Did anyone notice the SEC filings from today. Over 1/2 million shares ACQUIRED through options exercise at price above the current market. Now, I realize Insider buying is not a perfect indicator. However, when you've got them acquiring these many shares at these prices I'd say it's a pretty positive sign. Take it from someone who's been involved in & out (currently in) on this stock for well over a decade and wondered if insiders would EVER buy shares.
Teresa Wingrove – VP of Regulatory Affairs – Exercised option to ACQUIRE 20,000 shares at $15.20 on 07/22/2011
Peter Williams – VP of Business Development – Exercised option to ACQUIRE 50,000 shares at $15.20 on 07/22/2011
Craig Barrows – VP, General Counsel – Exercised option to ACQUIRE 55,000 shares at $15.20 on 07/22/2011
Greg Perry – Chief Financial Officer – Exercised option to ACQUIRE 100,000 shares at $15.20 on 07/22/2011
James O’Leary – VP - Exercised option to ACQUIRE 65,000 shares at $15.20 on 07/22/2011
John Lambert – Executive VP - Exercised option to ACQUIRE 100,000 shares at $15.20 on 07/22/2011
Daniel Junius – CEO - Exercised option to ACQUIRE 180,000 shares at $15.20 on 07/22/2011
Please take the time to reread the SEC filings! They are OPTIONS to buy those shares at that price between 7/22/2012 and 7/22/2021...not now...nobody bought anything! I take that back, I bought another chunk this morning.
Yep, those are just stock option grants to their employees. They get a strike price with 10 years to exercise. I'm guessing they mature in 3 years, perhaps 1/3 of them each year. Good incentive to work hard and get the stock price up so they will be in the money someday.
Nice notice. I saw the filings to transact but didn't scrutinize them figuring they were the usual officers selling their usual amounts. Buying...and above $15 tells me that anything south of that price is a bargain. I picked up 2000 shares this AM when it plunged to 14.02.