To: Tom Hua who wrote (405 ) 11/21/1998 6:57:00 PM From: Kenneth Yeh Respond to of 1634
Taken straight out of the SEC filing: PERCENTAGE BENEFICIALLY NUMBER OF NUMBER OF OWNED SHARES SHARES TO BE ----------------- BENEFICIALLY SOLD IN THE BEFORE AFTER BENEFICIAL OWNER (1) OWNED OFFERING OFFERING OFFERING -------------------- ------------ ------------ -------- -------- Creative Computers, Inc. (2)....... 7,329,883 -- 100.0% 82.3% Gregory K. Jones (3)............... 73,299 -- * * Thomas E. Werner................... -- -- * * George Lu.......................... -- -- * * Timothy E. Takesue................. -- -- * * David L. Hirschman (4)............. 21,990 -- * * Joel D. Ludvigsen ................. -- -- * * David M. Matthews (5).............. 14,660 -- * * Brian A. Williams.................. -- -- * * Frank F. Khulusi................... -- -- * * Howard A. Tullman.................. -- -- * * Norman H. Wesley................... -- -- * * All directors and Named Officers as a group (11 persons) (6).......... 109,949 -- 1.2% 1.2% -------- * Represents beneficial ownership of less than 1% of the outstanding shares of Common Stock. (1) Except as otherwise specified, the address of all persons on the list set forth above is: 2525 Busse Road, Elk Grove Village, Illinois 60007. (2) The address of Creative Computers, Inc. is 2555 West 190th Street, Torrance, California 90504. (3) Includes options to purchase approximately 73,299 shares of Common Stock which are presently vested or will vest on the Offering Closing Date. (4) Includes options to purchase approximately 21,990 shares of Common Stock which are presently vested or will vest on the Offering Closing Date. (5) Includes options to purchase approximately 14,660 shares of Common Stock which are presently vested or will vest on the Offering Closing Date. (6) Includes an aggregate of 109,949 shares of Common Stock issuable upon the exercise of options that are presently vested or will vest on the Offering Closing Date. As you can see, 100% of UBID is owned by Creative Computer shareholders. None of is liquid; hence cannot be sold or bought. So where does this 3 million share UBID float trading actively at $24 come from? Please enlighten me. Thanks. -Kenneth