ARM directors chip off hefty chunk of their shares
A round-up of the biggest director deals today so far.
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.
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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
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