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DewDiligence

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DewDiligence

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Re: None

Wednesday, 10/03/2012 2:49:34 PM

Wednesday, October 03, 2012 2:49:34 PM

Post# of 103
AGN’s head of R&D, Scott Whitcup, exercised and sold $560K worth of stock at $92.70 on 10/1/12:

http://www.sec.gov/Archives/edgar/data/850693/000112760212028035/xslF345X03/form4.xml

Inasmuch as the exercised options were due to expire in Jan 2013 and selling in 2012 may reduce capital-gains taxes, I don’t consider this transaction bearish.

Whitcup still owns about $2M of AGN stock.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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Volume:
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  • 6M
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