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GPNGlobal Payments · Insider ownership research

Global Payments insiders sold $1.4M in the past 12 months. How much of their stake is that?

About 1.4% overall. As a group they ended with more shares than they started with. The biggest individual seller, David Green, gave up 15% of starting holdings.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 93 of the 311 other companies we can measure (#219 of 312)See ranking
3
buyers among officers and directors (4 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
3 of 21
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 8, 2026Robert Cortopassi had 825 shares ($71K) withheld by the company for taxes (not a market sale). That is 0.9% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Robert Cortopassi
President and COO
825$86.120.9%87KAug 8, 2026Aug 11, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about one-fifth of the 5-year average. 3 insiders sold; the average is 5 a year. Year by year
Latest filing: Filed Aug 11 for a tax withholding on Aug 8. Robert Cortopassi had 825 shares withheld by the company for taxes. Filing
40 SEC ownership filings in the period · See the evidence

What stands out

Three directors bought shares: Robert Baldwin Jr. (13K shares, $1.1M), Patricia Watson (1.3K shares, $100K) and Joia Johnson (1.2K shares, $99K).Robert Baldwin Jr.: purchase, Dec 11, 2025 · Patricia Watson: purchase, Nov 7, 2025 · Joia Johnson: purchase, Feb 20, 2026
Connie McDaniel sold 4.5K shares (15% of starting holdings), but 8.5K more shares were added, so the stake grew (from 29K to 33K).Largest sale, Nov 12, 2025
Tax withholding outweighed market sales: the company withheld $7.8M of officers' and directors' shares for taxes, against $1.4M sold on the open market. The largest was Cameron Bready ($4.9M withheld).Largest withholding, Feb 21, 2026

Percentages cover 19 of 21 officers and directors. Left out: Stella Viviani and Vivek Sankaran (held no vested shares at the start). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
David Green
Chief Administrative Officer
15% · $928KNo plan disclosed
Connie McDaniel
Director
Sold 15%, but 5.3K shares were added (mostly vesting), so the stake grew
15% · $347KNo plan disclosed
David Sheffield
EVP, Chief Accounting Officer
12% · $164KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNov 2025: $347K no plan disclosedNovDec 2025: $1.1M no plan disclosed$1.1MDecJanFebMarAprMayJunJulAugSepOct

Outside holders, reported separately

GTCR W Aggregator LP reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Global Payments CEO selling stock?

No. Cameron Bready reported no open-market sales in the past 12 months.

Why are Global Payments insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Global Payments insiders buying?

Yes. 3 officers or directors reported 4 purchases in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did Global Payments insiders sell?

About 1.4% overall. As a group they ended with more shares than they started with. The biggest individual seller, David Green, gave up 15% of starting holdings. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold3 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
David Green
Chief Administrative Officer
$928K
12K shares
15%No plan disclosed
Connie McDaniel
Director
$347K
4.5K shares
15%No plan disclosed
David Sheffield
EVP, Chief Accounting Officer
$164K
2K shares
12%No plan disclosed

Outside holder, reported separately: GTCR W Aggregator LP (a 10% owner, not part of management). No open-market sales reported in the period. Holds 43.27M shares. Latest filing

The full ownership picture21 of 21 insiders fully reconciled · 21 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Troy Woods
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
530K0534Kno sales
Vesting, gifts, unvested awards and holding lines for Troy Woods
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock278,10185,795
SpouseCommon Stock96,16896,168
2016 Woods Family TrustCommon Stock95,60095,600
Woods Family GST TrustCommon Stock25,59825,598
Grant retained annuity trust 2020Common Stock23,85223,852
2016 Marcus Woods TrustCommon Stock10,38510,385
M Troy Woods 2025 GRATCommon Stock0196,245

Additional holdings last reported Jun 3, 2020, not confirmed since: 22,564 shares. Not included in any total or percentage on this page.

Cameron Bready
Chief Executive Officer, Director
287K0433Kno sales
Vesting, gifts, unvested awards and holding lines for Cameron Bready
+9.7Kshares vested or exercised
0gifted (net of own trusts)
−59Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock287,187432,790

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
63,167$130.09Mar 1, 2034$0
89,366$105.28Feb 28, 2035$0

Estimate: options held × ($81.90 − strike price), using the most recent insider trade price on Form 4 (Feb 20, 2026), not a market close.

David Green
Chief Administrative Officer
80K−12K68K85%
Vesting, gifts, unvested awards and holding lines for David Green
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock79,69668,096

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
15,160$130.09Mar 1, 2034$0
22,621$105.28Feb 28, 2035$0

Estimate: options held × ($81.90 − strike price), using the most recent insider trade price on Form 4 (Feb 20, 2026), not a market close.

Joshua Whipple
Chief Financial Officer
61K0107Kno sales
Vesting, gifts, unvested awards and holding lines for Joshua Whipple
0shares vested or exercised
0gifted (net of own trusts)
−17Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock60,958107,262
SpouseCommon Stock160160

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
21,132$130.09Mar 1, 2034$0
29,882$105.28Feb 28, 2035$0

Estimate: options held × ($81.90 − strike price), using the most recent insider trade price on Form 4 (Feb 20, 2026), not a market close.

Robert Cortopassi
i
Minor difference of 332 shares. Difference is under 0.5% of holdings.
President and COO
49K087Kno sales
Vesting, gifts, unvested awards and holding lines for Robert Cortopassi
0shares vested or exercised
0gifted (net of own trusts)
−13Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock49,12187,026

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
12,174$130.09Mar 1, 2034$0
13,531$104.06Aug 8, 2034$0
32,116$105.28Feb 28, 2035$0

Estimate: options held × ($81.90 − strike price), using the most recent insider trade price on Form 4 (Feb 20, 2026), not a market close.

Reconciliation: minor difference of 332 shares. Difference is under 0.5% of holdings.

Robert Baldwin Jr.
Director
46K046Kno sales
Vesting, gifts, unvested awards and holding lines for Robert Baldwin Jr.
0shares vested or exercised
−13Kgifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock45,91145,911
Dara Steele-Belkin
Chief Legal Officer
31K047Kno sales
Vesting, gifts, unvested awards and holding lines for Dara Steele-Belkin
0shares vested or exercised
0gifted (net of own trusts)
−4.9Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock30,71346,527

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
11,171$105.28Feb 28, 2035$0

Estimate: options held × ($81.90 − strike price), using the most recent insider trade price on Form 4 (Feb 20, 2026), not a market close.

Ryan Loy
Chief Information Officer
30K030Kno sales
Vesting, gifts, unvested awards and holding lines for Ryan Loy
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock29,84929,849

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
27,761$79.57May 8, 2035$65K

Estimate: options held × ($81.90 − strike price), using the most recent insider trade price on Form 4 (Feb 20, 2026), not a market close.

Connie McDaniel
Director
29K−4.5K33K+14%
Vesting, gifts, unvested awards and holding lines for Connie McDaniel
+5.3Kshares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock29,19733,193
John Bruno
Director
19K022Kno sales
Vesting, gifts, unvested awards and holding lines for John Bruno
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock18,67021,849
David Sheffield
EVP, Chief Accounting Officer
16K−2K16K95%
Vesting, gifts, unvested awards and holding lines for David Sheffield
0shares vested or exercised
0gifted (net of own trusts)
−1.9Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock16,45415,660
William Plummer
Director
16K019Kno sales
Vesting, gifts, unvested awards and holding lines for William Plummer
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock15,50618,685
Joia Johnson
Director
15K020Kno sales
Vesting, gifts, unvested awards and holding lines for Joia Johnson
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock3,1736,352
2016 Revocable TrustCommon Stock12,18113,394
Thaddeus Arroyo
Director
13K016Kno sales
Vesting, gifts, unvested awards and holding lines for Thaddeus Arroyo
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock13,09316,272
Jennifer Whyte
i
Started reporting during the period; starting holdings are from the Form 3.
Chief Accounting Officer
9K08.9Kno sales
Vesting, gifts, unvested awards and holding lines for Jennifer Whyte
0shares vested or exercised
0gifted (net of own trusts)
−175withheld by the company for taxes
none reportedunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock9,0488,873
Joseph Osnoss
Director
7.8K011Kno sales
Vesting, gifts, unvested awards and holding lines for Joseph Osnoss
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock7373
MrCommon Stock7,72310,902
Kirsten Kliphouse
Director
5.9K09.1Kno sales
Vesting, gifts, unvested awards and holding lines for Kirsten Kliphouse
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock5,8979,076
Archana Deskus
Director
1.3K04.5Kno sales
Vesting, gifts, unvested awards and holding lines for Archana Deskus
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,3204,499
Patricia Watson
Director
1.3K05.8Kno sales
Vesting, gifts, unvested awards and holding lines for Patricia Watson
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,3205,830
Stella Viviani
Chief People Officer
0020Kno sales
Vesting, gifts, unvested awards and holding lines for Stella Viviani
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock019,619
Vivek Sankaran
Director
003.4Kno sales
Vesting, gifts, unvested awards and holding lines for Vivek Sankaran
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock03,418

21 of 21 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (20 exactly, 1 with a minor or footnoted difference). Percentages cover 19 of 21 officers and directors. Left out: Stella Viviani and Vivek Sankaran (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$1.4M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $1.4M across 18,080 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $1.4M

Sales with no 10b5-1 plan and no tax reference in the filing. $928K of it is David Green. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: David Green, Dec 3, 2025

Taxes

96,266 shares ($7.8M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 3 buyers (4 trades)

3 officers and directors bought shares in this period, in 4 trades(Form 4 code P). Across all their filings on record there are 14 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
David Green
Chief Administrative Officer
12K$928K0%64%Dec 3, 2025 to Dec 3, 2025
Connie McDaniel
Director
4.5K$347K0%24%Nov 12, 2025 to Nov 12, 2025
David Sheffield
EVP, Chief Accounting Officer
2K$164K0%11%Dec 11, 2025 to Dec 11, 2025

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$347K$0$0$347K
Dec 2025$1.1M$0$0$1.1M
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-fifth of the 5-year average. 3 insiders sold; the average is 5 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
18K3$1.4M
Oct 8, 2025
1 year earlier
45K5$4.4M
Oct 8, 2024
2 years earlier
32K5$3.6M
Oct 9, 2023
3 years earlier
60K4$7.4M
Oct 9, 2022
4 years earlier
24K3$3.1M
Oct 9, 2021
5 years earlier
292K8$57.5M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Robert Cortopassi: minor difference of 332 shares. Difference is under 0.5% of holdings.

Inferred rename: "401k" is treated as the same holder as "401(k)", because the old name was never reported again and the new one opened with the same balance (1,796 shares). Old name, new name

Inferred rename: "Family LP" is treated as the same holder as "partnership", because the old name was never reported again and the new one opened with the same balance (280,984 shares). Old name, new name

Inferred rename: "401K" is treated as the same holder as "401(k)", because the old name was never reported again and the new one opened with the same balance (1,096 shares). Old name, new name

Inferred rename: "401(k)" is treated as the same holder as "Managed Account", because the old name was never reported again and the new one opened with the same balance (5,380 shares). Old name, new name

Inferred rename: "401(k)" is treated as the same holder as "Managed Account", because the old name was never reported again and the new one opened with the same balance (334 shares). Old name, new name

Inferred rename: "Robert H.B. Baldwin, Jr. Trust U/A/D June 30, 2004" is treated as the same holder as "Trust", because the old name was never reported again and the new one opened with the same balance (20,356 shares). Old name, new name

Inferred rename: "Family Trust" is treated as the same holder as "2016 Woods Family Trust", because the old name was never reported again and the new one opened with the same balance (54,662 shares). Old name, new name

Inferred rename: "Trust" is treated as the same holder as "2016 Marcus Woods Trust", because the old name was never reported again and the new one opened with the same balance (10,385 shares). Old name, new name

Inferred rename: "Revocable Trust" is treated as the same holder as "Amanda Turner Revocable Trust dated 8/2/85", because the old name was never reported again and the new one opened with the same balance (65 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,503 filings from SEC EDGAR, and how we read them

All 1,503 Forms 3, 4 and 5 filed for Global Payments (SEC CIK 1123360) from Mar 12, 2002 to Aug 11, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 1 older filing exists only on paper and could not be read.

Probable 2-for-1 stock split on or before Oct 14, 2005 (split date stated in a footnote). Splits aren't reported as transactions; 14 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 2-for-1 stock split on or before Nov 19, 2015 (first filing that shows post-split balances). Splits aren't reported as transactions; 8 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (39)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
John TurnerMar 12, 2025504,513 shares, last reported balance as of Mar 10, 2025
Andrea CarterMar 3, 202526,077 shares, last reported balance as of Mar 1, 2025
Shannon JohnstonJun 7, 202412,489 shares, last reported balance as of Jun 6, 2024
Ruth MarshallApr 30, 202447,134 shares, last reported balance as of Apr 26, 2024
Guido SacchiAug 18, 202366,130 shares, last reported balance as of Aug 17, 2023
Jeffrey SloanFeb 27, 2023673,349 shares, last reported balance as of Feb 24, 2023
SLAA II (GP), L.L.C.Oct 28, 2022No balance on record
Kriss Cloninger IIIMay 3, 202239,892 shares, last reported balance as of Apr 29, 2022
William JacobsApr 20, 202259,117 shares, last reported balance as of Apr 18, 2022
Paul ToddFeb 28, 2022129,021 shares, last reported balance as of Feb 24, 2022
Alan SilbersteinSep 18, 201938,063 shares, last reported balance as of Sep 16, 2019
Mitchell HollinApr 29, 201936,585 shares, last reported balance as of Apr 26, 2019
David MangumJul 31, 2018215,236 shares, last reported balance as of Jul 30, 2018
John PartridgeMay 1, 201814,156 shares, last reported balance as of Apr 30, 2018
Michael TrappMar 3, 201733,298 shares, last reported balance as of Mar 1, 2017
Jane ElliottAug 22, 20169,879 shares, last reported balance as of Aug 18, 2016
Gerald WilkinsJul 6, 201625,000 shares, last reported balance as of Apr 22, 2016
Michelle Bonam-BallNov 4, 20153,672 shares, last reported balance as of Nov 2, 2015
Gerald Balas Jr.Apr 29, 201522,310 shares, last reported balance as of Apr 27, 2015
Alex HartApr 23, 201547,326 shares, last reported balance as of Apr 22, 2015
Morgan SchuesslerAug 20, 201498,966 shares, last reported balance as of Aug 18, 2014
Daniel O'KeefeAug 20, 201429,088 shares, last reported balance as of Aug 18, 2014
Paul GarciaAug 19, 2014747,746 shares, last reported balance as of May 30, 2014
Suellyn TornayOct 31, 201352,340 shares, last reported balance as of Oct 29, 2013
Raymond Killian Jr.Oct 8, 201320,838 shares, last reported balance as of Oct 4, 2013
Edwin Burba Jr.Sep 24, 201227,418 shares, last reported balance as of Sep 20, 2012
Joseph HydeAug 2, 201270,760 shares, last reported balance as of Jul 29, 2012
James KellyApr 6, 2010201,906 shares, last reported balance as of Apr 5, 2010
Carl WilliamsAug 5, 200985,656 shares, last reported balance as of Jul 31, 2009
Martin PiccianoSep 26, 200814,562 shares, last reported balance as of Sep 23, 2008
Kevin SchultzAug 30, 200760,184 shares, last reported balance as of Oct 10, 2005
Raul LimonAug 20, 2007663,590 shares, last reported balance as of Jul 23, 2007
Charles BettyOct 2, 200610,120 shares, last reported balance as of Sep 28, 2006
CANADIAN IMPERIAL BANK OF COMMERCE /CAN/Aug 26, 200533,288,220 shares, last reported balance as of Feb 24, 2004
Jeffrey McWeyJul 28, 2005103,364 shares, last reported balance as of Jun 3, 2005
Barry LawsonJul 15, 2004118,232 shares, last reported balance as of May 31, 2004
MRY PARTNERS LPAug 1, 2003923,172 shares, last reported balance as of Jul 31, 2003
Richard VennNo balance on record
Gillian DenhamNo balance on record