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gnulaw (52.10)

Geeknet (LNUX) Issues 550,000 Insider Shares...during insider blackout period?

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April 27, 2010 – Comments (1) | RELATED TICKERS: AMZN , BBY , GKNT

With only eight business days until Geeknet (LNUX)s Q1 2010 earnings announcement Geeknet disturbingly issues insiders 550,000 shares of ten-year options. Apparently Geeknet (LNUX) has never heard of an insider trading window.

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#1) On May 05, 2010 at 6:06 PM, gnulaw (52.10) wrote:

Geeknet (LNUX) issues another 40,000 share options at $0.00 to four Geeknet insiders on eve of Q1 earnings announcement. Geeknet CTO, Jay Seirmarco,  signs off for insiders.


( 1) This restricted stock award will vest 50% on date of grant and the remaining 50% on the one year anniversary of the date of grant.

 

 

Signatures

 /s/ James Jay Seirmarco For: Michael Sileck 5/5/2010

/s/ James Jay Seirmarco For: Robert Neumeister 5/5/2010

/s/James Jay Seirmarco For: Andrew Anker 5/5/2010

/s/ James Jay Seirmarco For: David Wright 5/5/2010

 


Source: SECfilings.com May 5, 2010

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