LXU (LXU) Form 144 details proposed sale of 200,000 common shares
Rhea-AI Filing Summary
LXU filed a notice of proposed sale of restricted or control securities under Rule 144. The filing covers a planned sale of 200,000 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an indicated aggregate market value of $1,922,000. The issuer had 71,944,499 shares of common stock outstanding at the time referenced.
The seller originally acquired these 200,000 shares on 04/27/1990 via previously exercised stock options, paid for in cash. By signing the notice, the seller represents that they are not aware of any material adverse, nonpublic information about the issuer’s current or prospective operations.
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FAQ
What does the Form 144 filing for LXU disclose?
The Form 144 for LXU discloses a proposed sale of 200,000 shares of common stock by an affiliate or control holder, providing details on the broker, market value, acquisition history, and representations about nonpublic information.
How many LXU shares are proposed to be sold and what is their market value?
The notice covers a proposed sale of 200,000 shares of LXU common stock with an indicated aggregate market value of $1,922,000.
How many LXU shares were outstanding in this Form 144 notice?
The Form 144 states that there were 71,944,499 shares of LXU common stock outstanding at the referenced time, which is provided as context for the proposed sale.
When and how were the LXU shares being sold under Form 144 originally acquired?
The 200,000 LXU shares were acquired on 04/27/1990 through previously exercised stock options from the issuer, and the purchase price was paid in cash.
Which broker is handling the proposed LXU share sale and on which exchange?
The proposed sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, with the NYSE named as the securities exchange.
What representation does the seller make in the LXU Form 144 notice?
By signing, 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.
Does the LXU Form 144 mention Rule 10b5-1 trading plans?
The form provides a field for a date of plan adoption or trading instruction if the seller relies on Rule 10b5-1, and states that by signing and providing that date, the seller makes their non-disclosure representation as of the plan adoption or instruction date.