JESS
With all due respect, the implication of your post is, to say the least, very misleading and not based upon what is happening in the "real world"
These 105-b plans are almost always put in place many months before the events that led to the salling and profiting that you stated. Are you implying that the insiders who sold, had some sort of crystal ball, which tipped them off as to events that were about to occur many months in the future?
I strongly suspect, that most of the sales and profits that you refer to were simply made in due coarse and purruant to the pre-determined sale dates decided on many many months before the events that gave rise to the profits on the exercise of the planned sales. More likley, the insiders that made these sales "got lucky" and it was pure coincidence that these events happened just prior to the planned sale. I am sure that on the pre-determined date that a 105-b plan sale was scheduled for, if the price of the stock was below the price that the insider choose to sell at, he, or she would have just skipped the sale (which I believe that they have a right to do). So if I am correct, that is why you seldom hear about planned 105-sales occurring when the insider losses a bundle on the sale.
Regards,
Barry
