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Hutchinson Technology Inc. Message Board

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  • smaycs4 smaycs4 Nov 8, 2011 2:46 AM Flag

    Form 4 filings - question

    They were buys. Bad wording in the form 4. It should have said the shares were purchased in multiple transactions at prices ranging from $1.53 to $1.56, inclusive.

    You can tell by comparing the amount of shares he owned on 4/30/10...38,324. Add the 34000 and his total is what it shows at 72,324 per the form 4.

    Im not inclined to read too much into these insider buys.

    Director VERHAGE owns $2.25 million worth of DCI where he sucked out total compensation last year of $1.723 million.

    His HTCH director fees alone are over $100k per year.
    So the $52,000 he spent last week could hardly be considered wildly bullish.

    His last purchase of HTCH was not timed very well.

    30-Apr-10 5,400 HTCH Purchase at $6.21 per share.
    (Cost of $33,534)

    Richard Penn boguht $46,500 worth but that pales in comparison to the $717,700 in total compensation he sucked out last year.

    The CFO bought 5000 shares. His total compensation last year was $303,900.

    These 3 buys are insignificant relative to the insiders financial resources. (Chump change)

    Still, they are better than a poke in the eye with a sharp stick.

    And its worth keeping an eye on to see if the insider buys continue by these and other insiders.

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