Hi all, just a question on reading these information about inside trading. From reuters.com under insider trading; what does it mean when they it shows a "buy" under type but with a price much lower than market price at that time, (for example: for SII, the guy bought 700 shares shares at a price of $28.13) does that mean he exercised a call option? Also does it also mean that he exercised and actually sold the shares at market? In addition, when it says gift, does that mean the insider gave some of his share position to another, probably at a agreed price between them but can it be seen as the insider technically getting rid of his positions? Any held would be greatly appreciated, thanks!
Do yourself a favor and forget about looking at Reuters. Try going to the SEC/Edgar website and looking at the actual Form 4's, and be sure to read the fine print.
Anyone with half a clue usually executes their insider trading in the options markets. The oversight there is a joke and you can get much more bang for your buck.
I think the OP meant Legal SEC reported insider trading. That is the VP or CEO buys or sells x number of shares and it is reported on the Form 4's and filed with the SEC versus illegal insider trading ala options and stock bought to trade off the inside knowledge of pending good or bad news.