Mike, the transaction listed below was filed on 3/4/99. If you look at my prior post, according to Ferry's form 4 filing dated 2/2/99 he had 160,000 shares. Don't know what he paid or terms of any options.
According to the release, he sold on or about 2/26. Despite the fact that I think BNYN has potential (service revenue may not be as lucrative as software license revenue & and switchboard cash flow will likely run negative for some time), I take this to be a bad sign.
Banyan Systems Chairman Files To Sell 150,000 Shares (BNYN)
Newstraders - March 05, 1999 15:59
(NewsTraders.com)-- Insider Details
Source: Form 144 released today by the SEC
Transaction: Proposed Sale
Company filed on: Banyan Systems Inc. (BNYN)
Filed by: William P. Ferry
Filer's relationship to company: Chairman of the Board, CEO
Number of shares: 150,000
Aggregate market value: $1,537,500
Approximate date of sale: 2/26/99
Company shares outstanding: 20,251,000
Broker: CIBC Oppenheimer
Note: The information used in this story is taken directly from the Form 144 filing, except for supplemental information provided in parentheses, when applicable.
Copyright 1999 NewsTraders Inc. All Rights Reserved 15:59 Friday, March 05, 1999
Here's the one on Crosett
Banyan Systems Chief Tech Officer Sold 45,000 Shs Jan 28-29 (BNYN)
Newstraders - February 08, 1999 11:43
(NewsTraders.com)-- Insider Details
Source: Form 4 released Feb. 5 after market close by the SEC
Transaction: Sales
Company filed on: Banyan Systems Inc. (BNYN)
Filed by: Alexander D. Crosett III
Filer's relationship to company: VP of Development and Chief Technology Officer
Number of shares: 45,000 common
Price per share: $11.94 - $12.25
Date of transaction(s): Jan. 28 - 29Shares owned by filer at end of January:33,407
Note: The information used in this story is taken directly from the Form 4 filing, except for supplemental information provided in parentheses, when applicable.
Copyright 1999 NewsTraders Inc. All Rights Reserved 11:43 Monday, February 08, 1999
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