X0304
4
2012-02-15
0
0000790202
FIRST OPPORTUNITY FUND INC
FOFI
0001247992
LOLA BROWN TRUST 1B
1029 WEST 3RD AVENUE, SUITE 400
ANCHORAGE
AK
99503
0
0
1
0
0001245558
CICIORA SUSAN L
2344 SPRUCE STREET, STE A
BOULDER
CO
80302
1
0
0
0
0001246903
HOREJSI STEWART R
200 SOUTH SANTA FE
SALINA
KS
67401
0
0
1
0
Common Stock
2012-02-15
4
P
0
5000
6.75
A
4408312
D
Common Stock
2012-02-15
4
P
0
5500
6.8
A
4413812
D
Common Stock
2012-02-15
4
P
0
5000
6.76
A
4418812
D
Common Stock
2012-02-15
4
P
0
3591
6.74
A
4422403
D
Common Stock
2012-02-16
4
P
0
370
6.74
A
4422773
D
Common Stock
2012-02-16
4
P
0
1500
6.76
A
4424273
D
The trustees of the Lola Brown Trust No. 1B (the "Brown Trust") are Alaska Trust Company ("Alaska Trust"), Susan L. Ciciora and Larry Dunlap. Such trustees may be deemed to control the Brown Trust and may be deemed to possess indirect beneficial ownership of the Shares held by the Brown Trust. However, none of the trustees, acting alone, can vote or exercise dispositive authority over Shares held by the Brown Trust. Accordingly, Alaska Trust, Ms. Ciciora and Mr. Dunlap disclaim beneficial ownership of the Shares beneficially owned, directly or indirectly, by the Brown Trust. In addition to serving as a trustee, Ms. Ciciora is also a beneficiary of the Brown Trust.
As a result of his advisory role with the Brown Trust, Stewart R. Horejsi may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the Brown Trust. However, Mr. Horejsi disclaims such beneficial ownership of the Shares directly beneficially held by the Brown Trust.
Trusts affiliated with the Brown Trust, including the Mildred B. Horejsi Trust, the Susan L. Ciciora Trust, and the Stewart R. Horejsi Trust No. 2, own an aggregate of 11,057,377 Shares of the Fund following these transactions
Douglas J. Blattmachr, President, Alaska Trust Company, trustee of the Lola Brown Trust No. 1B
2012-02-17
Susan L. Ciciora
2012-02-17
Stewart R. Horejsi
2012-02-17