Michael F. Hannley

Michael F. Hannley is a declared insider of Capitol Bancorp Ltd, with filings sourced from SEC (Form 4). Between 31 December 2005 and 7 July 2008, the trades on record add up to 11 filings.

Market trades split into 2 purchases (€652) and 3 sales (€225k). On balance, insiders were net sellers of €225k. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Other entries cover 4 share grants and 1 option exercise. 2008 to date brings 2 purchases and 1 sale.

On 9 July 2008 came the latest disclosure, an open-market purchase for €326 in Capitol Bancorp Ltd. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. The legal deadline for a Form 4 is two business days after the transaction. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.