SCO Insider Trades

GROKLAW ^

[shadowman99]

SCO Insider Trades Here's a list of all the insider trades since 2002 that I could find so far. I compiled it from SEC public records. I am seeing approximately $1,375,654 in sales since March. I can't guarantee 100% accuracy, though my eyeballs are melting and my head about to explode from trying for it. It's surely the big picture: 11-Aug-03 (8/8/03) - BENCH ROBERT K., CFO 7000 ... $10.90 . . . value= $76,300.00 221,043 shares still owned after transaction. 07-Aug-03 (8/5/03) BROUGHTON REGINALD CHARLES, Sr VP Int'l Sales 1900 . . . $12.57 . . . $23,883.00 3100 . . . $12.56 . . . $38,936.00 120,000 shares still owned after transaction. 01-Aug-03 (7/30/03) - BROUGHTON REGINALD CHARLES, Sr VP Int'l Sales 100 . . . $12.81 . . . $1,281.00 4900 . . . $12.80 . . . $62,720.00 125,000 shares still owned after transaction. 24-Jul-03 (7/23/03) - HUNSAKER JEFF F., VP, Worldwide Mktng 900 . . . $13.44 . . . $12,096 100 . . . $13.43 . . . $1343 500 . . . $13.4 . . . $6700 100 . . . $13.35 . . . $1335 3400 . . . $13.3 . . . $45,220 20,494 shares still owned after transaction. 24-Jul-03 (6/2/03) - RAIMONDI THOMAS P. JR., Director 10000 (Non-Qualified Stock Option 6/2/03 ([right to buy]) price $6.13 . . . $0.00 . . . $0.00= Grant of options (Grant to Reporting Person of a nonqualified stock option to buy shares of Common Stock under the Company's 1999 Omnibus Stock Incentive Plan. The option vests over a two-year perod commencing from grant date.) 24-Jul-03 - CAKEBREAD STEVEN 10,000 (Non-Qualified Stock Option (right to buy) $4.75) (Grant to a Reporting Person of a Non-Qualified stock option to buy shares of Common Stock under the Company's 1999 Omnibus Stock Incentive Plan. The option vests over a two-year period commencing from grant date and represents an option received subsequent to Stockholder approval and election of each Board Member to serve on the Company's Board for the 2003 fiscal year.) . . $0.000 . . . $0.00= Grant of options 5/16/03 24-Jul-03 - IACOBUCCI EDWARD E., Director 10,000 (Non-Qualified Stock Option [right to buy] -- $4.75) . . . $0.00 . . . $0.00= Grant of options 5/16/03 ("Grant to a Reporting Person of a Non-Qualified stock option to buy shares of Common Stock under the Company's 1999 Omnibus Stock Incentive Plan. The option vests over a two-year period commencing from grant date and represents an option received subsequent to Stockholder approval and election of each Board Member to serve on the Company's Board for the 2003 fiscal year.") 24-Jul-03 - THOMPSON DUFF, Director 10,000 Non-Qualified Stock Option (right to buy)(Grant to a Reporting Person of a Non-Qualified stock option to buy shares of Common Stock under the Company's 1999 Omnibus Stock Incentive Plan. The option vests over a two-year period commencing from grant date and represents an option received subsequent to Stockholder approval and election of each Board Member to serve on the Company's Board for the 2003 fiscal year. ) price=$4.75 . . . $0.0 . . . $0.00= Grant of options 24-Jul-03 - YARRO RALPH J., Director 10000 (Non-Qualified Stock Option [right to buy] price $4.75 5/16/03 (Grant to a Reporting Person of a Non-Qualified stock option to buy shares of Common Stock under the Company's 1999 Omnibus Stock Incentive Plan. The option vests over a two-year period commencing from grant date and represents an option received subsequent to Stockholder approval and election of each Board Member to serve on the Company's Board for the 2003 fiscal year.). . . $0.000 . . . $0.00= Grant of options 24-Jul-03 - MOTT G DARCY, Director 10,000 (Non-Qualified Stock Option 5/16/03 [right to buy] - $4.75) . . . $0.00 . . . $0.00= Grant of options (Grant to a Reporting Person of a Non-Qualified stock option to buy shares of Common Stock under the Company's 1999 Omnibus Stock Incentive Plan. The option vests over a two-year period commencing from grant date and represents an option received subsequent to Stockholder approval and election of each Board Member to serve on the Company's Board for the 2003 fiscal year. ) 24-Jul-03 (7/22/03) - BROUGHTON REGINALD CHARLES, Sr VP Int'l Sales 100 . . . $13.2 . . . $1,320.00 200 . . . $13.19 . . . $2,638.00 3000 . . . $13.07 . . . $39,210.00 800 . . . $13.02 . . . $10,416.00 10800 . . . $12.91 . . . $139,428.00 3700 . . . $13.13 . . . $48,581.00 1300 . . . $13.1 . . . $17,030.00 100 . . . $13 . . . $1,300.00 130,000 shares still owned after transaction. 18-Jul-03 (7/15/03) - WILSON MICHAEL SEAN, Sr Vp Corp Dev 6000 acquired . . . -$0.66 . . . -$3,960.00 2000 . . . $10.8 . . . $21,600.00 4000 . . . $10.66 . . . $42,640.00 0 shares still owned after transaction. The 6,000 acquired, Non-Qualified Stock Option (right to buy), were at $0.66. 16-Jul-03 (7/14/03)- WILSON MICHAEL SEAN, Sr Vp Corp Dev 6000 . . . -$0.66 . . . -$3,960.00 200 . . . $10.87 . . . $2,174.00 4800 . . . $10.85 . . . $52,080.00 700 . . . $10.80 . . . $7,560.00 300 . . . $10.77 . . . $3,231.00 0 shares still owned after transaction. The 6,000 acquired, Non-Qualified Stock Option (right to buy), were at $0.66. 14-Jul-03 (7/11/03)- OLSON MICHAEL P., VP Finance 1100 . . . $10.99 . . . $12,089.00 1000 . . . $10.41 . . . $10,410.00 900 . . . $10.51 . . . $9,459.00 1000 . . . $10.42 . . . $10,420.00 1000 . . . $10.4 . . . $10,400.00 2000 . . . $10.45 . . . $20,900.00 1000 . . . $10.53 . . . $10,530.00 58,830 shares still owned after transaction. 18-Jul-03 (6/13/03) - McBRIDE DARL C., President, CEO 7003 acquired . . . $0.001=price . . . 15,003 owned after transaction. 9-Jul-03 - HUNSAKER JEFF F., VP, Worldwide Mktng 4500 . . . $11.80 . . . $53,100.00 100 . . . $11.76 . . . $1,176.00 100 . . . $11.814 . . . $1,181.40 100 . . . $11.812 . . . $1,181.20 200 . . . $11.81 . . . $2,362.00 25,494 shares owned after transactions. 9-Jul-03 (7/8/03)- BENCH ROBERT K., CFO 3700 . . . $11.10 . . . $41,070.00 300 . . . $11.12 . . . $3,336.00 550 . . . $11.05 . . . $6,077.50 2450 . . . $10.91 . . . $26,729.50 228,043 shares still owned after transaction. 9-Jul-03 (7/8/03 - BROUGHTON REGINALD CHARLES, Sr VP Int'l Sales 3790 . . . $10.9 . . . $41,311.00 1210 . . . $10.95 . . . $13,249.50 150,000 shares still owned after transaction. 9-Jul-03 - SKOUSEN K. FRED, Director 45000 (Non-Qualified Stock Option [right to buy])(Grant to Reporting Person of a non-qualified stock option to buy shares of Common Stock under the Company's 2002 Omnibus Stock Incentive Plan. The option vests over a two-year period commencing from the grant date.) . . . Grant of option to buy 45,000 at $10.25 Date exercisable= 6/26/2004 30-Jun-03 (6/25/03) - BROUGHTON REGINALD CHARLES, Sr VP Int'l Sales 5000 . . . $10 . . . $50,000.00 155,000 shares still owned after transaction. 23-Jun-03 (6/20/03) - BROUGHTON REGINALD CHARLES, Sr VP Int'l Sales 2700 . . . $11.08 . . . $29,916.00 2300 . . . $11.1 . . . $25,530.00 160,000 shares still owned after transaction. 18-Jun-03 - MCBRIDE DARL C., President, CEO 7003 . . . price= -$0.001 . . . -$7.00 15003 shares owned after the transaction. 12-Jun-03 (6/11/03) - OLSON MICHAEL P., VP Finance 1000 . . . $8.66 . . . $8,660.00 1000 . . . $8.65 . . . $8,650.00 2000 . . . $8.61 . . . $17,220.00 1000 . . . $8.6 . . . $8,600.00 1000 . . . $8.59 . . . $8,590.00 66,830 shares still owned after transaction. 9-Jun-03 (6/9/03)- BENCH ROBERT K., CFO 1900 . . . $9.3 . . . $17,670.00 400 . . . $9.2 . . . $3,680.00 500 . . . $9.201 . . . $4,600.50 200 . . . $9.19 . . . $1,838.00 4000 . . . $9.16 . . . $36,640.00 235,043 shares still owned after transaction. 9-Jun-03 (6/6/03)- HUNSAKER JEFF F., VP, Worldwide Marketing 5000 . . . $8.9 . . . $44,500.00 30,494 shares still owned after transaction. 5-Jun-03 (6/3/03)- BAWA OPINDER 15000 . . . $6.0 . . . $90,000.00 0 shares still owned after transaction. 5-Jun-03 (6/4/03) - BAWA OPINDER 7916 . . . -$1.2 . . . -$9,499.20 (Grant to Reporting Person on non-qualified stock options to buy shares of Common Stock under the Company's 1999 Omnibus Stock Incentive Plan. The option vests over a four-year period commencing from the Option Date.) 7916 . . . $6.6 . . . $52,245.60 15,000 shares still owned after transaction. 9-May-03 - BENCH ROBERT K., CFO 5000 . . . $0.000 . . . $0.00 Shares gifted in accordance with Insider's 10b5-1 trading plan filed with the Issuer. 240,860 shares owned after transaction. 9-Apr-03 (4/8/03)- BENCH ROBERT K., CFO 4100 . . . $2.9 . . . $11,890.00 241,094 shares owned after transaction. 28-Mar-03 (3/18/03)- HUNSAKER JEFF F., VP, Worldwide Mktng 100,000 acquired (Non-Qualified Stock Option $2.07). . . $0.000 . . . $0.00= Grant of 100,000 options 28-Mar-03 (3/18/03) - MCBRIDE DARL C., President, CEO 200,000 (Non-Qualified Stock Options $2.07). . . $0.000 . . . $0.00 200,000 shares beneficially owned following the transaction 28-Mar-03 (3/18/03)- OLSON MICHAEL P., VP Finance 50,000 (Non-Qualified Stock Option $2.07) . . . $0.000 . . . $0.00 50,000 shares beneficially owned following the transaction 28-Mar-03 (3/18/03)- BROUGHTON REGINALD CHARLES, Sr VP Int'l Sales 50,000 (Non-Qualified Stock Option $2.07) . . . $0.000 . . . $0.00 50,000 shares beneficially owned following the transaction 28-Mar-03 (3/18/03) - BENCH ROBERT K., CFO 100,000 acquired, nonqualified stock option,$2.07. . . $0.000 . . . $0.00 100,000 beneficially owned following the transaction 12-Mar-03 (3/10/03)- BENCH ROBERT K., CFO 7000 . . . $3.06 . . . $21,420.00 245,194 owned after transaction. NO INSIDER TRADES REPORTED IN FEBRUARY 2003 NO INSIDER TRADES REPORTED IN JANUARY 2003 NO INSIDER TRADES REPORTED IN DECEMBER 2002 NO INSIDER TRADES REPORTED IN NOVEMBER 2002 16-Oct-02 (10/14/02)- MCBRIDE DARL C., President, CEO (Director box also checked.) 3000 shares acquired, price=$1.13. . . -$1.13 . . . -$3,390.00 5,000 shares owned following transaction. (Note: This is what the form says, but it seems not to match the figure of 5,000 shares acquired Oct. 11, filed Oct. 15, 2002. Correct figure would seem to have to be 8,000, if the numbers acquired are accurate.) 15-Oct-02 (10/11/02) - MCBRIDE DARL C., President, CEO, (Director box also checked; Subject Company - Company Comformed Name is CALDERA INTERNATIONAL INC/UT ) 5000 shares acquired, price=$1.13 . . . -$1.130 . . . -$5,650.00 5,000 shares owned following transaction. TOTAL VALUE OF SHARES SOLD FROM MARCH 2003 to AUGUST 11, 2003= $1,375,654 This form, listed in the totals above, is interesting because of mentioning petroleum. It is listed by the SEC under Caldera, but the form itself says this about the company: COMPANY DATA: COMPANY CONFORMED NAME: BENCH ROBERT K CENTRAL INDEX KEY: 0001012655 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] RELATIONSHIP: OFFICER STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 I have no idea what this means about petroleum. I am just reporting it. The list above isn't financial advice, so don't rely on it for that, naturally. I have provided links so you can verify and do your own searching and comparing. I did think it'd be handy to have this as an overall reference for Thursday, when SCO says it will comment on the sales. Now that Bloomberg has reported on the story, it's useful to document the facts. As Groklaw reported earlier, the company decided to pay directors in stock a while back, and executives partly in stock. On the other hand, they did that before, and there wasn't the same level of activity. What I see is almost no activity until March, and then kaboom. I see no trading in 2001 at all. Dates are filing dates, followed by transaction dates, when there is a difference. If you note any errors, kindly let me know. Don't ask me what it means, because I can't say. Literally. IBM has given its opinion in its Amended Answer. I'm not an expert in this area. It's just the research I was able to find, which I present AS IS, as they say. Others can build on it. On this article, if you have important corrections, please email them to me. When I make corrections on an article, sometimes comments get erased. So, there you are, ready for Thursday.

© Copyright 2003 PJ. Last update: 8/13/03; 2:10:25 AM. This work is licensed under a Creative Commons License.

[shadowman99]

I've avoided posting SCO stories as FR Breaking News, but the paper trail on the stocks is starting to make me feel like I should.

[shadowman99]

ping

[taxcontrol]

I beleive this is called "pump and dump". Time for some fraud investigations.

[rdb3]

The Penguin Ping.

Wanna be Penguified? Just holla!

Got root?

[stainlessbanner]

Breaking News: More execs get rich by selling stock before company tanks.

Thanks for the ping rdb3

[Knitebane]

But, but, but, that can't be!

SCO is the perfect company, fighting to convert those heretical GPL users to the One True Way!

They are doing the work of their Lord and Saviour, His Billness and anything, anything! they do in His name will be forgiven in the the hereafter.

Right?

Right?!?!?

[Ernest_at_the_Beach]

Excellent work. SCO had the smell of a "Pump and Dump Operation"> this adds support to the smell!

OFFICIAL BUMP(TOPIC)LIST

[Liberal Classic]

Salt Lake Tribune's article on SCO execs unloading shares via Bloomberg.

[jammer]

I despise SCO and think their officers and attorneys have committed crimes that should put them in prison.

Having said that, check the percentages of stock sold. If we are really honest, we must say that they still own the overwhelming majority of their stock. In fact, on a percentage basis, most or all the sales are minor.

Thanks for the legwork though.

[shadowman99]

Not my legwork, that credit goes to Groklaw. Great site. I check it each day. Also very useful is lamlaw.

[dandelion]

You are so cool. Thank you for doing the work on this - someone had to compile the data and put it together for us to read!

Seriously, this spells the end of this little pump and dump scheme... what the judges won't stop, the stock market will. How tragic that Microsoft will have a legal souvenir of this illicit affair LONG after SCO has bid us all adieu...

Bwhahahahahaha!!

[shadowman99]

You are so cool.

Well... yes. I am that. Thanks. ;)

But as far as this part goes...
Thank you for doing the work on this - someone had to compile the data and put it together for us to read!
Please See #10

[Coral Snake]

I've looked at your "pump 'n' dump" evidence and it seems to me that Darl McBride, the main figure in the lawsuit is BUYING, not SELLING!!!

Another Linux penguin theory down the old tube.

This guy really thinks that he has a good case here.

[flashbunny]

I've looked at your "pump 'n' dump" evidence and it seems to me that Darl McBride, the main figure in the lawsuit is BUYING, not SELLING!!!

That might fly for someone not paying attention, but this is the summary of his transactions:

18-Jul-03 (6/13/03) - McBRIDE DARL C., President, CEO
7003 acquired . . . $0.001=price . . . 15,003 owned after transaction.

28-Mar-03 (3/18/03) - MCBRIDE DARL C., President, CEO
200,000 (Non-Qualified Stock Options $2.07). . . $0.000 . . . $0.00
200,000 shares beneficially owned following the transaction

16-Oct-02 (10/14/02)- MCBRIDE DARL C., President, CEO (Director box also checked.)
3000 shares acquired, price=$1.13. . . -$1.13 . . . -$3,390.00
5,000 shares owned following transaction. (Note: This is what the form says, but it seems not to match the figure of 5,000 shares acquired Oct. 11, filed Oct. 15, 2002. Correct figure would seem to have to be 8,000, if the numbers acquired are accurate.)

15-Oct-02 (10/11/02) - MCBRIDE DARL C., President, CEO, (Director box also checked; Subject Company - Company Comformed Name is CALDERA INTERNATIONAL INC/UT )
5000 shares acquired, price=$1.13 . . . -$1.130 . . . -$5,650.00
5,000 shares owned following transaction.

So he essentially spent about $9,000 on 8000 shares nearly a year ago. Not a lot for a CEO to spend. Also, I wouldn't be surprised if he was given a generous loan from the company to buy said shares.

This year he apparently is granted 200,000 stock options. Looks like he acquired 7003 shares in july...at $.001 each...a huge $7.00 expenditure on his part...that shows a lot of faith.

If I cared more and had time, I'd look into their filings to see if any loans to darl were disclosed. It looks to me like he bought in either to establish himself for the pump n' dump that appears to be happening, or he was the one doing it as a smoke screen so the other insiders can sell off their shares in this dead cat.

SCO has no future. Thay can no longer innovate so they litigate. The majority of insiders haved dumped shares. The one you cite as buying in spent a measly $9000, either of his bloated salary or granted money.It's hardly a major investment that would make informed parties say 'boy, he really must believe in his company'.

[Nick Danger]

That might fly for someone not paying attention

Still, you have to admire the sheer chutzpah of someone who will post a troll like that in a thread that consists of hardly anything except the evidence that his note is a troll.