At first sight 16:59 Nov 16, 2014
Phil seems to be right. However, here the individuals concerned sell their shares back for an apparently fixed Kurspreis which may be above or below market value. It is common practice that when I new CEO is hired he gets along with his salary stock options to buy company shares at usually huge discounts, literally for cents on the dollar. At the same time, a "holding period" kicks in during which the new CEO cannot dispose of the shares (at market value) which would mean an instant windfall. Once he leaves the company, he usually will be bought out, most likely at a previously determined price per share. This may be the case here. |