Transcept Pharmaceuticals Inc (TSPT)

[zambono]

S 2011-12-05 2011-12-05 19:50:38 Transcept Pharmaceuticals Inc TSPT Singh Nikhilesh N officer (SVP & Chief Scientific Officer) 36,709 $7.59 $278,621.00 0 view
S 2011-12-05 2011-12-05 19:50:38 Transcept Pharmaceuticals Inc TSPT Singh Nikhilesh N officer (SVP & Chief Scientific Officer) 13,237 $7.59 $100,469.00 1,554 view
S 2011-12-01 2011-12-05 19:50:08 Transcept Pharmaceuticals Inc TSPT Soloway Thomas P officer (SVP, Operations and CFO) 37,520 $8.57 $321,438.00 0 view
S 2011-12-01 2011-12-05 19:50:08 Transcept Pharmaceuticals Inc TSPT Soloway Thomas P officer (SVP, Operations and CFO) 25,150 $8.23 $207,047.00 0 view
S 2011-12-01 2011-12-05 19:49:28 Transcept Pharmaceuticals Inc TSPT Kennedy Joseph T officer (VP and General Counsel) 56,666 $8.23 $466,503.00 0 view
S 2011-12-01 2011-12-05 19:49:28 Transcept Pharmaceuticals Inc TSPT Kennedy Joseph T officer (VP and General Counsel) 4,150 $8.23 $34,164.90 0 view
S 2011-11-23 2011-11-28 16:31:17 Transcept Pharmaceuticals Inc TSPT Soloway Thomas P officer (SVP, Operations and CFO) 13,600 $7.86 $106,964.00 0 view
S 2011-11-23 2011-11-28 16:31:14 Transcept Pharmaceuticals Inc TSPT Kennedy Joseph T officer (VP and General Counsel) 34,600 $7.86 $272,129.00 0 view


clearly you can't sell any shares if you have 0, like this link states: http://www.insidercow.com/history/company.jsp?company=tspt&B1=Search!

so its safe to assume they have a lot more shares and sold some of them. Or like many they knew there was a bunch of shorters and decided to sell to buy in the near future. I would have done the same, they were all options given upon approval anyhow.