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Post by daduke38 on Nov 26, 2014 18:48:26 GMT -5
Tell me why? Really starting to wonder about all this. Late decision to go to Piper J. Might not be a good thing. Yeah, I am being negative, but a third of his holdings?  Check out MNKD site. |
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Post by gwb on Nov 26, 2014 20:10:50 GMT -5
More than you want to understand !!!!!!!!!!!!!!!!!!!! on Rule 10b5-1.
media.mofo.com/files/Uploads/Images/FAQ10b51.pdf
Pasted a few sections below :
Do the Forms 4 and 5 filing requirements apply to trades made pursuant to a Rule 10b5-1 plan?
Yes. The Forms 4 and 5 filing requirements apply to trades made pursuant to a Rule 10b5-1 plan. It is advisable to specifically note on the Form 4 or 5 that the trades were made pursuant to a Rule 10b5-1 plan to ensure that investors or analysts monitoring sales by insiders will know that the trades do not represent a current investment decision by the insider.
Does Section 16(b) of the Exchange Act apply to trades made pursuant to a Rule 10b5-1 plan?
Yes. Officers, directors, and 10% shareholders utilizing Rule 10b5-1 plans should be careful about trading in violation of Section 16(b) of the Exchange Act. If such a person conducts a purchase and sale, in any order, within a six-month time frame and realizes a profit, then the profits must be disgorged to the issuer.
To avoid the appearance that insiders are engaging in abusive practices, companies should consider the following requirements for Rule 10b5-1 plans to be adopted by their directors, officers, and other employees:
Establishment of a Plan: Require company approval of any Rule 10b5-1 plan and permit plans to be established only during an open trading window to avoid the appearance of establishing a plan while in possession of material non-public information and to bolster the good faith element.
Waiting Period: Impose a mandatory waiting period between the establishment of a plan and the date the initial trade is made.
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Deleted
Deleted Member
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Post by Deleted on Nov 26, 2014 20:57:54 GMT -5
Juergens has been selling via 105b-1 for awhile. They all trigger at the end of months. Happened in September, October and now November so it's nothing new. Mr. Thompson is the VP currently going thru a divorce so his 105b-1 is set to liquidate a portion of his shares/options
In other words, it's disconerting but in the grand scheme of things no big deal. Imo of course
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Post by jpg on Nov 26, 2014 21:03:26 GMT -5
Juergens has been selling via 105b-1 for awhile. They all trigger at the end of months. Happened in September, October and now November so it's nothing new. Mr. Thompson is the VP currently going thru a divorce so his 105b-1 is set to liquidate a portion of his shares/options In other words, it's disconerting but in the grand scheme of things no big deal. Imo of course Not even certain it is disconcerting. If I had all my wealth in one stock and could cash in a million $ or so every once and a while (while getting more shares later...) I would be very tempted to set up one of these prearranged plans... JPG |
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Post by dreamboatcruise on Nov 26, 2014 21:28:02 GMT -5
And when they set these plans up they may well have anticipated that the share price would be much higher after the partnership announcement. I wonder if the SEC allows them to have a plan with a minimum sell price... i.e. one these particular dates I'll sell X shares if the price is Y or higher. That would be very useful info to investors to know what that price would be for some insiders.
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Post by ezrasfund on Nov 26, 2014 22:05:30 GMT -5
These sales by Martens and Thompson are routine and expected. Pfeffer's sales seem to be at certain price targets, and Al and Hakan never sell. Those are the 3 to watch.
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Post by daduke38 on Nov 27, 2014 1:16:22 GMT -5
More than you want to understand !!!!!!!!!!!!!!!!!!!! on Rule 10b5-1.
media.mofo.com/files/Uploads/Images/FAQ10b51.pdf
Pasted a few sections below :
Do the Forms 4 and 5 filing requirements apply to trades made pursuant to a Rule 10b5-1 plan?
Yes. The Forms 4 and 5 filing requirements apply to trades made pursuant to a Rule 10b5-1 plan. It is advisable to specifically note on the Form 4 or 5 that the trades were made pursuant to a Rule 10b5-1 plan to ensure that investors or analysts monitoring sales by insiders will know that the trades do not represent a current investment decision by the insider.
Does Section 16(b) of the Exchange Act apply to trades made pursuant to a Rule 10b5-1 plan?
Yes. Officers, directors, and 10% shareholders utilizing Rule 10b5-1 plans should be careful about trading in violation of Section 16(b) of the Exchange Act. If such a person conducts a purchase and sale, in any order, within a six-month time frame and realizes a profit, then the profits must be disgorged to the issuer.
To avoid the appearance that insiders are engaging in abusive practices, companies should consider the following requirements for Rule 10b5-1 plans to be adopted by their directors, officers, and other employees:
Establishment of a Plan: Require company approval of any Rule 10b5-1 plan and permit plans to be established only during an open trading window to avoid the appearance of establishing a plan while in possession of material non-public information and to bolster the good faith element.
Waiting Period: Impose a mandatory waiting period between the establishment of a plan and the date the initial trade is made.
Actually not more than I wanted to understand, so thank you! I appreciate you taking the time to pull all that up for me. It still seems like a lot of shares to cash out at any one time, but again thanks to all replies that explained it to me. A little holiday tension on my part ! |
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Post by waldemar on Nov 27, 2014 6:10:20 GMT -5
Referring to the above explanation, can we consider that insider trading may be used also as indication that no major news / announcements might be expected in the near future after the occurrence of the deals? I am asking this having in mind the approaching PJ conference.
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Post by 1 percenter on Nov 27, 2014 6:50:29 GMT -5
These sales by Martens and Thompson are routine and expected. Pfeffer's sales seem to be at certain price targets, and Al and Hakan never sell. Those are the 3 to watch. Man, I'll be really peeved when Al and Hakan start selling at $55! |
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