FXCM major shareholder James Brown sells 358,028 shares, pockets $585,000

FXCM Inc (NYSE:FXCM) independent director and major shareholder James Brown has sold 358,028 shares in the company over a series of transactions reported by the firm on a filing with the US Securities and Exchange Commission (SEC).

Over the course of May 13 and May 14, Mr. Brown disposed of a series of non-derivative securities over 12 transactions at prices ranging from $1.61 to $1.8 per unit of Class A Common Stock.

Additionally, Mr. Brown carried out 6 further transactions which involved derivative securities beneficially owned, described by the SEC as puts, calls, warrants, options, or convertible securities. These transactions represented a conversion of options at nil value.

Mr. Brown presently possesses 100,000 shares in FXCM which is equivalent to approximately 0.22% of the company’s total market capitalization.

For the official filing with the SEC, click here.

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