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Posted by Kirk Lindstrom Jan 26, 2007 |
I get these insider reports from a private source that has a computer program monitor the SEC for announcements of insider buying and selling. Now and then I get a real gem like this announcement that an Intel insider is buying.
Yesterday the rumor mill was Intel won back the server business at Google from AMD. One blog I've read today says Google accounts for about 2% of world wide server sales so this is a huge win for Intel.
= > > Intel Discussion Forum < < =
INTC *** INTEL CORP *** SEMICONDUCTORS & RELATED DEV -- 3674
Details:
- OFCR/ V. PRES. GM TECH & MFG G = Classification of Insider
- $680k = Value of I-Buy trade(s)
- 33k = Number of Shares
- 20.60 = Average Price Paid
- 20.63 = Recent Stock Price (delayed)
- 999k = Average Daily Volume (composite timeframe)
- 119B = Company Market Capitalization
- 2007-01-25 = Purchase Date
- 2007-01-26 = Filing Date
- 14:29:52 = SEC Arrival TimeStamp
The Insider Roster at Yahoo shows Holt William M owned 27,934 shares before yesterday's filing.
Check the SEC Document showing this purchase of 33,000 shares for $680,000 to bring his total to 60,851 shares. (worth about $1.25M at $20.54)
This note is odd: "The transaction involved a nonmarket distribution from an investment fund in which the reporting person was not required to pay a purchase price." Somehow he got direct control of shares but didn't have to pay directly for them.... I wonder how that works.
Remarks:
Mr. Holt holds 885,626 options with the right to buy Intel Common Stock and also holds 17,250 restricted stock units.
Disclaimers:
- I own Intel in my personal portfolio at a tiny fraction of its current price.
- I recommend and trade the the ups and downs of Intel in my newsletter explore portfolio.
- Answers & my words are general in nature, are not meant as specific investment advice, and do not necessarily represent the opinion of anyone but Kirk.