Apple REIT Nine
A class action suit filed against the company on Nov. 16 was dismissed on Dec. 19. The plaintiff, who voluntarily dismissed the complaint, is an Apple REIT Nine shareholder. The suit was filed in the Supreme Court of the State of New York against the company, its CEO Glade M. Knight, and its broker David Lerner Associates.
CarMax
Ronald Blaylock, a director, exercised options for 8,110 shares for a total exercise price of $132,000. He then sold those shares for $243,000.
Senior Vice President William Wood Jr. exercised options for 40,000 shares at $17.20 each or $688,000. He then sold those shares at market price for $30.02 each or a total of $1.2 million.
CFO Thomas Reedy Jr. was granted stock options for 14,952 shares with an exercise price of $30.24 per share. The options expire in 2018.
Star Scientific
On Dec. 22 the company entered into an agreement with an unnamed accredited investor who was issued 4.2 million shares with an exercise price of $2.32 per share. The agreement was to induce the investor into immediately exercising previously issued warrants for the same number of shares at $1.50 per share, which gave give Star Scientific proceeds of $6.3 million.
Union First Market Bankshares
Douglas Caton, a director, bought 1,461 shares for $13.55 each. The shares are held in the name of Caton’s children.
Apple REIT Nine
A class action suit filed against the company on Nov. 16 was dismissed on Dec. 19. The plaintiff, who voluntarily dismissed the complaint, is an Apple REIT Nine shareholder. The suit was filed in the Supreme Court of the State of New York against the company, its CEO Glade M. Knight, and its broker David Lerner Associates.
CarMax
Ronald Blaylock, a director, exercised options for 8,110 shares for a total exercise price of $132,000. He then sold those shares for $243,000.
Senior Vice President William Wood Jr. exercised options for 40,000 shares at $17.20 each or $688,000. He then sold those shares at market price for $30.02 each or a total of $1.2 million.
CFO Thomas Reedy Jr. was granted stock options for 14,952 shares with an exercise price of $30.24 per share. The options expire in 2018.
Star Scientific
On Dec. 22 the company entered into an agreement with an unnamed accredited investor who was issued 4.2 million shares with an exercise price of $2.32 per share. The agreement was to induce the investor into immediately exercising previously issued warrants for the same number of shares at $1.50 per share, which gave give Star Scientific proceeds of $6.3 million.
Union First Market Bankshares
Douglas Caton, a director, bought 1,461 shares for $13.55 each. The shares are held in the name of Caton’s children.