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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Mkilloran who wrote (18585)	2/9/1999 1:01:00 AM
From: Zebra 365	Respond to of 23519

Insiders who buy or sell must file Form 4, for a "change in holdings". Form 144 is to register held but previously unregistered shares with the SEC. This must be done in preparation to sell shares as all shares must be registered to sell on the open market. Not all Form 144's are followed by sales but usually are (otherwise why bother to file the form?) So, a filing of Form 144 indicates preparation to sell by an insider or other holder of unregistered securities, but when the insider actually sells or buys, they must file Form 4. No Form 144 is required for an insider to buy on the open market. Anyone who holds more than 10% of the stock, even if not an insider must also file Form 4 when they buy or sell. Anyone (including institutions) who holds more than 5% of the stock and is not an insider must file a Form 13D or G within 10 days of a significant change in their position until such time as they no longer hold over 5% of the stock. Zebra I'm not a securities lawyer but I play one in striped pajamas.