That's according to a document Corporate filed early this evening with federal regulators. It shows U.S. newspaper division President Bob Dickey exercised options on 27,775 shares yesterday, paying a so-called strike price of $3.75 a share -- then sold all those shares on the open market for an average $17.11 each.
These were options Dickey and other top executives got in late February 2009, when GCI shares were trading for less than $4. Dickey got 150,000 options, U.S. Securities and Exchange Commission documents said at the time. They vested in four, equal annual installments, starting Feb. 25, 2010.
GCI closed today at $17.58 a share, up 12 cent, as it continues surging to new 52-week highs.
Earlier: Williams and Mayman sell 60,000 for closer to $15 per share.
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GCI closed today at $17.58 a share, up 12 cent, as it continues surging to new 52-week highs.
Earlier: Williams and Mayman sell 60,000 for closer to $15 per share.
He's not a fool after all. Sell baby, sell. And feather the retirement nest.
ReplyDeleteMaybe he'll get the hell out of Gannett now so we can get back to work and try to repair all the damage he's done.
ReplyDeleteDoes this mean he will buy his own trip to the golf tourney?
ReplyDeleteFinally, Bob got a raise. It's about time.
ReplyDelete