If you look at the fineprint both Ted (1m)and Scott (1.5m) exercised options then immediately sold the shares. At least HDR gets the exercise consideration. Ted made $113,000 and Scott $120,000 on these transactions. Ted's were sol;d on-market (that explains a little of the selling recently) and Scotts were an off-market trade. No details as yet about the remaining 1.4m options (i.e. who exercised them).
They must be confident of getting more options at tomorrow's AGM.
H
HDR
hardman resources limited
