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The following is an excerpt from a DEF 14A SEC Filing, filed by GULFSTREAM AEROSPACE CORP on 3/29/1999.
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GULFSTREAM AEROSPACE CORP - DEF 14A - 19990329 - DIRECTOR_COMPENSATION

DIRECTOR COMPENSATION

Directors who are neither executive officers of the Company nor general partners in FLC Partnership, L.P. have been granted options to purchase Common Stock in connection with their election to the Board. Directors do not receive any fees for serving on the Company's Board, but are reimbursed for their out-of-pocket expenses arising from attendance at meetings of the Board and Committees.

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