Stratex Networks, Inc. (STXN) Message Board

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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: fred333 who wrote (1716)	1/2/2007 11:19:42 AM
From: Rob Preuss	of 1762

Stratex Networks CFO Exercises Options SYNOPSIS: Last Wednesday & Thursday, Carl Thomsen (CFO) exercised options for over 62,000 shares at a strike price of $2.01/share and then immediately sold all these shares on the market at prices between $4.93/share and $5.00/share. Thus, he pocketed over $180,000 in (short-term?) capital gains. IMHO, this action does not express confidence in the post-merger prospects for this company. Tuesday January 2, 10:34 am ET Stratex Networks Chief Financial Officer Carl Thomsen Exercises Options for 62,116 Shares NEW YORK (AP) -- The chief financial officer of Stratex Networks Inc., maker of digital microwave radios used in wireless communications, exercised options for 62,116 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Friday. In a Form 4 filed with the SEC, Carl Thomsen reported he exercised the shares last Wednesday and Thursday for $2.01 apiece and then sold all of them the same days for $4.93 to $5 apiece. The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information. Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction. Stratex is based in San Jose, Calif.

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