4//SEC Filing
Scotland Richard A 4
Accession 0000908662-10-000030
CIK 0000904973other
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 4:50 PM ET
Size
8.3 KB
Accession
0000908662-10-000030
Insider Transaction Report
Form 4
Scotland Richard A
Senior VP, Regulatory Affairs
Transactions
- Sale
Common Stock
2010-01-19$1.13/sh−14,798$16,648→ 0 total(indirect: By 401(k)) - Purchase
Common Stock
2010-02-09$1.08/sh+14,798$15,982→ 14,798 total(indirect: By 401(k))
Holdings
- 17,587
Common Stock
Footnotes (3)
- [F1]Due to a percentage-based reallocation of the reporting person's 401(k) portfolio, the reporting person mistakenly caused the sale of his entire holdings of the issuer's common stock held indirectly in his 401(k) account. At the time of the reallocation the reporting person believed that the reallocation would not be applied to his holdings of issuer common stock held in his 401(k) account and, therefore, that such shares would not be sold.
- [F2]This purchase was made by the reporting person once he became aware of the sale described in Footnote #1 for the purpose of acquiring the same number of shares in his 401(k) account that he had held prior to the mistaken sale of shares. The reporting person has agreed to pay to the Issuer, upon settlement of the sale, $665.92, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
- [F3]Figure reflects an increase in holdings due to a contribution to the Reporting Person's 401(k) account in December 2009.
Documents
Issuer
GTC BIOTHERAPEUTICS INC
CIK 0000904973
Entity typeother
Related Parties
1- filerCIK 0001356201
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 4:50 PM ET
- Size
- 8.3 KB