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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (27078)	5/16/2002 3:36:20 PM
From: The O	Read Replies (1) \| Respond to of 28311

hidden in the press release today: The Company also announced in its Form 10-Q filing the immediate termination (effective May 13, 2002) of all program sales by InfoSpace Chairman and Chief Executive Officer Naveen Jain, instituted under a plan adopted last year pursuant to rule 10b5-1 under the Securities and Exchange Act. The program was instituted by Mr. Jain to provide a way to diversify his investment portfolio by allowing him to sell a small portion of shares on a regular basis without control over the timing or price once the program commenced. In addition, the Company announced the termination of program sales by other senior executives instituted under plans adopted last year pursuant to rule 10b5-1 under the Securities and Exchange Act. These programs were instituted in connection with the grant of restricted stock in part to cover the tax liabilities accrued due to the vesting of these restricted shares.