Gain Capital Holdings Inc (NYSE:GCAP) COO Jeffrey Scott has recently completed a series of transactions with regard to his shares in the company, the most recent having been reported by a filing with the US Securities and Exchange Commission (SEC) yesterday, in which Mr. Scott sold 5,025 shares on the open market.
Mr. Scott sold the shares at a price of $9.72 per share, and continues to retain 57,325 units of common stock subsequent to the transaction.
At the end of January, Mr. 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.
Following that transaction, Mr. Scott sold a further 45,000 shares at $9.02 per share at the end of February, realizing a gross value of $405,900 in a transaction dated February 23.
That particular transaction represented 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.
For a complete list of SEC filings relating to changes in beneficial ownership of GAIN Capital, click here,