Michael J. Devine

All filings by Michael J. Devine on record concern Capitol Bancorp Ltd. We count 18 filings; the first trade dates from 31 December 2005 and the latest from 31 March 2010.

In open-market terms, that means 1 purchase worth €652 on one side and 9 sales worth €209k on the other. On balance, insiders were net sellers of €208k. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. Besides market trades, the filings include 5 share grants and 2 option exercises. So far in 2010, the count stands at no purchases and 2 sales.

The latest filing, published on 2 April 2010, reports an open-market sale of €1,216 in Capitol Bancorp Ltd. The most recent open-market purchase was published on 9 July 2008, 6,697 days ago. Typically, a trade is published a median of 2 days after it takes place. Section 16 rules allow two business days to file each Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.