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Issuer (NYSE: IDR) insider plans sale of 30,000 common shares

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

A Rule 144 notice shows an insider plans to sell 30,000 shares of IDR common stock. The shares are to be sold through Morgan Stanley Smith Barney on the NYSE, with an aggregate market value of $1,363,113.00 based on the figures in the notice. The filing reports that these shares were originally acquired on 10/31/2013 in a private cash transaction from the issuer or an affiliate.

The notice also discloses that during the past three months, the same seller disposed of 87,470 common shares for gross proceeds of $2,646,437.38. The representation included states that the seller does not know of any material adverse, non-public information about the issuer’s current or prospective operations.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the latest Form 144 filing indicate for IDR?

The notice shows an insider plans to sell 30,000 IDR common shares on the NYSE through Morgan Stanley Smith Barney, with an indicated market value of $1,363,113.00.

How many IDR shares are being registered for sale under this Rule 144 notice?

The filing covers a planned sale of 30,000 shares of IDR common stock, using Morgan Stanley Smith Barney as broker.

What is the reported market value of the 30,000 IDR shares to be sold?

The aggregate market value listed for the 30,000 common shares is $1,363,113.00.

How many IDR shares has the seller disposed of in the last three months?

Over the past three months, the seller reported selling 87,470 IDR common shares for gross proceeds of $2,646,437.38.

When and how did the insider originally acquire the 30,000 IDR shares?

The shares were acquired on 10/31/2013 in a private acquisition from the issuer or an affiliate, paid in cash on the same date.

How many IDR common shares are reported as outstanding in this notice?

The filing lists 15,592,374 common shares as the number of shares outstanding.

Does the insider attest to having non-public adverse information about IDR?

The seller represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.
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