Spectrum Pharmaceutecals Inc (SPPI)

[EricHN]

He exercised 362,926 options and transferred them to his family trust. Note that this is the same CS Family Trust where he did all his recent selling. Maybe that's not a big deal or maybe it means he's planning another big round of selling. I don't know if he will still be subject to Rule 10b5-1 once he's voted off the board. I imagine not, which means he won't have to publicly declare any sales like he did with his recent million shares. All that being said, I don't think we should worry too terribly much about his selling activity. He's only partially cashing out - as are Raymond Cohen and Stuart Krassner. They all still have plenty of shares to sell in a year or more if (when!) share price is even higher. Plus, I'm not convinced his 30,000 a day had too much of an effect on price.

Nevertheless, I don't like seeing insider selling and it sickens me thinking about how many millions Raj has pocketed over the years.