Randy B. Spell insider trades: Lorillard (LO) stock sales
Trades on the price chart
Daily close, with an arrow on each day they bought or sold
Companies
Where Randy reports to the SEC
Open-market buys and sales
6 trades reported on SEC Form 4, newest first
| Date | Stock | Type | Shares | Price | Value | Holding | Reported |
|---|---|---|---|---|---|---|---|
| Feb 20, 2015 | LO | ↓ Sell10b5-1 | 7,056 | $67.75 | $478K | Direct | Feb 20, 2015 (0d) |
| Feb 20, 2014 | LO | ↓ Sell10b5-1 | 12,379 | $47.28 | $585K | Direct | Feb 21, 2014 (1d) |
| Oct 28, 2013 | LO | ↓ Sell | 116,395 | $50.32 | $5.9M | Direct | Oct 29, 2013 (1d) |
| Feb 27, 2013 | LO | ↓ Sell10b5-1 | 12,964 | $38.57 | $500K | Direct | Feb 27, 2013 (0d) |
| Mar 14, 2012 | LO | ↓ Sell10b5-1 | 2,175 | $129.82 | $282K | Direct | Mar 15, 2012 (1d) |
| May 2, 2011 | LO | ↓ Sell | 36,975 | $107.22 | $4.0M | Direct | May 4, 2011 (2d) |
Each row is one filing's trades in one stock, summed. Shares and prices are as filed, before any later stock split.
About Randy B. Spell's insider trades
Randy B. Spell is Executive Vice President at Lorillard (LO). Since May 2, 2011, Randy has reported no open-market purchases and 6 sales worth $11.7M on SEC Form 4. There have been no open-market trades in the last 12 months.
4 sales (16% 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 (18 filings), shares returned to the company (3 filings), option exercises (2 filings), shares withheld for taxes (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 LO insider trade, the latest insider trades across the market, or cluster buys, when several insiders buy the same stock within days.