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Technology Stocks : Simulation Sciences (SMCI)

SMCI 51.95

+3.1%

Oct 31 3:59 PM EST

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To: Rational who wrote (123)	2/15/1998 10:35:00 PM
From: Still Greedy	Read Replies (1) of 183

Sankar: If you look at the 1996 SIMSCI Annual Report, you will see that the officers are paid reasonable amounts for a company its' size. One of the reasons that the officers have been selling stocks regularly each quarter is to establish a regular pattern of sell-offs, most likely to diversify somewhat. Remember, all the shares that they have were granted as options. The original founder of AspenTech received his shares as his equity in the company when it was formed. There is a difference. also note, if you plan on selling options as an insider (i.e. CEO), the SEC looks upon you in a more favorable light if you have an established regular pattern for sales. The only thing I would be curious about is the fact that the CEO (Harris), and the Exec. VP of Sales & Marketing (Pfeiffer) sold option shares (24,267 & 25,000 shares respectively) in the November secondary offering that weren't vested until 1/1/98. Why didn't they wait until after the shares were vested to sell them?

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