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The perks of working for a public company…
In an SEC filing Gain Capital (NYSE:GCAP) has indicated that its CMO Samantha Roady, who technically holds the title of Chief Commercial Officer, recently exercised some deep in-the-money options, and immediately sold the shares she received.
In total, between September 10 and 11 Roady exercised options to acquire 24,000 shares at a cost of $2.43 per share. She immediately turned around and sold the shares for prices ranging from $7.00 to $7.25, turning an overall profit of more than $111,000.
Roady continues to own 80,650 Gain Capital shares worth about $550,000.
The SEC filing detailing the exercise and sale can be viewed here.