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shirlden Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 09:24 AM
Original message
Insider trade question

Below is activity in John Thain's insider account. My question...what does the "Gift" designation indicate ? Is he giving or receiving and how does one trace this activity?




Trading Date Type Shares Traded Price Shares Held
31 Dec 2008 Gift 36,797 $0.00 36,797
31 Dec 2008 Gift 26,532 $0.00 26,532
31 Dec 2008 Gift 171,900 $0.00 171,900
31 Dec 2008 Gift 114,600 $0.00 57,300
31 Dec 2008 Gift 1,547,100 $0.00 1,547,100
Sell 93,374 $13.56 465,071
Gift 214,875 $0.00 214,875
Gift 443,845 $0.00 443,845
Buy 114,600 $13.56 558,445
Buy 84,600 $5.71 549,671
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marketcrazy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 09:41 AM
Response to Original message
1. without seeing the FORM 4 ( asume thats where these #`s are from )
it is difficult to say, these guys often "gift" shares to family members, wife,kids,charities. for tax purposes..
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shirlden Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 11:38 AM
Response to Reply #1
2. Can't find any sec filings
Have been all over Edgar and cannot find any filings for these transactions.
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