KLAC: Insider buying or Insider Option Eexercising (make them ready to sell)???
>> several KLA executives boosted their stakes in the
company by exercising options last November.
...
According to Gabele, four KLA insiders, including Chief
Executive Officer Jon Tompkins, exercised options on 35,549
shares, incorporating them into their underlying stock
positions, between October 30 and November 20 last year.
The options would not have expired until at least 2001.
Outside director Leo Chamberlain exercised non-qualified
options for 12,112 shares, incurring a tax liability, but did
not sell the shares, according to CDA/Investnet.
The lack of recent insider activity may be due to the
combination of available windows to sell and KLA's recent
purchase of privately held Amray Inc, a maker of scanning
electron microscope systems.
"We have relatively narrow windows of trading for
executives and we generally prohibit trades around any kind of
deals, and as you know we recently made a deal with Amray,"
said Roberta Emerson, vice president of corporate
communications at KLA.<<
I think if the insiders are really bullish with KLAC they don't need to exercise options, since these options are not aging to expire anytime soon.
I see these insiders did exercises their options for other reason: to sell their shares ASAP, since they "have relatively narrow windows of trading for executives"
I like KLAC, just think it's a bit too early to jump in now.
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