Three GAIN Capital executives sell a total of $306,000 in shares

In the advent of the recent announcement by Gain Capital Holdings Inc (NYSE:GCAP) of February volume figures which reflected the general lack of volatility that has blighted the second month of the year across the entire industry, three senior executives at the firm have sold a proportion of their shares.

General Counsel and Secretary Diego Rotsztain exercised part of his stock options plan by purchasing 2,000 shares at $5.3 per share, and subsequently selling 10,343 units of common stock at $9.98 per share, resulting in a net gain of $92,723. The transactions took place on March 6, 2015 and were reported by a filing with the US Securities and Exchange Commission (SEC).

Mr. Rotsztain made a similar transaction just three days earlier in which he sold 2,555 units of Class A Common Stock in the firm at a price of $9.34 per share at a cash value of $23,874.

The second member of the company’s senior management to have sold shares is Chief Financial Officer Jason Emerson, who relinquished 2,545 shares at $9.89 per share, providing a net value of $25,170.

Mr. Emerson also made his transaction on March 6, 2015.

Finally, GAIN Capital’s Chief Marketing Officer Samantha Roady has conducted a series of transactions which have resulted in a net gain of $188,200, with all transactions having taken place on March 6, 2015.

Ms. Roady exercised three seperate amounts of options, purchasing 11,444 units of stock at $3.83 per share, a further 10,250 of stock at $4.4 per share, and 9,500 units of stock at $5.3 per share.

Ms. Roady then sold 31,194 units of stock at $10 per share and a further 1,554 units at $10.01 per share, hence the net amount of $188,200.

Having received a grant totaling  more than 131,000 shares in GAIN Capital just over two months ago, which at the time were worth approximately $1.2 million, Ms. Roady has embarked on a series of transactions in relation to the shares.

After receiving the grant, Ms. Roady sold 42,000 of the shares on January 5 and 6, pocketing more than $380,000.

The 131,000 shares were received by Ms. Roady as a series of Restricted Stock Units between 2006 and 2009. The shares vested over a number of years – a practice common in companies which pay executive compensation in company equity – and were to be delivered to Roady as soon as practicable on or after December 31, 2014.

gainThis is Roady’s fourth (and largest) sale of GCAP shares over the past few months, after an options exercise/sale inNovember and September, as well as a share sale in October. In total, Roady has pocketed about $587,000 from these sales.

Following her most recent transactions, Ms. Roady continues to hold 247,847 shares in the company which at today’s values are worth approximately $2.48 million.

For the full list of SEC filings by GAIN Capital, click here.


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