Re: two Form 4's
in response to
by
posted on
Jul 03, 2012 10:49PM
Edit this title from the Fast Facts Section
" I suppose it will show up in insider tracking services as a purchase (even though it does not generate any cash), thus drawing more attention to MNKD."
Rak,I think you're right on that one...
$77.2M of MNKD bought by Alfred Mann on 06/27/2012
After the transaction, Mann Alfred E's stake was reported as 34,750,000 shares of Mannkind Corp stock.
As noted on July 3, 2012, Mann Alfred E's purchase was done indirectly through "by The Mann Group, LLC" over 1 transaction on June 27, 2012. The share price for the transaction was $2.47 according to the regulatory filing detailing the trade.
If we look over the past 12 months, Mann Alfred E has sold no shares of Mannkind Corp stock. Over the same time period, Mann Alfred E has purchased 31,250,000 shares of Mannkind Corp, with a total cost of $77,187,500.
Let's take a quick, high-level look at insider trading at Mannkind Corp over the past 12 months. A total of 12,000 shares of Mannkind Corp stock was sold by insiders, totaling $37,488. Over the same time 12 month time period, 31,305,412 shares of Mannkind Corp, for a total value of $77,299,089 were purchased by company insiders.
http://marketbrief.com/mnkd/form4/insider-trading/2012/7/3/9567129