Key Vringo (VRNG) Executives Sell Following Google Litigation Verdict

November 9, 2012 6:34 AM EST
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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.

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