Airtran Officers selling some stock..

[Frequency]

is there something happening or is this just normal?

http://www.gurufocus.com/news.php?id=87912

CEO Recent Trades:

• Sell:: PRESIDENT/CEO Robert L Fornaro sold 2,500 shares of AAI stock on 03/17/2010 at the average price of 5.42.
• Sell:: PRESIDENT/CEO Robert L Fornaro sold 10,000 shares of AAI stock on 02/22/2010 at the average price of 5.06, the price of the stock has increased by 7.11% since.
• Sell:: PRESIDENT/CEO Robert L Fornaro sold 10,000 shares of AAI stock on 02/22/2010 at the average price of 5.06, the price of the stock has increased by 7.11% since.
• Sell:: PRESIDENT/CEO Robert L Fornaro sold 37,388 shares of AAI stock on 11/03/2009 at the average price of 4.21, the price of the stock has increased by 28.74% since.

Directors and Officers Recent Trades:

• Sell:: SR VP OPERATIONS Stephen J Kolski sold 10,000 shares of AAI stock on 02/25/2010 at the average price of 4.8, the price of the stock has increased by 12.92% since.
• Sell:: SR. VP. CUSTOMER SERVICE Alfred J Smith Iii sold 7,311 shares of AAI stock on 02/09/2010 at the average price of 4.74, the price of the stock has increased by 14.35% since.
• Sell:: SR VP OPERATIONS Stephen J Kolski sold 33,493 shares of AAI stock on 02/09/2010 at the average price of 4.74, the price of the stock has increased by 14.35% since.
• Sell:: 10% Owner Investment Partners Lp Par sold 42,900 shares of AAI stock on 09/28/2009 at the average price of 6.51, the price of the stock has decreased by 16.74% since.
• Sell:: 10% Owner Investment Partners Lp Par sold 44,316 shares of AAI stock on 09/25/2009 at the average price of 6.5, the price of the stock has decreased by 16.62% since.

 

[maxblast72]

Considering Fornaro has around 900,000 shares of stock under his control and the whole Board of Directors and senior executive officers of Airtran have 2.5 million shares of AAI, these recent sales don't appear to large. Fornaro's sale on 3/17/10 is big enough to buy a kid a decent used car.

This large amount of stock owned by upper management is some of our largest leverage on management. If they take a strike, they risk losing their 2.5 million shares if Airtran does end up filing Chapter 11 (shares would essentially become worthless). I don't see management letting that happen.

 

[JerryLundegaard]

None of those links for the officers names work. 404 errors come up.

 

[Dieterly]

Shouldn't this be in the Majors section?

 

[RIDETHELIGHTING]

somebody must of needed a new toy..

 

[mkingmei]

Seems like everyones a Major now

If Airtran is a major, ASA needs to be in there too.

 

[Mike man]

It is part of their compensation...all the C level guys and VP type all buy shares for pennies on the dollar and sell them at market price, or they are just given X number of shares to hold on to for a specified time then they can do what they want with them.

If you pick just about any company, and click on "INSIDER TRANSACTIONS" it will list the buy and sell orders these guys have put as well as any majority or large share holder. I don't think we have a new ENRON on our hands.

http://finance.yahoo.com/q/it?s=AAI

One insider trading company I always enjoy looking at the RJET, these guys make a boat load of money buying shares at $1.00 a piece and selling them for 12.50 or whatever the market price is.

 

[RIDETHELIGHTING]

If Airtran is a major, ASA needs to be in there too.

That really doesn't make sense, since they don't generate any revenue on their own. Its not hard to make money when every flight is guaranteed to brung in money.

 

[PropPiedmont]

Maybe they want to sell before the strike vote is in. Would look kind of bad if a strike authorization is approved, and then all the execs sell their stock.

 

[Colonel Savage]

But if they wait for the strike vote passes to sell, it would be too late. Oh, wait...