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IT Manager's Journal: Baystar Quietly Continues to Rid Itself of SCO Group Stock

Nov 19, 2004, 22:00 (0 Talkback[s])
(Other stories by Melanie Hollands)


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"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..."

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