If management loaded up on stock or exercised the options right away, couldn't that be perceived as having acted on insider information? By structuring it this way, they legally lock in the price without running afoul of the SEC. They can then exercise the options once information is officially released to the world.
Please correct me if this possibility is off track.
Insider sec filings after hours friday. The BPAX filings show 3 words that come to my mind. CONFIDENCE, CONFIDENCE, CONFIDENCE by the insiders, no matter how you slice this cake...IMHO.