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Technology Stocks : Osicom(FIBR)
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To: Ploni who wrote (7170)6/7/1998 8:19:00 AM
From: Mama Bear  Read Replies (1) of 10479
 
>>>What about the suggestion that the numbers reflect the expiration of stock options, rather than shares actually issued? Has this been ruled out?<<<

The options position was broken out in both filings. Par held
"exercisable options to acquire 552,500 shares of common stock at prices ranging from $1.50 to $7.92 per share (market price on the date granted)." on 11/21/97 and an identical number on 5/21/98. I do not believe the definition of "beneficial ownership" includes unexercised options. I did a search to see if I could find the definition on the web site, but came up empty. I do believe that you have to own the shares, but it can also include shares that will be delivered within 60 days, and shares held by other people for you. I believe that is why Par and his wife "dislaim" ownership of each other's shares. I'd appreciate it if someone could come up with the SEC approved definition of "beneficial ownership". As far as the filing, Par did file a form 13D last year that gave him the right to sell his shares from time to time.

"The reporting persons intend to continue to continue to
hold securities of the Issuer, but also have present intentions to
acquire and/or dispose, in the open market additional securities of
the Issuer on an ongoing basis."

edgar-online.com

This was discussed on this thread at the time it was filed.

>>>It seems unlikely that Par would have sold many shares without reporting that in a timely manner.<<<

Barb
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