James C. Rapin

James C. Rapin discloses dealings in First Federal of Northern Michigan Bancorp, Inc. to SEC (Form 4). Over a trading history stretching from 8 March 2006 to 8 April 2008, the count stands at 7 filings.

On the open market, the record shows 1 purchase worth €2,212 and 3 sales worth €24k. On balance, insiders were net sellers of €21k. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Besides market trades, the filings include 2 share grants and 1 option exercise. Since January 2008: 1 purchase and no sales on the market.

The newest entry dates from 9 April 2008: an open-market purchase of €2,212, in First Federal of Northern Michigan Bancorp, Inc. 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. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.