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gnulaw (53.80)

[Update1] Geeknet (LNUX) CFO, Patricia Morris, Insiders, Continue Dumping Shares Ahead of Q2 Numbers

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July 02, 2010 – Comments (2) | RELATED TICKERS: YHOO , AMZN , GKNT

[Update1] Geeknet (LNUX) CFO, Patricia Morris, Insiders, continue dumping LNUX shares ahead of Q2 numbers.

Geeknet (LNUX) Insiders dumping shares ahead of q2 numbers (ending June 30, 2010)...while accepting substantial stock bonuses for non-performance and sustained shareholder value destruction. Alleged Violation(s) of Geeknet Insider Trading Compliance Program Guidelines?, SEC Rule 10b-5?, Sarbanes-Oxley? During insider blackout period?


Form 4 (Stock Sells)


Patricia Morris, Chief Financial Officer   12,217 7/1/2010 and 12,218 6/11/2010

James Seirmarco, General Counsel, 6,109 6/11/2010

James Seirmarco, General Counsel, 6,110 6/4/2010

Mike Rudolph, Chief Marketing Officer, 9,774 6/11/2010

Mike Rudolph, Chief Marketing Officer, 6,110 6/11/2010 


Form 4 Ten-year Stock Options (Issuances) 

Patricia Morris, CFO, 75,000 shares 4/22/2010

James Seirmarco, General Counsel, 100,000 shares 4/22/2010

Mike Rudolph, Chief Marketing Officer, 50,000 shares 4/22/2010


Source: SECFilings.com

 

2 Comments – Post Your Own

#1) On July 02, 2010 at 8:11 PM, gnulaw (53.80) wrote:

Update1 (See original June 16, 2010 story)

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#2) On July 12, 2010 at 12:15 PM, gnulaw (53.80) wrote:


It's not looking good for Geeknet (LNUX)s CFO.

 

>>2. (September 22, 2008) US SEC FORM 8-K. In Re: Suzanne Present elected to SourceForge Board of Directors, signed by Patricia M. Morris, Senior Vice President and Chief Financial Officer, SourceForge (LNUX).  "...There are no family relationships between Ms. Present and any executive officers, directors, or other employees of Registrant. Ms. Present has no material interests in any transactions or proposed transactions with Registrant...". See SEC Rule 10b-5, Item 404 of Regulation S-K, and Section 406 of the Sarbanes-Oxley Act of 2002.


Source: [Update1] 13D Shareholder Appointed to Board [but] SourceForge (LNUX) Fails to Disclose this Fact. Story Developing.

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