Monday, September 24, 2007 6:09:24 PM
VOYT: 144 Filings ( proposed sale = not yet sold )
I found a website that lists the form 144s with the info webpage:
http://www.hotstocked.com/companies/v/voyant-intl-VOYT-70718.html?action=showInsiders&qm_page=92...
Last 5 144 Filings = Proposed Sales
WELLS, DAVID R = 206,234
ABBADESSA, STEVEN M. = 250,000
FAIRBAIRN, DAVID = 15,000
ASHE, CHRISTOPHER = 400,000
FOUASSIER, FREDERICK F = 400,000
SEC: What is a Form 144 filing?
Rule 144: Selling Restricted and Control Securities
http://www.sec.gov/investor/pubs/rule144.htm
What is Rule 144?
...When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in the marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met....
...This overview tells you what you need to know about selling your restricted or control securities. It also describes how to have a restrictive legend removed...
http://www.transferonline.com/index.cfm?pathid=26&action=faqs#what144
July, 2007:
"THE SEC CONSIDERS CHANGES TO THE RULE 144 HOLDING PERIOD"
http://www.learnaboutlaw.com/General/changes-to-Rule-144-holding-period.htm
and
"SEC Proposes Significant Amendments to Rules 144 and 145"
http://www.bracewellgiuliani.com/index.cfm/fa/news.advisory/item/cce4425a-562f-45e4-a976-cfb44c17282...
Untangling Rule 144: Restricted Stock Sales and Affiliate Volume Limitations.
http://www.learnaboutlaw.com/newsletter/v0007.html
Detailed article includes:
...Rule 144's mandatory conditions are the following, and all of the conditions must be met for Rule 144's safe harbor to apply to a transaction, and we'll cover each of the requirements in detail below:
*A potential seller must satisfy the minimum one-year holding period.
*The seller must file a Form 144 with the SEC (unless the transaction is very small, under $10,000 worth of shares).
*There must be "current public information" available on the issuer.
*The sales must be in arm's-length broker transactions, without pre-arrangement or broker's solicitation of orders.
*The seller must have a bona fide intention to sell the shares at the time he/she files the Form 144....
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Some other items found. If you want to verify, do a word search for the links
...Intent of an insider to sell restricted or unregistered stock. Provides useful business intelligence, especially if multiple insiders file this form around the same time. The filing is due at least 3 days prior to the sale of the security...
...Form 144 filings report the proposed sale of any restricted stock. While this includes company insiders, it also includes anyone who owns restricted stock, as defined above, regardless of how many shares. It is important to note that many "insider" trading reporting agencies list filings of Form 144 by directors and officers, but do not include Form 144 filings by unaffiliated shareholders. It is also important to note that the filing of a Form 144 does not obligate the filer to sell any or all of the shares listed. The filer has 90 days in which to make the transaction, or portion of it. If the 90 days passes without a transaction, a new Form 144 may be filed....
...The form 144 must be filed by holders of restricted securities (also known as letter stock) to provide notice of their intent to sell stock. SHARES INDICATED: The number of shares filed to be sold. SALE DATE: The approximate date of the sale. (Note: The number of shares indicated to be sold, on a particular date, does not necessarily mean that the actual sale has occurred or will occur, in full or in part.) MONTH TOTALS: The # Insiders column depicts the total number of insiders that filed intentions to sell shares in the calendar month of their indicated sale, and the # Shares column shows the total number of shares those persons filed to sell....
...Approximately one-third of all Form 144's are filed by corporate insiders. Therefore, Form 144 filings are the earliest indication of insider selling in a company. Form 144 filings filed with the U.S. Securities and Exchange Commission (SEC). Any holder of restricted stock who is planning on selling those shares is required to file a Form 144 with the SEC. It is not necessary to be an insider to hold restricted shares. People can hold restricted stock for a variety of reasons that differ from company to company. Two of the more common reasons are: (1) many times, options granted to insiders become restricted stock when exercised; (2) original investors and founders are often holders of restricted stock....
I found a website that lists the form 144s with the info webpage:
http://www.hotstocked.com/companies/v/voyant-intl-VOYT-70718.html?action=showInsiders&qm_page=92...
Last 5 144 Filings = Proposed Sales
WELLS, DAVID R = 206,234
ABBADESSA, STEVEN M. = 250,000
FAIRBAIRN, DAVID = 15,000
ASHE, CHRISTOPHER = 400,000
FOUASSIER, FREDERICK F = 400,000
SEC: What is a Form 144 filing?
Rule 144: Selling Restricted and Control Securities
http://www.sec.gov/investor/pubs/rule144.htm
What is Rule 144?
...When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in the marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met....
...This overview tells you what you need to know about selling your restricted or control securities. It also describes how to have a restrictive legend removed...
http://www.transferonline.com/index.cfm?pathid=26&action=faqs#what144
July, 2007:
"THE SEC CONSIDERS CHANGES TO THE RULE 144 HOLDING PERIOD"
http://www.learnaboutlaw.com/General/changes-to-Rule-144-holding-period.htm
and
"SEC Proposes Significant Amendments to Rules 144 and 145"
http://www.bracewellgiuliani.com/index.cfm/fa/news.advisory/item/cce4425a-562f-45e4-a976-cfb44c17282...
Untangling Rule 144: Restricted Stock Sales and Affiliate Volume Limitations.
http://www.learnaboutlaw.com/newsletter/v0007.html
Detailed article includes:
...Rule 144's mandatory conditions are the following, and all of the conditions must be met for Rule 144's safe harbor to apply to a transaction, and we'll cover each of the requirements in detail below:
*A potential seller must satisfy the minimum one-year holding period.
*The seller must file a Form 144 with the SEC (unless the transaction is very small, under $10,000 worth of shares).
*There must be "current public information" available on the issuer.
*The sales must be in arm's-length broker transactions, without pre-arrangement or broker's solicitation of orders.
*The seller must have a bona fide intention to sell the shares at the time he/she files the Form 144....
------------------------------------------------------------------
Some other items found. If you want to verify, do a word search for the links
...Intent of an insider to sell restricted or unregistered stock. Provides useful business intelligence, especially if multiple insiders file this form around the same time. The filing is due at least 3 days prior to the sale of the security...
...Form 144 filings report the proposed sale of any restricted stock. While this includes company insiders, it also includes anyone who owns restricted stock, as defined above, regardless of how many shares. It is important to note that many "insider" trading reporting agencies list filings of Form 144 by directors and officers, but do not include Form 144 filings by unaffiliated shareholders. It is also important to note that the filing of a Form 144 does not obligate the filer to sell any or all of the shares listed. The filer has 90 days in which to make the transaction, or portion of it. If the 90 days passes without a transaction, a new Form 144 may be filed....
...The form 144 must be filed by holders of restricted securities (also known as letter stock) to provide notice of their intent to sell stock. SHARES INDICATED: The number of shares filed to be sold. SALE DATE: The approximate date of the sale. (Note: The number of shares indicated to be sold, on a particular date, does not necessarily mean that the actual sale has occurred or will occur, in full or in part.) MONTH TOTALS: The # Insiders column depicts the total number of insiders that filed intentions to sell shares in the calendar month of their indicated sale, and the # Shares column shows the total number of shares those persons filed to sell....
...Approximately one-third of all Form 144's are filed by corporate insiders. Therefore, Form 144 filings are the earliest indication of insider selling in a company. Form 144 filings filed with the U.S. Securities and Exchange Commission (SEC). Any holder of restricted stock who is planning on selling those shares is required to file a Form 144 with the SEC. It is not necessary to be an insider to hold restricted shares. People can hold restricted stock for a variety of reasons that differ from company to company. Two of the more common reasons are: (1) many times, options granted to insiders become restricted stock when exercised; (2) original investors and founders are often holders of restricted stock....
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