leaving the question of blackout existence aside, it doesn't bother me that he exercised before expiry, of course that makes sense. it bothers me enormously that he would thereafter sell IMMEDIATELY, for what? $45k net after tax? $45k for a man who's base salary is HOW MUCH? a quarter-million dollars a year. or more. for the last how many years? he's a MULTI-MILLIONAIRE just on his salary alone, or should be, but he suddenly NEEDS a puny forty thousand? this is imo NOT acceptable behaviour for someone who has the privilege to sit on the board of directors. they should vote to strip his board seat for conduct unbecoming an (executive) officer. he should have exercised and HELD. THAT would have been the sort of vote of confidence that a LEADER demonstrates. what a douchebag. R.