satradfan

http://www.shareholder.com/siri/Edga...5-26&SID=05-00

He bought
600,000 shares @ $1.04 = $624,000
He sold
600,000 shares @ $5.13 = $3,078,000


He walked away with....
$2,454,000

I BET HE'S GOING OUT FOR A NICE DINNER TONIGHT!

...AND THIS IS MY 1,000th POST...I'M GOING OUT FOR A NICE DINNER TO CELEBRATE TONIGHT TOO.

roscoryan

Congrats on numero 1000! Have fun at McDonalds

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satradfan

What's funny is there's a chance I'll run into Clayton there....

Ssnick

If he's is selling already, before all the "great news" is released, could this very well mean that Sirius's shares may take a dive?

satradfan

well, he still owns 5.1 million shares of SIRI.

twluddy

Planned Sale/s

(3) Includes 10,000 shares held by a partnership and 15,000 shares held in a trust. Mr. Clayton has adopted a plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Pursuant to this plan, each month (commencing in April 2005 and ending in December 2005) Mr. Clayton expects to exercise options with respect to 600,000 shares of our common stock and sell the shares received upon exercise. The exercise of these options and the sale of the underlying common stock are subject to certain conditions contained in the plan.

StoliMike

I don't think that JC dumping some of his shares 3 days before the CC is a good thing. Also, if you look at the insider transactions as of late there a lot more sells than buys.

I don't think this is going to be a positive CC.

Trap

How much does IRS get?



I cooked hot dogs for dinner tonight. Dumped them in the micro and dinner was served in 1 min.

cheerioboy26

I think the highest tax bracket is 35%, so over $800K is going to Uncle Sam.

jwild

That's a good one...LMAO!!!!

SatRadioRules

IF Sirius announces only about 250K subs, I hope they have some good news.

keal3

I suspect insider trading! Sirius has nose-dived since this guy made a killing!

Martha Stewart can lead the charge through airwaves!

Ssnick

Man, thats what I've been claiming and everyone else on this forum is been so passive about it. I was starting to think maybe I was just impatient untill some good news became available. Instead I just read this evening that Sirius had lost 15 cents a share in the first quarter.

I sense insider trading! Do you hear me Sirius! Bad Dog!

Trap

Odds are Clayton issued his sale order 30 days ago. Back then everyone thought the earnings report would be issued last week. I bet Clayton was pissed when Mel moved it to this week. Mel cost Clayton a lot of money by moving the date of the earnings report.
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The above was posted on the CBS board. Does anyone agree with it?

When the fat cats start selling, it's time to sell.

Manco

I don't agree with the post. And I don't agree when the fat cats are selling it's time to sell. I suspect Clayton wants to diversify or get some extra spending money. If he sells it all, or if there is a pattern of large selling every quarter, then perhaps it's a sign to sell.