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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?


To: Harry Larson who wrote (8418)3/3/1998 12:17:00 PM
From: PAL  Respond to of 13594
 
Good work Harry!

A Form 144 is filed to register an intention to sell restricted
stock. The filing of a Form 144 opens the door for an individual to
sell the shares but does not definitively indicate that an actual sale
of the shares will occur or has occurred.

The registration papers indicate that Case intended to sell
the shares on the New York Stock Exchange on Feb. 25, 1998. BT Alex.
Brown was listed as the broker for the sale.


Will not be surprised if Alex Brown's analyst will reiterate strong buy recommendation to get best price for Steve Case. AOL at this posting is heading north.



To: Harry Larson who wrote (8418)3/3/1998 1:14:00 PM
From: Gaffa  Read Replies (1) | Respond to of 13594
 
Harry wrote:

*Average*
*Remaining* Wghtd Number Wghtd-
Number *Contractual* Average Exercisable Average
Range of Outstanding *Life* Exercise as of Exercise
Exercise as (in Years) Price 6/30/97 Price
Price of 6/30/97
......
$ 0.01 to $70.00 28,676,560 7.5 $16.53 10,684,153 $ 9.74

Yup, he is bailing out all right. So how much of the 10,684,153
shares exercisable did he sell?



To: Harry Larson who wrote (8418)3/3/1998 1:26:00 PM
From: Sam  Read Replies (2) | Respond to of 13594
 
Well Harry the key word was "maybe." Steve exercised approx 600,000 shares last year - not sure what his total was this year. Anyone know? Anyway, I think Steve has something like 1.8 million shares that are exercisable, and was granted, what, 100k this past year?

BTW, what does the table prove as for when Steve's options will expire worthless. The co been around over 10 years - and if it was a flood to get out, why aren't the other 5th floor guys bailing? Yawn - a non event imho.

Also, him using Alex is sop. Could have used Robbie Stevens too, if he has an account set up with them.

I'll make sure to cash out before mine expire ;-)

S.