<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BackWeb Technologies Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Ordinary Shares
- --------------------------------------------------------------------------------
(Title of Class of Securities)
M15633106
- --------------------------------------------------------------------------------
(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)
June 11, 1999
- --------------------------------------------------------------------------------
(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 Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box: [ ]
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CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person or I.R.S. Identification No. of above Person
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF-OO
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
3,568,941
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
2
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10. Shared Dispostive Power
Person With
3,568,941
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,568,941
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
10.0%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
BD-PN-IA
- --------------------------------------------------------------------------------
3
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CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
The Goldman Sachs Group, Inc.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF-OO
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
3,568,941
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
4
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10. Shared Dispositive Power
Person With
3,568,941
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,568,941
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
10.0%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
HC-CO
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5
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CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GS Advisors, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF
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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
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
1,955,591
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
6
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10. Shared Dispositive Power
Person With
1,955,591
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,955,591
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
5.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
7
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CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GS Capital Partners II, L.P.
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2. Check the Appropriate Box if a Member of a Group (a) [___]
(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
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
1,955,591
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
8
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10. Shared Dispositive Power
Person With
1,955,591
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,955,591
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
5.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
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9
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CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GS Advisors II (Cayman), L.P.
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2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF
- --------------------------------------------------------------------------------
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 Islands
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
777,427
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
10
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10. Shared Dispositive Power
Person With
777,427
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
777,427
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
2.2%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
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11
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CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GS Capital Partners II Offshore, L.P.
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2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
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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 Islands
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
777,427
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
12
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10. Shared Dispositive Power
Person With
777,427
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
777,427
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
2.2%
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14. Type of Reporting Person
PN
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13
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================================================================================
CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Goldman Sachs & Co. oHG
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2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF
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5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [___]
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6. Citizenship or Place of Organization
Germany
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7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
72,132
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
14
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10. Shared Dispositive Power
Person With
72,132
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
72,132
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0.2%
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14. Type of Reporting Person
PN
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15
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CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GS Capital Partners II (Germany) Civil Law Partnership (with limitation
of liability)
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2. Check the Appropriate Box if a Member of a Group (a) [___]
(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
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
72,132
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
16
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10. Shared Dispositive Power
Person With
72,132
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
72,132
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0.2%
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14. Type of Reporting Person
PN
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17
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CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Stone Street Empire Corp.
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2. Check the Appropriate Box if a Member of a Group (a) [___]
(b) [___]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF
- --------------------------------------------------------------------------------
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
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7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
467,526
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
18
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10. Shared Dispositive Power
Person With
467,526
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
467,526
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
1.3%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
CO
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19
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CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Stone Street Fund 1996, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(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
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
278,594
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
20
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10. Shared Dispositive Power
Person With
278,594
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
278,594
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0.8%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
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21
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CUSIP No. M15633106
- --------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
Bridge Street Fund 1996, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) [___]
(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
- --------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of Shares
-------------------------------------------------------------
8. Shared Voting Power
188,932
Beneficially
Owned by -------------------------------------------------------------
9. Sole Dispositive Power
0
Each Reporting
-------------------------------------------------------------
22
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10. Shared Dispositive Power
Person With
188,932
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
188,932
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [___]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
0.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person
PN
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23
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Item 1 Security and Issuer.
This statement on Schedule 13D relates to the ordinary shares, no par
value (the "Ordinary Shares"), of BackWeb Technologies Ltd., an Israeli
corporation (the "Company").
The principal executive offices of the Company are located at 3 Abba
Hillel Street, Ramat Gan, Israel.
Item 2. Identity and Background.
This statement is being filed by GS Capital Partners II, L.P. ("GS
Capital II"), GS Capital Partners II Offshore, L.P. ("GS Offshore"), GS Capital
Partners II (Germany) Civil Law Partnership ("GS Germany"), Stone Street Fund
1996, L.P. ("1996 Stone") and Bridge Street Fund 1996, L.P. ("1996 Bridge" and
together with GS Capital II, GS Offshore, GS Germany and 1996 Stone, the
"Limited Partnerships"), Stone Street Empire Corp. ("Stone Empire"), Goldman,
Sachs & Co. ("Goldman Sachs"), GS Advisors, L.P. ("GS Advisors"), GS Advisors II
(Cayman), L.P. ("GS Advisors Cayman"), Goldman, Sachs & Co. oHG ("GS oHG") and
The Goldman Sachs Group, Inc. ("GS Group" and, together with Goldman Sachs, GS
Advisors, GS Advisors Cayman, GS oHG, Stone Empire and the Limited Partnerships,
the "Filing Persons").(1) Goldman Sachs and GS Group may be deemed, for purposes
of this Statement, to beneficially own Ordinary Shares through the Limited
Partnerships. Goldman Sachs and GS Group each disclaims beneficial ownership of
Ordinary Shares beneficially owned by the Limited Partnerships to the extent of
partnership interests in the Limited Partnerships held by persons other than
Goldman Sachs, GS Group or their affiliates. In addition, Goldman Sachs and GS
Group may be deemed, for purposes of this Statement, to beneficially own
Ordinary Shares held in client accounts with respect to which Goldman Sachs or
employees of Goldman Sachs have voting or investment discretion, or both
("Managed Accounts"). Goldman Sachs and GS Group disclaim beneficial ownership
of Ordinary Shares held in Managed Accounts. Goldman Sachs and GS Group may also
be deemed, for purposes of this Statement, to beneficially own from time to time
Ordinary Shares acquired in ordinary course trading activities by Goldman Sachs.
As of June 11, 1999, Goldman Sachs and GS Group may be deemed to
beneficially own, through the Limited Partnerships, 3,272,676 Ordinary Shares.
In addition, as of June 11, 1999, Goldman Sachs and GS Group may be deemed to
beneficially own 296,265 Ordinary Shares held in Managed Accounts.
Each of GS Capital II, a Delaware limited partnership, GS Offshore, a
Cayman Islands exempted limited partnership, and GS Germany, a Germany 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 GS
Capital II. GS Advisors Cayman, a Cayman Islands exempted limited partnership,
is the sole general partner of GS Offshore. GS oHG is the sole managing partner
of GS Germany. 1996 Stone and 1996 Bridge, each a Delaware limited partnership,
were formed for the purpose of investing in equity and equity-
- ----------
(1) Neither the present filing nor anything contained herein shall be
construed as an admission that any Filing Person constitutes a "person"
for any purposes other than Section 13(d) of the Securities Exchange Act
of 1934, as amended.
24
<PAGE> 25
related securities primarily acquired or issued in leveraged acquisitions,
reorganizations and other private equity transactions and in other financial
instruments. Stone Empire, a Delaware corporation, is the sole general partner
of 1996 Stone and the sole managing general partner of 1996 Bridge. 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 is a wholly owned direct and indirect subsidiary of GS Group.
Goldman Sachs also serves as the investment manager for GS Capital II, GS
Offshore and GS Germany. GS Group is a Delaware corporation and a holding
company that (directly or indirectly through subsidiaries or affiliated
companies or both) is a leading investment banking organization. The principal
business address of each Filing Person (other than GS Offshore, GS Advisors
Cayman and GS Germany and GS oHG) is 85 Broad Street, New York, NY 10004. The
principal business address for each of GS 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 GS Germany and GS oHG is MesseTurm, 60308 Frankfurt
am Main, Germany.
The name, business address and present principal occupation or
employment of each director of GS Group are set forth in Schedule I hereto,
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 and
the sole general partner of GS Advisors, L.P. and GS Advisors II (Cayman), L.P.,
respectively, are set forth in Schedules II-A-i and II-A-ii hereto, and is
respectively, and are incorporated herein by reference. The name, business
address, present principal occupation or employment and citizenship of each
director and executive officer of Stone Street Empire Corp., the sole general
partner of Stone Street Fund 1996, L.P. and the managing general partner of
Bridge Street Fund 1996, L.P., are set forth in Schedule II-B hereto and are
incorporated herein by reference. The name, business address, present principal
occupation or employment and citizenship of each executive officer and director
of Goldman, Sachs & Co. Finanz GmbH, which is the sole managing general partner
of Goldman, Sachs & Co. 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 Schedules
I, II-A-i, II-A-ii, II-B or II-C hereto, (i) has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (ii) 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.
25
<PAGE> 26
Item 3 Source and Amount of Funds or Other Consideration.
In December 1996, the Limited Partnerships acquired from the Company
an aggregate of 4,500,000 shares of the Company's Series C-1 Preferred Stock
("Series C-1 Preferred") and 1,586,957 shares of the Company's Series C-2
Preferred Stock ("Series C-2 Preferred") at a purchase price of $1.15 per share,
for an aggregate consideration of $7,000,000.55, and received, for no
additional consideration, warrants (the "Series C Warrants") to purchase, in
the aggregate, 913,042 shares of Series C-2 Preferred. In that transaction GS
Capital II acquired 2,688,980 shares of Series C-1 Preferred, 948,288 shares of
Series C-2 Preferred and 545,590 Series C Warrants, GS Offshore acquired
1,068,980 shares of Series C-1 Preferred, 376,983 shares of Series C-2 Preferred
and 216,894 Series C Warrants, GS Germany acquired 99,183 shares of Series C-1
Preferred, 34,978 shares of Series C-2 Preferred and 20,124 Series C Warrants,
1996 Stone acquired 383,070 shares of Series C-1 Preferred, 135,092 shares of
Series C-2 Preferred and 77,724 Series C Warrants and 1996 Bridge acquired
259,787 shares of Series C-1 Preferred, 91,616 shares of Series C-2 Preferred
and 52,710 Series C Warrants.
In December 1997, the Limited Partnerships acquired from the Company
an aggregate of 826,444 shares of the Company's Series D Preferred Stock
("Series D Preferred") at a purchase price of $1.15 per share, for an aggregate
consideration of $950,410.60. In that transaction GS Capital II acquired 493,841
shares of Series D Preferred, GS Offshore acquired 196,322 shares of Series D
Preferred, GS Germany acquired 18,215 shares of Series D Preferred, 1996 Stone
acquired 70,355 shares of Series D Preferred and 1996 Bridge acquired 47,711
shares of Series D Preferred.
On December 9, 1998, the Limited Partnerships exercised the Series C
Warrants, paying an exercise price of $1.15 per share, for an aggregate
consideration of $1,049,998. In that transaction GS Capital II acquired
545,590 shares of Series C-2 Preferred, GS Offshore acquired 216,894 shares of
Series C-2 Preferred, GS Germany acquired 20,124 shares of Series C-2 Preferred,
1996 Stone acquired 77,724 shares of Series C-2 Preferred and 1996 Bridge
acquired 52,710 shares of Series C-2 Preferred.
In March 1998, the Limited Partnerships acquired from the Company an
aggregate of 591,056 shares of Series D Preferred at a purchase price of $1.15
per share, for an aggregate consideration of $679,714.40. In that transaction GS
Capital II acquired 353,185 shares of Series D Preferred, GS Offshore acquired
140,405 shares of Series D Preferred, GS Germany acquired 13,027 shares of
Series D Preferred, 1996 Stone acquired 50,317 shares of Series D Preferred and
1996 Bridge acquired 34,122 shares of Series D Preferred.
In May 1998, the Limited Partnerships acquired from the Company an
aggregate of 357,051 shares of Series D Preferred at a purchase price of $1.15
per share, for an aggregate consideration of $410,608.65. In that transaction GS
Capital II acquired 213,356 shares of Series D Preferred, GS Offshore acquired
84,817 shares of Series D Preferred, GS Germany acquired 7,869 shares of Series
D Preferred, 1996 Stone acquired 30,396 shares of Series D Preferred and 1996
Bridge acquired 20,613 shares of Series D Preferred.
In May 1999, the Limited Partnerships acquired from the Company an
aggregate of 1,043,477 shares of Series D Preferred at a purchase price of $1.15
per share, for an aggregate consideration of $1,199,998,55. In that transaction
GS Capital II acquired 623,531 shares of Series D Preferred, GS Offshore
acquired 247,879 shares of Series D Preferred, GS Germany acquired 22,999 shares
of Series D Preferred, 1996 Stone acquired 88,828 shares of Series D Preferred
and 1996 Bridge acquired 60,240 shares of Series D Preferred.
As a result of the foregoing transactions, immediately prior to the
initial public offering of the Ordinary Shares in June 1999 (the "IPO"), the
Limited Partnerships owned 4,500,000 shares of Series C-1 Preferred, 2,499,999
shares of Series C-2 Preferred and 2,818,028 shares of Series D Preferred. GS
Capital II owned 2,688,980 shares of Series C-1 Preferred, 1,493,878 shares of
Series C-2 Preferred and 1,683,913 shares of Series D Preferred, GS Offshore
owned 1,068,980 shares of Series C-1 Preferred, 593,877 shares of Series C-2
Preferred and 669,423 shares of Series D Preferred, GS Germany owned 99,183
shares of Series C-1 Preferred, 55,102 shares of Series C-2 Preferred and 62,110
shares of Series D Preferred, 1996 Stone owned 383,070 shares of Series C-1
Preferred, 212,816 shares of Series C-2 Preferred and 239,896 shares of Series D
Preferred and 1996 Bridge owned 259,787 shares of Series C-1 Preferred, 144,326
shares of Series C-2 Preferred and 162,686 shares of Series D Preferred.
Effective upon consummation of the IPO, each share of Series C-1 Preferred,
Series C-2 Preferred and Series D Preferred was converted into one-third of a
Ordinary Share.
As of June 11, 1999, Goldman Sachs and GS Group may be deemed to
beneficially own, through the Limited Partnerships, 3,272,676 Ordinary Shares.
As of June 11, 1999, Goldman Sachs and GS Group may be deemed to beneficially
own 296,265 Ordinary Shares held in Managed Accounts. Schedule III reflects the
transactions effected by Goldman Sachs in the Ordinary Shares during the sixty
days prior to and including June 11, 1999, all of which were effected in the
ordinary course of business. The aggregate consideration (exclusive of
commissions) for such Ordinary Shares purchased during such period was
$51,774,864.48.
The funds used by the Limited Partnerships to purchase the Ordinary
Shares as described above were obtained by such entities from capital
contributions by their partners and from the available funds of such entities.
26
<PAGE> 27
The funds for ordinary course trading purchases came from Goldman Sachs' working
capital. The funds used to purchase Ordinary Shares for Managed Accounts came
from client funds.
None of the persons listed on Schedule I, Schedule II-A-i, II-A-ii, II-B
or II-C hereto has contributed any funds or other consideration towards the
purchase of the securities of the Company, except insofar as they may have
partnership interests in any of the Filing Persons and have made capital
contributions to any of the Filing Persons, as the case may be.
Item 4 Purpose of the Transaction.
The Limited Partnerships purchased the Ordinary Shares for the purpose
of acquiring an equity interest in the Company. The Ordinary Shares which may be
deemed to be held by Goldman Sachs (other than shares which may be deemed
beneficially owned through the Limited Partnerships) were acquired in the
ordinary course of business of Goldman Sachs.
Except as disclosed herein, none of the Filing Persons or, to the
knowledge of the Filing Persons, any of the persons listed on Schedule I,
II-A-i, II-A-ii, II-B 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. Each of the Filing Persons presently
intends to transfer its voting interests in the Ordinary Shares to a voting
trust that generally will vote such Ordinary Shares in proportion to the vote of
the other shareholders of the Company. In connection with the IPO, the Limited
Partnerships agreed not to sell or otherwise dispose of any Ordinary Shares (or
securities substantially similar to, convertible into, or exchangeable for,
Ordinary Shares) during the period beginning on the date of and continuing to
and including the date six months after the pricing of the IPO on June 7, 1999
(the "Lock-up"). The Lock-up is further described in Item 6.
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 Ordinary Shares, conditions in the securities markets generally,
general economic and industry conditions and other factors. Accordingly, each
Filing Person reserves the right to change its plans and intentions at any time,
as it deems appropriate. In particular, the Filing Persons may purchase
additional Ordinary Shares or may sell Ordinary Shares from time to time in
public or private transactions and/or may enter into privately negotiated
derivative transactions with institutional counterparties to hedge the market
risk of some or all of its positions in the Ordinary Shares or other securities.
Any such transactions may be effected at any time or from time to time (subject
to any applicable limitations imposed on the sale of any of their Ordinary
Shares by the Securities Act of 1933, as amended (the "Securities Act"), and, in
the case of sales by the Limited Partnerships, subject to the other restrictions
described in Item 6). To the knowledge of each Filing Person, each of the
persons listed on Schedule I, II-A-i, II-A-ii, II-B or II-C hereto may make the
same evaluation.
Item 5 Interest in Securities of the Issuer
(a) As of June 11, 1999, GS Capital II beneficially owned, and GS
Advisors may be deemed to have beneficially owned, an aggregate of 1,955,591
Ordinary Shares, representing in the aggregate approximately 5.5% of the
Ordinary Shares reported to be outstanding in the prospectus, dated June 7,
1999, relating to the IPO(2) (the "Prospectus").
As of June 11, 1999, GS Offshore beneficially owned, and GS Advisors
Cayman may be deemed to have beneficially owned, an aggregate of 777,427
Ordinary Shares, representing in the aggregate approximately 2.2% of the
Ordinary Shares reported to be outstanding in the Prospectus.
As of June 11, 1999, 1996 Stone beneficially owned an aggregate of
278,594 Ordinary Shares, representing in the aggregate approximately 0.8% of the
Ordinary Shares reported to be outstanding in the Prospectus.
As of June 11, 1999, 1996 Bridge beneficially owned an aggregate of
188,932 Ordinary Shares, representing in the aggregate approximately 0.5% of the
Ordinary Shares reported to be outstanding in the Prospectus.
As of June 11, 1999, Stone Empire may be deemed to have beneficially
owned an aggregate of 467,526 Ordinary Shares, which are owned by 1996 Stone and
1996 Bridge as described above, representing in the aggregate approximately 1.3%
of the Ordinary Shares reported to be outstanding in the Prospectus.
As of June 11, 1999, GS Germany beneficially owned, and GS oHG may be
deemed to have beneficially owned, an aggregate of 72,132 Ordinary Shares,
representing in the aggregate approximately 0.2% of the Ordinary Shares reported
to be outstanding in the Prospectus.
As of June 11, 1999, each of Goldman Sachs and GS Group may be deemed to
beneficially own an aggregate of 3,568,941 Ordinary Shares, including (i)
3,272,676 Ordinary Shares beneficially owned by the Limited Partnerships as
described above and (ii) 296,265 Ordinary Shares held in Managed Accounts,
representing in the aggregate approximately 10.0%
- ----------
(2) On June 11, 1999, pursuant to the Underwriting Agreement described in Item
6, the underwriters for the IPO fully exercised their over-allotment
option. The percentages disclosed herein reflect the number of Ordinary
Shares outstanding after the exercise of the over-allotment option.
27
<PAGE> 28
of the Ordinary Shares reported to be outstanding in the Prospectus. Goldman
Sachs and GS Group disclaim beneficial ownership of (i) the Ordinary Shares
beneficially owned by the Limited Partnerships to the extent of partnership
interests in the Limited Partnerships held by persons other than Goldman Sachs,
GS Group or their affiliates and (ii) the Ordinary Shares held in Managed
Accounts.
None of the Filing Persons or, to the knowledge of the Filing Persons,
any of the persons listed on Schedules I, II-A-i, II-A-ii, II-B or II-C hereto,
beneficially owns any Ordinary Shares 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 Ordinary Shares beneficially owned by
such Filing Person as indicated in pages 2 through 23 above. Each of the Filing
Persons presently intends to transfer its voting interests in the Ordinary
Shares to a voting trust that generally will vote such Ordinary Shares in
proportion to the vote of the other shareholders of the Company.
(c) Except with respect to transactions effected by Goldman Sachs in its
capacity as an underwriter in the IPO (as further described in Item 6), Schedule
III sets forth the transactions in the Ordinary Shares which have been effected
during the 60 days prior to and including June 11, 1999, all of which were
effected in the ordinary course of business of Goldman Sachs. The transactions
in the Ordinary Shares, described in Schedule III, were effected in the NASDAQ
National Market. The aggregate consideration (exclusive of commissions) for the
Ordinary Shares purchased during such period was $51,774,864.48.
Except with respect to transactions effected by Goldman Sachs in its
capacity as an underwriter in the IPO, and except as set forth in Schedule III,
no transactions in the Ordinary Shares were effected by the Filing Persons, or,
to the knowledge of any of the Filing Persons, any of the persons listed on
Schedules I, II-A-i, II-A-ii, II-B or II-C hereto, during the sixty days prior
to and including June 11, 1999.
(d) Except for clients of Goldman Sachs who may have the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, any Ordinary Shares held in Managed Accounts, 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
Ordinary Shares beneficially owned by any Filing Person.
(e) Not applicable.
Item 6 Contracts, Arrangements, Understandings or Relationships With
Respect to the Securities of the Issuer.
Registration Rights Agreement. The Limited Partnerships and the Company
are parties to the Fourth Amended and Restated Registration Rights Agreement
dated March 24, 1999 (the "Registration Rights Agreement"). Pursuant to the
Registration Rights Agreement, the Company's principal shareholders and certain
other shareholders then holding in the aggregate 25,685,739 Ordinary Shares (the
"Registrable Securities") have certain rights with respect to the registration
of those Ordinary Shares under the Securities Act. At any time on or prior to
the earlier of December 27, 2002 or six months after the effective date of the
Prospectus and if requested by any holder or holders of Registrable Securities
possessing not less than fifty percent of the then outstanding Ordinary Shares,
the Company must file a registration statement to register such securities. The
request for registration must request the registration of not less than ten
percent of the then outstanding Ordinary Shares, and may be deferred by the
Company if less than six months have passed since a previous registration of
Ordinary Shares pursuant to a request of a holder of Registrable Securities or
less than six months after the IPO. The Company may also defer such registration
for up to 180 days if such registration would cause valuable trade secrets of
the Company to be disclosed.
All expenses incurred in connection with such registrations (other than
underwriters' discounts and commissions, but including the fees and
disbursements of Company counsel) will be borne by the Company. The selling
shareholders of the Registrable Securities will bear the cost of all
underwriters' discounts and commissions.
Underwriting Agreement. In connection with the IPO, an Underwriting
Agreement, dated June 7, 1999 (the "Underwriting Agreement"), was entered into
by the Company and Goldman Sachs, BancBoston Robertson Stephens, Inc., Lehman
Brothers Inc., Wit Capital Corporation, as representatives of the several
underwriters listed in Schedule I thereto (the "Underwriters"). The Underwriting
Agreement provides for purchases by the Underwriters from the Company of
5,500,000 Ordinary Shares, and up to an additional 825,000 Ordinary Shares at
28
<PAGE> 29
the same purchase price for the purpose of covering over-allotments. The
Underwriters executed the over-allotment option in full on June 11, 1999. The
initial public offering price in the IPO was $12.00 per share. Under the
Underwriting Agreement, the Underwriters purchased the Ordinary Shares net of an
underwriting discount of $0.84 per Ordinary Share. The Underwriting Agreement
contains standard terms and conditions for a public offering including customary
representations and warranties and indemnity provisions.
Lock-up. In connection with the IPO, the Company's officers and
directors have agreed that, during the period beginning on the date of and
continuing to and including the date 180 days after the pricing of the IPO on
June 7, 1999, they will not (i) offer to sell, sell, contract to sell, pledge or
otherwise dispose of any Ordinary Shares or any securities convertible into or
exchangeable for Ordinary Shares, or (ii) establish a "put equivalent position"
with respect to the Ordinary Shares within the meaning of Rule 16a-1(h) under
the Securities Exchange Act of 1934, as amended, or (iii) publicly announce an
intention to take any of the actions set forth in (i) or (ii) above.
The foregoing descriptions of the Registration Rights Agreement,
Underwriting Agreement and the Lock-Up Agreement are qualified in their entirety
by reference to the Registration Rights Agreement, Underwriting Agreement and
the Lock-Up Agreement, copies of which are filed as Exhibits 99.1, 99.2 and 99.3
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, II-A-i, II-A-ii, II-B
or II-C hereto is a party to any contract, arrangement, understanding or
relationship with respect to any securities of the Company.
Item 7 Material to be Filed as Exhibits.
<TABLE>
<CAPTION>
Exhibit No. Exhibit
- ----------- -------
<S> <C>
99.1 Fourth Amended and Restated Rights Agreement
99.2 Underwriting Agreement
99.3 Form of Lock-Up Agreement
99.4 Joint Filing Agreement
99.5 Power of Attorney, dated December 21, 1998, relating to Goldman,
Sachs & Co.
99.6 Power of Attorney, dated May 7, 1999, relating to The Goldman
Sachs Group, Inc.
99.7 Power of Attorney, dated December 31, 1998, relating to GS
Capital Partners II, L.P.
99.8 Power of Attorney, dated December 28, 1998, relating to GS
Capital Partners II Offshore, L.P.
99.9 Power of Attorney, dated December 21, 1998, relating to GS
Capital Partners II (Germany) Civil Law Partnership.
99.10 Power of Attorney, dated December 28, 1998, relating to GS
Advisors, L.P.
99.11 Power of Attorney, dated December 28, 1998, relating to GS
Advisors II (Cayman), L.P.
99.12 Power of Attorney, dated May 26, 1999, relating to Goldman, Sachs
& Co. oHG
99.13 Power of Attorney, dated December 28, 1998, relating to Stone
Street Fund 1996, L.P.
99.14 Power of Attorney, dated December 28, 1998, relating to Bridge
Street Fund 1996, L.P.
99.15 Power of Attorney, dated December 28, 1998, relating to Stone
Street Empire Corp.
</TABLE>
29
<PAGE> 30
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.
Date: June 21, 1999
GOLDMAN, SACHS & CO.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
THE GOLDMAN SACHS GROUP, INC.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS ADVISORS, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS II, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS ADVISORS II (CAYMAN), L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
30
<PAGE> 31
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET EMPIRE CORP.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET FUND 1996, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
BRIDGE STREET FUND 1996, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO. OHG
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
31
<PAGE> 32
GS CAPITAL PARTNERS II (GERMANY) CIVIL
LAW PARTNERSHIP (with limitation of
liability)
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
32
<PAGE> 33
Exhibit (99.1)
FOURTH AMENDED AND RESTATED RIGHTS AGREEMENT
This FOURTH AMENDED AND RESTATED RIGHTS AGREEMENT (the "AGREEMENT"),
is entered into as of March 24, 1999, by and among BackWeb Technologies Ltd., a
company organized under the laws of the State of Israel and formerly known as
BackWeb Ltd. (the "COMPANY"), and the holders of the Company's Series A
Convertible Preferred Stock (the "SERIES A HOLDERS"), the holders of the
Company's Series B Convertible Preferred Stock (the "SERIES B HOLDERS"), the
holders of the Company's Series C Convertible Preferred Stock (the "SERIES C
HOLDERS"), the holders of the Company's Series D Convertible Preferred Stock
(the "SERIES D HOLDERS") and the holders of Exchangeable Shares (the
"EXCHANGEABLE SHARE HOLDERS") of BackWeb Canada, Inc., an Ontario corporation
and majority-owned subsidiary of the Company ("BACKWEB CANADA"), all as listed
on Schedule I attached hereto (collectively, the "PURCHASERS").
R E C I T A L S
WHEREAS, the Series A Holders own an aggregate of 25,464,110 shares of
Series A Convertible Preferred Shares of the Company (the "SERIES A PREFERRED");
WHEREAS, Softbank Holdings Inc., a Delaware corporation ("SOFTBANK
HOLDINGS"), purchased 3,852,400 shares of Series B Convertible Preferred Shares
of the Company (the "SERIES B PREFERRED") pursuant to that certain Stock
Purchase Agreement dated July 15, 1996 (the "SOFTBANK PURCHASE AGREEMENT");
WHEREAS, Softbank Holdings has transferred all of its shares of Series B
Preferred and its accompanying rights and obligations to its affiliate SOFTBANK
Ventures, Inc., a Japanese corporation, ("SOFTBANK");
WHEREAS, Peter J. Mooney as nominee for the Broadview Investor Group
("BROADVIEW"), purchased 385,240 shares of Series B Preferred pursuant to that
certain Letter Agreement dated July 10, 1996;
WHEREAS, the Company and Softbank Holdings have previously entered into
a Registration Rights Agreement dated July 15, 1996, providing for certain
registration and other rights to Softbank Holdings (the "ORIGINAL AGREEMENT"),
and the Softbank Purchase Agreement provides for certain additional rights to
Softbank Holdings, which rights have been transferred to Softbank;
WHEREAS, the Company and certain of the Series C Holders entered into a
Share Purchase Agreement dated December 9, 1996 pursuant to which, among other
things, such Series C Holders purchased an aggregate of up to 12,591,304 Series
C-1 Convertible Preferred Shares and Series C-2
<PAGE> 34
Convertible Preferred Shares (collectively, the "SERIES C PREFERRED")
convertible into Ordinary Shares and warrants to purchase an aggregate of up to
1,810,432 shares of Series C-2 Convertible Preferred (the "WARRANTS");
WHEREAS, NirBarkat Holdings Ltd., EliBarkat Holdings Ltd. and Yuval 63
Holdings (1995) Ltd. (collectively, the "FOUNDERS") have acquired, pursuant to
conversion of an aggregate of US$600,000 of indebtedness of the Company to the
Founders, an aggregate of 521,739 Series C-2 Convertible Preferred Shares.
WHEREAS, the Company, the Series A Holders, Series B Holders and Series
C Holders have previously entered into an Amended and Restated Rights Agreement
dated December 9, 1996 (the "AMENDED AND RESTATED AGREEMENT"), which replaced
the Original Agreement;
WHEREAS, the Company, the Series A Holders, the Series B Holders, the
Series C Holders and Intel Corporation entered into an Addendum to the Amended
and Restated Rights Agreement, dated May 22, 1997 (the "ADDENDUM"), which
modified the Amended and Restated Agreement;
WHEREAS, pursuant to that certain Agreement and Plan of Acquisition
dated July 1, 1997, BackWeb Canada acquired Lanacom Inc., an Ontario corporation
("LANACOM"), in an amalgamation under which all issued and outstanding Lanacom
Common Shares have been exchanged for Class A Shares of BackWeb Canada, which
Class A Shares were immediately thereafter changed into exchangeable non-voting
shares (the "EXCHANGEABLE SHARES") of BackWeb Canada (the "AMALGAMATION"); and
each such Exchangeable Share is exchangeable for one Ordinary Share of the
Company;
WHEREAS, the Company, the Series A Holders, the Series B Holders, the
Series C Holders and the Exchangeable Share Holders entered into a Second
Amended and Restated Rights Agreement dated as of August 8, 1997 (the "SECOND
RIGHTS AGREEMENT"), which replaced the Addendum and the Amended and Restated
Agreement;
WHEREAS, the Company and certain of the Series D Holders entered into a
Share Purchase Agreement dated as of December 26, 1997 (the "1997 PURCHASE
AGREEMENT") pursuant to which, among other things, such Series D Holders
purchased an aggregate of 17,391,308 Series D Convertible Preferred Shares
(collectively, the "SERIES D PREFERRED") convertible into Ordinary Shares, at
closings held on December 26, 1997, May 6, 1998 and June 4, 1998;
WHEREAS, in order to induce certain of the Series D Holders to purchase
Shares of Series D Preferred pursuant to the 1997 Purchase Agreement, the
Company, the Series A Holders, the Series B Holders, the Series C Holders and
the Exchangeable Share Holders entered into a Third Amended and Restated Rights
Agreement dated December 26, 1997 (the "THIRD RIGHTS AGREEMENT"), which replaced
the Second Rights Agreement and which granted to such Series D Holders the
registration and other rights set forth therein;
-2-
<PAGE> 35
WHEREAS, the Company and the Series D Holders are parties to two side
letters, dated May 6, 1998 and May 29, 1998, respectively (collectively, the
"SERIES D SIDE LETTERS"), which grant to the Series D Holders certain additional
rights and assurances to those granted to them by the Company in the 1997
Purchase Agreement and the Third Rights Agreement;
WHEREAS, in connection with the 1997 Purchase Agreement, the Company
certified to Intel Corporation as to certain confidentiality obligations
pursuant to a Certificate of BackWeb Technologies Ltd. dated December 26, 1997
(the "INTEL CONFIDENTIALITY CERTIFICATE");
WHEREAS, the Company and CDC Valeurs de Croissance ("CDC") are parties
to a side letter dated May 4, 1998 (the "CDC SIDE LETTER" and, collectively with
the Series D Side Letters and the Intel Confidentiality Certificate, the "SIDE
LETTERS") pursuant to which, among other things, the Company granted to CDC
certain rights to observe board meetings of the Company;
WHEREAS, the Company and General Electric Pension Trust ("GE") are
parties to a side letter dated as of May 6, 1998 (the "GE SIDE LETTER"),
pursuant to which, among other things, the Company granted to GE certain
additional rights;
WHEREAS, the Company and certain of the Series D Holders are entering
into a Share Purchase Agreement (the "PURCHASE AGREEMENT") dated the date hereof
(the "CLOSING DATE") pursuant to which, among other things, such Series D
Holders will purchase an aggregate of up to 8,700,000 Shares of Series D
Preferred convertible into Ordinary Shares; and
WHEREAS, in order to induce certain of the Series D Holders to purchase
Shares of Series D Preferred pursuant to the Purchase Agreement, the Company,
the Series A Holders, the Series B Holders, the Series C Holders, the current
Series D Holders and the Exchangeable Share Holders desire that the Company
grant to (x) CDC the rights previously granted to it in the CDC Side Letter, (y)
Intel Corporation the rights previously granted to it in the Intel
Confidentiality Certificate, and (z) all of the Series D Holders (i) the rights
previously granted to them in the Series D Side Letters and (ii) the
registration and other rights set forth herein, and wish to replace and
supersede the Third Rights Agreement, the Side Letters and any and all similar
arrangements in effect among any of the parties, with this Agreement, except
only that, as between the Company and GE, the GE Side Letter shall continue to
remain in full force and effect and as between the Company and all of the Series
D Holders, the representations and warranties contained in the side letter dated
May 6, 1998 between the Company and the Series D Holders shall survive as set
forth in paragraph 3 thereof.
NOW, THEREFORE, in reliance on the foregoing recitals, and in and for
the mutual covenants and consideration set forth herein, the parties hereto
agree as follows:
-3-
<PAGE> 36
1. CERTAIN DEFINITIONS. As used in this Agreement, the following
terms shall have the following respective meanings:
1.1 "AFFILIATE" and "AFFILIATED" shall refer to any person who
is an "affiliate" as defined in Rule 12b-2 of the General Rules and Regulations
under the U.S. Securities Exchange Act of 1934, as amended. For purposes of this
definition, "person" shall mean any individual, firm, corporation, partnership,
trust, incorporated or unincorporated association, joint venture, joint stock
company, governmental authority or other entity of any kind, and shall include
any successor (by merger or otherwise) of such entity.
1.2 "COMMISSION" shall mean the U.S. Securities and Exchange
Commission or any other federal agency at the time administering the Securities
Act.
1.3 "CONVERSION STOCK" shall mean the Ordinary Shares issued
or issuable pursuant to conversion of the Preferred or exchange of the
Exchangeable Shares.
1.4 "EXCHANGEABLE SHARES" shall mean the Exchangeable Shares
issued in connection with the Amalgamation.
1.5 "EXCHANGEABLE SHARE INITIATING HOLDERS" shall mean any
Exchangeable Share Holders who in the aggregate are holders of sixty-six and
two-thirds percent (66 2/3%) or more of the Exchangeable Share Registrable
Securities.
1.6 "HOLDER" shall mean any Purchaser holding Registrable
Securities and any person holding Registrable Securities to whom the rights
under this Agreement have been transferred in accordance with Section 14 hereof.
1.7 "INITIATING HOLDERS" shall mean any Holders (other than
Exchangeable Share Holders) who in the aggregate are holders of in excess of
fifty percent (50%) of the Registrable Securities (other than the Exchangeable
Share Registrable Securities).
1.8 "MAJOR HOLDER" shall mean (i) in the case of Holders
holding Preferred or Ordinary Shares issuable upon conversion thereof, each
Holder who is a holder of at least 800,000 shares of Registrable Securities (as
adjusted for any stock split, stock dividend or similar capital reorga
nization), and permitted assignees under Section 17(d) hereof or (ii) in the
case of Holders holding Exchangeable Shares or Ordinary Shares issuable upon
conversion thereof, each Holder who is a holder of at least 800,000 shares of
Registrable Securities (as adjusted for any stock spit, stock dividend or
similar reorganization), and permitted assignees under Section 17(d) hereof.
1.9 "ORDINARY SHARES" shall mean the Company's Ordinary
Shares.
1.10 "PREFERRED" shall mean the Series A Preferred, Series B
Preferred, Series C Preferred, and Series D Preferred.
-4-
<PAGE> 37
1.11 "QUALIFIED IPO" shall mean the first firmly underwritten
sale of Ordinary Shares to the public in an offering in which (i) the proceeds
to the Company are not less than US$15 million (net of underwriting discounts)
and (ii) the offering price to the public (prior to underwriting commissions and
expenses) is at least US $2.30 per share (subject to adjustment for share
splits, share dividends, reclassifications and like events).
1.12 "REGISTRABLE SECURITIES" shall mean (i) the Ordinary
Shares issuable or issued upon conversion of the Series A Preferred by the
Series A Holders and any other Ordinary Shares issued as a dividend or other
distribution with respect to, or in exchange for or in replacement of the
aforementioned Series A Preferred or Ordinary Shares (collectively, the "SERIES
A REGISTRABLE SECURITIES"), (ii) the Ordinary Shares issuable or issued upon
conversion of the Series B Preferred by the Series B Holders and any other
Ordinary Shares issued as a dividend or other distribution with respect to, or
in exchange for or in replacement of the aforementioned Series B Preferred or
Ordinary Shares (collectively, the "SERIES B REGISTRABLE SECURITIES"), (iii) the
Ordinary Shares issuable or issued upon conversion of the Series C Preferred
(including, without limitation, the Series C-2 Convertible Preferred issued upon
exercise of the Warrants and the Series C-2 Convertible Preferred Shares issued
to the Founders) by the Series C Holders and any other Ordinary Shares issued as
a dividend or other distribution with respect to, or in exchange for or in
replacement of the aforementioned Series C Preferred or Ordinary Shares
(collectively, the "SERIES C REGISTRABLE SECURITIES"), (iv) the Ordinary Shares
issuable or issued upon conversion of the Series D Preferred by the Series D
Holders and any other Ordinary Shares issued as a dividend or other distribution
with respect to, or in exchange for or in replacement of the aforementioned
Series D Preferred or Ordinary Shares (collectively, the "SERIES D REGISTRABLE
SECURITIES"), (v) the Ordinary Shares issuable or issued upon exchange of the
Exchangeable Shares and any other Ordinary Shares issued as a dividend or other
distribution with respect to, or in exchange for or in replacement of the
aforementioned Exchangeable Shares or Ordinary Shares (collectively, the
"EXCHANGEABLE SHARE REGISTRABLE SECURITIES") provided, however, that Ordinary
Shares or other securities shall only be treated as Registrable Securities if
and so long as they have not been (i) sold to or through a broker or dealer or
underwriter in a public distribution or a public securities transaction, or (ii)
subject to Section 16 below, sold or are available for sale in the opinion of
counsel to the Company in a transaction exempt from the registration and
prospectus delivery requirements of the Securities Act so that all transfer
restrictions and restrictive legends with respect thereto are removed upon the
consummation of such sale.
1.13 The terms "REGISTER," "REGISTERED" and "REGISTRATION"
refer to a registration effected by preparing and filing a registration
statement in compliance with the Securities Act, and the declaration or ordering
of the effectiveness of such registration statement by the Commission.
1.14 "REGISTRATION EXPENSES" shall mean all reasonable
expenses, except as otherwise stated below, incurred by the Company in complying
with Sections 5, 6 and 7 hereof, including all registration, qualification and
filing fees, printing expenses, escrow fees, fees and disbursements of counsel
for the Company, fees and disbursements for one counsel for the Holders selected
by the Holders registering Registrable Securities and approved by the Company
(which consent will not be unreasonably withheld), blue sky fees and expenses,
but excluding (a) the compensation of regular employees of the
-5-
<PAGE> 38
Company, which shall be paid in any event by the Company, and (b) Selling
Expenses. Notwithstanding the foregoing, only reasonable fees and disbursements
of one counsel to all Holders registering Registrable Securities up to a maximum
of $10,000 per registration shall be required to be paid and borne by the
Company.
1.15 "RESTRICTED SECURITIES" shall mean the securities of the
Company required to bear the legend set forth in Section 3 hereof and the
Exchangeable Shares bearing any restrictive legend required under applicable
Canadian law.
1.16 "SECURITIES ACT" shall mean the U.S. Securities Act of
1933, as amended, or any similar federal statute and the rules and regulations
of the Commission thereunder, all as the same shall be in effect at the time.
1.17 "SELLING EXPENSES" shall mean all underwriting discounts,
selling commissions and stock transfer taxes applicable to the securities
registered by the Holders and, except as set forth above, all reasonable fees
and disbursements of counsel for any Holder other than the fees and
disbursements of counsel included in Registration Expenses.
1.18 "UNDERWRITER" shall mean the managing underwriter or
underwriters in a public offering pursuant to Section 5, Section 6 or Section 7
hereof.
2. RESTRICTIONS ON TRANSFERABILITY. The Preferred, the Exchangeable
Shares, the Warrants and the Conversion Stock shall not be sold, assigned,
transferred or pledged except upon the conditions specified in this Agreement,
which conditions are intended to ensure compliance with the provisions of the
Securities Act. Each Purchaser shall cause any proposed purchaser, assignee,
transferee, or pledgee of Preferred, Exchangeable Shares, Warrants or Conversion
Stock held by such Purchaser to agree to take and hold such securities subject
to the provisions and upon the conditions specified in this Agreement.
3. RESTRICTIVE LEGEND. Each certificate representing (a) the
Preferred (including, without limitation, the Series C-2 Convertible Preferred
issued upon exercise of the Warrants), (b) the Conversion Stock, and (c) any
other securities issued in respect of the Preferred or the Conversion Stock upon
any stock split, stock dividend, recapitalization, merger, consolidation or
similar event shall (unless otherwise permitted by the provisions of Section 4
below) be stamped or otherwise imprinted with the following legends (in addition
to any legend required under applicable state securities laws):
(a) "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN
ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED. SUCH SHARES MAY
NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH
REGISTRATION OR UNLESS THE COMPANY RECEIVES AN OPINION OF
COUNSEL REASONABLY ACCEPTABLE TO IT STATING THAT SUCH SALE
OR TRANSFER IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS
DELIVERY REQUIREMENTS OF
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<PAGE> 39
SAID ACT. COPIES OF THE AGREEMENTS COVERING THE PURCHASE
OF THESE SHARES AND RESTRICTING THEIR TRANSFER MAY BE
OBTAINED AT NO COST BY WRITTEN REQUEST MADE BY THE HOLDER
OF RECORD OF THIS CERTIFICATE TO THE SECRETARY OF THE
COMPANY AT THE PRINCIPAL EXECUTIVE OFFICES OF THE
COMPANY."
Each Purchaser consents to the Company or BackWeb Canada, as the
case may be, making a notation on its records and giving instructions to any
transfer agent of the Preferred, the Exchangeable Shares or the Conversion Stock
in order to implement the restrictions on transfer established in this
Registration.
4. NOTICE OF PROPOSED TRANSFERS. The holder of each certificate
representing Restricted Securities by acceptance thereof agrees to comply in all
respects with the provisions of this Section 4. Prior to any proposed sale,
assignment, transfer or pledge of any Restricted Securities (other than (a) a
transfer not involving a change in beneficial ownership (which shall be deemed
to include without limitation a transfer between and among affiliates), (b) in
transactions involving the distribution without consideration of Restricted
Securities by any of the Purchasers to any of its partners, or retired partners,
or to the estate of any of its partners or retired partners, or a transfer to
one or more affiliated partnerships managed by it, so long as each such
transferee agrees in writing to be bound by the terms of this Agreement or (c)
the exchange of any Exchangeable Shares for Ordinary Shares), unless there is in
effect a registration statement under the Securities Act covering the proposed
transfer, the holder thereof shall give written notice to the Company of such
holder's intention to effect such transfer, sale, assignment or pledge. Each
such notice shall describe the manner and circumstances of the proposed
transfer, sale, assignment or pledge in sufficient detail, and shall be
accompanied, at such holder's expense by either (a) an unqualified written
opinion of legal counsel addressed to the Company, to the effect that the
proposed transfer of the Restricted Securities may be effected without
registration under the Securities Act, or (b) a "no action" letter from the
Commission to the effect that the transfer of such securities without
registration will not result in a recommendation by the staff of the Commission
that action be taken with respect thereto, whereupon the holder of such
Restricted Securities shall be entitled to transfer such Restricted Securities
in accordance with the terms of the notice delivered by the holder to the
Company. Each certificate evidencing the Restricted Securities transferred as
above provided shall bear, except if such transfer is made pursuant to Rule 144,
the appropriate restrictive legend set forth in Section 3 above, except that
such certificate shall not bear such restrictive legend if in the opinion of
counsel for such holder and the Company such legend is not required in order to
establish compliance with any provision of the Securities Act.
5. REQUESTED REGISTRATION.
5.1 Notice of Registration; Registration. In case the Company
shall receive from Initiating Holders or Exchangeable Share Initiating Holders,
as the case may be, a written request that the Company effect any registration,
qualification or compliance (other than a registration on Form F-3 or any
successor form) with respect to (a) Registrable Securities that, as of the date
of the request, have
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<PAGE> 40
an aggregate market value of at least $15 million or (b) such Registrable
Securities represent at least 10% of the then outstanding Ordinary Shares of the
Company, the Company will:
(i) promptly give written notice of the proposed
registration to all other Holders; and
(ii) as soon as practicable, use its best efforts
to effect such registration, qualification or compliance (including, without
limitation, the execution of an undertaking to file post-effective amendments,
appropriate qualification under applicable blue sky or other state securities
laws and appropriate compliance with applicable regulations issued under the
Securities Act) as may be so requested and as would permit or facilitate the
sale and distribution of all or such portion of such Registrable Securities as
are specified in such request, together with all or such portion of the
Registrable Securities of any Holder or Holders joining in such request as are
specified in a written request given within fifteen (15) days after receipt of
such written notice from the Company, provided, however, that the Company shall
not be obligated to take any action to effect any such registration,
qualification or compliance pursuant to this Section 5:
(1) In any particular jurisdiction in
which the Company would be required to execute a general consent to service of
process in effecting such registration, qualification or compliance unless the
Company is already subject to service in such jurisdiction and except as may be
required by the Securities Act;
(2) Prior to the earlier of (a) five (5)
years following December 26, 1997, or (b) six months after the effective date of
the registration statement pertaining to the first underwritten firm commitment
public offering of securities of the Company for its own account (other than a
registration relating solely to a Commission Rule 145 transaction or a
registration relating solely to employee benefit plans);
(3) (i) In the case of a demand made by
Initiating Holders, if the Company has previously effected two (2) such
registrations of Preferred (and Ordinary Shares issued upon conversion thereof)
such registrations have been declared or ordered effective and the securities
offered pursuant to such registrations have been sold and (ii) in the case of a
demand made by the Exchangeable Share Initiating Holders, if the Company has
previously effected one (1) such registration of Exchangeable Shares (and
Ordinary Shares issued upon conversion thereof) and such registration has been
declared or ordered effective and the securities offered pursuant to such
registration has been sold.
(4) If at the time of the request to
register Registrable Securities the Company gives notice within thirty (30) days
of such request that it is engaged or has fixed plans to engage within thirty
(30) days of the time of the request in a firmly underwritten registered public
offering in which the Holders may include Registrable Securities pursuant to
Section 5, 6 or 7 hereof.
(5) Within 180 days after the effective
date of any other registration effected pursuant to this Section 5.1.
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<PAGE> 41
Subject to the foregoing clauses (1) through (5) and to Section
5.3, the Company shall file a registration statement covering the Registrable
Securities so requested to be registered as soon as practicable after receipt of
the request of the Initiating Holders or the Exchangeable Share Initiating
Holders, as the case may be.
5.2 Underwriting.
(a) If the Initiating Holders or the Exchangeable Share
Initiating Holders, as the case may be, intend to distribute the Registrable
Securities covered by their request by means of an underwriting, they shall so
advise the Company as a part of their request made pursuant to Section 5 and the
Company shall include such information in the written notice referred to in
Section 5.1. The right of any Holder to registration pursuant to Section 5 shall
be conditioned upon such Holder's participation in such underwriting and the
inclusion of such Holder's Registrable Securities in the underwriting to the
extent requested (unless otherwise mutually agreed by a majority in interest of
the Initiating Holders or the Exchangeable Share Initiating Holders, as the case
may be, and such Holder) as provided herein.
(b) The Company shall (together with all Holders
proposing to distribute their securities through such underwriting) enter into
an underwriting agreement in customary form with the Underwriter selected for
such underwriting by a majority in interest of the Initiating Holders or the
Exchangeable Share Initiating Holders, as the case may be. If any Holder
disapproves of the terms of the underwriting, such person may elect to withdraw
therefrom by written notice to the Company, the Underwriter and the Initiating
Holders or the Exchangeable Share Initiating Holders, as the case may be. The
Registrable Securities and/or other securities so withdrawn from such
underwriting shall also be withdrawn from such registration; provided, however,
that, if by the withdrawal of such Registrable Securities a greater number of
Registrable Securities held by other Holders may be included in such
registration (up to the maximum of any limitation imposed by the underwriters),
then the Company shall offer to all Holders who have included Registrable
Securities in the registration the right to include additional Registrable
Securities in proportion (as nearly as practicable) to the total amount of
Registrable Securities held by each such Holder.
(c) Notwithstanding any other provision of this Section
5, if the Underwriter determines that marketing factors require a limitation on
the number of shares to be underwritten, the Underwriter may limit the number of
Registrable Securities to be included in the registration and underwriting;
provided, however, that the number of shares of Registrable Securities offered
by the Holders and other holders that may be included in the registration and
underwriting shall be allocated among the Holders and other holders in
proportion, as nearly as practicable, to the respective aggregate amounts of
Registrable Securities and other securities entitled to registration held by
such Holders and other holders at the time of filing the registration statement.
If the Underwriter has not so limited the number of Registrable Securities to be
underwritten, the Company may include securities for its own account or the
account of others in such registration if the Underwriter so agrees and if the
number of Registrable Securities which would otherwise have been included in
such registration and underwriting will not thereby be limited or the price
applicable to such included Registrable Securities will not thereby be reduced.
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<PAGE> 42
5.3 Subordination of Certain Rights. To the extent that the
Exchangeable Share Holders shall be able to utilize the closing date of the
Amalgamation as the original purchase date with respect to the Ordinary Shares
that such Exchangeable Share Holders ultimately receive in respect of such
Exchangeable Shares, for purposes of the holding period required under Rule
144(d) of the Securities Act (other than an inability to use such closing date
as the original purchase date for the purposes of Rule 144(d) due to an action
taken by the holder thereof, such as a pledge of shares, which tolls the holding
period under Rule 144(d)) so that such Exchangeable Shares Holders shall be able
to sell their Registrable Securities without registration under the Securities
Act, then the right of the Exchangeable Share Holders to include their
Registrable Securities in any registration as to which they exercise
registration rights shall be subordinate to the other holders of registration
rights and, in this regard, in the event that the underwriters of an offering
determine that marketing restrictions require a limitation in the total number
of shares to be included in the offering on behalf of holders of registration
rights, then all other holders of registration rights shall be entitled to
include the full number of shares in such registration and offering desired by
them before inclusion of shares in such registration and offering on the part of
the Exchangeable Share Holders. This Section 5.3 shall also apply to any
registration effectuated under the terms of Article 6 of this Agreement.
5.4 Delay of Registration. If the Company shall furnish to the
Initiating Holders or the Exchangeable Share Initiating Holders, as the case may
be, a certificate signed by the President of the Company stating that, in the
good faith judgment of the Board of Directors of the Company, it would be not in
the best interests of the Company and its stockholders for such registration
statement to be filed on or before the date filing would be required and it is
therefore appropriate to defer the filing of such registration statement, then
the Company may direct that such request for registration be delayed for a
period not in excess of one hundred and eighty (180) days, such right to delay a
request to be exercised by the Company no more than once in any twelve month
period.
6. COMPANY REGISTRATION.
6.1 Notice of Registration. If at any time or from time to
time the Company shall determine to register any of its equity securities,
either for its own account or the account of a security holder or holders, other
than (a) a registration relating solely to employee benefit plans, or (b) a
registration relating solely to a Rule 145 transaction, the Company shall:
(i) promptly give to each Holder written notice
thereof; and
(ii) include in such registration (and any
related qualification under blue sky laws or other compliance), and in any
underwriting involved therein, all the Registrable Securities specified in a
written request or requests, made within fifteen (15) days after receipt of such
written notice from the Company, by any Holder.
6.2 Underwriting. If the registration of which the Company
gives notice is for a registered public offering involving an underwriting, the
Company shall so advise the Holders as a part of the written notice given
pursuant to Section 6.1(i). In such event the right of any Holder to
registration pursuant to this Section 6 shall be conditioned upon such Holder's
participation in such
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<PAGE> 43
underwriting and the inclusion of Registrable Securities in the underwriting to
the extent provided herein. All Holders proposing to distribute their securities
through such underwriting shall (together with the Company and the other holders
distributing their securities through such underwriting) enter into an
underwriting agreement in customary form with the Underwriter selected for such
Underwriting by the Company. Notwithstanding any other provision of this Section
6, if the Underwriter determines that marketing factors require a limitation of
the number of shares to be underwritten, the underwriter may limit, on a pro
rata basis, the Registrable Securities to be included in such registration;
provided, however, that in no public offering shall other holders of "piggyback"
registration rights participate in such offering unless the Holders (including
the Exchangeable Share Holders, unless such Exchangeable Share Holders shall be
entitled to use the closing date of the Amalgamation as the original purchase
date for their Ordinary Shares for Rule 144(d) purposes in the manner
contemplated by Section 5.3) have participated to the full extent requested. The
Company shall so advise all Holders and other holders distributing their
securities through such underwriting and the number of shares of Registrable
Securities and other securities that may be included in the registration and
underwriting shall be allocated among all Holders and other holders in
proportion, as nearly as practicable, to the respective amounts of Registrable
Securities and other securities entitled to registration held by such Holders
and other holders at the time of filing the registration statement. To
facilitate the allocation of shares in accordance with the above provisions, the
Company may round the number of shares allocated to any Holder or holder to the
nearest one hundred (100) shares. If any Holder or holder disapproves of the
terms of any such underwriting, he may elect to withdraw therefrom by written
notice to the Company and the managing underwriter.
6.3 Right to Terminate Registration. The Company shall have
the right to terminate or withdraw any registration initiated by it under this
Section 6 prior to the effectiveness of such registration whether or not any
Holder has elected to include securities in such registration.
7. REGISTRATION ON FORM F-3.
(a) If any Holder or Holders request that the Company file a
registration statement on Form F-3 (or any successor form to Form F-3) for a
public offering of shares of the Registrable Securities the reasonably
anticipated aggregate price to the public of which, net of underwriting
discounts and commissions, would exceed $1,000,000 and the Company is a
registrant entitled to use Form F-3 to register the Registrable Securities for
such an offering, the Company shall use its best efforts to cause such
Registrable Securities to be registered for the offering on such form and to
cause such Registrable Securities to be qualified in such jurisdictions as the
Holder or Holders may reasonably request; provided, however, that the Company
shall not be obligated to effect more than four (4) registrations under this
Section 7.
(b) Notwithstanding the foregoing, the Company shall not be
obligated to take any action pursuant to this Section 7: (i) more than once in
any twelve (12) month period; (ii) in any particular jurisdiction in which the
Company would be required to execute a general consent to service of process in
effecting such registration, qualification or compliance unless the Company is
already subject to service in such jurisdiction and except as may be required by
the Securities Act; (iii) if the Company, within ten (10) days of the receipt of
the request of a Holder or Holders pursuant to this Section 7, gives notice of
its bona fide intention to effect the filing of a registration statement with
the
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<PAGE> 44
Commission within sixty (60) days of receipt of such request (other than with
respect to a registration statement relating to a Rule 145 transaction, an
offering solely to employees or any other registration which is not appropriate
for the registration of Registrable Securities) in which such Holders can
exercise their rights pursuant to Section 6 hereof; or (iv) during the period
starting with the date sixty (60) days prior to the Company's estimated date of
filing of, and ending on the date three (3) months immediately following, the
effective date of any registration statement pertaining to securities of the
Company (other than a registration of securities in a Rule 145 transaction or
with respect to an employee benefit plan), provided that the Company is actively
employing in good faith all reasonable efforts to cause such registration
statement to become effective.
(c) Registrations effected pursuant to this Section 7 shall
not be counted as demands for registration or registrations effected pursuant to
Section 5 or Section 6, respectively.
8. LIMITATIONS ON SUBSEQUENT REGISTRATION RIGHTS. From and after the
date of this Agreement, the Company shall not, without the consent of Holders of
in excess of 50% of the Registrable Securities, enter into any agreement
granting any holder or prospective holder of any securities of the Company
registration rights with respect to such securities, unless (i) such new
registration rights, including standoff obligations, are on a basis no more
favorable to the holders thereof than those rights of the Holders hereunder
(other than Exchangeable Share Holders, to the extent of subordination under
Section 5.3); or (ii) such new registration rights, including standoff
obligations, are subordinate to the registration rights granted Holders
hereunder.
9. EXPENSES OF REGISTRATION. All Registration Expenses incurred in
connection with all registrations pursuant to Section 5, Section 6 and Section 7
shall be borne by the Company. All Selling Expenses relating to securities
registered on behalf of the Holders shall be borne by the Holders of such
securities pro rata on the basis of the number of shares so registered.
Notwithstanding anything in this Section 9 to the contrary, if the Company
and/or others include securities for their own account pursuant to Section 5.2,
then the Company and such others shall bear their pro rata share of the
Registration Expenses and Selling Expenses.
10. REGISTRATION PROCEDURES. In the case of each registration,
qualification or compliance effected by the Company pursuant to this Agreement,
the Company shall keep each Holder advised in writing as to the initiation of
each registration, qualification and compliance and as to the completion
thereof. At its expense the Company shall:
(a) Prepare and file with the Commission a registration
statement, and all requisite supplements and amendments thereto, with respect to
such securities and use its best efforts to cause such registration statement,
as amended, to become and remain effective for at least one hundred twenty (120)
days or until the distribution described in the Registration Statement has been
completed;
(b) Furnish to the Holders participating in such registration
and to the underwriters of the securities being registered such reasonable
number of copies of the registration statement, and all supplements and
amendments thereto, preliminary prospectus, final prospectus and such other
documents as such Holders may reasonably request in order to facilitate the
public offering of such securities and
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<PAGE> 45
such other information necessary to allow the Holders participating in such
registration to remain reasonably informed about the public offering;
(c) Use its best efforts to register and qualify the
securities covered by such registration statement under such other securities or
blue sky laws of such jurisdictions as shall be reasonably requested by the
Holders participating in such registration; provided, however, that the Company
shall not be required in connection therewith or as a condition thereto to
qualify to do business or to file a general consent to service for process in
any such states or jurisdictions;
(d) In the event of any underwritten public offering, enter
into and perform its obligations under an underwriting agreement, in usual and
customary form, with the underwriter of such offering;
(e) Notify each Holder of Registrable Securities covered by
such registration statement, at any time when a prospectus relating thereto is
required to be delivered under the Securities Act, of the happening of any event
as a result of which the prospectus included in such registration statement, as
then in effect, includes an untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading in the light of the circumstances then
existing; and
(f) Furnish, at the request of any Holder requesting
registration of Registrable Securities pursuant to Section 5, Section 6 or
Section 7 above, on the date that such Registrable Securities are delivered to
the underwriters for sale in connection with a registration statement pursuant
to Section 5, Section 6 or Section 7 above, if such securities are being sold
through underwriters, or, if such securities are not being sold through
underwriters, on the date that the registration statement with respect to such
securities becomes effective, (i) an opinion, dated such date, of counsel
representing the Company for the purposes of registration, if any, and addressed
to the Holders requesting registration of Registrable Securities, in form and
substance as is customarily given by counsel representing the Company to the
underwriters in an underwritten public offering, and (ii) a letter, dated such
date, from the independent certified public accountants of the Company, in form
and substance as is customarily given by independent public accountants to
underwriters in an underwritten public offering, addressed to the underwriters,
if any, and to the Holders requesting registration of Registrable Securities.
11. INDEMNIFICATION.
(a) The Company will indemnify each Holder, each of its
officers and directors and partners, and each person controlling such Holder
within the meaning of Section 15 of the Securities Act, with respect to which
registration, qualification or compliance has been effected pursuant to this
Agreement, and each underwriter, if any, and each person who controls any
underwriter within the meaning of Section 15 of the Securities Act, or the
Securities Exchange Act of 1934, as amended (the "EXCHANGE ACT"), against all
expenses, claims, losses, damages or liabilities (joint or several) (or actions
in respect thereof), to which they become subject under the Securities Act or
the Exchange Act, including any of the foregoing incurred in settlement of any
litigation, commenced or threatened, arising out of or based on any untrue
statement (or alleged untrue statement) of a material fact contained in any
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<PAGE> 46
registration statement, prospectus, offering circular or other document, or any
amendment or supplement thereto, incident to any such registration,
qualification or compliance, or based on any omission (or alleged omission) to
state therein a material fact required to be stated therein or necessary to make
the statements therein, in the light of the circumstances in which they were
made, not misleading, or any violation by the Company of the Securities Act or
the Exchange Act or any rule or regulation promulgated thereunder applicable to
the Company in connection with any such registration, qualification or
compliance, and the Company will pay to each such Holder, each of its officers
and directors, and each person controlling such Holder, each such underwriter
and each person who controls any such underwriter, any legal and any other
expenses reasonably incurred as such expenses are incurred in connection with
investigating, preparing or defending any such claim, loss, damage, liability or
action, provided that the Company will not be liable in any such case to the
extent that any such claim, loss, damage, liability or expense arises out of or
is based on any untrue statement or omission or alleged untrue statement or
omission, made in reliance upon and in conformity with written information
furnished to the Company by an instrument duly executed by such Holder,
controlling person or underwriter and stated to be specifically for use therein;
provided, however, that the indemnity agreement contained in this Section 11(a)
shall not apply to amounts paid in settlement of any such loss, claim, damage,
liability or action if such settlement is effected without the consent of the
Company, which consent shall not be unreasonably withheld.
(b) Each Holder will, if Registrable Securities held by such
Holder are included in the securities as to which such registration,
qualification or compliance is being effected, indemnify the Company, each of
its directors and officers, each underwriter, if any, of the Company's
securities covered by such a registration statement, each person who controls
the Company or such underwriter within the meaning of Section 15 of the
Securities Act or the Exchange Act, and each other such Holder, each of its
officers and directors and each person controlling such Holder within the
meaning of Section 15 of the Securities Act or the Exchange Act, against all
claims, losses, damages and liabilities (or actions in respect thereof) to which
any of the foregoing persons may become subject under the Securities Act or the
Exchange Act, arising out of or based on any untrue statement (or alleged untrue
statement) of a material fact contained in any such registration statement,
prospectus, offering circular or other document, or any omission (or alleged
omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and will reimburse the
Company, such Holders, such directors, officers, persons, underwriters or
control persons for any legal or any other expenses reasonably incurred as such
expenses are incurred in connection with investigating or defending any such
claim, loss, damage, liability or action, in each case to the extent, but only
to the extent, that such untrue statement (or alleged untrue statement) or
omission (or alleged omission) is made in such registration statement,
prospectus, offering circular or other document in reliance upon and in
conformity with written information furnished to the Company by an instrument
duly executed by such Holder and stated to be specifically for use therein;
provided, however, that the indemnity agreement contained in this Section 11(b)
shall not apply to amounts paid in settlement of any such loss, claim, damage,
liability or action if such settlement is effected without the consent of the
Holder, which consent shall not be unreasonably withheld. Notwithstanding the
foregoing, the liability of each Holder under this Section 11(b) shall be
limited to an amount equal to the aggregate proceeds received by such Holder
from the sale of Registrable Securities hereunder, unless such liability arises
out of or is based on willful conduct by such Holder.
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<PAGE> 47
(c) Each party entitled to indemnification under this Section
11 (the "INDEMNIFIED PARTY") shall give notice to the party required to provide
indemnification (the "INDEMNIFYING PARTY") promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnity may be sought, and shall
permit the Indemnifying Party to assume the defense of any such claim or any
litigation resulting therefrom, provided that counsel for the Indemnifying
Party, who shall conduct the defense of such claim or litigation, shall be
approved by the Indemnified Party (whose approval shall not unreasonably be
withheld), and the Indemnified Party may participate in such defense at such
party's expense, and provided further that the failure of any Indemnified Party
to give notice as provided herein shall not relieve the Indemnifying Party of
its obligations under this Agreement unless the failure to give such notice is
materially prejudicial to an Indemnifying Party's ability to defend such action
and provided further, that the Indemnifying Party shall not assume the defense
for matters as to which there is a conflict of interest or separate and
different defenses. No Indemnifying Party, in the defense of any such claim or
litigation, shall, except with the consent of each Indemnified Party, consent to
entry of any judgment or enter into any settlement which does not include as an
unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability in respect to such claim or
litigation.
12. INFORMATION BY HOLDER. The Holder or Holders of Registrable
Securities included in any registration shall furnish to the Company such
information regarding such Holder or Holders, the Registrable Securities held by
them and the distribution proposed by such Holder or Holders as the Company may
reasonably request in writing and as shall be required in connection with any
registration, qualification or compliance referred to in this Agreement.
13. RULE 144 REPORTING. With a view to making available the benefits
of certain rules and regulations of the Commission which may at any time permit
the sale of the Restricted Securities to the public without registration, after
such time as a public market exists for the Ordinary Shares of the Company, the
Company agrees to use its best efforts to:
(a) Make and keep public information available, as those terms
are understood and defined in Rule 144 under the Securities Act, at all times
after the effective date that the Company becomes subject to the reporting
requirements of the Securities Act or the Exchange Act.
(b) Use its best efforts to file with the Commission in a
timely manner all reports and other documents required of the Company under the
Securities Act and the Exchange Act (at any time after it has become subject to
such reporting requirements);
(c) Take such action, including the voluntary registration of
its Ordinary Shares under Section 12 of the Exchange Act, as is necessary to
enable the Holders to utilize Form F-3 for the sale of their Registrable
Securities, such registration under Section 12 to be taken as soon as
practicable after the six-month period following the date on which the first
registration statement filed by the Company for the offering of its securities
to the general public is declared effective.
(d) So long as a Purchaser owns any Restricted Securities to
furnish to the Purchaser forthwith upon request a written statement by the
Company as to its compliance with the reporting
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<PAGE> 48
requirements of said Rule 144 (at any time after ninety (90) days after the
effective date of the first registration statement filed by the Company for an
offering of its securities to the general public), and of the Securities Act and
the Exchange Act (at any time after it has become subject to such reporting
requirements), a copy of the most recent annual or quarterly report of the
Company, and such other reports and documents of the Company and other
information in the possession of or reasonably obtainable by the Company as a
Purchaser may reasonably request in availing itself of any rule or regulation of
the Commission allowing a Purchaser to sell any such securities without
registration.
14. TRANSFER OF REGISTRATION RIGHTS. The rights to cause the Company
to register securities granted to a Holder under Sections 5, 6 and 7 may be
assigned (i) to partners and constituent members, former partners and former
constituent members and Affiliates of that Holder, and (ii) to other persons
provided that (a) such transfer may otherwise be effected in accordance with
applicable securities laws, (b) such assignee or transferee acquires at least
800,000 shares of Registrable Securities (as may be appropriately adjusted upon
any stock split, stock dividend, recapitalization, merger, consolidation or
similar event) and (c) such assignee or transferee agrees to be bound by the
terms of this Agreement and assumes all of the obligations of the transferring
Holder hereunder.
15. STANDOFF AGREEMENT. Each Holder hereby agrees that, during the
period of duration specified by the Company and an underwriter of Ordinary
Shares or other securities of the Company, following the effective date of a
registration statement of the Company filed under the Securities Act, it shall
not, to the extent requested by the Company and such underwriter, directly or
indirectly sell, offer to sell, contract to sell (including, without limitation,
any short sale), grant any option to purchase or otherwise transfer or dispose
of (other than to donees who agree to be similarly bound) any securities of the
Company held by it at any time during such period except Ordinary Shares
included in such registration; provided, however, that:
(a) all officers and directors of the Company enter into
similar agreements; and
(b) the Company shall use all reasonable efforts to obtain a
similar covenant from all holders of at least 1% of the Company's outstanding
securities;
(c) such market stand-off time period shall not exceed one
hundred eighty (180) days except as may be agreed by holders of a majority of
the then outstanding Registrable Securities.
Each Holder agrees to provide to the other underwriters of any public
offering such further agreement as such underwriter may require in connection
with this market stand-off agreement. In order to enforce the foregoing
covenant, the Company may impose stop-transfer instructions with respect to the
Registrable Securities of each Holder (and the shares or securities of every
other person subject to the foregoing restriction) until the end of such period.
-16-
<PAGE> 49
16. TERMINATION OF REGISTRATION RIGHTS. The rights granted and
obligations imposed pursuant to Sections 1 through 15 of this Agreement shall
terminate as to any Holder at such time as such Holder beneficially owns less
than 1% of the Company's outstanding capital stock.
17. RIGHT OF FIRST REFUSAL FOR ISSUANCE OF NEW SECURITIES. The
Company hereby grants to each Major Holder the right of first refusal to
purchase a Pro Rata Share (as defined below) of any New Securities (as defined
in subsection 17(a)) which the Company may, from time to time, propose to sell
and issue. A "PRO RATA SHARE," for purposes of this right of first refusal,
shall be a fraction, the numerator of which is the sum of the number of shares
of Ordinary Shares then held by such Major Holder or issuable to such Major
Holder upon conversion of the Preferred, Exchangeable Shares or Warrants held by
such Major Holder, and the denominator of which is the sum of the total number
of Ordinary Shares then outstanding and the number of Ordinary Shares issuable
upon conversion or exercise of all outstanding capital stock, options or
warrants convertible into or exercisable for Ordinary Shares (without giving
effect to up to 3,746,308 options available for grant pursuant to the Company's
option plan).
(a) Except as set forth below, "NEW SECURITIES" shall mean any
shares of capital stock of the Company, including Ordinary Shares and Preferred,
whether now authorized or not. Not withstanding the foregoing, "NEW SECURITIES"
does not include:
(i) any dividend payable in Ordinary Shares or any
shares issued upon a subdivision or combination of Ordinary Shares;
(ii) Ordinary Shares issued upon conversion of
outstanding equity securities of the Company, including the Preferred and the
Exchangeable Shares;
(iii) Ordinary Shares, or options exercisable therefor,
including options outstanding on the date of this Agreement, issued pursuant to
any existing stock or option plan, as may be amended, or pursuant to a
compensatory stock or option plan which is hereafter approved by the Board of
Directors;
(iv) securities issued in consideration for an
acquisition (whether by merger or otherwise) by the Company;
(v) New Securities sold by the Company in an
underwritten or other public offering pursuant to an effective registration
statement or a prospectus under U.S. or Israeli securities laws;
(vi) New Securities issued in connection with equipment
leases or secured debt financings;
(vii) securities issued on exercise of options or
conversion of convertible securities where the original issuance of the option
or convertible security was subject to this right of first refusal; or
-17-
<PAGE> 50
(viii) securities issued in a transaction where holders of
greater than (a) 66 2/3% of the Series D Preferred, (b) 66 2/3% of the Series
C-1 Convertible Preferred, (c) 50% of the Series B Preferred and (d) 50% of the
Series A Preferred, each agree that this right of first refusal will not apply.
(b) In the event that the Company proposes to undertake an
issuance of New Securities, it shall give each Major Holder written notice of
its intention, describing the type of New Securities, and the price and terms
upon which the Company proposes to issue the same. Each such Major Holder shall
have twenty (20) days from the date of receipt of any such notice to agree to
purchase up to its respective Pro Rata Share of such New Securities for the
price and upon the terms specified in the notice by giving written notice to the
Company and stating therein the quantity of New Securities to be purchased.
(c) In the event that such Major Holder fails to exercise the
right of first refusal within said fifteen (15) day period, the Company shall
have sixty (60) days thereafter to sell or enter into an agreement (pursuant to
which the sale of New Securities covered thereby shall be closed, if at all,
within thirty (30) days from the date of said agreement) to sell the New
Securities not elected to be purchased by such Major Holder at the price and
upon terms no more favorable to the purchasers of such securities than specified
in the Company's notice. In the event that the Company has not sold the New
Securities or entered into an agreement to sell the New Securities within said
sixty (60) day period (or sold and issued New Securities in accordance with the
foregoing within thirty (30) days from the date of said agreement), the Company
shall not thereafter issue or sell any New Securities without first offering
such securities in the manner provided above.
(d) The right of first refusal hereunder is not assignable, in
whole or in part, except (i) by a Major Holder that is a partnership to any of
its partners, (ii) by a Major Holder that is any venture capital group or fund
to an Affiliated entity or person, and (iii) by a Major Holder that is a
corporation to any of its shareholders, provided in any such case that the
transferee beneficially owns following such transfer a sufficient number of
shares of Registrable Securities to constitute a Major Holder.
(e) The right of first refusal granted under this Agreement
shall expire immediately prior to the closing of a Qualified IPO.
18. AFFIRMATIVE COVENANTS. The Company and each Purchaser hereby
covenant and agree as follows:
18.1 Financial Information.
The Company shall provide each Major Holder with the
following financial information:
(a) within 30 days following each month for the twelve
months following December 9, 1996 and within 30 days following each fiscal
quarter thereafter, an executive summary discussing the revenues and operations
of the Company, together with unaudited summary financial
-18-
<PAGE> 51
information (accompanied by an officer's certificate of compliance) for such
period and for the fiscal year to date;
(b) within 90 days following the end of each fiscal
year, a consolidated balance sheet of the Company and its subsidiaries as of
such fiscal year end, consolidated statements of income and cash flow for such
fiscal year, audited and accompanied by the reports of the Company's certified
public accountants (which certified public accountant shall be a "BIG SIX"
accounting firm), and a related management letter as soon as such reports are
available;
(c) Copies of all filings made with the Commission; and
(d) any other financial or other information available
to the Company which such Major Holder shall reasonably request for purposes
properly related to such Major Holder's corporate status as a shareholder of the
Company.
18.2 Confidential Information.
(a) Each Major Holder agrees that any information
obtained by such Major Holder pursuant to Section 18.1 which is, or would
reasonably be perceived to be, proprietary to the Company or otherwise
confidential will not be disclosed without the prior written consent of the
Company. Notwithstanding the foregoing, each Major Holder may disclose such
information, on a need to know basis, to its employees, accountants or
attorneys, or to the employees, accountants or attorneys of its general partner
or investment manager (so long as each such person to whom confidential
information is disclosed agrees to keep such information confidential), in
compliance with a court order or when otherwise necessary to enforce any of the
Major Holder's rights hereunder. Such information may also be disclosed to a
Major Holder's constituent partners, members or shareholders (so long as each
such person to whom confidential information is disclosed agrees to keep such
information confidential). Each Major Holder further acknowledges and
understands that any information will not be utilized by such Major Holder in
connection with purchases and/or sales of the Company's securities except in
compliance with applicable state and federal antifraud statutes.
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<PAGE> 52
18.3 Assignment of Rights to Financial Information. The rights
and obligations pursuant to Sections 18.1 and 18.2 may be assigned or otherwise
conveyed by any Major Holder, or by any subsequent transferee of any such rights
to a transferee, other than to a competitor or customer of the Company, upon
prior written notice to the Company, upon the transfer by such Major Holder of
at least 800,000 shares of Registrable Securities; provided, however, that the
Company shall not be obligated under Section 18.1 to provide to any transferee
information which it deems in good faith to be a trade secret or similar
confidential information.
18.4 Corporate Existence, Licenses and Permits; Maintenance of
Properties. The Company will at all times do or cause to be done all things
necessary to maintain, preserve and renew its existence as a corporation
organized under the laws of Israel, preserve and keep in force and effect, and
cause each of its subsidiaries to preserve and keep in force and effect, all
licenses and permits necessary and material to the conduct of the business of
the Company and its consolidated subsidiaries, taken as a whole, and to maintain
and keep, and cause each of its subsidiaries to maintain and keep, its and their
respective properties in good repair, working order and condition (except for
normal wear and tear), and from time to time to make all needful and proper
repairs, renewals and replacements, including without limitation all trade name
and trademark registration renewals, so that any business material to the
Company carried on in connection therewith may be properly and advantageously
conducted at all times.
18.5 Taxes. The Company will duly pay and discharge, and cause
each of its subsidiaries duly to pay and discharge, all taxes, assessments and
governmental charges upon or against the Company or its subsidiaries or their
respective properties, in each case before the same become delinquent and before
penalties accrue thereon, unless and to the extent that the same are being
contested in good faith and by appropriate proceedings and the Company and its
subsidiaries shall have set aside on their books adequate reserves with respect
thereto.
18.6 Insurance. The Company will apply for and continue in
force, or cause to be applied for and continued in force, adequate insurance
covering the respective risks of the Company and its subsidiaries
-20-
<PAGE> 53
of such types and in such amounts and with such deductibles as are customary for
other corporations engaged in similar lines of business and with good and
responsible insurance companies.
18.7 Books and Accounts. The Company will, and will cause each
subsidiary to, maintain proper books of record and account in which full, true
and correct entries shall be made of its transactions and set aside on its books
from its earnings for each fiscal year all such proper reserves as in each case
shall be required in accordance with generally accepted accounting principles.
18.8 Notice of Events Involving Securities. The Company will
give the Purchasers (a) within ten days thereafter, notice of the filing by the
Company with the Securities and Exchange Commission or with any national
securities exchange either an application to register any securities of the
Company pursuant to Section 12 of the Exchange Act, or a registration statement
under Section 5 of the Securities Act, relating to any securities of the
Company, and (b) as promptly as practicable after any acquisition by it or by
any subsidiary of any of the Company's equity securities in excess in one
transaction of 10% of the number of such securities then outstanding and, in any
event, at the close of each fiscal year, notice of all acquisitions by it or by
any subsidiary of any of the Company's equity securities, specifying the class
and number of such equity securities so acquired.
18.9 Employee Benefit Plans. Neither the Company nor any ERISA
Affiliate (as defined in ERISA) will establish, maintain, contribute to or incur
an obligation to contribute to an Employee Benefit Plan which (i) is subject to
Title IV of ERISA or Section 412 of the Internal Revenue Code or (ii) provides,
or has any liability to provide, life insurance, medical or other employee
welfare benefits after retirement or termination of employment, except as may be
required by Section 4980B of the Internal Revenue Code or similar state laws.
Neither the Company nor any other person, including any fiduciary, will engage
in any transaction prohibited by Section 406 of ERISA or Section 4975 of the
Internal Revenue Code, which could subject the Company, any subsidiary of the
Company or any entity that the Company has an obligation to indemnify to any tax
or penalty imposed under Section 4975 of the Internal Revenue Code or Section
502 of ERISA.
18.10 Lost, etc. Certificates Evidencing Shares; Exchange. Upon
receipt of written notice or other evidence reasonably satisfactory to the
Company of the loss, theft, destruction or mutilation of any of the Company's
shares and, in the case of any such loss, theft or destruction, upon receipt of
a Purchaser's unsecured indemnity agreement, or in the case of any such
mutilation upon surrender and cancellation of such shares, the Company, at the
Company's expense, will make and deliver a new certificate in lieu of the lost,
stolen, destroyed or mutilated certificate carrying the same rights and
obligations as the original certificate. The Company will also pay the cost of
all deliveries of certificates for such shares to such Purchaser (including the
cost of insurance against loss or theft in an amount satisfactory to the
holders) upon any exchange thereof.
18.11 Compliance with Environmental Laws. The Company will use
its best efforts not, and will cause each subsidiary to use its best efforts
not, except in any such case in compliance with applicable Environmental Laws
and except to the extent such activity or the consequences therefore shall not
have a material adverse effect on the Company, individually, or on the Company
and its subsidiaries, taken as a whole, (a) to use any of the property of the
Company or any subsidiary or any portion thereof for the handling, processing,
storage or disposal of Hazardous Substances, (b) to cause or permit to be
located on any of such property any underground tank or other underground
storage receptacle for Hazardous Substances, (c) to generate any Hazardous
Substances on any of such property, (d) to conduct any activity on such property
or use any property in any manner so as to cause a release or threat or
potential for a release of any Hazardous
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<PAGE> 54
Substance on, upon or into such property, or (e) to otherwise conduct any
activity on such property or use any property in any manner that would expose
the Company or any subsidiary to material liability under any Environmental
Laws.
"Environmental Laws" shall mean all federal, state or
local judgments, decrees, orders, laws, licenses, ordinances,
rules or regulations pertaining to environmental matters in any
jurisdiction (whether in the United States, Israel or elsewhere)
in which the Company or any subsidiary is located.
"Hazardous Substances" shall mean any and all hazardous
wastes that in any physical state might represent danger to the
environmental balance because of their corrosive, toxic,
venomous, reactive, explosive, flammable, biological or
irritating conditions, such as: (a) any petroleum or petroleum
products, flammable explosives, radioactive materials, asbestos
in any form that is ore could become friable, urea, formaldehyde,
foam insulation, transformers or other equipment that contain
dielectric fluid containing levels of polychlorinated biphenyl,
and radon gas; (b) any chemicals, materials, substances or wastes
which are now or hereafter become refined as or included in the
definition of "hazardous substances," "hazardous wastes," "toxic
substances," "toxic pollutants," or words of similar import,
under any applicable Environmental Laws; and (c) any other
chemical, material, substance, or waste, exposure to which is now
or hereafter prohibited, limited or regulated by any
Environmental Law or by any federal, state or municipal authority
(whether in the United States, Israel or elsewhere).
18.12 Termination of Rights. The covenants set forth in Section
18 (other than the covenants set forth in Section 18.9 hereof) shall terminate
upon the closing of a Qualified IPO.
19. BOARD OBSERVERS.
(a) Subject to paragraph 19(b) below, each of Softbank, DS
Polaris Ltd. on behalf of the LLC and Other Funds and Accounts ("POLARIS"),
Intel, Evergreen and CDC and their respective affiliates, until the earlier of
(a) such time as such holder or its affiliates hold less than an aggregate of
50% of the Series B Preferred, Series C Preferred or Series D Preferred, as the
case may be, originally purchased by them (and Ordinary Shares issued upon
conversion thereof) and (b) immediately prior to the closing of a Qualified IPO,
shall be entitled (to the extent each such holder does not have a representative
sitting on the Board of Directors) to designate one (1) observer each
(collectively, the "OBSERVERS"), who will attend all meetings of the Board of
Directors and will receive all materials distributed to the Board of Directors.
Softbank's designee shall initially be Ron Schrieber. Polaris' designee shall
initially be Chemi Peres. Evergreen's designee shall initially be Alan Adler.
CDC's designee shall initially be Albert Miguel-Montanes. Each such holder may
change its designee at any time upon notice to the Company.
(b) Each of Softbank, Polaris, Intel, Evergreen and CDC
covenants to keep confidential all information provided to or obtained by their
respective Observers. Furthermore, each of the Observers shall not serve in a
similar capacity of any other company which, in the judgment of the Company, is
engaged in a business that competes with the Company. Insofar as any possibility
of conflict
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<PAGE> 55
of interest may arise with respect to any Observer, all duties and obligations
that a member of the Board of Directors may have by virtue of the law, shall
apply to such Observer.
20. MISCELLANEOUS.
20.1 Aggregation of Shares. For purposes of any provision of
this Agreement requiring a person or entity to hold a minimum number of shares
of Preferred or Exchangeable Shares (or Ordinary Shares issued upon conversion
thereof) or Registrable Securities in order to gain the benefit of such
provision, all shares beneficially owned by Affiliated entities or persons
(including partners and constituent members and former partners and former
constituent members) shall be aggregated together for the purposes of
determining such Holder's status or rights under such provision. For purposes of
this Section 20.1, Bayview shall be deemed an affiliate of Evergreen.
20.2 Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Israel with respect to
matters of corporate law and the State of California with respect to all other
matters; provided, however, that (notwithstanding the foregoing) Section 18 of
this Agreement shall be governed and construed in accordance with the laws of
the State of California, and the Company hereby consents to the jurisdiction of
of any state or federal court in Santa Clara County, California arising out of
or in connection with Section 18 hereof. Each of the Purchasers and the Company
hereby submits to the nonexclusive jurisdiction of the courts in Tel Aviv,
Israel or the United States District Court for the Northern District of
California or any California state court sitting in Santa Clara County,
California, as the case may be, for purposes of all legal proceedings arising
out of or relating to this Agreement and the transactions contemplated hereby.
Each of the Purchasers and the Company irrevocably waives, to the fullest extent
permitted by law, any objection which it may now or hereafter have to the laying
of the venue of any such proceeding brought in such a court and any claim that
any such proceeding brought in such a court has been brought in an inconvenient
forum.
20.3 Survival. The representations, warranties, covenants and
agreements made herein shall survive any investigation made by any Purchaser of
the Series D Preferred and the closing of the transactions contemplated hereby.
20.4 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. Nothing in this Agreement, express or implied, is intended to
confer upon any party other than the parties hereto or their respective
successors and assigns any rights, remedies, obligations, or liabilities under
or by reason of this Agreement, except as expressly provided in this Agreement.
20.5 (a) 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,
and no party shall be liable or bound to any other party
in any manner by any warranties, representations or
covenants except as specifically set forth herein or
therein. In this regard, the parties to each of the Third
Rights Agreement and the Side Letters
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<PAGE> 56
agree that the Third Rights Agreement and the Side Letters are hereby terminated
and shall have no further force and effect, except only that, as between the
Company and GE, the GE Side Letter shall continue to remain in full force and
effect and as between the Company and all of the Series D Holders, the
representations and warranties contained in the side letter dated May 6, 1998
between the Company and the Series D Holders shall survive as set forth in
paragraph 3 thereof. Except as expressly provided herein, neither this Agreement
nor any term hereof may be amended, waived, discharged or terminated other than
by a written instrument signed by the party against whom enforcement of any such
amendment, waiver, discharge or termination is sought; provided, however, that
any provision of this Agreement may be amended, waived or modified with the
written consent of (i) the Company, (ii) the holders of at least a majority of
the Series B Preferred (and Ordinary Shares issued upon conversion thereof) then
outstanding, (iii) the holders of at least 66 2/3% of the Series C-1 Convertible
Preferred (and Ordinary Shares issued upon conversion thereof) then outstanding,
(iv) the holders of at least 66 2/3% of the Series D Convertible Preferred (and
Ordinary Shares issued upon conversion thereof) then outstanding, and (v) the
holders of at least a majority of the Exchangeable Shares (and Ordinary Shares
issued upon conversion thereof) then outstanding and having rights pursuant to
this Agreement.
(b) Additional Parties. The Company and the
Shareholders whose signatures appear on the signature page hereto agree that
should the Company sell additional shares of Series D Preferred to Additional
Purchasers (as defined in the Purchase Agreement), such Additional Purchasers
shall, after executing copies of this Agreement as an additional Purchaser
hereunder, become Shareholders hereunder and shall have all rights of
Shareholders hereunder.
20.6 Notices. All notices and other communications required or
permitted hereunder shall be in writing, shall be effective when given, and
shall in any event be deemed to be given upon receipt or, if earlier, (a) five
(5) days after deposit with the U.S. Postal Service or other applicable postal
service, if delivered by first class mail, postage prepaid if addressed to a
party in the same country or twenty (20) days after deposit with the U.S. Postal
Service or other applicable postal service, if delivered by first class mail,
postage prepaid if addressed to a party in a different country, (b) upon
delivery, if delivered by hand, (c) two (2) business day after the business day
of deposit with Federal Express or similar overnight courier, freight prepaid or
(d) one (1) business day after the business day of facsimile transmission, if
delivered by facsimile transmission with copy by first class mail, postage
prepaid, and shall be addressed (i) if to a Purchaser, at such Purchaser's
address as set forth in the Purchase Agreement other than for the Exchangeable
Share Holders whose address shall be as set forth in the records of the Company,
and (ii) if to the Company, at the address of its principal corporate offices
(attention: Secretary), or at such other address as a party may designate by ten
days' advance written notice to the other party pursuant to the provisions
above.
20.7 Delays or Omissions. Except as expressly provided herein,
no delay or omission to exercise any right, power or remedy accruing to any
Holder of any Registrable Securities, 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 thereafter
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
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<PAGE> 57
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.
20.8 Enforcement of Covenants. The Company hereby acknowledges
that remedies at law may be inadequate to protect the Purchasers against any
actual or threatened breach by the Company or any of its subsidiaries of the
covenants contained in Section 18 hereof and agree that the Purchasers shall be
entitled to seek specific performance of such covenants and injunctive or other
equitable relief as a remedy for any such breach; the Company further agrees to
waive any requirement for the securing or posting of any bond in connection with
such remedy. Such remedy shall not be deemed to be the exclusive remedy for the
breach of such covenants, but shall be in addition to all other remedies
available to the Purchasers at law or equity.
20.9 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.
20.10 Severability. In the event that any provision of this
Agreement becomes or is declared by a court of competent jurisdiction to be
illegal, unenforceable or void, this Agreement shall continue in full force and
effect without said provision; provided that no such severability shall be
effective if it materially changes the economic benefit of this Agreement to any
party.
20.11 Titles and Subtitles. The titles and subtitles used in
this Agreement are used for convenience only and are not considered in
construing or interpreting this Agreement.
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<PAGE> 58
[Signature Page to Fourth Amended and Restated Rights Agreement]
The foregoing agreement is hereby executed as of the date first
above written.
BACKWEB TECHNOLOGIES LTD.
By: /s/ [Signature Illegible]
------------------------------------
Name:
Title:
<PAGE> 59
[Signature Page to Fourth Amended and Restated Rights Agreement]
SOFTBANK VENTURES, INC.
By: /s/ YOSHITAKA KITAO
------------------------------------
Name: Yoshitaka Kitao
Title: President and CEO
<PAGE> 60
[Signature Page to Fourth Amended and Restated Rights Agreement]
GS CAPITAL PARTNERS II, L.P.,
By: GS Advisors, L.P.
Its General Partner
By: GS Advisors, Inc.
Its General Partner
By: /s/ EVE M. GERRIETS
------------------------------------
Name: Eve M. Gerriets
Title: Vice 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/ EVE M. GERRIETS
------------------------------------
Name: Eve M. Gerriets
Title: Vice President
GOLDMAN, SACHS & CO. VERWALTUNGS GmbH
By: /s/ [Signature Illegible]
------------------------------------
Managing Director
and
/s/ EVE M. GERRIETS
------------------------------------
Registered Agent
STONE STREET FUND 1996, L.P.
By: Stone Street Empire Corp.,
General Partner
By: /s/ EVE M. GERRIETS
------------------------------------
Vice President
BRIDGE STREET FUND 1996, L.P.
By: Stone Street Empire Corp.
Managing General Partner
By: /s/ EVE M. GERRIETS
------------------------------------
Vice President
<PAGE> 61
[Signature Page to Fourth Amended and Restated Rights Agreement]
TRINITY VENTURES V, L.P.
By: /s/ [Signature Illegible]
------------------------------------
Name:
Title:
<PAGE> 62
[Signature Page to Fourth Amended and Restated Rights Agreement]
TRINITY V SIDE-BY-SIDE FUND, L.P.
By: /s/ [Signature Illegible]
------------------------------------
Name:
Title: General Partner of Trinity TVL
Partners, V, L.P.
General Partner for Trinity V
Side-By-Side Fund, L.P.
<PAGE> 63
[Signature Page to Fourth Amended and Restated Rights Agreement]
POLARIS FUND II (TAX EXEMPT) LLC
On behalf of the LLC and Other Funds and Accounts
By: /s/ CHEMI PERES
---------------------------------------------
Name: Chemi Peres
Title: Managing General Partner
<PAGE> 64
[Signature Page to Fourth Amended and Restated Rights Agreement]
NIRBARKAT HOLDINGS LTD.
By: /s/ [Signature Illegible]
------------------------------------
Name:
Title:
<PAGE> 65
[Signature Page to Fourth Amended and Restated Rights Agreement]
ELIBARKAT HOLDINGS LTD.
By: /s/ [Signature Illegible]
------------------------------------
Name:
Title:
<PAGE> 66
[Signature Page to Fourth Amended and Restated Rights Agreement]
YUVAL RAKAVY 63 HOLDINGS (1995) LTD.
By: /s/ [Signature Illegible]
------------------------------------
Name:
Title:
<PAGE> 67
[Signature Page to Fourth Amended and Restated Rights Agreement]
INTEL CORPORATION
By: /s/ ARVIND SODHANI
------------------------------------
Name: Arvind Sodhani
Title: Vice President and Treasurer
<PAGE> 68
[Signature Page to Fourth Amended and Restated Rights Agreement]
1247582 ONTARIO INC.
By: /s/ ANTHONY DAVIS
------------------------------------
Anthony Davis
<PAGE> 69
[Signature Page to Fourth Amended and Restated Rights Agreement]
/s/ JOE LEVY
----------------------------------------
Joe Levy
<PAGE> 70
[Signature Page to Fourth Amended and Restated Rights Agreement]
/s/ PETER KESTENBAUM
----------------------------------------
Peter Kestenbaum
<PAGE> 71
[Signature Page to Fourth Amended and Restated Rights Agreement]
CDC VALEURS DE CROISSANCE
By: /s/ [Signature Illegible]
------------------------------------
Name: [Illegible]
Title: COO
<PAGE> 72
[Signature Page to Fourth Amended and Restated Rights Agreement]
GENERAL ELECTRIC PENSION TRUST
by General Electric Investment Corporation,
its Investment Manager
By: /s/ DAVID W. WIEDERACHT
---------------------------------------
Name: David W. Wiederacht
Title: Vice President
<PAGE> 73
[Signature Page to Fourth Amended and Restated Rights Agreement]
NIPPON INVESTMENT & FINANCE CO.
By: /s/ RYONOSUKE MIYOSHI
---------------------------------------
Name: Ryonosuke Miyoshi
Title: Senior Managing Director
Investment Enterprise Partnership "NIF9"
By: /s/ RYONOSUKE MIYOSHI
---------------------------------------
Name: Ryonosuke Miyoshi
Title: Senior Managing Director
Investment Enterprise Partnership "NIF10A"
By: /s/ RYONOSUKE MIYOSHI
---------------------------------------
Name: Ryonosuke Miyoshi
Title: Senior Managing Director
Investment Enterprise Partnership "NIF10B"
By: /s/ RYONOSUKE MIYOSHI
---------------------------------------
Name: Ryonosuke Miyoshi
Title: Senior Managing Director
Investment Enterprise Partnership
"NIF Ventures 21A"
By: /s/ RYONOSUKE MIYOSHI
---------------------------------------
Name: Ryonosuke Miyoshi
Title: Senior Managing Director
Investment Enterprise Partnership
"NIF Ventures 21B"
By: /s/ RYONOSUKE MIYOSHI
---------------------------------------
Name: Ryonosuke Miyoshi
Title: Senior Managing Director
<PAGE> 74
[Signature Page to Fourth Amended and Restated Rights Agreement]
By: /s/ [Signature Illegible]
---------------------------------------
Name:
Title:
<PAGE> 75
[Signature Page to Fourth Amended and Restated Rights Agreement]
EVERGREEN INTERNATIONAL
INVESTMENTS N.V.
By: /s/ [Signature Illegible]
---------------------------------------
Name:
Title:
EVERGREEN CANADA-ISRAEL MANAGEMENT
LIMITED
By: /s/ [Signature Illegible]
---------------------------------------
Name:
Title:
<PAGE> 76
[Signature Page to Fourth Amended and Restated Rights Agreement]
Investment Enterprise Partnership
"NIF New Technology Fund '98"
By: /s/ RYONOSUKE MIYOSHI
---------------------------------------
Name: Ryonosuke Miyoshi
Title: Senior Managing Director
By: /s/ [Signature Illegible]
---------------------------------------
Name:
Title:
<PAGE> 77
[Signature Page to Fourth Amended and Restated Rights Agreement]
COLIN SAMPALEANU
By: /s/ COLIN SAMPALEANU
---------------------------------------
Colin Sampaleanu
<PAGE> 78
[Signature Page to Fourth Amended and Restated Rights Agreement]
DENNIS BENNIE
By: /s/ DENNIS BENNIE
---------------------------------------
Dennis Bennie
<PAGE> 79
[Signature Page to Fourth Amended and Restated Rights Agreement]
ALTAMIRA MANAGEMENT LIMITED
As Agent for Royal Trust Corporation of
Canada, in Trust for Account No.
104072001
THE TRIATE GROWTH FUND
By: /s/ ALEX SASSO
---------------------------------------
Name: Alex Sasso
Title: VP
<PAGE> 80
[Signature Page to Fourth Amended and Restated Rights Agreement]
FIRST MARATHON SECURITIES LTD.
By: /s/ GERHARD WETZEL
---------------------------------------
Name: Gerhard Wetzel
Title: Vice President Compliance
<PAGE> 81
[Signature Page to Fourth Amended and Restated Rights Agreement]
ALBERT AMATO
By: /s/ ALBERT AMATO
---------------------------------------
Albert Amato
<PAGE> 82
[Signature Page to Fourth Amended and Restated Rights Agreement]
JENNIFER SILVER
By: /s/ JENNIFER SILVER
---------------------------------------
Jennifer Silver
<PAGE> 83
[Signature Page to Fourth Amended and Restated Rights Agreement]
FIRST MARATHON SECURITIES LTD.
(M. Skapinker) 307618 Canada Inc.
By: /s/ [Signature Illegible]
---------------------------------------
Name: Illegible
Title: Illegible
<PAGE> 84
[Signature Page to Fourth Amended and Restated Rights Agreement]
RANDY BUSCH
By: /s/ RANDY BUSCH
---------------------------------------
Randy Busch
<PAGE> 85
[Signature Page to Fourth Amended and Restated Rights Agreement]
GARY REWALD
By: /s/ GARY REWALD
---------------------------------------
Gary Rewald
<PAGE> 86
[Signature Page to Fourth Amended and Restated Rights Agreement]
PROTEGE SOFTWARE (HOLDINGS) LTD
By: /s/ [Signature Illegible]
---------------------------------------
Name: Illegible
Title: Illegible
<PAGE> 87
[Signature Page to Fourth Amended and Restated Rights Agreement]
DAVID DAVIS
By: /s/ DAVID DAVIS
---------------------------------------
David Davis
<PAGE> 88
[Signature Page to Fourth Amended and Restated Rights Agreement]
EUGENE ELLENBOGEN
By: /s/ EUGENE ELLENBOGEN
---------------------------------------
Eugene Ellenbogen
<PAGE> 89
[Signature Page to Fourth Amended and Restated Rights Agreement]
BITAHON LTD.
By: /s/ [Signature Illegible]
---------------------------------------
Name: Illegible
Title: President
<PAGE> 90
Schedule I
SERIES A HOLDERS
NIRBARKAT HOLDINGS LTD.
ELIBARKAT HOLDINGS LTD.
YUVAL RAKAVY (63) HOLDINGS LTD.
NASCHITZ, BRANDES & CO.
SERIES B HOLDERS
SOFTBANK VENTURES, INC.
PETER J. MOONEY AS NOMINEE FOR THE BROADVIEW INVESTOR GROUP
SERIES C HOLDERS
GOLDMAN, SACHS & CO. VERWALTUNGS GMBH
GS CAPITAL PARTNERS II, L.P.
GS CAPITAL PARTNERS II OFFSHORE, L.P.
STONE STREET FUND 1996, L.P.
BRIDGE STREET FUND 1996, L.P.
TRINITY VENTURES V, L.P.
TRINITY V SIDE-BY-SIDE FUND, L.P.
DS POLARIS LTD. ON BEHALF OF THE LLC AND OTHER FUNDS AND ACCOUNTS
EVERGREEN INTERNATIONAL INVESTMENTS N.V.
EVERGREEN CANADA-ISRAEL MANAGEMENT LIMITED
IJT TECHNOLOGIES LTD. N.V.
BAYVIEW, LTD.
PETER J. MOONEY AS NOMINEE FOR THE BROADVIEW INVESTOR GROUP
NIRBARKAT HOLDINGS LTD.
ELIBARKAT HOLDINGS LTD.
YUVAL RAKAVY (63) HOLDINGS LTD.
INTEL CORPORATION
SERIES D HOLDERS
NIRBARKAT HOLDINGS LTD.
ELIBARKAT HOLDINGS LTD.
YUVAL RAKAVY (63) HOLDINGS LTD.
BARE L.L.C. (Charles Federman)
GOLDMAN, SACHS & CO. VERWALTUNGS GMBH
GS CAPITAL PARTNERS II, L.P.
GS CAPITAL PARTNERS II OFFSHORE, L.P.
STONE STREET FUND 1996, L.P.
BRIDGE STREET FUND 1996, L.P.
TRINITY VENTURES V, L.P.
TRINITY V SIDE-BY-SIDE FUND, L.P.
DS POLARIS LTD. ON BEHALF OF THE LLC AND OTHER FUNDS AND ACCOUNTS
EVERGREEN INTERNATIONAL INVESTMENTS N.V.
EVERGREEN CANADA-ISRAEL MANAGEMENT LIMITED
<PAGE> 91
IJT TECHNOLOGIES LTD. N.V.
BAYVIEW, LTD.
INTEL CORPORATION
CLARIDEN BANK
NIPPON INVESTMENT & FINANCE CO.
NIF 8
NIF 9
NIF 10-A
NIF 10-B
NIF 11
NIF VENTURES 21A
NIF VENTURES 21B
SOFTBANK VENTURES, INC.
GENERAL ELECTRIC PENSION TRUST
IBOCCI 2 LIMITED
CDC VALEURS DE CROISSANCE
WILLIAM DONNER
RAMSEY BEIRNE PARTNERS LLC
ML IBK POSITIONS, INC.
MARK FINKEL
EXCHANGEABLE SHARE HOLDERS
1247582 ONTARIO INC.
DENNIS BENNIE
ALBERT AMATO
DAVID DAVIS
LAWRENCE & COMPANY INC.
ALTAMIRA MANAGEMENT LIMITED AS AGENT FOR ROYAL TRUST CORPORATION OF
CANADA, IN TRUST FOR ACCOUNT NO. 104072001
BLOOM INVESTMENT COUNSEL
AMARANTH RESOURCES LIMITED
THE CANADA TRUST COMPANY A/C 05105803 2
TORBAY COMPANY
BRANT INVESTMENTS LIMITED
FIRST MARATHON SECURITIES LIMITED
FIRST MARATHON SECURITIES LIMITED (M. SKAPINKER)
LEE TURNER
MELVIN DINNER
JEAN BARFORD
EUGENE ELLENBOGEN
GLEN MORELL
RANDY BUSCH
DENNIS WU
GARY REWALD
MARK VIDOV
JENNIFER SILVER
COLIN SAMPALEANU
PROTEGE SOFTWARE
-2-
<PAGE> 92
BackWeb Ltd.
[Signature Page to Fourth Amended and Restated Rights Agreement]
By: /s/ ARVIND SODHANI
---------------------------------------
Name: Arvind Sodhani
Title: President and Treasurer
<PAGE> 93
EXHIBIT (99.2)
EXECUTION COPY
BACKWEB TECHNOLOGIES LTD.
ORDINARY SHARES
----------------------
UNDERWRITING AGREEMENT
June 7, 1999
Goldman, Sachs & Co.,
BancBoston Robertson Stephens Inc.
Lehman Brothers Inc.
Wit Capital Corporation
As representatives of the several Underwriters
named in Schedule I hereto,
c/o Goldman, Sachs & Co.
2765 Sand Hill Road
Menlo Park, CA 94025
Ladies and Gentlemen:
BackWeb Technologies Ltd., an Israeli corporation (the "Company"),
proposes, subject to the terms and conditions stated herein, to issue and sell
to the Underwriters named in Schedule I hereto (the "Underwriters") an aggregate
of 5,500,000 ordinary shares (the "Ordinary Shares") (the "Firm Shares") and, at
the election of the Underwriters, up to 825,000 additional Ordinary Shares (the
"Optional Shares"). The Firm Shares and the Optional Shares that the
Underwriters elect to purchase pursuant to Section 2 hereof are herein
collectively called the "Shares".
1. The Company and BackWeb Technologies, Inc., a Delaware corporation
(the "U.S. Subsidiary") each, jointly and severally, represents and warrants to,
and agrees with, each of the Underwriters that:
(a) A registration statement on Form F-1 (File No. 333-10358)
(the "Initial Registration Statement") in respect of the Shares has been
filed with the Securities and Exchange Commission (the "Commission");
the Initial Registration Statement and any post-effective amendment
thereto, each in the form heretofore delivered to you, and, excluding
exhibits thereto, to you for each of the other Underwriters, have been
declared
1
<PAGE> 94
effective by the Commission in such form; other than a registration
statement, if any, increasing the size of the offering (a "Rule 462(b)
Registration Statement"), filed pursuant to Rule 462(b) under the
Securities Act of 1933, as amended (the "Act), which became effective
upon filing, no other document with respect to the Initial Registration
Statement has heretofore been filed with the Commission; and no stop
order suspending the effectiveness of the Initial Registration
Statement, any post-effective amendment thereto or the Rule 462(b)
Registration Statement, if any, has been issued and no proceeding for
that purpose has been initiated or threatened by the Commission (any
preliminary prospectus included in the Initial Registration Statement or
filed with the Commission pursuant to Rule 424(a) of the rules and
regulations of the Commission under the Act is hereinafter called a
"Preliminary Prospectus"; the various parts of the Initial Registration
Statement and the Rule 462(b) Registration Statement, if any, including
all exhibits thereto and including the information contained in the form
of final prospectus filed with the Commission pursuant to Rule 424(b)
under the Act in accordance with Section 5(a) hereof and deemed by
virtue of Rule 430A under the Act to be part of the Initial Registration
Statement at the time it was declared effective, each as amended at the
time such part of the Initial Registration Statement became effective or
such part of the Rule 462(b) Registration Statement, if any, became or
hereafter becomes effective, are hereinafter collectively called the
"Registration Statement"; and such final prospectus, in the form first
filed pursuant to Rule 424(b) under the Act, is hereinafter called the
"Prospectus";
(b) No order preventing or suspending the use of any Preliminary
Prospectus has been issued by the Commission, and each Preliminary
Prospectus, at the time of filing thereof, conformed in all material
respects to the requirements of the Act and the rules and regulations of
the Commission thereunder, and did not contain an untrue statement of a
material fact or omit to state a material fact required to be stated
therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided,
however, that this representation and warranty shall not apply to any
statements or omissions made in reliance upon and in conformity with
information furnished in writing to the Company by an Underwriter
through Goldman, Sachs & Co. expressly for use therein;
(c) The Registration Statement conforms, and the Prospectus and
any further amendments or supplements to the Registration Statement or
the Prospectus will conform, in all material respects to the
requirements of the Act and the rules and regulations of the Commission
thereunder and do not and will not, as of the applicable effective date
as to the Registration Statement and any amendment thereto and as of the
applicable filing date as to the Prospectus and any amendment or
supplement thereto, contain an untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary
to make the statements therein not misleading; provided, however, that
this representation and warranty shall not apply to any statements or
omissions made in reliance upon and in conformity with information
furnished in writing to the Company by an Underwriter through Goldman,
Sachs & Co. expressly for use therein;
(d) Neither the Company nor any of its significant subsidiaries
(as defined in Rule 405 under the Act and as indicated on Schedule II
hereto) (the "Subsidiaries") has sustained since the date of the latest
audited financial statements included in the Prospectus any material
loss or interference with its business from fire, explosion, flood or
2
<PAGE> 95
other calamity, whether or not covered by insurance, or from any labor
dispute or court or governmental action, order or decree, otherwise than
as set forth or contemplated in the Prospectus; and, since the
respective dates as of which information is given in the Registration
Statement and the Prospectus, there has not been any change in the share
capital or long-term debt of the Company or any of the Subsidiaries or
any material adverse change, or any development which could reasonably
be expected to result in a material adverse change, in or affecting the
general affairs, management, financial position, shareholders' equity or
results of operations of the Company and the Subsidiaries, taken as a
whole, otherwise than as set forth or contemplated in the Prospectus;
Schedule II attached hereto sets forth a list of all subsidiaries of the
Company;
(e) The Company and the Subsidiaries have good and marketable
title in fee simple to all real property owned by them and good and
marketable title to all personal property owned by them, in each case
free and clear of all liens, encumbrances and defects except such as are
described in the Prospectus or such as do not materially affect the
value of such property and do not interfere with the use made and
proposed to be made of such property by the Company and the
Subsidiaries; and any real property and buildings held under lease by
the Company and the Subsidiaries are held by them under valid,
subsisting and enforceable leases with such exceptions as are not
material and do not materially interfere with the use made and proposed
to be made of such property and buildings by the Company and the
Subsidiaries;
(f) The Company has been duly incorporated and is validly
existing as a corporation under the laws of the State of Israel, with
corporate power and authority to own its properties and conduct its
business as described in the Prospectus; the U.S. Subsidiary has been
duly incorporated and is validly existing as a corporation in good
standing under the laws of the State of Delaware, with corporate power
and authority to own its properties and conduct its business as it is
currently being conducted;
(g) Each of the Company and the U.S. Subsidiary has been duly
qualified as a foreign corporation for the transaction of business and
is in good standing under the laws of each other jurisdiction in which
it owns or leases properties or conducts any business so as to require
such qualification, except where the failure to so qualify would not,
individually or in the aggregate, have a material adverse effect on the
general affairs, management, or current of future financial position,
shareholders' equity, results of operations or business prospects of the
Company and the subsidiaries taken as a whole ("Material Adverse
Effect"); and each Subsidiary (excluding the U.S. Subsidiary) has been
duly incorporated and is validly existing as a corporation in good
standing under the laws of its jurisdiction of incorporation;
(h) The Company has an authorized capitalization as set forth in
the Prospectus, and all of the issued shares of the Company have been
duly and validly authorized and issued and are fully paid and
non-assessable and conform to the description of the Ordinary Shares
contained in the Prospectus; and all of the issued shares of capital
stock of each Subsidiary have been duly and validly authorized and
issued, are fully paid and non-assessable and are owned directly or
indirectly by the Company, free and clear of all liens, encumbrances,
equities or claims; the holders of outstanding shares of capital stock
of the Company are not entitled to preemptive or other rights to acquire
the Shares, except
3
<PAGE> 96
for such rights as have been waived, nor does any such holder have
rights to require registration of any securities of the Company in
connection with the registration of the Shares, except for such rights
as have been satisfied or waived; there are no outstanding securities
convertible into or exchangeable for, or warrants, rights or options to
purchase from the Company, or obligations of the Company to issue,
Ordinary Shares or any other class of share capital of the Company,
except as set forth in the Prospectus; and there are no restrictions on
subsequent transfers of the Shares under the laws of State of Israel and
of the United States, except as set forth in the Prospectus;
(i) The Shares to be issued and sold by the Company to the
Underwriters hereunder have been duly and validly authorized and, when
issued and delivered against payment therefor as provided herein, will
be duly and validly issued and fully paid and non-assessable and will
conform to the description of the Ordinary Shares contained in the
Prospectus;
(j) All dividends and other distributions declared and payable on
the Shares may under the current laws and regulations of the State of
Israel be paid in Israeli currency that may be converted into foreign
currency that may be freely transferred out of the State of Israel, and,
except as described in the Prospectus, all such dividends and other
distributions will not be subject to withholding or other taxes under
the laws and regulations of the State of Israel and are otherwise free
and clear of any other tax, withholding or deduction in the State of
Israel and without the necessity of obtaining any Governmental
Authorization in the State of Israel;
(k) The issue and sale of the Shares to be sold by the Company
hereunder and the compliance by the Company and the U.S. Subsidiary with
the provisions of this Agreement and the consummation of the
transactions herein contemplated will not conflict with or result in a
breach or violation of any of the terms or provisions of, or constitute
a default under, any material indenture, mortgage, deed of trust, loan
agreement or other agreement or instrument to which the Company or any
of the Subsidiaries is a party or by which the Company or any of the
Subsidiaries is bound or to which any of the property or assets of the
Company or any of the Subsidiaries is subject, nor will such action
result in any violation of the provisions of the charter documents of
the Company or the U.S. Subsidiary or any statute or any order, rule or
regulation of any court or governmental agency or body or any stock
exchange authority (hereinafter referred to as a "Governmental Agency")
having jurisdiction over the Company or any of the Subsidiaries or any
of their properties; and no consent, approval, authorization, order,
registration, clearance or qualification of or with any such
Governmental Agency (hereinafter referred to as "Governmental
Authorizations") is required for the issue and sale of the Shares or the
consummation by the Company of the transactions contemplated by this
Agreement, except (A) the registration under the Act of the Shares, (B)
such Governmental Authorizations as have been duly obtained and are in
full force and effect and copies of which have been furnished to you (C)
the approval by the National Association of Securities Dealers, Inc.
("NASD") of the terms of the sale of the Shares and (D) such
Governmental Authorizations as may be required under state securities or
Blue Sky laws;
(l) Neither the Company nor any of the Subsidiaries is in
violation of its charter documents or in default in the performance or
observance of any material obligation,
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<PAGE> 97
agreement, covenant or condition contained in any material indenture,
mortgage, deed of trust, loan agreement, lease or other agreement or
instrument to which it is a party or by which it or any of its
properties may be bound;
(m) No stamp or other issuance or transfer taxes or duties and,
assuming that the Underwriters are not otherwise subject to taxation in
Israel, no capital gains, income, withholding or other taxes are payable
by or on behalf of the Underwriters to the State of Israel or any
political subdivision or taxing authority thereof or therein in
connection with the sale and delivery by the Company of the Shares to or
for the respective accounts of the Underwriters;
(n) The statements set forth in the Prospectus under the caption
"Description of Share Capital", insofar as they purport to constitute a
summary of the terms of the Ordinary Shares and under the captions "Risk
Factors -- We are incorporated in Israel and have important facilities
and resources located in Israel", "-- We rely upon tax benefits and
other funding from the State of Israel" and "-- Israeli courts might not
enforce judgments rendered outside of Israel" and "United States Federal
Income Tax Consideration", "Israeli Taxation and Investment Programs",
"Conditions in Israel" and "Underwriting", insofar as they purport to
describe the provisions of the laws and documents referred to therein,
are accurate summaries of and descriptions of such terms and provisions
in all material respects;
(o) Other than as set forth in the Prospectus, there are no legal
or governmental proceedings pending to which the Company or any of the
Subsidiaries is a party or of which any property of the Company or any
of the Subsidiaries is the subject which, if determined adversely to the
Company or any of the Subsidiaries, would individually or in the
aggregate have a Material Adverse Effect; and, to the Company's and the
U.S. Subsidiary's knowledge, no such proceedings are threatened or
contemplated by any Governmental Agency or threatened by others;
(p) The Company is not and, after giving effect to the offering
and sale of the Shares, will not be an "investment company", as such
term is defined in the Investment Company Act of 1940, as amended (the
"Investment Company Act");
(q) The Company is not, as of the Time of Purchase, a Passive
Foreign Investment Company ("PFIC") within the meaning of Section 1296
of the United States Internal Revenue Code of 1986, as amended, and, to
the Company's knowledge, is not likely to become a PFIC;
(r) Neither the Company nor any of its affiliates does business
with the government of Cuba or with any person or affiliate located in
Cuba within the meaning of Section 517.075, Florida Statutes;
(s) Ernst & Young LLP, who have certified certain financial
statements of the Company and the Subsidiaries, are independent public
accountants as required by the Act and the rules and regulations of the
Commission thereunder;
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<PAGE> 98
(t) The Company has reviewed its operations and that of the
Subsidiaries and any third parties with which the Company or any of the
Subsidiaries has a material relationship to evaluate the extent to which
the business or operations of the Company or any of the Subsidiaries
will be affected by the Year 2000 Problem. As a result of such review,
the Company represents and warrants that the disclosure in the
Registration Statement relating to the Year 2000 Problem is accurate and
complies in all material respects with the rules and regulations of the
Act. The "Year 2000 Problem" as used herein means the Year 2000 issues
described in or contemplated by the Commission's Interpretation:
Disclosure of Year 2000 Issues and Consequences by Public Companies,
Investment Advisers, Investment Companies, and Municipal Securities
Issuers (Release No. 333-10358);
(u) The Company is in material compliance with all terms and
conditions of the laws and regulations regarding all "Approved
Enterprise" designations under the Law for Encouragement of Capital
Investments, 1959, of the State of Israel, as amended (the "Investment
Act");
(v) The Company qualifies as an "Industrial Company" within the
definition of the Law for the Encouragement of Industry (Taxes), 1969,
of the State of Israel (the "Industry Act");
(w) The Company and the Subsidiaries have sufficient interest in
all licenses, inventions, copyrights, know-how (including trade secrets
and other unpatented and/or unpatentable proprietary or confidential
information, systems or procedures), trademarks, service marks and trade
names, and all patents and patent rights ("Intellectual Property")
necessary to carry on its respective business as described in the
Prospectus, and, except as set forth in the Prospectus, neither the
Company nor any Subsidiary has received any written or to the Company's
knowledge, oral correspondence relating to any Intellectual Property of
the Company or notice of infringement of or conflict with asserted
rights of others with respect to any Intellectual Property of the
Company which the Company or the U.S. Subsidiary believes would, singly
or in the aggregate, have a Material Adverse Effect;
(x) No material labor dispute with the employees of the Company
or any Subsidiary exists, or, to the knowledge of the Company or the
U.S. Subsidiary, is imminent; and neither the Company nor the U.S.
Subsidiary is aware of any existing, threatened or imminent labor
disturbance by the employees of any of its principal suppliers,
manufacturers or contractors that could reasonably be expected to result
in a Material Adverse Effect;
(y) The Company and the Subsidiaries are insured by insurers of
recognized financial responsibility against such losses and risks and in
such amounts as are prudent and customary in the business in which they
are engaged; and the Company and the Subsidiaries have no reason to
believe that they will not be able to renew their existing insurance
coverage as and when such coverage expires or to obtain similar coverage
from similar insurers as may be necessary to continue their business at
a cost that would not have a Material Adverse Effect;
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<PAGE> 99
(z) Each of the Company and the Subsidiaries possesses all
certificates, authorizations and permits issued by the appropriate
federal, state or foreign regulatory authorities necessary to conduct
its respective business, except to the extent that the failure to
possess such certificates, authorizations and permits would not have a
Material Adverse Effect, and neither the Company nor any Subsidiary has
received any notice of proceedings relating to the revocation or
modification of any such certificate, authorization or permit which,
individually or in the aggregate, if the subject of an unfavorable
decision, ruling or finding, would result in Material Adverse Effect;
and
(aa) Each of the Company and the Subsidiaries maintains a system
of internal accounting controls sufficient to provide reasonable
assurance that (i) transactions are executed in accordance with
management's general or specific authorizations; (ii) transactions are
recorded as necessary to permit preparation of financial statements in
conformity with generally accepted accounting principles and to maintain
asset accountability; (iii) access to assets is permitted only in
accordance with management's general or specific authorization; and (iv)
the recorded accountability for assets is compared with the existing
assets at reasonable intervals and appropriate action is taken with
respect to any differences.
2. Subject to the terms and conditions herein set forth, (a) the Company
agrees to sell to each of the Underwriters, and each of the Underwriters agrees,
severally and not jointly, to purchase from the Company at a purchase price per
Share of $11.16, the number of Firm Shares (to be adjusted by you so as to
eliminate fractional shares) set forth opposite the name of such Underwriter in
Schedule I hereto and (b) in the event and to the extent that the Underwriters
shall exercise the election to purchase Optional Shares as provided below, the
Company agrees to sell to each of the Underwriters, and each of the Underwriters
agrees, severally and not jointly, to purchase from the Company at the purchase
price per Share set forth in clause (a) of this Section 2, that portion of the
number of Optional Shares as to which such election shall have been exercised
(to be adjusted by you so as to eliminate fractional shares) determined by
multiplying such number of Optional Shares by a fraction the numerator of which
is the maximum number of Optional Shares which such Underwriter is entitled to
purchase as set forth opposite the name of such Underwriter in Schedule I hereto
and the denominator of which is the maximum number of Optional Shares that all
of the Underwriters are entitled to purchase hereunder.
The Company hereby grants to the Underwriters the right to purchase at
their election up to 825,000 Optional Shares, at the purchase price per Share
set forth in the paragraph above, for the sole purpose of covering
overallotments in the sale of the Firm Shares. Any such election to purchase
Optional Shares may be exercised only by written notice from you to the Company,
given within a period of 30 calendar days after the date of this Agreement and
setting forth the aggregate number of Optional Shares to be purchased and the
date on which such Optional Shares are to be delivered, as determined by you but
in no event earlier than the First Time of Delivery (as defined in Section 4
hereof) or, unless you and the Company otherwise agree in writing, earlier than
two or later than ten business days after the date of such notice.
3. Upon the authorization by you of the release of the Firm Shares, the
several Underwriters propose to offer the Firm Shares for sale upon the terms
and conditions set forth in the Prospectus.
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<PAGE> 100
4. (a) The Shares to be purchased by each Underwriter hereunder, in
definitive form, and in such authorized denominations and registered in
such names as Goldman, Sachs & Co. may request upon at least forty-eight
hours' notice to the Company prior to Time of Delivery (as defined
below) (the "Notification Time"), shall be delivered by or on behalf of
the Company to Goldman, Sachs & Co., through the facilities of the
Depository Trust Company ("DTC") for the account of such Underwriter,
against payment by or on behalf of such Underwriter of the purchase
price therefor by wire transfer of immediately available funds to the
account specified by the Company to Goldman, Sachs & Co. at least
forty-eight hours in advance. The Company will cause the certificates
representing the Shares to be made available for checking and packaging
at least twenty-four hours prior to the Time of Delivery (as defined
below) with respect thereto at the office of DTC or its designated
custodian (the "Designated Office").
The time and date of such delivery and payment shall be, with
respect to the Firm Shares, 9:30 a.m., New York City time, on June 11,
1999 or such other time and date as Goldman, Sachs & Co. and the Company
may agree upon in writing, and, with respect to the Optional Shares,
9:30 a.m., New York City time, on the date specified by Goldman, Sachs &
Co. in the written notice given by Goldman, Sachs & Co. of the
Underwriters' election to purchase such Optional Shares, or such other
time and date as Goldman, Sachs & Co. and the Company may agree upon in
writing. Such time and date for delivery of the Firm Shares is herein
called the "First Time of Delivery", such time and date for delivery of
the Optional Shares, if not the First Time of Delivery, is herein called
the "Second Time of Delivery", and each such time and date for delivery
is herein called a "Time of Delivery".
(b) The documents to be delivered at each Time of Delivery by or
on behalf of the parties hereto pursuant to Section 7 hereof, including
the cross-receipt for the Shares and any additional documents requested
by the Underwriters pursuant to Section 7 hereof, will be delivered at
the offices of Wilson Sonsini Goodrich & Rosati, 650 Page Mill Road,
Palo Alto, California 94304 (the "Closing Location"), and the Shares
will be delivered as specified in Section (a) above, all at such Time of
Delivery. A meeting will be held at the Closing Location at 6:00 p.m.,
New York City time, on the New York Business Day next preceding such
Time of Delivery, at which meeting the final drafts of the documents to
be delivered pursuant to the preceding sentence will be available for
review by the parties hereto. For the purposes of this Section 4, "New
York Business Day" shall mean each Monday, Tuesday, Wednesday, Thursday
and Friday which is not a day on which banking institutions in New York
are generally authorized or obligated by law or executive order to
close.
5. The Company agrees with each of the Underwriters:
(a) To prepare the Prospectus in a form approved by you and to
file such Prospectus pursuant to Rule 424(b) under the Act not later
than the Commission's close of business on the second business day
following the execution and delivery of this Agreement, or, if
applicable, such earlier time as may be required by Rule 430A(a)(3)
under the Act; to make no further amendment or any supplement to the
Registration Statement or Prospectus prior to the last Time of Delivery
which shall be disapproved by you promptly after reasonable notice
thereof; to advise you, promptly after it receives notice thereof, of
the time when any amendment to the Registration Statement has been filed
or becomes
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<PAGE> 101
effective or any supplement to the Prospectus or any amended Prospectus
has been filed and to furnish you copies thereof; to advise you,
promptly after it receives notice thereof, of the issuance by the
Commission of any stop order or of any order preventing or suspending
the use of any Preliminary Prospectus or prospectus, of the suspension
of the qualification of the Shares for offering or sale in any
jurisdiction, of the initiation or threatening of any proceeding for any
such purpose, or of any request by the Commission for the amending or
supplementing of the Registration Statement or Prospectus or for
additional information; and, in the event of the issuance of any stop
order or of any order preventing or suspending the use of any
Preliminary Prospectus or prospectus or suspending any such
qualification, promptly to use its best efforts to obtain the withdrawal
of such order;
(b) Promptly from time to time to take such action as you may
reasonably request to qualify the Shares for offering and sale under the
securities laws of such jurisdictions as you may request and to comply
with such laws so as to permit the continuance of sales and dealings
therein in such jurisdictions for as long as may be necessary to
complete the distribution of the Shares, provided that in connection
therewith the Company shall not be required to qualify as a foreign
corporation or to file a general consent to service of process in any
jurisdiction;
(c) Prior to 10:00 A.M., New York City time, on the New York
Business Day next succeeding the date of this Agreement and from time to
time, to furnish the Underwriters with copies of the Prospectus in New
York City in such quantities as you may reasonably request, and, if the
delivery of a prospectus is required at any time prior to the expiration
of nine months after the time of issue of the Prospectus in connection
with the offering or sale of the Shares and if at such time any events
shall have occurred as a result of which the Prospectus as then amended
or supplemented would include an untrue statement of a material fact or
omit to state any material fact necessary in order to make the
statements therein, in the light of the circumstances under which they
were made when such Prospectus is delivered, not misleading, or, if for
any other reason it shall be necessary during such period to amend or
supplement the Prospectus in order to comply with the Act, to notify you
and upon your request to prepare and furnish without charge to each
Underwriter and to any dealer in securities as many copies as you may
from time to time reasonably request of an amended Prospectus or a
supplement to the Prospectus which will correct such statement or
omission or effect such compliance, and in case any Underwriter is
required to deliver a prospectus in connection with sales of any of the
shares at any time nine months or more after the time of issue of the
Prospectus, upon your request but at the expense of such Underwriter, to
prepare and deliver to such Underwriter as many copies as you may
request of an amended or supplemented Prospectus complying with Section
10(a)(3) of the Act;
(d) To make generally available to its securityholders as soon as
practicable, but in any event not later than eighteen months after the
effective date of the Registration Statement (as defined in Rule 158(c)
under the Act), an earnings statement of the Company and its
subsidiaries (which need not be audited) complying with Section 11(a) of
the Act and the rules and regulations of the Commission thereunder
(including, at the option of the Company, Rule 158);
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<PAGE> 102
(e) During the period beginning from the date hereof and
continuing to and including the date 180 days after the date of the
Prospectus, not to offer, sell, contract to sell or otherwise dispose
of, except as provided hereunder, any securities of the Company that are
substantially similar to the Shares, including but not limited to any
securities that are convertible into or exchangeable for, or that
represent the right to receive, Ordinary Shares or any such
substantially similar securities (other than pursuant to employee stock
option plans existing on, or upon the conversion or exchange of
convertible or exchangeable securities (including any warrants)
outstanding as of, the date of this Agreement), without the prior
written consent of Goldman Sachs & Co.;
(f) To furnish to its shareholders as soon as practicable after
the end of each fiscal year an annual report (in English) (including a
balance sheet and statements of income, shareholders' equity and cash
flows of the Company and its consolidated subsidiaries certified by
independent public accountants and prepared (i) in conformity with
generally accepted accounting principles in the State of Israel ("Israel
GAAP") which as of the date hereof is identical in all material respects
as applied to the company to generally accepted accounting principles in
the U.S. ("U.S. GAAP") or (ii) in conformity with U.S. GAAP) and, as
soon as practicable after the end of each of the first three quarters of
each fiscal year (beginning with the fiscal quarter ending after the
effective date of the Registration Statement), to make available to its
shareholders consolidated summary financial information of the Company
and its subsidiaries for such quarter in reasonable detail and prepared
in accordance with Israel GAAP or U.S. GAAP;
(g) During a period of four years from the effective date of the
Registration Statement, upon your request to furnish to you copies of
all reports or other communications (financial or other) furnished to
shareholders, and to deliver to you (i) as soon as they are available,
copies of any reports and financial statements furnished to or filed
with the Commission or any securities exchange on which any class of
securities of the Company is listed; and (ii) such additional
information concerning the business and financial condition of the
Company as you may from time to time reasonably request (such financial
statements to be on a consolidated basis to the extent the accounts of
the Company and its subsidiaries are consolidated in reports furnished
to its shareholders generally or to the Commission);
(h) To use the net proceeds received by it from the sale of the
Shares pursuant to this Agreement in the manner specified in the
Prospectus under the caption "Use of Proceeds";
(i) To use its best efforts to list for quotation the Shares on
NASDAQ;
(j) If the Company elects to rely upon Rule 462(b), the Company
shall file a Rule 462(b) Registration Statement with the Commission in
compliance with Rule 462(b) by 10:00 P.M., Washington, D.C. time, on the
date of this Agreement, and the Company shall at the time of filing
either pay to the Commission the filing fee for the Rule 462(b)
Registration Statement or give irrevocable instructions for the payment
of such fee pursuant to Rule 111(b) under the Act; and
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<PAGE> 103
(k) To file with the Commission such information on its periodic
reports filed pursuant to Section 13(a) and 15(d) of the Exchange Act as
may be required by Rule 463 under the Act.
6. The Company covenants and agrees and with the several Underwriters
that will pay or cause to be paid the following: (i) the fees, disbursements and
expenses of the Company's counsel and accountants in connection with the
registration of the Shares under the Act and all other expenses in connection
with the preparation, printing and filing of the Registration Statement, any
Preliminary Prospectus and the Prospectus and amendments and supplements thereto
and the mailing and delivering of copies thereof to the Underwriters and
dealers; (ii) the cost of printing or producing any Agreement among
Underwriters, this Agreement, the Selling Agreements (if applicable), the Blue
Sky Memorandum, closing documents (including compilations thereof) and any other
documents in connection with the offering, purchase, sale and delivery of the
Shares; (iii) all reasonable expenses in connection with the qualification of
the Shares for offering and sale under state securities laws as provided in
Section 5(b) hereof, including the fees and disbursements of counsel for the
Underwriters in connection with such qualification and in connection with the
Blue Sky surveys; (iv) all fees and expenses in connection with listing the
Shares and on the NASDAQ; (v) the filing fees incident to, and the fees and
disbursements of counsel for the Underwriters in connection with, securing any
required review by the NASD of the terms of the sale of the Shares; (vi) the
fees and expenses of the Authorized Agent (as defined in Section 15 hereof);
(vii) the cost of preparing stock certificates; (vii) the cost and charges of
any transfer agent or registrar; and (ix) all other costs and expenses incident
to the performance of its obligations hereunder which are not otherwise
specifically provided for in this Section. It is understood, however, that,
except as provided in this Section, and Sections 8 and 11 hereof, the
Underwriters will pay all of their own costs and expenses, including the fees of
their counsel, stock transfer taxes (other than any imposed by the State of
Israel or any political subdivision or taxing authority thereof or therein) on
resale of any of the Shares by them, and any advertising expenses connected with
any offers they may make.
7. The obligations of the Underwriters hereunder, as to the Shares to be
delivered at each Time of Delivery, shall be subject, in their discretion, to
the condition that all representations and warranties and other statements of
the Company herein are, at and as of such Time of Delivery, true and correct,
the condition that the Company shall have performed all of its and their
obligations hereunder theretofore to be performed, and the following additional
conditions:
(a) The Prospectus shall have been filed with the Commission
pursuant to Rule 424(b) within the applicable time period prescribed for
such filing by the rules and regulations under the Act and in accordance
with Section 5(a) hereof; if the Company has elected to rely upon Rule
462(b), the Rule 462(b) Registration Statement shall have become
effective by 10:00 P.M., Washington, D.C. time, on the date of this
Agreement; no stop order suspending the effectiveness of the
Registration Statement or any part thereof shall have been issued and no
proceeding for that purpose shall have been initiated or threatened by
the Commission; and all requests for additional information on the part
of the Commission shall have been complied with to your reasonable
satisfaction;
(b) Shearman & Sterling, counsel for the Underwriters, shall have
furnished to you their written opinion, dated such Time of Delivery,
with respect to the matters covered in paragraphs (i), (ii), (xii) and
the penultimate paragraph in subclause (c) below and such
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<PAGE> 104
other matters as you may reasonably request, and such counsel shall have
received such papers and information as they may reasonably request to
enable them to pass upon such matters;
(c) Wilson, Sonsini, Goodrich & Rosati, P.C., counsel for the
Company, shall have furnished to you their written opinion (a draft of
such opinion is attached as Annex II(a) hereto), dated such Time of
Delivery, in form and substance satisfactory to you, to the effect that:
(i) This Agreement has been duly executed and delivered by
the U.S. Subsidiary;
(ii) The U.S. Subsidiary has been duly incorporated and is
validly existing as a corporation in good standing under the laws
of Delaware, with all requisite corporate power and authority to
own its properties and conduct its business as described in the
Prospectus;
(iii) The U.S. Subsidiary has been duly qualified as a
foreign corporation for the transaction of business and is in
good standing under the laws of each other jurisdiction in which
it owns or leases properties or conducts any business so as to
require such qualification, except where the failure to so
register or qualify would not have a Material Adverse Effect
(such counsel being entitled to rely in respect of the opinion in
this clause upon opinions of local counsel and in respect of
matters of fact upon certificates of officers of the Company,
provided that such counsel shall state that they believe that
both you and they are justified in relying upon such opinions and
certificates);
(iv) All of the issued shares of capital stock of the U.S.
Subsidiary have been duly and validly authorized and issued, are
fully paid and non-assessable, and are owned directly or
indirectly by the Company, to such counsel's knowledge free and
clear of all liens, encumbrances, equities or claims (such
counsel being entitled to rely in respect of the opinion in this
clause upon opinions of local counsel and in respect of matters
of fact upon certificates of officers of the Company or its
subsidiaries, provided that such counsel shall state that they
believe that both you and they are justified in relying upon such
opinions and certificates);
(v) To such counsel's knowledge and other than as set
forth in the Prospectus, there are no legal or governmental
proceedings pending or threatened to which the U.S. Subsidiary is
a party or of which any property of the U.S. Subsidiary is the
subject which are of a character required to be disclosed in the
Registration Statement and which are not adequately disclosed in
the Prospectus;
(vi) The issue and sale of the Shares and the compliance
by the Company and the U.S. Subsidiary with the provisions of
this Agreement and the consummation of the transactions herein
and therein contemplated will not conflict with or result in a
breach or violation of any of the terms or provisions of, or
constitute a default under, any indenture, mortgage, deed of
trust, loan agreement or other agreement or instrument known to
such counsel to which the U.S.
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Subsidiary is a party or by which the U.S. Subsidiary is bound or
to which any of the property or assets of the U.S. Subsidiary is
subject and which is filed as an exhibit to the Registration
Statement, nor will such action result in any violation of the
provisions of the charter documents of the U.S. Subsidiary or any
statute or any order, rule or regulation known to such counsel of
any United States Federal or California or Delaware Governmental
Agency having jurisdiction over the U.S. Subsidiary or any of its
properties;
(vii) To the knowledge of such counsel, the U.S.
Subsidiary is not in violation of its charter documents or in
default in the performance or observance of any obligation,
agreement, covenant or condition contained in any indenture,
mortgage, deed of trust, loan agreement, lease or other agreement
or instrument to which it is a party or by which it or any of its
properties may be bound and which is filed as an Exhibit to the
Registration Statement;
(viii) All of the Ordinary Shares (including the Shares)
have been duly approved for inclusion on NASDAQ, subject to the
consummation of the transactions contemplated by this Agreement
and to official notice of issuance;
(ix) No Governmental Authorization of the United States or
the States of California or Delaware is required for the
execution and delivery of this Agreement or the consummation by
the Company of the transactions contemplated by this Agreement,
except the registration under the Act of the Shares or filings
and other actions required pursuant to the Securities Exchange
Act of 1934, as amended, and the rules and regulations thereof,
the approval by the NASD of the terms of the sale of the Shares,
and such consents, approvals, authorizations, registrations or
qualifications as may be required under state securities or Blue
Sky laws in connection with the purchase and distribution of the
Shares by the Underwriters;
(x) The statements set forth in the Prospectus under the
caption "United States Federal Income Tax Considerations",
insofar as they purport to describe the provisions of United
States Federal income tax laws referred to therein, are accurate
summaries and descriptions of such terms and provisions in all
material respects, subject to the limitations set forth therein;
(xi) The Company is not an "investment company", as such
term is defined in the Investment Company Act; and
(xii) The Registration Statement and the Prospectus and
any further amendments and supplements thereto made by the
Company prior to such Time of Delivery (other than the financial
statements and notes thereto and related schedules and the other
financial and accounting data included therein or omitted
therefrom, as to which such counsel need express no opinion) as
of their respective effective and issue dates complied as to form
in all material respects with the requirements of the Act and the
rules and regulations thereunder.
Although they have not independently verified or
confirmed and do not assume any responsibility for the accuracy,
completeness or fairness of the
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<PAGE> 106
statements contained in the Registration Statement or the
Prospectus, except to the limited extent set forth to in the
opinion in subsection (xi) of this Section 7(c), nothing has come
to their attention that has caused them to believe that, as of
its effective date or such Time of Delivery, the Registration
Statement or any further amendment thereto made by the Company
prior to such Time of Delivery (other than the financial
statements and notes thereto and related schedules and the other
financial and accounting data included therein or omitted
therefrom, as to which such counsel need express no opinion)
contained an untrue statement of a material fact or omitted to
state a material fact required to be stated therein or necessary
to make the statements therein not misleading, or that, as of its
date or such Time of Delivery, the Prospectus or any further
amendment or supplement thereto made by the Company prior to such
Time of Delivery (other than the financial statements and notes
thereto and related schedules and the other financial and
accounting data included therein or omitted therefrom, as to
which such counsel need express no opinion) contained an untrue
statement of a material fact or omitted to state a material fact
required to be stated therein or necessary to make the statements
therein not misleading; and they do not know of any amendment to
the Registration Statement required to be filed or of any
contracts or other documents of a character required to be filed
as an exhibit to the Registration Statement or required to be
described in the Registration Statement or the Prospectus which
are not filed or described as required.
In rendering such opinion, such counsel may state that they
express no opinion as to the laws of any jurisdiction other than the
States of California and Delaware and the federal laws of the United
States.
(d) Meitar, Liquornik, Geva & Co., Israeli counsel for the
Underwriters, shall have furnished to you their written opinion (a draft
of such opinion is attached as Annex II(b) hereto), dated such Time of
Delivery, with respect to the matters covered in paragraphs (i), (ii)
(with respect to the Shares), (iii), (vi), (viii), (ix), (x), (xi),
(xii), (xiii), and (xvi) of subclause (e) below and such other matters
as you may reasonably request, and such counsel shall have received such
papers and information as they may reasonably request to enable them to
pass upon such matters;
(e) Naschitz, Brandes & Co., Israeli counsel for the Company,
shall have furnished to you their written opinion (a draft of such
opinion is attached as Annex II(c) hereto), dated such Time of Delivery,
in form and substance satisfactory to you, to the effect that:
(i) The Company has been duly incorporated and is validly
existing as a corporation under the laws of the State of Israel,
with power and authority (corporate and other) to own its
properties and conduct its business as described in the
Prospectus;
(ii) The Company has an authorized capitalization as set
forth in the Prospectus, and all of the issued share capital of
the Company (including the Shares being delivered at such Time of
Delivery) have been duly and validly authorized and issued and
are fully paid and non-assessable; under the Company's
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<PAGE> 107
Memorandum of Association and Articles of Association, under the
laws of the State of Israel and under agreements known to such
counsel, the holders of the outstanding share capital of the
Company are not entitled to preemptive or other rights to acquire
the Shares to be purchased from the Company under this Agreement
which have not been complied with or waived; the Shares are
freely transferable by the Company to or for the account of the
several Underwriters in the manner contemplated herein and,
except as set forth in the Prospectus, there are no restrictions
on subsequent transfers of Shares; and the Shares conform to the
description of the Ordinary Shares contained in the Prospectus;
(iii) All Governmental Authorizations of and with any
Governmental Agency in the State of Israel required for the
Shares to be duly and validly authorized and issued have been
obtained or made and are in full force and effect;
(iv) The Company has good and marketable title in fee
simple to all real property in Israel owned by it, free and clear
of all liens, encumbrances and defects except such as are
described in the Prospectus or such as do not materially affect
the value of such property and do not interfere with the use made
and proposed to be made of such property by the Company; and any
real property and buildings in Israel held under lease by the
Company are held by it under valid, subsisting and enforceable
leases with such exceptions as are not material and do not
interfere with the use made and proposed to be made of such
property and buildings by the Company;
(v) To the best of such counsel's knowledge and other than
as set forth in the Prospectus, there are no legal or
governmental proceedings pending to which the Company or any
Subsidiary is a party or of which any property of the Company or
any of the Subsidiaries is the subject which, if determined
adversely to the Company or any of the Subsidiaries, would
individually or in the aggregate have a material adverse effect
on the current or future consolidated financial position,
shareholders' equity or results of operations of the Company and
the Subsidiaries; and such counsel is not aware of any such
proceedings that are threatened or contemplated by any
Governmental Agency or threatened by others;
(vi) This Agreement has been duly authorized, executed and
delivered by the Company;
(vii) The issue and sale of the Shares being delivered at
such Time of Delivery to be sold by the Company and the
compliance by the Company with the provisions of this Agreement
and the consummation of the transactions herein contemplated will
not conflict with or result in a breach or violation of any of
the terms or provisions of, or constitute a default under, any
material indenture, mortgage, deed of trust, loan agreement or
other agreement or instrument known to such counsel to which the
Company is a party or by which the Company is bound or to which
any of the property or assets of the Company is subject, nor will
such action result in any violation of the provisions of the
charter documents of the Company or any statute or any order,
rule or regulation known to such counsel of
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<PAGE> 108
any State of Israel Governmental Agency having jurisdiction over
the Company or any of its properties;
(viii) No Governmental Authorization of or with any
Governmental Agency in the State of Israel is required for the
issue and sale of the Shares by the Company or the consummation
by the Company of the transactions contemplated by this
Agreement, except such as have been duly obtained and are in full
force and effect;
(ix) The statements in the Prospectus under "Description
of Share Capital", insofar as they purport to constitute a
summary of the terms of the Ordinary Shares and under the
captions "Risk Factors -- We are incorporated in Israel and have
important facilities and resources located in Israel", "-- We
rely upon tax benefits and other funding from the State of
Israel", "-- Israeli courts might not enforce judgments rendered
outside of Israel", and "Israeli Taxation and Investment
Programs", to the extent such statements relate to matters of law
or regulation or to the provisions of documents therein
described, are accurate summaries of such matters in all material
respects;
(x) No stamp or other issuance or transfer taxes or duties
and no capital gains, income, withholding or other taxes are
payable by or on behalf of the Underwriters to the State of
Israel or to any political subdivision or taxing authority
thereof or therein in connection with the sale and delivery by
the Company of the Shares to or for the respective accounts of
the Underwriters in the manner contemplated herein;
(xi) Insofar as matters of Israeli law are concerned, the
Registration Statement and the filing of the Registration
Statement with the Commission have been duly authorized by and on
behalf of the Company; and the Registration Statement has been
duly executed pursuant to such authorization by and on behalf of
the Company;
(xii) The Company's agreement to the choice of law
provisions set forth in Section 17 hereof will be recognized by
the courts of the State of Israel; the Company can sue and be
sued in its own name under the laws of the State of Israel; the
irrevocable submission of the Company to the exclusive
jurisdiction of a New York Court, the waiver by the Company of
any objection to the venue of a proceeding of a New York Court
and the agreement of the Company that this Agreement shall be
governed by and construed in accordance with the laws of the
State of New York are legal, valid and binding; and service of
process effected in the manner set forth in Section 14 hereof
will be effective, insofar as the law of the State of Israel is
concerned, to confer valid personal jurisdiction over the
Company. Subject to certain time limitations, an Israeli court
may declare a judgment obtained in a New York Court arising out
of or in relation to the obligations of the Company under this
Agreement enforceable against the Company if it finds that (a)
the judgment was rendered by a court which was, according to the
laws of the state of the court, competent to render the judgment;
(b) the judgment is no longer appealable; (c) the obligation
imposed by the judgment is enforceable according to
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<PAGE> 109
the rules relating to the enforceability of judgments in Israel
and the substance of the judgment is not contrary to public
policy; and (d) the judgment is executory in the state in which
it was given. Even if the above conditions are satisfied, an
Israeli court will not enforce a foreign judgment such as the
above if it was given in a state whose laws do not provide for
the enforcement of judgments of Israeli courts (subject to
exceptional cases) or if its enforcement is likely to prejudice
the sovereignty or security of the State of Israel. An Israeli
court also will not declare a foreign judgment such as the above
enforceable if (i) the judgment was obtained by fraud, (ii) there
was no due process, (iii) the judgment was rendered by a court
not competent to render it according to the laws of private
international law in Israel, (iv) the judgment is at variance
with another judgment that was given in the same manner between
the same parties and which is still valid, or (v) at the time the
action was brought in the foreign court a suit in the same manner
and between the same parties was pending before a court or
tribunal in Israel;
(xiii) All dividends and other distributions declared and
payable on the Shares may under the current laws and regulations
of the State of Israel be paid in New Israeli Shekels that may be
converted into foreign currency that may be freely transferred
out of the State of Israel, and, except as set forth in the
Prospectus, all such dividends and other distributions will not
be subject to withholding or other taxes under the laws and
regulations of the State of Israel and are otherwise free and
clear of any other tax, withholding or deduction in the State of
Israel and without the necessity of obtaining any Governmental
Authorization in the State of Israel;
(xiv) The Company is not in violation of its charter
documents or, to such counsel's knowledge, in default in the
performance or observance of any material obligation, agreement,
covenant or condition contained in any indenture, mortgage, deed
of trust, loan agreement, lease or other agreement or instrument
to which it is a party or by which it or any of its properties
may be bound;
(xv) To the best of such counsel's knowledge, (a) the
Company has all licenses and concessions of and from all
Governmental Agencies that are necessary to own or lease its
properties and conduct its businesses as described in the
Prospectus; and (b) the Company has all franchises, permits,
authorizations, approvals and orders and other licenses and
concessions of and from all Governmental Agencies that are
necessary to own or lease its other properties and conduct its
businesses as described in the Prospectus except for such
licenses, franchises, permits, authorizations, approvals and
orders the failure to obtain which will not have a material
adverse effect on the financial condition or results of
operations of the Company and the Subsidiaries; and
(xvi) Although they do not assume any responsibility for
the accuracy, completeness or fairness of the statements
contained in the Registration Statement or the Prospectus, except
for those referred to in the opinion in subsection (ix) of this
Section 7(d), they have no reason to believe that, as of its
effective date, the Registration Statement or any further
amendment thereto made by the Company prior to such Time of
Delivery (other than the financial statements and related
schedules therein, as to which such counsel need express no
opinion) contained an
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<PAGE> 110
untrue statement of a material fact or omitted to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading or that, as of its date,
the Prospectus or any further amendment or supplement thereto
made by the Company prior to such Time of Delivery (other than
the financial statements and related schedules therein, as to
which such counsel need express no opinion) contained an untrue
statement of a material fact or omitted to state a material fact
necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading or that,
as of such Time of Delivery, either the Registration Statement or
the Prospectus or any further amendment or supplement thereto
made by the Company prior to such Time of Delivery (other than
the financial statements and related schedules therein, as to
which such counsel need express no opinion) contains an untrue
statement of a material fact or omits to state a material fact
necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading.
In giving such opinion, such counsel may state that with respect
to all matters of United States law they have relied upon the opinions
of United States counsel for the Company delivered pursuant to paragraph
(c) of this Section 7.
(f) On the date of the Prospectus of a time prior to the
execution of this Agreement, at 9:30 a.m., New York City time, on the
effective date of any post-effective amendment to the Registration
Statement filed subsequent to the date of this Agreement and also at
each Time of Delivery, Ernst & Young LLP shall have furnished to you a
letter or letters, dated the respective dates of delivery thereof, in
form and substance satisfactory to you, to the effect set forth in Annex
I hereto (the executed copy of the letter delivered prior to the
execution of this Agreement is attached as Annex I(a) hereto and a draft
of the form of letter to be delivered on the effective date of any
post-effective amendment to the Registration Statement and as of each
Time of Delivery is attached as Annex I(b) hereto);
(g) (i) Neither the Company nor any of the Subsidiaries shall
have sustained since the date of the latest audited financial statements
included in the Prospectus any loss or interference with its business
from fire, explosion, flood or other calamity, whether or not covered by
insurance, or from any labor dispute or court or governmental action,
order or decree, otherwise than as set forth or contemplated in the
Prospectus, and (ii) since the respective dates as of which information
is given in the Prospectus there shall not have been any change in the
share capital or long-term debt of the Company or any of the
Subsidiaries or any change, or any development which could reasonably be
expected to result in a prospective change, in or affecting the general
affairs, management, financial position, shareholders' equity or results
of operations of the Company and the Subsidiaries, otherwise than as set
forth or contemplated in the Prospectus, the effect of which, in any
such case described in clause (i) or (ii), is in the judgment of the
representatives so material and adverse as to make it impracticable or
inadvisable to proceed with the public offering or the delivery of the
Shares being delivered at such Time of Delivery on the terms and in the
manner contemplated in the Prospectus;
(h) On or after the date hereof (i) no downgrading shall have
occurred in the rating accorded the Company's debt securities by any
"nationally recognized statistical
18
<PAGE> 111
rating organization", as that term is defined by the Commission for
purposes of Rule 436(g)(2) under the Act, and (ii) no such organization
shall have publicly announced that it has under surveillance or review,
with possible negative implications, its rating of any of the Company's
debt securities;
(i) On or after the date hereof there shall not have occurred any
of the following: (i) a suspension or material limitation in trading in
securities generally on the New York Stock Exchange, on NASDAQ or the
Tel Aviv Stock Exchange; (ii) a suspension or material limitation in
trading in the Company's securities on NASDAQ; (iii) a general
moratorium on commercial banking activities in New York or the State of
Israel declared by the relevant authorities; (iv) a change or
development involving a prospective change in Israeli taxation affecting
the Company, the Shares or the transfer thereof or the imposition of
exchange controls by the United States or the State of Israel, if the
effect of any such change or development specified in this clause (iv)
in the judgment of the representatives makes it impracticable or
inadvisable to proceed with the public offering or the delivery of the
Shares being delivered at such Time of Delivery on the terms and in the
manner contemplated in the Prospectus; or (v) the outbreak or escalation
of hostilities involving the United States, the United Kingdom or the
State of Israel or the declaration by the United States, the United
Kingdom or the State of Israel of a national emergency or war, if the
effect of any such event specified in this clause (v) in the judgment of
the representatives makes it impracticable or inadvisable to proceed
with the public offering or the delivery of the Shares being delivered
at such Time of Delivery on the terms and in the manner contemplated in
the Prospectus or (vi) the occurrence of any material adverse change in
the existing financial, political or economic conditions in the United
States and the State of Israel or elsewhere which, in the judgment of
the representatives would materially and adversely affect the financial
markets or the market for the Shares and other equity securities;
(j) The Shares to be sold by the Company at such Time of Delivery
shall have been duly approved, subject to notice of issuance, for
quotation on NASDAQ;
(k) The Company shall have complied with the provisions of
Section 5(c) hereof with respect to the furnishing of prospectuses on
the New York Business Day next succeeding the date of this Agreement;
(l) The Company shall have furnished or caused to be furnished to
you at such Time of Delivery certificates of officers of the Company
satisfactory to you as to the accuracy of the representations and
warranties of the Company herein at and as of such Time of Delivery, as
to the performance by the Company of all of their respective obligations
hereunder to be performed at or prior to such Time of Delivery, and as
to such other matters as you may reasonably request, and the Company
shall have furnished or caused to be furnished certificates as to the
matters set forth in subsections (a) and (g) of this Section, and as to
such other matters as you may reasonably request; and
(m) You shall have received the lock-up agreements in the form
attached hereto as Annex III from all directors and executive officers
of the Company and all Stockholders holding more than .5% of the
Company's share capital.
19
<PAGE> 112
8. (a) The Company and the U.S. Subsidiary will, jointly and severally,
indemnify and hold harmless each Underwriter against any losses, claims,
damages or liabilities, joint or several, to which such Underwriter may
become subject, under the Act or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out
of or are based upon an untrue statement or alleged untrue statement of
a material fact contained in any Preliminary Prospectus, the
Registration Statement or the Prospectus, or any amendment or supplement
thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, and will
reimburse each Underwriter for any legal or other expenses reasonably
incurred by such Underwriter in connection with investigating or
defending any such action or claim as such expenses are incurred;
provided, however, that the Company and the U.S. Subsidiary shall not be
liable in any such case to the extent that any such loss, claim, damage
or liability arises out of or is based upon an untrue statement or
alleged untrue statement or omission or alleged omission made in any
Preliminary Prospectus, the Registration Statement or the Prospectus or
any such amendment or supplement in reliance upon and in conformity with
written information furnished to the Company by any Underwriter through
Goldman, Sachs & Co. expressly for use therein.
(b) Each Underwriter will indemnify and hold harmless the Company
and the U.S. Subsidiary against any losses, claims, damages or
liabilities to which the Company or the U.S. Subsidiary may become
subject, under the Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or
are based upon an untrue statement or alleged untrue statement of a
material fact contained in any Preliminary Prospectus, the Registration
Statement or the Prospectus, or any amendment or supplement thereto, or
arise out of or are based upon the omission or alleged omission to state
therein a material fact required to be stated therein or necessary
to make the statements therein not misleading, in each case to the
extent, but only to the extent, that such untrue statement or alleged
untrue statement or omission or alleged omission was made in any
Preliminary Prospectus, the Registration Statement or the Prospectus or
any such amendment or supplement in reliance upon and in conformity with
written information furnished to the Company by such Underwriter through
Goldman, Sachs & Co. expressly for use therein; and will reimburse the
Company and the U.S. Subsidiary for any legal or other expenses
reasonably incurred by the Company or the U.S. Subsidiary in connection
with investigating or defending any such action or claim as such
expenses are incurred.
(c) Promptly after receipt by an indemnified party under
subsection (a) or (b) above of notice of the commencement of any action,
such indemnified party shall, if a claim in respect thereof is to be
made against an indemnifying party under such subsection, notify the
indemnifying party in writing of the commencement thereof; but the
omission so to notify the indemnifying party shall not relieve it from
any liability which it may have to any indemnified party otherwise than
under such subsection. In case any such action shall be brought against
any indemnified party and it shall notify the indemnifying party of the
commencement thereof, the indemnifying party shall be entitled to
participate therein and, to the extent that it shall wish, jointly with
any other indemnifying party similarly notified, to assume the defense
thereof, with counsel satisfactory to such indemnified party (who shall
not, except with the consent of the indemnified party, be counsel to the
indemnifying party), and, after notice from the indemnifying party to
such indemnified party of its election so to
20
<PAGE> 113
assume the defense thereof, the indemnifying party shall not be liable
to such indemnified party under such subsection for any legal expenses
of other counsel or any other expenses, in each case subsequently
incurred by such indemnified party, in connection with the defense
thereof other than reasonable costs of investigation. No indemnifying
party shall, without the written consent of the indemnified party,
effect the settlement or compromise of, or consent to the entry of any
judgment with respect to, any pending or threatened action or claim in
respect of which indemnification or contribution may be sought hereunder
(whether or not the indemnified party is an actual or potential party to
such action or claim) unless such settlement, compromise or judgment (i)
includes an unconditional release of the indemnified party from all
liability arising out of such action or claim and (ii) does not include
a statement as to or an admission of fault, culpability or a failure to
act, by or on behalf of any indemnified party.
(d) If the indemnification provided for in this Section 8 is
unavailable to or insufficient to hold harmless an indemnified party
under subsection (a) or (b) above in respect of any losses, claims,
damages or liabilities (or actions in respect thereof) referred to
therein, then each indemnifying party shall contribute to the amount
paid or payable by such indemnified party as a result of such losses,
claims, damages or liabilities (or actions in respect thereof) in such
proportion as is appropriate to reflect the relative benefits received
by the Company on the one hand and the Underwriters on the other from
the offering of the Shares. If, however, the allocation provided by the
immediately preceding sentence is not permitted by applicable law or if
the indemnified party failed to give the notice required under
subsection (c) above, then each indemnifying party shall contribute to
such amount paid or payable by such indemnified party in such proportion
as is appropriate to reflect not only such relative benefits but also
the relative fault of the Company and the U.S. Subsidiary on the one
hand and the Underwriters on the other in connection with the statements
or omissions which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof), as well as any other
relevant equitable considerations. The relative benefits received by the
Company and the U.S. Subsidiary on the one hand and the Underwriters on
the other shall be deemed to be in the same proportion as the total net
proceeds from the offering of the Shares purchased under this Agreement
(before deducting expenses) received by the Company bear to the total
underwriting discounts and commissions received by the Underwriters with
respect to the Shares purchased under this Agreement, in each case as
set forth in the table on the cover page of the Prospectus. The relative
fault shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to
information supplied by the Company on the one hand or the Underwriters
on the other and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or
omission. The Company, the U.S. Subsidiary and the Underwriters agree
that it would not be just and equitable if contributions pursuant to
this subsection (d) were determined by pro rata allocation (even if the
Underwriters were treated as one entity for such purpose) or by any
other method of allocation which does not take account of the equitable
considerations referred to above in this subsection (d). The amount paid
or payable by an indemnified party as a result of the losses, claims,
damages or liabilities (or actions in respect thereof) referred to above
in this subsection (d) shall be deemed to include any legal or other
expenses reasonably incurred by such indemnified party in connection
with investigating or defending any such action or claim.
Notwithstanding the provisions of this subsection
21
<PAGE> 114
(d), no Underwriter shall be required to contribute any amount in excess
of the amount by which the total price at which the Shares underwritten
by it and distributed to the public were offered to the public exceeds
the amount of any damages which such Underwriter has otherwise been
required to pay by reason of such untrue or alleged untrue statement or
omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Act) shall
be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. The Underwriters' obligations in this
subsection (d) to contribute are several in proportion to their
respective underwriting obligations and not joint.
(e) The obligations of the Company and the U.S. Subsidiary under
this Section 8 shall be in addition to any liability which the Company
or the U.S. Subsidiary may otherwise have and shall extend, upon the
same terms and conditions, to each person, if any, who controls any
Underwriter within the meaning of the Act; and the obligations of the
Underwriters under this Section 8 shall be in addition to any liability
which the respective Underwriters may otherwise have and shall extend,
upon the same terms and conditions, to each officer and director of the
Company or the U.S. Subsidiary (including any person who, with his or
her consent, is named in the Registration Statement as about to become a
director of the Company) and to each person, if any, who controls the
Company or the U.S. Subsidiary within the meaning of the Act.
9. (a) If any Underwriter shall default in its obligation to purchase
the Shares which it has agreed to purchase hereunder at a Time of
Delivery, you may in your discretion arrange for you or another party or
other parties to purchase such Shares on the terms contained herein. If
within thirty-six hours after such default by any Underwriter you do not
arrange for the purchase of such Shares, then the Company shall be
entitled to a further period of thirty-six hours within which to procure
another party or other parties satisfactory to you to purchase such
Shares on such terms. In the event that, within the respective
prescribed periods, you notify the Company that you have so arranged for
the purchase of such Shares, or the Company notify you that they have so
arranged for the purchase of such Shares, you or the Company shall have
the right to postpone such Time of Delivery for a period of not more
than seven days, in order to effect whatever changes may thereby be made
necessary in the Registration Statement or the Prospectus, or in any
other documents or arrangements, and the Company agrees to file promptly
any amendments to the Registration Statement or the Prospectus which in
your opinion may thereby be made necessary. The term "Underwriter" as
used in this Agreement shall include any person substituted under this
Section with like effect as if such person had originally been a party
to this Agreement with respect to such Shares.
(b) If, after giving effect to any arrangements for the purchase
of the Shares of a defaulting Underwriter or Underwriters by you and the
Company as provided in subsection (a) above, the aggregate number of
such Shares which remains unpurchased does not exceed one-eleventh of
the aggregate number of all of the Shares to be purchased at such Time
of Delivery, then the Company shall have the right to require each
non-defaulting Underwriter to purchase the number of Shares which such
Underwriter agreed to purchase hereunder at such Time of Delivery and,
in addition, to require each non-defaulting Underwriter to purchase its
pro rata share (based on the number of Shares which such Underwriter
agreed to purchase hereunder) of the Shares of such defaulting
Underwriter
22
<PAGE> 115
or Underwriters for which such arrangements have not been made; but
nothing herein shall relieve a defaulting Underwriter from liability for
its default.
(c) If, after giving effect to any arrangements for the purchase
of the Shares of a defaulting Underwriter or Underwriters by you and the
Company as provided in subsection (a) above, the aggregate number of
such Shares which remains unpurchased exceeds one-eleventh of the
aggregate number of all of the Shares to be purchased at such Time of
Delivery, or if the Company shall not exercise the right described in
subsection (b) above to require non-defaulting Underwriters to purchase
Shares of a defaulting Underwriter or Underwriters, then this Agreement
(or, with respect to the Second Time of Delivery, the obligations of the
Underwriters to purchase and of the Company to sell the Optional Shares)
shall thereupon terminate, without liability on the part of any
non-defaulting Underwriter or the Company, except for the expenses to be
borne by the Company and the Underwriters as provided in Section 6
hereof and the indemnity and contribution agreements in Section 8
hereof; but nothing herein shall relieve a defaulting Underwriter from
liability for its default.
10. The respective indemnities, agreements, representations, warranties
and other statements of the Company and the U.S. Subsidiary and the several
Underwriters, as set forth in this Agreement or made by or on behalf of them,
respectively, pursuant to this Agreement, shall remain in full force and effect,
regardless of any investigation (or any statement as to the results thereof)
made by or on behalf of any Underwriter or any controlling person of any
Underwriter, or the Company or the U.S. Subsidiary, or any officer or director
or controlling person of the Company or the U.S. Subsidiary, or any controlling
person, and shall survive delivery of and payment for the Shares.
Anything herein to the contrary notwithstanding, the indemnity agreement
of the Company and the U.S. Subsidiary in subsection (a) of Section 8 hereof,
the representations and warranties in subsections (b) and (c) of Section 1
hereof and any representation or warranty as to the accuracy of the Registration
Statement or the Prospectus contained in any certificate furnished by the
Company pursuant to Section 7 hereof, insofar as they may constitute a basis for
indemnification for liabilities (other than payment by the Company of expenses
incurred or paid in the successful defense of any action, suit or proceeding)
arising under the Act, shall not extend to the extent of any interest therein of
a controlling person or partner of an Underwriter who is a director, officer or
controlling person of the Company when the Registration Statement has become
effective, except in each case to the extent that an interest of such character
shall have been determined by a court of appropriate jurisdiction as not against
public policy as expressed in the Act. Unless in the opinion of counsel for the
Company the matter has been settled by controlling precedent, the Company will,
if a claim for such indemnification is asserted, submit to a court of
appropriate jurisdiction the question of whether such interest is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.
11. If this Agreement shall be terminated pursuant to Section 9 hereof,
the Company and the U.S. Subsidiary shall not then be under any liability to any
Underwriter except as provided in Sections 6 and 8 hereof; but, if for any other
reason any Shares are not delivered by or on behalf of the Company as provided
herein, the Company will reimburse the Underwriters through you for all
out-of-pocket expenses approved in writing by you, including fees and
disbursements of counsel, reasonably incurred by the Underwriters in making
preparations for the purchase, sale and
23
<PAGE> 116
delivery of the Shares not so delivered, but the Company and the U.S. Subsidiary
shall then be under no further liability to any Underwriter in respect of the
Shares not so delivered except as provided in Sections 6 and 8 hereof.
12. In all dealings hereunder, you shall act on behalf of each of the
Underwriters, and the parties hereto shall be entitled to act and rely upon any
statement, request, notice or agreement on behalf of any Underwriter made or
given by you jointly or by Goldman, Sachs & Co.
on behalf of you as the representatives.
All statements, requests, notices and agreements hereunder shall be in
writing, and if to the Underwriters shall be delivered or sent by mail, telex or
facsimile transmission to you as the representatives in care of Goldman, Sachs &
Co., 32 Old Slip, 21st Floor, New York, New York 10005, Attention: Registration
Department; and if to the Company shall be delivered or sent by mail, telex or
facsimile transmission to the address of the Company set forth in the
Registration Statement, Attention: Chief Financial Officer; provided, however,
that any notice to an Underwriter pursuant to Section 8 (c) hereof shall be
delivered or sent by mail, telex or facsimile transmission to such Underwriter
at its address set forth in its Underwriters' Questionnaire or telex
constituting such Questionnaire, which address will be supplied to the Company
by you upon request. Any such statements, requests, notices or agreements shall
take effect upon receipt thereof.
13. This Agreement shall be binding upon, and inure solely to the
benefit of, the Underwriters, the Company, the U.S. Subsidiary and, to the
extent provided in Sections 8 and 10 hereof, the officers and directors of the
Company and each person who controls the Company, the U.S. Subsidiary or any
Underwriter, and their respective heirs, executors, administrators, successors
and assigns, and no other person shall acquire or have any right under or by
virtue of this Agreement. No purchaser of any of the Shares from any Underwriter
shall be deemed a successor or assign by reason merely of such purchase.
14. Each of the parties hereto irrevocably (i) agrees that any legal
suit, action or proceeding arising out of or based upon this Agreement or the
transactions contemplated hereby may be instituted in any Federal or State Court
in the City of New York, (ii) waives, to the fullest extent it may effectively
do so, any objection which it may now or hereafter have to the laying of venue
of any such proceeding and (iii) submits to the exclusive jurisdiction of such
courts in any such suit, action or proceeding. The Company hereby designates and
appoints the U.S. Subsidiary, as its authorized agent (the "Authorized Agent")
upon whom process may be served in any such action arising out of or based on
this Agreement or the transactions contemplated hereby which may be instituted
in any New York Court by any Underwriter or by any person who controls any
Underwriter, expressly consents to the jurisdiction of any such court in respect
of any such action, and waives any other requirements of or objections to
personal jurisdiction with respect thereto. Such appointment shall be
irrevocable unless and until a successor authorized agent acceptable to the
Underwriters in their sole and absolute discretion shall have been appointed by
the Company. The Company represents and warrants that the Authorized Agent has
agreed to act as such agent for service at process and agrees to take any and
all action, including the filing of any and all documents and instruments, that
may be necessary to continue such appointment in full force and effect as
aforesaid. Service of process upon the Authorized Agent and written notice of
such service to the Company shall be deemed, in every respect, effective service
of process upon the Company.
24
<PAGE> 117
15. In respect of any judgment or order given or made for any amount due
hereunder that is expressed and paid in a currency (the "judgment currency")
other than United States dollars, the Company, as the case may be, will
indemnify each Underwriter against any loss incurred by such Underwriter as a
result of any variation as between (i) the rate of exchange at which the United
States dollar amount is converted into the judgment currency for the purpose of
such judgment or order and (ii) the rate of exchange at which such Underwriter
on the date such judgment currency is actually received by the Underwriter is
able to purchase United States dollars with the amount of the judgment currency
so received by such Underwriter. The foregoing indemnity shall constitute a
separate and independent obligation of the Company and shall continue in full
force and effect notwithstanding any such judgment or order as aforesaid. The
term "rate of exchange" shall include any premiums and costs of exchange payable
in connection with the purchase of or conversion into United States dollars.
16. Time shall be of the essence of this Agreement. As used herein, the
term "business day" shall mean any day when the Commission's office in
Washington, D.C. is open for business.
17. This Agreement shall be governed by and construed in accordance with
the laws of the State of New York.
18. This Agreement may be executed by any one or more of the parties
hereto in any number of counterparts, each of which shall be deemed to be an
original, but all such counterparts shall together constitute one and the same
instrument.
25
<PAGE> 118
If the foregoing is in accordance with your understanding, please sign
and return to us 10 counterparts hereof, and upon the acceptance hereof by you,
on behalf of each of the Underwriters, this letter and such acceptance hereof
shall constitute a binding agreement among each of the Underwriters, the Company
and the U.S. Subsidiary. It is understood that your acceptance of this letter on
behalf of each of the Underwriters is pursuant to the authority set forth in a
form of Agreement among Underwriters, the form of which shall be submitted to
the Company for examination upon request, but without warranty on your part as
to the authority of the signers thereof.
Very truly yours,
BackWeb Technologies Ltd.
By: /s/ Eli Barkat
-----------------------------------
Name: Barkat, Eli
Title: Chief Executive Officer
BackWeb Technologies, Inc.
By: /s/ Eli Barkat
-----------------------------------
Name: Barkat, Eli
Title: Chief Executive Officer
Accepted as of the date hereof at ........,
...............:
Goldman, Sachs & Co.
BancBoston Robertson Stephens Inc.
Lehman Brothers Inc.
Wit Capital Corporation
By: /s/ Goldman, Sachs & Co.
-----------------------------------
(Goldman, Sachs & Co.)
26
<PAGE> 119
SCHEDULE I
<TABLE>
<CAPTION>
Number of Optional
Shares to be
Total Number of Purchased if
Firm Shares to be Maximum Option
Underwriter Purchased Exercised
- ----------- ----------------- -------------------
<S> <C> <C>
Goldman, Sachs & Co. ........................... 2,157,926 323,690
BancBoston Robertson Stephens Inc. ............. 1,192,537 178,880
Lehman Brothers Inc. ........................... 1,192,537 178,880
Wit Capital Corporation ........................ 143,000 21,450
Hambrecht & Quist LLC .......................... 143,000 21,450
Edward D. Jones & Co., L.P. .................... 143,000 21,450
Salomon Smith Barney Inc. ...................... 143,000 21,450
Dain Rauscher Wessels, ......................... 55,000 8,250
a division of Dain Rauscher Incorporated
Doft & Co., Inc. ............................... 55,000 8,250
Gruntal & Co., L.L.C ........................... 55,000 8,250
Neuberger Berman, LLC .......................... 55,000 8,250
SoundView Technology Group, Inc. ............... 55,000 8,250
Stifel, Nicolaus & Company, Incorporated ....... 55,000 8,250
U.S. Bancorp Piper Jaffray Inc. ................ 55,000 8,250
--------- ---------
Total ........................... 5,500,000 825,000
========= =========
</TABLE>
<PAGE> 120
EXHIBIT (99.3)
[Form of Lock-up Agreement]
[____________], 1999
Goldman, Sachs & Co.
BancBoston Robertson Stephens
Lehman Brothers
Wit Capital
c/o Goldman, Sachs & Co.
2765 Sand Hill Road
Menlo Park, CA 94025
Dear Sirs:
The undersigned understands that you propose to underwrite a
public offering of $___ ordinary shares (the "Stock") (including the
over-allotment option for $___), of BackWeb Technologies, Ltd., an Israeli
corporation (the "Company"). In consideration therefor and for other good and
valuable consideration, and in recognition of the benefits which will accrue to
the undersigned as a result thereof, the undersigned hereby irrevocably agrees
that the undersigned will not, for a period of 180 days after the date of the
final prospectus in connection with such offering, without the prior written
consent of either Goldman, Sachs. & Co acting alone or each of you as
Representatives acting together, directly or indirectly, (i) offer to sell,
sell, contract to sell, pledge or otherwise dispose of any shares of Common or
any securities convertible into or exchangeable for shares of Common, or (ii)
establish a "put equivalent position" with respect to the Stock within the
meaning of Rule 16a-1(h) under the Securities Exchange Act of 1934, as amended,
or (iii) publicly announce an intention to take any of the actions set forth in
(i) or (ii) above.
The Company and its transfer agent are hereby authorized to
enforce this agreement by refusing to permit transfers which the Company
believes may violate this agreement.
Very truly yours,
By: ______________________________
Name:
<PAGE> 121
EXHIBIT (99.4)
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned agree to the joint filing of a
Statement on Schedule 13D (including any and all amendments thereto) with
respect to the Ordinary Shares of BackWeb Technologies Ltd. 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.
Date: June 21, 1999
GOLDMAN, SACHS & CO.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
THE GOLDMAN SACHS GROUP, INC.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS ADVISORS, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS II, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
<PAGE> 122
GS ADVISORS II (CAYMAN), L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET EMPIRE CORP.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET FUND 1996, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
BRIDGE STREET FUND 1996, L.P.
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
<PAGE> 123
GOLDMAN, SACHS & CO. OHG
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS II (GERMANY) CIVIL
LAW PARTNERSHIP (with limitation of
liability)
By: /s/ HANS L. REICH
-----------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
<PAGE> 124
EXHIBIT (99.5)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN, SACHS & CO. (the
"Company") does hereby make, constitute and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 21, 1998.
GOLDMAN, SACHS & CO.
By: The Goldman, Sachs & Co. L.L.C.
By: /s/ ROBERT J. KATZ
- ---------------------------------
Name: Robert J. Katz
Title: Executive Vice President
<PAGE> 125
EXHIBIT (99.6)
POWER OF ATTORNEY
This power of attorney will expire on May 31, 2001.
KNOW ALL PERSONS BY THESE PRESENTS that THE GOLDMAN SACHS GROUP, INC.
(the "Company") does hereby make, constitute and appoint each of Hans L. Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of May 7, 1999.
THE GOLDMAN SACHS GROUP, INC.
By: /s/ ROBERT J. KATZ
- ---------------------------------
Name: Robert J. Katz
Title: Executive Vice President and General Counsel
<PAGE> 126
Exhibit (99.7)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GS CAPITAL PARTNERS II, L.P.
(the "Company") does hereby make, constitute and appoint each of Hans L. Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 31, 1998.
GS CAPITAL PARTNERS II, L.P.
By: GS Advisors, L.P.
By: GS Advisors, Inc.
By:/s/ Kaca B. Enquist
- ---------------------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE> 127
Exhibit (99.8)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GS CAPITAL PARTNERS II OFFSHORE,
L.P. (the "Company") does hereby make, constitute and appoint each of Hans L.
Reich and Roger S. Begelman, acting individually, its true and lawful attorney,
to execute and deliver in its name and on its behalf whether the Company is
acting individually or as representative of others, any and all filings required
to be made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: GS Advisors II (CAYMAN), L.P.
By: GS Advisors II, Inc.
By:/s/ Kaca B. Enquist
- ---------------------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE> 128
Exhibit (99.9)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GS CAPITAL PARTNERS II (GERMANY)
CIVIL LAW PARTNERSHIP (the "Company") does hereby make, constitute and appoint
each of Hans L. Reich and Roger S. Begelman, acting individually, its true and
lawful attorney, to execute and deliver in its name and on its behalf whether
the Company is acting individually or as representative of others, any and all
filings required to be made by the Company under the Securities Exchange Act of
1934, as amended, giving and granting unto each said attorney-in-fact power and
authority to act in the premises as fully and to all intents and purposes as the
Company might or could do if personally present by one of its authorized
signatories, hereby ratifying and confirming all that said attorney-in-fact
shall lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 21, 1998.
GS CAPITAL PARTNERS II (GERMANY) CIVIL LAW PARTNERSHIP
By: The Goldman Sachs Group, L.P.
By: The Goldman Sachs Corporation
By:/s/ Robert J. Katz
- ---------------------------------
Name: Robert J. Katz
Title: Executive Vice President
<PAGE> 129
Exhibit (99.10)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GS ADVISORS, L.P. (the
"Company") does hereby make, constitute and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
GS ADVISORS, L.P.
By: GS Advisors, Inc.
By:/s/ Kaca B. Enquist
- ---------------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE> 130
Exhibit (99.11)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GS ADVISORS II (CAYMAN), L.P.
(the "Company") does hereby make, constitute and appoint each of Hans L. Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
GS ADVISORS II (CAYMAN), L.P.
By: GS Advisors II, Inc.
By:/s/ Kaca B. Enquist
- ---------------------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE> 131
Exhibit (99.12)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2001.
KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN, SACHS & CO. oHG, (the
"Company") does hereby make, constitute and appoint each of Hans-Linhard Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of May 26, 1999.
GOLDMAN, SACHS & CO. oHG
By:/s/ Andreas Kornlein By:/s/ Sabine Mock
- --------------------------------- ---------------------------------
Name: Andreas Kornlein Name: Sabine Mock
<PAGE> 132
Exhibit (99.13)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that STONE STREET FUND 1996, L.P.
(the "Company") does hereby make, constitute and appoint each of Hans L. Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
STONE STREET FUND 1996, L.P.
By: Stone Street Empire Corp.
By:/s/ Kaca B. Enquist
- ---------------------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE> 133
Exhibit (99.14)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that BRIDGE STREET FUND 1996, L.P.
(the "Company") does hereby make, constitute and appoint each of Hans L. Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
BRIDGE STREET FUND 1996, L.P.
By: Stone Street Empire Corp.
By:/s/ Kaca B. Enquist
- ---------------------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE> 134
Exhibit (99.15)
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that STONE STREET EMPIRE CORP. (the
"Company") does hereby make, constitute and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as
of December 28, 1998.
STONE STREET EMPIRE CORP.
By:/s/ Kaca B. Enquist
- ---------------------------------
Name: Kaca B. Enquist
Title: Vice President
Page 18 of 44 pages
<PAGE> 135
SCHEDULE I
----------
The name of each director of The Goldman Sachs Group, Inc. is set forth
below.
The business address of each person listed below except John L.
Thornton, Sir John Browne and James A. Johnson is 85 Broad Street, New York, NY
10004. The business address of John L. Thornton is 133 Fleet Street, London EC4A
2BB, England. The business address of Sir John Browne is BP Amoco plc, Brittanic
House, 1 Finsbury Circus, London EC2M, England. The business address of James A.
Johnson is Fannie Mae, 3900 Wisconsin Avenue NW, Washington, D.C. 20016. Each
person is a citizen of the United States of America except for Sir John Browne,
who is a citizen of the United Kingdom. The present principal occupation or
employment of each of the listed persons is set forth below.
<TABLE>
<CAPTION>
Name Present Principal Occupation
-------------------------------------------------------------------------------------------------
<S> <C>
Henry M. Paulson, Jr. Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc.
Robert J. Hurst Vice Chairman of The Goldman Sachs Group, Inc.
John A. Thain President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc.
John L. Thornton President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc.
Sir John Browne Group Chief Executive of BP Amoco plc
James A. Johnson Chairman of the Executive Committee of the Board of Fannie Mae
John L. Weinberg Senior Chairman of The Goldman Sachs Group, Inc.
</TABLE>
<PAGE> 136
SCHEDULE II-A-i
---------------
The name, position and 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 Henry Cornell and Barry S. Volpert is 85 Broad Street, New York,
New York 10004. The business address of Henry Cornell is 3 Garden Road, Hong
Kong. The business address of Barry S. Volpert is 133 Fleet Street, London EC4A
2BB, England.
All executive officers and directors listed below are United States
citizens.
<TABLE>
<CAPTION>
Name Position Present Principal Occupation
-----------------------------------------------------------------------------------------------------------
<S> <C> <C>
Richard A. Friedman Director/President Managing Director of Goldman, Sachs & Co.
Terence M. O'Toole Director/Vice President Managing Director of Goldman, Sachs & Co.
Elizabeth S. Fascitelli Treasurer Managing Director of Goldman, Sachs & Co.
Joseph H. Gleberman Director/Vice President Managing Director of Goldman, Sachs & Co.
Henry Cornell Vice President Managing Director of Goldman Sachs (Asia) L.L.C.
Barry S. Volpert Director/Vice President Managing Director of Goldman Sachs International
Eve M. Gerriets Vice President/Secretary Vice President of Goldman, Sachs & Co.
David J. Greenwald Assistant Secretary Managing Director of Goldman, Sachs & Co.
C. Douglas Fuge Assistant Treasurer Managing Director of Goldman, Sachs & Co.
Katherine B. Enquist Vice President Vice President of Goldman, Sachs & Co.
</TABLE>
<PAGE> 137
SCHEDULE II-A-ii
----------------
The name, position and 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 Henry Cornell and Barry S. Volpert is 85 Broad Street, New York,
New York 10004. The business address of Henry Cornell is 3 Garden Road, Hong
Kong. The business address of Barry S. Volpert is 133 Fleet Street, London EC4A
2BB, England.
All executive officers and directors listed below are United States
citizens.
<TABLE>
<CAPTION>
Name Position Present Principal Occupation
-----------------------------------------------------------------------------------------------------------
<S> <C> <C>
Richard A. Friedman Director/President Managing Director of Goldman, Sachs & Co.
Terence M. O'Toole Director/Vice President Managing Director of Goldman, Sachs & Co.
Elizabeth S. Fascitelli Treasurer Managing Director of Goldman, Sachs & Co.
Joseph H. Gleberman Director/Vice President Managing Director of Goldman, Sachs & Co.
Henry Cornell Vice President Managing Director of Goldman Sachs (Asia) L.L.C.
Barry S. Volpert Director/Vice President Managing Director of Goldman Sachs International
Eve M. Gerriets Vice President/Secretary Vice President of Goldman, Sachs & Co.
David J. Greenwald Assistant Secretary Managing Director of Goldman, Sachs & Co.
C. Douglas Fuge Assistant Treasurer Managing Director of Goldman, Sachs & Co.
Katherine B. Enquist Vice President Vice President of Goldman, Sachs & Co.
</TABLE>
<PAGE> 138
SCHEDULE II-B
-------------
The name, position and present principal occupation of each director and
executive officer of Stone Street Empire Corp., the sole general partner of
Stone Street Fund 1996, L.P. and the managing general partner of Bridge Street
Fund 1996, L.P., are set forth below.
The business address for each of the executive officers and directors
listed below is 85 Broad Street, New York, New York 10004.
All executive officers and directors listed below are United States
citizens.
<TABLE>
<CAPTION>
Name Position Present Principal Occupation
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Richard A. Friedman Director/Vice President Managing Director of Goldman, Sachs & Co.
Terence M. O'Toole Director/Vice President Managing Director of Goldman, Sachs & Co.
Joseph H. Gleberman Director/Vice President Managing Director of Goldman, Sachs & Co.
Sanjeev K. Mehra Director/Vice President/Treasurer Managing Director of Goldman, Sachs & Co.
Peter G. Sachs Director/Vice President Senior Director of The Goldman Sachs Group, Inc.
Peter M. Sacerdote Director/Chairman/C.E.O./President Advisory Director of Goldman, Sachs & Co.
David J. Greenwald Vice President Managing Director of Goldman, Sachs & Co.
Esta E. Stecher Vice President Managing Director of Goldman, Sachs & Co.
C. Douglas Fuge Assistant Treasurer Managing Director of Goldman, Sachs & Co.
Eve M. Gerriets Vice President/Secretary Vice President of Goldman, Sachs & Co.
Katherine B. Enquist Vice President Vice President of Goldman, Sachs & Co.
Richard J. Stingi Vice President Vice President of Goldman, Sachs & Co.
</TABLE>
<PAGE> 139
SCHEDULE II-C
-------------
The name, position and present occupation of each executive officer and
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 executive officers and directors
listed below is MesseTurm, 60308 Frankfurt am Main, Germany. Each of Robert H.
Jolliffe and Scott B. Kapnick has an additional business address of 133 Fleet
Street, London EC4A 2BB, England.
Of the directors and executive officers listed below, Scott B. Kapnick
is a United States citizen, Robert H. Jolliffe is a citizen of Great Britain,
Paul M. Achleitner and Rudolf W. Ferscha are citizens of Austria, and Ernst E.
Tschoeke and Stefan J. Jentzsch are citizens of Germany.
<TABLE>
<CAPTION>
Name Position Present Principal Occupation
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C>
Paul M. Achleitner Managing Director Managing Director of Goldman, Sachs & Co. oHG
Ernst E. Tschoeke Managing Director Executive Director of Goldman, Sachs & Co. oHG
Stefan J. Jentzsch Managing Director Managing Director of Goldman, Sachs & Co. oHG
Robert H. Jolliffe Managing Director Managing Director of Goldman, Sachs & Co. oHG
Scott B. Kapnick Managing Director Managing Director of Goldman, Sachs & Co. oHG
Rudolf W. Ferscha Managing Director Executive Director of Goldman, Sachs & Co. oHG
</TABLE>
<PAGE> 140
SCHEDULE III
------------
BackWeb Technologies Ltd.
Cusip No. M15633106
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 17.9375 9-Jun-99 14-Jun-99
800 12.0000 7-Jun-99 11-Jun-99
800 19.9200 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 19.8750 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 141
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 19.8750 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
350 12.0000 7-Jun-99 11-Jun-99
350 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.1875 9-Jun-99 14-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
100 20.8500 8-Jun-99 11-Jun-99
100 20.8800 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
600 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
650 20.8500 8-Jun-99 11-Jun-99
350 20.8800 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
600 12.0000 7-Jun-99 11-Jun-99
650 20.8500 8-Jun-99 11-Jun-99
350 20.8800 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
700 12.0000 7-Jun-99 11-Jun-99
700 16.9375 11-Jun-99 16-Jun-99
600 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
350 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 20.7176 8-Jun-99 11-Jun-99
2,000 19.9375 8-Jun-99 11-Jun-99
200 21.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.0000 8-Jun-99 11-Jun-99
500 20.0625 8-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
200 21.3750 8-Jun-99 11-Jun-99
500 20.7000 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
300 20.1880 8-Jun-99 11-Jun-99
12,000 20.9141 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 142
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,500 20.0375 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
200 18.3750 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
5,900 20.5348 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,200 20.0000 8-Jun-99 11-Jun-99
1,500 20.6250 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
60 20.5000 8-Jun-99 11-Jun-99
500 19.7500 8-Jun-99 11-Jun-99
300 19.9375 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 20.0625 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
300 19.7500 8-Jun-99 11-Jun-99
200 21.5000 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
2,000 19.0625 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
1,300 19.7500 8-Jun-99 11-Jun-99
200 21.1250 8-Jun-99 11-Jun-99
1,500 20.0000 8-Jun-99 11-Jun-99
500 18.8750 8-Jun-99 11-Jun-99
300 19.8750 8-Jun-99 11-Jun-99
147 19.8750 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
50 21.4375 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
3,000 20.8563 8-Jun-99 11-Jun-99
900 19.8750 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
950 18.5000 8-Jun-99 11-Jun-99
2,600 20.5348 8-Jun-99 11-Jun-99
1,000 20.0625 8-Jun-99 11-Jun-99
200 20.9375 8-Jun-99 11-Jun-99
200 21.1250 8-Jun-99 11-Jun-99
2,500 19.8750 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
2,500 20.4375 8-Jun-99 11-Jun-99
8,000 19.8750 8-Jun-99 11-Jun-99
3,000 19.9375 8-Jun-99 11-Jun-99
500 20.7500 8-Jun-99 11-Jun-99
21,600 20.7176 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
2,000 20.1250 8-Jun-99 11-Jun-99
200 20.0625 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
500 20.0625 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 143
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
600 20.7176 8-Jun-99 11-Jun-99
1,300 20.1250 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 21.1250 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
100 18.2500 8-Jun-99 11-Jun-99
400 20.2500 8-Jun-99 11-Jun-99
5,000 20.8750 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
10,000 20.0000 8-Jun-99 11-Jun-99
2,100 19.7196 8-Jun-99 11-Jun-99
500 20.7176 8-Jun-99 11-Jun-99
650 20.8500 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
475 20.0000 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
500 20.8750 8-Jun-99 11-Jun-99
2,800 20.7176 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
100 20.3750 8-Jun-99 11-Jun-99
500 19.8625 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
900 20.7176 8-Jun-99 11-Jun-99
2,000 19.7500 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
100 19.3750 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
300 20.1893 8-Jun-99 11-Jun-99
755 20.7500 8-Jun-99 11-Jun-99
300 20.3750 8-Jun-99 11-Jun-99
600 21.0000 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
200 19.5625 8-Jun-99 11-Jun-99
1,000 19.7500 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
50 18.8750 8-Jun-99 11-Jun-99
200 19.5000 8-Jun-99 11-Jun-99
100 19.7500 8-Jun-99 11-Jun-99
600 20.7176 8-Jun-99 11-Jun-99
600 18.3750 8-Jun-99 11-Jun-99
200 19.2500 8-Jun-99 11-Jun-99
240 19.1250 8-Jun-99 11-Jun-99
600 18.8125 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
3,030 20.1875 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 19.2500 8-Jun-99 11-Jun-99
100 19.0000 8-Jun-99 11-Jun-99
500 20.7176 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
2,000 18.6875 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 144
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
200 20.6250 8-Jun-99 11-Jun-99
700 18.3750 8-Jun-99 11-Jun-99
1,900 19.8750 8-Jun-99 11-Jun-99
2,000 19.7188 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
14,400 19.1406 8-Jun-99 11-Jun-99
500 19.8750 8-Jun-99 11-Jun-99
60 20.6250 8-Jun-99 11-Jun-99
42,900 20.0315 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
500 19.3750 8-Jun-99 11-Jun-99
900 19.8750 8-Jun-99 11-Jun-99
100 18.7500 8-Jun-99 11-Jun-99
1,200 20.6875 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,000 21.0000 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
2,000 18.6875 8-Jun-99 11-Jun-99
5,000 19.5000 8-Jun-99 11-Jun-99
300 20.1250 8-Jun-99 11-Jun-99
100 19.7500 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
400 18.2500 8-Jun-99 11-Jun-99
840 19.9375 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
300 20.0000 8-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
1,000 18.6875 8-Jun-99 11-Jun-99
1,000 18.4375 8-Jun-99 11-Jun-99
600 18.3750 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
1,000 19.0000 8-Jun-99 11-Jun-99
200 20.0000 8-Jun-99 11-Jun-99
6,400 20.7176 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 20.1250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
7,500 20.6250 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
1,700 20.8750 8-Jun-99 11-Jun-99
200 19.6250 8-Jun-99 11-Jun-99
1,000 18.2500 8-Jun-99 11-Jun-99
5,000 20.6563 8-Jun-99 11-Jun-99
1,000 19.3497 8-Jun-99 11-Jun-99
1,400 20.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
1,000 20.6875 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
650 20.8500 8-Jun-99 11-Jun-99
2,200 19.7196 8-Jun-99 11-Jun-99
400 20.5000 8-Jun-99 11-Jun-99
206,400 19.7196 8-Jun-99 11-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 145
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
5,000 21.0138 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
200 19.5000 8-Jun-99 11-Jun-99
200 20.7176 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,600 20.0625 8-Jun-99 11-Jun-99
1,000 21.0000 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
300 20.5348 8-Jun-99 11-Jun-99
100 20.8500 8-Jun-99 11-Jun-99
3,300 20.0000 8-Jun-99 11-Jun-99
7,550 20.0000 8-Jun-99 11-Jun-99
1,800 20.0000 8-Jun-99 11-Jun-99
2,200 20.0000 8-Jun-99 11-Jun-99
2,000 20.9141 8-Jun-99 11-Jun-99
3,300 20.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
2,000 19.2500 8-Jun-99 11-Jun-99
200 20.2500 8-Jun-99 11-Jun-99
2,400 18.8750 8-Jun-99 11-Jun-99
500 20.6875 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
2,000 19.6250 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
14,000 19.7232 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
50 20.5348 8-Jun-99 11-Jun-99
350 20.8800 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
500 19.5000 8-Jun-99 11-Jun-99
300 20.2500 8-Jun-99 11-Jun-99
200 21.5000 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
2,000 19.7500 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
1,000 21.0000 8-Jun-99 11-Jun-99
5,000 20.2500 8-Jun-99 11-Jun-99
1,400 20.5348 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
1,000 19.5000 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
1,000 19.9375 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
2,000 19.9375 8-Jun-99 11-Jun-99
1,200 21.0000 8-Jun-99 11-Jun-99
200 19.3750 8-Jun-99 11-Jun-99
200 19.7500 8-Jun-99 11-Jun-99
1,000 19.7500 8-Jun-99 11-Jun-99
1,000 19.3750 8-Jun-99 11-Jun-99
500 19.3750 8-Jun-99 11-Jun-99
1,000 18.5000 8-Jun-99 11-Jun-99
1,000 19.3750 8-Jun-99 11-Jun-99
800 19.9375 8-Jun-99 11-Jun-99
6,000 18.3750 8-Jun-99 11-Jun-99
500 19.8750 8-Jun-99 11-Jun-99
1,000 18.4375 8-Jun-99 11-Jun-99
300 20.7500 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 146
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
400 20.7176 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,200 20.5000 8-Jun-99 11-Jun-99
1,900 19.8750 8-Jun-99 11-Jun-99
500 20.5625 8-Jun-99 11-Jun-99
100 20.8800 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
600 21.0000 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 19.7500 8-Jun-99 11-Jun-99
1,600 20.1250 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
250 20.5020 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
300 20.1200 8-Jun-99 11-Jun-99
1,000 18.6250 8-Jun-99 11-Jun-99
1,000 19.7500 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
1,000 19.0000 8-Jun-99 11-Jun-99
1,800 18.6250 8-Jun-99 11-Jun-99
250 18.8750 8-Jun-99 11-Jun-99
100 19.9250 8-Jun-99 11-Jun-99
750 18.8750 8-Jun-99 11-Jun-99
1,000 18.3750 8-Jun-99 11-Jun-99
100 19.6250 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
200 19.2500 8-Jun-99 11-Jun-99
300 20.1893 8-Jun-99 11-Jun-99
200 18.5000 8-Jun-99 11-Jun-99
500 20.1893 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
500 19.5000 8-Jun-99 11-Jun-99
700 19.8750 8-Jun-99 11-Jun-99
1,000 20.0875 8-Jun-99 11-Jun-99
200 20.0000 8-Jun-99 11-Jun-99
200 20.7176 8-Jun-99 11-Jun-99
300 20.0000 8-Jun-99 11-Jun-99
1,500 20.0625 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
200 18.3750 8-Jun-99 11-Jun-99
800 20.0625 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
1,700 21.0000 8-Jun-99 11-Jun-99
100 20.3750 8-Jun-99 11-Jun-99
3,700 20.8750 8-Jun-99 11-Jun-99
800 20.6875 8-Jun-99 11-Jun-99
5,000 20.8750 8-Jun-99 11-Jun-99
200 20.0625 8-Jun-99 11-Jun-99
1,000 19.2500 8-Jun-99 11-Jun-99
3,100 20.7176 8-Jun-99 11-Jun-99
17,000 18.5000 8-Jun-99 11-Jun-99
200 20.0625 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
100 20.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
2,100 19.7196 8-Jun-99 11-Jun-99
1,000 19.2500 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
870 19.5000 8-Jun-99 11-Jun-99
400 19.1250 8-Jun-99 11-Jun-99
2,000 20.6563 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
800 19.0000 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 147
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 19.3750 8-Jun-99 11-Jun-99
600 18.3750 8-Jun-99 11-Jun-99
625 19.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
40,000 20.8478 8-Jun-99 11-Jun-99
1,200 21.0000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
1,000 19.7500 8-Jun-99 11-Jun-99
500 18.5000 8-Jun-99 11-Jun-99
2,100 20.1875 8-Jun-99 11-Jun-99
300 20.1893 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
225 19.9375 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
20,000 20.8478 8-Jun-99 11-Jun-99
1,200 19.6250 8-Jun-99 11-Jun-99
250 20.4395 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
800 20.9141 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
1,000 19.0000 8-Jun-99 11-Jun-99
700 20.7176 8-Jun-99 11-Jun-99
2,000 20.4825 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
1,250 19.5000 8-Jun-99 11-Jun-99
300 20.6250 8-Jun-99 11-Jun-99
1,300 20.7176 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
200 20.1880 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
1,600 19.8750 8-Jun-99 11-Jun-99
3,000 19.8750 8-Jun-99 11-Jun-99
1,000 19.3750 8-Jun-99 11-Jun-99
3,400 20.0000 8-Jun-99 11-Jun-99
5,000 19.8750 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
100 20.5000 8-Jun-99 11-Jun-99
200 20.0000 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
750 20.1250 8-Jun-99 11-Jun-99
1,200 20.8750 8-Jun-99 11-Jun-99
300 20.5348 8-Jun-99 11-Jun-99
2,000 20.6875 8-Jun-99 11-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
3,500 20.0000 8-Jun-99 11-Jun-99
8,000 20.8125 8-Jun-99 11-Jun-99
15,650 20.9135 8-Jun-99 11-Jun-99
100 18.9375 8-Jun-99 11-Jun-99
600 20.7176 8-Jun-99 11-Jun-99
200 20.1250 8-Jun-99 11-Jun-99
200 19.0000 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
1,200 19.8750 8-Jun-99 11-Jun-99
1,500 20.2500 8-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 148
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
400 19.5000 8-Jun-99 11-Jun-99
900 19.7500 8-Jun-99 11-Jun-99
2,600 19.8750 8-Jun-99 11-Jun-99
100 21.0000 8-Jun-99 11-Jun-99
61 19.8750 8-Jun-99 11-Jun-99
7,000 20.8478 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
800 19.8750 8-Jun-99 11-Jun-99
1,000 18.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
400 19.9375 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
500 19.8750 8-Jun-99 11-Jun-99
10,000 20.6250 8-Jun-99 11-Jun-99
500 21.7500 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
800 20.8750 8-Jun-99 11-Jun-99
100 18.8750 8-Jun-99 11-Jun-99
200 18.6250 8-Jun-99 11-Jun-99
100 18.9375 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
2,100 18.2500 8-Jun-99 11-Jun-99
200 20.5625 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
800 20.8750 8-Jun-99 11-Jun-99
7,500 21.0500 8-Jun-99 11-Jun-99
900 19.8750 8-Jun-99 11-Jun-99
900 20.7176 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
3,700 20.0000 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
500 18.8750 8-Jun-99 11-Jun-99
2,900 20.7176 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
3,746 20.7188 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
2,200 20.0000 8-Jun-99 11-Jun-99
500 18.8125 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
500 20.6875 8-Jun-99 11-Jun-99
600 18.3750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
800 18.8750 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
1,000 19.7500 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
1,000 20.0625 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
3,000 19.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
400 20.7500 8-Jun-99 11-Jun-99
2,100 19.7196 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 149
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 19.1875 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
1,000 21.0000 8-Jun-99 11-Jun-99
200 19.2500 8-Jun-99 11-Jun-99
900 19.5000 8-Jun-99 11-Jun-99
2,000 19.7500 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
800 19.7196 8-Jun-99 11-Jun-99
35,000 20.8478 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,400 19.7196 8-Jun-99 11-Jun-99
400 19.8750 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
250 18.7500 8-Jun-99 11-Jun-99
700 20.6250 8-Jun-99 11-Jun-99
200 21.3750 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
100 19.5000 8-Jun-99 11-Jun-99
2,000 21.0388 8-Jun-99 11-Jun-99
2,800 19.7196 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
600 18.3750 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
15,350 19.5655 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
70 19.8750 8-Jun-99 11-Jun-99
115 19.8750 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
500 21.4375 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
500 20.5625 8-Jun-99 11-Jun-99
200 19.3750 8-Jun-99 11-Jun-99
1,100 19.8750 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
1,180 20.6250 8-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
15,300 19.7196 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
100 18.4375 8-Jun-99 11-Jun-99
1,400 21.0000 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
300 18.8750 8-Jun-99 11-Jun-99
2,200 19.8750 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
250 18.4750 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
200 20.7176 8-Jun-99 11-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
100 19.2500 8-Jun-99 11-Jun-99
500 19.8750 8-Jun-99 11-Jun-99
500 19.7500 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 150
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 19.2500 8-Jun-99 11-Jun-99
300 19.9375 8-Jun-99 11-Jun-99
200 19.1875 8-Jun-99 11-Jun-99
200 19.1875 8-Jun-99 11-Jun-99
2,650 20.6250 8-Jun-99 11-Jun-99
500 21.0000 8-Jun-99 11-Jun-99
2,200 21.0000 8-Jun-99 11-Jun-99
200 21.4375 8-Jun-99 11-Jun-99
125 19.2500 8-Jun-99 11-Jun-99
1,000 19.2500 8-Jun-99 11-Jun-99
12,800 19.1406 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
1,200 21.0000 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
1,400 18.8125 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
250 18.4750 8-Jun-99 11-Jun-99
4,500 19.7196 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
500 20.0625 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
2,500 20.5250 8-Jun-99 11-Jun-99
1,300 20.2188 8-Jun-99 11-Jun-99
1,200 21.0000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
500 21.2750 8-Jun-99 11-Jun-99
800 19.9375 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
1,600 20.2045 8-Jun-99 11-Jun-99
500 20.0625 8-Jun-99 11-Jun-99
2,000 18.6250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
500 18.8750 8-Jun-99 11-Jun-99
900 19.8750 8-Jun-99 11-Jun-99
600 20.1250 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
1,200 21.0000 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
3,700 19.3497 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
6,300 20.5188 8-Jun-99 11-Jun-99
100 18.9375 8-Jun-99 11-Jun-99
42 19.3750 8-Jun-99 11-Jun-99
2,727 19.9375 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 21.1250 8-Jun-99 11-Jun-99
1,400 20.1250 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
200 18.8125 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
500 19.5000 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
5,000 19.8750 8-Jun-99 11-Jun-99
800 19.9375 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
140,000 20.8478 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 151
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
200 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
1,000 19.8125 8-Jun-99 11-Jun-99
2,000 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
8,000 20.9148 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
1,000 19.2500 8-Jun-99 11-Jun-99
1,200 19.9375 8-Jun-99 11-Jun-99
175 19.5000 8-Jun-99 11-Jun-99
300 20.6250 8-Jun-99 11-Jun-99
5,000 18.8750 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
300 20.1250 8-Jun-99 11-Jun-99
1,500 20.6250 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 20.5625 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
1,000 20.2125 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
5,000 20.7000 8-Jun-99 11-Jun-99
100 18.8750 8-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
1,000 19.2500 8-Jun-99 11-Jun-99
1,000 20.5875 8-Jun-99 11-Jun-99
50 19.7500 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
500 20.6875 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
780 19.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
40 19.5000 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
600 18.5000 8-Jun-99 11-Jun-99
3,000 19.8750 8-Jun-99 11-Jun-99
200 19.1875 8-Jun-99 11-Jun-99
1,000 19.9375 8-Jun-99 11-Jun-99
3,000 20.5625 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
1,200 20.7500 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
3,000 20.0225 8-Jun-99 11-Jun-99
500 20.0625 8-Jun-99 11-Jun-99
2,300 20.6250 8-Jun-99 11-Jun-99
2,000 19.9375 8-Jun-99 11-Jun-99
400 19.8750 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
100 18.8125 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 152
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
200 18.6250 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
2,400 20.0000 8-Jun-99 11-Jun-99
28,000 20.5536 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
200 19.7500 8-Jun-99 11-Jun-99
100 19.3750 8-Jun-99 11-Jun-99
2,000 19.5000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
500 20.6875 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
610 19.8750 8-Jun-99 11-Jun-99
200 21.3750 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
100 21.0000 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
500 19.8750 8-Jun-99 11-Jun-99
800 18.3750 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
100 21.3750 8-Jun-99 11-Jun-99
800 19.7500 8-Jun-99 11-Jun-99
200 21.4375 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
1,500 20.7176 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
1,000 20.6875 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
200 20.1250 8-Jun-99 11-Jun-99
200 20.1250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
5,000 20.9137 8-Jun-99 11-Jun-99
100 20.5000 8-Jun-99 11-Jun-99
5,000 20.7563 8-Jun-99 11-Jun-99
2,000 19.9375 8-Jun-99 11-Jun-99
2,000 20.6250 8-Jun-99 11-Jun-99
500 19.2500 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
300 19.0000 8-Jun-99 11-Jun-99
300 20.4125 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
500 20.8750 8-Jun-99 11-Jun-99
800 19.9375 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
100 20.5000 8-Jun-99 11-Jun-99
1,000 19.9375 8-Jun-99 11-Jun-99
5,000 19.3750 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
1,100 18.8750 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 153
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
900 18.5000 8-Jun-99 11-Jun-99
250 18.4750 8-Jun-99 11-Jun-99
3,200 19.7196 8-Jun-99 11-Jun-99
300 20.1880 8-Jun-99 11-Jun-99
200 19.2500 8-Jun-99 11-Jun-99
1,000 19.2500 8-Jun-99 11-Jun-99
7,800 19.7196 8-Jun-99 11-Jun-99
300 20.6250 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
20 20.1875 8-Jun-99 11-Jun-99
300 20.5000 8-Jun-99 11-Jun-99
600 19.9375 8-Jun-99 11-Jun-99
2,100 20.7176 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
100 18.8750 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
200 21.4375 8-Jun-99 11-Jun-99
500 21.6250 8-Jun-99 11-Jun-99
1,100 19.4375 8-Jun-99 11-Jun-99
2,500 20.3750 8-Jun-99 11-Jun-99
15,800 20.2045 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
500 18.3750 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
200 20.0000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
3,000 20.1250 8-Jun-99 11-Jun-99
1,000 21.0388 8-Jun-99 11-Jun-99
300 19.9375 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
10 20.1875 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 21.1250 8-Jun-99 11-Jun-99
100 21.3750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
600 20.3750 8-Jun-99 11-Jun-99
100 20.4375 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
25,000 21.0000 8-Jun-99 11-Jun-99
12,400 19.7196 8-Jun-99 11-Jun-99
70,000 20.0634 8-Jun-99 11-Jun-99
1,000 20.5625 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
250 20.0000 8-Jun-99 11-Jun-99
300 19.8750 8-Jun-99 11-Jun-99
1,200 19.7500 8-Jun-99 11-Jun-99
1,000 19.9375 8-Jun-99 11-Jun-99
1,000 20.7500 8-Jun-99 11-Jun-99
2,000 20.6250 8-Jun-99 11-Jun-99
2,000 18.9375 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
2,000 20.5000 8-Jun-99 11-Jun-99
500 18.7500 8-Jun-99 11-Jun-99
500 19.7500 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
500 19.8750 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 154
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,400 19.1250 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 19.9375 8-Jun-99 11-Jun-99
25,000 20.9147 8-Jun-99 11-Jun-99
15,000 20.0000 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
300 18.5000 8-Jun-99 11-Jun-99
1,000 20.5625 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
1,000 19.5000 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
200 19.1250 8-Jun-99 11-Jun-99
1,000 18.8125 8-Jun-99 11-Jun-99
1,500 19.7500 8-Jun-99 11-Jun-99
500 19.2500 8-Jun-99 11-Jun-99
2,000 20.0625 8-Jun-99 11-Jun-99
2,000 20.0000 8-Jun-99 11-Jun-99
1,000 20.3750 8-Jun-99 11-Jun-99
400 19.8750 8-Jun-99 11-Jun-99
200 19.1250 8-Jun-99 11-Jun-99
250 18.8750 8-Jun-99 11-Jun-99
2,000 18.8750 8-Jun-99 11-Jun-99
500 20.3750 8-Jun-99 11-Jun-99
5,400 19.7196 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,200 20.6250 8-Jun-99 11-Jun-99
1,000 20.0000 8-Jun-99 11-Jun-99
6,000 20.0000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
5,000 19.7500 8-Jun-99 11-Jun-99
200 18.7500 8-Jun-99 11-Jun-99
600 21.0625 8-Jun-99 11-Jun-99
300 20.1250 8-Jun-99 11-Jun-99
1,000 18.4375 8-Jun-99 11-Jun-99
500 19.1250 8-Jun-99 11-Jun-99
1,200 20.0000 8-Jun-99 11-Jun-99
5,000 19.4250 8-Jun-99 11-Jun-99
400 20.1250 8-Jun-99 11-Jun-99
300 19.8125 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
1,200 20.8750 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
13,500 20.7176 8-Jun-99 11-Jun-99
1,200 20.5000 8-Jun-99 11-Jun-99
1,400 19.5000 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
300 19.7500 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
64,000 20.6580 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
1,300 20.2045 8-Jun-99 11-Jun-99
300 19.5875 8-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
200 21.5000 8-Jun-99 11-Jun-99
1,000 19.3750 8-Jun-99 11-Jun-99
100 18.8750 8-Jun-99 11-Jun-99
800 19.5000 8-Jun-99 11-Jun-99
3,800 20.8750 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 155
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 19.3750 8-Jun-99 11-Jun-99
300 20.7176 8-Jun-99 11-Jun-99
100 19.0000 8-Jun-99 11-Jun-99
700 19.8750 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
200 20.7176 8-Jun-99 11-Jun-99
130 19.9375 8-Jun-99 11-Jun-99
100 18.8750 8-Jun-99 11-Jun-99
1,200 20.5000 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
2,200 20.6250 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 19.1875 8-Jun-99 11-Jun-99
500 20.7000 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
6,000 20.6580 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
4,162 20.8750 8-Jun-99 11-Jun-99
200 21.1250 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
2,000 19.3750 8-Jun-99 11-Jun-99
2,000 20.0000 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
7,000 20.7176 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
300 19.8750 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
300 19.7500 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
200 19.8125 8-Jun-99 11-Jun-99
1,000 19.7500 8-Jun-99 11-Jun-99
800 19.9375 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
92,300 19.9072 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
3,500 20.7176 8-Jun-99 11-Jun-99
2,000 20.6250 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
5,500 21.7500 8-Jun-99 11-Jun-99
2,300 19.7196 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
5,000 19.7500 8-Jun-99 11-Jun-99
1,000 19.1875 8-Jun-99 11-Jun-99
900 18.8750 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
2,000 21.3750 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
2,800 20.8125 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 156
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
200 19.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
900 19.3750 8-Jun-99 11-Jun-99
900 20.0000 8-Jun-99 11-Jun-99
200 21.1250 8-Jun-99 11-Jun-99
785 18.2500 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
10,000 20.8750 8-Jun-99 11-Jun-99
100 19.5000 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
5,000 20.6250 8-Jun-99 11-Jun-99
100 19.1250 8-Jun-99 11-Jun-99
200 21.1250 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
2,000 18.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
5,008 19.9375 8-Jun-99 11-Jun-99
200 20.2500 8-Jun-99 11-Jun-99
3,100 20.5188 8-Jun-99 11-Jun-99
600 18.4375 8-Jun-99 11-Jun-99
100 19.6250 8-Jun-99 11-Jun-99
600 21.0000 8-Jun-99 11-Jun-99
2,200 19.7196 8-Jun-99 11-Jun-99
300 19.9375 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
1,400 19.8750 8-Jun-99 11-Jun-99
3,000 19.7500 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
100 18.3750 8-Jun-99 11-Jun-99
200 21.3750 8-Jun-99 11-Jun-99
1,000 19.5000 8-Jun-99 11-Jun-99
3,000 19.7196 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
600 18.8750 8-Jun-99 11-Jun-99
100 19.3125 8-Jun-99 11-Jun-99
9,700 19.0000 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
20,000 20.0625 8-Jun-99 11-Jun-99
300 20.6000 8-Jun-99 11-Jun-99
3,040 19.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 20.5625 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
600 20.5348 8-Jun-99 11-Jun-99
200 19.1000 8-Jun-99 11-Jun-99
400 20.1880 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
1,000 19.9375 8-Jun-99 11-Jun-99
2,000 19.7500 8-Jun-99 11-Jun-99
7,500 20.5000 8-Jun-99 11-Jun-99
100 20.5000 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
200 18.7500 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 157
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
3,000 19.8750 8-Jun-99 11-Jun-99
900 19.8750 8-Jun-99 11-Jun-99
300 20.7176 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
700 20.5000 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 19.3750 8-Jun-99 11-Jun-99
200 20.0000 8-Jun-99 11-Jun-99
110 18.6250 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
500 19.3750 8-Jun-99 11-Jun-99
1,091 19.9375 8-Jun-99 11-Jun-99
200 18.6250 8-Jun-99 11-Jun-99
400 20.5000 8-Jun-99 11-Jun-99
100 20.3750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
500 20.7176 8-Jun-99 11-Jun-99
6,600 20.7176 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
4,000 19.5000 8-Jun-99 11-Jun-99
2,500 20.0625 8-Jun-99 11-Jun-99
1,000 19.6250 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
200 19.7500 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
5,000 19.7500 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
20,000 19.5938 8-Jun-99 11-Jun-99
100 20.1875 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
900 18.3750 8-Jun-99 11-Jun-99
861 21.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
800 19.8750 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
1,000 19.7500 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
1,700 19.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
800 19.9200 8-Jun-99 11-Jun-99
200 20.7176 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
1,000 20.5625 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
200 19.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
1,090 20.6250 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 158
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
200 19.8750 8-Jun-99 11-Jun-99
100 19.3750 8-Jun-99 11-Jun-99
1,000 20.8125 8-Jun-99 11-Jun-99
12,700 20.7176 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 21.4375 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
300 18.2500 8-Jun-99 11-Jun-99
2,800 20.7176 8-Jun-99 11-Jun-99
12,800 20.0000 8-Jun-99 11-Jun-99
300 19.7916 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
100 20.3000 8-Jun-99 11-Jun-99
800 20.6250 8-Jun-99 11-Jun-99
3,000 20.8750 8-Jun-99 11-Jun-99
800 20.9141 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
4,500 20.0000 8-Jun-99 11-Jun-99
100 20.8750 8-Jun-99 11-Jun-99
37,838 19.3070 8-Jun-99 11-Jun-99
850 20.9135 8-Jun-99 11-Jun-99
1,500 20.7176 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
200 20.7176 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
2,500 19.9375 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
750 20.1250 8-Jun-99 11-Jun-99
200 18.8125 8-Jun-99 11-Jun-99
100 18.8750 8-Jun-99 11-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
1,400 19.3750 8-Jun-99 11-Jun-99
800 18.8750 8-Jun-99 11-Jun-99
500 19.0000 8-Jun-99 11-Jun-99
2,000 19.3750 8-Jun-99 11-Jun-99
200 19.1875 8-Jun-99 11-Jun-99
2,000 19.7500 8-Jun-99 11-Jun-99
100 19.2500 8-Jun-99 11-Jun-99
100 19.6250 8-Jun-99 11-Jun-99
300 19.7500 8-Jun-99 11-Jun-99
500 19.7500 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
2,420 20.9135 8-Jun-99 11-Jun-99
5,650 19.5655 8-Jun-99 11-Jun-99
1,000 18.5000 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
300 18.6250 8-Jun-99 11-Jun-99
1,000 18.3750 8-Jun-99 11-Jun-99
400 20.1875 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
2,200 19.7196 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
600 20.0000 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 159
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
2,200 20.6250 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
250 19.8125 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
4,200 19.7196 8-Jun-99 11-Jun-99
10,000 21.0125 8-Jun-99 11-Jun-99
1,900 19.5000 8-Jun-99 11-Jun-99
400 20.1250 8-Jun-99 11-Jun-99
2,000 18.4375 8-Jun-99 11-Jun-99
100 20.5000 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
900 18.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 19.9375 8-Jun-99 11-Jun-99
100 18.5000 8-Jun-99 11-Jun-99
2,700 19.7196 8-Jun-99 11-Jun-99
200 19.8125 8-Jun-99 11-Jun-99
200 20.2500 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
100 20.5000 8-Jun-99 11-Jun-99
100 20.0000 8-Jun-99 11-Jun-99
300 19.0000 8-Jun-99 11-Jun-99
100 20.8750 8-Jun-99 11-Jun-99
10,000 20.5000 8-Jun-99 11-Jun-99
650 19.8750 8-Jun-99 11-Jun-99
100 19.5000 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
2,000 19.9375 8-Jun-99 11-Jun-99
2,500 19.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
1,000 19.2500 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
15,700 19.7196 8-Jun-99 11-Jun-99
600 20.1250 8-Jun-99 11-Jun-99
600 20.7176 8-Jun-99 11-Jun-99
1,940 20.1875 8-Jun-99 11-Jun-99
600 19.6250 8-Jun-99 11-Jun-99
4,800 19.1000 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
400 19.7500 8-Jun-99 11-Jun-99
10,000 20.8438 8-Jun-99 11-Jun-99
1,000 18.2500 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 19.2500 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
2,000 19.7500 8-Jun-99 11-Jun-99
1,300 20.7176 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
150 20.5000 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
2,000 19.3750 8-Jun-99 11-Jun-99
1,000 19.5000 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 160
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 20.1250 8-Jun-99 11-Jun-99
200 19.7500 8-Jun-99 11-Jun-99
2,200 19.7500 8-Jun-99 11-Jun-99
7,500 20.9142 8-Jun-99 11-Jun-99
300 19.5000 8-Jun-99 11-Jun-99
900 19.7500 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
3,000 19.0000 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
200 21.5000 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
100 19.3750 8-Jun-99 11-Jun-99
1,100 19.7500 8-Jun-99 11-Jun-99
2,900 20.8750 8-Jun-99 11-Jun-99
1,000 19.7500 8-Jun-99 11-Jun-99
500 19.0000 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
1,800 19.7196 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
1,900 19.7196 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
600 21.5000 8-Jun-99 11-Jun-99
100 20.3750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 19.7500 8-Jun-99 11-Jun-99
6,300 20.2045 8-Jun-99 11-Jun-99
900 19.8750 8-Jun-99 11-Jun-99
1,200 20.5000 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
3,500 19.8750 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
700 20.6250 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
600 20.7176 8-Jun-99 11-Jun-99
1,000 20.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
800 20.8750 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
600 20.5000 8-Jun-99 11-Jun-99
500 19.7500 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
400 20.0000 8-Jun-99 11-Jun-99
600 18.3750 8-Jun-99 11-Jun-99
200 20.1250 8-Jun-99 11-Jun-99
1,000 19.9375 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
10,000 20.0625 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
300 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 18.8750 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 161
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
200 20.1250 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
2,800 19.8750 8-Jun-99 11-Jun-99
1,100 20.0000 8-Jun-99 11-Jun-99
200 20.0625 8-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 19.8625 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
400 19.0000 8-Jun-99 11-Jun-99
800 19.9375 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
25,300 20.7176 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
300 20.7176 8-Jun-99 11-Jun-99
38,600 20.6875 8-Jun-99 11-Jun-99
25 20.6250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
5,200 20.9141 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
5,500 20.0000 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
100 18.8125 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
2,000 18.8750 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
1,300 19.6250 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
2,500 20.1750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
10,000 20.8750 8-Jun-99 11-Jun-99
1,000 20.7500 8-Jun-99 11-Jun-99
2,000 18.9225 8-Jun-99 11-Jun-99
400 20.2500 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
500 18.8750 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
1,500 20.1250 8-Jun-99 11-Jun-99
1,500 20.4425 8-Jun-99 11-Jun-99
985 19.1250 8-Jun-99 11-Jun-99
200 19.7500 8-Jun-99 11-Jun-99
25,000 20.7765 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
1,500 20.7176 8-Jun-99 11-Jun-99
1,500 19.9375 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
1,900 19.8750 8-Jun-99 11-Jun-99
200 20.1250 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
3,000 20.8750 8-Jun-99 11-Jun-99
6,000 20.6875 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 162
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
250 20.0000 8-Jun-99 11-Jun-99
600 19.2500 8-Jun-99 11-Jun-99
1,200 21.0000 8-Jun-99 11-Jun-99
2,900 18.8750 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 20.0625 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
3,000 20.7176 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
64,100 20.8750 8-Jun-99 11-Jun-99
300 20.1880 8-Jun-99 11-Jun-99
300 20.1880 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,400 19.8750 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
100 19.8125 8-Jun-99 11-Jun-99
4,000 20.7176 8-Jun-99 11-Jun-99
10,000 21.7500 8-Jun-99 11-Jun-99
300 20.6250 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
3,200 20.6250 8-Jun-99 11-Jun-99
500 18.8750 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
1,254 20.7188 8-Jun-99 11-Jun-99
2,500 20.9325 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
75,000 20.0549 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
1,000 21.0000 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
100 20.4375 8-Jun-99 11-Jun-99
300 19.8750 8-Jun-99 11-Jun-99
1,000 18.6250 8-Jun-99 11-Jun-99
500 21.0000 8-Jun-99 11-Jun-99
100 19.6250 8-Jun-99 11-Jun-99
600 20.6250 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
400 20.2500 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
300 20.6250 8-Jun-99 11-Jun-99
5,000 19.0000 8-Jun-99 11-Jun-99
8,000 20.1250 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
700 20.7500 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
200 20.2500 8-Jun-99 11-Jun-99
1,100 20.7176 8-Jun-99 11-Jun-99
2,000 20.9141 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
65,000 20.3077 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
500 21.2750 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
600 20.6250 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
100 20.3750 8-Jun-99 11-Jun-99
3,200 19.8750 8-Jun-99 11-Jun-99
400 19.6250 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 163
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
700 20.7176 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
600 20.5188 8-Jun-99 11-Jun-99
1,000 20.8450 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
200 20.2500 8-Jun-99 11-Jun-99
200 20.1250 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
1,000 19.3750 8-Jun-99 11-Jun-99
2,000 19.9500 8-Jun-99 11-Jun-99
200 18.2500 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
700 20.2188 8-Jun-99 11-Jun-99
12,800 19.1406 8-Jun-99 11-Jun-99
350 20.8800 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
100 20.0500 8-Jun-99 11-Jun-99
400 19.2500 8-Jun-99 11-Jun-99
100 19.2500 8-Jun-99 11-Jun-99
1,400 20.6250 8-Jun-99 11-Jun-99
700 20.5000 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
6,100 20.8750 8-Jun-99 11-Jun-99
1,500 19.9375 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
400 20.8750 8-Jun-99 11-Jun-99
5,000 20.8750 8-Jun-99 11-Jun-99
300 20.6875 8-Jun-99 11-Jun-99
900 19.7500 8-Jun-99 11-Jun-99
200 21.1250 8-Jun-99 11-Jun-99
900 19.7500 8-Jun-99 11-Jun-99
200 20.0000 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
300 19.8750 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
10,200 20.7176 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
5,000 20.5348 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
1,600 20.7176 8-Jun-99 11-Jun-99
200 21.3750 8-Jun-99 11-Jun-99
500 20.5348 8-Jun-99 11-Jun-99
300 19.8125 8-Jun-99 11-Jun-99
1,000 18.6250 8-Jun-99 11-Jun-99
200 20.4375 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
6,500 21.0000 8-Jun-99 11-Jun-99
17,200 20.3547 8-Jun-99 11-Jun-99
1,000 20.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
300 20.1250 8-Jun-99 11-Jun-99
700 19.9375 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
1,200 20.5000 8-Jun-99 11-Jun-99
100 19.0000 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 20.0625 8-Jun-99 11-Jun-99
400 20.7500 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 164
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
2,000 20.4825 8-Jun-99 11-Jun-99
100 18.5000 8-Jun-99 11-Jun-99
7,000 20.7176 8-Jun-99 11-Jun-99
100 20.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
5,000 21.2500 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
500 20.0625 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
75 19.2500 8-Jun-99 11-Jun-99
3,000 20.8125 8-Jun-99 11-Jun-99
500 19.5000 8-Jun-99 11-Jun-99
1,100 19.7196 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
1,500 20.6250 8-Jun-99 11-Jun-99
250 18.4750 8-Jun-99 11-Jun-99
2,000 20.6250 8-Jun-99 11-Jun-99
300 20.1880 8-Jun-99 11-Jun-99
2,000 18.8750 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
500 20.7176 8-Jun-99 11-Jun-99
300 20.2500 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
250 19.0000 8-Jun-99 11-Jun-99
400 19.8750 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 18.3750 8-Jun-99 11-Jun-99
7,800 20.6250 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,000 21.0625 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
7,300 20.7176 8-Jun-99 11-Jun-99
500 20.0625 8-Jun-99 11-Jun-99
3,000 19.9375 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
100 20.3750 8-Jun-99 11-Jun-99
600 19.9375 8-Jun-99 11-Jun-99
2,600 20.5348 8-Jun-99 11-Jun-99
200 20.7176 8-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
115 18.6250 8-Jun-99 11-Jun-99
110 20.6875 8-Jun-99 11-Jun-99
4,000 20.4359 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
200 21.4375 8-Jun-99 11-Jun-99
1,000 18.5000 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
500 19.8675 8-Jun-99 11-Jun-99
300 20.5000 8-Jun-99 11-Jun-99
245 18.8750 8-Jun-99 11-Jun-99
200 20.1250 8-Jun-99 11-Jun-99
800 19.8750 8-Jun-99 11-Jun-99
500 20.0625 8-Jun-99 11-Jun-99
100 20.0000 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
2,300 20.7176 8-Jun-99 11-Jun-99
39 19.9375 8-Jun-99 11-Jun-99
1,000 19.6250 8-Jun-99 11-Jun-99
1,500 19.3750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 165
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 21.4375 8-Jun-99 11-Jun-99
209,800 19.7196 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
500 18.8750 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 21.4375 8-Jun-99 11-Jun-99
2,500 20.0225 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
25 20.8750 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
1,000 20.0000 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
500 21.0000 8-Jun-99 11-Jun-99
800 18.8750 8-Jun-99 11-Jun-99
300 20.2500 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
350 19.8750 8-Jun-99 11-Jun-99
1,000 19.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
500 20.7500 8-Jun-99 11-Jun-99
300 20.0000 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
500 20.7500 8-Jun-99 11-Jun-99
6,500 20.2750 8-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
100 20.3750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
500 20.0625 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.0000 8-Jun-99 11-Jun-99
400 19.7500 8-Jun-99 11-Jun-99
1,000 20.6875 8-Jun-99 11-Jun-99
900 19.8750 8-Jun-99 11-Jun-99
700 18.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
300 20.0000 8-Jun-99 11-Jun-99
500 20.7500 8-Jun-99 11-Jun-99
2,000 19.7500 8-Jun-99 11-Jun-99
100 20.0625 8-Jun-99 11-Jun-99
1,200 19.9375 8-Jun-99 11-Jun-99
300 20.7176 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
14,000 18.8214 8-Jun-99 11-Jun-99
600 18.8750 8-Jun-99 11-Jun-99
3,900 20.7176 8-Jun-99 11-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
2,000 21.0388 8-Jun-99 11-Jun-99
900 18.5000 8-Jun-99 11-Jun-99
5,000 20.8750 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 166
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
3,000 20.8750 8-Jun-99 11-Jun-99
350 19.7500 8-Jun-99 11-Jun-99
400 18.5000 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
890 20.9135 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
100 20.1250 8-Jun-99 11-Jun-99
200 19.5000 8-Jun-99 11-Jun-99
500 20.5000 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
400 20.2500 8-Jun-99 11-Jun-99
5,000 20.1250 8-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
500 20.7500 8-Jun-99 11-Jun-99
500 20.6875 8-Jun-99 11-Jun-99
300 19.9375 8-Jun-99 11-Jun-99
200 19.3750 8-Jun-99 11-Jun-99
400 18.8750 8-Jun-99 11-Jun-99
300 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
3,000 20.1250 8-Jun-99 11-Jun-99
11,000 20.1875 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,800 18.8750 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
600 19.3750 8-Jun-99 11-Jun-99
400 20.5000 8-Jun-99 11-Jun-99
100 19.1250 8-Jun-99 11-Jun-99
400 20.1880 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,000 19.8750 8-Jun-99 11-Jun-99
100 19.8000 8-Jun-99 11-Jun-99
600 20.7176 8-Jun-99 11-Jun-99
10,000 20.3125 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
300 19.4750 8-Jun-99 11-Jun-99
1,550 20.0000 8-Jun-99 11-Jun-99
100 20.5348 8-Jun-99 11-Jun-99
1,200 20.5000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
300 18.1600 8-Jun-99 11-Jun-99
2,100 19.9072 8-Jun-99 11-Jun-99
400 19.8750 8-Jun-99 11-Jun-99
150 20.8125 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
1,000 21.0000 8-Jun-99 11-Jun-99
10,000 20.0000 8-Jun-99 11-Jun-99
500 20.2500 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 167
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
2,000 20.1250 8-Jun-99 11-Jun-99
1,000 19.2500 8-Jun-99 11-Jun-99
100 20.0000 8-Jun-99 11-Jun-99
800 19.9375 8-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
1,000 19.2500 8-Jun-99 11-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
50 20.5348 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
200 20.6875 8-Jun-99 11-Jun-99
500 18.8750 8-Jun-99 11-Jun-99
120 19.7500 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
7,500 20.2750 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
1,500 20.1250 8-Jun-99 11-Jun-99
4,700 20.7176 8-Jun-99 11-Jun-99
5,000 19.4375 8-Jun-99 11-Jun-99
300 20.0625 8-Jun-99 11-Jun-99
480 20.9135 8-Jun-99 11-Jun-99
1,000 20.7500 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
10,000 19.9375 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
2,600 19.9072 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
314 20.1250 8-Jun-99 11-Jun-99
100 18.8750 8-Jun-99 11-Jun-99
300 20.1880 8-Jun-99 11-Jun-99
5,000 20.8750 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
1,900 20.5000 8-Jun-99 11-Jun-99
500 20.5625 8-Jun-99 11-Jun-99
200 18.8125 8-Jun-99 11-Jun-99
3,800 20.0000 8-Jun-99 11-Jun-99
250 19.8750 8-Jun-99 11-Jun-99
1,200 20.1250 8-Jun-99 11-Jun-99
8,160 20.9135 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
800 19.8750 8-Jun-99 11-Jun-99
2,000 19.0000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
100 20.6250 8-Jun-99 11-Jun-99
8,000 20.8478 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
200 18.8750 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
1,000 20.4375 8-Jun-99 11-Jun-99
1,200 20.0000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
5,700 19.7196 8-Jun-99 11-Jun-99
1,000 20.7500 8-Jun-99 11-Jun-99
200 21.0625 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
400 18.8750 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 168
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,550 20.9135 8-Jun-99 11-Jun-99
500 20.7176 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
200 21.0000 8-Jun-99 11-Jun-99
100 19.1250 8-Jun-99 11-Jun-99
1,000 18.8750 8-Jun-99 11-Jun-99
200 18.6250 8-Jun-99 11-Jun-99
1,300 19.8750 8-Jun-99 11-Jun-99
150 19.8750 8-Jun-99 11-Jun-99
200 20.0000 8-Jun-99 11-Jun-99
1,000 20.1250 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
400 20.7176 8-Jun-99 11-Jun-99
300 20.5000 8-Jun-99 11-Jun-99
30,000 20.4792 8-Jun-99 11-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
3,000 19.7500 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 20.5625 8-Jun-99 11-Jun-99
800 19.7500 8-Jun-99 11-Jun-99
1,300 20.1250 8-Jun-99 11-Jun-99
100 20.7176 8-Jun-99 11-Jun-99
100 18.8750 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
11,400 20.6875 8-Jun-99 11-Jun-99
1,600 20.6250 8-Jun-99 11-Jun-99
400 20.7176 8-Jun-99 11-Jun-99
1,000 20.5000 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
100 19.8750 8-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
200 19.8750 8-Jun-99 11-Jun-99
100 20.3750 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
500 19.9375 8-Jun-99 11-Jun-99
4,400 20.5348 8-Jun-99 11-Jun-99
200 21.1250 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
5,000 20.6875 8-Jun-99 11-Jun-99
25,000 20.9148 8-Jun-99 11-Jun-99
300 20.8750 8-Jun-99 11-Jun-99
200 19.9375 8-Jun-99 11-Jun-99
5,000 18.5000 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
100 19.9375 8-Jun-99 11-Jun-99
2,000 19.7500 8-Jun-99 11-Jun-99
100 21.4375 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
200 20.1880 8-Jun-99 11-Jun-99
3,000 20.6250 8-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
200 20.6250 8-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
200 19.5625 8-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
3,000 20.5000 8-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 169
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
300 20.7500 8-Jun-99 11-Jun-99
200 18.3750 8-Jun-99 11-Jun-99
800 19.9375 8-Jun-99 11-Jun-99
37,838 19.3070 8-Jun-99 11-Jun-99
200 17.3925 9-Jun-99 14-Jun-99
200 19.1250 9-Jun-99 14-Jun-99
500 19.6250 9-Jun-99 14-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
300 18.0700 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
400 17.3750 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
1,000 17.0000 9-Jun-99 14-Jun-99
1,500 17.5000 9-Jun-99 14-Jun-99
200 20.2500 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
500 18.5000 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
400 16.8750 9-Jun-99 14-Jun-99
800 17.8750 9-Jun-99 14-Jun-99
100 17.8750 9-Jun-99 14-Jun-99
78,700 17.5314 9-Jun-99 14-Jun-99
500 17.5625 9-Jun-99 14-Jun-99
600 19.7500 9-Jun-99 14-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
900 17.5000 9-Jun-99 14-Jun-99
1,100 19.6250 9-Jun-99 14-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
1,000 17.6875 9-Jun-99 14-Jun-99
1,500 17.8750 9-Jun-99 14-Jun-99
400 17.5000 9-Jun-99 14-Jun-99
100 16.6900 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
450 20.2500 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
300 19.4089 9-Jun-99 14-Jun-99
1,000 18.3750 9-Jun-99 14-Jun-99
200 17.0000 9-Jun-99 14-Jun-99
1,000 18.5000 9-Jun-99 14-Jun-99
100 17.5000 9-Jun-99 14-Jun-99
100 18.9375 9-Jun-99 14-Jun-99
100 19.7500 9-Jun-99 14-Jun-99
500 17.8750 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
13,000 16.6625 9-Jun-99 14-Jun-99
37,800 17.4605 9-Jun-99 14-Jun-99
300 19.4089 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 19.3500 9-Jun-99 14-Jun-99
400 17.8750 9-Jun-99 14-Jun-99
190 18.6307 9-Jun-99 14-Jun-99
300 17.8200 9-Jun-99 14-Jun-99
900 19.4089 9-Jun-99 14-Jun-99
400 19.5000 9-Jun-99 14-Jun-99
150 18.0250 9-Jun-99 14-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
200 18.5000 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
300 19.4089 9-Jun-99 14-Jun-99
1,000 16.5250 9-Jun-99 14-Jun-99
300 19.4089 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 170
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 17.3750 9-Jun-99 14-Jun-99
300 19.4089 9-Jun-99 14-Jun-99
1,000 17.4375 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
700 17.3750 9-Jun-99 14-Jun-99
400 18.0625 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
50 17.5750 9-Jun-99 14-Jun-99
100 19.1250 9-Jun-99 14-Jun-99
3,100 17.6250 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
1,400 17.5625 9-Jun-99 14-Jun-99
1,000 19.2500 9-Jun-99 14-Jun-99
150 17.6250 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
190 18.6307 9-Jun-99 14-Jun-99
1,000 17.6250 9-Jun-99 14-Jun-99
1,100 19.5000 9-Jun-99 14-Jun-99
200 17.8200 9-Jun-99 14-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
1,200 18.0625 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
150 17.5625 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
150 17.5800 9-Jun-99 14-Jun-99
700 17.6250 9-Jun-99 14-Jun-99
200 19.1250 9-Jun-99 14-Jun-99
700 17.6250 9-Jun-99 14-Jun-99
1,000 18.1750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
200 17.5000 9-Jun-99 14-Jun-99
1,500 17.6250 9-Jun-99 14-Jun-99
24,100 19.4089 9-Jun-99 14-Jun-99
150 17.5800 9-Jun-99 14-Jun-99
200 19.4089 9-Jun-99 14-Jun-99
300 19.4089 9-Jun-99 14-Jun-99
1,000 17.5000 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 19.0300 9-Jun-99 14-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
500 16.5250 9-Jun-99 14-Jun-99
150 19.3625 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
600 19.8750 9-Jun-99 14-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
2,000 17.5625 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
500 17.6250 9-Jun-99 14-Jun-99
1,000 17.3750 9-Jun-99 14-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
400 19.8750 9-Jun-99 14-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
2,000 19.6250 9-Jun-99 14-Jun-99
1,000 18.9375 9-Jun-99 14-Jun-99
500 17.1750 9-Jun-99 14-Jun-99
190 18.6307 9-Jun-99 14-Jun-99
900 17.4375 9-Jun-99 14-Jun-99
1,625 16.8750 9-Jun-99 14-Jun-99
500 17.5625 9-Jun-99 14-Jun-99
400 17.5656 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 171
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
800 17.7500 9-Jun-99 14-Jun-99
1,000 19.7500 9-Jun-99 14-Jun-99
500 19.6250 9-Jun-99 14-Jun-99
1,500 18.0000 9-Jun-99 14-Jun-99
1,400 19.1250 9-Jun-99 14-Jun-99
2,000 17.6250 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 17.4375 9-Jun-99 14-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
100 17.5625 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
1,000 18.1750 9-Jun-99 14-Jun-99
1,000 18.5000 9-Jun-99 14-Jun-99
2,500 17.1250 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 18.0250 9-Jun-99 14-Jun-99
1,200 17.5625 9-Jun-99 14-Jun-99
25,000 17.3375 9-Jun-99 14-Jun-99
100 16.8750 9-Jun-99 14-Jun-99
400 19.5000 9-Jun-99 14-Jun-99
300 17.8750 9-Jun-99 14-Jun-99
1,000 19.1875 9-Jun-99 14-Jun-99
600 17.4375 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 18.8750 9-Jun-99 14-Jun-99
1,000 20.2500 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
300 17.3750 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
1,000 18.0625 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 17.1875 9-Jun-99 14-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
1,000 17.3125 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
1,700 17.5625 9-Jun-99 14-Jun-99
1,000 19.0000 9-Jun-99 14-Jun-99
500 19.8250 9-Jun-99 14-Jun-99
200 19.1250 9-Jun-99 14-Jun-99
400 17.3750 9-Jun-99 14-Jun-99
2,900 17.4605 9-Jun-99 14-Jun-99
1,000 17.3125 9-Jun-99 14-Jun-99
10,000 19.8750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 19.7500 9-Jun-99 14-Jun-99
300 19.1250 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
1,000 16.5250 9-Jun-99 14-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
4,250 17.6875 9-Jun-99 14-Jun-99
1,000 19.5000 9-Jun-99 14-Jun-99
2,000 20.0625 9-Jun-99 14-Jun-99
190 18.6307 9-Jun-99 14-Jun-99
450 20.1900 9-Jun-99 14-Jun-99
350 17.5625 9-Jun-99 14-Jun-99
300 18.0000 9-Jun-99 14-Jun-99
800 17.1250 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
500 17.5750 9-Jun-99 14-Jun-99
4,000 17.5625 9-Jun-99 14-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 172
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
185 18.6107 9-Jun-99 14-Jun-99
500 17.4375 9-Jun-99 14-Jun-99
600 17.5314 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
1,000 19.5000 9-Jun-99 14-Jun-99
500 17.5625 9-Jun-99 14-Jun-99
8,500 19.3125 9-Jun-99 14-Jun-99
2,000 17.5000 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
600 17.3750 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
1,000 17.6250 9-Jun-99 14-Jun-99
1,500 19.8750 9-Jun-99 14-Jun-99
50 17.5750 9-Jun-99 14-Jun-99
9,200 17.3641 9-Jun-99 14-Jun-99
600 18.5000 9-Jun-99 14-Jun-99
250 17.1750 9-Jun-99 14-Jun-99
23,800 19.4089 9-Jun-99 14-Jun-99
150 17.5750 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
500 17.5000 9-Jun-99 14-Jun-99
10,000 17.5000 9-Jun-99 14-Jun-99
5,000 17.3750 9-Jun-99 14-Jun-99
500 17.8750 9-Jun-99 14-Jun-99
200 19.1250 9-Jun-99 14-Jun-99
1,000 17.2500 9-Jun-99 14-Jun-99
700 20.1900 9-Jun-99 14-Jun-99
500 18.2225 9-Jun-99 14-Jun-99
100 19.0000 9-Jun-99 14-Jun-99
1,000 17.5625 9-Jun-99 14-Jun-99
2,000 17.6875 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
300 18.3750 9-Jun-99 14-Jun-99
200 18.1325 9-Jun-99 14-Jun-99
1,000 16.5250 9-Jun-99 14-Jun-99
500 18.2225 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 17.8125 9-Jun-99 14-Jun-99
250 17.5800 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
1,700 19.4089 9-Jun-99 14-Jun-99
500 18.3750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
800 19.1250 9-Jun-99 14-Jun-99
700 18.3750 9-Jun-99 14-Jun-99
400 19.5000 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
1,000 17.8750 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 19.1250 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
200 18.0625 9-Jun-99 14-Jun-99
400 19.5000 9-Jun-99 14-Jun-99
1,000 17.6875 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
1,200 17.5625 9-Jun-99 14-Jun-99
400 19.0000 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
500 17.5975 9-Jun-99 14-Jun-99
500 17.5000 9-Jun-99 14-Jun-99
600 19.4089 9-Jun-99 14-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 173
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
3,100 18.1250 9-Jun-99 14-Jun-99
400 19.0625 9-Jun-99 14-Jun-99
400 17.1250 9-Jun-99 14-Jun-99
600 17.0000 9-Jun-99 14-Jun-99
2,500 16.6400 9-Jun-99 14-Jun-99
300 17.6250 9-Jun-99 14-Jun-99
2,000 18.7500 9-Jun-99 14-Jun-99
1,000 19.1125 9-Jun-99 14-Jun-99
1,000 17.6875 9-Jun-99 14-Jun-99
500 17.7500 9-Jun-99 14-Jun-99
350 17.5000 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
1,300 17.5000 9-Jun-99 14-Jun-99
190 18.6307 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
1,000 20.0000 9-Jun-99 14-Jun-99
200 19.6875 9-Jun-99 14-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
300 17.5975 9-Jun-99 14-Jun-99
500 17.6250 9-Jun-99 14-Jun-99
100 19.4089 9-Jun-99 14-Jun-99
500 17.1750 9-Jun-99 14-Jun-99
600 17.0000 9-Jun-99 14-Jun-99
800 19.3750 9-Jun-99 14-Jun-99
500 18.0350 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
10,000 17.3750 9-Jun-99 14-Jun-99
2,100 17.6250 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
300 17.5000 9-Jun-99 14-Jun-99
500 20.2500 9-Jun-99 14-Jun-99
600 19.3750 9-Jun-99 14-Jun-99
600 17.5000 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
100 20.1625 9-Jun-99 14-Jun-99
700 19.9950 9-Jun-99 14-Jun-99
200 17.5800 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
1,100 18.2500 9-Jun-99 14-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
500 20.3125 9-Jun-99 14-Jun-99
500 19.3750 9-Jun-99 14-Jun-99
520 17.8750 9-Jun-99 14-Jun-99
2,000 19.5000 9-Jun-99 14-Jun-99
1,000 17.5625 9-Jun-99 14-Jun-99
500 17.0800 9-Jun-99 14-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
1,000 17.4375 9-Jun-99 14-Jun-99
1,000 17.5625 9-Jun-99 14-Jun-99
1,000 17.8750 9-Jun-99 14-Jun-99
200 18.0700 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
1,000 17.0625 9-Jun-99 14-Jun-99
1,100 17.6250 9-Jun-99 14-Jun-99
500 17.5800 9-Jun-99 14-Jun-99
1,000 17.6875 9-Jun-99 14-Jun-99
300 20.0250 9-Jun-99 14-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
500 17.5000 9-Jun-99 14-Jun-99
200 19.1250 9-Jun-99 14-Jun-99
100 17.5625 9-Jun-99 14-Jun-99
500 17.0175 9-Jun-99 14-Jun-99
1,500 17.5625 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
1,600 17.5314 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 174
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 19.5000 9-Jun-99 14-Jun-99
3,650 19.9563 9-Jun-99 14-Jun-99
400 16.9000 9-Jun-99 14-Jun-99
7,500 17.6250 9-Jun-99 14-Jun-99
3,766 18.0000 9-Jun-99 14-Jun-99
1,000 17.6250 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
200 17.8200 9-Jun-99 14-Jun-99
500 17.5800 9-Jun-99 14-Jun-99
200 18.7500 9-Jun-99 14-Jun-99
600 17.1250 9-Jun-99 14-Jun-99
1,000 16.5000 9-Jun-99 14-Jun-99
1,000 17.5000 9-Jun-99 14-Jun-99
1,000 18.7500 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
300 17.1750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
3,000 17.0000 9-Jun-99 14-Jun-99
1,000 17.5025 9-Jun-99 14-Jun-99
600 17.5625 9-Jun-99 14-Jun-99
2,600 17.5625 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
400 19.5000 9-Jun-99 14-Jun-99
1,000 17.6250 9-Jun-99 14-Jun-99
1,000 19.6250 9-Jun-99 14-Jun-99
700 17.5000 9-Jun-99 14-Jun-99
1,000 17.5000 9-Jun-99 14-Jun-99
200 19.8750 9-Jun-99 14-Jun-99
5,000 18.0000 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
1,000 17.4375 9-Jun-99 14-Jun-99
100 18.7500 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
5,000 17.6875 9-Jun-99 14-Jun-99
2,000 17.6875 9-Jun-99 14-Jun-99
700 17.5625 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
600 19.6250 9-Jun-99 14-Jun-99
1,000 17.7500 9-Jun-99 14-Jun-99
100 17.1750 9-Jun-99 14-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
1,900 17.5625 9-Jun-99 14-Jun-99
200 19.4089 9-Jun-99 14-Jun-99
500 19.6250 9-Jun-99 14-Jun-99
4,300 17.5314 9-Jun-99 14-Jun-99
100 19.0000 9-Jun-99 14-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
400 17.1750 9-Jun-99 14-Jun-99
200 17.2500 9-Jun-99 14-Jun-99
2,700 18.5000 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 19.8750 9-Jun-99 14-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
200 17.2500 9-Jun-99 14-Jun-99
700 19.0000 9-Jun-99 14-Jun-99
500 19.8750 9-Jun-99 14-Jun-99
400 17.5656 9-Jun-99 14-Jun-99
1,400 16.8750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
300 17.5625 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 175
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
400 17.5656 9-Jun-99 14-Jun-99
500 19.9500 9-Jun-99 14-Jun-99
100 18.1325 9-Jun-99 14-Jun-99
1,100 19.7500 9-Jun-99 14-Jun-99
300 19.4089 9-Jun-99 14-Jun-99
3,100 17.6875 9-Jun-99 14-Jun-99
200 19.7500 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
400 19.5000 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 17.0000 9-Jun-99 14-Jun-99
1,000 17.3125 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 18.5000 9-Jun-99 14-Jun-99
100 17.5625 9-Jun-99 14-Jun-99
250 18.2500 9-Jun-99 14-Jun-99
8,000 17.3641 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 19.0000 9-Jun-99 14-Jun-99
2,500 17.6875 9-Jun-99 14-Jun-99
100 19.0000 9-Jun-99 14-Jun-99
4,400 19.1250 9-Jun-99 14-Jun-99
150 18.0250 9-Jun-99 14-Jun-99
200 19.4089 9-Jun-99 14-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
200 19.7500 9-Jun-99 14-Jun-99
1,000 17.6250 9-Jun-99 14-Jun-99
100 17.3750 9-Jun-99 14-Jun-99
200 19.5000 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
500 19.9500 9-Jun-99 14-Jun-99
500 18.8750 9-Jun-99 14-Jun-99
500 17.1750 9-Jun-99 14-Jun-99
200 19.6250 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5625 9-Jun-99 14-Jun-99
500 20.0500 9-Jun-99 14-Jun-99
1,000 17.6875 9-Jun-99 14-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
1,500 17.8750 9-Jun-99 14-Jun-99
1,900 17.5314 9-Jun-99 14-Jun-99
2,000 17.6875 9-Jun-99 14-Jun-99
400 19.5000 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
200 17.3750 9-Jun-99 14-Jun-99
200 18.0700 9-Jun-99 14-Jun-99
300 17.0000 9-Jun-99 14-Jun-99
5,000 17.6250 9-Jun-99 14-Jun-99
100 19.0000 9-Jun-99 14-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
500 20.2500 9-Jun-99 14-Jun-99
200 17.6875 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
1,900 19.4089 9-Jun-99 14-Jun-99
2,000 16.6750 9-Jun-99 14-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
875 16.8750 9-Jun-99 14-Jun-99
800 17.5000 9-Jun-99 14-Jun-99
100 19.5000 9-Jun-99 14-Jun-99
100 19.0000 9-Jun-99 14-Jun-99
200 19.4089 9-Jun-99 14-Jun-99
150 19.0500 9-Jun-99 14-Jun-99
2,000 16.6250 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 176
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
10,000 16.6875 9-Jun-99 14-Jun-99
2,200 17.5000 9-Jun-99 14-Jun-99
1,000 18.1750 9-Jun-99 14-Jun-99
100 17.1750 9-Jun-99 14-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
600 19.8750 9-Jun-99 14-Jun-99
1,100 17.4605 9-Jun-99 14-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
100 16.7500 9-Jun-99 14-Jun-99
1,100 17.8750 9-Jun-99 14-Jun-99
200 19.8750 9-Jun-99 14-Jun-99
1,000 17.6600 9-Jun-99 14-Jun-99
400 16.8750 9-Jun-99 14-Jun-99
1,000 16.5250 9-Jun-99 14-Jun-99
500 19.9500 9-Jun-99 14-Jun-99
500 19.4089 9-Jun-99 14-Jun-99
200 19.7500 9-Jun-99 14-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
1,500 20.3125 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
2,000 20.2500 9-Jun-99 14-Jun-99
2,000 17.5625 9-Jun-99 14-Jun-99
450 19.2525 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
800 19.3750 9-Jun-99 14-Jun-99
400 17.5625 9-Jun-99 14-Jun-99
700 19.0000 9-Jun-99 14-Jun-99
705 17.3750 9-Jun-99 14-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
100 17.1250 9-Jun-99 14-Jun-99
36,000 17.5625 9-Jun-99 14-Jun-99
100 19.1250 9-Jun-99 14-Jun-99
500 17.5800 9-Jun-99 14-Jun-99
300 18.4250 9-Jun-99 14-Jun-99
1,000 17.9375 9-Jun-99 14-Jun-99
800 17.6875 9-Jun-99 14-Jun-99
200 19.8750 9-Jun-99 14-Jun-99
400 17.5975 9-Jun-99 14-Jun-99
200 19.1250 9-Jun-99 14-Jun-99
100 17.5625 9-Jun-99 14-Jun-99
1,000 19.6250 9-Jun-99 14-Jun-99
1,000 16.5000 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
500 19.0625 9-Jun-99 14-Jun-99
1,200 19.0000 9-Jun-99 14-Jun-99
200 17.6875 9-Jun-99 14-Jun-99
2,900 18.0000 9-Jun-99 14-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
1,000 17.6250 9-Jun-99 14-Jun-99
1,000 18.5000 9-Jun-99 14-Jun-99
200 19.7500 9-Jun-99 14-Jun-99
1,000 19.1250 9-Jun-99 14-Jun-99
5,000 17.6250 9-Jun-99 14-Jun-99
6,000 17.6250 9-Jun-99 14-Jun-99
150 17.5800 9-Jun-99 14-Jun-99
400 19.4089 9-Jun-99 14-Jun-99
1,350 19.9563 9-Jun-99 14-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
100 17.8750 9-Jun-99 14-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
500 19.9500 9-Jun-99 14-Jun-99
500 17.5625 9-Jun-99 14-Jun-99
150 17.5800 9-Jun-99 14-Jun-99
200 19.7500 9-Jun-99 14-Jun-99
400 19.2500 9-Jun-99 14-Jun-99
600 19.0000 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 177
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
150 17.5625 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
8,200 17.3750 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
150 17.5800 9-Jun-99 14-Jun-99
100 19.4089 9-Jun-99 14-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
1,400 19.4089 9-Jun-99 14-Jun-99
300 17.1750 9-Jun-99 14-Jun-99
400 19.4089 9-Jun-99 14-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
3,000 19.1250 9-Jun-99 14-Jun-99
500 17.1750 9-Jun-99 14-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
100 17.4375 9-Jun-99 14-Jun-99
200 17.3125 9-Jun-99 14-Jun-99
1,000 17.5625 9-Jun-99 14-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
500 17.6250 9-Jun-99 14-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
500 17.5625 9-Jun-99 14-Jun-99
600 19.6250 9-Jun-99 14-Jun-99
100 18.0250 9-Jun-99 14-Jun-99
200 19.4089 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
300 19.4089 9-Jun-99 14-Jun-99
200 19.0000 9-Jun-99 14-Jun-99
400 17.2400 9-Jun-99 14-Jun-99
1,800 17.5000 9-Jun-99 14-Jun-99
500 17.3750 9-Jun-99 14-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
3,000 17.1250 9-Jun-99 14-Jun-99
300 17.0000 9-Jun-99 14-Jun-99
200 19.8750 9-Jun-99 14-Jun-99
200 19.1250 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
800 19.1250 9-Jun-99 14-Jun-99
700 19.6875 9-Jun-99 14-Jun-99
600 17.0000 9-Jun-99 14-Jun-99
60 19.1250 9-Jun-99 14-Jun-99
200 18.8125 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
700 16.8750 9-Jun-99 14-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
700 19.4089 9-Jun-99 14-Jun-99
300 20.2500 9-Jun-99 14-Jun-99
300 17.5625 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
1,000 18.5000 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
400 17.6250 9-Jun-99 14-Jun-99
1,000 19.2500 9-Jun-99 14-Jun-99
1,600 18.8750 9-Jun-99 14-Jun-99
100 17.1750 9-Jun-99 14-Jun-99
1,000 17.5000 9-Jun-99 14-Jun-99
3,000 17.4375 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
150 17.5750 9-Jun-99 14-Jun-99
900 16.8750 9-Jun-99 14-Jun-99
1,000 17.6250 9-Jun-99 14-Jun-99
200 17.5800 9-Jun-99 14-Jun-99
400 17.6250 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 178
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 17.8200 9-Jun-99 14-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
1,100 19.8750 9-Jun-99 14-Jun-99
100 19.1250 9-Jun-99 14-Jun-99
300 17.3925 9-Jun-99 14-Jun-99
1,000 17.5625 9-Jun-99 14-Jun-99
1,000 17.5625 9-Jun-99 14-Jun-99
800 17.7500 9-Jun-99 14-Jun-99
100 19.5000 9-Jun-99 14-Jun-99
200 16.7812 9-Jun-99 14-Jun-99
1,000 17.4375 9-Jun-99 14-Jun-99
400 17.5656 9-Jun-99 14-Jun-99
200 17.5000 9-Jun-99 14-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
400 17.5656 9-Jun-99 14-Jun-99
200 18.0625 9-Jun-99 14-Jun-99
300 17.8200 9-Jun-99 14-Jun-99
500 17.1875 9-Jun-99 14-Jun-99
1,100 19.5000 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
200 17.5750 9-Jun-99 14-Jun-99
100 17.1750 9-Jun-99 14-Jun-99
1,000 19.8750 9-Jun-99 14-Jun-99
200 17.7500 10-Jun-99 15-Jun-99
100 16.4588 10-Jun-99 15-Jun-99
1,000 17.0625 10-Jun-99 15-Jun-99
500 16.1750 10-Jun-99 15-Jun-99
400 16.5000 10-Jun-99 15-Jun-99
2,900 16.6393 10-Jun-99 15-Jun-99
1,000 16.8750 10-Jun-99 15-Jun-99
1,000 16.5625 10-Jun-99 15-Jun-99
100 16.4588 10-Jun-99 15-Jun-99
1,000 17.1250 10-Jun-99 15-Jun-99
2,000 17.0625 10-Jun-99 15-Jun-99
900 16.7500 10-Jun-99 15-Jun-99
1,000 16.6250 10-Jun-99 15-Jun-99
5,000 16.8750 10-Jun-99 15-Jun-99
1,000 16.8750 10-Jun-99 15-Jun-99
700 16.7500 10-Jun-99 15-Jun-99
200 16.8750 10-Jun-99 15-Jun-99
200 16.9375 10-Jun-99 15-Jun-99
200 16.6875 10-Jun-99 15-Jun-99
700 16.1250 10-Jun-99 15-Jun-99
1,300 16.6393 10-Jun-99 15-Jun-99
200 17.0625 10-Jun-99 15-Jun-99
1,500 16.5000 10-Jun-99 15-Jun-99
6,900 17.0000 10-Jun-99 15-Jun-99
1,000 17.0625 10-Jun-99 15-Jun-99
200 16.6875 10-Jun-99 15-Jun-99
500 16.5450 10-Jun-99 15-Jun-99
3,200 16.6393 10-Jun-99 15-Jun-99
100 17.0000 10-Jun-99 15-Jun-99
1,000 17.0000 10-Jun-99 15-Jun-99
700 16.6250 10-Jun-99 15-Jun-99
1,000 16.5000 10-Jun-99 15-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
1,500 16.5000 10-Jun-99 15-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
1,000 16.2500 10-Jun-99 15-Jun-99
400 16.2500 10-Jun-99 15-Jun-99
1,400 16.8040 10-Jun-99 15-Jun-99
200 16.5000 10-Jun-99 15-Jun-99
</TABLE>
<PAGE> 179
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- ----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 16.2500 10-Jun-99 15-Jun-99
400 16.2500 10-Jun-99 15-Jun-99
22,000 16.6393 10-Jun-99 15-Jun-99
3,100 16.8040 10-Jun-99 15-Jun-99
1,000 16.3750 10-Jun-99 15-Jun-99
1,300 16.3750 10-Jun-99 15-Jun-99
1,000 16.3750 10-Jun-99 15-Jun-99
1,000 17.2500 10-Jun-99 15-Jun-99
10,000 17.1250 10-Jun-99 15-Jun-99
1,000 16.6250 10-Jun-99 15-Jun-99
500 16.3175 10-Jun-99 15-Jun-99
250 16.1000 10-Jun-99 15-Jun-99
1,000 16.5000 10-Jun-99 15-Jun-99
750 16.2500 10-Jun-99 15-Jun-99
1,300 16.5000 10-Jun-99 15-Jun-99
1,000 16.2500 10-Jun-99 15-Jun-99
1,000 17.2500 10-Jun-99 15-Jun-99
1,000 16.4050 10-Jun-99 15-Jun-99
700 16.4050 10-Jun-99 15-Jun-99
100 16.5000 10-Jun-99 15-Jun-99
100 16.7500 10-Jun-99 15-Jun-99
1,000 16.5000 10-Jun-99 15-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
400 16.8040 10-Jun-99 15-Jun-99
1,100 16.5000 10-Jun-99 15-Jun-99
400 16.7400 10-Jun-99 15-Jun-99
1,100 16.8040 10-Jun-99 15-Jun-99
200 16.7500 10-Jun-99 15-Jun-99
1,000 16.4050 10-Jun-99 15-Jun-99
1,000 16.6250 10-Jun-99 15-Jun-99
800 16.8750 10-Jun-99 15-Jun-99
2,000 17.4375 10-Jun-99 15-Jun-99
100 16.8750 10-Jun-99 15-Jun-99
700 17.0625 10-Jun-99 15-Jun-99
500 16.1250 10-Jun-99 15-Jun-99
100 16.3750 10-Jun-99 15-Jun-99
1,000 17.1250 10-Jun-99 15-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
400 16.7500 10-Jun-99 15-Jun-99
1,000 16.6250 10-Jun-99 15-Jun-99
5,000 16.4375 10-Jun-99 15-Jun-99
3,000 16.6250 10-Jun-99 15-Jun-99
5,600 16.6393 10-Jun-99 15-Jun-99
1,000 16.8750 10-Jun-99 15-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
1,000 16.2500 10-Jun-99 15-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
100 16.5000 10-Jun-99 15-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
200 16.7500 10-Jun-99 15-Jun-99
700 16.1250 10-Jun-99 15-Jun-99
1,000 16.6250 10-Jun-99 15-Jun-99
200 16.7500 10-Jun-99 15-Jun-99
750 16.2500 10-Jun-99 15-Jun-99
1,000 16.4050 10-Jun-99 15-Jun-99
3,500 16.2500 10-Jun-99 15-Jun-99
500 17.0000 10-Jun-99 15-Jun-99
750 16.2500 10-Jun-99 15-Jun-99
200 17.0000 10-Jun-99 15-Jun-99
800 16.9375 10-Jun-99 15-Jun-99
1,000 17.3750 10-Jun-99 15-Jun-99
400 16.5000 10-Jun-99 15-Jun-99
600 17.2500 10-Jun-99 15-Jun-99
1,000 16.6250 10-Jun-99 15-Jun-99
1,000 16.5000 10-Jun-99 15-Jun-99
1,000 16.3750 10-Jun-99 15-Jun-99
</TABLE>
<PAGE> 180
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- ----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 17.0000 10-Jun-99 15-Jun-99
1,000 16.2500 10-Jun-99 15-Jun-99
50 16.7500 10-Jun-99 15-Jun-99
56,500 16.8040 10-Jun-99 15-Jun-99
2,000 17.0625 10-Jun-99 15-Jun-99
100 16.6250 10-Jun-99 15-Jun-99
50 17.0625 10-Jun-99 15-Jun-99
1,000 16.8750 10-Jun-99 15-Jun-99
300 16.7500 10-Jun-99 15-Jun-99
3,500 16.2500 10-Jun-99 15-Jun-99
2,000 16.9775 10-Jun-99 15-Jun-99
1,000 16.2500 10-Jun-99 15-Jun-99
750 16.2500 10-Jun-99 15-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
1,000 16.6250 10-Jun-99 15-Jun-99
200 17.0000 10-Jun-99 15-Jun-99
1,000 17.1250 10-Jun-99 15-Jun-99
400 16.7400 10-Jun-99 15-Jun-99
400 16.7400 10-Jun-99 15-Jun-99
300 17.0625 10-Jun-99 15-Jun-99
2,500 16.8750 10-Jun-99 15-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
800 17.6250 10-Jun-99 15-Jun-99
300 16.8750 11-Jun-99 16-Jun-99
500 16.5000 11-Jun-99 16-Jun-99
3,900 16.8716 11-Jun-99 16-Jun-99
100 16.9375 11-Jun-99 16-Jun-99
100 17.3125 11-Jun-99 16-Jun-99
1,000 17.0975 11-Jun-99 16-Jun-99
3,500 16.9098 11-Jun-99 16-Jun-99
250 16.8750 11-Jun-99 16-Jun-99
1,000 16.9375 11-Jun-99 16-Jun-99
700 16.9375 11-Jun-99 16-Jun-99
3,600 16.9098 11-Jun-99 16-Jun-99
4,400 16.9098 11-Jun-99 16-Jun-99
1,000 16.7500 11-Jun-99 16-Jun-99
500 17.0975 11-Jun-99 16-Jun-99
1,000 16.7500 11-Jun-99 16-Jun-99
300 16.6250 11-Jun-99 16-Jun-99
1,700 16.8750 11-Jun-99 16-Jun-99
1,500 16.5000 11-Jun-99 16-Jun-99
1,500 16.7500 11-Jun-99 16-Jun-99
500 16.8750 11-Jun-99 16-Jun-99
300 16.7500 11-Jun-99 16-Jun-99
45,200 16.7888 11-Jun-99 16-Jun-99
2,000 16.6250 11-Jun-99 16-Jun-99
100 17.3750 11-Jun-99 16-Jun-99
1,000 16.9140 11-Jun-99 16-Jun-99
1,000 17.2500 11-Jun-99 16-Jun-99
1,000 17.5000 11-Jun-99 16-Jun-99
1,000 16.9375 11-Jun-99 16-Jun-99
1,000 17.3125 11-Jun-99 16-Jun-99
200 17.0625 11-Jun-99 16-Jun-99
3,000 16.6250 11-Jun-99 16-Jun-99
1,300 16.9375 11-Jun-99 16-Jun-99
300 16.8750 11-Jun-99 16-Jun-99
1,300 16.7500 11-Jun-99 16-Jun-99
1,000 16.6250 11-Jun-99 16-Jun-99
250 16.8750 11-Jun-99 16-Jun-99
2,500 16.7888 11-Jun-99 16-Jun-99
1,000 16.9375 11-Jun-99 16-Jun-99
1,800 16.9098 11-Jun-99 16-Jun-99
500 16.4250 11-Jun-99 16-Jun-99
250 16.8750 11-Jun-99 16-Jun-99
100 17.3125 11-Jun-99 16-Jun-99
100 17.3750 11-Jun-99 16-Jun-99
</TABLE>
<PAGE> 181
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- ----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 16.6875 11-Jun-99 16-Jun-99
1,000 16.7500 11-Jun-99 16-Jun-99
500 16.8750 11-Jun-99 16-Jun-99
1,000 16.8750 11-Jun-99 16-Jun-99
100 16.6250 11-Jun-99 16-Jun-99
200 16.3125 11-Jun-99 16-Jun-99
1,000 17.0975 11-Jun-99 16-Jun-99
2,100 16.7500 11-Jun-99 16-Jun-99
100 16.7500 11-Jun-99 16-Jun-99
1,000 16.9375 11-Jun-99 16-Jun-99
1,000 16.7500 11-Jun-99 16-Jun-99
200 16.6250 11-Jun-99 16-Jun-99
300 16.8750 11-Jun-99 16-Jun-99
1,000 16.8750 11-Jun-99 16-Jun-99
500 16.8750 11-Jun-99 16-Jun-99
3,000 17.1292 11-Jun-99 16-Jun-99
500 16.8750 11-Jun-99 16-Jun-99
300 17.3125 11-Jun-99 16-Jun-99
400 16.7500 11-Jun-99 16-Jun-99
4,000 17.2500 11-Jun-99 16-Jun-99
4,100 16.8750 11-Jun-99 16-Jun-99
300 16.7888 11-Jun-99 16-Jun-99
200 16.6250 11-Jun-99 16-Jun-99
600 17.3125 11-Jun-99 16-Jun-99
500 16.2500 11-Jun-99 16-Jun-99
2,400 16.9098 11-Jun-99 16-Jun-99
800 16.8750 11-Jun-99 16-Jun-99
1,000 17.2500 11-Jun-99 16-Jun-99
1,000 16.7500 11-Jun-99 16-Jun-99
800 16.8750 11-Jun-99 16-Jun-99
2,400 16.7500 11-Jun-99 16-Jun-99
500 16.8750 11-Jun-99 16-Jun-99
200 16.5500 11-Jun-99 16-Jun-99
700 16.6250 11-Jun-99 16-Jun-99
1,500 16.7500 11-Jun-99 16-Jun-99
1,800 16.6250 11-Jun-99 16-Jun-99
15,500 16.8716 11-Jun-99 16-Jun-99
500 16.7500 11-Jun-99 16-Jun-99
1,000 16.8716 11-Jun-99 16-Jun-99
250 16.8750 11-Jun-99 16-Jun-99
1,000 17.1625 11-Jun-99 16-Jun-99
500 16.8750 11-Jun-99 16-Jun-99
700 16.9375 11-Jun-99 16-Jun-99
2,600 16.9098 11-Jun-99 16-Jun-99
4,900 16.9098 11-Jun-99 16-Jun-99
200 16.4375 11-Jun-99 16-Jun-99
400 16.6250 11-Jun-99 16-Jun-99
500 16.6250 11-Jun-99 16-Jun-99
200 16.5500 11-Jun-99 16-Jun-99
1,000 16.9098 11-Jun-99 16-Jun-99
200 17.3125 11-Jun-99 16-Jun-99
1,500 17.1292 11-Jun-99 16-Jun-99
1,000 17.5000 11-Jun-99 16-Jun-99
500 17.0975 11-Jun-99 16-Jun-99
900 16.7888 11-Jun-99 16-Jun-99
500 17.0975 11-Jun-99 16-Jun-99
200 16.5625 11-Jun-99 16-Jun-99
600 16.5000 11-Jun-99 16-Jun-99
1,300 16.9098 11-Jun-99 16-Jun-99
1,500 17.1292 11-Jun-99 16-Jun-99
500 16.5000 11-Jun-99 16-Jun-99
200 16.6250 11-Jun-99 16-Jun-99
250 16.8750 11-Jun-99 16-Jun-99
1,100 16.7888 11-Jun-99 16-Jun-99
250 16.8750 11-Jun-99 16-Jun-99
1,000 16.7500 11-Jun-99 16-Jun-99
</TABLE>
<PAGE> 182
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- ----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
5,000 16.9098 11-Jun-99 16-Jun-99
200 16.5625 11-Jun-99 16-Jun-99
300 17.3125 11-Jun-99 16-Jun-99
500 16.3125 11-Jun-99 16-Jun-99
500 20.0000 8-Jun-99 11-Jun-99
500 17.0000 10-Jun-99 15-Jun-99
300 19.8125 8-Jun-99 11-Jun-99
300 20.6250 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
750 12.0000 7-Jun-99 11-Jun-99
750 18.8750 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.8750 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.8750 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
10,000 12.0000 7-Jun-99 11-Jun-99
70,000 20.0634 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
7,500 18.6250 8-Jun-99 11-Jun-99
5,000 19.3750 8-Jun-99 11-Jun-99
2,500 19.0000 8-Jun-99 11-Jun-99
5,000 21.1250 8-Jun-99 11-Jun-99
5,000 20.5625 8-Jun-99 11-Jun-99
700 20.5000 8-Jun-99 11-Jun-99
9,000 21.0000 8-Jun-99 11-Jun-99
2,500 19.2500 8-Jun-99 11-Jun-99
2,500 18.7500 8-Jun-99 11-Jun-99
10,000 20.4375 8-Jun-99 11-Jun-99
7,500 19.5000 8-Jun-99 11-Jun-99
5,000 20.6250 8-Jun-99 11-Jun-99
2,800 20.8125 8-Jun-99 11-Jun-99
2,500 21.0000 8-Jun-99 11-Jun-99
2,500 19.6250 8-Jun-99 11-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
700 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
350 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
250 18.2500 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
600 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 183
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- ----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
1,400 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
168 12.0000 7-Jun-99 11-Jun-99
168 19.8750 8-Jun-99 11-Jun-99
68 12.0000 7-Jun-99 11-Jun-99
68 19.8750 8-Jun-99 11-Jun-99
74 12.0000 7-Jun-99 11-Jun-99
74 19.8750 8-Jun-99 11-Jun-99
53 12.0000 7-Jun-99 11-Jun-99
53 19.8750 8-Jun-99 11-Jun-99
199 12.0000 7-Jun-99 11-Jun-99
199 19.8750 8-Jun-99 11-Jun-99
70 12.0000 7-Jun-99 11-Jun-99
70 19.8750 8-Jun-99 11-Jun-99
34 12.0000 7-Jun-99 11-Jun-99
34 19.8750 8-Jun-99 11-Jun-99
117 12.0000 7-Jun-99 11-Jun-99
117 19.8750 8-Jun-99 11-Jun-99
335 12.0000 7-Jun-99 11-Jun-99
335 19.8750 8-Jun-99 11-Jun-99
49 12.0000 7-Jun-99 11-Jun-99
49 19.8750 8-Jun-99 11-Jun-99
40 12.0000 7-Jun-99 11-Jun-99
40 19.8750 8-Jun-99 11-Jun-99
5 12.0000 7-Jun-99 11-Jun-99
5 19.8750 8-Jun-99 11-Jun-99
202 12.0000 7-Jun-99 11-Jun-99
202 19.8750 8-Jun-99 11-Jun-99
330 12.0000 7-Jun-99 11-Jun-99
330 19.8750 8-Jun-99 11-Jun-99
161 12.0000 7-Jun-99 11-Jun-99
161 19.8750 8-Jun-99 11-Jun-99
99 12.0000 7-Jun-99 11-Jun-99
99 19.8750 8-Jun-99 11-Jun-99
178 12.0000 7-Jun-99 11-Jun-99
178 19.8750 8-Jun-99 11-Jun-99
83 12.0000 7-Jun-99 11-Jun-99
83 19.8750 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 16.8750 11-Jun-99 16-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.0000 10-Jun-99 15-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 184
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- ----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
450 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
600 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 17.5800 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
250 17.5800 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.5800 9-Jun-99 14-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 17.5800 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 17.5800 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
2,000 18.9225 8-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 17.5800 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.5800 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 17.5800 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5800 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
600 12.0000 7-Jun-99 11-Jun-99
600 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.1893 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.1893 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 19.4750 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 185
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
300 20.1893 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
1,000 21.0388 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
2,000 21.0388 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
2,000 21.0388 8-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
250 18.7500 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.5000 8-Jun-99 11-Jun-99
500 21.2750 8-Jun-99 11-Jun-99
500 21.2750 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 18.9375 8-Jun-99 11-Jun-99
1,600 12.0000 7-Jun-99 11-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 19.5000 9-Jun-99 14-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 19.5000 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
700 12.0000 7-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 186
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.3175 10-Jun-99 15-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 19.9500 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 19.9500 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 19.9500 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 19.9500 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 19.8250 9-Jun-99 14-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.2225 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.0350 9-Jun-99 14-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 17.6600 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.2225 9-Jun-99 14-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
700 12.0000 7-Jun-99 11-Jun-99
700 19.9950 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.8750 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 19.5000 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
250 16.8750 11-Jun-99 16-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
250 16.8750 11-Jun-99 16-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
250 16.8750 11-Jun-99 16-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 187
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
250 16.8750 11-Jun-99 16-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.8750 11-Jun-99 16-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.8750 11-Jun-99 16-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
250 16.8750 11-Jun-99 16-Jun-99
4,000 12.0000 7-Jun-99 11-Jun-99
10,000 21.0125 8-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 16.5500 11-Jun-99 16-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
3,000 12.0000 7-Jun-99 11-Jun-99
1,500 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.1730 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 16.2500 10-Jun-99 15-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.2500 10-Jun-99 15-Jun-99
750 12.0000 7-Jun-99 11-Jun-99
750 16.2500 10-Jun-99 15-Jun-99
750 12.0000 7-Jun-99 11-Jun-99
750 16.2500 10-Jun-99 15-Jun-99
750 12.0000 7-Jun-99 11-Jun-99
750 16.2500 10-Jun-99 15-Jun-99
</TABLE>
<PAGE> 188
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
350 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
250 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
1,900 17.5625 9-Jun-99 14-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 17.5656 9-Jun-99 14-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 17.5656 9-Jun-99 14-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 17.5656 9-Jun-99 14-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 17.5656 9-Jun-99 14-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 17.5656 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.1880 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.1880 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 20.1880 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.1880 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 20.1880 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.1880 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.1880 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 189
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 18.8125 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 190
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 191
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 12.0000 7-Jun-99 11-Jun-99
100 17.6875 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
2,000 20.6250 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
1,500 12.0000 7-Jun-99 11-Jun-99
1,500 20.6250 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
1,500 12.0000 7-Jun-99 11-Jun-99
1,500 20.6250 8-Jun-99 11-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
2,000 20.6250 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
2,000 20.6250 8-Jun-99 11-Jun-99
800 12.0000 7-Jun-99 11-Jun-99
800 20.6250 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 20.6250 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.6250 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 17.5625 9-Jun-99 14-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 17.5625 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.5625 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 192
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 18.1750 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.1750 9-Jun-99 14-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 18.1750 9-Jun-99 14-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 18.1750 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
1,200 12.0000 7-Jun-99 11-Jun-99
900 12.0000 7-Jun-99 11-Jun-99
900 18.5000 9-Jun-99 14-Jun-99
900 12.0000 7-Jun-99 11-Jun-99
1,800 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 193
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.7500 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.7500 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.7500 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
2,000 17.8719 9-Jun-99 14-Jun-99
500 17.8719 9-Jun-99 14-Jun-99
500 17.8719 9-Jun-99 14-Jun-99
2,000 17.8719 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
1,000 17.8719 9-Jun-99 14-Jun-99
2,000 17.8719 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 19.8675 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 16.6900 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 194
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 17.5750 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
50 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
50 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 195
<TABLE>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
50 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.5750 9-Jun-99 14-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
165 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
135 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
800 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 16.5000 10-Jun-99 15-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 16.8750 10-Jun-99 15-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 196
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
175 12.0000 7-Jun-99 11-Jun-99
280 12.0000 7-Jun-99 11-Jun-99
120 12.0000 7-Jun-99 11-Jun-99
175 12.0000 7-Jun-99 11-Jun-99
175 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
</TABLE>
<PAGE> 197
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.6250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 198
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
185 12.0000 7-Jun-99 11-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
190 12.0000 7-Jun-99 11-Jun-99
190 18.6307 9-Jun-99 14-Jun-99
185 12.0000 7-Jun-99 11-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
185 12.0000 7-Jun-99 11-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
190 12.0000 7-Jun-99 11-Jun-99
190 18.6307 9-Jun-99 14-Jun-99
185 12.0000 7-Jun-99 11-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
185 12.0000 7-Jun-99 11-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
185 12.0000 7-Jun-99 11-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
185 12.0000 7-Jun-99 11-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
185 12.0000 7-Jun-99 11-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
185 12.0000 7-Jun-99 11-Jun-99
185 18.6107 9-Jun-99 14-Jun-99
425 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
5,000 17.2125 10-Jun-99 15-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
5,000 17.2125 10-Jun-99 15-Jun-99
5,000 17.8719 9-Jun-99 14-Jun-99
5,000 17.8719 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.8200 9-Jun-99 14-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 17.8200 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.8200 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 18.0625 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 18.0625 9-Jun-99 14-Jun-99
1,200 12.0000 7-Jun-99 11-Jun-99
1,200 18.0625 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 199
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 20.2900 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
600 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 200
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
500 18.0000 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.0000 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.0000 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.0000 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.0000 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.0000 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 18.0000 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.8750 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.1750 9-Jun-99 14-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 17.1750 9-Jun-99 14-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 17.1750 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.1750 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 17.1750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.1750 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.1750 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 17.1750 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 17.1750 9-Jun-99 14-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 17.5975 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.5975 9-Jun-99 14-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 17.5975 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.4250 11-Jun-99 16-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
1,300 12.0000 7-Jun-99 11-Jun-99
1,300 19.8750 8-Jun-99 11-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
2,000 19.8750 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.0625 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.1250 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 19.8125 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 19.7500 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 19.7500 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.0000 8-Jun-99 11-Jun-99
</TABLE>
<PAGE> 201
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
300 12.0000 7-Jun-99 11-Jun-99
300 20.0000 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 19.7500 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 18.4250 9-Jun-99 14-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 17.3925 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.0175 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.5800 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.0800 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 18.0250 9-Jun-99 14-Jun-99
150 12.0000 7-Jun-99 11-Jun-99
150 18.0250 9-Jun-99 14-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 20.2500 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 20.2500 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.2500 8-Jun-99 11-Jun-99
1,500 12.0000 7-Jun-99 11-Jun-99
1,500 20.2500 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.2500 8-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 20.2500 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.2500 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.2500 8-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
300 20.2500 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 20.2500 8-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 202
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
400 20.2500 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.2500 8-Jun-99 11-Jun-99
750 12.0000 7-Jun-99 11-Jun-99
1,500 12.0000 7-Jun-99 11-Jun-99
1,500 12.0000 7-Jun-99 11-Jun-99
750 12.0000 7-Jun-99 11-Jun-99
1,500 12.0000 7-Jun-99 11-Jun-99
225 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
105 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
25 12.0000 7-Jun-99 11-Jun-99
45 12.0000 7-Jun-99 11-Jun-99
225 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
400 20.0000 8-Jun-99 11-Jun-99
200 12.0000 7-Jun-99 11-Jun-99
200 20.0000 8-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
100 12.0000 7-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 17.0975 11-Jun-99 16-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.0975 11-Jun-99 16-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 17.0975 11-Jun-99 16-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 17.1625 11-Jun-99 16-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 17.0975 11-Jun-99 16-Jun-99
6,500 12.0000 7-Jun-99 11-Jun-99
6,500 20.2750 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 16.5250 9-Jun-99 14-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 16.5250 9-Jun-99 14-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 16.5250 9-Jun-99 14-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 16.5250 9-Jun-99 14-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
500 16.5250 9-Jun-99 14-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
500 12.0000 7-Jun-99 11-Jun-99
3,000 12.0000 7-Jun-99 11-Jun-99
3,000 20.0225 8-Jun-99 11-Jun-99
2,500 12.0000 7-Jun-99 11-Jun-99
2,500 20.0225 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 19.1125 9-Jun-99 14-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
2,000 16.6750 9-Jun-99 14-Jun-99
2,000 12.0000 7-Jun-99 11-Jun-99
2,000 20.4825 8-Jun-99 11-Jun-99
1,500 12.0000 7-Jun-99 11-Jun-99
1,500 20.4425 8-Jun-99 11-Jun-99
1,250 12.0000 7-Jun-99 11-Jun-99
3,000 12.0000 7-Jun-99 11-Jun-99
3,000 17.1292 11-Jun-99 16-Jun-99
1,500 12.0000 7-Jun-99 11-Jun-99
1,500 17.1292 11-Jun-99 16-Jun-99
1,500 12.0000 7-Jun-99 11-Jun-99
1,500 17.1292 11-Jun-99 16-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
</TABLE>
<PAGE> 203
<TABLE>
<CAPTION>
Purchases Sales Price Trade Date Settlement Date
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1,000 16.9140 11-Jun-99 16-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 20.5625 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 20.6875 8-Jun-99 11-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 16.4050 10-Jun-99 15-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 16.4050 10-Jun-99 15-Jun-99
1,000 12.0000 7-Jun-99 11-Jun-99
1,000 16.4050 10-Jun-99 15-Jun-99
800 12.0000 7-Jun-99 11-Jun-99
400 12.0000 7-Jun-99 11-Jun-99
300 12.0000 7-Jun-99 11-Jun-99
800 12.0000 7-Jun-99 11-Jun-99
</TABLE>
