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To: margin_man who wrote (20875)2/23/1998
From: jim black  Read Replies (1) | Respond to of 36349
 
Patriot: those three listings are of three directors selling enough shares to sum to those amounts on the stated dates...sorry I don't have any more info



To: margin_man who wrote (20875)2/23/1998 8:54:00 AM
From: ENOTS  Read Replies (1) | Respond to of 36349
 
here is the 144 explained!

144: This form must be filed by "insiders" prior to their intended sale of restricted stock
(issued stock currently unregistered with the SEC). Filing this form results in each seller
receiving an automatic exemption from SEC registration requirements for this one transaction.
A Form 144 is NOT an EDGAR electronic filing; each 144 is filed by the seller in paper
during the day at the SEC. EDGAR Online cumulates and adds all of the current day's 144
paper filings to our electronic database at the END of each business day.

The value of the EDGAR Online end-of-day listing of 144's is that the first notification of a
144 filing sometimes is the precursor of other 144 filings. 144 sales frequently come in clusters
caused by events such as the end of a "lock-up" period or stock options being exercised and
can be used to successfully project the onset of increased "sell side" activity in the stock of the
target company.