Gain Capital Holdings Inc (NYSE:GCAP) director Christopher Calhoun has sold 25,000 shares in the company as reported in a filing with the US Securities and Investments Commission (SEC).
In this particular transaction which took place on April 1, 2015, Mr. Calhoun, who has a 10% stake in GAIN Capital, sold the 25,000 shares at a price of $9.6 per share, equating to a cash value of $240,000.
At the beginning of this year, GAIN Capital issued $7.5 million worth of company stock to various Directors and Senior Executives, one of which was Mr. Calhoun who was granted 143,217 shares with a value at the time of $1.3 million.
The shares were granted in the first week of January as a series of Restricted Stock Units between 2006 and 2009. The shares vested over a number of years, a practice which is common among companies which pay director or executive compensation in company equity, and were to be delivered to the recipients as soon as practicable on or after December 31, 2014.
Following the recent sale of 25,000 shares, Mr. Calhoun continues to hold 52,163 units of common stock in GAIN Capital.
For the official announcement from GAIN Capital, click here.