Date: Thursday 20 Dec 2012
LONDON (ShareCast) - Stephen Dryden, the Finance Director of recycled packaging supplier DS Smith, exercised options in the company on Wednesday and subsequently sold half of them for nearly one million pounds.
The executive, appointed to the board in April 2008, exercised nil-cost options for 878,903 shares, then sold 458,635 at 210.04p each for a total of £963,317.
The company said that sale to cover his tax liabilities.
Following transactions, Dryden holds 615,755 shares in DS Smith, equal to a 0.066% stake.
He currently works as a non-executive director of Fiberweb and has previously held senior finance positions at Filtrona and Rolls-Royce.
Two weeks ago, the company reported its interim results for the six months to October 31st. Revenues rose from £1bn to £1.6bn, while pre-tax profits increased from £42.8m to £58m.
Top Director Buys
Ukraine Opportunity Trust (UKRO)
Director name: Mr Gordon William Lawson
Amount purchased: 110,000 @ $2.04
Value: $224,400
Sinclair Is Pharma (SPH)
Director name: Mr Robert Stuart Swanson
Amount purchased: 750,000 @ 25.00p
Value: £187,500
Ukraine Opportunity Trust (UKRO)
Director name: Mr Gordon William Lawson
Amount purchased: 60,000 @ $2.04
Value: $122,400
easyJet (EZJ)
Director name: Mr Andrew Martin
Amount purchased: 7,000 @ 768.25p
Value: £53,778
NMC Health (NMC)
Director name: Mr Mark Tompkins
Amount purchased: 17,083 @ 175.00p
Value: £29,895
NMC Health (NMC)
Director name: Mr Justin A S Jewitt
Amount purchased: 17,083 @ 175.00p
Value: £29,895
F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 25,000 @ 101.73p
Value: £25,432
Dods (Group) (DODS)
Director name: Sir Sir William Wells
Amount purchased: 500,000 @ 4.75p
Value: £23,750
LMS Capital (LMS)
Director name: Mr Nick Friedlos
Amount purchased: 30,702 @ 65.10p
Value: £19,987
Rangers International Football Club (RFC)
Director name: Mr Phil Cartmell
Amount purchased: 25,800 @ 76.50p
Value: £19,737
Top Director Sells
Jardine Matheson Holdings Ltd (Singapore Reg) (JAR)
Director name: Mr E P K Weatherall
Amount sold: 100,000 @ 3,719.93p
Value: £3,719,930
Smith (DS) (SMDS)
Director name: Mr Stephen William Dryden
Amount sold: 458,635 @ 210.04p
Value: £963,317
Dairy Farm International Holdings Ltd. (Singapore) (DFI)
Director name: Mr Ronald J Floto
Amount sold: 49,500 @ $11.16
Value: $552,272
Petra Diamonds Ltd.(DI) (PDL)
Director name: Mr David Abery
Amount sold: 500,000 @ 106.51p
Value: £532,550
Petra Diamonds Ltd.(DI) (PDL)
Director name: Mr Adonis Pouroulis
Amount sold: 500,000 @ 106.51p
Value: £532,550
Avingtrans (AVG)
Director name: Mr Peter Kenny
Amount sold: 60,000 @ 90.00p
Value: £54,000
BC
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