It’s taking place from the inside, the kind of trading that gets reported to the Securities and Exchange Commission. A big chunk of the report on changes in ownership was a distribution to members of the board of directors.
However, there were also three separate block sales from one of the company’s executives.
Five directors all received 13,736 share at $3.64/per, a total value of $50,000 minus a penny.
Here are the directors and their total shares after receiving the distribution:
Brian C. McNeill, 878,654 shares
Terry L. Jones, 591,986 shares
Geoffrey D. Armstrong, 243,515 shares
Ronald Blaylock, 147,705 shares
Dennis Miller, 49 034 shares
Meanwhile, EVP/CFO Peter Thompson was selling shares, 120,700 in all.
He divested:
16,000 at $3.58 per, a total of $57,280
43,418 at $3.57 per, a total of $155,002.26
40,582 at $3.55 per, a total of $144,066.10
20,700 at $3.65 per, a total of $75,555
The grand total of the divestitures was $431,903.36.
