riverandfold.. Its the total # of A/S shares. In this case it would be roughly 3.5M shares or 5%. Posted by: riverandfold Date: Thursday, July 22, 2010 12:47:50 PM In reply to: My4ntoy who wrote msg# 3410 Post # of 3480 I think the 5% is based on the total outstanding shares (included restricted shares), not necessarily the Float. I might be wrong on this, someone else can confirm