Hyperdynamics Corp (HDYNQ)

[gpg]

It seems that Mr. Palmer exercised options for over 66,000 shares of stock. To do this he outlayed $1.06 a share (close to $70,000) This type of transaction is usually what I see when officers of a company exercise options. They overall increase the total number of shares they hold, but they do sell a portion of the shares acquired when the options are exercised in order to cover their cost and pay their taxes. This appears to be what Mr. Palmer is doing here. He simply sold enough of the shares acquired to cover the cost to exercise and pay his taxes.