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To: jbn3 who wrote (66257)9/19/1998 6:53:00 PM
From: mrknowitall  Respond to of 176387
 
Jbn3 - re: Reporting on options trades - I believe an insider is required to report ANY investment activity that could affect the value of the stock.

Mr. K.



To: jbn3 who wrote (66257)9/19/1998 9:40:00 PM
From: stock bull  Respond to of 176387
 
Jbn3, thanks for the response to my question. I agree that its not worth worrying about as long as the company continues to perform as anticipated...and, I might added...expected.

Stock Bull



To: jbn3 who wrote (66257)9/19/1998 9:52:00 PM
From: rudedog  Read Replies (1) | Respond to of 176387
 
3 -
There is a window in which senior officers can sell stock. The safest time is just after earnings, since these sales are less likely to be taken as an indicator of anything. These windows are as short as a few weeks, 4 times a year at many companies, so these guys need to plan for the next three months when the window opens.

As to the requirement to report options, employee non-qualified grants do not count as ownership until they are exercised, so there is no reporting requirement on the part of individuals. There are some requirements for certain officers when the grants are made, but in general the positions reported in the insider trade descriptions do not include non-qualified options. So a statement that so-and-so no longer holds shares in the company may mask the fact that the individual has thousands or hundreds of thousands of ESO grants.