Jeffrey Lindholm, SVP, Worldwide Sales at BROCADE COMMUNICATIONS SYSTEMS INC (BRCD), sold 779,256 shares at $12.39 ($9.6M) on 2017-03-15, disclosed to the SEC on 2017-03-17.
Open-market sale of $9.6M BRCD by SVP, Worldwide Sales. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $12.37 | 46,666 | $577K | 6.0% |
| 2 | $12.37 | 225,000 | $2.8M | 28.9% |
| 3 | $12.37 | 46,666 | $577K | 6.0% |
| 4 | $12.37 | 65,000 | $804K | 8.3% |
| 5 | $12.38 | 190,770 | $2.4M | 24.5% |
| 6 | $12.38 | 190,770 |
| $2.4M |
| 24.5% |
| 7 | $12.39 | 7,192 | $89K | 0.9% |
| 8 | $12.39 | 7,192 | $89K | 0.9% |
| Total | $12.38 avg | 779,256 | $9.6M | 100% |