Stephen Harris, who has held the role of Chief Executive Officer at FTSE 250 heat treatment firm Bodycote for over three years, sliced off a sizeable chunk of his shares on May 4th.
Harris, who has also been a director of Spectris, ditched 94,000 shares at 421.00p each, earning himself the handsome sum of £395,740.
He now holds 542,983 shares in the firm.
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The sale was made just a few days after the company announced plans to open a new surface technology plant in Houston, Texas. The new plant, scheduled to open during the third quarter of 2012, will enable Houston's large oil & gas market to access Bodycote's spray services, which prolong the life of components operating in extreme environments.
Bodycote recently unveiled a strong first quarter and is on track to meet full-year forecasts.
Revenue for the three months to the end of March was 6.9% higher than in the same period last year, while sales in its Aerospace, Defence & Energy division were ahead by 13.5% compared to the same period in 2011.
The share price has risen just 1.3% in the past year, and is down over 10% in the last month.
Top Director Buys
InterQuest Group (ITQ)
Director name: Mr Gary Goldsmith
Amount purchased: 668,896 @ 59.80p
Value: £400,000
Sinclair Is Pharma (SPH)
Director name: Mr Jean-Charles Tschudin
Amount purchased: 251,160 @ 26.60p
Value: £66,809
Kofax (KFX)
Director name: Mr Reynolds Carl Bish
Amount purchased: 20,000 @ 260.00p
Value: £52,000
XP Power Ltd. (DI) (XPP)
Director name: Mr Larry Tracey
Amount purchased: 4,000 @ 1,175.00p
Value: £47,000
Raven Russia Ltd (RUS)
Director name: Mr Glyn Vincent Hirsch
Amount purchased: 66,240 @ 61.00p
Value: £40,406
Raven Russia Ltd (RUS)
Director name: Mr Anton John Godfrey Bilton
Amount purchased: 64,759 @ 61.00p
Value: £39,503
Maven Income & Growth 3 VCT (MIG3)
Director name: Mr Bill Nixon
Amount purchased: 45,000 @ 73.50p
Value: £33,075
Somero Enterprises Inc.(Reg S) (SOM)
Director name: Mr Jack Cooney
Amount purchased: 84,000 @ 23.50p
Value: £19,740
Lloyds Banking Group (LLOY)
Director name: Mrs Sara Weller
Amount purchased: 50,000 @ 32.33p
Value: £16,165
Capital & Regional (CAL)
Director name: Mr Charles Staveley
Amount purchased: 50,000 @ 29.29p
Value: £14,645
Top Director Sells
Bodycote (BOY)
Director name: Mr Stephen C Harris
Amount sold: 94,000 @ 421.00p
Value: £395,740
Raven Russia Ltd (RUS)
Director name: Mr Mark Sinclair
Amount sold: 173,000 @ 60.62p
Value: £104,873
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