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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?


To: Sigmund who wrote (9425)1/24/1999 1:10:00 PM
From: Steve Hufnagle  Read Replies (2) | Respond to of 14266
 
Is it possible that he will have more options to exercise in 1999 and l shares to sell and he did not want to have to report all of his sales in 1999 for tax reasons?
I also think when a number of insiders sell at time not at the end of a tax year it would be easier to assign some importance to the timing of the event. IMHO
Steve



To: Sigmund who wrote (9425)1/24/1999 7:44:00 PM
From: Zirdu  Read Replies (1) | Respond to of 14266
 
<< why not hold the shares until Jan 1 before selling?>>

This one is easy. Because he wanted the gains in 1998 tax year, because he expects to exercise and sell more shares in 1999, and so have more gains in 1999. Maybe he is a stock investor in other companies, and had a big capital loss for 1998 he wanted to use up. Who knows. But it does look like he sold in 1998 for a reason. And the fact that he did now "wait" till Jan 4th 1999 to sell tells us nothing, since no THQ news came out between the time he sold in late December, and early January (where he could have sold for over $30 per share)