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Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream
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To: Dave Doriguzzi who wrote (382)11/30/1997 11:03:00 AM
From: Patrice Gigahurtz  Read Replies (3) of 846
 
Well MCRE made this weekends Barrons. Their listed in the Insider Transactions section. Anyway the list of stock sales notes four insiders sold 170,000 shares worth $2,526,000. According to Barrons thats a change of 9 % in I'm assuming their holdings. Dates for the transactions were not indicated. According to my calculator that works out to an average of $ 14 7/8th-ish.

Now I'm assuming that the above sales were actual sales versus SEC Form-144 applications. Perhaps the above noted apparent sales were the result of form-144s apllications ? Barrons does define insiders as someone owning 10 % or more of a company's stock.

Now I have looked at EDGAR and haven't seen any more recent form-144s since 11/13th '97. But I wonder if the above discussed sales reflect the 5 by my account Nov '97 form-144s shown at EDGAR ? Perhaps the above noted sales just reflect the 6 Oct '97 form 144s that EDGAR is showing ?

Also, does anyone know if sales by insiders are allowed only if SEC form-144s applications are made first ? And then after submitting a form-144 is there a waiting period ? Basically I'm asking if an insider can just pick up their phone on a given day and sell x-amount of their shares without first completing an SEC form 144 ?
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