Insider overview: International Business Machines Corp.
BY THOMSON FINANCIAL REPORTS
Monday, March 04, 2013
3/04/13 at 3:06 AM
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Virginia Rometty, CEO, on Feb. 19 sold 12,500 indirect shares at $200.60 each with a market value of $2,507,500. IBM shares historically have increased an average 4 percent in the six months following Rometty's 12 previous sell decisions.
Sidney Taurel, director, Feb. 20 sold 1,710 direct shares at $200.35 with a market value of $342,594. On the same day, Taurel exercised options to purchase 4,000 shares at $85.35 per share with a market value of $341,400.
IBM executives have sold more than $33 million in shares since the start of the first quarter. The company reported $6.1 billion in net income for its fourth quarter.
Matrix Service Co.: Kevin Cavanah, chief financial officer, on Feb. 20 exercised options to purchase 13,000 shares at $4.60 to $12.20 with a market value of $135,750. On the same day, Cavanah sold 13,000 direct shares at $16.51 with a market value of $214,600.
American Electric Power Co.: Oliver G. Richard III, director, on Feb. 20 purchased 2,195 direct shares at $45.53 with a market value of $99,930. The transaction was Richard's first insider sell decision as a director with AEP, which owns electricity utility Public Service Co. of Oklahoma.
Alliance Holdings GP LP: Joseph Craft, CEO, on Feb. 26 sold 5,637 indirect units at $51.56 with a market value of $290,644. On the same day, Alliance Management Holdings GP LP, beneficial owner, also sold 5,637 shares at the same price with the same market value.
Craft holds more than 42 million units in AHGP, which owns the general partner and incentivised distribution rights in Tulsa-based coal producer Alliance Resource Partners LP.