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Further to the issuance of shares to eight key personnel by Gain Capital Holdings Inc (NYSE:GCAP) last month, two of the senior executives to whom the shares were granted have made a sale of a proportion of GAIN Capital stock.
As reported by filings with the US Securities and Exchange Commission (SEC), non-executive director Christopher Calhoun and Chief Marketing Officer Samantha Roady have each sold 2,500 shares at $9.55 per share in transactions dated July 1, 2015.
This amounts to a cash value of $23,875 for Ms. Roady, and an equal $23,875 for Mr. Calhoun.
At the end of last month, both Mr. Calhoun and Ms. Roady sold shares, with Mr. Calhoun having offloaded 9,320 shares at $9.28 per share, a further 680 shares at $9.37 per share, and 2,500 shares at $9.50 per share, in transactions dated between June 1, 2015 and June 3, 2015.
Mr. Calhoun and Ms. Roady were among the eight GAIN Capital key personnel who were awarded further shares in June this year in the form of restricted stock units, to vest in twelve equal monthly installments starting one month after the day following the issuer’s annual meeting of stockholders in the year of grant, amounting to 7,537 shares issued on March 5, 2014 at nil cost, and 8,937 shares issued on May 26, 2015 at nil cost.
In addition to Mr. Calhoun’s sale of shares last month, GAIN Capital’s Chief Marketing Officer Samantha Roady sold $23,000 worth of shares at $9.20 per share in a transaction dated June 1, 2015, an equal number of shares to those sold in this latest transaction on July 1, 2015.
Last month, Ms. Roady was awarded 21,030 shares by GAIN Capital, worth approximately $200,000.
Ms. Roady was awarded a vast number of shares in GAIN Capital in January this year, at a value of $1.2 million. At the time of the firm having awarded her those shares, Ms. Roady sold $380,000 worth of stock.
During the course of this year, Ms. Roady has made several transactions involving the sale of shares in the firm, amounting to a total cash value of $349,875.
For the official filings from the SEC, click here.