Wednesday’s Insider Report: CPPIB sells over $500-million from this high-flying stock

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Wednesday’s Insider Report: CPPIB sells over $500-million from this high-flying stock
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A look at recent notable transactions

Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.

The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts. Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company.

Listed below are two securities that have had recent buying activity in the public market reported insiders.On Nov. 8, director Pat Gottschalk invested over US$458,000 in shares of the company. He acquired 100,000 shares at a price per share of US$4.5808, lifting the holdings in this specific account to 200,000 shares.On Nov. 14, director Russell Hallbauer purchased 200,000 shares at a cost per share of $2.825, increasing the holdings in this particular account to 1,885,048 shares.

Previously, we reported chief financial officer David Saperstein exercised his options on Nov. 6, receiving 2,000 shares at a cost per share of $40.36, and sold 2,000 shares at a price per share of $202, after which this particular account held 26,556 shares. Net proceeds totaled more than $323,000, not including any associated transaction charges.On Nov. 7, Canada Pension Plan Investment Board, with an ownership position exceeding 10 per cent, sold 2,100,000 shares at a price per share of $242.

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