Key Vringo (VRNG) Executives Sell Following Google Litigation Verdict
Tweet
Share
E-mailGet Alerts VRNG Hot Sheet
Join SI Premium – FREE
Vringo (AMEX: VRNG) shares are lower today ahead of the opening bell, as several key executives once again made some insider transactions recently.
According to several Form 4 filings with the U.S. SEC late Thursday night, the following moves were all made on November 6th:
* CEO Andrew Perlman exercised an option to acquire 4,000 shares at 96 cents per share, sold an aggregate 5,500 shares for prices averaging $4.2348 per share;
* COO Alexander Berger sold 12,828 shares held by ARB-A Investments Trust at $4.2275 per share;
* CTO Andrew Lang sold 23,058 shares held by Innovation Spring LLC for $4.2471 per share;
* CFO Ellen Cohl exercised an option to acquire 1,346 shares at 1 cent per share, selling the lot for $4.25 per share;
* Director John Engelman sold 2,173 shares at $4.2151; and
* Director Seth Siegel sold 4,421 shares at $4.1973.
The sales came on the same day the jury made a decision in the Vringo/Google patent trial, which found Vringo awarded over $30 million and a running royalty rate of 3.5 percent over the next few years.
Shares aredown 4 percent in early trading Friday.
According to several Form 4 filings with the U.S. SEC late Thursday night, the following moves were all made on November 6th:
* CEO Andrew Perlman exercised an option to acquire 4,000 shares at 96 cents per share, sold an aggregate 5,500 shares for prices averaging $4.2348 per share;
* COO Alexander Berger sold 12,828 shares held by ARB-A Investments Trust at $4.2275 per share;
* CTO Andrew Lang sold 23,058 shares held by Innovation Spring LLC for $4.2471 per share;
* CFO Ellen Cohl exercised an option to acquire 1,346 shares at 1 cent per share, selling the lot for $4.25 per share;
* Director John Engelman sold 2,173 shares at $4.2151; and
* Director Seth Siegel sold 4,421 shares at $4.1973.
The sales came on the same day the jury made a decision in the Vringo/Google patent trial, which found Vringo awarded over $30 million and a running royalty rate of 3.5 percent over the next few years.
Shares aredown 4 percent in early trading Friday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fisker (FSR) files form 10-K, sees more job cuts, reiterates going concern doubts
- Neo-Concept International Group Holdings (NCI) Prices 2.32M Share IPO at $4/sh
- Vertex (VERX) Reports Prelim Q1 Results
Create E-mail Alert Related Categories
Insider Trades, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
