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dms1

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dms1

Re: wooferwax post# 26922

Wednesday, 07/16/2014 9:43:15 AM

Wednesday, July 16, 2014 9:43:15 AM

Post# of 104461
The Form 3 has to be filed so he can be labeled an insider (because he is a director), which will make any future stock transactions of his public.It's purpose is to put up a flag around his name to generate Form 4's in the future when a transaction is made. It's SOP but usually does not get publicized because it's not really news.
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