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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!