I wouldn't read too much into it. Pick one or more of the following possibilities or facts:
1. Company fundamentals are extremely strong.
2. Pre Christmas gathering of the acorns previously squirreled away so that they could be used to buy the wife a new fur coat.
3. Window of opportunity existed for English between SEC mandated silent periods
4. English watched a Rukhuyser show recommending diversification of one's portfolio.
5. Excercised previously granted stock options and sold some to pay for them. Either voluntary (felt like it) or involuntary (had to) - old options due to expire in the next year if unexercised.
Annual Report shows Direct # of shares owned @ 274,764 with additional options for 58,500 and indirect holdings of 3,297,636 (Deferral Plan - Aggregate of all Participating Directors [who do you think has the lion's share?])plus 3,294,843 shares as trustee of the Andrew Profit Sharing Plan (who do you think has the lion's share of that pot?)
It would appear that English retains such a significant interest in the company that his sale of 100,000+ shares should not be of too much concern. Course I wouldn't want to see that repeated over and over again together with registrations, for sale, by the profit sharing plan and deferred plan. Don't think that will happen though.
Though it doesn't seem to be working right now, you might be interested in the following URL - stocksmart.com
click on company catalog (or any of the other interesting areas)
Al
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