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AMCOL International Corporation Message Board

  • steve.helton steve.helton Mar 18, 2008 1:37 PM Flag

    Insider Sales - Nothing new

    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.

    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.

    Amcol is based in Arlington Heights, Ill.