Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (2024)	1/13/2002 1:32:31 PM
From: Patricia Trinchero	Read Replies (1) \| Respond to of 15516

Most companies have "windows" during which employees can sell their stock. If one of the so called "windows" was barred by the board who was, themselves, selling their stock then it would be highly suspect and criminal..IMHO, and probably in the not so humble opinion of the SEC. They would have essentially been trying to support the stock and keep the price high by stopping the employees from dumping a large number of shares. Usually all the options are managed by particular investment companies. SOme employees sell their options and don't convert to stock. EVerything has to be done during a regularly set up time frame. Many board members sometimes are set up to regularly sell a certain number of shares on a regular basis. That way it doesn't send out an "alert" when they do sell. Many people watch insider trades and will dump if they see a large number of shares being sold by a high level employee. You can find a multitude of posts here on SI that talk of that circumstance. THe above is my experience and may not be the same for all companies. I do not have first hand knowledge of the law and am not an accountant, investment banker or an attorney. Pat