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trust) for the benefit of decedent and none of which was subject
to any restrictive sale provisions or buy-sell agreements. On
the valuation date, decedent transferred 25 shares of such stock
to his son Robert Davis and 25 shares of such stock to his son
Lee Davis. On that date, each of those two blocks of ADDI&C
common stock constituted 25.77 percent of the issued and
outstanding common stock of ADDI&C.
As of the valuation date, ADDI&C was primarily a holding
company for various assets of decedent, although ADDI&C also had
certain cattle operations (both feeder and breeding cattle) as of
that date. Specifically, on the valuation date, ADDI&C owned
1,020,666 shares, or 1.328 percent, of the issued and outstanding
common stock of Winn-Dixie, which was at all relevant times
traded on the New York Stock Exchange (NYSE); 3,456 shares, or
.0737 percent, of the issued and outstanding common stock of
D.D.I., Inc. (DDI), which was a holding company for various
assets of decedent and his family and the stock of which was at
all relevant times not publicly traded; various feeder and
breeding cattle; certain equipment; and certain other
unidentified assets.
As of the valuation date, ADDI&C's management group
consisted of the following individuals who were serving in the
positions indicated: Artemus D. Davis, chairman of the board of
directors, president, and director; James E. Davis, executive
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