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Re: Traderfan post# 1239

Tuesday, 11/15/2016 10:49:57 AM

Tuesday, November 15, 2016 10:49:57 AM

Post# of 3176
Form 4 filings are for "Statement of Changes of Beneficial Ownership of Securities." That means they're filed when you add to or dispose of existing positions. If she had previously owned common stock she would have filed a form 4 for her "shares acquired through open market purchases." The fact that she filed a form 3 shows this was an initial purchase of common stock. I'm not sure why there's no price listed for the purchases (I don't see that requirement in the instructions). But the instructions do require that the form be filed within 10 days of the transaction. The "date of the event" is 4/15/16. The form was filed 4/20/16 so the assumption can be made that the "open market" purchases were made between 4/15 and 4/20. Price varied between .13 and .198 from 4/15-4/20.

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