So your theory is that Flately conducted secret discussions/negotiations with Roche, while managing to keep it secret from the CFO, general counsel, senior VPs, and senior managers? Lots of luck trying to support that. Sounds like you'd better be alert for those black helicopters - they may be out to get you.
bs/bw, you will note that the other ILMN directors/officers continued selling before and after the Roche offer was made public above $50/share...
It's Flately who is the greedy one and points to the magic $60/share demand...
you wrote <<Before trying to justify conspiracy theories, one needs to go look up definition of 10b5-1 plan and how that might have affected these sales. Prearranged, preplanned sales that, probably, ran its course. >>
Flately stopped selling at the price that Goldie Suchs and her little suchlings have been reporting to the press...
Now you are saying Flately ended his automatic selling... you can't have it both ways...
The plan was set up in August 2009, allowed $75 million to repurchase shares. 10b5-1 allows for purchases by insiders only. Easy enough to verify if you get off your lazy butt and look it up - has been mentioned in ILMN press releases and quarterly conference calls.
You want any more details, look them yourself.
<< You were going to "prove" that the Illumina's 10b5-1 Stock Option Plan automatic plan ceased on 07/28/2011 for Mr Jay T Flately.>>
There is no need to prove anything. It is not illegal to terminate automatic execution of selling under 10b5-1. If you care to read further.......http://www.sec.gov/interps/telephone/phonesupplement4.htm
I I hear that giant sucking sound getting louder and louder"
thats the Nitwit City Waste Dispoal truck that came to pick up the grabage that you throw into the message board every day!
Flately had 1.768 million options executable within 60 days of February 28, 2011 according to the March 14, 2011 ILMN Proxy statement.
I hear that giant sucking sound getting louder and louder...
Show me ILMN's employee stock option plan. According to the 2011 ILMN Proxy Statement Flately had 1.5 million ILMN stock options to execute in accordance with ILMN's 105b-1 plan.
you are boring me with your banality...
It's already been suggested that you check the definition of a 10b5-1 plan, but evidently you are incapable of looking up anything yourself, so here it is.
All of Flately's sales shown were made under this plan. Do facts still speak for themselves, or are they now a foreign language to you?