Richard C. Kramlich sold 2,466,000 shares on 6/9 and 6/10 for $1.75 (Form 4 filed). This was on the heels of the announcement of the OEM partnership agreement with Compaq. Smart guy! This was an option-related sell. He now has 3,752,115 shares left.
.
.
.
Form 4: Statement of Changes in Beneficial Ownership
The Form 4 is required any time there is an open market purchase, sale, or an exercise of options. It must be filed by the 10th of the month following the transaction and contains the details of all non-exempt transactions which exceed $10,000 during that month. Exempt transactions, such as gifts of stock, may be filed on the Form 4 or on the annual Form 5.
Information included on this filing is the name of the insider, title, type of transaction, date of the transaction, amount of stock acquired or disposed, price, holdings after the transaction, and the nature of ownership.
On the Form 4 or Form 5 an insider indicates when he has retired or exited from the company by checking the ''exit'' box on the filing. Once an insider retires/exits, he is required to report his transactions for only the next six (6) months. |
