Paul F. Lozier

Filings by Paul F. Lozier span 2 companies, the busiest being Ocean Power Technologies, Inc. and Somerset Hills Bancorp. In total, 12 filings cover trades dated from 6 December 2007 to 12 October 2010.

Both buying and selling appear: 3 purchases worth €9,662, against 5 sales worth €111k. Taken together, the sales exceed the purchases by €102k. Unlike grants, an open-market purchase is paid for by the insider, at the market price. The rest of the record consists of 3 share grants and 1 option exercise. 2010 to date brings no purchases and 1 sale.

A typical purchase (the median) is worth €2,519. After 3 purchases with a full 90-day history, the hit rate stands at 0% and the median 90-day move at -11.5%. They describe history only and say nothing certain about the share price ahead.

On 14 October 2010 came the latest disclosure, an open-market sale for €16k in Ocean Power Technologies, Inc. The last insider purchase was made public on 14 October 2008, 6,600 days ago. Typically, a trade is published a median of 4 days after it takes place. Section 16 rules allow two business days to file each Form 4. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.