Led by CEO Richard Rudman, Vocus Insiders Buy $1.22 Million - cbl
By Bill Murphy
BELTSVILLE, Md. - Vocus Inc. (Nasdaq: VOCS) insiders led by Chairman, President and CEO Richard Rudman bought shares for $1.22 million in open market transactions, according to SEC filings.
The Beltsville-based provider of cloud-based marketing and PR software filed regulatory reports indicating that Rudman put in $959,400 to buy 60,000 shares at $15.99 apiece. Executive Vice President and Secretary Stephen Vintz bought 15,000 shares at $15.99 per share; and Executive Vice President and COO William Wagner bought 1,500 shares at $16.24 apiece.
After the transactions, the three executives owned a total of 797,955 shares worth $12.90 million, based on the stock's closing price of $16.17 per share on May 7. Rudman alone owned 580,185 shares.
The provider of cloud marketing software reported a GAAP net loss for the first quarter of 2012 of $10.8 million or $0.57 per diluted share, compared to a net loss of $1.9 million or $0.10 per diluted share for the comparable period in 2011.
Form 4 filings:
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