CLARENT CORP/CA 4
4 · CLARENT CORP/CA · Filed Dec 10, 1999
Insider Transaction Report
Form 4
Transactions
- Sale
Common Stock
1999-11-22$1.00/sh−400,000$400,000→ 1,727,658 total(indirect: 02)
Footnotes (2)
- [01]On November 22, 1999, The Goldman Sachs Group, Inc. ("GS Group") and certain investment partnerships of which affiliates of Goldman, Sachs & Co. ("Goldman Sachs") and GS Group are the general partner or managing general partner (the "Investment Partnerships") sold, in the aggregate, 400,000 shares of Common Stock in a public offering of the Issuer's Common Stock at an offering price of $85.00 per share, less underwriting discounts and commissions of $3.72 per share.
- [02]The Reporting Person is a managing director of Goldman Sachs (Asia) L.L.C., an affiliate of GS Group. GS Group may be deemed to own beneficially and directly 1,234,042 shares of Common Stock. Goldman Sachs and GS Group may be deemed to own beneficially and indirectly, in the aggregrate, 493,616 shares of Common Stock through the Investment Partnerships. Goldman Sachs is an indirect wholly-owned subsidiary of GS Group. The Reporting Person disclaims beneficial ownership of the securities reported herein as indirectly owned.