H.G., between 6-23 and 7-25, paid about as much for exercising his options as he got back for selling his shares. He took in $107K and spent $110K. This does not include taxes which he will also have to pay. His argument is that he simply paid for his fifteen thousand shares(options) by selling just enough shares(4256, which is an odd number in itself) to cover his expenses In addition he exercised his options on another 5K shares on 8-5 costing him $33K and he has not sold any more shares to date. I find it hard to see how this could be construed as insider trading.IMO the most serious effect of Nok's accusations is the issue of how H.G. can respond to a deal with Nok while they are making every effort to put him in jail. I also still can not see how this is any of Nok's business. I also still feel that there is a legal question as to whether Nok can "negotiate" in this fashion.
2003-07-25 GOLDBERG, HOWARD E.
Chief Executive Officer 5,000 Option Exercise at $6.625 per share.
(Cost of $33,125)
2003-07-25 GOLDBERG, HOWARD E.
Chief Executive Officer *522 Acquisition (Non Open Market) at $0 per share.
2003-07-07 GOLDBERG, HOWARD E.
Director 4,256 Planned Sale
(Estimated proceeds of $104,272)
2003-07-07 GOLDBERG, HOWARD E.
Chief Executive Officer *516 Acquisition (Non Open Market) at $0 per share.
2003-07-07 GOLDBERG, HOWARD E.
Chief Executive Officer 4,256 Sale at $25.02 - $25.1 per share.
(Proceeds of about $107,000)
2003-06-23 GOLDBERG, HOWARD E.
Chief Executive Officer *516 Acquisition (Non Open Market) at $0 per share.
2003-06-23 GOLDBERG, HOWARD E.
Chief Executive Officer 10,000 Option Exercise at $7.6875 per share.
(Cost of $76,875)
