>>>Anybody care to guess what this is all about? I don't ever recall the company releasing a statement like this in the 5+ years I have been following SIMG.<<<
You must be having a Senior moment or two. Steve Tirado has done this in the past, not hiding anything, he buys (your know) he sells within a certain time frame (you know).
No big deal, hard to suit the company when they advertise they will be selling shares between certain dates he has no control over, once the order is placed. He may get a high price or he could catch a low. Part of his pay compensation that may be changed "not soon enough" for all CEO -etc. Last time he filed for this 10b5-1 was in excess of 100k shares.
I understand perfectly well what is going on. My interest is in the fact that in the 5+ years I have been following SIMG I have never seen them issue a press release such as the one announcing the planned exercise of the options.