W. Thomas Stephens

W. Thomas Stephens has filed trades across 14 companies (mainly through SEC (Form 4)), most often in Aldabra 2 Acquisition Corp., Putnam Managed Municipal Income Trust and Putnam California Investment Grade Municipal Trust. We count 22 filings; the first trade dates from 27 October 2006 and the latest from 30 April 2010.

Market trades split into 3 purchases (€1,128) and 4 sales (€5,166). The net balance comes to €4,038 on the selling side. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. Other entries cover 1 share grant and 2 option exercises.

In size, the median ticket on the buying side is €351. After 3 purchases with a full 90-day history, the hit rate stands at 100% and the median 90-day move at +14.5%. They describe history only and say nothing certain about the share price ahead.

The latest filing, published on 4 May 2010, reports a transaction in Aldabra 2 Acquisition Corp. The latest purchase dates back some time: it was published 6,351 days ago, on 4 June 2009. The median gap between a trade and its publication by SEC (Form 4) is 2 days. The legal deadline for a Form 4 is two business days after the transaction. 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.