Algimantas K. Chesonis

Algimantas K. Chesonis is a declared insider of PAETEC Holding Corp., with filings sourced from SEC (Form 4). In total, 153 filings cover trades dated from 1 June 2007 to 30 November 2011.

In open-market terms, that means 2 purchases worth €48k on one side and 112 sales worth €1.5M on the other. The net balance comes to €1.4M on the selling side. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Besides market trades, the filings include 19 share grants and 19 option exercises. So far in 2011, the count stands at no purchases and 2 sales.

The record was last updated on 2 December 2011 with a transaction in PAETEC Holding Corp. The latest purchase dates back some time: it was published 6,640 days ago, on 19 August 2008. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. The legal deadline for a Form 4 is two business days after the transaction. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.