maybe no one noticed the sales until today? Should have sold some calls in advance I guess, that was some rapid decline as usual. This stock can't sustain a rally, failing again, thanks Junius!!! Nice of him to sell in advance of receiving new options, to help lower the price on those new options. I expect Perry will also sell some shares soon to further lower the strike price of their new options. IMO.
Maybe his plan is set up to sell x shares above $17. I think DJ knows he has more free shares coming soon- IMGN has awarded large option grants in July the past few years. John Lambert usually sells only as his options run out of time. John deserves a large share award this year based on performance, DJ and Perry do not IMO. Shareholders/owners should let the Chairman of the BOD know how they feel. Maybe IMGN will be next and Dan can retire (along with some large shareholders :-)