http://finance.yahoo.com/q/it?s=MRK+Insider+Transactions Looks like Kenny has been cashing in a lot of stock over the past couple of months. Gee, what does he know? Looks like he did a good job of timing the market. Of course there's no impropriety here, like with this dumb former Merckie: Ex-Merck Analyst Charged With Telling Friend of Buyout http://www.bloomberg.com/news/2014-10-14/ex-merck-analyst-charged-with-telling-friend-of-buyout.html
He is selling because he will be given more down the road by the board. All of them are being watched by the SEC. Don't be a conspiracy theorist.
First -- like his last three sales, these 9,000 shares are less than 3 per cent of his holdings. Second -- these sales are under a pre-arranged trading plan called a 10-b 5(1) plan, over which he no longer exercises discretionary control. Thus, they are fotmulaic, diven by an algorithm he set with a financial advisor some years ago now. Finally, they are all from the exercise of stock options -- set to expire in the next 24 or so months. Finally, Mr. Frazier holds over 331,000 shares (as calculated under the Section 16 rules, so he's sold less than two per cent of his holdings, in the past month). Thus, nothing may really be inferred from his sales, this week. Now YOU know. Namaste
