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beneficial ownership of securities (SEC Form 4) with respect to
Michael Ferguson. That statement indicates that the gifts to the
Church and the MF Foundation occurred on September 9, 1988.
Gifts by Roger and Sybil Ferguson
On August 21, 1988, Roger Ferguson, in contemplation of a
tithing, executed a donation-in-kind record indicating the
intention of Roger and Sybil Ferguson to donate 31,111 shares of
AHC stock to the Church. On or about August 23, 1988, Brett
Floyd assisted Roger and Sybil Ferguson to open a new brokerage
account and to place 341,366 shares of AHC stock in that account.
A legend restricting transfer appeared on those shares, and
Merrill Lynch would not sell or otherwise transfer the shares
until it was advised that it could do so by its legal department;
that clearance process “took upwards of two weeks”. On
August 26, 1988, Roger and Sybil Ferguson formed the Roger and
Sybil Ferguson Charitable Foundation (R & S Foundation). On
September 8, 1988, Brett Floyd caused an in-house journal entry
to be made to transfer from Roger and Sybil Ferguson's brokerage
account 31,111 shares of AHC stock to an account maintained by
the Church and 26,667 shares of AHC stock to the account
maintained by the R & S Foundation. On September 9, 1988, Roger
and Sybil Ferguson executed an authorization to transfer the
shares that Brett Floyd transferred by in-house journal entry the
day before. On October 5, 1988, Billy G. DuPree, Jr., forwarded
to the SEC statements of changes in beneficial ownership of
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