DARA filings are for stock options issued not insider transactions.
DARA filings are for stock options issued not insider transactions. The foot-note says the number of stock options are spread over 5 years. So to answer mjstic22's post, no the filings are not for acquiring massive shares. But it gives insiders incentive to drive stock price up so they can get rich.
Wood you seem to miss the real point here that the market will not simply gleen over and dismiss and that is that the SEC form 4 is clearly an "insider Transaction Notification" . The Market will view this as a "Reported Transaction" and it's not a "Sale" thus it will be treated as "Buy" transaction. A transaction can be only one of two flavors here and since it's not a sale it will be viewed as insiders aquiring shares, not matter of the vehicle used to aquire, its an aquire and a ringing endorsement for the stock. It's not rocket science and the market will look at this as a possitive. Although you don't own a single share of DARA your posts are welcome.
Rights to stock is just as good as actual stock, so what's the difference? Did you happen to notice the the first installment vests immediately? And are you aware this is the second time in the last couple months that they granted themselves hundreds of thousands of shares of which the next instalent vests this month? Even with the remaining 4 year vesting schedule Drudtz, Clement, Toulsey, etc. own hundreds of thousands of shares as of today!
so basically I took it as they want to Buy couple of 375,000 400,000 shares but can't cough upfront the cash for it yet... to them the option to buy is as good as money in pocket when DARA start to run.