So its not that I knock Walt from selling at the high but it not kosher when you do it right before a flat quarter (which is the same as a negative report) dump 185K Shares on the market and drive the stock down .50 cents. The move to accelerate dividends ends up costing SLP once again. Guess who gained the most from this move? Thats right the largest share holder with 45% of the stock. Walt no one cares when your adding value. But when your not, there is no one who doesn't care.
This happens all the time... Somebody looks at the Yahoo Insider Transaction list and then draws incorrect conclusions. First of all the ONLY official record of insider stock transactions is the SEC web site. If you take a look at the form 4 that was filed for the 181,000 shares ( I don't see a sale for 185,000 ) you will see that the transaction code is "G" meaning that the shares were gifted NOT SOLD as you stated. Also this took place on Sept 25, 2012... Not recently. Further the 68,503 shares that Walt converted from options on Dec 19, 2012 were ACQUIRED and not sold. In other words he converted options to shares and is HOLDING the shares. He would only be holding those shares if is expecting the company to do better in the future.
So no shares were sold. Yahoo message boards no longer allow links to be posted so I will do the best I can to give you what you need to see the form 4 on the SEC web site:
no link necessary just go to recent insider transactions on yahoo. And for the record I really don't have a problem with him selling, scheduled or not, just does not set a positive tone when its done prior at a flat quarterly release. I want Walt to make big $ that means I will too but this last transaction bothered me a little