TITAN PHARMACEUTICAL (TTP) Message Board

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Biotech / Medical : TITAN PHARMACEUTICAL (TTP)

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From: Icebrg	10/4/2005 6:15:20 PM
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Richard C Allen, Executive Vice President and an employee since 1995, was granted 57.906 options to buy shares in Titan on October 3, 2005. These options vested immediately and expired on October, 11 2005. Not much time to decide what to do in this case. The exercise price is 1,35 - somewhat below the market. What did he do?. Well, for whatever reason he exercised and, it seems, kept the shares. After this transaction he holds 88,288 shares in Titan. Interesting to see that he paid 78.000 USD to the company and kept the shares. It appears as if he might see something positive in the future. Judging from past performance this share price has only one way to go and that is down. Erik

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