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Screenshot of a breaking news alert e-mail from Q2 2017
William Adhout, Chief Dealer at FXCM (NYSE:FXCM) has offloaded 106,288 ordinary shares at a value of $16.53 per share, as per a filing with the US Securities and Exchange Commission yesterday. Following this transaction, Mr. Ahdout still holds approximately 2.72 million shares in the company.
The transaction took place on December 16, and follows Mr. Ahdout’s previous sale of 75,000 shares last week, worth approximately $1.25 million.
In addition, the company’s General Counsel David Sassoon has exercised certain options in relation 3,500 shares at $10.73 per share, whilst simultaneously selling the same amount of shares at $16.64 per share.
Last week, Mr. Sassoon exercised options relating to 1,750 shares at $10.73 per share, whilst simultaneously selling the same amount of shares at $16.76 per share, with his total shareholding now standing at 9,500 subsequent to these transactions.
Mr. Sassoon’s transaction, which was completed on December 15 equates to his realization of stock weighing in at approximately $58,240.
A further FXCM executive to realize the cash value of shares is Nicola Santoro Jr, FXCM’s Chief Accounting Officer. On December 15, Mr. Santoro Jr exercised certain options relating to 10,000 ordinary shares at $13.55 per share, and on the same day selling the same amount at $16.50 per share.
Mr. Santoro Jr retains 40,000 shares subsequent to the transaction, which provided him with a return of $165,000.