Brian,

He paid $26,000 out of his 1.5 million compensation to made this purchase. If CLL shares move to $1.6 and he is lucky to sell them before SP slide after the Q1/2011 report, he will make about $5000. This is about 0.3 % of his compensation. He makes 100 X more on the low price options.

It is obvious that his purchase was a gesture towards shareholders before the Special Meeting on May 17.

In 2007 Board pass the resolution pushing directors to own CLL equity at least three times their annual retainer. In 2010 to avoid embarrassment The Board Eliminated this requirement for Executive officers.