Ranger re another possible 15,000 shares from a repost of mine as follows:
Posted by: rmarchma
In reply to: JimLur who wrote msg# 88450
Date:12/31/2004 7:32:28 AM
Post #of 88946
Jimlur re additional insider sales
I expect to see one more F4 for another 15,000 share sell by Goldberg this year, which will also be preplanned. From IDCC's press release of May 7, 2004 as follows:
..."Messrs. Campagna's and Goldberg's adopted Rule 10b5-1 plans will facilitate the exercise and sale of securities underlying options and warrants which are scheduled to expire before the end of this year. The options and warrants were granted to these individuals in 1994. The maximum amount of shares proposed to be sold under the 10b5-1 plans by these two individuals totals 45,000 shares, representing approximately 3% of their combined aggregate holdings. The transactions are PLANNED to occur over the remainder of 2004."
Mr. Campagna sold 15,000 shares acquired from exercising expiring options on May 18, 2004. Mr Goldberg exercised on a total of 30,000 shares from expiring options in late Sept. and early Oct. However he did not sell any of the 30,000 shares acquired by the option exercise at that point. Since he just sold 15,000 shares, that still leaves 15,000 more shares that should be sold by the end of 2004 under the preplanned 10b5-1 rule. This would then bring the total to the 45,000 shares indicated in the press release.
Now if Mr. Campagna were to sell anymore shares this year, then it will be a voluntary discretionary sale and not a preplanned sale under 10b5-1. The same would probably be true for any other insider sale this year. I just hope that Rip is the only one to make a voluntary discretionary sale at this time. I will become more concerned if other insiders join with Rip in making discretionary sales now. Preplanned insider sales under rule 10b5-1 do not concern me nearly as much as the voluntary discretionary sales do.
News 
Market Data 
Discover 
AI
