I’m actually just in the process of starting an analysis on HCP, one of the highlighted medical REIT’s when this came across the newswires;
NEW YORK (AP) - A director of health care facility real estate investment trust HCP Inc. exercised options for 14,000 shares of common stock, according to a filing with the Securities and Exchange Commission.
In a Form 4 filed with the SEC Tuesday, Robert R. Fanning Jr. reported he exercised the options on Thursday for $16.88 apiece, then sold all 14,000 shares on the same day for $29.05 to $29.92 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies’ shares. Open market purchases and sales must be reported within two business days of the transaction.
HCP is based in Long Beach, Calif.
Never like to see this in a stock that I’m considering as a long position, however, a Director is preferrable to the CEO or CFO.
