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DewDiligence

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DewDiligence

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Re: Summer2762 post# 172724

Tuesday, 01/14/2014 9:16:03 PM

Tuesday, January 14, 2014 9:16:03 PM

Post# of 257295

…by selling within a month an executive need only file one report of trades with the SEC.

This means that a separate Form 4 is not required for an option exercise if the exercised shares are to be sold within one month. Thus, when a Form 4 is filed that contains option exercises without any sales (as was the case for ENTA’s CEO and CSO), it’s reasonable to presume that the exercised shares will not be sold in less than one month.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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