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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: ThirdEye who wrote (12187)7/2/1998 3:48:00 PM
From: John Mansfield  Respond to of 13949
 
x10.dejanews.com

Latest WRP - read the stuff on railroads. John

"...take nearly all of our resources."
"...the deeper you get into it, the more you find..."



To: ThirdEye who wrote (12187)7/2/1998 8:04:00 PM
From: Risky Business  Read Replies (2) | Respond to of 13949
 
ANYONE PLEASE HELP! Below is the "definition" of a Form 144, I am having trouble differentiating a 144 and an open market sale? I see in many of the insider sales portion of Yahoo, open market sales from officers of the company and 144's, what's the difference?!!!!!!

Thanks, ahead Risky

Form 144: Intention To Sell Restricted Securities
Form 144 filings are indicated by ''Planned Sale''. Form 144s must be filed as notice of the proposed sale of restricted securities. Restricted securities are those that are acquired directly or indirectly from an issuer or an affiliate in a transaction (or chain of transactions) not involving a public offering.
An insider may file a Form 144 and not actually complete the sale. If the sale was completed, the insider should have filed a Form 4, indicating the transaction was completed. Form 144s contain additional information which may be beneficial. The data includes the name of the brokerage firm, insider's address, phone number, and the dollar amount of transaction. The amount of stock an insider may sell is ''restricted'' by a number of factors, such as shares outstanding, trading volumes, etc.

The Form 144 must be filed prior to, or on the approximate date, of sale. When searching for Form 144s, keep the following considerations in mind:

The filing of Form 144 is not required in any case where the amount of stock to be sold during any three (3) month period does not exceed 500 shares and the aggregate sale value does not exceed $10,000.
If the seller does not sell all the sock covered by the form within 90 days after the filing, the filing process must be repeated before the commencement of further sales, except in cases where the passage of time has extended the seller's holding period.