EIN: 87-0293383
Plan Number: 002
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE PLAN YEAR ENDED DECEMBER 31, 1996
0-27208
(Commission File Number)
DICK SIMON TRUCKING, INC. PROFIT SHARING PLAN AND TRUST
(Title of the Plan)
SIMON TRANSPORTATION SERVICES INC.
(Name of Issuer of the Securities Held Pursuant to the Plan)
5175 West 2100 West, Salt Lake City, Utah 84120
(Address of Principal Executive Office)
DICK SIMON TRUCKING, INC.
PROFIT SHARING PLAN AND TRUST
FINANCIAL STATEMENTS AS OF
DECEMBER 31, 1996 AND 1995
TOGETHER WITH REPORT OF
INDEPENDENT PUBLIC ACCOUNTANTS
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Administrator and Participants of the
Dick Simon Trucking, Inc. Profit Sharing Plan and Trust:
We have audited the accompanying statements of net assets available for benefits
of the Dick Simon Trucking, Inc. Profit Sharing Plan and Trust (the "Plan") as
of December 31, 1996 and 1995, and the related statement of changes in net
assets available for benefits for the year ended December 31, 1996. These
financial statements and the schedules referred to below are the responsibility
of the Plan's management. Our responsibility is to express an opinion on these
financial statements and schedules based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Dick Simon
Trucking, Inc. Profit Sharing Plan and Trust as of December 31, 1996 and 1995,
and the changes in its net assets available for benefits for the year ended
December 31, 1996 in conformity with generally accepted accounting principles.
Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets held
for investment purposes and reportable transactions are presented for purposes
of additional analysis and are not a required part of the basic financial
statements but are supplementary information required by the Department of
Labor's Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. The fund information in the statement of
changes in net assets available for benefits is presented for purposes of
additional analysis rather than to present the net assets available for benefits
and changes in net assets available for benefits of each fund. The supplemental
schedules and fund information have been subjected to the auditing procedures
applied in the audits of the basic financial statements and, in our opinion, are
fairly stated in all material respects in relation to the basic financial
statements taken as a whole.
ARTHUR ANDERSEN LLP
Salt Lake City, Utah
June 6, 1997
DICK SIMON TRUCKING, INC. PROFIT SHARING PLAN AND TRUST
INDEX TO FINANCIAL STATEMENTS AND SCHEDULES
Page
FINANCIAL STATEMENTS:
Statements of Net Assets Available for
Benefits as of December 31, 1996 and 1995 1
Statement of Changes in Net Assets
Available for Benefits with Fund Information
for the Year Ended December 31, 1996 2 - 5
Notes to Financial Statements 6 - 9
SUPPLEMENTAL SCHEDULES:
Schedule of Assets Held for Investment
Purposes as of December 31, 1996 10
Schedule of Reportable Transactions
for the Year Ended December 31, 1996 11
The accompanying notes to financial statements
are an integral part of these statements.
DICK SIMON TRUCKING, INC. PROFIT SHARING PLAN AND TRUST
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 1996 AND 1995
1996 1995
------------ --------
INVESTMENTS, at fair value:
Fidelity Advisor Funds-
Growth Opportunities Fund $1,116,281 $ -
Equity Growth Fund 442,535 -
Daily Money Fund: US Treasury 326,334 -
High Yield Fund 203,866 -
Daily Money Fund: Money Market 63,547 -
Natural Resources Fund 11,845 -
Equity Income Fund 11,705 -
Overseas Fund 3,990 -
Strategic Opportunities Fund 1,498 -
Income & Growth Fund 1,117 -
Government Investment Fund 931 -
Intermediate Bond Fund 765 -
Short Fixed Income Fund 756 -
Mid Cap Fund 666 -
Emerging Markets Income Fund 635 -
Strategic Income Fund 456 -
Large Cap Fund 66 -
Simon Transportation common stock 1,075,530 -
Participant loans 154,059 38,730
First Interstate Bank of Utah, N.A. Funds-
Common Stock Fund - 1,192,856
Fixed Income Fund - 481,449
Pacifica Money Market Trust - 326,951
---------- ----------
Total investments 3,416,582 2,039,986
---------- ----------
CASH 4 1,189
---------- ----------
RECEIVABLES:
Participant contributions 57,947 16,051
Employer contributions 45,821 32,883
Accrued interest - 1,432
---------- ----------
Total receivables 103,768 50,366
---------- ----------
NET ASSETS AVAILABLE FOR BENEFITS $3,520,354 $2,091,541
========== ==========
The accompanying notes to financial statements
are an integral part of this statement.
Page 1 of 4
DICK SIMON TRUCKING, INC. PROFIT SHARING PLAN AND TRUST
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1996
FIDELITY ADVISOR FUNDS
------------------- ------------- --------------- --------------- --------------- -----------
Growth Equity Daily Money High Daily Money Natural
Opportunities Growth Fund: US Yield Fund Fund: Money Resources
Fund Fund Treasury Market Fund
ADDITIONS TO NET ASSETS
ATTRIBUTED TO:
Investment income-
Net realized gain (loss) $ 26,559 $ 11,254 $ - $ 959 $ - $ 346
Net unrealized appreciation
(depreciation) in fair value of
investments
50,452 9,112 - 2,064 - 303
Interest and dividends 31,871 2,390 6,484 9,728 1,327 317
Contributions-
Employer - - - - 148,661 -
Participant - - - - 376,322 -
Rollovers - - - - 68,714 -
---------- -------- -------- -------- -------- -------
Total additions 108,882 22,756 6,484 12,751 595,024 966
---------- -------- -------- -------- -------- -------
REDUCTIONS IN NET ASSETS ATTRIBUTED TO:
Distributions to participants
- - - - - -
---------- -------- -------- -------- -------- -------
NET INTERFUND TRANSFERS 1,007,399 419,779 319,850 191,115 (427,709) 10,879
---------- -------- -------- -------- -------- -------
Net increase (decrease)
1,116,281 442,535 326,334 203,866 167,315 11,845
NET ASSETS AVAILABLE FOR BENEFITS,
beginning of the year
- - - - - -
---------- -------- -------- -------- -------- -------
NET ASSETS AVAILABLE FOR BENEFITS, end
of the year $1,116,281 $442,535 $326,334 $203,866 $167,315 $11,845
========== ======== ======== ======== ======== =======
Page 2 of 4
DICK SIMON TRUCKING, INC. PROFIT SHARING PLAN AND TRUST
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1996
FIDELITY ADVISOR FUNDS
------------- --------------- ------------------ ------------- --------------- ------------
Strategic Income & Government Intermediate
Equity Income Overseas Opportunities Growth Investment Bond Fund
Fund Fund Fund Fund Fund
ADDITIONS TO NET ASSETS
ATTRIBUTED TO:
Investment income-
Net realized gain (loss) $ 129 $ 82 $ 73 $ 5 $ - $ -
Net unrealized appreciation
(depreciation) in fair value of
investments
263 (17) (72) 16 4 2
Interest and dividends 177 84 39 10 11 8
Contributions-
Employer - - - - - -
Participant - - - - - -
Rollovers - - - - - -
------- ------ ------ ------ ----- -----
Total additions 569 149 40 31 15 10
------- ------ ------ ------ ----- -----
REDUCTIONS IN NET ASSETS ATTRIBUTED TO:
Distributions to participants
- - - - - -
------- ------ ------ ------ ----- -----
NET INTERFUND TRANSFERS 11,136 3,841 1,458 1,086 916 755
------- ------ ------ ------ ----- -----
Net increase (decrease)
11,705 3,990 1,498 1,117 931 765
NET ASSETS AVAILABLE FOR BENEFITS,
beginning of the year
- - - - - -
------- ------ ------ ------ ----- -----
NET ASSETS AVAILABLE FOR BENEFITS, end
of the year $11,705 $3,990 $1,498 $1,117 $ 931 $ 765
======= ====== ====== ====== ===== =====
Page 3 of 4
DICK SIMON TRUCKING, INC. PROFIT SHARING PLAN AND TRUST
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1996
FIDELITY ADVISOR FUNDS
--------------------------------------------------------------
Short Fixed Emerging Simon
Income Mid Markets Strategic Large Transportation
Fund Cap Fund Income Income Cap Common Stock Participant
Fund Fund Fund Loan Fund
ADDITIONS TO NET ASSETS
ATTRIBUTED TO:
Investment income-
Net realized gain (loss) $ - $ - $ - $ 1 $ - $ (404) $ -
Net unrealized appreciation
(depreciations) in fair value
of investments
- 13 27 - 2 306,457 -
Interest and dividends 9 9 26 14 - 14,466
Contributions-
Employer - - - - - 9,405 -
Participant - - - - - 20,522 -
Rollovers - - - - - 12,140 -
----- ----- ----- ----- ----- ---------- --------
Total additions 9 22 53 15 2 348,120 14,466
----- ----- ----- ----- ----- ---------- --------
REDUCTIONS IN NET ASSETS ATTRIBUTED TO:
Distributions to participants
- - - - - (300) (4,201)
----- ----- ----- ----- ----- ---------- --------
NET INTERFUND TRANSFERS 747 644 582 441 64 727,710 98,975
----- ----- ----- ----- ----- ---------- --------
Net increase (decrease)
756 666 635 456 66 1,075,530 109,240
NET ASSETS AVAILABLE FOR BENEFITS,
beginning of the year
- - - - - - 44,819
----- ----- ----- ----- ----- ---------- --------
NET ASSETS AVAILABLE FOR BENEFITS, end
of the year $ 756 $ 666 $ 635 $ 456 $ 66 $1,075,530 $154,059
===== ===== ===== ===== ===== ========== ========
Page 4 of 4
DICK SIMON TRUCKING, INC. PROFIT SHARING PLAN AND TRUST
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1996
FIRST INTERSTATE BANK OF UTAH, N.A.
-------------- --------------- --------------- ------------- ------------- ----------
Dick Simon
Money Market Fixed Common Stock Trucking Cash
Fund Income Fund Balanced Fund Liquidity Total All
Fund Funds
ADDITIONS TO NET ASSETS
ATTRIBUTED TO:
Investment income-
Net realized gain (loss) $ - $ 7,651 $ 86,070 $ 66,637 $ - $ 199,362
Net unrealized appreciation
(depreciation) in fair value of
investments
- - - - - 368,626
Interest and dividends 2,648 - - - 8 69,626
Contributions-
Employer 9,373 4,952 26,469 13,813 - 212,673
Participant 20,316 12,373 68,047 34,420 - 532,000
Rollovers - 2,159 7,725 7,629 40 98,407
-------- -------- ---------- -------- ----- ----------
Total additions 32,337 27,135 188,311 122,499 48 1,480,694
-------- -------- ---------- -------- ----- ----------
REDUCTIONS IN NET ASSETS ATTRIBUTED TO:
Distributions to participants
(8,548) (3,337) (24,399) (11,096) - (51,881)
-------- -------- ---------- -------- ----- ----------
NET INTERFUND TRANSFERS (280,617) (185,822) (1,401,831) (501,354) (44) -
-------- -------- ---------- -------- ----- ----------
Net increase (decrease)
(256,828) (162,024) (1,237,919) (389,951) 4 1,428,813
NET ASSETS AVAILABLE FOR BENEFITS,
beginning of the year
256,828 162,024 1,237,919 389,951 - 2,091,541
-------- -------- ---------- -------- ----- ----------
NET ASSETS AVAILABLE FOR BENEFITS, end
of the year $ - $ - $ - $ - $ 4 $3,520,354
======== ======== ========== ======== ===== ==========
EIN: 87-0293383
Plan Number: 002
DICK SIMON TRUCKING, INC. PROFIT SHARING PLAN AND TRUST
NOTES TO FINANCIAL STATEMENTS
(1) PLAN DESCRIPTION
Dick Simon Trucking, Inc. (the "Company") adopted the Dick Simon Trucking, Inc.
Retirement Plan on October 1, 1987. The Plan was first amended on December 7,
1990 and its name was changed to the Dick Simon Trucking, Inc. 401(k) Profit
Sharing Plan. The Plan was amended again on August 10, 1995 and its name was
changed to the Dick Simon Trucking, Inc. Profit Sharing Plan and Trust (the
"Plan"). On June 20, 1996, the Company adopted the Stanwich Benefits Group, Inc.
Regional Prototype Standardized 401(k) Profit Sharing Plan and Trust which
amended and restated the Plan in its entirety effective July 1, 1996. The
Company serves as the Plan Trustee and Administrator and Fidelity Advisor Funds
holds the plan assets and executes investment transactions. The Plan is subject
to the Employee Retirement Income Security Act of 1974, as amended ("ERISA").
The following description provides only general information. Participants should
refer to the Plan agreement for a more complete description of the Plan's
provisions.
Eligibility, Contributions and Benefits
Employees who have completed one year of service and who have attained 21 years
of age are eligible to participate in the Plan. An eligible employee becomes a
participant on the next January 1 or July 1 following the date the employee
satisfies the eligibility requirements.
Participants elect both the amount of the salary reduction contribution and the
allocation of the salary reduction contribution among the investment options
within the Plan. Salary reduction contributions cannot exceed the lesser of 15
percent of the participant's pretax eligible gross compensation or the maximum
amount allowable under the Internal Revenue Code ("IRC").
The Company makes discretionary contributions to the Plan, matching each
participant's salary reduction contribution dollar-for-dollar up to 3 percent of
the participant's eligible gross compensation. The Company may also make
additional discretionary contributions to the Plan. Participants elect the
allocation of the Company contributions among the investment options.
Participants are immediately fully vested in their salary reduction
contributions and related earnings. Participants vest ratably in employer
matching contributions over six years of service or fully vest upon occurrence
of one of the following events: 1) normal retirement at age 65, 2) death while
employed by the Company, or 3) permanent disability. Benefits are normally paid
at retirement, disability, death or other termination. Benefit distributions may
be made in a single lump sum payment or an annuity. Forfeitures of nonvested
employer matching contributions, which amounted to $9,050 during the year ended
December 31, 1996, are offset against future employer matching contributions.
Investment Options
The Plan provides for seventeen investment options listed below. In addition as
discussed below, participants may borrow from their accounts. These funds are
managed by Fidelity Advisor Funds.
Fidelity Advisor Growth Opportunities Fund - The fund seeks growth through a
core investment in traditional growth stocks --companies with above-average
growth in sales or earnings -- plus other opportunities such as special
situations, debt securities and cyclicals.
Fidelity Advisor Equity Growth Fund - The fund seeks to achieve capital
appreciation by investing primarily in growth stocks that demonstrate the
potential for above average earnings or sales growth.
Fidelity Advisor Daily Money Fund: U.S. Treasury Portfolio - The fund seeks
to obtain as high a level of current income as is consistent with the
preservation of capital and liquidity. The fund invests only in U.S.
treasury securities and repurchase agreements for these securities.
Fidelity Advisor High Yield Fund - Investment focus on mature companies that
are poised for dramatic growth; and "turnarounds," companies which are
expected to return to favor in the marketplace. Bonds are evaluated on the
basis of their potential for total return, including high interest and
growth of capital investment.
Fidelity Advisor Natural Resources Fund - The fund seeks long-term growth by
investing primarily in domestic and foreign natural resources-related
companies across a broadly diversified spectrum of industries.
Fidelity Advisor Equity Income Fund - The fund seeks stocks that have
above-average dividends, are undervalued (which may give them more upward
and less downward potential) and have increasing dividends.
Fidelity Advisor Overseas Fund - The fund primarily invests in securities of
companies located in the Americas (other than the United States), Far East,
the Pacific Basin and Western Europe.
Fidelity Advisor Strategic Opportunities Fund - The fund seeks long-term
capital appreciation by investing in securities that are undervalued or
undiscovered by the marketplace.
Fidelity Advisor Income and Growth Fund - The fund utilizes a balanced
approach to provide the best possible return from income-producing
securities. Investments include U.S. Treasury issues, corporate bonds,
foreign investments, convertible securities and stocks.
Fidelity Advisor Government Investment Fund - Invests primarily in
securities backed by the full faith and credit of the U.S. government and
its various agencies and instrumentalities.
Fidelity Advisor Intermediate Bond Fund - The fund seeks a high rate of
income consistent with the preservation of capital, along with greater
stability through investments in high-quality fixed-income securities.
Fidelity Advisor Short Fixed-Income Fund - The fund seeks to diversify among
a broad range of short-term, investment-grade bonds. Capital preservation
takes a high priority, but the fund manager also invests for high income.
Fidelity Advisor Mid Cap Fund - The fund seeks long-term growth of capital
by normally investing at least 65 percent of its total assets in mid-cap
stocks. The fund may invest the remaining 35 percent of its assets in other
securities.
Fidelity Advisor Emerging Markets Income Fund - The fund seeks high income
and, as a secondary objective, the potential for growth by investing in
bonds from countries that have the potential for rapid economic expansion.
Fidelity Advisor Strategic Income Fund - The fund uses a multi-sector asset
allocation process that strategically shifts the fund's weighting among four
general investment categories: high yield securities, U.S. government and
investment-grade securities, emerging market securities and foreign
developed market securities.
Fidelity Advisor Large Cap Fund - The fund seeks long-term growth of capital
by investing primarily in equity securities of companies with large market
capitalizations.
Simon Transportation Services Inc. Common Stock - Funds are invested in
shares of Simon Transportation Services, Inc.'s Class A Common Stock. Any
dividends declared on the stock will be invested in additional shares of
such stock.
Participant Loans
Participants may borrow from their fund accounts up to the lesser of $50,000, as
defined, or 50 percent of the participant's vested interest. The minimum amount
for any loan is $1,000. The loans bear interest at one percent above prime rate
on the date of the loan. As of December 31, 1996, the interest rates ranged from
9.25 to 9.75 percent. Loans must be repaid within five years, except for loans
used to acquire a principal residence which must be repaid over a reasonable
period of time determined by the Administrative Committee. All loans are secured
by the participant's account and, regardless of term, become due and payable
upon termination of the participant's employment. Fees and expenses incurred by
the Plan in originating a loan are paid by the respective participant as a
deduction from the loan proceeds.
Termination of the Plan
The Company may terminate the Plan at any time subject to the provisions of
ERISA. If the Plan is terminated, the participants become fully vested and have
a nonforfeitable interest in their accounts.
(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The accounting records of the Plan are maintained on the accrual basis in
accordance with generally accepted accounting principles. Distributions to
participants are recorded when paid.
Investments
Contributions are invested by the trustee in the Plan's funds as directed by the
participants. Investments, other than participant loans, are carried at fair
value based on quoted market prices. Participant loans are valued at face value
which approximates the future principal and interest payments discounted at
prevailing interest rates for similar instruments. Unrealized appreciation or
depreciation caused by fluctuations in the fair value of investments is
recognized in income currently. Interest and dividends are recognized as earned
and reinvested.
Expenses
The Plan pays all administrative expenses and fees relating to investment and
management of the Plan funds, except legal and accounting fees which are paid by
the Company. Fees relating to certain withdrawals are paid by the participant.
Net Unrealized Appreciation (Depreciation) in Fair Value of Investments
Net unrealized appreciation (depreciation) in fair value of investments is
determined by comparing the fair value of each investment at the beginning of
the plan year (or at the date of purchase for investments acquired during the
plan year) with the fair value at the end of the plan year.
Net Realized Gain (Loss) on Investments
Net realized gain (loss) on investments is determined by comparing the sales
price of each investment as of the disposition date with the fair value at the
beginning of the plan year (or at the date of purchase for investments acquired
during the current plan year).
(3) FEDERAL INCOME TAXES
The Internal Revenue Service has issued a favorable determination letter dated
October 25, 1993 stating that the Plan and related trust has been structured to
qualify for tax exempt status under Section 401(a) of the IRC. The Plan's
Administrative Committee and legal counsel believe that the Plan continues to be
designed and operated in accordance with the applicable IRC requirements and
with the requirements of ERISA.
(4) RECONCILIATION TO FORM 5500
Subsequent to completion of the audit of the Plan's December 31, 1995 financial
statements for purposes of filing a Form 11-K with the Securities and Exchange
Commission, the Plan Trustee notified the Plan Administrator of certain changes
to the net plan assets as previously certified by the Plan Trustee totaling
$21,644. The changes as of December 31, 1995 relate to recognizing additional
unrealized appreciation on plan assets and certain other minor adjustments. The
accompanying 1995 statement of net assets available for benefits has not been
restated to reflect the subsequent adjustments as the amount of the adjustments
is not material; however, the adjustments were reflected in the 1995 Form 5500.
DICK SIMON TRUCKING, INC. PROFIT SHARING PLAN AND TRUST
LINE 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1996
(b) Identity of issue,
borrower, lessor or similar (c) Description (e) Current
(a) party of investment (d) Cost value
- --- ------------------------------- --------------------------------------- ---------- --------
* Fidelity Investments 31,623 shares of Fidelity Advisor Growth Opportunities Fund
$1,065,829 $1,116,281
* Smith Barney 69,387 shares of Simon Transportation Common Stock
769,073 1,075,530
* Fidelity Investments 10,534 shares of Fidelity Advisor Equity Growth Fund
433,423 442,535
* Fidelity Investments 326,334 shares of Fidelity Advisor Daily Money Fund: US
Treasury 326,334 326,334
* Fidelity Investments 16,710 shares of Fidelity Advisor High Yield Fund
201,802 203,866
* Participant loans Interest rates ranging from
9.25% to 9.75% 154,059 154,059
* Fidelity Investments 63,547 shares of Fidelity Advisor Daily Money Fund: Money
Market 63,547 63,547
* Fidelity Investments 477 shares of Fidelity Advisor Natural Resources Fund
11,542 11,845
* Fidelity Investments 534 shares of Fidelity Advisor Equity Income Fund
11,442 11,705
* Fidelity Investments 260 shares of Fidelity Advisor Overseas Fund
4,007 3,990
* Fidelity Investments 66 shares of Fidelity Advisor Strategic Opportunities Fund
1,570 1,498
* Fidelity Investments 68 shares of Fidelity Advisor Income & Growth Fund
1,101 1,117
* Fidelity Investments 98 shares of Fidelity Advisor Government Investment Fund
927 931
* Fidelity Investments 73 shares of Fidelity Advisor Intermediate Bond Fund
763 765
* Fidelity Investments 81 shares of Fidelity Advisor Short Fixed Income Fund
756 756
* Fidelity Investments 59 shares of Fidelity Advisor Mid Cap Fund 653 666
* Fidelity Investments 54 shares of Fidelity Advisor Emerging Market Income Fund
608 635
* Fidelity Investments 40 shares of Fidelity Advisor Strategic Income Fund
456 456
* Fidelity Investments 6 shares of Fidelity Advisor Large Cap Fund 64 66
* Smith Barney 4 shares of Dick Simon Trucking Cash Liquidity
4 4
---------- ----------
$3,047,960 $3,416,586
========== ==========
* Denotes party-in-interest
DICK SIMON TRUCKING, INC. PROFIT SHARING PLAN AND TRUST
LINE 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1996
(f)
Current
(c) (d) (e) value at (g)
(a) Identity of (b) Description Purchase Selling Cost of transaction Net
party involved of asset price price asset date gain
- ------------------ ---------------------- -------- -------- --------- ----------- -----
* Fidelity Investments Fidelity Advisor Growth
Opportunities Fund $1,116,281 $ - $1,116,281 $1,116,281 N/A
* First Interstate Bank of Simon Transportation Services,
Utah, N.A. Inc. Common Stock
769,093 - 769,093 769,093 N/A
* Fidelity Investments Fidelity Advisor Equity Growth
Fund 442,535 - 442,535 442,535 N/A
* Fidelity Investments Fidelity Advisor Daily Money
Fund-US Treasury 326,334 - 326,334 326,334 N/A
* Fidelity Investments Fidelity Advisor High Yield Fund
203,866 - 203,866 203,866 N/A
* First Interstate Bank of Pooled Balances Fund (Balanced
Utah, N.A. Fund) - 1,321,940 1,235,870 1,321,940 86,070
* First Interstate Bank of Pooled Equity Fund (Common
Utah, N.A. Stock Fund) - 333,372 266,735 333,372 66,637
* First Interstate Bank of Pacifica Money Market Trust
Utah, N.A. (Money Market) - 236,854 236,854 236,854 -
* First Interstate Bank of Pooled Fixed Income Fund (Bond
Utah, N.A. Fund) - 157,307 149,656 157,307 7,651
* Denotes party-in-interest
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Plan Administrator has duly caused this annual report to be signed by the
undersigned thereunto duly authorized.
Dick Simon Trucking, Inc.
Profit Sharing Plan and Trust
(Registrant)
/s/ Alban B. Lang
Alban B. Lang
Plan Administrator
Dated: June 27, 1997