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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Craig Freeman who wrote (3718)	9/11/1998 6:54:00 AM
From: Ausdauer	Read Replies (1) \| Respond to of 60323

Craig, Most options exercises are first filed with an SEC form 144, an intention to sell. The option is then exercised by the officer at a given price ($0.38, for example) and then the stock is immediately sold at market price. Dr. Harari and Leon Malmed have done this with great regularity for the past 2 or 3 years. It is less common for the officers to exercise the option and not sell. This is what Mr. Auclair did last month. Is it because the options expire? In other words, the option is exercised in order to "own" the shares, but there is no intention to dump them for fast cash. Are these shares held for the long-term or is the officer just waiting for the opportunity to dump them on the open market as the share price improves? I am basically inquiring whether officers are accumulating or "liberating" shares. It would seem advantageous to hold shares at the current price unless there are troubled waters ahead. Ausdauer