Looks like an internal transfer to a limited partner. WP does that as they did with Janeway after he "founded" and was "sole" shareholder of BEA, now owned by Oracle. Janeway banked $6bn or so on that deal. BUT BUT BUT -- Krammer would find this to be a BIG mistake by Mr Janeway. Janeway is our biggest threat to keep NUAN from getting to 100. He and his cronies will buy it up, privatize, before it gets above 30 or so, and most holders whom have suffered through the 10's and 20's runup/down will be glad to sell in the 20's. NUAN is being sandbagged, imo, so a few insiders can get the Company, once traction has been established. That shares are being distributed to Limited Partners may indicate the next leg is upon us, or at least they think it is. Janeway is in a separate league when it comes to this stuff, especially emerging tech. While some of the amateurs are whinning about exec pay, he is loading his wagon for the big haul!!! He's the one, and those like him, who buy the large quantities "off market" under preplanned agreements that don't affect the open market dynamics. imho The Marketing Exec pay news is a result of some lightening up on options he was holding is my guess. Janeway probably bought those as well. This things going to 100 is not the issue. The issue is when do we get "kicked" out??
Bill Janeway is both a director at NUAN and a division head in IT a Warburg Pincus.
He choose stock perhaps as compensation. More than the total (stock, bonus, stock sales) that NUAN Marketing mangers compensation.