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[Update5] Kenneth Langone Continues Buying Spree of Geeknet (GKNT) Shares. Day 11...as R&D Cut, SourceForge gutted. What is Langone's Endgame?

September 13, 2010 – Comments (3) | RELATED TICKERS: GKNT , BBY , IBM

Day 11. Kenneth Langone Continues Buying Spree of Geeknet (GKNT) Shares...as R&D is Cut,  Geek.net dated across entire website (visitor stats to events to press), SourceForge gutted, 25% staff cut internally announced early June, What is Langone's Endgame?   

(September 13, 2010) Total direct holdings at 628,661 after acquiring 1,400 shares September 9 - 10 on the open market.

(September 1, 2010) Total direct holdings climb to 627,461 after acquiring another 7,700 shares today, September 1st, on the open market.

(August 31, 2010) Total direct holdings climb to 619,761 after acquiring another 24,700 shares today, August 31st, on the open market.

(August 30, 2010) Kenneth Langone acquires another 60,010 shares on the open market 8/27 - 8/30 (today). Direct holdings now total 595,061 (1).

(August 27, 2010) Langone acquires an additional 30,000 Aug 24 and 37,712 Aug 25-26 bringing his total direct ownership to 534,951 shares.

(August 23, 2010) Langone acquires another 30,000 shares August 23rd for a total direct ownership of 467,339 shares.. Files SEC Form 4 August 24, 2010. 

(August 13, 2010) Kenneth Langone acquires 339,009 Shares on the Open Market August 11th driving shares up 10.94% on 5x ADV closing at Day High of $1.42 one week after Q2 numbers reported and during company housecleaning. Partners now Control over 30% common and 67% Board.

(August 12, 2010) Langone acquires another 98,330 shares on August 12th for a total direct ownership of 437,339 shares. Files SEC Form 4 August 13th, 2010. 

(August 11, 2010) Kenneth Langone Acquires 339,009 Shares on the Open Market August 11th making one of the top insider purchases for August 12th. Shares up 10.94% on 5x ADV closing at Day High of $1.42 (August 13).

Kenneth Langone acquires another 60,010 shares on the open market 8/27 - 8/30 (today). Direct holdings now total 595,061.

Note: . INVEMED SECURITIES IS OWNED BY KENNETH LANGONE. "... INVEMED SECURITIES INC IS A PRIVATE COMPANY CATEGORIZED UNDER DEALERS, SECURITY AND LOCATED IN NEW YORK, NY. OUR RECORDS SHOW IT WAS ESTABLISHED IN 1987 AND INCORPORATED IN NEW YORK..." 

(1) Signatures 

By: Adam Heller For: Kenneth G. Langone 
  ** Signature of Reporting Person

Date 8/30/2010

SEC FORM 4 filed August 30, 2010.

Adam Heller, General Counsel for Geeknet

Current:

General Counsel at Geeknet

General Counsel at Hands-On Mobile, Inc.

Note: Adam Heller's Public Profile LinkedIn Corporation © 2010