Wednesday, May 18, 2011

Abele's $11M tops insider selling in Feb. - Silicon Valley / San Jose Business Journal:

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million in company shares in February, accounting for nearly a third ofthe $36 millio n in stock sold by Massachusetts insidersa for the month. February’s insider stock salesx were down 39 percent fromthe $59 millio logged by executives, directors and major shareholders in Massachusettx companies in January. Still, February’s sellinf activity far overshadowedthe $468,000 in insider purchased during the same span. That buying activity does not account fora $7.5 milliom investment by private equity investor Blum Capital in media-softwarwe developer (Nasdaq: AVID) that closed Feb. 21, according to tradinhg data providedby .
For Abele, February’sz activity brought his total salez in Boston Scientific stock to justover $27.65 million in 2009. Abele sold another $162.7 milliomn in Boston Scientific stock during the fourthn quarterof 2008. Companyh co-founder Peter Nicholas, who shed more than $301.5 millionh in Boston Scientific stockbetween Oct. 1 and Jan. 31, did not registed any sales in February, Thomson Reuters records show. Other major Massachusetts sellers in Februaryu includedBrad Nutter, chairman and CEO of (NYSE: who sold roughly $6 million in companu stock last month; (Nasdaq: Chairman and CEO Robert Buck, who sold $2.
4 million in companty stock; and David Donatelli, the head of ’sd (NYSE: EMC) storage division, who sold just shy of $2 milliob in company stock. Insider stock sales: Name: Abele, John E. Boston Scientific Corp. Value of sale: $11,332,45p0 Nutter, Brad Haemonetics Corp. $5,984,950 Buck, Robert R. Beacoj Roofing Supply Inc. $2,400,700 Donatelli, David A. EMC Corp. $1,974,263 Ian $1,538,208 Lewis, Mark EMC Corp. $1,222,79o0 Taiclet, James Jr. $1,215,600 Mollen, John EMC Corp.

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