4th largest shareholder also dumped ALL INSP shares...
Some of you may recall the Joint Proxy Statement mailed to all INSP and GNET shareholders prior to the "merger" vote. On page 120, the 3rd. largest "pre-merger" shareholder of INSP was a company called "Pilgrim Baxter & Associates."
Following the "merger," that same company was listed as the 4th. largest shareholder of INSP, when Paul Allen's Vulcan Ventures moved into the 2nd. largest shareholder spot, behind Naveen Jain.
In the most recent mailing to INSP shareholders, sent prior to this year's Annual Meeting held on May 21, 2001...on page 3, Pilgrim Baxter & Assocs. is listed in the table called "Security Ownership of Certain Beneficial Owners and Management" (which states, "Percentages are based on total shares outstanding as of March 31, 2001") Pilgrim Baxter & Assocs. is listed as owning 19,902,094 shares of INSP (5.9% of shares outstanding).
Well...apparently Pilgrim Baxter & Assocs., previously the 4th largest shareholder of INSP stock according to INSP's most recent mailing to shareholders, has also dumped ALL of their INSP shares, as of 3/31/01...at least according to this NASDAQ.com link (Note: the link shows a whole bunch of other companies, which also dumped ALL their INSP shares):
nasdaq.com`&FormType=Institutional&strFilter=O&Descending=false&SortBy=shares_change
Roger |
