Well, in the last secondary, from March, the directors and also the vector fund was selling some shares, but not LPGL. NetG has to regain altitude, or LPGL must post a loss. Also NETP is far away from the $40 targets...
For selling... IMO they have to file 144s, if they are not named in an offering, like that one below (but in principle they had the possibility to short a few, off-shore?)
Shares Beneficially Owned Shares Beneficially Owned
Prior to the Offering Number of After the Offering
------------------------- Shares Being -------------------------
Name and Address Number Percent(1) Offered Number Percent(1)
--------------------------------------------------- ---------- ------------- ------------ ---------- -------------
Vector Capital, L.P.(2) ........................... 2,047,029 14.9% 25,000 2,022,029 12.2%
3000 Sand Hill Road
Building 4, Suite 235
Menlo Park, CA 94025
London Pacific Life & Annuity Company(3) .......... 1,377,467 10.0 -- 1,377,467 8.3
3109 Poplarwood Court, Suite 300
Raleigh, NC 24604
Thomson U.S. Inc. ................................. 470,360 3.3 470,360 -- *
Two Mill Road
P.O. Box 4679
Wilmington, DE 19807
John W. Danner(4).................................. 1,294,632 9.4 200,000 1,094,632 6.6
J. Scott Briggs(5)................................. 25,000 * -- 25,000 *
John D. D. Kohler(6)............................... 482,013 3.5 75,000 407,013 2.5
Amnon Landan(7).................................... 25,000 * -- 25,000 *
Jonathan D. Lazarus(8)............................. 77,335 * -- 77,335 *
Alexander R. Slusky(2)(9).......................... 2,072,029 15.0 25,000 2,047,029 12.4
Stephen E. Recht(10)............................... 171,805 1.2 25,000 146,805 *
Rick E. D. Jackson IV(11).......................... 154,252 1.1 10,000 144,252 *
Martin G. Lane-Smith(12)........................... 212,023 1.5 20,000 192,023 1.2
John K. Donnelly(13)............................... 26,113 * 1,200 24,913 *
Jitendra Valera(14)................................ 90,755 * -- 90,755 *
Michael W. Davies(15).............................. 90,112 * 10,000 80,112 *
Larry C. Wear(16).................................. 168,374 1.2 25,000 143,374 *
All directors and executive officers as a group
(15 people)(17).................................. 5,066,470 34.2 391,200 4,675,270 26.7
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