S.p.A. El.En.

S.p.A. El.En. is 10% at CYNOSURE INC (CYNO). They have made 2 open-market trades across 1 company since 2007, most recently 2012-11-21.

CIK 0001346105

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Unrated. We grade insiders only on stock they chose to buy on the open market. Grants, option exercises and vesting say nothing about timing, so they don't count — which is why someone can file often and still have no grade. It isn't a bad sign: unrated buys beat every graded tier below A.

0 open-market purchases, against 2 sales. Too few scored purchases to measure a record yet.

Current Position

Ticker	Shares	Value
CYNO	840,000	$55.4M

Shares reported on the most recent Form 4, priced at the 2012-11-26 close.

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Sell Track Record

Filings2

Only 2 decision-sell filings — too few to score

Decision sells only — a first sale after buying the stock, or a sale by a fund or 10% owner. Ordinary sales by officers and directors show no relationship to what the stock does next, so they are counted but not scored.