InvestorsHub Logo
Followers 22
Posts 899
Boards Moderated 0
Alias Born 07/24/2002

Re: siriusadult post# 2938

Friday, 12/29/2006 6:25:22 PM

Friday, December 29, 2006 6:25:22 PM

Post# of 9101
sirius...Relax...Did you give gifts in December 2006?

The Form 4 is quite simply a legal document designed to allow transparency to ALL shareholders as to what insiders are doing with their shares. The "D" has nothing to do with selling. It simply means that they no longer are the legal owners of the shares.

If you had to report on every one of your personal financial transactions, anything you gifted to anyone would be designated with a "D". Anything you received from anyone would be designated with an "A". But just as "A" doesn't necessarily mean you "bought" something, "D" doesn't necessarily mean anything was sold.

These are simply gifts. Could be to family members, could be to charities (many give shares of appreciated stock to their church, it's a tax efficient method of giving), etc. IMO, this is absolutely nothing to be concerned with.

Later,
W2P

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.