XG Technology, Inc (XGTI)

[calbwt]

Do the insiders ever buy?

Almost all the form 4's ever filed by these guys carry footnotes saying "per employee incentive plan" or "as compensation for serving as a member of the board of directors". Has any insider ever actually bought xG stock? At least at market price?

I note Coleman's form 4 today shows he adopted a 10b5-1 plan on 9/23, acquired 42931 shares on 9/30 per the employee stock purchase plan, and then on 10/3 sold 42931 shares per the 10b5-1 plan he adopted on 9/23. But then, he was given another 21702 shares per the incentive plan. Shows confidence, huh?

And I note that Woodyatt dumped almost his entire position yesterday, and he did so pretty close to the high of the day. He knows what's coming.