Blatent Insider Trading

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Anonymous

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Anonymous said:
3 Vertex executives/directors exercised options and sold shares on June 24th at $98.03, just a couple of hours after the CF Phase 3 data was released. How is this legal?!??!?!?

People need to file a complaint with the SEC. I already did...


http://www.sec.gov/Archives/edgar/data/875320/000120919114043889/xslF345X03/doc4.xml

http://www.sec.gov/Archives/edgar/data/875320/000120919114043878/xslF345X03/doc4.xml

http://www.sec.gov/Archives/edgar/data/875320/000120919114043875/xslF345X03/doc4.xml
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Uh, what cave have you crawled out of? Like, Yesterday's news?????
 






They almost certainly have 10b-5 plans set up. These are automatic stock sale plans that trigger sale based on prespecified dates or prices. Under the blackout, they were not permitted to modify existing plans or set up new ones.
 






Selling shares or exercising options after the stock rose and the information is public is not insider trading.

Insider trading is generally purchasing stock at a low price based on information that is not in the public domain, then profiting from the stock price increase after the information becomes public.
 






Anonymous said:
Selling shares or exercising options after the stock rose and the information is public is not insider trading.

Insider trading is generally purchasing stock at a low price based on information that is not in the public domain, then profiting from the stock price increase after the information becomes public.
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Clearly written by one of the monkeys in legal
 






Anonymous said:
Clearly written by one of the monkeys in legal
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Must have been somebody in legal.

Amazing how these execs get away with anything. Let's ban all Vertex employees from selling stock for a few weeks, except the top 5 or 10 execs! And when everbody else is banned from selling, 3 execs unload millions of dollars worth of stock close to $100/share. And that's the way they roll!
 






I'm a Ph.D. scientist, not in Legal. I was a senior executive at another company, so I understand the rules on insider trading, and when executives are told that there is a moratorium on trading until information we know is in the public domain.
 












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