I think your right IMO Ferry's action to sell almost all his holdings isn't much of a vote of confidence. From what I can find (Thompsons ?) insiders will hold around 1.7% the bulk represented by Mahoney (founder)
Here's form 4 holdings
MAHONEY DAVID C D Holdings 11/30/98 12/11/98 20,000 MAHONEY DAVID C D Holdings 09/30/98 10/13/98 20,000 BAKER G LEONARDJR JR D Holdings 08/06/98 208,799 BAKER G LEONARDJR JR D Holdings 08/06/98 8,890 FERRY WILLIAM P O Holdings 02/02/98 160,000 BAKER G LEONARDJR JR D Holdings 01/08/98 208,799 BAKER G LEONARDJR JR D Holdings 01/08/98 8,890 FERRY WILLIAM P P Holdings 04/08/97 200,000 FERRY WILLIAM P P Holdings 02/28/97 200,000 BAKER G LEONARDJR JR D Holdings 02/14/97 209 BAKER G LEONARDJR JR D Holdings 02/14/97 8,890
Here's 144 filings
FERRY WILLIAM P CB STK OPTN PLAN CIBC OPPENHEIMER 150,000 $10 03/04/99 FOOTHILL CAPITAL CORP UT ACQD THRU AN EXERCISE OF SOLOMON SMITH BARNEY 58,603 $9 02/26/99 BURKE ROBERT D AF EXERCISE OF STOCK OPTION ROBERTSON STEPHENS 12,000 $13 02/08/99 MAPACHE CHARITABLE REMAI SH GIFT BT ALEX BROWN 16,000 $8 12/04/98 MAHONEY DAVID C CB FOUNDERS STK PAINWEBBER INC. 40,100 $8 12/01/98 MAHONEY DAVID C CB FOUNDERS STOCK PAINEWEBBER 9,900 $9 11/30/98 HAMILTON A PETER AF EXERCISE OF STOCK OPTION ROBERTSON STEPHENS & CO 6,000 $13 05/15/98 SPAULDING RICHARD AF EXERCISE OF STOCK OPTION ROBERTSON STEPHENS & CO 17,184 $11 05/14/98 FERRY WILLIAM P O RECCEIVED FROM BANYAN FO OPPENHEIMER & CO INC 60,000 $9 04/03/98 MAHONEY TANYA AF FOUNDERS STOCK PAINEWEBBER 10,000 $9 05/08/98 MAHONEY DAVID C OD PURCHASE FOUNDERS, SHARE ROBERTSON STEPHENS 10,000 $8 05/01/98 MAHONEY DAVID C OD PURCHASE FOUNDERS, SHARE ROBERTSON STEPHENS 10,000 $8 05/01/98 FERRY WILLIAM P O RECEIVED FROM BANYAN FOR OPPENHEIMER & CO INC 40,000 $8 05/08/98 FERRY WILLIAM P O RECEIVED FROM BANYAN FOR OPPENHEIMER & CO INC 40,000 $8 05/08/98 FERRY WILLIAM P O RCVD FROM BANYAN FOR EMP OPPENHEIMER & CO 30,000 $8 05/06/98 FERRY WILLIAM P O RCVD FROM BANYAN FOR EMP OPPENHEIMER & CO 30,000 $8 05/06/98 FERRY WILLIAM P O REC FROM BANYAN SYSTEMS CIBC OPPENHEIMER 30,000 $9 05/04/98 HAMILTON A PETER O EXERCISED OPTIONS A G EDWARDS & SONS INC 10,000 $0 03/18/98 HAMILTON KAREN SH EXERCISE OPTIONS A G EDWARDS & SONS INC 10,000 $4 03/18/98
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