officers options exercises I note tha two officers exercises their 7.50cad options and sold the shares received:
- Marty Rendall 40000 shares (sold 14.05, paid 7.50)
- Thomas HIll : 28000 shares (sold 13.95 paid 7.50)
Nice profit for them and still holding a good amount of shares.
What to think about it. I am more thinking is a "non-event" even if posting about it :-)
Indeed, I am not aure of the expiring date of the options but if it was closed, it make sense to exercise not and instead of committing more cash to own more shares, it makes sense to sell them.
Why selling and not keeping the shares when you believe in the Company would be the natural quesiton.
My answer : 1), diversification is important.. You work for a Company, try to mitigate the risk.. If thinks go bad, you lose on all fronts !
2) exercising the options means having the necessary cash to buy the shares. Not granted...
3) Not like they do not have a big chunk of shares : 168'000/80'000 shares and 214'667/96'667 options still owned.