The Company has two classes of common stock designated Class A Common Stock and Class B Common Stock.
Each share of Class A Common Stock is convertible, at the option of the holder, into 30 shares of Class B Common
Stock. Shares of Class B Common Stock are not convertible into shares of Class A Common Stock.
Stock Transfer Agent
BankBoston, N.A. % Boston EquiServe, P.O. Box 8040, Boston, MA 02266-8040 serves as Transfer Agent and Registrar for the Company's common stock. Correspondence may be directed to Investor Relations, Mail Stop 45-02-64. Certificates for re-issue or transfer should be directed to the Transfer Processing Section, Mail Stop 45-01-05. Notices for conversion and underlying stock certificates should be directed to Corporate Reorganization, Mail Stop 45-02-53. Phone inquiries should be directed to Investor Relations -- (781) 575-3100.
Shareholders of record wishing to convert Class A Common Stock into Class B Common Stock should contact BankBoston to obtain a "form of conversion notice" and instructions for converting their shares. Shareholders may call BankBoston between 9:00 a.m. and 6:00 p.m. Eastern Time to request a "form of conversion notice."
Alternatively, shareholders may notify BankBoston in writing. Along with the underlying stock certificate, shareholders should provide BankBoston with specific written instructions regarding the number of shares to be converted and the manner in which the Class B shares are to be registered. We recommend that you use certified or registered mail when delivering the stock certificates and written instructions.
If Class A shares are held in "street name", shareholders wishing to convert all or a portion of their holding should
contact their broker or bank nominee. It will be necessary for the nominee to make the request for conversion.
The Company had approximately 9,000 record holders of its Class A Common Stock and 8,600 record holders of
its Class B Common Stock at March 6, 1998. Record owners included nominees holding at least 240,000 shares of Class
A Common Stock and 1,100,000 shares of Class B Common Stock on behalf of beneficial-but-not-of-record owners.
Price Range of Common Stock
The Company's Class A and Class B Common Stock are listed for trading on the New York Stock Exchange,
trading symbol: BRK.A and BRK.B. The following table sets forth the high and low sales prices per share, as reported
on the New York Stock Exchange Composite List during the periods indicated:
1997 1996 Class A * Class B * Class A * Class B * High Low High Low High Low High Low First Quarter $37,900 $33,000 $1,264 $1,088 $38,000 $29,800 N/A N/A Second Quarter 48,600 35,900 1,624 1,197 36,000 30,000 $1,220 $ 990 Third Quarter 48,300 41,300 1,608 1,377 33,500 30,500 1,117 1,005 Fourth Quarter 47,200 42,500 1,565 1,400 36,500 31,000 1,175 1,036
* Class B Common Stock was first issued on May 8, 1996. At that time Berkshire's then outstanding common stock was
redesignated Class A Common Stock.
Berkshire has not declared a cash dividend since 1967.