LAWRENCE J. SHEEHAN - Corporate Board Profile

SOURCE CAPITAL /DE/

Filing Date	Source Excerpt
2001-03-30	Lawrence J. Sheehan Of counsel to, and partner (1969 to 1994) of, the law firm of O'Melveny & Myers LLP, legal counsel to the Company. Director of FPA Capital Fund, Inc., of FPA New Income, Inc., of FPA Perennial Fund, Inc. (2) and of TCW Convertible Securities Fund, Inc., a closed-end investment company not advised by the Adviser. ... (4) Member of the Nominating Committee of the Board of Directors. ... The following information relates to director compensation. Each director who was not an interested person of the Adviser was compensated by the Company at the rate of $14,000 per year plus a fee of $1,000 per day for Board of Directors or Committee meetings attended (effective May 1, 2000, a fee of $500 per day for Special Board of Directors or Committee meetings held via telephone conference). ... Lawrence J. Sheehan 18,000 43,000
2002-03-28	Lawrence J. Sheehan, 69 Director 1991 Of counsel to, and partner (1969 to 1994) of, the law firm of O'Melveny & Myers LLP, legal counsel to the Company. Director of FPA Capital Fund, Inc., of FPA New Income, Inc., and of FPA Perennial Fund, Inc. (4). (2) Member of the Nominating Committee of the Board of Directors. Lawrence J. Sheehan 18,000 43,000**
2003-03-31	Lawrence J. Sheehan, 70, Director, Of counsel to, and partner (1969 to 1994) of, the law firm of O'Melveny & Myers LLP, legal counsel to the Company. Member of the Nominating Committee. Total compensation from the Company: $19,500.
2004-03-26	Lawrence J. Sheehan, 71 Director 1991 Of counsel, to, and partner (1969 to 1994) of, the law firm of O'Melveny & Myers LLP, legal counsel to the Company. Director/Trustee of FPA Captial Fund,Inc.,of FPA New Income Inc.,of FPA Perennial Fund,Inc.,and of FPA Funds Trust (4). Total compensation from the Company: $20,500.
2005-03-24	Lawrence J. Sheehan, 72 Director 1991 Retired. Formerly partner (1969 to 1994) and of counsel employee (1994-2002) of the law firm of O'Melveny & Myers LLP, legal counsel to the Company. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust (4). (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. The five directors who were not interested persons of the Adviser received total directors' fees of $114,500 for 2004. Lawrence J. Sheehan received $23,000 for 2004.
2006-03-30	Lawrence J. Sheehan, 73 (1,2) Director 1991 Retired. Formerly partner (1969 to 1994) and of counsel employee (1994-2002) of the law firm of O'Melveny & Myers LLP. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust; and Director nominee of FPA Paramount Fund, Inc. (4). (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. Lawrence J. Sheehan Aggregate Compensation From the Fund $26,250.
2007-03-30	Lawrence J. Sheehan, 74 (1,2) Director 1991 Retired. Formerly partner (1969 to 1994) and of counsel employee (1994-2002) of the law firm of O'Melveny & Myers LLP. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust (4). (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Nominating Committee of the Board of Directors. The five directors who were not interested persons of FPA received total directors' fees of $127,500 for 2006. Lawrence J. Sheehan received $25,500 for 2006.
2008-03-28	Lawrence J. Sheehan, 75 (1,2) Director 1991 Retired. Formerly partner (1969 to 1994) and of counsel employee (1994-2002) of the law firm of O'Melveny & Myers LLP. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust (4). Chairman of the Board of FPA Perennial Fund, Inc. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. Each director who was not an interested person of FPA was compensated by the Fund at the rate of $20,000 per year plus a fee of $1,750 per day for Board of Directors or Committee meetings attended, and a fee of $500 per day for Special Board of Directors or Committee meetings held via telephone conference. The five directors who were not interested persons of FPA received total directors' fees of $136,500 for 2007. Lawrence J. Sheehan received $27,500 in aggregate compensation from the Fund in 2007.
2009-03-27	Lawrence J. Sheehan, 76 (1,2) Director 1991 Retired. Formerly partner (1969 to 1994) and of counsel employee (1994-2002) of the law firm of O'Melveny & Myers LLP. Director/Trustee of FPA Capital Fund, Inc., of FPA New Income Inc., of FPA Paramount Fund, Inc., of FPA Perennial Fund, Inc., and of FPA Funds Trust (4). Chairman of the Board of FPA Perennial Fund, Inc. (1) Member of the Audit Committee of the Board of Directors. (2) Member of the Corporate Responsibility Committee of the Board of Directors. The five directors who were not interested persons of FPA received total directors' fees of $135,000 for 2008. Each such director is also reimbursed for out-of-pocket expenses incurred as a director. Aggregate Compensation From the Fund: $27,000.