Michael R. Stanford

Michael R. Stanford is a declared insider of First State Bancorporation, with filings sourced from SEC (Form 4). Over a trading history stretching from 20 January 2006 to 6 June 2008, the count stands at 43 filings.

In open-market terms, that means 4 purchases worth €448k on one side and 20 sales worth €883k on the other. Taken together, the sales exceed the purchases by €435k. 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 1 share grant and 18 option exercises. Since January 2008: 4 purchases and no sales on the market.

A typical purchase (the median) is worth €112k.

The latest filing, published on 10 December 2008, reports an open-market purchase of €192k in First State Bancorporation. The median gap between trade and publication is zero days: most filings appear on the same day. Section 16 rules allow two business days to file each Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.