Insurance Co Clearwater, 10% Owner at International Coal Group, Inc. (ICO), bought 5,103,200 shares at $1.59 ($8.0M) on 2009-02-18, disclosed to the SEC on 2009-02-20.
Open-market purchase of $8.0M ICO 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 | $1.56 | 3,015,900 | $4.7M | 58.6% |
| 2 | $1.59 | 1,025,600 | $1.6M | 20.3% |
| 3 | $1.59 | 1,061,700 | $1.7M | 21.0% |
| Total | $1.57 avg | 5,103,200 | $8.0M | 100% |