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ACADIA Pharmaceuticals Inc. Message Board

  • tsoukup02 tsoukup02 Aug 16, 2013 4:22 PM Flag

    Insiders Selling...take away

    ACAD's CFO and CEO dumped about 2/3 of their stock position on August 13th? Any thoughts on this?

    Seems like if they were in talks with any large pharma over a buyout they wouldn't be dumping 2/3's of their shares.

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    • This is part of their compensation package. Not to worry. It is done all the time at companies. Just wait and be happy. Good luck to all.

      Sentiment: Strong Buy

    • automatic sale...dont worry about ole Uli---he will be getting some more shares/options---they set themselves up pretty good with that 7M set aside for executive shares...think that passed last meeting or maybe that was earlier this year...

    • Consider the following:
      1.The options were about to expire.
      2. As insiders there are limited windows during which they can buy or sell stock.
      3.When they exercise the options they immediately have ordinary income (diff between strike $ and FMV).
      4.If they keep the stock, there is no cash to pay the 43.4% max Fed Rate or the Calif. max tax of 10.3% plus
      the 3.0% for Prop 30, i.e. max effective tax rate of about 52 to 53% in Calif.
      5. Bottom line, they had no choice but to exercise and sell.

      Those that are critical of these option exercise/sales just don't understand the tax implications, IMO.

      Sentiment: Strong Buy

 
ACAD
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