man, I'm ticked! I bought this "cool" shirt, take it home, wear it a couple of times, and then all of the sudden it gets these little fuzzy things on the back. I'm not talking about a little bit, these things were everywhere. Now I ca'nt wear it. Thanks for ripping me off Pacific Sunwear.
You can check details of insider selling by clicking profile below this message and then clicking insider trading.
From March 31, 1998 until 60 days after, was the exercise date for the officers of their 97 options. No directors or officers of the company on the board have sold any shares since then. Earlier this year Greg Weaver, CEO did sell some shares but it looks like he was funding a living trust.
Other officers of the company that did sell:
1. Carl Womack, CFO sold 10,000 and still has options on 108,012 shares. 2. Gary Hunt, VP Product Development sold 3,750 shares and still has options on 19,485 shares. 3. Robert Entersz, VP of Merchandising sold all of his 1,719 optionable shares. A guess but perhaps he is building a house or putting a child in college? 4. Shelley Smith, VP of Real Estate exercised and sold 5,000 shares. Don't know how many she has. 5. Larry Fesler, VP Stores optioned and sold 3,516 shares. Don't know how many he has either.
Remember that many company officers receive options as part of their total compensation plan. Options are often exercised to raise cash for new cars, houses, kids in college, funding trusts, etc, etc. The ones that sold aren't key in the board operations. Like many of us they are probably living a little hand to mouth.
Can't give a closer explanation than that. Will say that which was sold represents 3.7% of the shares now held by the directors and officers so I believe its fairly minor.
I recently bought a few calls in PSUN because my stock analyst who is among the best in the world recommended it to me. Buy yourself a few calls and sit back and watch your wrath subside as your bankroll grows exponentially. Buy in the money several months out. My guy misses some but I don't think this one will fail because it looks too good everywhere I look. Your posting is the only real negative I've seen and I am sure the company would want to make it all right with you. Good Luck!!!
Try taking the shirt back to the store you bought it from. Explain the fuzzy thing problem. Most likely they will replace your shirt. Or call the custmer relations for PSUN. Until then only you have ripped yourself off. PSUN is a great company built on quailty.