Monday, October 29, 2012

Timely: Northeast Utilities' CEO and CFO Dumped 1.25 Million Shares Last Week (NU)

Northeast is New England's largest utility with ops in CT, NH and MA.
From SEC Form 4:

Common stock purchase or sale:
Transaction
& Date
Reported
Date
Company Symbol Insider
Relationship
Shares
Traded
Average
Price
Total
Amount
Shares
Ownership
Filing
2012-10-17
Sale
2012-10-19
8:55 pm
NORTHEAST UTILITIES NU JUDGE JAMES J
(EVP & CFO)
214,325 $39.5 $8,465,492 189,060
(Direct)
View
2012-10-17-
-2012-10-18
Sale(A)
2012-10-19
8:47 pm
NORTHEAST UTILITIES NU MAY THOMAS J
(President, CEO & Trustee)
524,800 $39.55 $20,754,259 369,736
(Direct)
View
2012-10-17-
-2012-10-18
Sale
2012-10-19
7:06 pm
NORTHEAST UTILITIES NU MAY THOMAS J
(President, CEO & Trustee)
524,800 $39.55 $20,754,259 369,736
(Direct)
View
2012-10-11
Sale
2012-10-12
7:00 pm
NORTHEAST UTILITIES NU SHIVERY CHARLES W
(Non-Exec Chmn of Bd; Trustee)
9,888 $39.04 $386,028 772,607
(Direct)
View
2012-08-10
Sale
2012-08-14
2:13 pm
NORTHEAST UTILITIES NU McHale David R
(EVP and Chief Admin Off)
10,000 $39.42 $394,200 180,881
(Direct)
View
2012-05-15
Sale
2012-05-17
2:56 pm
NORTHEAST UTILITIES NU BUTH JAY S.
(VP, Controller, Chief Acct Off)
750 $35.86 $26,897 15,928
(Direct)
View
2012-05-14
Sale
2012-05-16
5:53 pm
NORTHEAST UTILITIES NU NOLAN JOSEPH R JR
(SVP-Corporate Relations)
22,336 $36.15 $807,357 10,496
(Direct)
View
2012-04-10
Sale
2012-04-12
3:35 pm
NORTHEAST UTILITIES NU SHIVERY CHARLES W
(Non-Exec Chmn of Bd; Trustee)
17,011 $0 $0 766,818
(Direct)
View

I'm not sure if that second Tom May 524K is a double print. If it was these guys still dumped almost 740,000 shares.