Roenigk Mark sells $ 405K worth of Rackspace Hosting, Inc (RAX) stock; 2 Additional Transactions

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June 13, 2012 (MMD Newswire) -- Roenigk Mark sold 9,000 shares of Rackspace Hosting, Inc stock, or $404,949 worth, as noted in an SEC Filing today. As reported in the filing, the transactions occurred on June 8, 2012.

After the transaction, Roenigk Mark's stake was reported as 41,395 shares of Rackspace Hosting, Inc stock. In addition, Roenigk Mark performed several other transactions, including using transaction codes 'M' (exercise, usually of options).

As noted on June 12, 2012, Roenigk Mark's sale was done directly over 1 transaction on June 8, 2012. The share price for the transaction was $44.99 according to the regulatory filing detailing the trade.

If we look over the past 12 months, Roenigk Mark has sold a total of 9,000 shares of Rackspace Hosting, Inc, proceeds from the sale totaled $404,949. Over the same time period, Roenigk Mark has purchased no shares of Rackspace Hosting, Inc stock. Roenigk Mark has also performed other transactions including exercise of options .

Let's take a quick, high-level look at insider trading at Rackspace Hosting, Inc over the past 12 months. A total of 3,755,943 shares of Rackspace Hosting, Inc stock was sold by insiders, totaling $188,524,915. Over the same time 12 month time period, 1,000 shares of Rackspace Hosting, Inc, for a total value of $0 were purchased by company insiders.

Source: SEC Filings

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