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Technology Stocks : OneMain.com (ONEM) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (84)	3/29/1999 1:13:00 AM
From: kathyh	Read Replies (1) \| Respond to of 614

Mr. Ledecky's shares are restricted for a period of one to two years, according to this from page 70 of the prospectus. I suppose the company could give written permission to sell before that... edgar-online.com 70 TRANSACTIONS WITH RELATED PARTIES On August 19, 1998, in connection with the formation of OneMain.com, our founders, Stephen E. Smith, Dewey K. Shay and Jonathan J. Ledecky, purchased shares of common stock at a purchase price of $0.01 per share in the following amounts: . Mr. Smith purchased 1,500,000 shares of common stock for $15,000. Mr. Smith subsequently transferred 140,000 of these shares to other persons. . Mr. Shay purchased 1,052,500 shares of common stock for $10,525. Mr. Shay subsequently transferred 40,000 of these shares to other persons. . Jonathan J. Ledecky purchased 2,000,000 shares of common stock for $20,000. Messrs. Smith, Shay and Ledecky have agreed that they will not, without our prior written consent, transfer any of the shares of common stock they own, except for transfers made as part of a pledge, hedging or similar transaction: . with respect to 50% of their shares, for a period of one year following this offering; . with respect to an additional 25% of their shares, for a period of 18 months following the offering; and . with respect to their remaining shares, for a period of two years following this offering. And it looks like the 2 million shares is all he owns... (from P. 74) Jonathan J. Ledecky..... 2,000,000 41.0 1,596,394 8.2 1,728,450 8.2 1400 34th Street, N.W. Washington, D.C. 20007 I wonder if the 180 day lockup period refers to shares other than those listed on page 70 with special restrictions?? I am new at reading prospectus, so I may be wrong about this...