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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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From: Icebrg12/13/2007 4:45:29 PM
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Charles Homcy, Director, exercised an option to buy 59.238 shares @ 6,49 and immediately sold them for 15,808. Not too bad.

As far as exercising I have no complaints. The options were expiring February, 27 next year. As for the selling, he blames his trading plan.

Strange plan, if you ask me. He only holds 64,514 shares. If this was indeed pre-planned, he cannot have had too high an opinion on MLNM's future.

Erik
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