Monday, April 17, 2006

Form 4's Filed By Sirius

April 17, 2006

Satellite Standard Group (SSG) has decided to do a write up on this subject because it is something that is often used on message boards, and is often done in error.

Yes, there were insider sales by Sirius executives today. That statement in and of itself is true.....but there is more to the story.

You see, these sales really had nothing to do with how these executives feel about Sirius or Sirius' stock. The sales were made to pay Uncle Sam.

Today Mr. Greenstein and Mr. Meyer sold shares of Sirius Satellite Radio.

This kind of information will undoubtedly appear on the message boards with a negative connotation attached to the message. SSG encourages you to look deeper. If you look at the filings you will see something that investors should be aware of:

"Shares of common stock sold are equal to federal and state taxes due on April 15, 2006 as the result of the vesting of restricted stock units and the related brokerage commission on the sale."

You can view these filings yourself by visiting the Investor Relations section of the Sirius website here.

The link to this write up is http://tinyurl.com/j6p6a