Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Harold S. who wrote (24387)	11/22/1997 9:44:00 AM
From: Gary Korn	Read Replies (1) of 61433

Mr. Spock, Further to my last post, and as the SEC is closed today, I'm pasting below the Edgar-Online definition of various insider trading filings. There does seem to be a 10% threshhold above which insider purchases must be reported in a Form 3: Insider Trading: 3: An initial filing of equity securities filed by every director, officer, or owner of more than ten percent of a class of equity securities. Contains information on the reporting person's relationship to the company and on purchases and sales of equity securities. This form type is not required to be filed with the EDGAR system. 3/A: An amendment to a 3 filing. This form is not required to be filed with the EDGAR system. 4: Any changes to a previously filed form 3 are reported in this filing. This form type is not required to be filed with the EDGAR system. 4/A: Amendment to a previously filed 4. 5: An annual statement of ownership of securities filed by every director, officer, or owner of more than ten percent of a class of equity securities. Contains information on the reporting person's relationship to the company and on purchases and sales of equity securities. This form type is not required to be filed with the EDGAR system. 5/A: Amendment to a previously filed 5. 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. 144/A: Amendment to a previously filed 144.

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