ADVERTISEMENT

FISERV: Yabuki, Jeffery W., chief executive officer, sold 10,000 shares of common at $84.36 each on March 8 and now directly and indirectly holds 180,344.

FORD MOTOR CO.: Farley, James D. Jr., officer, sold 19,000 shares of common at $13.28 each on March 12 and now directly and indirectly holds 239,291. Hinrichs, Joseph R., officer, exercised an option for 258,963 shares of common at $7.55 each on March 12, immediately sold 258,963 shares of common at $13.22 each and now directly and indirectly holds 227,936. Rowley, Stuart J., officer, exercised an option for 10,000 shares of common at $1.96 each on March 11, immediately sold 10,000 shares of common at $13.24 each and now directly and indirectly holds 25,977. Fowler, Bennie W., officer, sold 22,910 shares of common between $12.94 and $12.95 each on March 5 and now directly and indirectly holds 293,330.

MARSH & MCLENNAN COS.: Beshar, Peter J., general counsel, sold 156,511 shares of common at $36.97 each on March 4 and now directly and indirectly holds 125,230. Bischoff, J. Michael, chief financial officer, sold 5,733 shares of common at $36.97 each on March 4 and now directly and indirectly holds 5,959. Ledford, Laurie, officer, sold 3,000 shares of common at $37.06 each on March 4 and now directly and indirectly holds 4,603. Moczarski, Alexander S., officer, sold 7,500 shares of common at $36.92 each on March 4 and now directly and indirectly holds 31,692.

NORFOLK SOUTHERN CORP.: Moorman, Charles W. IV, chief executive officer, exercised an option for 2,932 shares of common at $34.10 each on March 8. Rathbone, John P., chief financial officer, exercised an option for 2,932 shares of common at $34.10 each on March 6. Manion, Mark D., chief operating officer, exercised an option for 16,000 shares of common at $34.10 each on March 5, immediately sold 13,068 shares of common at $75.23 each and now directly and indirectly holds 95,819. Seale, Donald W., officer, exercised an option for 16,000 shares of common at $34.10 each on March 5, immediately sold 13,068 shares of common at $75.34 each and now directly and indirectly holds 200,725.

NORTHROP GRUMMAN CORP.: Hardesty, Michael A., officer, sold 3,500 shares of common at $64.96 each on March 6 and now directly and indirectly holds 11,326.

NRG ENERGY: Muller, Edward R., director, sold 5,000 shares of common at $24.26 each on March 5 and now directly and indirectly holds 574,006.

RAND CAPITAL CORP.: Grum, Allen F., chief executive officer, purchased 5,000 shares of common at $2.75 each on March 7 and now directly and indirectly holds 96,142.

SOVRAN SELF STORAGE: Rogers, David L., chief executive officer, exercised an option for 26,951 shares of common at $43.75 each on March 8, immediately sold 26,951 shares of common at $62.27 each and now directly and indirectly holds 121,832. Myszka, Kenneth F., chief operating officer, exercised an option for 9,000 shares of common at $43.75 each on March 5, immediately sold 9,000 shares of common at $62.57 each and now directly and indirectly holds 203,789.

UNIVERSAL STAINLESS & ALLOY PRODUCTS: Pennant, Capital Management LLC, beneficial owner of more than 10% of a class of security, purchased 15,200 shares of common between $35.71 and $36.03 each between March 4 and 11 and now directly and indirectly holds 1,802,920.

Prepared by First Call/Thompson Financial of Boston, Mass., from Securities and Exchange Commission filings.