May-96 8-May-96
AsOf 0506-031050-13 10,000 15 2-May-96 8-May-96
AsOf 0506-031055-13 900 15 2-May-96 8-May-96
AsOf 0506-031056-13 2,500 15 2-May-96 8-May-96
</TABLE>
91
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-031057-13 450 15 2-May-96 8-May-96
AsOf 0506-031058-13 300 15 2-May-96 8-May-96
AsOf 0506-031060-13 2,400 15 2-May-96 8-May-96
AsOf 0506-031061-13 450 15 2-May-96 8-May-96
AsOf 0506-031062-13 700 15 2-May-96 8-May-96
AsOf 0506-031063-13 1,200 15 2-May-96 8-May-96
AsOf 0506-031064-13 100 15 2-May-96 8-May-96
AsOf 0506-031065-13 50 15 2-May-96 8-May-96
AsOf 0506-031066-13 700 15 2-May-96 8-May-96
AsOf 0506-031067-13 50 15 2-May-96 8-May-96
AsOf 0506-031068-13 9,900 15 2-May-96 8-May-96
AsOf 0506-031069-13 100 15 2-May-96 8-May-96
AsOf 0506-031072-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031073-13 1,300 15 2-May-96 8-May-96
AsOf 0506-031074-13 700 15 2-May-96 8-May-96
AsOf 0506-031075-13 500 15 2-May-96 8-May-96
AsOf 0506-031076-13 500 15 2-May-96 8-May-96
AsOf 0506-031077-13 700 15 2-May-96 8-May-96
AsOf 0506-031078-13 100 15 2-May-96 8-May-96
AsOf 0506-031079-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031080-13 3,000 15 2-May-96 8-May-96
AsOf 0506-031081-13 3,400 15 2-May-96 8-May-96
AsOf 0506-031082-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031083-13 100 15 2-May-96 8-May-96
AsOf 0506-031084-13 1,500 15 2-May-96 8-May-96
AsOf 0506-031085-13 500 15 2-May-96 8-May-96
AsOf 0506-031086-13 5,000 15 2-May-96 8-May-96
AsOf 0506-031087-13 9,500 15 2-May-96 8-May-96
AsOf 0506-031088-13 500 15 2-May-96 8-May-96
AsOf 0506-031090-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031091-13 1,900 15 2-May-96 8-May-96
AsOf 0506-031092-13 8,100 15 2-May-96 8-May-96
AsOf 0506-031093-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031094-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031100-13 500 15 2-May-96 8-May-96
AsOf 0506-031101-13 500 15 2-May-96 8-May-96
AsOf 0506-031102-13 500 15 2-May-96 8-May-96
AsOf 0506-031103-13 500 15 2-May-96 8-May-96
AsOf 0506-031104-13 500 15 2-May-96 8-May-96
AsOf 0506-031105-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031106-13 500 15 2-May-96 8-May-96
AsOf 0506-031107-13 1,500 15 2-May-96 8-May-96
AsOf 0506-031108-13 300 15 2-May-96 8-May-96
AsOf 0506-031109-13 500 15 2-May-96 8-May-96
AsOf 0506-031110-13 500 15 2-May-96 8-May-96
AsOf 0506-031111-13 2,200 15 2-May-96 8-May-96
AsOf 0506-031112-13 500 15 2-May-96 8-May-96
AsOf 0506-031113-13 400 15 2-May-96 8-May-96
</TABLE>
92
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-031115-13 1,400 15 2-May-96 8-May-96
AsOf 0506-031116-13 18,600 15 2-May-96 8-May-96
AsOf 0506-031117-13 2,500 15 2-May-96 8-May-96
AsOf 0506-031119-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031123-13 300 15 2-May-96 8-May-96
AsOf 0506-031124-13 300 15 2-May-96 8-May-96
AsOf 0506-031125-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031126-13 200 15 2-May-96 8-May-96
AsOf 0506-031127-13 4,500 15 2-May-96 8-May-96
AsOf 0506-031128-13 100 15 2-May-96 8-May-96
AsOf 0506-031129-13 500 15 2-May-96 8-May-96
AsOf 0506-031130-13 500 15 2-May-96 8-May-96
AsOf 0506-031131-13 5,000 15 2-May-96 8-May-96
AsOf 0506-031132-13 500 15 2-May-96 8-May-96
AsOf 0506-031133-13 500 15 2-May-96 8-May-96
AsOf 0506-031134-13 500 15 2-May-96 8-May-96
AsOf 0506-031135-13 500 15 2-May-96 8-May-96
AsOf 0506-031136-13 500 15 2-May-96 8-May-96
AsOf 0506-031137-13 300 15 2-May-96 8-May-96
AsOf 0506-031138-13 300 15 2-May-96 8-May-96
AsOf 0506-031140-13 500 15 2-May-96 8-May-96
AsOf 0506-031141-13 2,000 15 2-May-96 8-May-96
AsOf 0506-031142-13 900 15 2-May-96 8-May-96
AsOf 0506-031143-13 300 15 2-May-96 8-May-96
AsOf 0506-031144-13 2,000 15 2-May-96 8-May-96
AsOf 0506-031145-13 1,500 15 2-May-96 8-May-96
AsOf 0506-031146-13 100 15 2-May-96 8-May-96
AsOf 0506-031148-13 400 15 2-May-96 8-May-96
AsOf 0506-031149-13 100 15 2-May-96 8-May-96
AsOf 0506-031150-13 100 15 2-May-96 8-May-96
AsOf 0506-031151-13 200 15 2-May-96 8-May-96
AsOf 0506-031152-13 400 15 2-May-96 8-May-96
AsOf 0506-031153-13 100 15 2-May-96 8-May-96
AsOf 0506-031154-13 100 15 2-May-96 8-May-96
AsOf 0506-031155-13 700 15 2-May-96 8-May-96
AsOf 0506-031156-13 300 15 2-May-96 8-May-96
AsOf 0506-031157-13 200 15 2-May-96 8-May-96
AsOf 0506-031158-13 800 15 2-May-96 8-May-96
AsOf 0506-031159-13 200 15 2-May-96 8-May-96
AsOf 0506-031215-13 200 15 2-May-96 8-May-96
AsOf 0506-031227-13 7,000 15 2-May-96 8-May-96
AsOf 0506-031231-13 1,700 15 2-May-96 8-May-96
AsOf 0506-031232-13 2,000 15 2-May-96 8-May-96
AsOf 0506-031233-13 2,100 15 2-May-96 8-May-96
AsOf 0506-031234-13 4,300 15 2-May-96 8-May-96
AsOf 0506-031235-13 3,300 15 2-May-96 8-May-96
AsOf 0506-031236-13 600 15 2-May-96 8-May-96
AsOf 0506-031237-13 700 15 2-May-96 8-May-96
</TABLE>
93
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-031238-13 1,800 15 2-May-96 8-May-96
AsOf 0506-031239-13 10,000 15 2-May-96 8-May-96
AsOf 0506-031255-13 5,000 15 2-May-96 8-May-96
AsOf 0506-031256-13 100 15 2-May-96 8-May-96
AsOf 0506-031257-13 100 15 2-May-96 8-May-96
AsOf 0506-031258-13 100 15 2-May-96 8-May-96
AsOf 0506-031259-13 1,500 15 2-May-96 8-May-96
AsOf 0506-031260-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031261-13 4,000 15 2-May-96 8-May-96
AsOf 0506-031271-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031278-13 800 15 2-May-96 8-May-96
AsOf 0506-031279-13 100 15 2-May-96 8-May-96
AsOf 0506-031280-13 100 15 2-May-96 8-May-96
AsOf 0506-031284-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031297-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031300-13 200 15 2-May-96 8-May-96
AsOf 0506-031303-13 100 15 2-May-96 8-May-96
AsOf 0506-031304-13 100 15 2-May-96 8-May-96
AsOf 0506-031305-13 500 15 2-May-96 8-May-96
AsOf 0506-031306-13 200 15 2-May-96 8-May-96
AsOf 0506-031307-13 500 15 2-May-96 8-May-96
AsOf 0506-031308-13 100 15 2-May-96 8-May-96
AsOf 0506-031309-13 500 15 2-May-96 8-May-96
AsOf 0506-031310-13 200 15 2-May-96 8-May-96
AsOf 0506-031311-13 100 15 2-May-96 8-May-96
AsOf 0506-031312-13 700 15 2-May-96 8-May-96
AsOf 0506-031313-13 500 15 2-May-96 8-May-96
AsOf 0506-031314-13 200 15 2-May-96 8-May-96
AsOf 0506-031315-13 400 15 2-May-96 8-May-96
AsOf 0506-031316-13 300 15 2-May-96 8-May-96
AsOf 0506-031317-13 100 15 2-May-96 8-May-96
AsOf 0506-031318-13 100 15 2-May-96 8-May-96
AsOf 0506-031319-13 700 15 2-May-96 8-May-96
AsOf 0506-031320-13 100 15 2-May-96 8-May-96
AsOf 0506-031321-13 5,000 15 2-May-96 8-May-96
AsOf 0506-031322-13 21,350 15 2-May-96 8-May-96
AsOf 0506-031334-13 300 15 2-May-96 8-May-96
AsOf 0506-031335-13 300 15 2-May-96 8-May-96
AsOf 0506-031336-13 100 15 2-May-96 8-May-96
AsOf 0506-031337-13 1,500 15 2-May-96 8-May-96
AsOf 0506-031338-13 300 15 2-May-96 8-May-96
AsOf 0506-031339-13 100 15 2-May-96 8-May-96
AsOf 0506-031340-13 800 15 2-May-96 8-May-96
AsOf 0506-031341-13 300 15 2-May-96 8-May-96
AsOf 0506-031342-13 100 15 2-May-96 8-May-96
AsOf 0506-031343-13 1,200 15 2-May-96 8-May-96
AsOf 0506-031349-13 200 15 2-May-96 8-May-96
AsOf 0506-031350-13 200 15 2-May-96 8-May-96
</TABLE>
94
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-031351-13 500 15 2-May-96 8-May-96
AsOf 0506-031352-13 100 15 2-May-96 8-May-96
AsOf 0506-031353-13 300 15 2-May-96 8-May-96
AsOf 0506-031354-13 200 15 2-May-96 8-May-96
AsOf 0506-031355-13 5,000 15 2-May-96 8-May-96
AsOf 0506-031356-13 5,000 15 2-May-96 8-May-96
AsOf 0506-031357-13 3,000 15 2-May-96 8-May-96
AsOf 0506-031358-13 200 15 2-May-96 8-May-96
AsOf 0506-031359-13 200 15 2-May-96 8-May-96
AsOf 0506-031360-13 200 15 2-May-96 8-May-96
AsOf 0506-031361-13 200 15 2-May-96 8-May-96
AsOf 0506-031362-13 200 15 2-May-96 8-May-96
AsOf 0506-031363-13 75 15 2-May-96 8-May-96
AsOf 0506-031364-13 75 15 2-May-96 8-May-96
AsOf 0506-031365-13 10 15 2-May-96 8-May-96
AsOf 0506-031367-13 1,400 15 2-May-96 8-May-96
AsOf 0506-031368-13 5,100 15 2-May-96 8-May-96
AsOf 0506-031369-13 500 15 2-May-96 8-May-96
AsOf 0506-031370-13 500 15 2-May-96 8-May-96
AsOf 0506-031371-13 500 15 2-May-96 8-May-96
AsOf 0506-031372-13 500 15 2-May-96 8-May-96
AsOf 0506-031373-13 500 15 2-May-96 8-May-96
AsOf 0506-031374-13 500 15 2-May-96 8-May-96
AsOf 0506-031375-13 300 15 2-May-96 8-May-96
AsOf 0506-031376-13 200 15 2-May-96 8-May-96
AsOf 0506-031377-13 300 15 2-May-96 8-May-96
AsOf 0506-031378-13 300 15 2-May-96 8-May-96
AsOf 0506-031379-13 100 15 2-May-96 8-May-96
AsOf 0506-031380-13 200 15 2-May-96 8-May-96
AsOf 0506-031381-13 200 15 2-May-96 8-May-96
AsOf 0506-031382-13 500 15 2-May-96 8-May-96
AsOf 0506-031383-13 300 15 2-May-96 8-May-96
AsOf 0506-031384-13 500 15 2-May-96 8-May-96
AsOf 0506-031385-13 300 15 2-May-96 8-May-96
AsOf 0506-031386-13 500 15 2-May-96 8-May-96
AsOf 0506-031387-13 450 15 2-May-96 8-May-96
AsOf 0506-031388-13 450 15 2-May-96 8-May-96
AsOf 0506-031389-13 450 15 2-May-96 8-May-96
AsOf 0506-031390-13 400 15 2-May-96 8-May-96
AsOf 0506-031391-13 900 15 2-May-96 8-May-96
AsOf 0506-031392-13 2,000 15 2-May-96 8-May-96
AsOf 0506-031393-13 900 15 2-May-96 8-May-96
AsOf 0506-031394-13 200 15 2-May-96 8-May-96
AsOf 0506-031395-13 800 15 2-May-96 8-May-96
AsOf 0506-031396-13 250 15 2-May-96 8-May-96
AsOf 0506-031397-13 200 15 2-May-96 8-May-96
AsOf 0506-031398-13 50 15 2-May-96 8-May-96
AsOf 0506-031399-13 400 15 2-May-96 8-May-96
</TABLE>
95
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-031400-13 400 15 2-May-96 8-May-96
AsOf 0506-031401-13 300 15 2-May-96 8-May-96
AsOf 0506-031403-13 200 15 2-May-96 8-May-96
AsOf 0506-031404-13 200 15 2-May-96 8-May-96
AsOf 0506-031405-13 200 15 2-May-96 8-May-96
AsOf 0506-031406-13 200 15 2-May-96 8-May-96
AsOf 0506-031407-13 200 15 2-May-96 8-May-96
AsOf 0506-031408-13 200 15 2-May-96 8-May-96
AsOf 0506-031409-13 200 15 2-May-96 8-May-96
AsOf 0506-031410-13 300 15 2-May-96 8-May-96
AsOf 0506-031411-13 200 15 2-May-96 8-May-96
AsOf 0506-031412-13 200 15 2-May-96 8-May-96
AsOf 0506-031413-13 200 15 2-May-96 8-May-96
AsOf 0506-031414-13 300 15 2-May-96 8-May-96
AsOf 0506-031415-13 200 15 2-May-96 8-May-96
AsOf 0506-031416-13 200 15 2-May-96 8-May-96
AsOf 0506-031422-13 200 15 2-May-96 8-May-96
AsOf 0506-031423-13 200 15 2-May-96 8-May-96
AsOf 0506-031424-13 300 15 2-May-96 8-May-96
AsOf 0506-031425-13 300 15 2-May-96 8-May-96
AsOf 0506-031426-13 200 15 2-May-96 8-May-96
AsOf 0506-031427-13 100 15 2-May-96 8-May-96
AsOf 0506-031428-13 200 15 2-May-96 8-May-96
AsOf 0506-031429-13 200 15 2-May-96 8-May-96
AsOf 0506-031430-13 200 15 2-May-96 8-May-96
AsOf 0506-031431-13 500 15 2-May-96 8-May-96
AsOf 0506-031432-13 200 15 2-May-96 8-May-96
AsOf 0506-031433-13 200 15 2-May-96 8-May-96
AsOf 0506-031434-13 200 15 2-May-96 8-May-96
AsOf 0506-031435-13 200 15 2-May-96 8-May-96
AsOf 0506-031436-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031437-13 1,300 15 2-May-96 8-May-96
AsOf 0506-031438-13 500 15 2-May-96 8-May-96
AsOf 0506-031439-13 400 15 2-May-96 8-May-96
AsOf 0506-031440-13 500 15 2-May-96 8-May-96
AsOf 0506-031441-13 300 15 2-May-96 8-May-96
AsOf 0506-031442-13 200 15 2-May-96 8-May-96
AsOf 0506-031443-13 400 15 2-May-96 8-May-96
AsOf 0506-031444-13 1,200 15 2-May-96 8-May-96
AsOf 0506-031445-13 500 15 2-May-96 8-May-96
AsOf 0506-031446-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031447-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031448-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031449-13 1,000 15 2-May-96 8-May-96
AsOf 0506-031450-13 900 15 2-May-96 8-May-96
AsOf 0506-031455-13 500 15 2-May-96 8-May-96
AsOf 0506-031456-13 300 15 2-May-96 8-May-96
AsOf 0506-031457-13 300 15 2-May-96 8-May-96
</TABLE>
96
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-031458-13 200 15 2-May-96 8-May-96
AsOf 0506-031459-13 300 15 2-May-96 8-May-96
AsOf 0506-031460-13 300 15 2-May-96 8-May-96
AsOf 0506-031461-13 300 15 2-May-96 8-May-96
AsOf 0506-031462-13 300 15 2-May-96 8-May-96
AsOf 0506-031463-13 200 15 2-May-96 8-May-96
AsOf 0506-031464-13 300 15 2-May-96 8-May-96
AsOf 0506-031465-13 200 15 2-May-96 8-May-96
AsOf 0506-031466-13 200 15 2-May-96 8-May-96
AsOf 0506-031467-13 300 15 2-May-96 8-May-96
AsOf 0506-031468-13 300 15 2-May-96 8-May-96
AsOf 0506-031469-13 200 15 2-May-96 8-May-96
AsOf 0506-031470-13 200 15 2-May-96 8-May-96
AsOf 0506-031471-13 200 15 2-May-96 8-May-96
AsOf 0506-031472-13 6,050 15 2-May-96 8-May-96
AsOf 0506-031473-13 100 15 2-May-96 8-May-96
AsOf 0506-031474-13 100 15 2-May-96 8-May-96
AsOf 0506-031475-13 250 15 2-May-96 8-May-96
AsOf 0506-031476-13 100 15 2-May-96 8-May-96
AsOf 0506-031477-13 100 15 2-May-96 8-May-96
AsOf 0506-031478-13 150 15 2-May-96 8-May-96
AsOf 0506-031479-13 200 15 2-May-96 8-May-96
AsOf 0506-031486-13 200 15 2-May-96 8-May-96
AsOf 0506-031487-13 100 15 2-May-96 8-May-96
AsOf 0506-031488-13 100 15 2-May-96 8-May-96
AsOf 0506-031489-13 100 15 2-May-96 8-May-96
AsOf 0506-031490-13 200 15 2-May-96 8-May-96
AsOf 0506-031491-13 200 15 2-May-96 8-May-96
AsOf 0506-031492-13 200 15 2-May-96 8-May-96
AsOf 0506-031493-13 300 15 2-May-96 8-May-96
AsOf 0506-031494-13 100 15 2-May-96 8-May-96
AsOf 0506-031495-13 200 15 2-May-96 8-May-96
AsOf 0506-031496-13 300 15 2-May-96 8-May-96
AsOf 0506-031497-13 200 15 2-May-96 8-May-96
AsOf 0506-031498-13 200 15 2-May-96 8-May-96
AsOf 0506-031499-13 300 15 2-May-96 8-May-96
AsOf 0506-031500-13 200 15 2-May-96 8-May-96
AsOf 0506-031501-13 200 15 2-May-96 8-May-96
AsOf 0506-031502-13 200 15 2-May-96 8-May-96
AsOf 0506-031503-13 200 15 2-May-96 8-May-96
AsOf 0506-031504-13 16,000 15 2-May-96 8-May-96
AsOf 0506-031505-13 4,000 15 2-May-96 8-May-96
AsOf 0506-031506-13 100 15 2-May-96 8-May-96
AsOf 0506-031507-13 100 15 2-May-96 8-May-96
AsOf 0506-031508-13 100 15 2-May-96 8-May-96
AsOf 0506-031509-13 100 15 2-May-96 8-May-96
AsOf 0506-031510-13 100 15 2-May-96 8-May-96
AsOf 0506-031512-13 8,300 15 2-May-96 8-May-96
</TABLE>
97
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-031513-13 4,000 15 2-May-96 8-May-96
AsOf 0506-031514-13 7,000 15 2-May-96 8-May-96
AsOf 0506-031515-13 200 15 2-May-96 8-May-96
AsOf 0506-031516-13 100 15 2-May-96 8-May-96
AsOf 0506-031517-13 500 15 2-May-96 8-May-96
AsOf 0506-031518-13 200 15 2-May-96 8-May-96
AsOf 0506-031519-13 500 15 2-May-96 8-May-96
AsOf 0506-031520-13 200 15 2-May-96 8-May-96
AsOf 0506-031521-13 200 15 2-May-96 8-May-96
AsOf 0506-031522-13 200 15 2-May-96 8-May-96
AsOf 0506-031524-13 165 15 2-May-96 8-May-96
Corr 0506-998535-13 150 15 2-May-96 8-May-96
Corr 0506-998537-13 500 15 2-May-96 8-May-96
Corr 0506-998540-13 2,000 15 2-May-96 8-May-96
Corr 0506-998541-13 2,000 15 2-May-96 8-May-96
Corr 0506-999704-13 100 15 2-May-96 8-May-96
AsOf 7503-030084-13 4,000 15 2-May-96 8-May-96
AsOf 7503-030085-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030086-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030087-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030088-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030089-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030090-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030091-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030092-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030093-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030094-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030095-13 500 15 2-May-96 8-May-96
AsOf 7503-030096-13 500 15 2-May-96 8-May-96
AsOf 7503-030097-13 500 15 2-May-96 8-May-96
AsOf 7503-030098-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030099-13 500 15 2-May-96 8-May-96
AsOf 7503-030100-13 500 15 2-May-96 8-May-96
AsOf 7503-030101-13 500 15 2-May-96 8-May-96
AsOf 7503-030102-13 500 15 2-May-96 8-May-96
AsOf 7503-030103-13 500 15 2-May-96 8-May-96
AsOf 7503-030104-13 700 15 2-May-96 8-May-96
AsOf 7503-030105-13 300 15 2-May-96 8-May-96
AsOf 7503-030106-13 500 15 2-May-96 8-May-96
AsOf 7503-030107-13 2,000 15 2-May-96 8-May-96
AsOf 7503-030108-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030109-13 500 15 2-May-96 8-May-96
AsOf 7503-030110-13 2,000 15 2-May-96 8-May-96
AsOf 7503-030111-13 500 15 2-May-96 8-May-96
AsOf 7503-030112-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030113-13 3,000 15 2-May-96 8-May-96
AsOf 7503-030114-13 17,000 15 2-May-96 8-May-96
AsOf 7503-030115-13 1,000 15 2-May-96 8-May-96
</TABLE>
98
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 7503-030116-13 5,000 15 2-May-96 8-May-96
AsOf 7503-030117-13 5,000 15 2-May-96 8-May-96
AsOf 7503-030118-13 2,000 15 2-May-96 8-May-96
AsOf 7503-030119-13 5,000 15 2-May-96 8-May-96
AsOf 7503-030120-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030132-13 600 15 2-May-96 8-May-96
AsOf 7503-030133-13 1,700 15 2-May-96 8-May-96
AsOf 7503-030134-13 500 15 2-May-96 8-May-96
AsOf 7503-030135-13 500 15 2-May-96 8-May-96
AsOf 7503-030136-13 500 15 2-May-96 8-May-96
AsOf 7503-030137-13 500 15 2-May-96 8-May-96
AsOf 7503-030138-13 500 15 2-May-96 8-May-96
AsOf 7503-030140-13 500 15 2-May-96 8-May-96
AsOf 7503-030155-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030156-13 200 15 2-May-96 8-May-96
AsOf 7503-030159-13 1,500 15 2-May-96 8-May-96
AsOf 7503-030164-13 3,000 15 2-May-96 8-May-96
AsOf 7503-030165-13 3,000 15 2-May-96 8-May-96
AsOf 7503-030166-13 3,000 15 2-May-96 8-May-96
AsOf 7503-030167-13 3,000 15 2-May-96 8-May-96
AsOf 7503-030169-13 3,000 15 2-May-96 8-May-96
AsOf 7503-030170-13 2,000 15 2-May-96 8-May-96
AsOf 7503-030171-13 3,000 15 2-May-96 8-May-96
AsOf 7503-030172-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030173-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030174-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030175-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030176-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030177-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030178-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030179-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030180-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030181-13 500 15 2-May-96 8-May-96
AsOf 7503-030182-13 500 15 2-May-96 8-May-96
AsOf 7503-030183-13 500 15 2-May-96 8-May-96
AsOf 7503-030184-13 1,000 15 2-May-96 8-May-96
AsOf 7503-030185-13 500 15 2-May-96 8-May-96
AsOf 7503-030186-13 500 15 2-May-96 8-May-96
AsOf 7503-030187-13 500 15 2-May-96 8-May-96
AsOf 7503-030188-13 500 15 2-May-96 8-May-96
AsOf 7503-030282-13 500 15 2-May-96 8-May-96
AsOf 7506-030020-13 10,000 15 2-May-96 8-May-96
AsOf 7506-030021-13 5,000 15 2-May-96 8-May-96
AsOf 7506-030022-13 5,000 15 2-May-96 8-May-96
AsOf 7506-030023-13 1,200 15 2-May-96 8-May-96
AsOf 7506-030024-13 2,100 15 2-May-96 8-May-96
AsOf 7506-030025-13 1,000 15 2-May-96 8-May-96
AsOf 7506-030026-13 400 15 2-May-96 8-May-96
</TABLE>
99
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 7506-030027-13 300 15 2-May-96 8-May-96
AsOf 7506-030028-13 2,480 15 2-May-96 8-May-96
AsOf 7506-030029-13 1,390 15 2-May-96 8-May-96
AsOf 7506-030030-13 1,130 15 2-May-96 8-May-96
AsOf 7506-030031-13 3,000 15 2-May-96 8-May-96
AsOf 7506-030032-13 3,000 15 2-May-96 8-May-96
AsOf 7506-030033-13 3,000 15 2-May-96 8-May-96
AsOf 7506-030034-13 2,000 15 2-May-96 8-May-96
AsOf 7506-030035-13 2,000 15 2-May-96 8-May-96
AsOf 7506-030036-13 2,000 15 2-May-96 8-May-96
AsOf 7506-030037-13 2,000 15 2-May-96 8-May-96
AsOf 7506-030038-13 1,000 15 2-May-96 8-May-96
AsOf 7506-030039-13 500 15 2-May-96 8-May-96
AsOf 7506-030040-13 500 15 2-May-96 8-May-96
AsOf 7506-030041-13 1,300 15 2-May-96 8-May-96
AsOf 7506-030042-13 500 15 2-May-96 8-May-96
AsOf 7506-030043-13 5,000 15 2-May-96 8-May-96
AsOf 7506-030058-13 300 15 2-May-96 8-May-96
AsOf 7506-030059-13 300 15 2-May-96 8-May-96
AsOf 7506-030061-13 200 15 2-May-96 8-May-96
AsOf 7506-030062-13 200 15 2-May-96 8-May-96
AsOf 7506-030064-13 700 15 2-May-96 8-May-96
</TABLE>
100
<PAGE>
EDIFY CORP.
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030781-12 100 15 2-May-96 8-May-96
0503-017408-12 500 34 2/4 3-May-96 8-May-96
0503-017455-12 500 31 3/4 3-May-96 8-May-96
AsOf 0503-030997-12 100 15 2-May-96 8-May-96
0503-017375-12 500 34 1/8 3-May-96 8-May-96
AsOf 0503-030343-12 100 15 2-May-96 8-May-96
AsOf 0503-030482-12 200 15 2-May-96 8-May-96
AsOf 0503-030645-12 500 15 2-May-96 8-May-96
0503-016861-12 500 33 1/4 3-May-96 8-May-96
AsOf 0506-031358-12 200 15 2-May-96 8-May-96
AsOf 0506-030119-12 200 15 2-May-96 8-May-96
AsOf 0503-031873-12 100 15 2-May-96 8-May-96
0503-017420-12 100 33 3-May-96 8-May-96
0503-030383-12 100 15 2-May-96 8-May-96
0503-016745-12 100 31.594 3-May-96 8-May-96
0503-030382-12 100 15 2-May-96 8-May-96
0503-016744-12 100 31.594 3-May-96 8-May-96
0503-030373-12 100 15 2-May-96 8-May-96
0503-016740-12 100 31.594 3-May-96 8-May-96
0503-030381-12 100 15 2-May-96 8-May-96
0503-016743-12 100 31.594 3-May-96 8-May-96
AsOf 0503-031716-12 50 15 2-May-96 8-May-96
AsOf 0503-031556-12 100 15 2-May-96 8-May-96
AsOf 0503-031879-12 200 15 2-May-96 8-May-96
0503-017423-12 200 33 3-May-96 8-May-96
AsOf 0506-030143-12 200 15 2-May-96 8-May-96
0503-017427-12 200 33 3-May-96 8-May-96
AsOf 0503-031874-12 100 15 2-May-96 8-May-96
0503-017421-12 100 33 3-May-96 8-May-96
AsOf 0503-030993-12 100 15 2-May-96 8-May-96
AsOf 0506-030443-12 700 15 2-May-96 8-May-96
AsOf 0503-031558-12 100 15 2-May-96 8-May-96
AsOf 0503-031878-12 100 15 2-May-96 8-May-96
0503-017434-12 100 31 3-May-96 8-May-96
0503-017340-12 500 32 7/8 3-May-96 8-May-96
0503-017413-12 500 34 2/4 3-May-96 8-May-96
0503-017462-12 500 31 3/4 3-May-96 8-May-96
AsOf 0503-030791-12 100 15 2-May-96 8-May-96
0503-017339-12 500 32 7/8 3-May-96 8-May-96
0503-017459-12 500 31 3/4 3-May-96 8-May-96
AsOf 0503-031871-12 100 15 2-May-96 8-May-96
0503-017418-12 100 33 3-May-96 8-May-96
AsOf 0503-030782-12 100 15 2-May-96 8-May-96
AsOf 0503-030879-12 150 15 2-May-96 8-May-96
0503-017411-12 500 34 2/4 3-May-96 8-May-96
</TABLE>
101
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-017460-12 500 31 3/4 3-May-96 8-May-96
AsOf 0503-031561-12 50 15 2-May-96 8-May-96
AsOf 0503-030646-12 500 15 2-May-96 8-May-96
0503-016859-12 500 33 1/4 3-May-96 8-May-96
AsOf 0503-031304-12 100 15 2-May-96 8-May-96
0506-016529-12 100 33 1/4 6-May-96 9-May-96
AsOf 0503-031678-12 1,000 15 2-May-96 8-May-96
AsOf 0503-031693-12 700 15 2-May-96 8-May-96
Corr 0506-999525-12 700 32 2/4 3-May-96 8-May-96
Corr 0506-999528-12 1,000 31 1/4 3-May-96 8-May-96
AsOf 0506-030142-12 200 15 2-May-96 8-May-96
0503-017426-12 200 33 3-May-96 8-May-96
AsOf 0503-031690-12 100 15 2-May-96 8-May-96
0503-017442-12 100 31 1/4 3-May-96 8-May-96
AsOf 0506-030146-12 200 15 2-May-96 8-May-96
0503-017428-12 200 33 3-May-96 8-May-96
AsOf 0503-031562-12 100 15 2-May-96 8-May-96
AsOf 0503-030994-12 100 15 2-May-96 8-May-96
0503-017343-12 500 32 7/8 3-May-96 8-May-96
0503-017374-12 500 34 1/8 3-May-96 8-May-96
0503-017466-12 250 31 3/4 3-May-96 8-May-96
0503-030378-12 200 15 2-May-96 8-May-96
0503-016742-12 200 31.594 3-May-96 8-May-96
AsOf 0503-031622-12 200 15 2-May-96 8-May-96
0503-017311-12 200 32.02 3-May-96 8-May-96
AsOf 0503-031619-12 200 15 2-May-96 8-May-96
0503-017309-12 200 32.02 3-May-96 8-May-96
AsOf 0506-030147-12 200 15 2-May-96 8-May-96
0503-017429-12 200 33 3-May-96 8-May-96
AsOf 0503-031692-12 400 15 2-May-96 8-May-96
0503-017443-12 400 31 1/4 3-May-96 8-May-96
AsOf 0503-030998-12 100 15 2-May-96 8-May-96
0503-017347-12 500 32 7/8 3-May-96 8-May-96
0503-017377-12 500 34 1/8 3-May-96 8-May-96
0503-017469-12 500 31 3/4 3-May-96 8-May-96
AsOf 0503-030991-12 100 15 2-May-96 8-May-96
0503-017414-12 500 34 2/4 3-May-96 8-May-96
0503-017464-12 500 31 3/4 3-May-96 8-May-96
AsOf 0506-030121-12 200 15 2-May-96 8-May-96
0503-017342-12 250 32 7/8 3-May-96 8-May-96
AsOf 0503-030794-12 100 15 2-May-96 8-May-96
0503-017415-12 500 34 2/4 3-May-96 8-May-96
0503-017463-12 500 31 3/4 3-May-96 8-May-96
AsOf 0503-030992-12 100 15 2-May-96 8-May-96
0503-017416-12 500 34 2/4 3-May-96 8-May-96
0503-017465-12 500 31 3/4 3-May-96 8-May-96
AsOf 0503-030568-12 50 15 2-May-96 8-May-96
AsOf 0503-031312-12 460 15 2-May-96 8-May-96
</TABLE>
102
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0506-016528-12 460 33 1/4 6-May-96 9-May-96
AsOf 0503-031620-12 200 15 2-May-96 8-May-96
0503-017308-12 200 32.02 3-May-96 8-May-96
AsOf 0503-030651-12 500 15 2-May-96 8-May-96
0503-016862-12 500 33 1/4 3-May-96 8-May-96
AsOf 0506-031361-12 200 15 2-May-96 8-May-96
0503-017341-12 500 32 7/8 3-May-96 8-May-96
AsOf 0503-030632-12 1,000 15 2-May-96 8-May-96
0503-016866-12 1,000 31.6 3-May-96 8-May-96
AsOf 0503-031565-12 50 15 2-May-96 8-May-96
AsOf 0503-031621-12 200 15 2-May-96 8-May-96
0503-017310-12 200 32.02 3-May-96 8-May-96
0503-030442-12 100 15 2-May-96 8-May-96
AsOf 0503-031568-12 100 15 2-May-96 8-May-96
0503-030446-12 100 15 2-May-96 8-May-96
AsOf 0506-031362-12 200 15 2-May-96 8-May-96
AsOf 0506-030148-12 200 15 2-May-96 8-May-96
0503-017430-12 200 33 3-May-96 8-May-96
AsOf 0503-031696-12 200 15 2-May-96 8-May-96
0503-017446-12 200 31 1/4 3-May-96 8-May-96
AsOf 0503-031877-12 200 15 2-May-96 8-May-96
0503-017433-12 200 31 3-May-96 8-May-96
AsOf 0503-031679-12 2,000 15 2-May-96 8-May-96
AsOf 0503-030719-12 1,000 15 2-May-96 8-May-96
0503-016872-12 1,000 31.6 3-May-96 8-May-96
AsOf 0503-031881-12 200 15 2-May-96 8-May-96
0503-017425-12 200 33 3-May-96 8-May-96
AsOf 0503-030481-12 200 15 2-May-96 8-May-96
AsOf 0503-031569-12 100 15 2-May-96 8-May-96
0503-030376-12 100 15 2-May-96 8-May-96
0503-016741-12 100 31.594 3-May-96 8-May-96
AsOf 0503-030631-12 600 15 2-May-96 8-May-96
0503-016869-12 600 31.6 3-May-96 8-May-96
AsOf 0503-031872-12 200 15 2-May-96 8-May-96
0503-017419-12 200 33 3-May-96 8-May-96
AsOf 0503-030996-12 100 15 2-May-96 8-May-96
0503-017345-12 500 32 7/8 3-May-96 8-May-96
0503-017417-12 500 34 2/4 3-May-96 8-May-96
0503-017467-12 500 31 3/4 3-May-96 8-May-96
0503-030384-12 100 15 2-May-96 8-May-96
0503-016746-12 100 31.594 3-May-96 8-May-96
AsOf 0503-030630-12 600 15 2-May-96 8-May-96
0503-016860-12 600 33 1/4 3-May-96 8-May-96
AsOf 0503-031875-12 200 15 2-May-96 8-May-96
0503-017432-12 200 31 3-May-96 8-May-96
AsOf 0503-031571-12 50 15 2-May-96 8-May-96
AsOf 0503-031578-12 50 15 2-May-96 8-May-96
AsOf 0506-030149-12 200 15 2-May-96 8-May-96
</TABLE>
103
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-017439-12 200 31 3-May-96 8-May-96
AsOf 0503-031714-12 50 15 2-May-96 8-May-96
AsOf 0503-031717-12 100 15 2-May-96 8-May-96
AsOf 0503-031718-12 50 15 2-May-96 8-May-96
AsOf 0503-031719-12 50 15 2-May-96 8-May-96
AsOf 0503-031720-12 50 15 2-May-96 8-May-96
AsOf 0503-031722-12 50 15 2-May-96 8-May-96
AsOf 0503-031876-12 200 15 2-May-96 8-May-96
0503-017422-12 200 33 3-May-96 8-May-96
AsOf 0503-031882-12 200 15 2-May-96 8-May-96
0503-017435-12 200 31 3-May-96 8-May-96
AsOf 0506-030150-12 200 15 2-May-96 8-May-96
0503-017431-12 200 33 3-May-96 8-May-96
AsOf 0506-030120-12 200 15 2-May-96 8-May-96
AsOf 0503-031694-12 100 15 2-May-96 8-May-96
0503-017444-12 100 31 1/4 3-May-96 8-May-96
AsOf 0503-031695-12 100 15 2-May-96 8-May-96
0503-017445-12 100 31 1/4 3-May-96 8-May-96
AsOf 0503-030483-12 200 15 2-May-96 8-May-96
AsOf 0506-030145-12 200 15 2-May-96 8-May-96
0503-017438-12 200 31 3-May-96 8-May-96
0503-280505-12 1,200 32.45 3-May-96 8-May-96
0503-280506-12 1,500 31.95 3-May-96 8-May-96
0506-280468-12 2,000 33 1/4 6-May-96 9-May-96
0506-280469-12 4,800 33 6-May-96 9-May-96
0503-280536-12 6,295 31 5/8 3-May-96 8-May-96
0503-280537-12 3,425 32 3/4 3-May-96 8-May-96
0503-280538-12 2,740 34 3-May-96 8-May-96
0503-280539-12 2,740 34 3/8 3-May-96 8-May-96
0503-016747-12 700 31 2/4 3-May-96 8-May-96
0503-016748-12 100 32 1/4 3-May-96 8-May-96
0503-030360-12 300 15 2-May-96 8-May-96
0503-100312-12 300 33 1/8 3-May-96 8-May-96
AsOf 0506-030800-12 250 15 2-May-96 8-May-96
0503-030361-12 300 15 2-May-96 8-May-96
0503-100313-12 300 33 1/8 3-May-96 8-May-96
0503-030363-12 225 15 2-May-96 8-May-96
0503-100315-12 225 33 1/8 3-May-96 8-May-96
0503-030368-12 175 15 2-May-96 8-May-96
0503-100320-12 175 33 1/8 3-May-96 8-May-96
AsOf 0503-031471-12 200 15 2-May-96 8-May-96
0506-100705-12 250 32 1/4 6-May-96 9-May-96
AsOf 0506-030798-12 350 15 2-May-96 8-May-96
AsOf 0506-031113-12 400 15 2-May-96 8-May-96
AsOf 0503-031415-12 200 15 2-May-96 8-May-96
0506-100706-12 250 32 1/4 6-May-96 9-May-96
AsOf 0503-031406-12 200 15 2-May-96 8-May-96
0506-100707-12 500 32 1/4 6-May-96 9-May-96
</TABLE>
104
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-030795-12 200 15 2-May-96 8-May-96
AsOf 0506-030793-12 250 15 2-May-96 8-May-96
0503-030364-12 175 15 2-May-96 8-May-96
0503-100316-12 175 33 1/8 3-May-96 8-May-96
AsOf 0506-030794-12 250 15 2-May-96 8-May-96
AsOf 0503-031404-12 300 15 2-May-96 8-May-96
0506-100709-12 500 32 1/4 6-May-96 9-May-96
AsOf 0506-030803-12 250 15 2-May-96 8-May-96
AsOf 0503-031408-12 400 15 2-May-96 8-May-96
0506-100710-12 500 32 1/4 6-May-96 9-May-96
AsOf 0503-031414-12 200 15 2-May-96 8-May-96
0506-100712-12 250 32 1/4 6-May-96 9-May-96
AsOf 0503-031409-12 200 15 2-May-96 8-May-96
0506-100713-12 250 32 1/4 6-May-96 9-May-96
AsOf 0503-031413-12 200 15 2-May-96 8-May-96
AsOf 0506-030824-12 200 15 2-May-96 8-May-96
AsOf 0503-030836-12 200 15 2-May-96 8-May-96
0503-120094-12 200 33 2/4 3-May-96 8-May-96
0503-120184-12 1,000 32.806 3-May-96 8-May-96
AsOf 0503-030227-12 100 15 2-May-96 8-May-96
AsOf 0503-030840-12 200 15 2-May-96 8-May-96
0503-120186-12 1,500 32.806 3-May-96 8-May-96
AsOf 0503-031536-12 100 15 2-May-96 8-May-96
0503-120187-12 1,500 32.806 3-May-96 8-May-96
0503-120183-12 1,500 32.806 3-May-96 8-May-96
AsOf 0503-030224-12 1,000 15 2-May-96 8-May-96
0503-120111-12 1,000 31 1/4 3-May-96 8-May-96
AsOf 0503-030838-12 200 15 2-May-96 8-May-96
AsOf 0503-030225-12 400 15 2-May-96 8-May-96
0503-120112-12 400 31 1/4 3-May-96 8-May-96
0503-120182-12 500 32.806 3-May-96 8-May-96
AsOf 0503-030839-12 200 15 2-May-96 8-May-96
0503-120188-12 500 32.806 3-May-96 8-May-96
AsOf 0503-031539-12 200 15 2-May-96 8-May-96
0503-120185-12 1,500 32.806 3-May-96 8-May-96
AsOf 0503-030841-12 200 15 2-May-96 8-May-96
AsOf 0503-030756-12 600 15 2-May-96 8-May-96
0503-120087-12 600 30 7/8 3-May-96 8-May-96
AsOf 0503-030757-12 325 15 2-May-96 8-May-96
0503-120088-12 325 30 7/8 3-May-96 8-May-96
AsOf 0503-030758-12 325 15 2-May-96 8-May-96
0503-120089-12 325 30 7/8 3-May-96 8-May-96
AsOf 0503-030759-12 325 15 2-May-96 8-May-96
0503-120090-12 325 30 7/8 3-May-96 8-May-96
AsOf 0503-031537-12 200 15 2-May-96 8-May-96
0503-120181-12 1,500 32.806 3-May-96 8-May-96
AsOf 0503-031535-12 200 15 2-May-96 8-May-96
0503-120180-12 500 32.806 3-May-96 8-May-96
</TABLE>
105
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030760-12 325 15 2-May-96 8-May-96
0503-120091-12 325 30 7/8 3-May-96 8-May-96
AsOf 0503-030761-12 200 15 2-May-96 8-May-96
AsOf 0503-031111-12 500 15 2-May-96 8-May-96
0503-140475-12 500 31.8 3-May-96 8-May-96
AsOf 0506-030088-12 250 15 2-May-96 8-May-96
0503-140590-12 250 33 1/4 3-May-96 8-May-96
AsOf 0506-030087-12 750 15 2-May-96 8-May-96
0503-140591-12 750 33 2/4 3-May-96 8-May-96
AsOf 0503-031110-12 1,000 15 2-May-96 8-May-96
0503-140474-12 1,000 31.8 3-May-96 8-May-96
AsOf 0503-031518-12 200 15 2-May-96 8-May-96
AsOf 0506-140660-12 350 32.681 3-May-96 8-May-96
AsOf 0506-140661-12 250 32.681 3-May-96 8-May-96
AsOf 0506-140662-12 200 32.681 3-May-96 8-May-96
AsOf 0506-140663-12 200 32.681 3-May-96 8-May-96
AsOf 0503-031115-12 500 15 2-May-96 8-May-96
0503-140479-12 500 31.8 3-May-96 8-May-96
AsOf 0503-031424-12 200 15 2-May-96 8-May-96
0506-140504-12 200 33 2/4 6-May-96 9-May-96
AsOf 0506-030085-12 175 15 2-May-96 8-May-96
Corr 0506-998579-12 175 33.2 3-May-96 8-May-96
AsOf 0503-031421-12 200 15 2-May-96 8-May-96
AsOf 0503-031419-12 300 15 2-May-96 8-May-96
AsOf 0503-031371-12 500 15 2-May-96 8-May-96
AsOf 0503-031427-12 100 15 2-May-96 8-May-96
AsOf 0506-030084-12 175 15 2-May-96 8-May-96
Corr 0506-998575-12 175 33.2 3-May-96 8-May-96
AsOf 0503-031114-12 750 15 2-May-96 8-May-96
0503-140478-12 750 31.8 3-May-96 8-May-96
AsOf 0506-030086-12 175 15 2-May-96 8-May-96
Corr 0506-998574-12 175 33.2 3-May-96 8-May-96
AsOf 0503-031113-12 750 15 2-May-96 8-May-96
0503-140477-12 750 31.8 3-May-96 8-May-96
AsOf 0503-031517-12 200 15 2-May-96 8-May-96
AsOf 0506-140655-12 350 32.681 3-May-96 8-May-96
AsOf 0506-140656-12 250 32.681 3-May-96 8-May-96
AsOf 0506-140657-12 200 32.681 3-May-96 8-May-96
AsOf 0506-140658-12 200 32.681 3-May-96 8-May-96
AsOf 0503-031426-12 200 15 2-May-96 8-May-96
AsOf 0503-031428-12 300 15 2-May-96 8-May-96
0506-140551-12 300 33 6-May-96 9-May-96
AsOf 0503-031433-12 1,000 15 2-May-96 8-May-96
AsOf 0503-031430-12 100 15 2-May-96 8-May-96
AsOf 0503-031516-12 200 15 2-May-96 8-May-96
AsOf 0506-140634-12 350 32.681 3-May-96 8-May-96
AsOf 0506-140635-12 250 32.681 3-May-96 8-May-96
AsOf 0506-140636-12 200 32.681 3-May-96 8-May-96
</TABLE>
106
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-140637-12 200 32.681 3-May-96 8-May-96
AsOf 0503-031425-12 500 15 2-May-96 8-May-96
0503-140472-12 500 31 1/4 3-May-96 8-May-96
AsOf 0506-030091-12 400 15 2-May-96 8-May-96
0503-140592-12 400 33 1/4 3-May-96 8-May-96
AsOf 0503-031429-12 100 15 2-May-96 8-May-96
AsOf 0503-031112-12 500 15 2-May-96 8-May-96
0503-140476-12 500 31.8 3-May-96 8-May-96
AsOf 0503-031181-12 300 15 2-May-96 8-May-96
0503-200400-12 150 32 2/4 3-May-96 8-May-96
0503-200407-12 150 30 3/4 3-May-96 8-May-96
0503-030369-12 300 15 2-May-96 8-May-96
0503-200308-12 300 33 1/8 3-May-96 8-May-96
Corr 0506-999377-12 300 15 2-May-96 8-May-96
0503-200399-12 150 32 2/4 3-May-96 8-May-96
0503-200408-12 150 30 3/4 3-May-96 8-May-96
AsOf 0503-031192-12 300 15 2-May-96 8-May-96
0503-200404-12 150 32 2/4 3-May-96 8-May-96
0503-200412-12 150 30 3/4 3-May-96 8-May-96
0503-030370-12 500 15 2-May-96 8-May-96
0503-200309-12 500 33 1/8 3-May-96 8-May-96
AsOf 0503-031580-12 400 15 2-May-96 8-May-96
AsOf 0503-031262-12 200 15 2-May-96 8-May-96
0503-200406-12 100 32 2/4 3-May-96 8-May-96
0503-200414-12 100 30 3/4 3-May-96 8-May-96
Corr 0506-999379-12 300 15 2-May-96 8-May-96
0503-200482-12 300 31 3-May-96 8-May-96
AsOf 0503-030852-12 200 15 2-May-96 8-May-96
0506-200267-12 200 33 6-May-96 9-May-96
AsOf 0503-031360-12 200 15 2-May-96 8-May-96
AsOf 0503-031361-12 200 15 2-May-96 8-May-96
AsOf 0503-031362-12 200 15 2-May-96 8-May-96
0503-030372-12 500 15 2-May-96 8-May-96
0503-200311-12 500 33 1/8 3-May-96 8-May-96
0503-030371-12 500 15 2-May-96 8-May-96
0503-200310-12 500 33 1/8 3-May-96 8-May-96
Corr 0506-999378-12 300 15 2-May-96 8-May-96
0503-200436-12 300 31 3-May-96 8-May-96
AsOf 0503-031186-12 300 15 2-May-96 8-May-96
0503-200401-12 150 32 2/4 3-May-96 8-May-96
0503-200409-12 150 30 3/4 3-May-96 8-May-96
AsOf 0503-030850-12 300 15 2-May-96 8-May-96
0506-200268-12 300 33 6-May-96 9-May-96
Corr 0506-999374-12 300 15 2-May-96 8-May-96
0503-200439-12 300 31 3-May-96 8-May-96
AsOf 0503-031573-12 200 15 2-May-96 8-May-96
AsOf 0503-031283-12 500 15 2-May-96 8-May-96
0503-200398-12 250 32 2/4 3-May-96 8-May-96
</TABLE>
107
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-200415-12 250 30 3/4 3-May-96 8-May-96
AsOf 0503-030713-12 1,000 15 2-May-96 8-May-96
AsOf 0503-031765-12 100 15 2-May-96 8-May-96
AsOf 0503-031581-12 400 15 2-May-96 8-May-96
AsOf 0503-031579-12 200 15 2-May-96 8-May-96
AsOf 0506-030010-12 300 15 2-May-96 8-May-96
AsOf 0506-031401-12 300 15 2-May-96 8-May-96
0503-200403-12 150 32 2/4 3-May-96 8-May-96
0503-200411-12 150 30 3/4 3-May-96 8-May-96
AsOf 0503-031189-12 300 15 2-May-96 8-May-96
0503-200402-12 150 32 2/4 3-May-96 8-May-96
0503-200410-12 150 30 3/4 3-May-96 8-May-96
AsOf 0503-031260-12 300 15 2-May-96 8-May-96
0503-200405-12 150 32 2/4 3-May-96 8-May-96
0503-200413-12 150 30 3/4 3-May-96 8-May-96
AsOf 0503-031291-12 650 15 2-May-96 8-May-96
0506-260891-12 650 32.977 6-May-96 9-May-96
AsOf 0503-030961-12 200 15 2-May-96 8-May-96
AsOf 0503-031292-12 650 15 2-May-96 8-May-96
0506-260892-12 650 32.977 6-May-96 9-May-96
AsOf 0503-031729-12 200 15 2-May-96 8-May-96
AsOf 0503-031432-12 1,000 15 2-May-96 8-May-96
0506-260627-12 1,000 33 6-May-96 9-May-96
AsOf 0503-031726-12 200 15 2-May-96 8-May-96
AsOf 0503-030978-12 100 15 2-May-96 8-May-96
AsOf 0503-031321-12 1,200 15 2-May-96 8-May-96
0506-260894-12 1,200 32.977 6-May-96 9-May-96
AsOf 0506-031066-12 700 15 2-May-96 8-May-96
AsOf 0506-260692-12 700 32 3/4 3-May-96 8-May-96
AsOf 0503-031610-12 600 15 2-May-96 8-May-96
0506-260893-12 600 32.977 6-May-96 9-May-96
AsOf 0503-031285-12 1,100 15 2-May-96 8-May-96
AsOf 0503-031759-12 1,000 15 2-May-96 8-May-96
AsOf 0503-030984-12 100 15 2-May-96 8-May-96
AsOf 0503-031608-12 500 15 2-May-96 8-May-96
0503-030377-12 200 15 2-May-96 8-May-96
0503-260574-12 200 32 3-May-96 8-May-96
AsOf 0503-031365-12 1,000 15 2-May-96 8-May-96
0506-260613-12 1,000 32 6-May-96 9-May-96
AsOf 0503-031768-12 1,000 15 2-May-96 8-May-96
AsOf 0503-031293-12 700 15 2-May-96 8-May-96
0506-260883-12 700 32.977 6-May-96 9-May-96
AsOf 0503-031614-12 500 15 2-May-96 8-May-96
0506-260882-12 500 32.977 6-May-96 9-May-96
AsOf 0503-031169-12 750 15 2-May-96 8-May-96
0503-030413-12 200 15 2-May-96 8-May-96
AsOf 0503-031197-12 800 15 2-May-96 8-May-96
0506-260884-12 800 32.977 6-May-96 9-May-96
</TABLE>
108
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031735-12 100 15 2-May-96 8-May-96
AsOf 0503-031737-12 1,000 15 2-May-96 8-May-96
AsOf 0503-031332-12 2,000 15 2-May-96 8-May-96
0506-260559-12 2,000 33.15 6-May-96 9-May-96
AsOf 0503-031767-12 1,000 15 2-May-96 8-May-96
0503-030415-12 200 15 2-May-96 8-May-96
AsOf 0503-031322-12 800 15 2-May-96 8-May-96
0506-260885-12 800 32.977 6-May-96 9-May-96
AsOf 0503-031752-12 250 15 2-May-96 8-May-96
AsOf 0503-031724-12 200 15 2-May-96 8-May-96
AsOf 0503-031613-12 400 15 2-May-96 8-May-96
AsOf 0506-031367-12 1,400 15 2-May-96 8-May-96
AsOf 0506-260745-12 1,400 32 3-May-96 8-May-96
AsOf 0503-031157-12 1,000 15 2-May-96 8-May-96
0506-260886-12 1,000 32.977 6-May-96 9-May-96
AsOf 0503-031092-12 1,000 15 2-May-96 8-May-96
0506-260615-12 1,000 32 6-May-96 9-May-96
AsOf 0503-031299-12 1,000 15 2-May-96 8-May-96
0506-260557-12 1,000 33.17 6-May-96 9-May-96
AsOf 0503-030983-12 100 15 2-May-96 8-May-96
0503-030414-12 200 15 2-May-96 8-May-96
AsOf 0503-030843-12 1,000 15 2-May-96 8-May-96
AsOf 0503-031220-12 1,000 15 2-May-96 8-May-96
0506-260895-12 1,000 32.977 6-May-96 9-May-96
AsOf 0503-031615-12 200 15 2-May-96 8-May-96
AsOf 0503-031224-12 100 15 2-May-96 8-May-96
AsOf 0503-031612-12 600 15 2-May-96 8-May-96
0506-260887-12 600 32.977 6-May-96 9-May-96
AsOf 0503-031764-12 1,000 15 2-May-96 8-May-96
0503-030412-12 200 15 2-May-96 8-May-96
AsOf 0506-260503-12 200 33 2/4 3-May-96 8-May-96
AsOf 0503-031778-12 300 15 2-May-96 8-May-96
AsOf 0503-031247-12 1,500 15 2-May-96 8-May-96
0506-260888-12 1,500 32.977 6-May-96 9-May-96
AsOf 0503-031725-12 200 15 2-May-96 8-May-96
AsOf 0503-031727-12 200 15 2-May-96 8-May-96
AsOf 0503-031728-12 100 15 2-May-96 8-May-96
AsOf 0503-031364-12 200 15 2-May-96 8-May-96
0506-260612-12 200 32 6-May-96 9-May-96
AsOf 0503-031611-12 600 15 2-May-96 8-May-96
0506-260889-12 600 32.977 6-May-96 9-May-96
AsOf 0503-031196-12 500 15 2-May-96 8-May-96
0503-260710-12 1,750 31 3/8 3-May-96 8-May-96
0503-260711-12 1,250 32 2/4 3-May-96 8-May-96
0503-260712-12 1,000 33 3/4 3-May-96 8-May-96
0503-260713-12 1,000 34 1/8 3-May-96 8-May-96
AsOf 0506-031509-12 100 15 2-May-96 8-May-96
AsOf 0506-260869-12 100 33 3/4 3-May-96 8-May-96
</TABLE>
109
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031168-12 750 15 2-May-96 8-May-96
0503-030417-12 200 15 2-May-96 8-May-96
AsOf 0506-260502-12 200 33 2/4 3-May-96 8-May-96
AsOf 0503-031366-12 1,000 15 2-May-96 8-May-96
0506-260614-12 1,000 32 6-May-96 9-May-96
AsOf 0503-031730-12 200 15 2-May-96 8-May-96
AsOf 0506-031352-12 100 15 2-May-96 8-May-96
0503-271078-12 100 32 5/8 3-May-96 8-May-96
0503-270946-12 200 32 1/4 3-May-96 8-May-96
AsOf 0506-031313-12 500 15 2-May-96 8-May-96
0503-271090-12 500 32 5/8 3-May-96 8-May-96
AsOf 0506-031156-12 300 15 2-May-96 8-May-96
0503-271096-12 300 32 5/8 3-May-96 8-May-96
AsOf 0506-031403-12 200 15 2-May-96 8-May-96
AsOf 0506-031428-12 200 15 2-May-96 8-May-96
0503-270892-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031138-12 300 15 2-May-96 8-May-96
0503-271072-12 300 32 5/8 3-May-96 8-May-96
AsOf 0506-031381-12 200 15 2-May-96 8-May-96
0503-270895-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031377-12 300 15 2-May-96 8-May-96
0503-270865-12 300 33 1/4 3-May-96 8-May-96
AsOf 0506-031382-12 500 15 2-May-96 8-May-96
0503-270869-12 500 33 1/4 3-May-96 8-May-96
AsOf 0503-030520-12 300 15 2-May-96 8-May-96
AsOf 0506-031486-12 200 15 2-May-96 8-May-96
0506-270769-12 200 32 6-May-96 9-May-96
0503-270947-12 50 32 1/4 3-May-96 8-May-96
AsOf 0506-031489-12 100 15 2-May-96 8-May-96
0506-270772-12 100 32 6-May-96 9-May-96
AsOf 0506-031314-12 200 15 2-May-96 8-May-96
0503-271091-12 200 32 5/8 3-May-96 8-May-96
AsOf 0506-031422-12 200 15 2-May-96 8-May-96
0503-270885-12 200 33 1/4 3-May-96 8-May-96
0503-270944-12 300 32 1/4 3-May-96 8-May-96
AsOf 0506-031430-12 200 15 2-May-96 8-May-96
0503-270877-12 200 33 1/4 3-May-96 8-May-96
AsOf 0503-031702-12 300 15 2-May-96 8-May-96
0506-270935-12 300 31.1 6-May-96 9-May-96
AsOf 0506-031155-12 700 15 2-May-96 8-May-96
0503-271095-12 700 32 5/8 3-May-96 8-May-96
AsOf 0506-031375-12 300 15 2-May-96 8-May-96
0503-270875-12 300 33 1/4 3-May-96 8-May-96
AsOf 0506-031316-12 300 15 2-May-96 8-May-96
0503-271093-12 400 32 5/8 3-May-96 8-May-96
AsOf 0506-031315-12 400 15 2-May-96 8-May-96
0503-271080-12 300 32 5/8 3-May-96 8-May-96
AsOf 0506-031351-12 500 15 2-May-96 8-May-96
</TABLE>
110
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-271086-12 500 32 5/8 3-May-96 8-May-96
AsOf 0506-031149-12 100 15 2-May-96 8-May-96
0503-271074-12 100 32 5/8 3-May-96 8-May-96
AsOf 0506-031427-12 100 15 2-May-96 8-May-96
0503-270891-12 100 33 1/4 3-May-96 8-May-96
AsOf 0506-031152-12 400 15 2-May-96 8-May-96
0503-271066-12 400 32.69 3-May-96 8-May-96
AsOf 0506-031311-12 100 15 2-May-96 8-May-96
0503-271089-12 100 32 5/8 3-May-96 8-May-96
AsOf 0506-031379-12 100 15 2-May-96 8-May-96
0503-270863-12 100 33 3/4 3-May-96 8-May-96
AsOf 0506-031353-12 300 15 2-May-96 8-May-96
0503-271079-12 300 32 5/8 3-May-96 8-May-96
AsOf 0506-031405-12 200 15 2-May-96 8-May-96
AsOf 0506-031406-12 200 15 2-May-96 8-May-96
AsOf 0506-030787-12 100 15 2-May-96 8-May-96
0503-270931-12 100 33.9 3-May-96 8-May-96
AsOf 0506-031435-12 200 15 2-May-96 8-May-96
0503-270882-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031408-12 200 15 2-May-96 8-May-96
0503-270938-12 250 32 1/4 3-May-96 8-May-96
AsOf 0506-031429-12 200 15 2-May-96 8-May-96
Corr 0506-999451-12 200 33 1/4 3-May-96 8-May-96
AsOf 0503-031493-12 100 15 2-May-96 8-May-96
0503-270819-12 100 33 1/4 3-May-96 8-May-96
AsOf 0503-031550-12 200 15 2-May-96 8-May-96
0503-270810-12 200 32 3-May-96 8-May-96
AsOf 0506-031380-12 200 15 2-May-96 8-May-96
0503-270894-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031319-12 700 15 2-May-96 8-May-96
Corr 0506-999450-12 700 32.69 3-May-96 8-May-96
AsOf 0506-031425-12 300 15 2-May-96 8-May-96
0503-270890-12 300 33 1/4 3-May-96 8-May-96
AsOf 0506-031416-12 200 15 2-May-96 8-May-96
AsOf 0506-031157-12 200 15 2-May-96 8-May-96
0503-271098-12 200 32 5/8 3-May-96 8-May-96
AsOf 0503-031701-12 250 15 2-May-96 8-May-96
0506-270934-12 250 31.1 6-May-96 9-May-96
AsOf 0506-030806-12 100 15 2-May-96 8-May-96
0503-270930-12 100 33.9 3-May-96 8-May-96
AsOf 0506-031434-12 200 15 2-May-96 8-May-96
0503-270881-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031432-12 200 15 2-May-96 8-May-96
0503-270879-12 200 33 1/4 3-May-96 8-May-96
0503-270943-12 200 32 1/4 3-May-96 8-May-96
AsOf 0506-031376-12 200 15 2-May-96 8-May-96
0503-270864-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031137-12 300 15 2-May-96 8-May-96
</TABLE>
111
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-271071-12 300 32 5/8 3-May-96 8-May-96
AsOf 0506-031150-12 100 15 2-May-96 8-May-96
0503-271075-12 200 32 5/8 3-May-96 8-May-96
AsOf 0506-031404-12 200 15 2-May-96 8-May-96
0503-270941-12 200 32 1/4 3-May-96 8-May-96
AsOf 0506-031350-12 200 15 2-May-96 8-May-96
0503-271085-12 200 32 5/8 3-May-96 8-May-96
AsOf 0506-031306-12 200 15 2-May-96 8-May-96
0503-271004-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-030788-12 100 15 2-May-96 8-May-96
0503-270932-12 100 33.9 3-May-96 8-May-96
AsOf 0506-031349-12 200 15 2-May-96 8-May-96
0503-271084-12 200 32 5/8 3-May-96 8-May-96
AsOf 0506-031407-12 200 15 2-May-96 8-May-96
AsOf 0506-031312-12 700 15 2-May-96 8-May-96
0503-271067-12 700 32.69 3-May-96 8-May-96
AsOf 0506-031426-12 200 15 2-May-96 8-May-96
0503-270889-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031431-12 500 15 2-May-96 8-May-96
0503-270878-12 500 33 1/4 3-May-96 8-May-96
AsOf 0506-031383-12 300 15 2-May-96 8-May-96
0503-270870-12 300 33 1/4 3-May-96 8-May-96
AsOf 0506-030307-12 700 15 2-May-96 8-May-96
AsOf 0506-270534-12 700 32 5/8 3-May-96 8-May-96
AsOf 0506-031469-12 200 15 2-May-96 8-May-96
AsOf 0506-031409-12 200 15 2-May-96 8-May-96
AsOf 0506-031412-12 200 15 2-May-96 8-May-96
AsOf 0506-031153-12 100 15 2-May-96 8-May-96
0503-271077-12 100 32 5/8 3-May-96 8-May-96
0503-270940-12 200 32 1/4 3-May-96 8-May-96
AsOf 0506-031413-12 200 15 2-May-96 8-May-96
AsOf 0506-031411-12 200 15 2-May-96 8-May-96
AsOf 0506-031415-12 200 15 2-May-96 8-May-96
0503-270942-12 200 32 1/4 3-May-96 8-May-96
AsOf 0503-031699-12 250 15 2-May-96 8-May-96
AsOf 0506-031151-12 200 15 2-May-96 8-May-96
0503-271076-12 200 32 5/8 3-May-96 8-May-96
AsOf 0506-030791-12 100 15 2-May-96 8-May-96
0503-270933-12 100 33.9 3-May-96 8-May-96
AsOf 0506-030785-12 100 15 2-May-96 8-May-96
0503-270929-12 100 33.9 3-May-96 8-May-96
AsOf 0506-031310-12 200 15 2-May-96 8-May-96
0503-271088-12 200 32 5/8 3-May-96 8-May-96
AsOf 0506-031456-12 300 15 2-May-96 8-May-96
AsOf 0506-031423-12 200 15 2-May-96 8-May-96
0503-270886-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031410-12 300 15 2-May-96 8-May-96
AsOf 0506-031457-12 300 15 2-May-96 8-May-96
</TABLE>
112
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0506-031487-12 100 15 2-May-96 8-May-96
0506-270770-12 100 32 6-May-96 9-May-96
AsOf 0506-031424-12 300 15 2-May-96 8-May-96
0503-270887-12 300 33 1/4 3-May-96 8-May-96
AsOf 0506-031354-12 200 15 2-May-96 8-May-96
0503-271069-12 200 32.69 3-May-96 8-May-96
AsOf 0506-031154-12 100 15 2-May-96 8-May-96
0503-271094-12 100 32 5/8 3-May-96 8-May-96
AsOf 0506-031159-12 200 15 2-May-96 8-May-96
0503-271099-12 200 32 5/8 3-May-96 8-May-96
AsOf 0506-031215-12 200 15 2-May-96 8-May-96
0503-271097-12 200 32 5/8 3-May-96 8-May-96
AsOf 0506-030789-12 100 15 2-May-96 8-May-96
0503-270934-12 100 33.9 3-May-96 8-May-96
AsOf 0506-031148-12 400 15 2-May-96 8-May-96
0503-271073-12 400 32 5/8 3-May-96 8-May-96
AsOf 0506-030784-12 100 15 2-May-96 8-May-96
0503-270936-12 100 33.9 3-May-96 8-May-96
AsOf 0506-031488-12 100 15 2-May-96 8-May-96
0506-270771-12 100 32 6-May-96 9-May-96
AsOf 0506-031490-12 200 15 2-May-96 8-May-96
0503-270883-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031308-12 100 15 2-May-96 8-May-96
0503-271100-12 100 32 5/8 3-May-96 8-May-96
AsOf 0506-031491-12 200 15 2-May-96 8-May-96
0503-270884-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031433-12 200 15 2-May-96 8-May-96
0503-270880-12 200 33 1/4 3-May-96 8-May-96
AsOf 0506-031158-12 800 15 2-May-96 8-May-96
0503-271092-12 800 32 5/8 3-May-96 8-May-96
AsOf 0506-031309-12 500 15 2-May-96 8-May-96
0503-271087-12 500 32 5/8 3-May-96 8-May-96
0503-270939-12 200 32 1/4 3-May-96 8-May-96
AsOf 0506-031378-12 300 15 2-May-96 8-May-96
0503-270873-12 300 33 1/4 3-May-96 8-May-96
AsOf 0506-031317-12 100 15 2-May-96 8-May-96
0503-271081-12 100 32 5/8 3-May-96 8-May-96
AsOf 0506-031318-12 100 15 2-May-96 8-May-96
0503-271082-12 100 32 5/8 3-May-96 8-May-96
AsOf 0506-031320-12 100 15 2-May-96 8-May-96
0503-271083-12 100 32 5/8 3-May-96 8-May-96
AsOf 0506-031384-12 500 15 2-May-96 8-May-96
0503-270871-12 500 33 1/4 3-May-96 8-May-96
AsOf 0506-031385-12 300 15 2-May-96 8-May-96
0503-270872-12 300 33 1/4 3-May-96 8-May-96
AsOf 0506-031386-12 500 15 2-May-96 8-May-96
0503-270874-12 500 33 1/4 3-May-96 8-May-96
AsOf 0503-031477-12 100 15 2-May-96 8-May-96
</TABLE>
113
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0506-280481-12 100 32 6-May-96 9-May-96
AsOf 0503-031747-12 500 15 2-May-96 8-May-96
0506-280464-12 500 33.0735 6-May-96 9-May-96
AsOf 0503-031749-12 500 15 2-May-96 8-May-96
0506-280465-12 500 33.0735 6-May-96 9-May-96
AsOf 0506-030018-12 500 15 2-May-96 8-May-96
0503-280502-12 500 32.172 3-May-96 8-May-96
0503-280525-12 3,800 32.8023 3-May-96 8-May-96
AsOf 0503-031746-12 500 15 2-May-96 8-May-96
0503-280504-12 500 32.172 3-May-96 8-May-96
AsOf 0503-031739-12 1,000 15 2-May-96 8-May-96
0506-280466-12 1,000 33.0735 6-May-96 9-May-96
0503-280530-12 2,000 32.8023 3-May-96 8-May-96
AsOf 0503-031750-12 500 15 2-May-96 8-May-96
0506-280467-12 500 33.0735 6-May-96 9-May-96
AsOf 0503-031441-12 100 15 2-May-96 8-May-96
0503-280527-12 1,000 32.8023 3-May-96 8-May-96
AsOf 0503-031480-12 300 15 2-May-96 8-May-96
AsOf 0503-031487-12 250 15 2-May-96 8-May-96
0503-280520-12 500 32.8023 3-May-96 8-May-96
0503-280534-12 800 32.8023 3-May-96 8-May-96
0503-280535-12 800 32.8023 3-May-96 8-May-96
AsOf 0503-031442-12 200 15 2-May-96 8-May-96
0503-280528-12 650 32.8023 3-May-96 8-May-96
0503-280533-12 300 32.8023 3-May-96 8-May-96
0503-280523-12 700 32.8023 3-May-96 8-May-96
AsOf 0503-031661-12 400 15 2-May-96 8-May-96
AsOf 0503-031599-12 200 15 2-May-96 8-May-96
AsOf 0503-031663-12 400 15 2-May-96 8-May-96
AsOf 0503-031438-12 200 15 2-May-96 8-May-96
0503-280531-12 800 32.8023 3-May-96 8-May-96
AsOf 0503-031445-12 200 15 2-May-96 8-May-96
0503-280529-12 500 32.8023 3-May-96 8-May-96
0503-280532-12 400 32.8023 3-May-96 8-May-96
0503-280522-12 650 32.8023 3-May-96 8-May-96
AsOf 0503-031488-12 250 15 2-May-96 8-May-96
AsOf 0503-031486-12 600 15 2-May-96 8-May-96
0503-280446-12 600 33 2/4 3-May-96 8-May-96
AsOf 0503-031662-12 400 15 2-May-96 8-May-96
AsOf 0503-031440-12 200 15 2-May-96 8-May-96
0503-280526-12 500 32.8023 3-May-96 8-May-96
AsOf 0503-031744-12 1,000 15 2-May-96 8-May-96
0503-280501-12 1,000 32.172 3-May-96 8-May-96
AsOf 0503-031482-12 300 15 2-May-96 8-May-96
AsOf 0503-031751-12 1,000 15 2-May-96 8-May-96
0506-280459-12 1,000 33.0735 6-May-96 9-May-96
AsOf 0503-031779-12 500 15 2-May-96 8-May-96
0506-280460-12 500 33.0735 6-May-96 9-May-96
</TABLE>
114
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-031740-12 500 15 2-May-96 8-May-96
0506-280461-12 500 33.0735 6-May-96 9-May-96
AsOf 0503-031741-12 800 15 2-May-96 8-May-96
0506-280462-12 800 33.0735 6-May-96 9-May-96
AsOf 0503-031742-12 1,000 15 2-May-96 8-May-96
0506-280463-12 1,000 33.0735 6-May-96 9-May-96
AsOf 0503-031600-12 200 15 2-May-96 8-May-96
AsOf 0503-031601-12 500 15 2-May-96 8-May-96
AsOf 0503-031656-12 400 15 2-May-96 8-May-96
AsOf 0503-031658-12 800 15 2-May-96 8-May-96
AsOf 0503-031659-12 500 15 2-May-96 8-May-96
AsOf 0503-031655-12 200 15 2-May-96 8-May-96
AsOf 0503-031660-12 400 15 2-May-96 8-May-96
AsOf 0503-031743-12 700 15 2-May-96 8-May-96
0503-280503-12 700 32.172 3-May-96 8-May-96
AsOf 0503-031745-12 500 15 2-May-96 8-May-96
0506-280458-12 500 33.0735 6-May-96 9-May-96
AsOf 0503-031011-12 200 15 2-May-96 8-May-96
AsOf 0503-031007-12 200 15 2-May-96 8-May-96
AsOf 0503-031140-12 350 15 2-May-96 8-May-96
AsOf 0503-031008-12 100 15 2-May-96 8-May-96
AsOf 0503-031005-12 100 15 2-May-96 8-May-96
AsOf 0503-031142-12 200 15 2-May-96 8-May-96
AsOf 0506-030499-12 100 15 2-May-96 8-May-96
0506-290466-12 100 33 2/4 6-May-96 9-May-96
AsOf 0506-030544-12 850 15 2-May-96 8-May-96
AsOf 0506-030543-12 850 15 2-May-96 8-May-96
AsOf 0503-031212-12 50 15 2-May-96 8-May-96
AsOf 0503-031209-12 200 15 2-May-96 8-May-96
AsOf 0503-031208-12 200 15 2-May-96 8-May-96
AsOf 0503-030926-12 75 15 2-May-96 8-May-96
0503-300805-12 75 31 2/4 3-May-96 8-May-96
AsOf 0503-031199-12 200 15 2-May-96 8-May-96
0503-300797-12 200 31 1/4 3-May-96 8-May-96
AsOf 0503-030939-12 75 15 2-May-96 8-May-96
0503-300809-12 75 31 2/4 3-May-96 8-May-96
AsOf 0503-030952-12 200 15 2-May-96 8-May-96
AsOf 0503-030927-12 75 15 2-May-96 8-May-96
0503-300806-12 75 31 2/4 3-May-96 8-May-96
AsOf 0503-030946-12 100 15 2-May-96 8-May-96
AsOf 0503-031175-12 200 15 2-May-96 8-May-96
0503-300801-12 200 31 1/4 3-May-96 8-May-96
AsOf 0503-030954-12 200 15 2-May-96 8-May-96
AsOf 0503-030933-12 75 15 2-May-96 8-May-96
0503-300808-12 75 31 2/4 3-May-96 8-May-96
AsOf 0503-030950-12 200 15 2-May-96 8-May-96
AsOf 0503-030951-12 200 15 2-May-96 8-May-96
0503-300922-12 1,000 33.708 3-May-96 8-May-96
</TABLE>
115
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
AsOf 0503-030957-12 200 15 2-May-96 8-May-96
AsOf 0506-030211-12 100 15 2-May-96 8-May-96
0503-300924-12 1,700 33.708 3-May-96 8-May-96
AsOf 0506-030210-12 100 15 2-May-96 8-May-96
0503-300920-12 1,700 33.708 3-May-96 8-May-96
0503-300923-12 1,600 33.708 3-May-96 8-May-96
AsOf 0503-031202-12 200 15 2-May-96 8-May-96
0503-300798-12 200 31 1/4 3-May-96 8-May-96
AsOf 0503-030918-12 200 15 2-May-96 8-May-96
0503-300898-12 200 31 2/4 3-May-96 8-May-96
AsOf 0503-031177-12 200 15 2-May-96 8-May-96
0503-300799-12 200 31 1/4 3-May-96 8-May-96
AsOf 0506-030213-12 100 15 2-May-96 8-May-96
0503-300921-12 1,000 33.708 3-May-96 8-May-96
AsOf 0503-030955-12 200 15 2-May-96 8-May-96
AsOf 0503-030928-12 75 15 2-May-96 8-May-96
0503-300807-12 75 31 2/4 3-May-96 8-May-96
AsOf 0506-030216-12 100 15 2-May-96 8-May-96
0503-300925-12 1,000 33.708 3-May-96 8-May-96
AsOf 0503-031176-12 100 15 2-May-96 8-May-96
0503-300800-12 100 31 1/4 3-May-96 8-May-96
AsOf 0506-030212-12 100 15 2-May-96 8-May-96
AsOf 0503-030965-12 100 15 2-May-96 8-May-96
Corr 0506-999697-12 100 32 3-May-96 8-May-96
AsOf 0503-030139-12 500 15 2-May-96 8-May-96
AsOf 0506-030057-12 300 15 2-May-96 8-May-96
AsOf 5503-030159-12 1,500 15 2-May-96 8-May-96
AsOf 5503-030133-12 1,700 15 2-May-96 8-May-96
AsOf 5503-030155-12 1,000 15 2-May-96 8-May-96
AsOf 0506-030060-12 200 15 2-May-96 8-May-96
AsOf 0503-030154-12 1,700 15 2-May-96 8-May-96
0503-016728-13 1,000 31 1/4 3-May-96 8-May-96
0503-016735-13 100 33 2/4 3-May-96 8-May-96
0503-016736-13 400 31 3/4 3-May-96 8-May-96
0503-016737-13 500 31 3/4 3-May-96 8-May-96
0503-016740-13 100 31.594 3-May-96 8-May-96
0503-016741-13 100 31.594 3-May-96 8-May-96
0503-016742-13 200 31.594 3-May-96 8-May-96
0503-016743-13 100 31.594 3-May-96 8-May-96
0503-016744-13 100 31.594 3-May-96 8-May-96
0503-016745-13 100 31.594 3-May-96 8-May-96
0503-016746-13 100 31.594 3-May-96 8-May-96
0503-016775-13 200 33 2/4 3-May-96 8-May-96
0503-016805-13 200 31 2/4 3-May-96 8-May-96
0503-016820-13 350 31 3/8 3-May-96 8-May-96
0503-016821-13 350 31 3/8 3-May-96 8-May-96
0503-016822-13 350 31 3/8 3-May-96 8-May-96
0503-016823-13 700 31 3/8 3-May-96 8-May-96
</TABLE>
116
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-016824-13 250 32 1/4 3-May-96 8-May-96
0503-016825-13 250 32 1/4 3-May-96 8-May-96
0503-016826-13 250 32 1/4 3-May-96 8-May-96
0503-016827-13 500 32 1/4 3-May-96 8-May-96
0503-016828-13 200 33 3/4 3-May-96 8-May-96
0503-016829-13 200 33 3/4 3-May-96 8-May-96
0503-016830-13 200 33 3/4 3-May-96 8-May-96
0503-016831-13 400 33 3/4 3-May-96 8-May-96
0503-016832-13 200 34 1/8 3-May-96 8-May-96
0503-016833-13 200 34 1/8 3-May-96 8-May-96
0503-016834-13 200 34 1/8 3-May-96 8-May-96
0503-016835-13 400 34 1/8 3-May-96 8-May-96
0503-016841-13 500 31 1/4 3-May-96 8-May-96
0503-016859-13 500 33 1/4 3-May-96 8-May-96
0503-016860-13 600 33 1/4 3-May-96 8-May-96
0503-016861-13 500 33 1/4 3-May-96 8-May-96
0503-016862-13 500 33 1/4 3-May-96 8-May-96
0503-016865-13 150 31 3/4 3-May-96 8-May-96
0503-016866-13 1,000 31.6 3-May-96 8-May-96
0503-016867-13 1,000 31.6 3-May-96 8-May-96
0503-016869-13 600 31.6 3-May-96 8-May-96
0503-016872-13 1,000 31.6 3-May-96 8-May-96
0503-016896-13 400 33 3-May-96 8-May-96
0503-016903-13 1,000 31 1/8 3-May-96 8-May-96
0503-016908-13 600 30 3/4 3-May-96 8-May-96
0503-016924-13 300 30 3/4 3-May-96 8-May-96
0503-016925-13 700 30 3/4 3-May-96 8-May-96
0503-016927-13 100 32 2/4 3-May-96 8-May-96
0503-016930-13 700 32 3-May-96 8-May-96
0503-016990-13 150 32 2/4 3-May-96 8-May-96
0503-017079-13 2,000 32 2/4 3-May-96 8-May-96
0503-017095-13 200 30 3/4 3-May-96 8-May-96
0503-017201-13 500 31 3-May-96 8-May-96
0503-017308-13 200 32.02 3-May-96 8-May-96
0503-017309-13 200 32.02 3-May-96 8-May-96
0503-017310-13 200 32.02 3-May-96 8-May-96
0503-017311-13 200 32.02 3-May-96 8-May-96
0503-017337-13 500 32 7/8 3-May-96 8-May-96
0503-017339-13 500 32 7/8 3-May-96 8-May-96
0503-017340-13 500 32 7/8 3-May-96 8-May-96
0503-017341-13 500 32 7/8 3-May-96 8-May-96
0503-017342-13 250 32 7/8 3-May-96 8-May-96
0503-017343-13 500 32 7/8 3-May-96 8-May-96
0503-017344-13 500 32 7/8 3-May-96 8-May-96
0503-017345-13 500 32 7/8 3-May-96 8-May-96
0503-017346-13 500 32 7/8 3-May-96 8-May-96
0503-017347-13 500 32 7/8 3-May-96 8-May-96
0503-017348-13 500 32 7/8 3-May-96 8-May-96
</TABLE>
117
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-017349-13 500 32 7/8 3-May-96 8-May-96
0503-017350-13 1,000 33 7/8 3-May-96 8-May-96
0503-017355-13 100 32 3-May-96 8-May-96
0503-017370-13 500 34 1/8 3-May-96 8-May-96
0503-017371-13 500 34 1/8 3-May-96 8-May-96
0503-017372-13 500 34 1/8 3-May-96 8-May-96
0503-017373-13 500 34 1/8 3-May-96 8-May-96
0503-017374-13 500 34 1/8 3-May-96 8-May-96
0503-017375-13 500 34 1/8 3-May-96 8-May-96
0503-017376-13 500 34 1/8 3-May-96 8-May-96
0503-017377-13 500 34 1/8 3-May-96 8-May-96
0503-017378-13 500 34 1/8 3-May-96 8-May-96
0503-017379-13 500 34 1/8 3-May-96 8-May-96
0503-017396-13 1,000 33 3-May-96 8-May-96
0503-017397-13 500 33 3-May-96 8-May-96
0503-017403-13 500 32 7/8 3-May-96 8-May-96
0503-017408-13 500 34 2/4 3-May-96 8-May-96
0503-017409-13 500 34 2/4 3-May-96 8-May-96
0503-017410-13 500 34 2/4 3-May-96 8-May-96
0503-017411-13 500 34 2/4 3-May-96 8-May-96
0503-017412-13 500 34 2/4 3-May-96 8-May-96
0503-017413-13 500 34 2/4 3-May-96 8-May-96
0503-017414-13 500 34 2/4 3-May-96 8-May-96
0503-017415-13 500 34 2/4 3-May-96 8-May-96
0503-017416-13 500 34 2/4 3-May-96 8-May-96
0503-017417-13 500 34 2/4 3-May-96 8-May-96
0503-017418-13 100 33 3-May-96 8-May-96
0503-017419-13 200 33 3-May-96 8-May-96
0503-017420-13 100 33 3-May-96 8-May-96
0503-017421-13 100 33 3-May-96 8-May-96
0503-017422-13 200 33 3-May-96 8-May-96
0503-017423-13 200 33 3-May-96 8-May-96
0503-017424-13 100 33 3-May-96 8-May-96
0503-017425-13 200 33 3-May-96 8-May-96
0503-017426-13 200 33 3-May-96 8-May-96
0503-017427-13 200 33 3-May-96 8-May-96
0503-017428-13 200 33 3-May-96 8-May-96
0503-017429-13 200 33 3-May-96 8-May-96
0503-017430-13 200 33 3-May-96 8-May-96
0503-017431-13 200 33 3-May-96 8-May-96
0503-017432-13 200 31 3-May-96 8-May-96
0503-017433-13 200 31 3-May-96 8-May-96
0503-017434-13 100 31 3-May-96 8-May-96
0503-017435-13 200 31 3-May-96 8-May-96
0503-017436-13 200 31 3-May-96 8-May-96
0503-017437-13 200 31 3-May-96 8-May-96
0503-017438-13 200 31 3-May-96 8-May-96
0503-017439-13 200 31 3-May-96 8-May-96
</TABLE>
118
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-017440-13 200 31 1/4 3-May-96 8-May-96
0503-017441-13 200 31 1/4 3-May-96 8-May-96
0503-017442-13 100 31 1/4 3-May-96 8-May-96
0503-017443-13 400 31 1/4 3-May-96 8-May-96
0503-017444-13 100 31 1/4 3-May-96 8-May-96
0503-017445-13 100 31 1/4 3-May-96 8-May-96
0503-017446-13 200 31 1/4 3-May-96 8-May-96
0503-017447-13 100 31 1/4 3-May-96 8-May-96
0503-017448-13 100 31 1/4 3-May-96 8-May-96
0503-017449-13 1,000 31 1/4 3-May-96 8-May-96
0503-017455-13 500 31 3/4 3-May-96 8-May-96
0503-017456-13 500 31 3/4 3-May-96 8-May-96
0503-017457-13 500 31 3/4 3-May-96 8-May-96
0503-017458-13 500 31 3/4 3-May-96 8-May-96
0503-017459-13 500 31 3/4 3-May-96 8-May-96
0503-017460-13 500 31 3/4 3-May-96 8-May-96
0503-017461-13 500 31 3/4 3-May-96 8-May-96
0503-017462-13 500 31 3/4 3-May-96 8-May-96
0503-017463-13 500 31 3/4 3-May-96 8-May-96
0503-017464-13 500 31 3/4 3-May-96 8-May-96
0503-017465-13 500 31 3/4 3-May-96 8-May-96
0503-017466-13 250 31 3/4 3-May-96 8-May-96
0503-017467-13 500 31 3/4 3-May-96 8-May-96
0503-017468-13 500 31 3/4 3-May-96 8-May-96
0503-017469-13 500 31 3/4 3-May-96 8-May-96
0503-017470-13 500 31 3/4 3-May-96 8-May-96
0503-017471-13 500 31 3/4 3-May-96 8-May-96
0503-017472-13 500 31 3/4 3-May-96 8-May-96
0503-017473-13 700 32 2/4 3-May-96 8-May-96
0503-022882-12 200 31 3-May-96 8-May-96
0503-022888-12 500 31 3/8 3-May-96 8-May-96
0503-022890-12 2,000 31 3-May-96 8-May-96
0503-022891-12 200 31 3/4 3-May-96 8-May-96
0503-022893-12 2,000 31 1/4 3-May-96 8-May-96
0503-022895-12 500 31 3/8 3-May-96 8-May-96
0503-022896-12 200 32 3-May-96 8-May-96
0503-022898-12 400 31 3/8 3-May-96 8-May-96
0503-022899-12 1,000 31 3/4 3-May-96 8-May-96
0503-022900-12 100 32 3-May-96 8-May-96
0503-022901-12 400 31 3/8 3-May-96 8-May-96
0503-022905-12 100 31 2/4 3-May-96 8-May-96
0503-022907-12 10,000 32 3-May-96 8-May-96
0503-022909-12 5,000 32 3-May-96 8-May-96
0503-022915-12 100 31 2/4 3-May-96 8-May-96
0503-022918-12 1,000 32 3-May-96 8-May-96
0503-022919-12 2,000 32 3-May-96 8-May-96
0503-022926-12 100 31 3/4 3-May-96 8-May-96
0503-022929-12 100 31 3/4 3-May-96 8-May-96
</TABLE>
119
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-022930-12 100 31 3/4 3-May-96 8-May-96
0503-022935-12 100 31 3/4 3-May-96 8-May-96
0503-022938-12 400 31 3/4 3-May-96 8-May-96
0503-022940-12 100 31 3/4 3-May-96 8-May-96
0503-022941-12 1,000 32 3-May-96 8-May-96
0503-022950-12 500 32 2/4 3-May-96 8-May-96
0503-022954-12 2,000 32 1/4 3-May-96 8-May-96
0503-022955-12 500 31 1/4 3-May-96 8-May-96
0503-022956-12 200 32 1/4 3-May-96 8-May-96
0503-022960-12 400 31 1/4 3-May-96 8-May-96
0503-022963-12 1,000 32 1/4 3-May-96 8-May-96
0503-022964-12 2,000 32 1/4 3-May-96 8-May-96
0503-022965-12 300 32 3/8 3-May-96 8-May-96
0503-022966-12 400 32 3/8 3-May-96 8-May-96
0503-022967-12 200 32 3/8 3-May-96 8-May-96
0503-022968-12 100 32 3/8 3-May-96 8-May-96
0503-022969-12 200 32 1/4 3-May-96 8-May-96
0503-022970-12 1,000 32 1/4 3-May-96 8-May-96
0503-022971-12 200 31 1/4 3-May-96 8-May-96
0503-022972-12 25,000 32 2/4 3-May-96 8-May-96
0503-022973-12 150 31 1/4 3-May-96 8-May-96
0503-022974-12 100 32 1/4 3-May-96 8-May-96
0503-022975-12 100 32 1/4 3-May-96 8-May-96
0503-022976-12 200 32 3-May-96 8-May-96
0503-022980-12 200 32 3-May-96 8-May-96
0503-022982-12 1,000 32 3-May-96 8-May-96
0503-022983-12 1,000 32 3-May-96 8-May-96
0503-022985-12 200 32 3-May-96 8-May-96
0503-022988-12 100 32 3-May-96 8-May-96
0503-022989-12 1,000 32 3-May-96 8-May-96
0503-022993-12 200 32 3-May-96 8-May-96
0503-022994-12 15,000 32 3-May-96 8-May-96
0503-022995-12 1,500 32 3-May-96 8-May-96
0503-022996-12 200 32 3-May-96 8-May-96
0503-022997-12 1,200 32 3-May-96 8-May-96
0503-022999-12 3,500 32 3-May-96 8-May-96
0503-023001-12 200 32 3-May-96 8-May-96
0503-023007-12 300 32 3-May-96 8-May-96
0503-023009-12 307 32 1/4 3-May-96 8-May-96
0503-023010-12 2,000 32 3-May-96 8-May-96
0503-023011-12 100 32 3-May-96 8-May-96
0503-023016-12 500 32 3-May-96 8-May-96
0503-023020-12 50 32 3-May-96 8-May-96
0503-023027-12 50 32 3-May-96 8-May-96
0503-023029-12 500 32 1/4 3-May-96 8-May-96
0503-023063-12 100 32 1/4 3-May-96 8-May-96
0503-023074-12 100 32 1/4 3-May-96 8-May-96
0503-023088-12 2,000 31 1/4 3-May-96 8-May-96
</TABLE>
120
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-023111-12 300 33 3/4 3-May-96 8-May-96
0503-023113-12 200 33 2/4 3-May-96 8-May-96
0503-023115-12 200 33 2/4 3-May-96 8-May-96
0503-023124-12 3,800 31 1/4 3-May-96 8-May-96
0503-023126-12 100 33 2/4 3-May-96 8-May-96
0503-023130-12 2,000 33 2/4 3-May-96 8-May-96
0503-023137-12 2,000 33 2/4 3-May-96 8-May-96
0503-023139-12 50 33 2/4 3-May-96 8-May-96
0503-023150-12 6,000 33 2/4 3-May-96 8-May-96
0503-023164-12 2,100 33 2/4 3-May-96 8-May-96
0503-023177-12 200 33 2/4 3-May-96 8-May-96
0503-023179-12 100 33 2/4 3-May-96 8-May-96
0503-023186-12 2,500 33 2/4 3-May-96 8-May-96
0503-023208-12 8,000 33 2/4 3-May-96 8-May-96
0503-023213-12 10,000 33 2/4 3-May-96 8-May-96
0503-023236-12 2,000 33 2/4 3-May-96 8-May-96
0503-023237-12 1,100 33 2/4 3-May-96 8-May-96
0503-023240-12 1,000 33 2/4 3-May-96 8-May-96
0503-023249-12 100 33 2/4 3-May-96 8-May-96
0503-023254-12 7,500 33 2/4 3-May-96 8-May-96
0503-023259-12 7,000 33 2/4 3-May-96 8-May-96
0503-023264-12 200 33 2/4 3-May-96 8-May-96
0503-023270-12 200 33 2/4 3-May-96 8-May-96
0503-023274-12 100 33 2/4 3-May-96 8-May-96
0503-023295-12 300 34 1/4 3-May-96 8-May-96
0503-023308-12 200 34 3-May-96 8-May-96
0503-023310-12 1,000 34 3-May-96 8-May-96
0503-023311-12 200 34 3-May-96 8-May-96
0503-023315-12 200 34 3-May-96 8-May-96
0503-023316-12 100 34 3-May-96 8-May-96
0503-023321-12 1,000 34 3-May-96 8-May-96
0503-023322-12 5,800 34 3-May-96 8-May-96
0503-023325-12 6,500 34 3-May-96 8-May-96
0503-023326-12 2,000 34 3-May-96 8-May-96
0503-023348-12 5,000 34 3-May-96 8-May-96
0503-023350-12 850 34 3-May-96 8-May-96
0503-023357-12 100 34 3-May-96 8-May-96
0503-023358-12 10,000 34 3-May-96 8-May-96
0503-023364-12 200 34 3-May-96 8-May-96
0503-023376-12 200 33 3/4 3-May-96 8-May-96
0503-023380-12 200 33 3/4 3-May-96 8-May-96
0503-023384-12 100 33 3/4 3-May-96 8-May-96
0503-023395-12 2,000 33 11/16 3-May-96 8-May-96
0503-023396-12 4,000 33.73438 3-May-96 8-May-96
0503-023397-12 1,000 33 3/4 3-May-96 8-May-96
0503-023398-12 1,000 33 3/4 3-May-96 8-May-96
0503-023399-12 200 33 3/4 3-May-96 8-May-96
0503-023400-12 1,000 33 3/4 3-May-96 8-May-96
</TABLE>
121
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-023403-12 6,000 33 3/4 3-May-96 8-May-96
0503-023404-12 1,000 33 3/4 3-May-96 8-May-96
0503-023412-12 100 33 3/4 3-May-96 8-May-96
0503-023415-12 200 33 3/4 3-May-96 8-May-96
0503-023422-12 4,500 33 7/8 3-May-96 8-May-96
0503-023428-12 500 33 7/8 3-May-96 8-May-96
0503-023429-12 3,000 33 7/8 3-May-96 8-May-96
0503-023432-12 1,000 33 3/4 3-May-96 8-May-96
0503-023452-12 2,000 33 3/4 3-May-96 8-May-96
0503-023458-12 100 33 3/4 3-May-96 8-May-96
0503-023478-12 1,000 33 3/4 3-May-96 8-May-96
0503-023485-12 500 33.73438 3-May-96 8-May-96
0503-023486-12 3,000 33 3/4 3-May-96 8-May-96
0503-023487-12 200 33 3/4 3-May-96 8-May-96
0503-023488-12 1,300 33.85938 3-May-96 8-May-96
0503-023499-12 500 33 3/4 3-May-96 8-May-96
0503-023519-12 2,000 33 3/4 3-May-96 8-May-96
0503-023522-12 1,000 33 3/4 3-May-96 8-May-96
0503-023525-12 200 33 3/4 3-May-96 8-May-96
0503-023547-12 5,000 33 3/4 3-May-96 8-May-96
0503-023550-12 15,000 33 3/4 3-May-96 8-May-96
0503-023584-12 2,000 33 3/4 3-May-96 8-May-96
0503-023590-12 200 33 2/4 3-May-96 8-May-96
0503-023595-12 200 34 3-May-96 8-May-96
0503-023605-12 2,200 33 2/4 3-May-96 8-May-96
0503-023618-12 100 33 2/4 3-May-96 8-May-96
0503-023633-12 2,000 33 2/4 3-May-96 8-May-96
0503-023640-12 1,000 33 1/4 3-May-96 8-May-96
0503-023650-12 3,000 33 3-May-96 8-May-96
0503-023655-12 2,000 33 3-May-96 8-May-96
0503-023656-12 2,000 33 3-May-96 8-May-96
0503-023657-12 600 33 3/4 3-May-96 8-May-96
0503-023664-12 100 33 3-May-96 8-May-96
0503-023677-12 1,500 33 3-May-96 8-May-96
0503-023736-12 100 33 3-May-96 8-May-96
0503-023749-12 50 33 3-May-96 8-May-96
0503-023761-12 25 33 3-May-96 8-May-96
0503-023766-12 25 33 3-May-96 8-May-96
0503-023774-12 50 33 3-May-96 8-May-96
0503-023787-12 400 33 3-May-96 8-May-96
0503-023803-12 100 32 3/4 3-May-96 8-May-96
0503-023825-12 100 32 3/4 3-May-96 8-May-96
0503-023866-12 1,000 32 3/4 3-May-96 8-May-96
0503-023871-12 5,000 32 3/4 3-May-96 8-May-96
0503-023874-12 100 32 3/4 3-May-96 8-May-96
0503-023895-12 200 32 2/4 3-May-96 8-May-96
0503-023896-12 1,000 32 3/4 3-May-96 8-May-96
0503-023919-12 1,000 32 2/4 3-May-96 8-May-96
</TABLE>
122
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-024040-12 600 32 2/4 3-May-96 8-May-96
0503-024079-12 250 32 2/4 3-May-96 8-May-96
0503-024333-12 8,900 32 3/4 3-May-96 8-May-96
0503-024338-12 100 33 1/4 3-May-96 8-May-96
0503-024350-12 1,100 32 3/4 3-May-96 8-May-96
0503-024386-12 700 32 7/8 3-May-96 8-May-96
0503-024387-12 1,500 32 7/8 3-May-96 8-May-96
0503-024392-12 800 32 7/8 3-May-96 8-May-96
0503-024468-12 1,000 33 3/4 3-May-96 8-May-96
0503-024498-12 600 32 2/4 3-May-96 8-May-96
0503-024593-12 500 32 3/4 3-May-96 8-May-96
0503-024613-12 2,500 32 3/4 3-May-96 8-May-96
0503-024633-12 3,000 32 3/4 3-May-96 8-May-96
0503-024652-12 1,000 32 2/4 3-May-96 8-May-96
0503-024654-12 300 32 3/4 3-May-96 8-May-96
0503-024657-12 700 32 3/4 3-May-96 8-May-96
0503-024665-12 2,300 32 3/4 3-May-96 8-May-96
0503-024694-12 700 32 3/4 3-May-96 8-May-96
0503-024697-12 300 32 3/4 3-May-96 8-May-96
0503-024704-12 1,700 32 3/4 3-May-96 8-May-96
0503-024715-12 900 33 1/4 3-May-96 8-May-96
0503-024716-12 3,000 32 3/4 3-May-96 8-May-96
0503-024723-12 1,200 32 3/4 3-May-96 8-May-96
0503-024727-12 1,800 32 3/4 3-May-96 8-May-96
0503-024730-12 3,000 32 3/4 3-May-96 8-May-96
0503-024772-12 100 32 2/4 3-May-96 8-May-96
0503-024802-12 1,000 33 1/4 3-May-96 8-May-96
0503-024807-12 200 33 1/4 3-May-96 8-May-96
0503-024808-12 1,000 33 1/4 3-May-96 8-May-96
0503-024873-12 1,000 33 1/4 3-May-96 8-May-96
0503-024885-12 1,000 33 1/4 3-May-96 8-May-96
0503-024904-12 200 33 1/4 3-May-96 8-May-96
0503-024910-12 200 33 1/4 3-May-96 8-May-96
0503-024957-12 200 33 2/4 3-May-96 8-May-96
0503-024972-12 2,000 33 2/4 3-May-96 8-May-96
0503-024974-12 200 33 2/4 3-May-96 8-May-96
0503-024999-12 5,000 33 2/4 3-May-96 8-May-96
0503-025002-12 200 33 2/4 3-May-96 8-May-96
0503-025004-12 2,500 33 3/4 3-May-96 8-May-96
0503-025039-12 100 34 3-May-96 8-May-96
0503-025068-12 5,000 33 3/4 3-May-96 8-May-96
0503-025125-12 1,000 33 3/4 3-May-96 8-May-96
0503-100312-13 300 33 1/8 3-May-96 8-May-96
0503-100313-13 300 33 1/8 3-May-96 8-May-96
0503-100314-13 225 33 1/8 3-May-96 8-May-96
0503-100315-13 225 33 1/8 3-May-96 8-May-96
0503-100316-13 175 33 1/8 3-May-96 8-May-96
0503-100317-13 175 33 1/8 3-May-96 8-May-96
</TABLE>
123
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-100318-13 175 33 1/8 3-May-96 8-May-96
0503-100319-13 175 33 1/8 3-May-96 8-May-96
0503-100320-13 175 33 1/8 3-May-96 8-May-96
0503-100321-13 175 33 1/8 3-May-96 8-May-96
0503-100324-13 5,000 31 1/4 3-May-96 8-May-96
0503-100441-13 500 31.769 3-May-96 8-May-96
0503-100442-13 2,000 31.769 3-May-96 8-May-96
0503-100443-13 1,000 31.769 3-May-96 8-May-96
0503-100444-13 1,000 31.769 3-May-96 8-May-96
0503-100445-13 500 31.769 3-May-96 8-May-96
0503-100446-13 500 31.769 3-May-96 8-May-96
0503-100447-13 3,000 31.769 3-May-96 8-May-96
0503-100448-13 1,000 31.769 3-May-96 8-May-96
0503-100449-13 1,500 31.769 3-May-96 8-May-96
0503-100450-13 500 31.769 3-May-96 8-May-96
0503-100451-13 500 31.769 3-May-96 8-May-96
0503-100452-13 500 31.769 3-May-96 8-May-96
0503-100453-13 500 31.769 3-May-96 8-May-96
0503-100454-13 500 31.769 3-May-96 8-May-96
0503-100455-13 1,500 31.769 3-May-96 8-May-96
0503-100456-13 500 31.769 3-May-96 8-May-96
0503-100457-13 500 31.769 3-May-96 8-May-96
0503-100458-13 4,500 31.769 3-May-96 8-May-96
0503-100459-13 500 31.769 3-May-96 8-May-96
0503-100460-13 5,000 31.769 3-May-96 8-May-96
0503-100461-13 500 31.769 3-May-96 8-May-96
0503-100462-13 500 31.769 3-May-96 8-May-96
0503-100463-13 500 31.769 3-May-96 8-May-96
0503-100464-13 500 31.769 3-May-96 8-May-96
0503-100465-13 500 31.769 3-May-96 8-May-96
0503-100466-13 2,000 31.769 3-May-96 8-May-96
0503-100467-13 2,000 31.769 3-May-96 8-May-96
0503-100468-13 1,500 31.769 3-May-96 8-May-96
0503-100469-13 100 31.769 3-May-96 8-May-96
0503-100470-13 400 31.769 3-May-96 8-May-96
0503-100471-13 100 31.769 3-May-96 8-May-96
0503-100472-13 500 31.769 3-May-96 8-May-96
0503-100473-13 200 31.769 3-May-96 8-May-96
0503-100474-13 100 31.769 3-May-96 8-May-96
0503-100475-13 100 31.769 3-May-96 8-May-96
0503-100476-13 3,700 31.769 3-May-96 8-May-96
0503-100477-13 300 31.769 3-May-96 8-May-96
0503-100480-13 2,100 32 3-May-96 8-May-96
0503-100481-13 3,400 32 3-May-96 8-May-96
0503-100649-13 20,000 32.681 3-May-96 8-May-96
0503-100760-13 12,000 31.844 3-May-96 8-May-96
0503-100791-13 1,500 31 3/8 3-May-96 8-May-96
0503-100796-13 1,410 32.681 3-May-96 8-May-96
</TABLE>
124
<PAGE>
SCHEDULE IV
<TABLE>
<CAPTION>
Shares Shares Trade Settlement
Reference Number Purchased Sold Price Date Date
---------------- --------- ---- ----- ---- ----
<S> <C> <C> <C> <C> <C>
0503-100797-13 1,165 32.681 3-May-96 8-May-96
0503-100798-13 1,255 32.681 3-May-96 8-May-96
0503-100799-13 3,170 32.681 3-May-96 8-May-96
0503-100843-13 700 31 1/4 3-May-96 8-May-96
0503-100844-13 100 31 1/4 3-May-96 8-May-96
0503-100888-13 900 33 2/4 3-May-96 8-May-96
0503-100935-13 800 33 2/4 3-May-96 8-May-96
0503-100936-13 500 33 2/4 3-May-96 8-May-96
0503-100937-13 1,700 33 2/4 3-May-96 8-May-96
0503-101094-13 5,000 33 2/4 3-May-96 8-May-96
0503-112184-13 1,000 31 1/4 3-May-96 8-May-96
0503-112221-13 4,000 31 1/4 3-May-96 8-May-96
0503-112222-13 1,000 31 1/4 3-May-96 8-May-96
0503-112245-13 2,000 31 3/8 3-May-96 8-May-96
0503-112246-13 15,000 32.6813 3-May-96 8-May-96
0503-112256-13 10,000 32.6813 3-May-96 8-May-96
0503-112299-13 1,900 34 3-May-96 8-May-96
0503-112300-13 100 34 3-May-96 8-May-96
0503-112308-13 5,000 31 5/8 3-May-96 8-May-96
0503-112326-13 500 31 1/4 3-May-96 8-May-96
0503-112333-13 100 32 3/4 3-May-96 8-May-96
0503-112417-13 4,000 33 2/4 3-May-96 8-May-96
0503-112421-13 100 33 3/4 3-May-96 8-May-96
0503-112429-13 3,400 32 7/8 3-May-96 8-May-96
0503-112430-13 3,400 32 7/8 3-May-96 8-May-96
0503-112431-13 200 32 7/8 3-May-96 8-May-96
0503-112442-13 900 33 3-May-96 8-May-96
0503-112507-13 1,000 32 3-May-96 8-May-96
0503-112527-13 2,000 32 3-May-96 8-May-96
0503-112547-13 10,000 32.6812 3-May-96 8-May-96
0503-112570-13 500 33 2/4 3-May-96 8-May-96
0503-112571-13 350 33 2/4 3-May-96 8-May-96
0503-112572-13 50 33 2/4 3-May-96 8-May-96
0503-112573-13 100 33 2/4 3-May-96 8-May-96
0503-112587-13 1,200 31 1/4 3-May-96 8-May-96
0503-112607-13 4,100 32.44 3-May-96 8-May-96
0503-112608-13 4,400 32.44 3-May-96 8-May-96
0503-112609-13 1,700 32.44 3-May-96 8-May-96
0503-112610-13 7,000 32.44 3-May-96 8-May-96
0503-112611-13 700 32.44 3-May-96 8-May-96
0503-112612-13 3,100 32.44 3-May-96 8-May-96
0503-112629-13 900 32 3/4 3-May-96 8-May-96
0503-112630-13 600 32 3/4 3-May-96 8-May-96
0503-112670-13 1,500 33.05 3-May-96 8-May-96
0503-112671-13 8,200 33.05 3-May-96 8-May-96
0503-112672-13 7,400 33.05 3-May-96 8-May-96
0503-112673-13 2,900 33.05 3-May-96 8-May-96
0503-112877-13 7,400 33 3-May-96 8-May-96
</TABLE>
125
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. EXHIBIT PAGE
(1) Series D Preferred Stock Purchase Agreement 127
by and among the predecessor to the Company
and the purchasers of shares of Series D
Preferred Stock, dated as of October 26, 1995
(2) Second Amended and Restated Registration
Rights Agreement by and among the Company and
the persons and entities thereto, dated as of
October 26, 1995, as amended (incorporated herein
by reference to Exhibit 4.02 to the Company's
Registration Statement on Form S-1 No.
333-02020)
(3) Underwriting Agreement (incorporated herein by
reference to Exhibit 1.01 to the Company's
Registration Statement on Form S-1 No. 333-02020)
(4) Lock-up Agreement 150
(5) Joint Filing Agreement 152
126
<PAGE>
EXHIBIT 1
EDIFY CORPORATION
======================================================================
SERIES D PREFERRED STOCK PURCHASE AGREEMENT
======================================================================
October 26, 1995
127
<PAGE>
TABLE OF CONTENTS
-----------------
Page
----
SECTION 1 - Authorization and Sale of Series D Preferred Stock.. 1
1.1 Authorization............................................... 1
1.2 Sale of Series D Preferred.................................. 1
SECTION 2 - Closing Date; Delivery...................................... 1
2.1 Closing Date................................................ 1
2.2 Closing..................................................... 1
SECTION 3 - Representations and Warranties of the Company............... 2
3.1 Organization and Standing.................................. 2
3.2 Corporate Power............................................ 2
3.3 Capitalization............................................. 2
3.4 Authorization.............................................. 3
3.5 Financial Information...................................... 3
3.6 Changes.................................................... 3
3.7 Title to Properties and Assets; Liens, etc................. 4
3.8 Patents, Trademarks, and Trade Secrets..................... 4
3.9 Compliance With Other Instruments, None Burdensome, etc.... 4
3.10 Litigation, etc............................................ 5
3.11 Registration Rights........................................ 5
3.12 Governmental Consent, etc.................................. 5
3.13 Offering................................................... 5
3.14 Disclosure................................................. 5
3.15 Contracts and Other Commitments............................ 6
3.16 Subsidiaries and Other Equity Interests.................... 6
3.17 Manufacturing Rights....................................... 6
3.18 Transactions with Principals............................... 6
3.19 Taxes...................................................... 6
3.20 Brokerage.................................................. 6
3.21 Insurance.................................................. 6
3.22 Employees; Employee Compensation........................... 7
3.23 Real Property Holding Corporation.......................... 7
SECTION 4 - Investment Representation.................................. 7
4.1 Experience................................................. 7
4.2 Investment................................................. 8
128
<PAGE>
4.3 Rule 144................................................... 8
4.4 No Public Market........................................... 8
4.5 Access to Data............................................. 8
4.6 Accredited Investor........................................ 8
SECTION 5 - Conditions to Purchasers' Obligations at Closing........... 8
5.1 Representations and Warranties Correct..................... 8
5.2 Covenants.................................................. 8
5.3 Opinion of Company's Counsel............................... 9
5.4 Restated Articles of Incorporation......................... 9
5.5 Compliance Certificate..................................... 9
5.6 Registration Rights Agreement.............................. 9
5.7 Proceedings and Documents.................................. 9
5.8 Minimum Investment......................................... 9
SECTION 6 - Conditions to Company's Obligations at Closing............. 9
6.1 Representations Correct.................................... 9
6.2 Amendment of Articles of Incorporation..................... 9
6.3 Minimum Investment......................................... 9
SECTION 7 - Affirmative Covenants of the Company....................... 10
7.1 Basic Financial Information................................ 10
7.2 Additional Information..................................... 10
7.3 Assignment of Rights to Information........................ 11
7.4 Key Man Insurance.......................................... 11
7.5 Confidentiality............................................ 11
7.6 Issuance of Common Stock to Employees...................... 11
SECTION 8 - Miscellaneous.............................................. 12
8.1 Governing Law.............................................. 12
8.2 Survival................................................... 12
8.3 Successors and Assigns..................................... 12
8.4 Entire Agreement; Amendment................................ 12
8.5 Effect of Amendment or Waiver.............................. 12
8.6 Rights of Purchasers....................................... 12
8.7 Exculpation Among Purchasers............................... 13
8.8 Notices, etc............................................... 13
8.9 Delays or Omissions........................................ 13
8.10 California Corporate Securities Law........................ 13
8.11 Expenses................................................... 13
8.12 Counterparts............................................... 13
129
<PAGE>
8.13 Severability............................................... 14
8.14 Gender..................................................... 14
8.15 Aggregation of Stock....................................... 14
SCHEDULE OF PURCHASERS
EXHIBITS
A. Third Amended and Restated Articles of Incorporation of Edify Corporation
B. Schedule of Exceptions
C. List of Security Holders
D. Financial Statements
E Schedule of Material Contracts
F. Opinion of Fenwick & West
G. Second Amended and Restated Registration Rights Agreement
130
<PAGE>
EXHIBIT 1
EDIFY CORPORATION
SERIES D PREFERRED STOCK PURCHASE AGREEMENT
This Agreement is made as of October 26, 1995, among Edify Corporation, a
California corporation (the "Company") and the persons and entities listed on
-------
the "Schedule of Purchasers" attached hereto (the "Purchasers").
----------
In consideration of the mutual promises, covenants and conditions hereinafter
set forth, the parties hereto mutually agree as follows:
SECTION 1
Authorization and Sale of
Series D Preferred Stock
------------------------
1.1 Authorization. The Company has, or before the Closing will have,
-------------
authorized the sale and issuance of up to 1,300,000 shares of its Series D
Preferred Stock (the "Series D Preferred") having the rights, restrictions,
------ ---------
privileges and preferences set forth in the Third Amended and Restated Articles
of Incorporation of the Company (the "Restated Articles") attached hereto as
-----------------
Exhibit A. The Company has, or before the Closing will have, adopted and filed
- ----------
the Restated Articles with the Secretary of State of the State of California.
1.2 Sale of Series D Preferred. Subject to the terms and conditions hereof, at
--------------------------
the Closing the Company will issue and sell to the Purchasers, and the
Purchasers will buy from the Company, the number of shares of Series D Preferred
specified opposite each Purchaser's name on the Schedule of Purchasers, at a
purchase price of $6.75 per share. The Company's agreements with each of the
Purchasers are separate agreements, and the sale of the Series D Preferred to
each of the Purchasers are separate sales.
SECTION 2
Closing Date; Deliverv
----------------------
2.1 Closing Date. The closing of the purchase and sale of the Series D
-------------
Preferred being purchased by the Purchasers (the "Shares") hereunder (the
------
"Closing") shall be held at the law offices of the Company's counsel, Fenwick &
-------
West, at 10:00 a.m. on October 26, 1995, or at such other time and place as the
Company and a majority in interest of the Purchasers mutually agree upon (the
"Closing Date").
------------
2.2 Closing. At the Closing, the Company will deliver to the Purchasers
--------
certificates representing the number of Shares to be purchased by each
Purchaser, as set forth in the Schedule of Purchasers, against payment of the
purchase price therefor by check or wire transfer in the amount specified in the
Schedule of Purchasers, payable to the Company.
131
<PAGE>
SECTION 3
Representations and Warranties of the Companv
- ---------------------------------------------
Subject to and except as disclosed by the Company in Exhibit B hereto
---------
(the "Schedule of Exceptions"), the Company hereby represents and warrants to
----------------------
each Purchaser as follows:
3.1 Organization and Standing. The Company is a corporation duly
-------------------------
organized, validly existing, and in good standing under the laws of the State of
California. The Company has the requisite corporate power to own and operate its
properties and assets, and to carry on its business as presently conducted and
as proposed to be conducted. The Company is not qualified to do business as a
foreign corporation in any jurisdiction and such qualification is not presently
required. The Company has delivered to special counsel for the Purchasers copies
of its Articles of Incorporation and Bylaws, as amended. Said copies are true,
correct and complete and contain all amendments through the date of this
Agreement, and will be true, correct and complete on the Closing Date.
3.2 Corporate Power. The Company has all requisite legal and corporate
----------------
power to execute and deliver this Agreement and the Registration Rights
Agreement (as defined in Section 5.6), to sell and issue the Shares hereunder
and to carry out and perform its obligations under the terms of this Agreement
and the Registration Rights Agreement.
3.3 Capitalization. The authorized capital stock of the Company
---------------
consists of (or will consist of prior to the Closing) 21,300,000 shares of
Common Stock (the "Common Stock"), of which 2,398,846 shares are issued and
------------
outstanding, and 10,850,000 shares of Preferred Stock, of which 2,850,000 shares
have been designated "Series A Preferred Stock", 2,783,750 of which are issued
and outstanding, 3,200,000 of which have been designated "Series B Preferred
Stock," 3,025,000 of which are issued and outstanding, 3,500,000 of which have
been designated "Series C Preferred Stock," 3,210,000 of which are issued and
outstanding, and 1,300,000 of which have been designated "Series D Preferred
Stock," none of which are issued or outstanding immediately prior to the
Closing. At the Closing, the rights, restrictions, privileges and preferences of
the Series D Preferred will be as stated in the Restated Articles. All issued
and outstanding shares have been duly authorized and validly issued, are fully
paid and nonassessable and were issued in compliance with all applicable federal
and state securities laws. The Company has a total of 2,560,500 shares of Common
Stock reserved for issuance pursuant to its 1990 Stock Option Plan and 1990
Stock Purchase Plan. Of these, options for 213,721 shares of Common Stock have
been exercised and the shares are included in the total number of shares of
Comanon Stock outstanding. Options to purchase 2,064,381 shares of Common Stock
are outstanding under the 1990 Stock Option Plan and no shares have been issued
under the 1990 Stock Purchase Plan. The Company also has outstanding warrants to
purchase 42,500 shares of its Series B Preferred Stock and warrants to purchase
27,000 shares of its Series C Preferred Stock. Except as set forth in this
Section and the Schedule of Exceptions, there are no preemptive or other
outstanding rights, options, warrants, conversion rights or agreements for the
purchase or acquisition from the Company of any shares of its capital stock or
other securities of the Company. Attached hereto as Exhibit C is an accurate
---------
list of the holders of the Company's
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<PAGE>
outstanding capital stock, and securities convertible into or exercisable for
such capital stock, as of the date of this Agreement and as of the Closing Date.
3.4 Authorization. All corporate action on the part of the Company, its
-------------
directors and shareholders necessary for the sale and issuance of the Shares
(and the Common Stock issuable upon conversion thereof) and the performance of
the Company's obligations hereunder and under the Registration Rights Agreement,
and the reservation of the Common Stock issuable upon conversion of the Shares,
has been taken or will be taken prior to the Closing. This Agreement and the
Registration Rights Agreement are valid and binding obligations of the Company,
enforceable in accordance with their respective terms, subject to laws of
general application relating to bankruptcy, insolvency and the relief of
debtors, rules of law governing equitable remedies, and limitations of public
policy as applied to Section 9 of the Registration Rights Agreement. The Shares
(and the Common Stock issuable upon conversion thereof), when issued in
compliance with the provisions of this Agreement, will be validly issued, fully
paid and nonassessable, and will be free of any liens or encumbrances; provided,
however, that the Shares (and the Common Stock issuable upon conversion thereof)
may be subject to restrictions on transfer under state and/or federal securities
laws as set forth herein, and will be subject to a right of first refusal set
forth in the Company's Bylaws. Except as contemplated herein, the Shares (and
the Common Stock issuable upon conversion thereof) are not subject to any
preemptive rights or rights of first refusal.
3.5 Financial Information. Attached to this Agreement as Exhibit D is
--------------------- ---------
the Company's audited balance sheets as of, and audited statements of income and
statements of cash flows for the years ending, December 31, 1993 and December
31, 1994, as well as an unaudited balance sheet of the Company dated June 30,
1995 (the "Balance Sheet Date") and an unaudited statement of income for the six
------------------
month period ending June 30, 1995. Such financial statements are hereafter
collectively referred to as the "Financial Statements". The Financial Statements
--------------------
(i) are in accordance with the books and records of the Company, (ii) present
fairly the financial condition of the Company at the dates therein indicated and
the results of operations and cash flows for the periods therein specified, and
(iii) have been prepared in accordance with generally accepted accounting
principles applied on a consistent basis, except that the unaudited financial
statements do not include footnotes or interim or year-end adjustments. The
Company has no liabilities, contingent or otherwise, that are not disclosed in
the Financial Statements other than (i) liabilities incurred in the ordinary
course of business, none of which are material, and (ii) obligations under
contracts and commitments incurred in the ordinary course of business, that are
not required to be reflected in the Financial Statements under generally
accepted accounting principles. The Company will maintain a standard system of
accounting established and administered in accordance with generally accepted
accounting principles.
3.6 Changes. Since the Balance Sheet Date, there has not been:
--------
(a) any change in the assets, liabilities, financial condition or
operating results of the Company from that reflected in the Financial
Statements, except changes in the ordinary course of business which have not
been, in the aggregate, materially adverse;
(b) any damage, destruction or loss, whether or not covered by
insurance, materially and adversely affecting the assets, properties, financial
condition, operating results,
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prospects or business of the Company (as such business is presently conducted
and as it is proposed to be conducted);
(c) any waiver by the Company of a valuable right or of a material debt
owed to it;
(d) any satisfaction or discharge of any lien, claim or encumbrance or
payment of any obligation by the Company, except in the ordinary course of
business and which is not material to the assets, properties, financial
condition, operating results or business of the Company (as such business is
presently conducted and as it is proposed to be conducted);
(e) any material change or amendment to a material contract or
arrangement by which the Company or any of its assets or properties is bound or
subject, except for changes or amendments which are expressly provided for or
disclosed in this Agreement or its exhibits;
(f) any material change in any compensation arrangement or agreement
with any employee; or
(g) to the Company's knowledge, any other event or condition of any
character which might materially and adversely affect the assets, properties,
financial condition, operating results or business of the Company (as such
business is presently conducted and as it is proposed to be conducted).
3.7 Title to Properties and Assets; Liens, etc. The Company has good
------------------------------------------
and marketable title to all of its properties and assets, in each case subject
to no mortgage, pledge, lien, lease, encumbrance or charge, other than (i) the
lien of current taxes not yet due and payable, and (ii) possible minor liens and
encumbrances which do not in any case materially detract from the value of the
property subject thereto or materially impair the operations of the Company, and
which have not arisen otherwise than in the ordinary course of business. With
respect to the property and assets it leases, the Company is in compliance with
such leases and, to the best of its knowledge, holds a valid leasehold interest
free of any liens, claims or encumbrances, subject to (i) and (ii) above.
3.8 Patents, Trademarks, and Trade Secrets. There are no pending or
--------------------------------------
threatened claims against the Company alleging that the conduct of the Company's
business infringes or conflicts with the rights of others under patents,
trademarks, copyrights, trade secrets or other intellectual property rights
("Intellectual Property Rights"). To the best of the Company's knowledge, the
Company's business as now conducted and as proposed to be conducted will not
infringe or conflict with the rights of others, including Intellectual Property
Rights, and the Company owns or possesses (including licenses thereto) all the
Intellectual Property Rights necessary for the operation of its business as now
conducted. The Company is not aware of any violation by a third party of any of
the Company's Intellectual Property Rights.
3.9 Compliance with Other Instruments, None Burdensome, etc. The
-------------------------------------------------------
Company is not in violation of any term of its Articles of Incorporation, or
Bylaws, or of any term contained in any instrument or contract to which it is a
party the damages arising from which violation could exceed, individually or in
the aggregate, $50,000, and to the best of its knowledge is not in violation of
any order, statute, rule or regulation applicable to the Company. No event or
failure
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<PAGE>
of performance has occurred which, with the passage of time or the giving of
notice or both, would constitute such a violation. Neither the execution,
delivery and performance of this Agreement or the Registration Rights
Agreement, nor the issuance of the Shares or the Common Stock issuable upon
conversion thereof, will result in any such violation or be in conflict with or
constitute a default under any such term, or result in the creation of any
mortgage, pledge, lien, encumbrance or charge upon any of the properties or
assets of the Company; and there is no such violation or default, nor any such
term, which materially and adversely affects the business of the Company as
presently conducted or as proposed to be conducted, or any of its properties or
assets.
3.10 Litigation, etc. No action, suit, proceeding or investigation is
---------------
pending or threatened by the Company, nor is there any basis therefor. No
action, suit, proceeding or investigation is pending or threatened against the
Company, nor, to the best of the Company's knowledge, is there any significant
basis therefor, which questions the validity of this Agreement or the
Registration Rights Agreement or the right of the Company to enter into them, or
which might result, either individually or in the aggregate, in any material
adverse change in the assets, condition, affairs or prospects of the Company,
financial or otherwise, or which might result, either individually or in the
aggregate, in any material impairment of the right or ability of the Company to
carry on its business as now conducted or as proposed to be conducted, nor is
there any litigation pending or threatened, or, to the best of the Company's
knowledge, any significant basis therefor, against the Company, by reason of the
past employment relationships of any employee of the Company, activities or
proposed activities of the Company, or negotiations by the Company with possible
backers of, or investors in, the Company or its proposed business.
3.11 Registration Rights. Except as set forth in the Registration
--------------------
Rights Agreement, the Company is not under any obligation to register any of its
presently outstanding securities or any of its securities which may hereafter be
issued.
3.12 Governmental Consent, etc. No consent, approval or authorization
--------------------------
of, or designation, declaration or filing with, any governmental authority on
the part of the Company is required in connection with the valid execution and
delivery of this Agreement or the Registration Rights Agreement, or the offer,
sale or issuance of the Shares (or of the Common Stock issuable upon conversion
thereof) or the consummation of any other transaction contemplated by this
Agreement, except (i) the filing of the Restated Articles with the Secretary of
State of the State of California, which filing will have been made and be
effective on the Closing Date, and (ii) the filing of a Notice with the
California Commissioner of Corporations pursuant to Section 25102(f) of the
California Corporations Code within fifteen (15) days of the Closing (covering
the sale of the Shares).
3.13 Offering. Based in part on the representations of the Purchasers
---------
set forth in Section 4 hereof and in written responses to the Company's
inquiries, if any, the offer, sale and issuance of the Shares (and the Common
Stock issuable upon conversion thereof) in conformity with the terms of this
Agreement constitute transactions exempt from the registration requirements of
Section 5 of the Securities Act of 1933, as amended (the "Securities Act").
3.14 Disclosure. No representation or warranty by the Company contained
----------
in this Agreement, nor any certificate furnished to the Purchasers on the
Closing Date pursuant hereto
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<PAGE>
by the Company, when read together, contains any untrue statement of a material
fact. The information furnished by the Company to the Purchasers in connection
with this offering, both orally and in writing, considered together, does not
omit to state a material fact necessary to make such information not
misleading in light of the circumstances under which it was furnished.
Notwithstanding the foregoing, with respect to projections and forecasts, the
Company represents only that such projections and forecasts were prepared in
good faith and on what the Company believes is a reasonable basis.
3.15 Contracts and Other Commitments. Except as set forth on Exhibit E,
------------------------------- -------
the Company does not have any contract, agreement, lease, or other commitment,
written or oral, absolute or contingent, other than (i) contracts for the
purchase of supplies and services that were entered into in the ordinary and
usual course of business, that do not involve any of the Company's officers,
directors or affiliates (as that term is defined in Rule 405 under the
Securities Act of 1933, as amended), that do not involve more than $50,000, and
do not extend for more than one year beyond the date hereof, (ii) contracts
terminable at will by the Company on no more than 30 days' notice without cost
or liability to the Company, and (iii) contracts for the license and sale of the
Company's products to customers pursuant to agreements in substantially the form
of the Software License and Service Purchase Agreement provided to special
counsel to the Purchasers. For the purpose of this section, employment contracts
shall not be considered to be contracts entered into in the ordinary and usual
course of business.
3.16 Subsidiaries and Other Equity Interests. The Company does not
----------------------------------------
presently own or control, directly or indirectly, any other corporation,
association or business entity. The Company is not a participant in any joint
venture or partnership.
3.17 Manufacturing Rights. The Company has not granted rights to
--------------------
manufacture, assemble or sell its products to any other person and is not bound
by any agreement which affects the Company's exclusive right to manufacture,
assemble or sell its products.
3.18 Transactions with Principals. No employee, shareholder, officer or
----------------------------
director of the Company or their spouses or children is indebted to the Company,
nor is the Company indebted to any of them. To the best of the Company's
knowledge, no such person is, directly or indirectly, interested in any contract
with the Company which is material to the Company.
3.19 Taxes. The Company has accurately prepared and timely filed all
-----
income tax returns and other tax returns which are required to be filed, and has
paid, or made provisions for the payment of, all taxes which have or may have
become due pursuant to said returns or pursuant to any assessment which has been
received by it. No federal or state income or sales tax returns of the Company
has been audited, no deficiency assessment or proposed adjustment of the
Company's United States income tax, state or municipal taxes or sales taxes is
pending and the Company has no knowledge of any proposed liability for any tax
to be imposed on its property or assets. The provisions for taxes reflected in
the Financial Statements are adequate for all taxes (federal, state and local)
for the periods ending on the dates of such financial statements.
3.20 Brokerage. There are no valid claims for brokerage commissions,
----------
finders' fees or similar compensation in connection with the transactions
contemplated by this Agreement based on any arrangement or agreement made by or
on behalf of the Company, and the Company will
136
<PAGE>
indemnify and hold the Purchasers harmless against any liability or expense
arising out of, or in connection with, any such claim.
3.21 Insurance. The Company has fire and casualty insurance policies,
----------
with extended coverage, sufficient in amount to allow it to replace any of its
properties which might be damaged or destroyed.
3.22 Employees: Employee Compensation. There are no controversies or
---------------------------------
labor troubles or union organization activities pending or, to the best
knowledge of the Company, threatened, between it and its employees. None of the
Company's employees belong to any union or collective bargaining unit. All
technical employees, other key employees and officers of the Company have signed
Invention Assignment and Proprietary Information Agreements with the Company in
substantially the form previously delivered to special counsel to the
Purchasers. To the best of its knowledge the Company has complied with all
applicable state and federal equal employment opportunity and other laws related
to employment. To the best of the Company's knowledge, no employee of the
Company is or will be in violation of any judgment, decree or order, or any term
of any employment contract, patent disclosure agreement or other contract or
agreement relating to the relationship of any such employee with the Company or
any other party because of the nature of the business conducted or to be
conducted by the Company or to the utilization by the employee of his or her
best efforts with respect to such business. The Company is not party to or bound
by any currently effective employment contract, deferred compensation agreement,
bonus plan, incentive plan, profit sharing plan, retirement agreement, or other
employee compensation agreement except as set forth on Exhibit E.
3.23 Real Property Holding Corporation. The Company is not a "United
----------------------------------
States real property holding corporation" (as that term is defined in Treasury
Regulation Section 1.8972-(b)). If at any time in the future the Company shall
become a "United States real property holding corporation," the Company shall,
as promptly as practicable, notify each Purchaser. Within 30 days after receipt
of a request from a foreign investor, the Company shall prepare and deliver to
such foreign investor the statement required under Treasury Regulation Section
1.8972-(h)(1)(iv)(A) and either or both of the following documents: (i) an
affidavit in conformance with the requirements of Internal Revenue Code of 1986,
as amended ("IRC"), Section 1445(b)(3), or (ii) a notarized statement, executed
by an officer having actual knowledge of the facts, that the shares of Company
stock held by such foreign investor are of a class that is regularly traded on
an established securities market, within the meaning of IRC Section 1445(b)(6).
If the Company is unable to provide either documents described in (i) or (ii)
above, if requested, it shall promptly notify such foreign investor in writing
of the reasons for such inability. Finally, upon the request of a foreign
investor and without regard to whether either documents described in (i) or (ii)
above has been requested, the Company shall cooperate fully with the efforts of
such foreign investor to obtain a "qualifying statement," within the meaning of
IRC Section 1445(b)(4), or such other documents as would excuse a transferee of
a foreign investor's interest from withholding of income tax imposed pursuant to
IRC Section 897(a).
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<PAGE>
SECTION 4
Investment Representation
-------------------------
Each Purchaser hereby represents and warrants to the Company with
respect to this purchase as follows:
4.1 Experience. It is experienced in evaluating and investing in high
----------
technology companies such as the Company. It has substantial experience in
investing in and evaluating private placement transactions of securities in
companies similar to the Company so that it is capable of evaluating the risks
and merits of its investment in the Company and has the capacity to protect its
own interests.
4.2 Investment. It is acquiring the Shares for investment for its own
-----------
account and not with a view to, or for resale in connection with, any
distribution thereof, and it has no present intention of selling or distributing
the Shares or any of the Common Stock into which the Shares are convertible. It
understands that the Shares (and the Common Stock into which the Shares are
convertible) have not been registered under the Securities Act by reason of a
specific exemption from the registration provisions of the Securities Act which
depends upon, among other things, the bona fide nature of the investment intent
as expressed herein.
4.3 Rule 144. It acknowledges that, because they have not been
---------
registered under the Securities Act, the Shares (and the Common Stock into which
the Shares are convertible) must be held indefinitely unless subsequently
registered under the Securities Act or an exemption from such registration is
available. It is aware of the provisions of Rule 144 promulgated under the
Securities Act, which permits limited resale of shares purchased in a private
placement subject to the satisfaction of certain conditions, including, among
other things, the resale occurring not less than two years and often three years
after a party has purchased and paid for the securities to be sold.
4.4 No Public Market. It understands that no public market now exists
-----------------
for any of the securities issued by the Company and that the Company is
uncertain whether a public market will ever exist for the Shares or for the
Common Stock into which the Shares are convertible.
4.5 Access to Data. It has had an opportunity to discuss the Company's
--------------
business, management and financial affairs with its management and to obtain any
additional information necessary to verify the accuracy of the information given
to it.
4.6 Accredited Investor. Each Purchaser represents that it is an
--------------------
"accredited investor," as such term is defined in Rule 501(a) of Regulation D of
the Securities Act.
SECTION 5
Conditions to Purchasers' Obligations at Closinq
------------------------------------------------
The Purchasers' obligation to purchase the Shares at the Closing is
subject to the fulfillment on or prior to the Closing Date of all of the
conditions set forth below in this Section 5.
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<PAGE>
5.1 Representations and Warranties Correct. The representations and
--------------------------------------
warranties made by the Company in Section 3 hereof shall be true and correct
when made, and shall be true and correct on the Closing Date.
5.2 Covenants. All covenants, agreements and conditions contained in
---------
this Agreement to be performed by the Company on or prior to the Closing Date
shall have been performed or complied with in all material respects.
5.3 Opinion of Company's Counsel. At the Closing the Purchasers shall
----------------------------
have received from Fenwick & West, counsel to the Company, a favorable opinion
addressed to them, dated the Closing Date, in the form attached hereto as
Exhibit F.
- ----------
5.4 Restated Articles of Incorporation. The Restated Articles shall
----------------------------------
have been filed with the Secretary of State of the State of California.
5.5 Compliance Certificate. The Company shall have delivered to the
----------------------
Purchasers a certificate, executed by the President of the Company, dated the
Closing Date, certifying to the fulfillment of the conditions specified in
Sections 5.1, 5.2 and 5.4 of this Agreement.
5.6 Registration Rights Agreement. The Company, the holders of a
-----------------------------
majority of the "Registrable Shares" (as defined in that certain Amended and
Restated Registration Rights Agreement dated November l9, 1992 by and between
the Company and those persons listed on Exhibit A thereto), and the Purchasers
shall have entered into a Second Amended and Restated Registration Rights
Agreement in substantially the form attached hereto as Exhibit G (the
---------
"Registration Rights Agreement").
- ------------------------------
5.7 Proceedings and Documents. All corporate and other proceedings in
-------------------------
connection with the transactions contemplated at the Closing hereby and all
documents and instruments incident to such transactions shall be reasonably
satisfactory in substance and form to the Purchasers and their special counsel,
and the Purchasers and their special counsel shall have reviewed all such
counterpart originals or certified or other copies of such documents as they may
reasonably request.
5.8 Minimum Investment. The Purchasers collectively shall be purchasing
------------------
a minimum of 800,000 Shares at the Closing.
SECTION 6
Conditions to Company's Obligations at Closing
----------------------------------------------
The Company's obligations to sell the Shares at the Closing is subject
to the fulfillment on or prior to the Closing Date of all of the following
conditions:
6.1 Representations Correct. The representations made by the Purchasers
-----------------------
in Section 4 hereof shall be true and correct when made, and shall be true and
correct on the Closing Date.
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<PAGE>
6.2 Amendment of Articles of Incorporation. The Restated Articles
--------------------------------------
setting forth the rights, preferences and privileges of the Series D Preferred
Stock shall have been filed with the Secretary of State of the State of
California.
6.3 Minimum Investment. The Purchasers collectively shall be purchasing
------------------
a minimum of 800,000 Shares at the Closing.
SECTION 7
Affirmative Covenants of the Company
------------------------------------
Notwithstanding any provision of the Company's Bylaws regarding
delivery or nondelivery of financial information to shareholders of the Company,
the Company hereby covenants and agrees as follows:
7.1 Basic Financial Information. The Company will furnish the following
---------------------------
reports to each Purchaser for so long as it is a holder of at least 70,000
Shares of Series D Preferred Stock (or an equivalent number of shares of Series
D Preferred and/or Common Stock issued upon conversion of Series D Preferred
Stock):
(a) As soon as practicable after the end of each fiscal year, and in
any event within 90 days thereafter, a consolidated balance sheet of the Company
and its subsidiaries, if any, as of the end of such fiscal year, and a
consolidated statement of income and a consolidated statement of cash flow of
the Company and its subsidiaries, if any, for such year, prepared in accordance
with generally accepted accounting principles and setting forth in each case in
comparative form the figures for the previous fiscal year, all in reasonable
detail and certified by independent public accountants of recognized national
standing selected by the Company.
(b) As soon as practicable after the end of the first, second and third
quarterly accounting periods in each fiscal year of the Company, and in any
event within 45 days thereafter, an unaudited consolidated balance sheet of the
Company and its subsidiaries, if any, as of the end of each such quarterly
period, and an unaudited consolidated statement of income, retained earnings,
and cash flows of the Company and its subsidiaries, if any, for such period and
for the current fiscal year to date, prepared in accordance with generally
accepted accounting principles, with the exception that no notes need be
included with such statements and interim and year-end adjustments need not
have been made. Said financial statements shall be signed by an officer of the
Company who shall state that such financial statements are in accordance with
generally accepted accounting principles, with the exception that no notes have
been attached to such statements and interim and year-end adjustments have not
been made.
7.2 Additional Information.
----------------------
(a) As long as a Purchaser holds at least 300,000 shares of the Series
D Preferred (or an equivalent number of shares of Series D Preferred and/or
Common Stock issued upon conversion of the Series D Preferred), the Company will
deliver to such Purchaser the following reports:
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<PAGE>
(i) As soon as practicable after the end of each month, and in any
event within 30 days thereafter, consolidated balance sheets of the Company and
its subsidiaries, if any, at the end of such month, and consolidated statements
of income and, if requested by holders of a majority of the Series D Preferred
Stock, cash flow, for each month and for the current year to date, prepared in
accordance with generally acceptable accounting principles, with the exception
that no notes need be included with such statements and interim and year-end
adjustments need not have been made, together with a comparison of such
statements to the Company's operating plan then in effect and approved by its
Board of Directors;
(ii) Within 30 days of the end of each fiscal year, an operating plan
for the upcoming fiscal year; and
(iii) Any material amendments or changes to the Company operating plan
promptly following any such amendments or changes, and in any event within 30
days of the date thereof.
(b) For so long as a Purchaser is eligible to receive such reports, it
shall have the right to visit and inspect any of the properties of the Company
or any of its subsidiaries, and to discuss their affairs, finances and accounts
with their officers, all at such reasonable times and as often as may be
reasonably requested.
7.3 Assignment of Rights to Information. The rights granted pursuant to
-----------------------------------
Sections 7.1 and 7.2 may not be assigned or otherwise conveyed by the Purchaser
or by any subsequent transferee of any such rights without the written consent
of the Company, which consent shall not be unreasonably withheld; provided that
--------
the Company may refuse such written consent if the proposed transferee is a
competitor of the Company.
7.4 Key Man Insurance. The Company shall use its best efforts to obtain
-----------------
and maintain in effect until at least September l, 1996, term life insurance
policies on the lives of Jeffrey Crowe and Charles Jolissaint, in each case in
an amount of at least $1,000,000, with proceeds payable to the Company.
Additional term life insurance policies may be obtained on such other officers
of the Company, and in such amounts, as may be determined by the Company's
Board of Directors.
7.5 Confidentiality. Each Purchaser agrees that it will keep
---------------
confidential and will not disclose or divulge any confidential, proprietary or
secret information which such Purchaser may obtain from the Company, and which
is prominently marked "confidential", "proprietary" or "secret", pursuant to
financial statements, reports and other materials submitted by the Company as
required hereunder, or pursuant to visitation or inspection rights granted
hereunder unless such information is known, or until such information becomes
known, to the public, or unless the Company gives its written consent to the
Purchaser's release of such information, except that no such written consent
shall be required (and Purchaser shall be free to release such information) if
such information is to be provided to Purchaser's lawyer or accountant, or to an
officer, director or general partner of a Purchaser provided that each such
person agrees to keep such information confidential pursuant to the terms of
this Section 7.5.
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<PAGE>
7.6 Issuance of Common Stock to Employees. The Company covenants that,
-------------------------------------
without the prior written consent of holders of at least a majority of the
Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and
Series D Preferred Stock, voting together, it shall not issue common stock to
employees, officers or consultants (i) after the Closing Date in excess of the
2,660,500 shares reserved for issuance to such persons at the Closing Date; (ii)
without a right to repurchase unvested shares at cost on termination of
employment or service for any reason or no reason in the amounts, and on the
occurrence of events, specified by the Board of Directors; provided, that in the
--------
case of employees, unvested shares shall vest (or cease to be so repurchaseable)
on a five (5) year schedule which shall provide for the vesting of 20% of the
shares after one year and l/60th of the shares issued per month thereafter or on
a four (4) year schedule which shall provide for the vesting of 25% of the
shares after one year and 1/48th of the shares issued per month thereafter; and
provided further, that the requirements of this subparagraph may be satisfied
- --------
with respect to shares issuable upon exercise of stock options by the inclusion
of substantially identical vesting provisions in such stock options as a
condition of their exercise; and provided further, that the vesting terms may be
--------
modified with the approval of 75% of the members of the Board of Directors; or
(iii) without entering into a market stand-off agreement with holders of 1% or
more of the stock of the Company substantially incorporating the provisions of
Section 12 of the Registration Rights Agreement.
SECTION 8
Miscellaneous
-------------
8.1 Governing Law. This Agreement shall be governed by and construed in
-------------
accordance with the laws of the State of California applicable to contracts
between California residents entered into and to be performed entirely within
the State of California.
8.2 Survival. The representations, warranties, covenants and agreements
--------
made herein shall survive any investigation made by any Purchaser and the
closing of the transactions contemplated hereby.
8.3 Successors and Assigns. Except as otherwise provided herein, the
----------------------
provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties hereto.
8.4 Entire Agreement; Amendment. This Agreement and the other documents
---------------------------
delivered pursuant hereto constitute the full and entire understanding and
agreement between the parties with regard to the subjects hereof and thereof.
Any term of this Agreement may be amended and the observance of any term of this
Agreement may be waived (either generally or in a particular instance and either
retroactively or prospectively), with the written consent of the Company and the
holders of at least a majority of the outstanding Shares (including, for such
purposes, on a proportional basis, any shares of Common Stock into which any of
the Shares have been converted that have not been sold to the public). Any
amendment or waiver effected in accordance with this Section shall be binding
upon each holder of any securities purchased under this Agreement at the time
outstanding (including securities into which such securities have been
converted), each future holder of all such securities, and the Company.
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8.5 Effect of Amendment or Waiver. Each Purchaser acknowledges that by
-----------------------------
the operation of Section 8.4 hereof the holders of a majority of the outstanding
Shares (and Common Stock issued upon conversion thereof) will have the right
and power to diminish or eliminate all rights of such Purchaser under this
Agreement.
8.6 Rights of Purchasers. Each holder of the Shares (and Common Stock
--------------------
issued upon conversion thereof) shall have the absolute right to exercise or
refrain from exercising any right or rights that such holder may have by reason
of this Agreement or the Shares, including without limitation the right to
consent to the waiver of any obligation of the Company under this Agreement and
to enter into an agreement with the Company for the purpose of modifying this
Agreement or any agreement effecting any such modification, and such holder
shall not incur any liability to any other holder or holders of the Shares with
respect to exercising or refraining from exercising any such rights or rights.
8.7 Exculpation Among Purchasers. Each Purchaser acknowledges that it
----------------------------
is not relying upon any person, firm, or corporation, other than the Company, in
making its investment or decision to invest in the Company. Each Purchaser
agrees that no Purchaser, nor the respective controlling person, officers,
directors, partners, agents, or employees of any Purchaser, shall be liable for
any action heretofore or hereafter taken or omitted to be taken by any of them
in connection with the Shares (and Common Stock issued upon conversion thereof).
8.8 Notices, etc. All notices and other communications required or
------------
permitted hereunder shall be in writing and shall be mailed by first-class mail,
postage prepaid, or otherwise delivered by hand or by messenger, addressed (a)
if to a Purchaser, at such Purchaser's address set forth in the Schedule of
Purchasers, or at such other address as such Purchaser shall have furnished to
the Company in writing, or, until any such holder so furnishes an address to the
Company, then to and at the address of the last holder of such Shares who has so
furnished an address to the Company, or (b) if to the Company, at 2840 San Tomas
Expressway, Santa Clara, California, 95051, or at such other address as the
Company shall have furnished to each Purchaser and each such other holder in
writing and shall be deemed to have been received (a) upon delivery if delivered
by hand or by messenger, or (b) five (5) days after mailing, if mailed.
8.9 Delays or Omissions. No delay or omission to exercise any right,
--------------------
power or remedy accruing to any holder of any Shares, upon any breach or default
of the Company under this Agreement, shall impair any such right, power or
remedy of such holder nor shall it be construed to be a waiver of any such
breach or default, or an acquiescence therein, or of or in any similar breach or
default thereunder occurring; nor shall any waiver of any single breach or
default be deemed a waiver of any other breach or default theretofore or
thereafter occurring. Any waiver, permit, consent or approval of any kind or
character on the part of any holder of any breach or default under this
Agreement, or any waiver on the part of any holder of any provisions or
conditions of this Agreement, must be in writing and shall be effective only to
the extent specifically set forth in such writing. All remedies, either under
this Agreement, or by law or otherwise afforded to any holder, shall be
cumulative and not alternative.
143
<PAGE>
8.10 California Corporate Securities Law. THE SALE OF THE SECURITIES
-----------------------------------
WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFED WITH THE
COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF SUCH
SECURITES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR
PRIOR TO SUCH QUALIFICATION OR IN THE ABSENCE OF AN EXEMPTION FROM SUCH
QUALIFICATION IS UNLAWFUL. THE RIGHTS OF ALL PARTES TO THIS AGREEMENT ARE
EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED OR AN EXEMPTION
FROM SUCH QUALIFICATION BEING AVALABLE.
8.11 Expenses. The Company and each Purchaser shall bear its own
--------
expenses and legal fees incurred on its behalf with respect to this Agreement
and the transactions contemplated hereby; however, the Company will pay the
reasonable legal fees (up to a maximum amount of $12,000) and out-of-pocket
expenses of Wilson, Sonsini, Goodrich & Rosati, P.C., special counsel to the
Purchasers.
8.12 Counterparts. This Agreement may be executed in any number of
------------
counterparts, each of which may be executed by less than all of the Purchasers,
each of which shall be enforceable against the parties actually executing such
counterparts, and all of which together shall constitute one instrument.
8.13 Severability. In the case any provision of this Agreement shall be
------------
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.
8.14 Gender. The use of the neuter gender herein shall be deemed to
-------
include the masculine and the feminine gender, if the context so requires.
8.15 Aggregation of Stock. All Shares held or acquired by affiliated
--------------------
entities or persons shall be aggregated together for the purpose of determining
the availability of any rights under this Agreement.
144
<PAGE>
The foregoing Agreement is hereby executed as of the date first above written.
EDIFY CORPORATION
By: /s/ Jeffrey Crowe
-----------------
Jeffrey Crowe
President
PURCHASERS:
BRIDGE STREET FUND 1995, L.P.
By:
-----------------
- -----------------
Michael S. Dell
GLYNN VENTURES III, a California
limited partnership
By:
- -----------------
SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT
The foregoing Agreement is hereby executed as of the date first above written.
EDIFY CORPORATION
By:
-----------------
Jeffrey Crowe
President
PURCHASERS:
BRIDGE STREET FUND 1995, L.P.
By Stone Street Value Corp, Managing General Partner
By: /s/
-----------------
- -----------------
Michael S. Dell
GLYNN VENTURES III, a California
limited partnership
By:
-----------------
SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT
The foregoing Agreement is hereby executed as of the date first above written.
EDIFY CORPORATION
By:
-----------------
Jeffrey Crowe
President
PURCHASERS:
BRIDGE STREET FUND 1995, L.P.
By:
-----------------
/s/ Michael S. Dell
- -------------------
Michael S. Dell
GLYNN VENTURES III, a California
limited partnership
By:
-----------------
SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT
The foregoing Agreement is hereby executed as of the date first above written.
EDIFY CORPORATION
By:
-----------------
Jeffrey Crowe
President
PURCHASERS:
BRIDGE STREET FUND 1995, L.P.
By:
-----------------
- -----------------
Michael S. Dell
GLYNN VENTURES III, A California
limited partnership
By: /s/
-----------------
SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT
145
<PAGE>
GS CAPITAL PARTNERS II, L.P.
By: GS Advisors II, L.P. its General Partner
By: GS Adivisors II, Inc., its General Partner
By: /s/ Richard A. Friedman
-------------------------------
Richard A. Friedman, President
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: /s/ Richard A. Friedman
-------------------------------
GS CAPITAL PARTNERS II (GERMANY)
CIVIL LAW PARTNERSHIP
By: /s/ Richard A. Friedman
-------------------------------
SCHUSTER REVOCABLE TRUST
DATED FEBRUARY 10, 1995
By:
-------------------------------
STONE STREET FUND l995, L.P.
By: /s/ Richard A. Friedman
-------------------------------
SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT
GS CAPITAL PARTNERS II, L.P.
By: /s/ Richard A. Friedman
-------------------------------
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: GS Advisors II (Cayman), L.P., its General Partner
By: GS Advisors II, Inc., its General Partner
By: /s/ Richard A. Friedman
-------------------------------
Richard A. Friedman, President
GS CAPITAL PARTNERS II (GERMANY)
CIVIL LAW PARTNERSHIP
By: /s/ Richard A. Friedman
-------------------------------
SCHUSTER REVOCABLE TRUST
DATED FEBRUARY 10, 1995
By:
-------------------------------
STONE STREET FUND 1995, L.P.
By: /s/ Richard A. Friedman
-------------------------------
SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT
GS CAPITAL PARTNERS II, L.P.
By: /s/ Richard A. Friedman
-------------------------------
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: /s/ Richard A. Friedman
-------------------------------
GOLDMAN, SACHS & CO. VERWALTUNGS GmbH
By: /s/ Richard A. Friedman and By: /s/
------------------------------- -----------------------------
Managing Director Registered Agent
SCHUSTER REVOCABLE TRUST
DATED FEBRUARY 10, 1995
By:
------------------------------
STONE STREET FUND 1995, L.P.
By: /s/ Richard A. Friedman
-------------------------------
SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT
GS CAPITAL PARTNERS II, L.P.
By:
-------------------------
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By:
-------------------------
GS CAPITAL PARTNERS II (GERMANY)
CIVIL LAW PARTNERSHIP
By:
-------------------------
SCHUSTER REVOCABLE TRUST
DATED FEBRUARY 10, 1995
By: /s/ Stewart A. Schuster
-------------------------
STONE STREET FUND 1995, L.P.
By:
-------------------------
SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT
GS CAPITAL PARTNERS II, L.P.
By: /s/ Richard A. Friedman
-------------------------------
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: /s/ Richard A. Friedman
-------------------------------
GS CAPITAL PARTNERS II (GERMANY)
CIVIL LAW PARTNERSHIP
By: /s/ Richard A. Friedman
-------------------------------
SCHUSTER REVOCABLE TRUST
DATED FEBRUARY 10, 1995
By:
-------------------------------
STONE STREET FUND 1995, L.P.
By: Stone Street Value Corp., its General Partner
By: /s/ Richard A. Friedman
-------------------------------
SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT
146
<PAGE>
SCHEDULE OF PURCHASES
---------------------
Number of Series D Cash
Purchaser Name and Address Preferred Shares Purchase Price
- -------------------------- ---------------- --------------
Bridge Street Fund 1995, L.P. 50,987 $344,162.25
c/o Goldman, Sachs & Company
85 Broad Street
New York, NY 10004
Michael S. Dell 74,074 499,999.50
5309 Valburn Circle
Austin, TX 78731
Glynn Ventures III, a California 44,444 299,997.00
limited partnership
3000 Sand Hill Road
Bldg. 4, Suite 235
Menlo Park, CA 94025
GS Capital Partners II, L.P. 604,190 4,078,282.50
c/o Goldman, Sachs & Company
85 Broad Street
New York, NY 10004
GS Capital Partners II Offshore, L.P. 240,190 1,621,282.50
c/o Goldman, Sachs & Company
85 Broad Street
New York, NY 10004
GS Capital Partners II (Germany) 22,286 150,430.50
Civil Law Partnership
c/o Goldman, Sachs & Company
85 Broad Street
New York, NY 10004
Schuster Revocable Trust 10,000 67,500.00
Dated February 10, 1995
1858 Rockspring Place
Walnut Creek, CA 94586
Attn: Stewart A. Schuster and
Bette P. Schuster, Trustee
Stone Street Fund 1995, L.P. 45,310 305,842.50
c/o Goldman, Sachs & Company
85 Broad Street
New York, NY 10004
--------- -------------
1,091,481 $7,367,496.75
147
<PAGE>
EXHIBIT 4
EDIFY CORPORATION
Lock-Up Agreement
February 23, 1996
Goldman, Sachs & Co.
Robertson, Stephens & Company, L.P.
Hambrecht & Quist LLC
c/o Goldman, Sachs & Co.
85 Broad Street
New York, NY 10004
Re: Lock-up Agreement
Ladies and Gentlemen:
The undersigned understands that you, as representatives (the
"Representatives"), propose to enter into an Underwriting Agreement on behalf of
the several Underwriters named in on Schedule I to such agreement (collectively,
the "Underwriters"), with Edify Corporation (the "Company") providing for an
initial public offering of the Common Stock of the Company (the "Shares")
pursuant to a Registration Statement on Form S-l filed with the Securities and
Exchange Commission (the "SEC").
In consideration of the agreement by the Underwriters to offer and sell
the Shares, and of other good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged, the undersigned agrees, for a
period of 180 days following the date of the final Prospectus covering the
public offering of the Shares, that the undersigned will not sell, offer to
sell, contract to sell, grant any option to purchase, make any short sale or
otherwise dispose of any shares of Common Stock of the Company (other than
shares acquired in the offering or in the public market after the offering), or
any options or warrants to purchase any shares of Common Stock of the Company,
or any securities convertible into or exchangeable for shares of Common Stock of
the Company, whether now owned or hereinafter acquired, owned directly by the
undersigned or with respect to which the undersigned has beneficial ownership
within the rules and regulations of the SEC (collectively the "Undersigned's
Shares").
The foregoing restriction is expressly agreed to preclude the
undersigned from engaging in any hedging or other transaction which is designed
to or reasonably expected to lead to or result in a sale or disposition of the
Shares even if such Shares would be disposed of by someone other than the
undersigned. Such prohibited hedging or other transactions would include without
limitation any
148
<PAGE>
short sale or any purchase, sale or grant of any right (including without
limitation any put or call option) with respect to any of the Shares or with
respect to any security that includes, relates to or derives any significant
part of its value from such Shares.
Notwithstandng the foregoing, the undersigned may transfer the
Undersigned's Shares (i) as a bona fide gift or gifts, provided that the donee
---- ----
or donees thereof agree to be bound by the restrictions set forth herein, (ii)
to any trust for the direct or indirect benefit of the undersigned or the
immediate family of the undersigned, provided that the trustee of the trust
agrees to be bound by the restrictions set forth herein, and provided further
that any such transfer shall not involve a disposition for value, or (iii) with
the prior written consent of Goldman, Sachs & Co. on behalf of the Underwriters.
For purposes of this Lock-Up Agreement, "immediate family" shall mean any
relationship by blood, marriage or adoption, not more remote than first cousin.
In addition, notwithstanding the foregoing, if the undersigned is a corporation,
the corporation may transfer the capital stock of the Company to any wholly-
owned subsidiary of such corporation; provided, however, that in any such case,
it shall be a condition to the transfer that the transferee execute an agreement
stating that the transferee is receiving and holding such capital stock subject
to the provisions of this Agreement and there shall be no further transfer of
such capital stock except in accordance with this Agreement, and provided
further that any such transfer shall not involve a disposition for value. The
undersigned now has, and, except as contemplated by clause (i), (ii) or (iii)
above, for the duration of this Lock-Up Agreement will have, good and marketable
title to the Undersigned's Shares, free and clear of all liens, encumbrances and
claims whatsoever. The undersigned also agrees and consents to the entry of stop
transfer instructions with the Company's transfer agent and registrar against
the transfer of the Undersigned's Shares except in compliance with the foregoing
restrictions.
The undersigned understands that the Company and the Underwriters are
relying upon this Lock-Up Agreement in proceeding toward consummation of the
offering. The undersigned further understands that this Lock-Up Agreement is
irrevocable and shall be binding upon the undersigned's heirs, legal
representatives, successors and assigns.
Very truly yours,
Name of Shareholder: __________________
Signature: ___________________________
Title: ________________________________
149
<PAGE>
Exhibit 5
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated under the Securities Exchange Act
of 1934, the undersigned agree to the joint filing of a Statement on Schedule
13D (including any and all amendments thereto) with respect to the shares of
common stock, par value $.001 per share of Edify Corporation, and further agree
that this Joint Filing Agreement be included as an Exhibit thereto. In
addition, each party to this Agreement expressly authorizes each other party to
this Agreement to file on its behalf any and all amendments to such Statement.
May 13, 1996
GS CAPITAL PARTNERS II, L.P.
By: GS Advisors, L.P.,
its general partner
By: GS Advisors, Inc.,
its general partner
By: \s\ Richard A. Friedman
-----------------------
Name: Richard A. Friedman
Title: President
GS ADVISORS, L.P.
By: GS Advisors, Inc.
its general partner
By: \s\ Richard A. Friedman
--------------------------
Name: Richard A. Friedman
Title: President
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: GS Advisors II (Cayman), L.P.,
its general partner
By: GS Advisors II, Inc.,
its general partner
By: \s\ Richard A. Friedman
----------------------------
Name: Richard A. Friedman
Title: President
150
<PAGE>
GS ADVISORS II (CAYMAN), L.P.
By: GS Advisors II, Inc.,
its general partner
By: \s\ Richard A. Friedman
----------------------------
Name: Richard A. Friedman
Title: President
GS CAPITAL PARTNERS II (Germany) C.L.P.
By: Goldman, Sachs & Co. oHG,
its managing partner
By: Goldman, Sachs & Co.
Finanz GmbH, its managing
partner
By: \s\ Richard A. Friedman
----------------------------
Name: Richard A. Friedman
Title: Attorney-in-fact
GOLDMAN, Sachs & CO. oHG
By: Goldman, Sachs & Co.
Finanz GmbH, its managing
partner
By: \s\ Richard A. Friedman
----------------------------
Name: Richard A. Friedman
Title: Attorney-in-fact
GOLDMAN, Sachs & CO.
By: \s\ Richard A. Friedman
----------------------------
Name: Richard A. Friedman
Title: General Partner
THE GOLDMAN SACHS GROUP, L.P.
By: \s\ Richard A. Friedman
----------------------------
Name: Richard A. Friedman
Title: General Partner
151
