Wave Systems Corp (WAVX) president Sprague to sell shares
UIN
11:47 AM Eastern Daylight Time Mar 22, 2010
A Form 144 filed shows that Steven Sprague, president of Wave Systems Corp, disclosed intentions to sell on March 17, 2010, 40,000 shares of company stock valued at roughly $150,660.
Sprague, based on a Form 4 filed on March 17, 2010, controls 120,989 shares (93,805 held directly and 27,184 indirectly).
In the last two years, in addition to the current filing, Sprague has made a sale of 40,000 shares for $150,660.
In the same 24 months, Wave Systems Corp insiders have made one sale of (40,000 shares for $150,660).
A Form 144 must be filed with the Securities and Exchange Commission by insiders prior to a sale of restricted stock. It is effective for 90 days from the filing date and provides the insider's best estimate of the proposed sale. Most insiders file a Form 144 just prior to or on the same day of a sale.
All aggregate transaction activity reflects directly held shares only
