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Thread: Recent insider acquires

  1. #1
    imromo24 is offline
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    Recent insider acquires

    I didn't see anyone post anything about the Directors acquiring shares.

    It was filed on my ameritrade sec filings. It shows each director acquiring 850,237 shares each.

    Was this part of them being approved by the shareholder vote?

  2. #2
    winagain35 is offline
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    Those shares were not acquired... they were awarded. It's part of the directors' compensation.

  3. #3
    Siriusowner is offline
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    Quote Originally Posted by imromo24 View Post
    I didn't see anyone post anything about the Directors acquiring shares.

    It was filed on my ameritrade sec filings. It shows each director acquiring 850,237 shares each.

    Was this part of them being approved by the shareholder vote?
    Most likely excersising stock options or stock awards, what is the date the transactions were performed ? I can not find them anywhere, yet.
    Last edited by Siriusowner; 01-05-2009 at 11:09 PM.

  4. #4
    winagain35 is offline
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    Quote Originally Posted by Siriusowner View Post
    Most likely excersising stock options or stock awards, what is the date the transactions were performed ? I can not find them anywhere, yet.
    I'm looking for the form 4s, but I believe they were options with a .14 strike price and they're divided into four different expiration dates beginning next December and ending in 2012.

  5. #5
    TSavery is offline
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    Awarded

    Directors who are not employed by the company get compensated for their service in the amount of $120,000 between cash and shares. It looks like their compensation this year was all in shares
    Tyler Savery
    Satellite Standard Founder

  6. #6
    Siriusowner is offline
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    Quote Originally Posted by TSavery View Post
    Directors who are not employed by the company get compensated for their service in the amount of $120,000 between cash and shares. It looks like their compensation this year was all in shares
    They really got screwed ! Well, they deserved them.

  7. #7
    imromo24 is offline
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    They were posted 12-23 on ameritrade. The transaction date was 12-18 which I thought was also the shareholder meeting date.

    There was something about them blocked off in 4 chunks over the next 4 years like you said.

  8. #8
    J56D is offline
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    1) Options vest as follows: 212,560 - 12/18/2009; 212,559 - 12/18/2010; 212,559 - 12/18/2011 and 212,559 - 12/18/2012




    At the stockholders meeting Mel said that a lot of the insider selling was done to pay the taxes on the shares that were given as bonuses or as part of a salary. I would expect this to happen again.

  9. Ad Fairy Senior Member

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