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Re: Form 4 out per twitter:Oooops, someone has forgotten to read the notes of the Form 4s... "all senior mgt, except AM, sold substantial amounts at $10.00 upon fda approval" Incorrect - See Note 2 of all the Form 4s: "Shares withheld to satisfy the tax liability to the vesting of a restricted stock unit award." These performance-based RSU and performance-based options were linked to the
following milestones: Mannkind CRL response filing (Oct 14,
2013), my guess of Mannkind CRL response acceptance (Nov 21, 2013), and
obviously Afrezza approval (Jun 27, 2014). For more info on these see 10k 2013 pp 100-104: Note 12. Stock award plans.
He has received 395k performance-based RSU (note 1), of which 206k withheld as tax liability
(note 2) . What is really worrisome is that he sold none of his 687k performance-based stock options (notes 3-6). Thomson He has received 247k performance-based RSU (note 1), of which 129k withheld as tax liability (note 2). Add 410k performance-based stock options (notes 4-7), and then wonder why you worry about his 10b5-1 sale of 30k (note 3)? Pfeffer He has received 229k performance-based RSU (note 1), of which 109k withheld as tax liability (note 2) . What is really worrisome is that he sold none of his 446k performance-based stock options (notes 3-7). Palumbo She has received 247k performance-based RSU (note 1), of which 129k withheld as tax liability (note 2). Add 410k performance-based stock options
(notes 5-8), and then wonder why you worry about her 10b5-1 sale of 18k (notes 3 and 4)? Martens 247k performance-based RSU (note 1), 120k withheld as tax liability (note 2). Add his 500k performance-based stock options (notes 3-6), and then wonder why you worry about his 10b5-1 sale of 25k (Jul 21)? Recall he has divorced and has been selling as part
of divorce settlement, as has been indicated in past notes of the form 4... |
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Msg # | Subject | Author | Recs | Date Posted |
7661 | Re: Form 4 out per twitter: | rynotheknife | 0 | 7/26/2014 7:23:30 AM |
7663 | Re: Form 4 out per twitter: | pemiroy | 0 | 7/26/2014 12:22:39 PM |