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Looks more like exercising cheap options to me. I guess we should be happy he didn't sell any to pay for it.
hey, are you still trading Peapack?haven't seen you there in awhile. I may make a swing trade on Monday.any thoughts? post there.Thanks.
<<<Looks more like exercising cheap options to me. I guess we should be happy he didn't sell any to pay for it.>>>Sorry, but you are not reading the filing correctly. First, the transaction code (column 3) in Table I does not indicate that this was an exercise of stock options. It was an open market purchase of common stock.Second, the total cost of the 50 shares purchased on 03/10/05 was $50,910, or $1018.20 per share. This was not a "cheap" price, but the price of the stock at the time of the trade. Finally, Table II shows that this guy holds no stock options. This is obviously the case because SEB has no stock option plan!!!Check it out again:http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001273921%2D05%2D000001%2Etxt&FilePath=%5C2005%5C03%5C11%5C&CoName=SEABOARD+CORP+%2FDE%2F&FormType=4&RcvdDate=3%2F11%2F2005&pdf=
I stand corrected. I think I posted to the wrong board. I did know that they had no option plan........aa
at rincon: i was about to reply to this poster, to advise him that it appeared FULL market price was paid, but you said it best...he had it wrong... maybe he's one of the few shorting the stock.... later....