InvestorsHub Logo

Paullee

11/14/18 8:13 AM

#18591 RE: lbcb123 #18565

On the 10b5-1 plan, I'll answer that because that's probably most closely directed at me. In August of 2015 I filled out a 10b5-1 plan that covered basically my options, awards as well as my RFUs. That plan has been in place since August of 2015. It has not been attenuated, added to or modified or changed in any form and it just so happened that the market volatility on a Monday about I don’t know three, four weeks ago actually got up into a range where that stock actually did trigger.

So I believe over about a one or two-day period I believe that about 77,000 maybe 77,500 of my shares were triggered under that 10b5-1 plan. My follow on to that would be that that is a small portion of my invested under equity and then certainly is no reflection on my perception of the business or my or any other senior management's desire to stay here and stay committed to the program that we have under way.

Lee Alper

Which we really or I can't understand correctly what you're saying is that if it hits 5 again there'll be other shares that come out?

Philip Hartstein

No, actually so I'm not quite sure how much of my 10b5-1 plan has been disclosed, but I can tell you that it stages in tranches, so I don't believe that any more shares would sell at $5.

https://seekingalpha.com/article/4221914-finjan-holdings-inc-fnjn-ceo-philip-hartstein-q3-2018-results-earnings-call-transcript?part=single

Ha !