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FLIR Systems, Inc. Message Board

  • martindmitri martindmitri Apr 15, 2010 2:30 PM Flag

    Insider Trading!

    Looks like every week some officer of the company is buying thousands of shares for $5.87 and then selling them for market price. Seems like a lot of dillution that hurts investors like myself. Does this piss anyone else off?

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    • This is NOT dilution as these shares are already counted in the diluted EPS each quarter.

      The last stock Buy was 3-5-10 when director Cutler bought 3,000 shares at $34.92.

      The previous stock sale was 3-1-10 for EVP Keefer of 15,000 shares and he still owns 172,000 shares -- and that was his first sale ever.

      The sale before that was 2-19-10 for VP Johnson who sold 4,021 shares but still has 53,000 shares. He also sold some similar amounts in 2009, 2008, and 2005. I don't know how much the personnel director makes, but he is not in the Proxy so he is on the lower salary level -- so selling roughly 18,000 shares in six is none event.

      The only thing I see in the option Form 4 filings is an "A" for acquired -- not sold. "A" is good that they want to take ownership at lower prices as it shows they think it is going higher. They did not even sell any stock to pay taxes.

      If you have different information I would like the filing date and name so I can either find or reread the Form 4 for what you say. These transactions are for only hundreds of shares, no big amounts.

      So unless you have "proof" your comment, "every week some officer is" does not hold water. There have only been three stock sales in 2010 for a total of 21,021 shares versus the 903 million shares outstanding -- which is a grain of sand on the beach.

      So, no, only you are pissed off, and if this is what pisses you off, then I cannot imagine how upset you are when there really is an issue.

      So be thankful that DD is doing such a great job for us.

      • 1 Reply to icemeta2
      • Of course option grants are dilutive - plain and simple. Fully diluted share count does NOT include option grants after the date of filing or options that vest after filing or any number of other exotic ways to transfer ownership of YOUR company to highly paid clerks. Most insiders use "cashless" exercise, with money loaned to them by a broker who then sells enough to repay itself. Pure profit to selling insider Company gets ZERO nothing.

    • welcome to the phk job that is executive comp-- the biggest organized crime ring in the world.

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