Of course, I would like to see insiders exercise and gobble up shares on the open market:)

You need money to buy options and shares. These guys aren't banks. If I asked you to come up with 1/4 or 1/2 million tomorrow to buy your options...

The options are above current price....

In reality, when insiders need money to buy options they sell shares, in this case the share price must be above the price of the options or what's the point.

You would see shares sold, and then options exercised

I don't think insiders believed this would go out this long...did they think the company would get bought out sooner and the options could get exercised during the process....

Well here we are, question is did they save up for their options ??