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Technology Stocks : Phoenix Technologies (PTEC) -- Ignore unavailable to you. Want to Upgrade?

To: Marc Phelan who wrote (2237)	2/14/1998 6:49:00 AM
From: Jules B. Garfunkel	Read Replies (2) \| Respond to of 3624

Thanks Marc for outlining those recent sales in Nov. and Dec. 1997. However, the sales that I was referring to, I believe would have occurred between February and April of 1997. Does your data go back that far? Jules

To: Marc Phelan who wrote (2237)	2/15/1998 8:20:00 PM
From: Marc Phelan	Read Replies (1) \| Respond to of 3624

Who was/is Lance E. Hansche ? From the PTEC 2/4 Proxy Statement........ Since 1995, Mr. Hansche has been President of LifeCycle Systems, Inc., a computer software company he co-founded. Mr. Hansche was employed by the Company from 1982 until July 1997, serving as a Strategic Advisor on a part-time non-officer basis since September 1993. He served as Senior Vice President, Corporate Strategy of the Company from February 1992 until September 1993. From February 1990 to February 1992, the Company employed Mr. Hansche as Senior Vice President, Computer Division and Business Development. Directors are entitled to receive options under the Company's 1994 and 1996 Stock Plans and will be eligible to receive options under the 1998 Stock Plan if the stockholders approve the Plan. During fiscal 1997, the Company granted stock options for 7,000 shares to each of Messrs. Federman, Finch and Morris and granted options to Mr. Hansche on 32,400 shares, each grant having an exercise price equal to the fair market value of the Company's Common Stock on the date of grant. In October 1996, the Company loaned Lance E. Hansche $200,000 pursuant to a promissory note bearing interest at the rate of 6.02%. The note was secured by trust deeds on certain real property. The note provided for repayment on the earliest of April 30, 1997, the date when Mr. Hansche sells shares of Phoenix stock, the date Mr. Hansche sells the collateral securing the note, or the date Mr. Hansche ceases to be a member of Phoenix's Board of Directors. Mr. Hansche exercised stock options granted him by Phoenix and used the proceeds in part to repay the loan in January 1997. During fiscal 1997, Mr. Hansche was employed pursuant to an arrangement with the Company under which he provided the Company with strategic advice on product direction and markets. Under the arrangement, the Company paid Mr. Hansche $1,500 per day for each day he provided services to the Company, and he agreed to work a minimum of 60 days per year. That employment arrangement was terminated July 15, 1997. During fiscal 1997, the Company paid Mr. Hansche $71,250 pursuant to this arrangement. LifeCycle Systems Inc. ("LifeCycle") is a software company in which Mr. Hansche is a founder, shareholder and director. During fiscal 1997, the Company advanced LifeCycle $121,000. On October 30, 1997, the Company advanced LifeCycle an additional $200,000. Both advances were made to finance certain development efforts undertaken by LifeCycle in anticipation of entering a future joint development and licensing agreement between LifeCycle and the Company. Has anyone heard of LifeCycle Systems, Inc. ? Anyone heard what the "new" company is? Marc