Anyone notice the 2 insider purchases earlier this summer?
I was just checking through Federal Filings news for Identix
and saw the following:
Scullion BOT 1755 IDX @ 7.12 on 7/2/99, holdings @ 1755
John Bruce-Smith,VP, BOT 1148 @ 7.12 on 7/2/99, holdings @ 1148
Paul Bulger, officer, SOLD 2688 @ 7.12 on 7/2/99
Note that the low for IDX on 7/2/99 was 8.88, far from 7.12, so the purchases must have been exercising
stock options. My guess is that these were expiring options, since neither Scullion or Bruce-Smith have sold or registered to sell. What I don't understand is Bulger's sale of 2688 shares, also at 7.12, below the market. Anyone?
Also, anyone know who the Pieper Family Trust is?
The SEC filing shows them as "holder" or, "affiliated person".
FWIW, they registered to sell 40,000 shares on 8/13.
JL |
