e.Digital Corporation (fka EDIG)

[Duke of Prunes]

A Cashless Transaction?
It is possible (but not likely) that this might have been a cashless transaction. I suppose a comparable sale would have to be reported eventually if this were the case.
For those not familiar with the transaction, the stock options are used as collateral to float a margin loan. This loan is used to fund the stock purchase at the exercise price. The stock is then sold; either immediately or shortly thereafter. The sales proceeds are used to pay off the margin debt, cover any expenses associated with the transaction and to pay any withholding taxes on the profit. Anything left over is paid to the former option holder.
My gut tells me that Robert is holding on to his shares. Should this be the case...it bodes well for us all.
DoP