Communications Systems Inc Brocade, 10% Owner at FOUNDRY NETWORKS INC (FDRY), bought 5,037,666 shares at $16.86 ($87.6M) on 2008-09-17, disclosed to the SEC on 2008-09-24.
Scheduled purchase ($87.6M) by 10% Owner under a pre-arranged 10b5-1 plan. Pre-set trade — not a discretionary signal on the stock.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $16.14 | 573,666 | $9.3M | 10.6% |
| 2 | $16.86 | 293,379 | $4.9M | 5.6% |
| 3 | $16.22 | 695,192 | $11.3M | 12.9% |
| 4 | $16.79 | 171,853 | $2.9M | 3.3% |
| 5 | $17.75 | 1,000,000 | $17.8M | 20.3% |
| 6 | $18.11 | 1,151,788 |
| $20.9M |
| 23.8% |
| 7 | $17.87 | 1,151,788 | $20.6M | 23.5% |
| Total | $17.38 avg | 5,037,666 | $87.6M | 100% |
| Filing → |