Monday, 11 August 2008 01:00

Even more margin calls at GGP?

Jean Schlemmer, the Chief of Corporate Development at GGP, has just dumped 50,000 shares @ $27.29 (totalling just under $1.4 million), a full 25% of his/her total holdings in the company. My assumption is that this is a margin call, for if it is not it is very bearish for the company. A straight sale portends the C-suite crew losing confidence in the company while the stock is near a 104 week low - or maybe this particular person just needed $1.4 million for personal reasons. One never knows in this day and age. See the filings for yourself:

http://www.sec.gov/Archives/edgar/data/895648/000118302708000003/xslF345X03/primary_doc.xml

For more on my take on GGP:

Last modified on Monday, 11 August 2008 01:00

2 comments

  • Comment Link Derek Syphrett Monday, 11 August 2008 22:38 posted by Derek Syphrett

    I work at a company that analyzes insider filings. http://www.InsiderScore.com. The GGP insider filing by Jean Schlemmer was a margin call. It was noted on the Form-4 in the notes section

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  • Comment Link Donald Ruffkin Monday, 11 August 2008 21:45 posted by Donald Ruffkin

    No assumption needed. Check out the footnote: "Sold to fund margin call."

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