This Is Huge: Stephen Fellows CFO Exercised 2.5M Options
Per latest Form 4, on 6/6/13 Fellows exercised 2,524,164 stock options granted on 4/1 & 6/4/13 and NOW OWNS that quantity as actual stock. Exercising the purchase represents $2,524.16, but with the amount of salary forfeited that comes to an effective insider purchase of $87,452.88; don't take my word for it, look at the SEC forms and confirm my math.
By the looks of it this Fellows guy needs the money. Anyone who is still sticking around working for Fletcher obviously can't find another job. He probably thinksto himself I am stuck here so I may as well suck out as much as I can out of this company. Taking pointers from Fletcher and the Board.