Estate of Alice Friedlander Kaufman - Page 16




                                       - 16 -                                         
                         Q  Was there a time in which you came to                     
                    sell the shares you owned in Seminole                             
                    Manufacturing Company?                                            
                         A  Yes.                                                      
                         Q  Do you remember approximately when                        
                    that was?                                                         
                         A  1974, I think.  And I think--                             
                         Q.  '74 or '94?                                              
                         A  '94, I mean.  Excuse me.                                  
                              *    *    *    *    *    *    *                         
                         Q  And would you please describe for us                      
                    the circumstances--or how you came--how that                      
                    transaction came about?                                           
                         A  Well, Mark had--when Mark was alive--                     
                    Mark Weitzenhoffer was alive--and he passed                       
                    away in 1970--he gave stock in--I think out                       
                    of his estate, and that's where I got my                          
                    shares.                                                           
                         And finally I decided one day that there                     
                    wasn't anything for me to do with the                             
                    Seminole Manufacturing Company, which Mark                        
                    had headed.  And so I tried to find a buyer,                      
                    and I did find a buyer that bought it at $297                     
                    [$29.70] a share, or a total of $297,000.                         
                         Q  Do you recall what steps you took to                      
                    find a buyer?                                                     
                         A  Just asked somebody in the company if                     
                    they would acquire it.                                            
                              *    *    *    *    *    *    *                         
                         Q  Do you recall what, if any,                               
                    investigation you undertook at the time as to                     
                    the reasonableness of the sale price?                             
                         A  I didn't--I thought it was                                
                    reasonable, and I decided that I could use                        
                    the money to do something else, and I went                        
                    ahead and sold it.                                                



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