Good point. Appears Ginn's 500k SGR sale (April 1st) is from the 650k shs exercise (and kept the remaining 150k shs).
| Date |
Insider |
Shares |
Transaction |
Value |
|
| 4/1/10 |
Ginn, Dale,
Director of Issuer |
-500,000 |
Acquisition or disposition in the public market at $3.15 - $3.15 per share. |
$-1,575,000 |
| 4/1/10 |
Ginn, Dale,
Director of Issuer |
650,000 |
Exercise of options at $0.38 - $0.38 per share. |
$247,000 |
| 3/17/10 |
Ginn, Dale,
Director of Issuer |
-30,000 |
Acquisition or disposition in the public market at $3.32 - $3.32 per share. |
$-99,600 |
|
Often they will sell short to raise the funds to do the conversion. They are mortals just like you and I and often do not have liquidity to play the stock market. I would guess that the sale on March 17th was a short sale and we probably would have seen him sell some more shares short if the market hadn't of tanked. Most of the others got out north of $3.28. Dale still has 120,000 and Gestur still has 100,000, it remains to be seen if they plan on keeping them.
