RE:RE:RE:RE:When The CEO ExercisesAm not 100% sure as I don´t know the exact legal rules on option purchases but if converting an option is considered the same as buying a share I don´t think he would be allowed to exercise his option to convert at the moment as that would be tantamount to insider trading as he is almost certainly privy to price sensitive information at present.
You could, in that case, argue that if he had converted his options that that would indeed be a bad sign as it would imply that the company did not have any price sensitive info to hand ie. possible sales figures, manufacturing partners etc.etc.
Whichever way you look at it non-conversion of the options at the moment is in no way a negative sign whereas the pricing of the options at 7.47 ( when they could easily have chosen a much lower figure) is most definately a very positive sign .