How One Anacor Pharmaceuticals Insider is Making Bank

Anacor Pharmaceuticals, Geoffrey Parker: In a recent Form 4 filing with the SEC, M. Geoffrey Parker, Senior Vice President and CFO at Anacor Pharmaceuticals Inc (NASDAQ:ANAC), acquired 80,000 shares of his company’s stock. Although the stock price closed at $12.17 last Friday, Parker only paid $5 per share, in exercise of in-the-money derivative securities. He now owns 85,000 shares directly, worth $1,029,350, 10,000 more shares through the Delaware Charter Guarantee & Trust Company (Trustee FBO Mr. Geoffrey Monroe Parker IRA), and an extra 136,000 through the  Geoffrey M Parker and Jill G Parker Revocable Trust (dated 1/27/00; Geoffrey M Parker and Jill Gofen Parker, Trustees).

anacor pharmaceuticals

The firm’s CFO and Senior VP has been consistently betting on its development and buying stock and options for more than 2 years. After the reported transaction, he still holds the option to buy another 101,579 shares at $5, to expire on Nov. 2020.

His acquisition last Friday follows an important announcement made last Tuesday: Anacor’s new drug application for Tavaborole, its candidate for the topical treatment of onychomycosis, has been accepted by the U.S. Food and Drug Administration (FDA). This means that that the application is sufficiently complete to permit a substantive review. The Prescription Drug User Fee Act (PDUFA) V goal date is July 29, 2014.

But not only Parker is bullish on Anacor. Thirteen of the hedge funds we track also hold the company’s stock. The largest “hedgie” bull is Mark Kingdon‘s Kingdon Capital, followed by Broadfin Capital (Kevin Kotler) and Palo Alto Investors (William Leland Edwards).

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

This VP Loves Investors Real Estate Trust

ESCO Technologies CEO Victor Richey is Bullish

BroadSoft News: Insider Purchase and a New VP

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!