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Corrections Corporation of America Message Board

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  • pcbondsman pcbondsman Nov 25, 1998 4:02 PM Flag

    INSIDER ALERT_ PRESIDENT SELLING OVER 20

    You tried this same BS on the CCA board be
    totally truthful or go away.

    My response to
    bslg211 on the CCA board. Posted 23 Nov 98. Msg
    #2681.

    Correct me if I'm wrong but, Myers also exercised options
    for 84,000 shares at prices between 1.94 and 5.69.
    Using the median of these to figures(I don't have
    anything more definative), they cost him roughly $315K.
    Interesting that the proceedes from the 20,610 he sold came
    to $387,673.00. So he only put ~$72,672.00 less
    brokerage fees in his pocket. Looks to me like he just
    needed some walking around money. Or -- just maybe that
    will cover his taxes on the whole deal. (Last sentence
    added today.)

    BTW if my calculations and Yahoo's
    numbers are correct he still owns 97k+ shares. Not
    exactly a bail out IMO.

 
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