John R Bourne insider trades: Witness Systems (WITS) stock sales
Trades on the price chart
Daily close, with an arrow on each day they bought or sold
Companies
Where John reports to the SEC
Open-market buys and sales
11 trades reported on SEC Form 4, newest first
| Date | Stock | Type | Shares | Price | Value | Holding | Reported |
|---|---|---|---|---|---|---|---|
| Feb 27, 2007 | WITS | ↓ Sell | 22,820 | $26.67 | $609K | Direct | Mar 1, 2007 (2d) |
| Feb 14, 2007 | WITS | ↓ Sell | 12,000 | $26.82 | $322K | Direct | Feb 16, 2007 (2d) |
| Sep 21, 2006 | WITS | ↓ Sell10b5-1 | 2,800 | $17.76 | $50K | Direct | Sep 25, 2006 (4d) |
| Aug 21, 2006 | WITS | ↓ Sell10b5-1 | 2,800 | $13.87 | $39K | Direct | Aug 23, 2006 (2d) |
| Jul 21, 2006 | WITS | ↓ Sell10b5-1 | 2,800 | $16.49 | $46K | Direct | Aug 23, 2006 (33d) |
| Jun 21, 2006 | WITS | ↓ Sell10b5-1 | 2,800 | $18.83 | $53K | Direct | Aug 23, 2006 (63d) |
| May 22, 2006 | WITS | ↓ Sell10b5-1 | 2,800 | $20.94 | $59K | Direct | Aug 23, 2006 (93d) |
| Apr 24, 2006 | WITS | ↓ Sell10b5-1 | 2,800 | $22.44 | $63K | Direct | Aug 23, 2006 (121d) |
| Mar 23, 2006 | WITS | ↓ Sell | 10,000 | $24.75 | $248K | Direct | Mar 24, 2006 (1d) |
| Aug 17, 2005 | WITS | ↓ Sell | 11,600 | $17.41 | $202K | Direct | Aug 18, 2005 (1d) |
| May 17, 2005 | WITS | ↓ Sell | 4,400 | $17.25 | $76K | Direct | May 19, 2005 (2d) |
Each row is one filing's trades in one stock, summed. Shares and prices are as filed, before any later stock split.
About John R Bourne's insider trades
John R Bourne is SVP, Alliances at Witness Systems (WITS). Since May 17, 2005, John has reported no open-market purchases and 11 sales worth $1.8M on SEC Form 4. There have been no open-market trades in the last 12 months.
6 sales (18% 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 option exercises (11 filings), grants and awards (2 filings). 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 WITS insider trade, the latest insider trades across the market, or cluster buys, when several insiders buy the same stock within days.