GAIN Capital COO Jeffrey Scott exercises options to buy stock, sells the resulting shares, pockets $45,000

At the end of January, Gain Capital Holdings (NASDAQ:GCAP) COO Jeffrey Scott sold 39,750 shares at a total value of $330,211, as well as exercising options, for which he paid $137,850, generating net proceeds of $192,361. This left him with 68,850 units of common GAIN Capital stock.

As reported by a filing with the US Securities and Exchange Commission (SEC), Mr. Scott has now sold a further 45,000 shares at $9.02 per share, realizing a gross value of $405,900 in a transaction dated February 23.

This transaction represents the sale of common stock which Mr. Scott converted from having exercised his right to buy GAIN Capital stock via stock options that were granted on March 23, 2011 and vest 25% annually over four years commencing on the first anniversary of the date of grant.

Mr. Scott acquired 45,000 units of common stock at a price of $8.02 per unit on February 23 with a total value of $360,900, and subsequently sold them for $9,02, therefore the net figure by which he has gained is $45,000.

Following this transaction, Mr. Scott continues to hold 68,850 units of GAIN Capital common stock, a figure that remains unchanged due to his exercising of options and subsequent sale of the identical number of shares exercised under the right to buy facility.

To read the official SEC filing, click here.

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GAIN Capital COO Jeffrey Scott exercises options to buy stock, sells the resulting shares, pockets $45,000


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