Apple REIT Ten
The local real estate investment trust disclosed that it raised $100 million through an offering of 9.52 million units at $10.50 per unit. Each unit consists of one common share and one preferred share. The company will continue the offering of an additional 172.72 million units at $11 each until Jan. 19, 2013.
The Brink’s Co.
Brink’s controller, Matthew Schumacher, exercised options for 5,512 shares worth $19.48 each, or $107,373. He then sold those shares for $31.36 each for a total of $172,856.
Genworth Financial
Chief Investment Officer Ronald Joelson exercised rights to 30,000 shares priced at $2.46 per share or $73,800. He then sold 13,554 shares for at market price $13.49 each or a total of $182,843.
Senior Vice President Kevin Schneider exercised rights to 27,000 shares priced at $2.46 each or $66,420. He then sold 10,781 shares for $13.49 per share or $145,435.
Insmed
The local pharmaceutical maker entered into an agreement with Chiltern International Inc., a pharmaceutical development services provider, to provide project management, clinical monitoring and data management related to phase III clinical studies of its latest drug, ArikaceTM, which treats cystic fibrosis and nontuberculous mycobacteria. Insmed acquired rights to the drug through its recent merger with New Jersey based Transave.
Massey Energy
CEO Baxter Philips exercised options for 164,982 shares for $4.68 million. He then sold those shares at market price for a total of approximately $10.8 million.
Several other Massey top execs exercised options for thousands of shares and sold them for more than double the exercise price.
NewMarket Corp.
The company declared a quarterly dividend of $0.44 per share of common payable April 1 to shareholders of record at the close of business on March 15.
Owens & Minor
Grace Denttartog, the company’s general counsel, exercised options for 1,000 shares with an exercise price of $19.72. She then sold those shares at market price for $31 each or $31,000.
Director Marshall Acuff exercised options for 7,500 shares valued at $16.05 per share.
SouthPeak Interactive Corp.
The company reported a $2.08 million loss for the quarter ending Dec. 31. That loss is slightly less than the $2.64 million it lost in the same period of 2009. For the last six months of 2010, SouthPeak lost $3.2 million, compared to a loss of $1.9 million in the second half of 2009. The video game maker’s revenue for the quarter was down more than $2.5 million to $7.47. Its revenue for the second half of the year was $8.9 million, down from $26.77 million a year earlier. The company said there is substantial doubt about its ability to continue as a going concern. The company said it will look to cut expenses and may look to raise additional capital.
Tredegar
Tredegar awarded its top executives incentive payments for performance in 2010. Most notably, President and CEO Nancy Taylor received a $957,709 incentive payment.
Director Norman Sher sold 10,202 shares for $19.60 a piece or $199,959.
Village Bank & Trust Financial Corp.
Director Michael Katzen bought 1,000 shares for $3.40 per share. He owns more than 12,000 shares of Village stock.
Apple REIT Ten
The local real estate investment trust disclosed that it raised $100 million through an offering of 9.52 million units at $10.50 per unit. Each unit consists of one common share and one preferred share. The company will continue the offering of an additional 172.72 million units at $11 each until Jan. 19, 2013.
The Brink’s Co.
Brink’s controller, Matthew Schumacher, exercised options for 5,512 shares worth $19.48 each, or $107,373. He then sold those shares for $31.36 each for a total of $172,856.
Genworth Financial
Chief Investment Officer Ronald Joelson exercised rights to 30,000 shares priced at $2.46 per share or $73,800. He then sold 13,554 shares for at market price $13.49 each or a total of $182,843.
Senior Vice President Kevin Schneider exercised rights to 27,000 shares priced at $2.46 each or $66,420. He then sold 10,781 shares for $13.49 per share or $145,435.
Insmed
The local pharmaceutical maker entered into an agreement with Chiltern International Inc., a pharmaceutical development services provider, to provide project management, clinical monitoring and data management related to phase III clinical studies of its latest drug, ArikaceTM, which treats cystic fibrosis and nontuberculous mycobacteria. Insmed acquired rights to the drug through its recent merger with New Jersey based Transave.
Massey Energy
CEO Baxter Philips exercised options for 164,982 shares for $4.68 million. He then sold those shares at market price for a total of approximately $10.8 million.
Several other Massey top execs exercised options for thousands of shares and sold them for more than double the exercise price.
NewMarket Corp.
The company declared a quarterly dividend of $0.44 per share of common payable April 1 to shareholders of record at the close of business on March 15.
Owens & Minor
Grace Denttartog, the company’s general counsel, exercised options for 1,000 shares with an exercise price of $19.72. She then sold those shares at market price for $31 each or $31,000.
Director Marshall Acuff exercised options for 7,500 shares valued at $16.05 per share.
SouthPeak Interactive Corp.
The company reported a $2.08 million loss for the quarter ending Dec. 31. That loss is slightly less than the $2.64 million it lost in the same period of 2009. For the last six months of 2010, SouthPeak lost $3.2 million, compared to a loss of $1.9 million in the second half of 2009. The video game maker’s revenue for the quarter was down more than $2.5 million to $7.47. Its revenue for the second half of the year was $8.9 million, down from $26.77 million a year earlier. The company said there is substantial doubt about its ability to continue as a going concern. The company said it will look to cut expenses and may look to raise additional capital.
Tredegar
Tredegar awarded its top executives incentive payments for performance in 2010. Most notably, President and CEO Nancy Taylor received a $957,709 incentive payment.
Director Norman Sher sold 10,202 shares for $19.60 a piece or $199,959.
Village Bank & Trust Financial Corp.
Director Michael Katzen bought 1,000 shares for $3.40 per share. He owns more than 12,000 shares of Village stock.