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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: EdR who wrote (8400)	12/17/1997 9:35:00 PM
From: bill c.	Respond to of 21342

Ed: You're correct. Form 4: The U.S. Securities Exchange Commission (SEC) document that must be filled out by insiders when they buy or sell their own company's shares. The transaction must be filed by the 10th day of the month following the trade. Most insiders are diligent, and there are typically more Form 4s filed with the SEC in the second week of the month as insiders rush to meet this deadline. Form 144: The U.S. Securities Exchange Commission document filed by holders of restricted securities to give notice of their intent to sell. Securities may be restricted under terms of an initial public offering, a venture capital investment, or stock-option compensation, among other things. Sales of shares typically occur soon after a Form 144 is filed. Not all filers of Form 144s are "insiders" as defined by the SEC. But if the seller of the restricted stock is an insider, you will likely see a Form 4 the following month. Form 144s are therefore a harbinger of activity for Form 4 sales. insidertrader.com