James A. Bernards

James A. Bernards discloses dealings in 2 companies, chiefly FSI International Inc and August Technology Corp. Over a trading history stretching from 15 February 2006 to 11 October 2012, the count stands at 11 filings.

In open-market terms, that means 2 purchases worth €17k on one side and 4 sales worth €28k on the other. Sales outweigh purchases by €12k. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Besides market trades, the filings include 2 option exercises.

On 15 October 2012 came the latest disclosure, a transaction for €108k in FSI International Inc. The clock since the last published purchase (9 August 2007) now reads 7,015 days. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 4 days. For comparison, the SEC allows two business days to file a Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.