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.
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.