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Technology Stocks : Cascade Communications (CSCC)
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To: Glenn D. Rudolph who wrote (2753)3/7/1997 8:22:00 PM
From: Maverick   of 3743
 
"VP Michael Champa files a SEC form to sell 108,000 shares" doesn't mean that he can sell it right away. This merely anonunced his intention to sell in the future because there is a small window
when an Exec. can sell. There are several possible reasons:

1) He could have anticipated that CSCC might be acquired; therefore, the share would go up in a few months.

2) Most company gives their employees 10 yrs to exercise options. Otherwise, they will lose it all. In this case, he might opt to
exercise, then hold if he has cash, then sell when the price is higher. This is not likely since CSCC was founded in 1990.

3) He wants to diversify, or pay for an expenditure, or funds a
start-up.

4) He is leaving the co. Most co's give departing employees a month
to exercise options.

5) He still remains with the co. but he is not bullish about the co.

Scenarios 1) and 3) are likely.
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