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vice president and director; Robert Davis, vice president,
assistant secretary, and director; H. J. Skelton, vice president,
treasurer, and director; Harry D. Francis, vice president and
assistant secretary; and G. P. Bishop, Jr., secretary and
assistant treasurer.
On or before the valuation date, decedent, James E. Davis,
and Robert Davis were directors of Winn-Dixie. For the 12-month
period prior to the valuation date, the average daily trading
volume of Winn-Dixie stock was 47,400 shares. For the 4-week
period prior to the valuation date, the average weekly trading
volume of Winn-Dixie stock was 310,675 shares.
As of the valuation date, decedent, ADDI&C, and the Davis
trust were affiliates within the meaning and for purposes of 17
C.F.R. sec. 230.144 (1992)1 with respect to the sale of Winn-
Dixie stock. Pursuant to SEC rule 144, shares of Winn-Dixie
stock held by affiliates were subject to certain restrictions,
including restrictions on the sale of such shares prescribed by
SEC rule 144(e)(1).
ADDI&C received the following dividends during its fiscal
years ended October 31, 1988, 1989, 1990, 1991, and 1992:
1 We shall refer to 17 C.F.R. sec. 230.144 (1992), which was
promulgated by the Securities and Exchange Commission (SEC), as
SEC rule 144. All references to SEC rule 144 are to the Code of
Federal Regulations in effect on the valuation date.
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