FXCM (NYSE:FXCM) director Mr. Eric LeGoff, who has been a director at FXCM since 2010 and was appointed to the Board of Directors in connection with the IPO has sold 10,000 shares of his FXCM stock according to a filing with the SEC today.
According to company website, Mr. LeGoff is co-founder, president and COO of Evermore Global Advisors and CEO of Evermore Funds Trust. Mr. LeGoff has more than 20 years of experience in the investment management business. He started at Mutual Series Fund, serving as compliance officer, research analyst and senior vice president of operations from 1986 to 1997. At Mutual Series Fund, he implemented the mutual fund industry’s first commercially available order management, pre-trade portfolio compliance and employee trade monitoring systems.
Last year (2013), Mr. LeGoff was compensated $150,000 in total as director, half in stock options and half in fees. You can see the chart below provided by Morning Star.
This year he seems to have out done himself, and has cashed in a little bit more, taking advantage of higher FXCM share prices in the wake of a fall volume burst across the industry, this year Mr. LeGoff will take home approx. $166,500 on a sale of 10,000 shares avg. price of around $16.65. After this year’s round of selling he has 99,568 shares remaining, 80,000 of which are special derivatives exchangeable for shares of Class A common stock of FXCM on a one-for-one basis, which he just swapped 10,000 of in this transaction. You can view a chart of the transactions below:
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To see the official filing from the SEC, click here.