Extracts from an article on AUG 7 last year detailing the shrewd...

Extracts from an article on AUG 7 last year detailing the shrewd insider selling. Hindsight is 20/20 vision, but given the collective nature of the sell downs it lends more weight to just the odd executive sell down. A good lesson for everyone to look out for multiple directors selling.

A2's Asia-Pacific CEO Peter Nathan, credited as the man who drove A2's lucrative push into China, sold 750,00 of his 850,000 ordinary shares at various prices, for a total windfall of $13.8 million.

Through presumably the same facility, newly returned chief Geoffrey Babidge dumped 100,000 shares, a quarter of his holdings, for $1.9 million. Which is more than the $1.6 million base pay he makes in a year heading up A2.

From the ASX comes news of chairman David Hearn's Monday dumping of 250,000 shares through a broker facility. It's about a fifth of his total holdings, sold at $18.60 a pop (converted from New Zealand dollars), for a total gain of $4.6 million.

Growth and marketing exec Susan Massasso sold 474,356 of her 1,015,747 shares, for $10.5 million, out of which she spent $512,103 buying up some more. Meanwhile, HR and sustainability chief Lisa Burquest vested and immediately sold 9868 time-based share rights, which cost her nothing to exercise but which were sold for a total of $184,307.

At least chief operations officer Shareef Khan doesn't seem keen to flog every share not nailed down. He sold 200,000 shares (for $3.6 million), but also laid down $230,702 exercising 400,000 NZ63c options, ending up with twice as many shares as he started with.