Yep, we're looking at the same thing. Not sure if the detailed insider transactions (pulled from SEC filings) are supposed to agree to the net share purchase sale activity in the first section, or if that only represents a portion of the total. I suspect the latter since the individual reporting requirements are pretty high.

On the other hand, taken from Note 12 in their latest annual report:

quote:
Historically, we have settled all vesting awards in cash. The July 21, 2014 vesting of the July 21, 2013 and 2012 Performance Unit awards were settled 50% in common stock

Maybe certain employees took their performance bonus in stock and immediately cashed out?

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Posted by LSURussian

Member since Feb 2005

126966 posts

Posted on 9/10/14 at 7:55 pm to sneakytiger

quote:
Maybe certain employees took their performance bonus in stock and immediately cashed out?

That sounds plausible.

I searched and didn't find any tender offers announced which makes sense because that would usually drive the price up rather than seeing the recent pretty drastic decline in price.

Of course not all employees selling would be considered insiders. And the ones who are insiders would likely hold onto their shares if they knew of a company sniffing around to buy EXXI which was my original point earlier. I'm not saying they are not a buyout candidate, just that it's unlikely something is in the works now based on the unusually high amount of insider selling.

For comparison during the last 6 months XOM has seen less that 1/4 the number of shares sold by insiders and they have over 4.25 billion shares outstanding compared to EXXI's 78 million shares.

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