Aware, Inc. - Hot or cold IPO? Message Board

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Technology Stocks : Aware, Inc. - Hot or cold IPO?

AWRE 2.115

+0.2%

Nov 21 9:30 AM EST

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To: Drake who wrote (3474)	4/30/1998 2:33:00 PM
From: Scrapps	Read Replies (1) of 9236

As I've posted before on Bender and his shares sales...now a mute point since his departure. Mr. Bender has a large number of unexercised stock options, which he can only exercise and sell subject to a number of limitations. Occasionally, he exercises and sells 5% - 9% of his option position when he believes that the timing is fair to shareholders and himself. His selling is routine, represents only a fraction of his holdings, and should not be interpreted as a sign of anything other than prudent personal portfolio diversification. Mr. Bender remains optimistic about Aware's future prospects. Given his still large number of unexercised stock options he remains highly motivated to see the company succeed. Thanks for asking.

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