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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: bobgh who wrote (6721)	1/18/1998 12:14:00 PM
From: Sycamore	Respond to of 11888

Bobgh, It's much appreciated. Thanks, sycamore

To: bobgh who wrote (6721)	1/18/1998 1:06:00 PM
From: Sycamore	Read Replies (1) \| Respond to of 11888

"<<AMERICAN INTL PETROLEUM AIPN 1,145,000 240,669 1 - P 4.76>>" Bobgh, Can't find any information to validate your claim that Dr Faris did indeed sell all the above shares. However, I did find a 144 filing as proof of an intent to sell in the future. $4.76 should be the average price of the stock per share at the time of the filing. But, no FORM 4 filing on the 16th report concerning the subject was found. Anyway, here are some Insider Trader definitions that should guide us when an actual sales had actually taken place or whether just a filing of an intent to sell was made as evidenced by the form filed. As you know there is a very big difference between the two. regards, sycamore Insider: An officer or a director of a company, or an individual or entity owning 10% or more of a company's shares. 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.