Amarin Corp Plc (AMRN)

[flubber]

@ ramfan60 & ralphey....stock options

The selling of held stock to accumulate more share options at a lower designated price is common practice. The sales may be for tax purposes, but I doubt it.

I used to see it happen all of the time in a defense publication I used to receive. It would say so-and-so VP at Lockheed, Raytheon, or whatever, would sell 5K shares at $100/share and then buy 20K shares at granted option price of $25.

This is standard operating procedure when executives decide to exercise granted options. No money out of their pocket and they pick up additional shares. That is part of their compensation that was voted to them.

Forgive me if my knowledge of tax law is not up to snuff, but they would then pay any necessary capital gains tax at tax time on the proceeds of the 5K shares. Taxes would not be applicable on the newly bought shares until they are sold at a later date, their cost basis being the option price that was granted to the executive.

Cheers!
Flubber