Reza and Dr. Dan - Both are highly informative and Factual...
Is anyone else having a hard time finding the amount of shares Jack Lief, the CEO, actually owns. It appears to be -0- or close to it since all insiders together only own 0.53% of the company according to the latest report. So when I hear that Jack Lief hasn't sold a single share since founding the company, I have to wonder why he hasn't bought a significant amount instead of owning so very little. Is this another one of those no cash/free stock options for executives type company?
A further inspection of Insider Ownership and Insider Transactions show a plethora of stockoption exercises by officers at well under $2.00 with immediate sales up to $11.00/share, the latest transaction occurring 9-30-12. A total of 166,665 shares have been unloaded by officers in the past 12 months. A total of -0- shares have been purchased by officers during this same time period. Why do insiders not have their own cash on the line @ ARNA?
All of your information is not correct. Here is what you will find in secform4 website for Jack Lief
Direct Shares Ownership for Jack Lief (President and CEO)
From Last Transaction Reported Date = 8/27/2008
Shares Ownership = 526,810 Shares
Options and Option awards for Jack Lief (President and CEO)
Total Exercisable Cost for all awarded options = $9,767,054
Total Shares that may be Exercisable = 2,069,100 Shares
Average Exercisable Price = $4.72 a Share