Gain Capital Holdings Inc (NYSE:GCAP) CEO Glenn Stevens has made a series of transactions relating to GAIN Capital stock, as reported by a filing with the US Securities and Exchange Commission (SEC) today.
The six tranasactions which took place between June 29 and July 1, 2015 include the conversion of 50,002 stock options into class A common stock, and the subsequent sale of 51,000 units of common stock.
The conversion of stock options was conducted at a cost of $2.43 per share, meaning that Mr. Stevens paid $121,504 to convert the options into common stock.
Subsequently, Mr. Stevens sold 51,000 units of GAIN Capital shares in three transactions as follows:
29,998 shares on June 29, 2015 at $9.68 per share.
20,000 shares on June 30, 2015 at $9.53 per share.
10,002 shares on July 1, 2015 at $9.55 per share.
This equates to a total realization of capital amounting to $576,499, however when considering that Mr. Stevens paid $121,504 to convert options into shares, the net cash gain from these transactions is $454,995.
For the official filing with the SEC, click here.