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Technology Stocks : SDLI

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To: w2j2 who wrote (53)4/10/1997 10:04:00 AM
From: scott   of 297
 
Walter,

Insiders selling sdl,
March 6th there were two, and March 10th another one. I have no idea how many and who is selling. Form 144 were registerd.

144: This form must be filed by "insiders" prior to their intended
sale of restricted stock (issued stock currently unregistered with
the SEC). Filing this form results in each seller receiving an
automatic exemption from SEC registration requirements for this
one transaction. A Form 144 is NOT an EDGAR electronic filing;
each 144 is filed by the seller in paper during the day at the SEC.
EDGAR ONLINE cumulates and adds all of the current day's 144
paper filings to our electronic database at the END of each
business day.

The value of the EDGAR ONLINE end-of-day listing of 144's is that
the first notification of a 144 filing sometimes is the precursor
of other 144 filings. 144 sales frequently come in clusters caused
by events such as the end of a "lock-up" period or stock options
being exercised and can be used to successfully project the onset
of increased "sell side" activity in the stock of the target
company.

Other uses of 144's include targeting individuals who will be
coming into money and may wish to deploy such funds. Thus this
timely information is the source of myriad business intelligence
uses.
Copied from edgar.
Regards,
Scott
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