Form 144

B

bronks

I understand that it represents intention to sell. But what I don't is the transaction date of such agreement. Example:

Form 144: Filing to Sell 100,000 Shares of xxx

Document Processing Date: May 08, 2002 <---------------
Filer: xxx
Relation:

Stock Name: xxx

Stock Symbol: xxx
Exchange: NASDAQ

Transaction date: May 06, 2002 <-------------------- ????
Shares for sale: 100,000
Value held: 10,000,000

Does this mean the shares were already sold on May 06? My understanding was that shares couldn't be sold until after the filing (processing) date. Please pardon my ignorance.
 
Maybe your confusing Form 4 with Form 144????

The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.


The Form 4 is filed with the Securities and Exchange Commission by any
insider buying or selling their company's shares. This form must be
filed by the 10th of the month following the month in which the
transaction was executed.
 
Originally posted by Nordic
Maybe your confusing Form 4 with Form 144????

The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.


The Form 4 is filed with the Securities and Exchange Commission by any
insider buying or selling their company's shares. This form must be
filed by the 10th of the month following the month in which the
transaction was executed.
More...

Nordic-- Thanks for responding. As it shows in my first post, it is a 144, my question is in the transaction date. We have a processing date of May 08 and a transaction date of May 06, the word transaction leading me to believe that shares were sold. Therein lies question. Just a simple play of words which are confusing the heck out of me.
 
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