RE:RE:RE:Concordia Director sells 100,000 shares on Dec 29.Scrugg and Argentia. After doing a search on SEDI for Kupinsky, I noticed that the 2015-11-19 of 100,000 shares was not a purchse on the public market but was an exercise of options at $3.00USD. (Probably awarded to him from the Mercari days.) Because he exercised these options in November, Kupinsky would have had to report a taxable employment benefit in 2015, so he would have to pay taxes on the benefit by which the FMV of the shares at the time the option is exercised exceed the option price of the shares. So as I see it, this set him up to pay a large tax bill on this taxable benefit based on his 2015 income - but that is less than taxes would have been on his 2016 income. A lot of maneauvering going on now where everyone wants to load up our 2015 income as tax rules are less favorable in 2016.
Also of interest - Ackman Pershing Square disposed of $5 million Valeant shares, supposedly for tax loss reasons but if that were true, it will be interesting to see if he buys them back after 30 days.
HAPPY NEW YEAR TO ALL!