Lynn, in addition to the number of shares also find out what's the cost of their options (at least the time of the grant will help).
When exercising stock options, you have several options to sell of the expired shares:
* all (if you think the stocks will not perform well),
* partial (if the stock has appreciated a lot, just sell enough to cover the cost now and cover tax before the tax time next year IF they are taxable type),
* none at all (if you have cash and very bullish),
* or any number in between.
If they expect the stock to perform well, they would delay to sell as late and as few shares as possible.
I just looked at MS Investor. Most of the listed ones are exercising stock options. But the largest "planned" sale amount for $30million (though not listed as tranctioned) is not for excercising options, see this:
Name: ROSEN BENJAMIN
Title: Chairman of the Board
Source of Stock: DISTRIBUTION FROM SEVIN-ROSEN FUND
Since it is listed only in PLANNED sale on 11/17, not sure if it is materialized or not.
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