TTM Technologies CEO and a Director Buy $1.34M of Stock

Two insiders at TTM Technologies bought a combined 15,000 shares of common stock on Oct. 28, according to two Form 4 filings submitted to the SEC the same day. Director Wajid Ali bought 10,000 shares and President and CEO Edwin Roks bought 5,000, for about $1.34 million across three reported purchases. Prices ran from $88.07 to $90.635 a share.

Ali's two purchases are listed in a Form 4 filed Oct. 28. He bought 5,000 shares at $90.635, worth $453,175, and another 5,000 at $89.8571, worth $449,285.50. In all he spent $902,460.50, an average of $90.25 a share. His direct holding rose from 25,835 shares to 35,835, a 38.7% increase.

Roks, who is also a director, bought 5,000 shares at $88.07, or $440,350, according to a separate Form 4 filed Oct. 28. His direct holding went from 59,483 shares to 64,483, up 8.4%.

A Form 4 is the report that officers, directors and holders of more than 10% of a company's stock must file within two business days of a trade in its shares. Both filings carry the same date as the purchases, so zero days separated trade and filing in each case. The purchases are coded transaction code P, which marks an open-market or private purchase paid for by the insider, as opposed to grants, option exercises or purchases under an employee plan.

Roks had bought before. Open-market trades by TTM insiders dated July 23 or later, in Form 4s filed before Oct. 27, included two purchases worth $1,642,200 from two buyers. One was Roks himself, who bought 10,000 shares on Aug. 25 for $1,117,700. The other was director Rex D. Geveden, who bought 5,000 shares on Aug. 24 for $524,500.

The same window holds one open-market sale. Dale Martin Knecht, senior vice president of information technology, sold 26,198 shares on Aug. 10 for $3,720,116.

The most recent of those earlier purchases came 64 days before the first of the Oct. 28 purchases, and the sale came 79 days before.