Quercus Trust

Quercus Trust has filed trades across 14 companies (mainly through SEC (Form 4)), most often in Axion Power International, Inc., Beacon Power Corp and Spire Corp. We count 462 filings; the first trade dates from 28 November 2006 and the latest from 18 July 2012.

Market trades split into 83 purchases (€44.3M) and 373 sales (€18.2M). The amount is not disclosed for 9 filings. Unlike grants, an open-market purchase is paid for by the insider, at the market price. So far in 2012, the count stands at no purchases and 71 sales.

Half of the purchases are above €145k and half below.

The latest filing, published on 18 July 2012, reports an open-market sale of €3,825 in Axion Power International, Inc. The clock since the last published purchase (12 May 2010) now reads 6,009 days. The median gap between a trade and its publication by SEC (Form 4) is 2 days. US insiders must file a Form 4 within two business days of a trade. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.