Insider trade question

[shirlden]

Below is activity in John Thain's insider account. My question...what does the "Gift" designation indicate ? Is he giving or receiving and how does one trace this activity?




Trading Date Type Shares Traded Price Shares Held
31 Dec 2008 Gift 36,797 $0.00 36,797
31 Dec 2008 Gift 26,532 $0.00 26,532
31 Dec 2008 Gift 171,900 $0.00 171,900
31 Dec 2008 Gift 114,600 $0.00 57,300
31 Dec 2008 Gift 1,547,100 $0.00 1,547,100
Sell 93,374 $13.56 465,071
Gift 214,875 $0.00 214,875
Gift 443,845 $0.00 443,845
Buy 114,600 $13.56 558,445
Buy 84,600 $5.71 549,671