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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: glennperkins who wrote (44337)	8/6/2000 4:13:43 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 45548

Glenn: The shares bought both by AOL/NOK/MOT and 3Com/Palm officers/directors had a 180 day or 6 month lock up from the IPO, so it expired this past week. PALM employee options were granted in exchange for the COMS options the PALM (formerly COMS) employees owned according to a formula. Some of these PALM options were immediately exercisable, and so the employees could therefore sell the shares if they chose to exercise right away, and some were not yet vested. I'd have to do some digging to confirm the actual numbers of PALM shares involved so don't hold me to the following. The AOL/NOK/MOT number is 5.92 million, the officer/director number was under 3 million, and the employee "immediately exercisable" number was under 1 million. A total of 25.5 million PALM shares were registered under the PALM employee stock option plan, but only a fraction of those were issuable immediately. There may be some more PALM shares associated with the Anyday and Actual Software acquisitions, but the number is likely small. I haven't paid much attention to this since the numbers are quite small compared to the daily trading volume, and I don't believe either AOL/MOT/NOK or officers/directors are going to sell this close to the IPO price they paid. Hope that answers your Q. David T.