Stock Trading History of Davidson Spencer

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Davidson Spencer since year 2005. The trader's CIK number is 1215920. At the time of this reporting, Davidson Spencer is the CEO of General American Investors Co Inc (stock ticker symbol GAM).

Stock purchases, sales, and option exercises reported by *Davidson Spencer* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2005-06-21	GAM	General American Investors Co Inc	Sale	2,600	25.25	65,650
2005-05-23	GAM	General American Investors Co Inc	Sale	1,100	25.00	27,500
2005-05-18	GAM	General American Investors Co Inc	Sale	2,900	24.90	72,210
2005-05-17	GAM	General American Investors Co Inc	Sale	4,200	24.86	104,399
2005-05-09	GAM	General American Investors Co Inc	Sale	4,200	24.80	104,160
2005-05-05	GAM	General American Investors Co Inc	Sale	600	24.65	14,790
2005-05-04	GAM	General American Investors Co Inc	Sale	5,000	24.59	122,950

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Davidson Spencer (CEO of General American Investors Co Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.