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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Traderhic who wrote (5158)1/4/1999 11:53:00 PM
From: Parnell  Respond to of 90042
 
So many things to consider with insider trading, many options have time limits, even executives don't want to take money out of their pockets to pay for stock so they exercise options then sell same day to cover costs, maybe sold for tax reasons, or for gifting purposes. If you want to gift stock to your children, you would want to do it at a lower price so you could transfer more tax free.



To: Traderhic who wrote (5158)1/5/1999 12:01:00 AM
From: Jorj X Mckie  Read Replies (2) | Respond to of 90042
 
Traderhic,
A subsequent message answers some of the reasons why stock is sold. Steve Kim and Yuri Pikover also have blind trusts that sell stock on a pretty regular basis. If one works for a company that provides stock options it does become necessary to sell some so that one can diversify one's holdings. I would bet that XYLN is still at least 95% of Mr. Kim's holdings.

JXM


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