FXCM Inc (NYSE:FXCM) independent director and major shareholder James Brown has sold another 200,234Â shares in the company over a series of transactions reported by the firm on a filing with the US Securities and Exchange (SEC), at a value of $260,304.
In this particular case, Mr. Brown made two transactions in which he converted derivative securities which he beneficially owned (such as puts, calls, warrants, options and convertible securities) at nil value immediately sold them at $1.30 per share.
This is the most recent set of transactions in the recent sale of shares which Mr. Brown has embarked on, taking the total value of shares that he has sold in just two weeks to approximately $1.35 million.
On May 28, he sold 149,419 shares in the company over a series of transactions reported by the firm at a value of $194,244.
On May 19, Mr. Brown sold 1,900 shares, whilst on May 15, 2015, he carried out 12 transactions in which he sold 207,970 shares at a total value of $312,000, which also included transactions that involved converting derivative securities which he beneficially owned (such as puts, calls, warrants, options and convertible securities) at nil value.
This sale of shares follows a previous series of transactions just two days earlier, in which Mr. Brown sold 358,028 units of FXCM stock, at a total value of $585,000.
To view the SEC filing, click here.