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To: Lizzie Tudor who wrote (76776)	9/6/1999 11:45:00 PM
From: H James Morris	Respond to of 164684

It was only 400 shares. So Levitt just told him to be more careful. >>ASSOCIATED PRESS September 4, 1999 AUSTIN, Texas -- For the second time in less than a month, drkoop.com Inc. has acknowledged that a company director has violated federal insider-trading rules. Richard Helppie sold shares of the health-care Web site's initial public offering three days after buying them in June, a spokeswoman said. Last month, another director, ABC News medical correspondent Nancy Snyderman, acknowledged she violated Securities and Exchange Commission rules when her husband sold shares of the Austin-based company only a month after the IPO. In addition, company founder and namesake C. Everett Koop, former U.S. surgeon general, and the company's chief financial officer, Sue Georgen-Saad, failed to file forms disclosing indirect purchases of stock the day of the initial public offering, the company acknowledged. Georgen-Saad was traveling yesterday and could not be reached for comment. A company official who spoke on condition of anonymity said an internal review of the failure to file proper forms has been completed. "We've taken all the appropriate measures and we consider the matter closed," the official said. Drkoop.com investigated its compliance with stock-sales rules after discovering that Snyderman had violated securities rules when her husband sold shares of the company's offering. SEC rules consider spouses to be one person for filing purposes. Snyderman and Helppie both violated a federal securities statute known as the "short-swing profit" rule that bars corporate officers from profiting from a stock sale within six months of buying shares, the company official said. According to the company, Helppie bought 400 shares of stock June 8 for $9 a share and sold it for $16.63 on June 11. The company official said Helppie has already returned his profit of about $3,050 as required by law. According to documents filed with the SEC in June, Helppie still owns more than 5 million shares. He is chairman and chief executive of Superior Consultant Holdings Corp., a health-care consulting firm in Southfield, Mich. Snyderman also returned her profit, the company said.<<