“BayStar Capital II LP has been selling shares of SCO Group
according to a series of recent SEC Form 4 registration statements.
Since Sept. 1, a series of Form 4s from the SEC’s Web site indicate
that BayStar Capital Management II LP and BayStar Capital
Management LP has sold over 170,000 shares of SCOX or around 7.7%
of the 2,208,645 shares it owned as of Aug. 24 and as disclosed in
a Sept. 9 SEC filing.“Disclosure of insider sales, among other transactions, are
required on a Form 4 under Section 16 of the Securities Exchange
Act of 1934. Transactions subject to the ‘immediate’ disclosure
requirement and which are disclosed on a Form 4 include insider
purchases, sales, and issuance or exercise of options, to name a
few. This column discussed the disclosure requirements in detail on
June 9…”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
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