This is nothing new for Amcol, but it would still be nice if these guys kept some of the shares. In this filing, Gary Morrison was able to pocket almost $1,000,000 before taxes. I could see selling 1/2 or so, but at these price levels you might think he would keep some.
AP Amcol Vice President Exercises Options Tuesday March 18, 12:29 pm ET Amcol Vice President Morrison Exercises Options for 25,000 Shares
NEW YORK (AP) -- A vice president with Amcol International Corp. exercised options for 25,0000 shares of common stock, according to a Securities and Exchange Commission filing Monday. In a Form 4 filed with the SEC, Gary Morrison reported he exercised options for the shares Thursday for $1.57 apiece and then sold all of them the same day for $30.36 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.