Senior directors at ARM trade in shares following success of Q4

7th Feb 2013 15:57

The senior management board at ARM Holdings, the FTSE 100 chip designer, unveiled multiple share disposals on Thursday, with the transactions coming just one day after the group posted a 16 per cent rise in pre-tax profit for the fourth quarter. Warren East, the Chief Executive Officer of ARM since 2001, sold 200,000 shares at 927.34p each, earning himself a total of £1.85m. The sale was made alongside the disposal of 135,513 shares which he had exercised at an option price of 132.5p and sold for 929.42p. His stake in the company now stands at just under 1.09m shares. Tim Score, who has been the Chief Financial Officer of the company for over 10 years, also traded in 200,000 shares, although his were disposed of at 923p, generating £1.8m. He also exercised options over shares, subsequently selling all 114,959 at 922.12p. A similar transaction was made by Mike Muller, one of the founders of the group and also its Chief Technology Officer, who traded in 200,000 shares at 927.12p a time, and sold another 80,830 shares following the exercise of options over those shares. He now holds 1.14m shares in the company. The group said Tuesday that revenues for the three month period totalled £164.2m, up 19% year-on-year, beating the £151m forecast by analysts at Jefferies International. Earnings per share for the period rose 10% to 4.08p, slighting ahead of market expectations of 4.07p. Top Director BuysJPMorgan Indian Inv Trust (JII) Director name: Mr Nimi PatelAmount purchased: 39,000 @ 394.30p Value: £153,777North Atlantic Smaller Companies Inv Trust (NAS) Director name: Mr Christopher MillsAmount purchased: 5,000 @ 1,319.00p Value: £65,950Smith (DS) (SMDS) Director name: Mr Gareth DavisAmount purchased: 21,900 @ 229.80p Value: £50,326Top Director SellsExperian (EXPN) Director name: Mr Don RobertAmount sold: 552,453 @ 1,103.76p Value: £6,097,755ARM Holdings (ARM) Director name: Mr Warren EastAmount sold: 200,000 @ 927.34p Value: £1,854,680ARM Holdings (ARM) Director name: Mr Mike MullerAmount sold: 200,000 @ 927.12p Value: £1,854,240ARM Holdings (ARM) Director name: Mr Tim ScoreAmount sold: 200,000 @ 923.00p Value: £1,846,000ARM Holdings (ARM) Director name: Mr Warren EastAmount sold: 136,513 @ 929.42p Value: £1,268,779ARM Holdings (ARM) Director name: Mr Tim ScoreAmount sold: 114,959 @ 922.12p Value: £1,060,060ARM Holdings (ARM) Director name: Mr Mike InglisAmount sold: 80,830 @ 930.14p Value: £751,832ARM Holdings (ARM) Director name: Mr Mike MullerAmount sold: 80,830 @ 922.11p Value: £745,342ARM Holdings (ARM) Director name: Mr Simon SegarsAmount sold: 75,441 @ 921.67p Value: £695,317ARM Holdings (ARM) Director name: Mr Simon SegarsAmount sold: 75,000 @ 922.17p Value: £691,628