Novartis Stock" RTBKPL

[RTBKPL]

For the record and for those of us who have to sell our stock within 90 days from date of termination I thought I would post the following:

12/23/10 DATAR SRIKANT M 2,000 Planned Sale $117,564.00
10/12/10 EPSTEIN DAVID R 5,084 Planned Sale $299,956.00
09/24/10 FISHMAN MARK C 25,000 Planned Sale $1.44 M

The above three INSIDERS had planned sales of stock as indicated. While in the last 12 months the insider sales of stock has been valued at about 2 million, the insider purchases appear to be slightly in excess of 5 million. The recent activity has been on the up side. It is approaching the 12 month high once again. FYI.

Never let the bastards get you down.

RTBKPL

 

[Anonymous]

Thanks! You are a good man! I sold mine yesterday.

 

[Anonymous]

I have a target price of 65 - 66 area, probably 2nd qtr....will let some go there.

 

[Anonymous]

For the record and for those of us who have to sell our stock within 90 days from date of termination I thought I would post the following:

I'll assume you mean actual stock and not SARs, nonqualified options, or tradable options because you stated "have to sell our stock within 90 days".

If prior to termination, you vested in the restricted stock, the stock was rolled to a brokerage account at Fidelity and you own these shares outright or you already sold them in a cashless sale shortly after vesting.

You do not have to sell shares that you own in your brokerage account.

And I quote from the "Novartis Stock Incentive Plan Termination Matrix" available at the Fidelity website:
"Restricted Stock Awards granted 2/4/04 and later and Restricted Stock Units granted 1/11/08 and later:
Unvested awards forfeited and cancelled as of termination date.
Restricted stock, once vested, is owned by the associate regardless of the terms under which he/she may leave the company.
Restricted stock units (RSUs) are converted into shares of Novartis stock (ADSs) at vesting; the shares received are owned by the associate regardless of the terms under which he/she may leave the company."

Glad I took stock instead of essentially worthless options.

This stock is going to rise after the massive cost savings of terminating 1400 people.

 

[Anonymous]

I agree on the stock over options thing to this point. I have alternated each year (8 yrs) and the 09 award of options is paying off handsomely due to the depressed stock price - larger # options at a lower strike price - it has almost doubled in value. Otherwise, the relevant value of the options has sucked because the strike is usually in the high 50's and this stock has gone nowhere for many years. My only hope is that over the lifespan of the options we see a big uptick in share price - once they are in the money the value increases exponentially.