those sells are automatic (shares sold to cover ap

those sells are automatic (shares sold to cover applicable taxes) once vested

i just went to check Jane Harness's Forms .. she started @ IPI on 9.1.16

first form (3) filed indicates nothing held .. that was signed 8.8.17

http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp

again on 8.8.17 .. form (5) is filed by JH

JH is granted the first round on 9.1.16 (9.1.17) restricted stock of 58,394 that vests in equal installments (of 58,394) over 3 years (2017/2018/2019)
Represents restricted stock vesting in three equal annual installments beginning on September 1, 2017

JH also has ESOP shares ~ 172,987 @ a strike price of $1.37
2. The option vests in three equal annual installments beginning on September 1, 2017.

http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp

then on 9.6.17 .. JH files the form (4) that shows the 2nd round of shares (58,394 x 2 = 116,788) with an auto sell for applicable taxes ( 6056 @ 71c ) for a total balance for JH of 110,732

and second round ESOP ( 172,987 ) with a strike price @ 71c

1. Represents restricted stock vesting in three equal annual installments beginning on September 1, 2018.
2. Represents shares withheld for payment of tax liability arising as a result of the partial settlement of restricted stock awards that vested.
3. The option vests in three equal annual installments on September 1, 2018, 2019 and 2020.

http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp

fast forward to 2018 ..

so on 9.24.18 .. JH files form (4) .. 3rd round of 58,394 granted .. less the 2017 prior sell of 6056 shares @ 71c .. nothing is shown *sold* for 2018 (58394 x 3 = 175,182 less 6056 = 169,126 )

third round of ESOP ( 172,987 ) with a strike price @ .398c

1. Represents restricted stock vesting in three equal annual installments beginning on September 1, 2019.
2. The option vests in three equal annual installments on September 1, 2019, 2020 and 2021.

http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp

then on 10.16.18 .. JH files form (4) .. 3rd round of 58,394 (x 3 = 175,182 - prior sell in 2017 of 6056 shares @ 71c and the 2018 sell for applicable taxes of 9272 shares @ 40c = 159,854 )

http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp

and most recently .. on 9.6.19 .. JH filed form (4) showing the auto sell of 9619 shares (applicable taxes) @ 13c .. (58,394 x3 = 175,182 less 3 auto sells of 6056 @ 71c / 2017 .. then auto sell of 9272 @ 40c / 2018 and most recent auto sell of 9619 @ 13c / 2019 .. for a total balance ( of those ) of 150,235 IPIX shares)

http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp

hope this helps .. if i have the time tomorrow .. i'll do AB's as well
clearly the sell of his restricted stock is far greater @ this *price point* (CONvenient eh for NR) due to size held ..

(presuming) .. expect to see another form filed with ESOP update for JH over the coming weeks .. currently all 3 rounds' issued are underwater re: her strike price

not sure if the links above work for each respective form filed .. but all can be found @ the company's website

http://www.ipharminc.com/financials

4kids

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I would have been happier had they waited to sell those shares until after the shareholder meeting. $1,250. for Harness and roughly 35K for Bertolini. Timing sucks imho. Go IPIX!!!

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