something is afoot, page-24

Correct, the Appendix 3B notices are applications to the ASX to have the additional securities included in the co. quotation...approval probably not yet received.

It is not illegal under the co.'s trading policy to acquire shares or convert options to shares even with insider knowledge. It is however illegal to sell any under these circumstances.
There are specific trading windows for staff/employees/mgmt/directors/chairmen etc, and written permission must be granted for the activity.
ANTEO Dx - GUIDELINES FOR BUYING AND SELLING SECURITIES


Here's a thesis paper by Tristan Boyd of UWA that looked at "What Determines Early Exercise of Employee Stock Options?"

Interesting that staff, mgmt and directors on average all opt for a different early timeframe to exercise ESO's.

Would appear that Representative was closest to the predominant reason for early conversion, but everyone interested can read these documents and speculate as they please in relation to our co., and with knowledge of the rules
Tristan Boyd - What Determines Early Exercise of Employee Stock Options?