Printed from BusinessInsurance.com

INSIDER TRADING

Posted On: Jul. 13, 1997 12:00 AM CST

Aetna Inc.: Daniel P. Kearney, vp, exercised an option for 45,403 shares of common between $45.38 and $55.25 each on May 14. To cover expenses of the transaction, Kearney turned in 10,130 of them for $98.63 each on May 14 and sold 31,528 shares in the open market between $97.63 and $98.38 each on May 14 and now directly and indirectly holds 10,688 common.

Aetna stock closed at $105.38 a share on July 3.

American International Group Inc.: Pei Yuan Chia, director, purchased 1,000 shares of common between $115.88 and $117.25 each on April 15 and now directly holds 2,337 common.

Petros K. Sabatacakis, vp, exercised an option for 4,874 shares of common between $59.17 and $93.25 each on April 7 and now directly holds 44,385 common.

AIG stock closed at $154.63 a share on July 3.

Argonaut Group Inc.: Charles E. Rinsch, president, exercised an option for 10,000 shares of common at $10.25 each on May 6 and now directly and indirectly holds 104,923 common.

Norman H. Burdick, officer of subsidiary, exercised an option for 1,200 shares of common at $13.58 each on May 22 and now directly holds 2,350 common.

Argonaut stock closed at $30 a share on July 3.

Berkshire Hathaway Inc.: Malcolm Greene Chace, director, acquired by gift 240 shares of class A common at an unreported price on April 3. Mr. Chace indirectly disposed of by gift 720 shares of class A common at an unreported price that same day and now directly and/or indirectly holds 30 class B common, 5,116 class A common and 13,308 class A common.

Charles T. Munger, officer and director, disposed of by gift 100 shares of class A common at an unreported price from May 15 to May 23 and sold 230 shares between $42,200 and $42,500 each from May 15 to May 23 and now directly holds 18,390 class A common.

Berkshire Hathaway stock closed at $47,200 a share on July 3.

General Re Corp.: Dallas W. Luby, officer of subsidiary, exercised an option for 3,081 and disposed of 585 shares of common between $86.38 and $154.56 each on May 13. Mr. Luby indirectly acquired by gift 585 shares of common at an unreported price that same day and now directly and indirectly holds 22,414 common.

Martin G. McGuinn, director, purchased 100 shares of common at $160.25 each on April 22 and now directly holds 165 common.

Stephen P. Raye, vp, exercised an option for 2,616 shares of common between $87.94 and $113.63 each on May 7. To cover expenses of the transaction, Mr. Raye turned in 1,716 of them for $168.69 each on May 7 and sold 141 shares in the open market at $169.75 each on May 7 and now directly and indirectly holds 2,072 common.

Harry L. Richter, officer of subsidiary, exercised an option for 11,511 shares of common between $63.06 and $91.44 each on May 12. To cover expenses of the transaction, Mr. Richter turned in 7,707 of them for $172.25 each on May 12 and now directly and indirectly holds 9,575 common.

Gen Re stock closed at $190 a share on July 3.

Marsh & McLennan Cos. Inc.: Lawrence J. Lasser, director, exercised an option for 30,000 shares of common at $79.31 each on May 14 and sold them at $127.88 each on May 14 and now directly and indirectly holds 73,700 common.

Robert Clements, director, sold 5,568 shares of common between $129.00 and $130.29 each from May 21 to May 22 and now directly and indirectly holds 4,843 common.

Douglas C. Davis, vp, exercised an option for 3,000 shares of common at $79.31 each on May 14 and sold them at $124.88 each on May 14 and now directly and indirectly holds 4,881 common.

David D. Holbrook, director, exercised an option for 77,500 shares of common between $73.88 and $95.06 each on May 1 and sold them at $119.22 each on May. Mr. Holbrook now directly and indirectly holds 63,941 common.

M&M stock closed at $74 a share on July 3.

Insider Trading, compiled by Invest/Net Trading Group Inc. of Fort Lauderdale, Fla., from reports filed with the Securities and Exchange Commission, tracks stock sales and purchases by insurance industry directors and officers. The column is distributed by Tribune Media Services Inc.