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Temecula Valley Bancorp Inc. Message Board

  • bancinvstr bancinvstr Jul 19, 2006 12:41 PM Flag

    Stock options

    Does anyone else think it is strange that insiders are exercising options? 108,000 shares or about 1% of the bank in the past 60 days. They must know that earnings are very good which will cause an increase in the stock price or a sale of the bank which will result in a heavy AMT.

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    • Over the course of the last 2 months, I've seen three directors and the CEO excercise options. Granted, I haven't seen any July transactions, but this didn't look all too suspicious to me. I haven't seen a cycle of this type of excercising of options before a quarter end before with this bank. And I personally wouldn't want to excercise now if an acquisition is in the works. I do believe that the 2Q 2006 numbers will be good, but not sure up to par with this time last year. As for an acquisition target: Not yet anyway. This bank has a lot of new personnel, departments, directions it is trying to integrate all at once, so I don't see them as an attractive buyout target at this time.

      • 1 Reply to sdbanker2003
      • If the bank were in the process of sale they would want to exercise their options at the lowest price as the AMT is a killer. They must pay that tax on the difference between the option price and the current fair market price on the day of purchase. If they wait and the price goes to say $32.00 per share that is a bigget number.

 
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