BS
Burton E Sobel
Director

Burton E Sobel insider trades: New River Pharmaceuticals (NRPH) stock sales

Director, New River Pharmaceuticals Last trade Jan 19, 2007 33 Form 4 filings
$0
Sold, last 12 months
0 sales
$0
Bought, last 12 months
0 buys
12
Open-market trades
since 2005
5
Companies
last trade 2007

Trades on the price chart

Daily close, with an arrow on each day they bought or sold

Companies

Where Burton reports to the SEC

Open-market buys and sales

12 trades reported on SEC Form 4, newest first

DateStockTypeValue
Jan 19, 2007NRPH↓ Sell$281K
Jan 3, 2007NRPH↓ Sell$137K
Dec 1, 2006NRPH↓ Sell$368K
Nov 10, 2006NUVO↓ Sell$227K
Aug 10, 2006NUVO↓ Sell$200K
May 26, 2006NUVO↓ Sell$195K
May 18, 2006NRPH↓ Sell$584K
Mar 20, 2006NRPH↓ Sell$617K
Jan 18, 2006ARIA↓ Sell10b5-1$27K
Jan 9, 2006ARIA↓ Sell10b5-1$38K
Nov 22, 2005NRPH↓ Sell$257K
Aug 19, 2005NRPH↓ Sell$185K

Each row is one filing's trades in one stock, summed. Shares and prices are as filed, before any later stock split.

About Burton E Sobel's insider trades

Burton E Sobel is a director at New River Pharmaceuticals (NRPH). Since Aug 19, 2005, Burton has reported no open-market purchases and 12 sales worth $3.1M on SEC Form 4. There have been no open-market trades in the last 12 months.

2 sales (2% of the value sold) were made under a Rule 10b5-1 trading plan, which is set up months in advance and runs on a schedule, so they say little about how the insider sees the stock today.

Their filings also include grants and awards (20 filings), option exercises (10 filings), shares returned to the company (1 filing). These aren't open-market trades and aren't counted above.

How to read insider trades

Officers, directors and owners of more than 10% of a company must report trades in its stock on SEC Form 4, usually within two business days. Purchases with their own money are the stronger signal: insiders sell for many reasons (taxes, diversification, a house), but buy for one. See every NRPH insider trade, the latest insider trades across the market, or cluster buys, when several insiders buy the same stock within days.