Research In Motion's BlackBerry Storm2 smartphone
Insider selling at Research In Motion Ltd. has picked up. Over the past three months, RIM officers and directors who are insiders sold, as a group, 541,341 shares in the public market, net of any shares acquired through the exercise of options or public-market purchases. Co-CEO James Balsillie was a net seller of 438,490 shares while co-CEO and board member Michael Lazaridis was a net seller of 126,152 shares during the period.
Even after the sales, each RIM co-CEO owns just more than 5.5 per cent of the company's outstanding shares based on SEDI filings.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Investments profiled are from a recent edition of the Morning INK report which is distributed daily to subscribers and clients of select financial institutions. INK staff may hold shares in profiled securities.