December 27, 2012 6-K Filing Regarding Purchase of GigaMedia Shares by CEO Collin Hwang
The company has been informed by its Chief Executive Officer Collin Hwang that he purchased a total of 961,200 shares of GigaMedia stock at an average price of $0.96 during the week of December 17, 2012. The purchases were made during an open window period and in full compliance with all company and legal guidelines. Mr. Hwang indicated his decision to purchase shares reflects his firm belief that the company’s shares are undervalued.
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