In the last week, there has been insider selling from three different officers of AeroGrow International, Inc. (OTC:AERO). At the time of writing this, shares of AERO were trading at $3.60 per share.
Michael J Wolfe, President & CEO
Michael Wolfe filed a Form-4 with the SEC disclosing the conversion of options as well as the sale of common stock. The shares acquired via the conversion of options were broken into three separate transactions on December 2nd:
32,307 shares acquired at $1.01 per share = $32,630.07
67,801 shares acquired at $1.55 per share = $105,091.55
68,983 shares acquired at $2.20 per share = $151,762.60
After these three transactions totaling $289,484.22 , Wolfe owned 169,091 shares of AERO common stock. The shares that were sold were broken into one transaction on December 2nd, and two more on December 5th:
8,420 shares sold at $4.1814 per share = $35,207.388
15,146 shares sold at $3.8547 per share = $58,383.2862
33,854 shares sold at $3.5286 per share = $119,457.2244
After these three transactions totaling 57,420 shares and $213,028.20, Wolfe owns 111,671 shares of AERO common stock. At last trade price, Wolfe's remaining 111,671 shares of AERO are worth approximately $402,015.60.
Grey H Gibbs, SVP Finance & Accounting
Grey Gibbs filed a Form-4 with the SEC disclosing the conversion of options as well as the sale of common stock. The shares acquired via the conversion of options were broken into three separate transactions on December 2nd, and one more on December 6th:
7,383 shares acquired at $1.01 per share = $7,456.83
7,433 shares acquired at $1.55 per share = $11,521.15
8,750 shares acquired at $2.20 per share = $19,250.00
6,127 shares acquired at $1.55 per share = $9,496.85
After these three transactions totaling $47,724.83 , Gibbs owned 29,693 shares of AERO common stock. The shares that were sold were broken into one transaction on December 2nd, and one more on December 5th:
8,420 shares sold at $4.1814 per share = $35,207.388
15,146 shares sold at $3.8547 per share = $58,383.2862
After these three transactions totaling 23,566 shares and $93,590.67, Gibbs owns 6,127 shares of AERO common stock. His week of insider transactions netted him $45,865.84 before fees. At last trade price, Gibbs' remaining 6,127 shares are worth approximately $22,057.20.
John K Thompson, EVP Marketing
John Thompson filed a Form-4 with the SEC disclosing the conversion of options as well as the sale of common stock. The shares acquired via the conversion of options were broken into one transaction on December 2nd, and two more on December 6th:
46,000 shares were acquired on Dec. 2 at $2.20 per share = $101,200
Then, Thompson proceeded to sell all 46,000 shares he owned over the course of one sale on December 2nd and two more on December 5th:
8,420 shares sold at $4.1814 per share = $35,207.388
15,146 shares sold at $3.8547 per share = $58,383.2862
22,434 shares sold at $3.5286 per share = $79,160.6124
After these three transactions totaling 46,000 shares and $172,751.29, Thompson owned net 0 shares of AERO common stock however, his week of insider transactions netted him $71,551.29 before fees.
Following these transactions, he converted options to acquire 50,000 shares over two transactions on December 6th:
39,049 shares acquired at $1.01 per share = $39,439.49
10,951 shares acquired at $1.55 per share = $16,974.05
This transaction left Thompson with 50,000 shares owned for a total cost of $56,413.54. At last trade price, Thompson's remaining 50,000 shares are worth approximately $180,000. This equates to an immediate paper profit of roughly $123,586.46.
Conclusion
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