Looks like another hurricane heading for Florida. It really sucks investing in a company whos stock price will get devastated and equal amount as its fab if a hurricane hits anywhere close.
How long until Halloween?
selling sessions, over many months,
to ensure the SEC would not come
down on him for "timing" the sales.
If he did this, then he has no choice
of the price of that day. But he avoids
any accusations of insider trading.
XB, I think this is the latest public info - 1881K options and 1284 shares, as of March.
The fact that the 1284 shares matches the recent filing makes me wonder if the 210K options outstanding now is also correct - with a big bunch having expired.
XB, I go along with that point of view, which applies to everyone, by the way.
On checking further, I suspect it was a misprint as the Def14A has him owning a lot more, counting options, than just 211K.
<<I think you left off a few zeros in your amount of shares Beyer still owns.>>
It's certainly possible my numbers were off. I got them here and didn't recheck:
I'm not sure that it's an issue -- that's why I didn't headline the message "Beyer Beware!!!" ;)
The signal from Lou may be a more meaningful one, though I think insider buys generally give clearer messages than insider selling. There can be more reasons for selling than buying, ranging from being cautious about accumulating too much company stock or perhaps being clued in that they will be increasing his option package to the ever-popular "new house" that people always refer to when insiders sell. I simply don't know the reason.
He is long a whopping 1,284 shares. Note also that unless that option was about to expire, he looks like he is sacrificing time value to run off with a pretty modest profit. He does have 210K worth of options left.
I am beginning to think that owning any ISIL is owning way too much.
<<Beyer selling 50k shares.
He exercises options at 14.25 and sells stock a 20.09.
He is telling you he has no confidence in ISIL by taking his 6 bucks and running :-)>>
Looks like a good news/bad news story to me.
The bad news is that Beyer exercised and sold 50,000 shares, suggesting "take the money and run" more than "this is going higher so I'm holding"
The good news is that apparently he's still holding 1,284 shares, which may be more than some people on this message board hold. That shows at least some confidence in the future of ISIL, though probably more confidence that he'll keep getting a new supply of options dished out to him. It also means ISIL will probably be active in its share repurchase plan buying back shares to counterbalance the increased share count generated by the options plan.
Netting it all out, it's probably more an instance of business as usual than a newsworthy unloading of shares. If selling rather than holding is simply part of their routine, it has less forecasting value -- except for the part about their expecting a refill on their options.