We still do not have a date, but sometime this month Bombardier Inc. is expected to have its first CSeries passenger jet test flight.
While the aerospace industry waits for the key event, insider holdings have moved up. Over the past month, four Bombardier insiders have accumulated 138,750 shares through the exercise of options; in total, 330,000 options were exercised at $3.22 (not shown on chart).
Three insiders subsequently sold 191,250 shares in the public market. That leaves Bombardier with above-median beneficial ownership by officers and directors.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.