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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (47416)	2/16/1999 3:19:00 PM
From: Earlie	Read Replies (2) \| Respond to of 132070

YZ: You are accurate on this. Filing equals selling. Best, Earlie

To: RealMuLan who wrote (47416)	2/16/1999 3:31:00 PM
From: Eggolas Moria	Respond to of 132070

No need to argue. But there is a difference between a Rule 144 filing and a Form 4 filing. Schneider is an insider. He must file an intent to sell as part of rule 144. Once the SEC receives the filing, he is free to sell. However, as an insider, he must then file a Form 4 stating the sale, how many shares and at what price. He does not have to sell after filing a Rule 144. So, when reviewing shares sold by an insider, you must count the Form 4 numbers, not the Rule 144 numbers. The former are precise shares sold, the latter are only an expression of interest to sell. As an aside, I have seen insiders file 144 and not sell because the stock increases dramatically or declines. The 144 expires and they file a new one. So, counting these shares as actually sold is premature and not precise. Form 4 filings govern for insiders.