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To: Jan Crawley who wrote (12347)8/2/1998 8:08:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
Insiders and 5%+ holders often have to register their intent to sell before they actually sell. Since they need to do this ahead of making the sale, they often register the form 144 when the stock becomes available. You can look at this as "overhang" that can come onto the market at any time (like tomorrow).

Some insider reporting services don't report the form 144s. I think its better to know about insider selling before rather than after the stock falls - knowing about only the sales is often too late.



To: Jan Crawley who wrote (12347)8/2/1998 10:01:00 PM
From: umbro  Respond to of 164684
 
Form 144: Intention To Sell Restricted Securities

URL: biz.yahoo.com

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 stock 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.