Replies to post #141544 on Wave Systems Corp. (fka WAVXQ)

[cygnuscap]

I think everyone here would learn a lot by taking the time to read the SEC filings. Like the 14A that came out yesterday. But in any event, SKS and Jerry own 2.1% and 1.1% of the company respectively. Their employment contracts are structured such that the hurdle for getting their bonuses is just showing up to work. The board is also receiving compensation far above what a normal company of this size would normally pay.


Beneficial Owner (1)



Number of Shares
of Class A Common
Stock Owned(2)

Percent
of
Class

Number of Shares
of Class B Common
Stock Owned

Percent of
Class

Percent
of All
Outstanding
Common
Stock(3)


Steven Sprague(4)


915,115



2.1
%


14,034



35.8
%


2.1
%


John E. Bagalay, Jr.(5)


55,330



*



—



—



*



Nolan Bushnell(6)


27,331



*



—



—



*



George Gilder(7)


96,997



*



667



1.7
%


*



John E. McConnaughy, Jr.(8)


69,081



*



—



—



*



Gerard T. Feeney(9)


469,494



1.1
%


—



—



1.1
%


All executive officers and directors
as a group (6 persons) (10)


1,633,348



3.8
%


14,701



37.5
%


3.8
%