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Re: serfdom post# 67698

Wednesday, 09/06/2006 6:10:44 PM

Wednesday, September 06, 2006 6:10:44 PM

Post# of 169278
Form 144 Sales - Serf and others

The transaction date given is NOT necessarily the date of the sale. Form 144 contains information only about a proposed sale, not the actual sale. The transaction date you are referring to is the actual 144 filing date with the SEC. The transaction value you are referring to is the estimated proceeds if the sale occurs within the next 10 days (business days) of the filing date (e.g. transaction date). You have 3 months after the filing date to execute the proposed transaction. Of course, you could file and sell on the very same day.

The particulars of the actual sales are reported on form 4. But only if you are an insider. Regular Joe Blows selling restricted shares don’t file Form 4s. Since none of the people filing 144s so far are insiders, there is no way of knowing when or if they sold and at what price.


TT



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