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Officer accumulates through options at ShawCor

Pipeline services firm ShawCor Ltd. is a stock that has recently popped up on our screens. This month, an officer exercised 10,000 options at $16.90 and did not subsequently sell. The class A shares closed that day at $37.33 meaning that the executive left $200,000 in potential profits on the table. Director Heather Ann Shaw also bought 6,600 class A shares at an average price of $35.41. Although she subsequently gifted the same number of shares, we would put more emphasis on the purchases in this case.

Disclaimer:

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com . Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Graph Footnote:

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

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