Ocata Therapeutics Inc fka OCAT

[rocky301]

rumit,

Caldwells holding period was disclosed at 1 year+one day as noted in previous post.

Lanza's is written as follows and the reason he can sell as underlined below.
4.3 Stock: Following the execution and delivery of this Agreement by Company and Executive, subject to the approval of any applicable regulatory agencies, Company will recommend to the Board that Company grant to Executive restricted common stock of Company in an amount equal to the greater of (a) 20 Million shares, or (b) three percent (3%) of any newly authorized employee stock pool, all of which grants will be made by the Board by no later than the January 2010 meeting of the Board. All such stock granted to Executive will be restricted to provide that Executive cannot sell such stock; provided, however, that said restriction will be lifted at the rate of lmillion shares/month. Executive may receive additional future grants of restricted stock during the Term of this Agreement if determined by the Chief Executive Officer and approved by the Board, each in their respective sole and absolute discretion.
http://www.sec.gov/Archives/edgar/data/1140098/000101376209002132/ex101.htm

BOD's:
I assumed, (which I should not have done), a 6 month restriction which is normal. The one year restriction for BOD shares was not known until today as far as I know.. Sorry for assuming.