Further to the issuance of shares to eight key personnel by Gain Capital Holdings Inc (NYSE:GCAP) last week, 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 a filing with the US Securities and Exchange Commission (SEC), non-executive director Christopher Calhoun has sold 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.
As a result of these transactions, Mr. Calhoun received a net amount of approximately $116,250 from the sale of these shares.
This transaction took place a following an award of shares to Mr. Calhoun last week which took 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, GAIN Capital’s Chief Marketing Officer Samantha Roady has sold $23,000 worth of shares at $9.20 per share in a transaction dated June 1, 2015.
Last week, 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 $326,000.
For the official list of SEC filings detailing these transactions, click here.