Spire: Not an Insider Buy, But CEO Owns More SPIR

Spire (SPIR) is a penny stock these days. Yahoo! Finance reported that Roger Little (Spire's CEO and chairman) had indirectly acquired 200,000 SPIR shares at $0.78. (SecForm4.com filing) The following is copied from the filing.

( 2 )On November 17, 2011, Mr. Little elected (and the Compensation Committee approved such election) to receive aggregate accumulated deferred compensation of $500,000 for 2010 and 2011 in shares of common stock, which, based on the closing sale price of the issuer's common stock on such date ($0.78), is equal to approximately 641,025 shares. Because of limitations on awards under the 2007 Plan, Mr. Little is entitled to have 200,000 of such shares credited to the Plan in 2011. ( 3 )Includes 2,109,305 shares of common stock in the Roger G. Little Family Trust of which Mr. Little is the primary beneficiary.

Roger Little currently "owns" approximately 2,138,205 SPIR shares. There are approximately 8.36 million SPIR shares.

SPIR at $0.87 at 12:05pm MST on 02011.11.29. 52-week range: $0.72 - $6.20