Johan Christenson, 10% Owner at TENGION INC (TNGN), bought 2,473,500 shares at $2.83 ($7.0M) on 2011-03-04, disclosed to the SEC on 2011-03-08.
Open-market purchase of $7.0M TNGN by 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $2.83 | 37,102 | $105K | 1.5% |
| 2 | $2.83 | 99,002 | $280K | 4.0% |
| 3 | $2.83 | 980,480 | $2.8M | 39.6% |
| 4 | $2.83 | 1,356,916 | $3.8M | 54.9% |
| Total | $2.83 avg | 2,473,500 | $7.0M | 100% |
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