Note, sales of shares from excersized options would not be reported on
a 144 and the company is not required to report form 3,4,5 electronically...
for 144's.....
"e.Limitation on amount of securities sold. Except as hereinafter provided, the amount of securities which may be sold in
reliance upon this rule shall be determined as follows:
1.Sales by affiliates. If restricted or other securities sold for the account of an affiliate of the issuer, the amount of
securities sold, together with all sales of restricted and other securities of the same class for the account of such
person within the preceding three months, shall not exceed the greater of
i.one percent of the shares or other units of the class outstanding as shown by the most recent report or
statement published by the issuer, or
ii.the average weekly reported volume of trading in such securities on all national securities exchanges and/or
reported through the automated quotation system of a registered securities association during the four
calendar weeks preceding the filing of notice required by paragraph (h), or if no such notice is required the
date of receipt of the order to execute the transaction by the broker or the date of execution of the
transaction directly with a market maker, or
iii.the average weekly volume of trading in such securities reported through the consolidated transaction
reporting system contemplated by Rule 11Aa3-1 under the Securities Exchange Act of 1934 during the
four-week period specified in subdivision (ii) of this paragraph."
......
"Notice of proposed sale. If the amount of securities to be sold in reliance upon the rule during any period of three months
exceeds 500 shares or other units or has an aggregate sale price in excess of $10,000, three copies of a notice on Form
144 shall be filed with the Commission at its principal office in Washington, D. C.; and if such securities are admitted to
trading on any national securities exchange, one copy of such notice shall also be transmitted to the principal exchange on
which such securities are so admitted. The Form 144 shall be signed by the person for whose account the securities are
to be sold and shall be transmitted for filing concurrently with either the placing with a broker of an order to execute a
sale of securities in reliance upon this rule or the execution directly with a market maker of such a sale. Neither the filing
of such notice nor the failure of the Commission to comment thereon shall be deemed to preclude the Commission from
taking any action it deems necessary or appropriate with respect to the sale of the securities referred to in such notice.
The requirements of this paragraph, however, shall not apply to securities sold for the account of any person other than
an affiliate of the issuer, provided the conditions of paragraph (k) of this rule are satisfied."
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