NAP exec shorts own stock

Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:

– Aber Resources (ABZ-T) — John Lamacraft, director, bought 25,000 shares at $9.50 to hold 100,000 shares; John Parker, director, exercised 50,000 options at $7.87 and sold 24,400 shares at $9.20-9.78 to hold 130,000 options and 55,600 shares; Robert Gannicott, director, exercised 200,000 options at $7.90 to hold 430,000 options and 859,050 shares directly or indirectly; David Thomas, director, exercised 300,000 options at $7.50 and sold 100,000 shares at $8.75 to hold 30,000 options and 747,231 shares directly or indirectly; and Eira Thomas, director, was granted 15,000 options, which can be converted to shares at $9.10 apiece, to hold 55,000 options.

– Aurogin Resources (AUQ-V) — Henry Reimer, director, exercised 80,000 options at 15 and sold 80,000 shares at 28 to hold 7,500 options and 22,500 shares; and Edward Thompson, director, exercised 104,000 options at 15 and sold 104,000 shares at 28 to hold 55,000 options and 435,500 shares.

– Minefinders (MFL-T) — Mark Bailey, director, was granted 160,000 options at $1.10 apiece, exercised an equivalent number at 75 or $1.25 and sold 160,000 shares at $1.10 to hold 867,500 options and 102,700 shares; Paul MacNeil, director, was granted 85,000 options at $1.10, exercised an equivalent number at 75 or $1.25 and sold 85,000 shares at $1.10 to hold 80,900 options and 200,000 shares; and Tench Page, officer, was granted 40,000 options at $1.10, exercised an equivalent number at 75 or $1.25 and sold 40,000 shares at $1.10 to hold 565,000 options and 60,900 shares.

– North American Palladium (NAP-T) — Richard Sutcliffe, director, exercised 4,000 options at $1.50 and sold 4,000 shares at $9 to hold 21,228 options and an unspecified number of shares; and John Chapman, director, shorted 2,000 shares at $8.25 or $8.30, exercised 10,000 options at $1.40 or $2.70 and sold 10,000 shares at $8.50-9.35 to hold 3,510 options and nine shares.

– Queenstake Resources (QRL-T) — Peter Bojitos, director, was granted 50,000 options at 16 to hold 50,000 options; Christopher Davie, director, bought 45,000 shares at 17-19 and was granted 50,000 options at 16 to hold 120,981 shares and 353,500 options; Grant Edey, director, was granted 50,000 options at 16 to hold 115,525 options; James Mancuso, director, bought 100,000 shares at 17-20 and was granted 50,000 options at 16 to hold 734,323 shares and 344,657 options; Doris Meyer, officer, was granted 50,000 options at 55 to hold 274,992 options; and Dorian Nicol, director, was granted 50,000 options at 16 to hold 282,800 options.

– Winspear Resources (WSP-V) — John Greig, director, indirectly sold 87,000 shares at 50-$2.30 and was granted 100,000 options directly at $2.20 to hold 810,000 shares directly or indirectly and 605,000 options directly.