Insider Info from DJNews:
To All:
As of 3/7/97, here's a summary of all "Insider" Selling:
1/30/97 - McAvoy, Edwin, Officer and Director, Open Market Sales.
2500 of his 298,497 shares @ $12.13 (still has PLENTY left over and therefore still has a vested interest in keeping the company stock price up).
1/29/97 - McAvoy, Edwin - 5,000 shares @ 12.63. Same guy - Stock sale looks more like he had big Xmas bills than fear that his company is going under.
1/29/97 - Derby, David, Director, Open Market Sales.
3750 shares @ 12.38, selling on stock option he exercised the same day.
1/22/97 - Inbar, Jacob, President.
7500 shares @ 12.56, selling only 10% of his stock option he exercised the same day. Still owns 1,132,227 shares.
Before 1/22, a total 89,000 shares were sold by Inbar (29,000), Tiberiu Mazilu, officer and director, open market sales (30,000 of his 767,000), and McAvoy (30,000) between 11/25 and 11/29/96.
So, take this news as you wish, but whatever they feared back on 11/25-29, it happened last quarter. No unusual selling has occurred in this Q thus far.
MPJ |
