he was given 350,000 shares exercisable at $4.29 until 2025...why would he buy stock at $4.77
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock option (right to buy) $4.29 7/28/2015 A 350000 (1) 7/28/2025 Common Stock 350000 $0 350000 D
The above was taken from the comments section of the Form 4...and by the way..I am long the stock I just hate the free shares and Bs that insiders here and at many companies abuse
In addition, he sold 50,000 shares between $3.95-$4.50 upto June...so now he is buying at $4.77....not likley
options have a strike price which in most company awards is pennies to nothing. He sold the stock at $4.77...he misfiled the form 4
Explanation of Responses:
( 1) The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.76 to $4.77. The reporting person undertakes to provide upon request by the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission full information regarding the number of shares sold at each separate price.
Im not misrepresenting anything...the "purchase" came through the exercise of options not open mkt purchase. Osrow has had an automatic stock sale program in place since last year and has been selling all year. He was given over 110,000 shares plus options...he is not buying stock he exercised and sold stock which first comes across as a purchase. Those are just the facts.
Form 4 is SEC change in ownership which is required by corporate insiders to file two business days after changes in insider ownership through the purchase or sale of stock or through the exercise of derivatives like options and warrants. It follows any Form 3 registrations and is mandatory. There you go High return
he acquired the shares by exercising options then he sold them. he has been selling stock all year long......
he is a seller when ever chance he gets
You are seeing Unicorns and pink elephants if you believe this is a material deal for Remark. They have agreed to assist in marketing for Lyft in Vegas and to help them with public relations....Lyft would partner with anyone in the travel industry that could help spread the word....
all smoke and mirrors
Whatts App was valued at $42 per user when facebook bought them. Viggle's user base is worth at least half that or $20 per user. That implies a $200 million valuation. Stock way undervalued
I do my own research. Viggle is a speculative company that very well could go bankrupt but its huge user base and point system entertainment concepts make it an interesting bet. The stock was just$1.70 post earnings in september it has a great deal of potential. Im not paid by anyone but myself. I have been wrong on Viggle but believe that shorts (44% of float) and end of year tax selling is artificially killing stock.