ARM directors chip off hefty chunk of their shares

Two members of the Executive Committee of ARM, the FTSE 100 chip designer, sold off a total of 150,000 shares, received as part of the firm's long term incentive plan, earlier this week.

Tom Lantzsch, Executive Vice President of Corporate Development, sold 50,000 shares at 575p each and another 50,000 at a price of 573p per share, for a total of £574,000. His total holding now stands at 35,347 shares.

Lance Howarth, Executive Vice President of Marketing, sold 1,663 at 575p per share and 48,337 at 573.88p per share for a total of around £286,959. He now holds a total holding of 35,000 shares.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Earlier this year the firm offered a relatively positive outlook for the full year 2012 after beating forecasts in the fourth quarter and full-year, boosted by strong growth in licensing revenues.

Fourth quarter sales totalled £137.8m, up from £113.9m the year before, as the group sold 2.2bn of its ARM technology-based chips, the highest-ever number of ARM-processor based shipments.

The stock has gained over 10% on its stock, equivalent to 52.50p, in the past year, although it lost 12.50p, or 2%, in the past month.

Top Director Buys

Low & Bonar (LWB)

Director name: Mr John Sheldrick

Amount purchased: 70,000 @ 64.00p

Value: £44,800

Petra Diamonds Ltd. (PDL)

Director name: Mr Gordon Hamilton

Amount purchased: 20,000 @ 168.50p

Value: £33,700

Mckay Securities (MCKS)

Director name: Viscount Lifford

Amount purchased: 10,000 @ 132.00p

Value: £13,200

Mecom Group (MEC)

Director name: Mr Zillah Byng-Maddick

Amount purchased: 6,170 @ 170.25p

Value: £10,504

Marston's (MARS)

Director name: Lord Robin Hodgson of Astley Abbotts

Amount purchased: 10,000 @ 101.44p

Value: £10,144

Top Director Sells

Senior (SNR)

Director name: Mr Mark Rollins

Amount sold: 441,228 @ 190.24p

Value: £839,392

Senior (SNR)

Director name: Mr Simon Nicholls

Amount sold: 244,807 @ 190.24p

Value: £465,721

Spirax-Sarco Engineering (SPX)

Director name: Mr Mark E. Vernon

Amount sold: 5,730 @ 2,143.85p

Value: £122,843

Spirax-Sarco Engineering (SPX)

Director name: Mr David J Meredith

Amount sold: 5,500 @ 2,143.85p

Value: £117,912