I haven't heard back from IR yet, but according to the last 10-K, those options that Kruger exercised did expire on 2/28...so I'm not sure how he can exercise them on 5/6.
The stock was trading in the high 30s at the end of February. I suppose he could be willing to pay 40 cents if he thought he couldn't buy 175k shares in the market without driving the price way up.
I suppose it's bullish that Kruger is willing to pay 40 cents/share now. His average cost on all of his open market purchases (including the latest 2) is only about 22 cents/share.
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