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First Virginia Banks Inc. (FVB) Message Board

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  • alrightinvestor alrightinvestor Jun 17, 2003 10:11 PM Flag

    Insider gains

    It looks like Fitzpatrick got his 45,000 options at $37 per share on 12/17/2002 along with the other insiders. According to the proxy, negotiations with BB&T got started around October 2002 and the Board approved it on January 17, 2003. So when he got the options, he must have known that the deal was close if not real close. Is that legal or ethical?