Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Chris Steele who wrote (24797)	11/26/1997 4:25:00 PM
From: Greg Jung	Read Replies (1) of 61433

Re: Insider sales: << Besides the insiders didn't pay $40/share for the ASND they are selling at $35. >> Also in order to redeem options one will generally need to sell a certain fraction of the shares to a) buy the remainder, b) pay income taxes. If you had options to buy at $10 the tax is due on the market difference when you buy (is this right?) and so there goes 25% for taxes, now you need the money to buy (even hi-tech millionaires can live from paycheck to paycheck) so another 1/3 of the sum gets sold. Somebody who's done this can clue us in better. Greg

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