Paul Willis Jennings

Filings by Paul Willis Jennings span 2 companies, the busiest being Innospec Inc. and Exide Technologies. The record holds 27 filings, for trades running from 24 February 2006 to 16 September 2009.

The open-market side counts 5 purchases for €244k alongside 6 sales for €660k. On balance, insiders were net sellers of €416k. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Outside the open market, there are 6 share grants and 10 option exercises. 2009 to date brings no purchases and 6 sales.

Half of the purchases are above €42k and half below. For 4 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 25% of cases, with a median move of -6.6%. This is a record of the past, not a forecast.

The latest filing, published on 17 September 2009, reports a share grant in Exide Technologies. The latest purchase dates back some time: it was published 6,828 days ago, on 29 February 2008. The median gap between a trade and its publication by SEC (Form 4) is 1 day. 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. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.