THRM (recent IPO): Form 4 insider sells
Vickers Stock Research reports Form 4 insider sells
First a little background:
NOTE: C/W's Shulman mentioned it in May 2007 "Cash In On the Cult of Youth and Beauty", but I do not know if he ever recommended it to his BioTech newsletter subscribers.
changewave.com
MORGENTHALER PARTNERS ... venture capitalist appears to be from two or more funds & measured/timed liquidation of their original investment positions.
Nov 2006 IPO:
mrwavetheory.blogspot.com
...deal backed by a list of who's who's of Sandhill Road: Institutional Venture Partners, Morgenthaler Ventures, Delphi Ventures Technology Partners, Draper Fisher Jurvetson ePlanet Ventures, Essex Woodlands Health. I find the weak pricing very surprising. The lack of revenue momentum may have something to do with the weak pricing. Investors seem to be squeemish unless there is a clear shot at some hypergrowth. It may also have to do with the market sentiment which has not be too good on recent IPOs....
THRM exited its IPO 180 lock-up restrictions on
THRM : 6 month chart
finance.yahoo.com
THRM : headlines
finance.yahoo.com
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THRM: Vickers Stock Research reports Form 4 insider sells
July 2007
07/10/07 Form 144: Filing to Sell 4000 Shares of Thermage Inc (THRM) Vickers Stock Research
Filer: WILSON, GARY L.
Relation: Officer
Transaction date: July 03, 2007
Shares for sale: 4000
Value held: $35000
Broker: MERRILL LYNCH PIERCE FENNER
The following 4 done on 07/07/2007 are listed as Automatic Sells (I'm not sure if the 4000 shares reported above on 07/10/07's Form 144 for Gary L. Wilson are the same 4000 shares as the ones reported immediately below in a Form 4.)
07/07/2007 Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: WILSON, GARY L.
Position: Vice President
Transaction period: July 03, 2007
Trade amount: 4000 shares
Trade type: Automatic Sell
Trade price range: $8.800 to $8.850
Shares still held: 4695 shares
Own Type: Direct
07/07/2007 Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: HEIGEL, DOUGLAS W.
Position: Vice President
Transaction period: July 03, 2007
Trade amount: 4000 shares
Trade type: Automatic Sell
Trade price range: $8.800 to $8.850
Shares still held: 53329 shares
Own Type: Direct
07/07/2007 Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: HEIGEL, DOUGLAS W.
Position: Vice President
Transaction period: June 21, 2007
Trade amount: 20000 shares
Trade type: Automatic Sell
Trade price range: $8.400 to $8.480
Shares still held: 57329 shares
Own Type: Direct
07/07/2007 Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: BELLAHSENE, BADER
Position: Vice President
Transaction period: July 03, 2007
Trade amount: 7000 shares
Trade type: Automatic Sell
Trade price range: $8.800 to $8.860
Shares still held: 6064 shares
Own Type: Direct
***************************************************************************************************
The next 4 are sells by MORGENTHALER PARTNERS ( secinfo.com ) ---
venture capitalist morgenthaler.com
(appears to be from two or more funds & measured/timed liquidation of positions)
07/05/2007Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: July 03, 2007
Trade amount: 16500 shares
Trade type: Sell
Trade price range: $8.750
Shares still held: 1563543 shares
Own Type: Direct
07/05/2007Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: July 03, 2007
Trade amount: 8500 shares
Trade type: Sell
Trade price range: $8.750
Shares still held: 814766 shares
Own Type: Direct
07/05/2007Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: July 02, 2007
Trade amount: 50000 shares
Trade type: Sell
Trade price range: $8.480
Shares still held: 1580043 shares
Own Type: Direct
07/05/2007Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: July 02, 2007
Trade amount: 25000 shares
Trade type: Sell
Trade price range: $8.480
Shares still held: 823266 shares
Own Type: Direct
June 2007:
Again the following sells are by MORGENTHALER PARTNERS ( morgenthaler.com )
(appears to be from two funds & measured/timed liquidation of positions)
06/30/2007
Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: June 28, 2007
Trade amount: 42000 shares
Trade type: Sell
Trade price range: $8.200
Shares still held: 1630043 shares
Own Type: Direct
06/30/2007
Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: June 27, 2007
Trade amount: 25000 shares
Trade type: Sell
Trade price range: $8.200
Shares still held: 1672043 shares
Own Type: Direct
06/28/2007
Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: June 27, 2007
Trade amount: 25000 shares
Trade type: Sell
Trade price range: $8.200
Shares still held: 1672043 shares
Own Type: Direct
06/28/2007
Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: June 27, 2007
Trade amount: 12000 shares
Trade type: Sell
Trade price range: $8.200
Shares still held: 869266 shares
Own Type: Direct
***************************************************************************************************
06/27/2007
Form 144: Filing to Sell 20000 Shares of Thermage Inc (THRM)Vickers Stock Research
Filer: HEIGAL, DOUG
Relation:
Transaction date: June 21, 2007
Shares for sale: 20000
Value held: $164000
Broker: MERRILL LYNCH PIERCE FENNER
******************************************************************************************************
MORGENTHALER PARTNERS ... again ( morgenthaler.com )
06/21/2007
Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: June 20, 2007
Trade amount: 83300 shares
Trade type: Sell
Trade price range: $8.100
Shares still held: 1713693 shares
Own Type: Direct
06/21/2007
Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: June 20, 2007
Trade amount: 41700 shares
Trade type: Sell
Trade price range: $8.100
Shares still held: 889616 shares
Own Type: Direct
06/20/2007
Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER PARTNERS
Position:
Transaction period: June 18, 2007
Trade amount: 8350 shares
Trade type: Sell
Trade price range: $8.100
Shares still held: 931316 shares
Own Type: Direct
06/20/2007
Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: MORGENTHALER VENTURE P
Position:
Transaction period: June 18, 2007
Trade amount: 16650 shares
Trade type: Sell
Trade price range: $8.100
Shares still held: 1796993 shares
Own Type: Direct
***************************************************************************************************
06/20/2007
Form 4: Update Filing for Thermage Inc (THRM)Vickers Stock Research
Filer: BELLAHSENE, BADER (10B5-1)
Relation: Officer
Transaction date: June 06, 2007
Shares for sale: 12000
Value held: $90000
Broker: MERRILL LYNCH PIERCE FENNER |
