- 11 - 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 ofPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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