Gaithersburg-based internet technology firm BroadSoft Inc (NASDAQ: BSFT) President and Chief Executive Officer made the following stock transactions on April 16, 2012.
Michael Tessler acquired 10,000 common stock shares at an average price of $2.40, totaling $24,000 under general transaction code M (Exercise or conversion of derivative security exempted pursuant to Rule 16b-3). 225,573 beneficially and directly owned shares remained April 16, 2012.
Michael Tessler disposed of 10,000 common stock shares at an average price of $40.54, totaling $405,400 under general transaction code S (Open market or private sale of non-derivative or derivative security). 215,573 beneficially and directly owned shares remained April 16, 2012.
The transactions difference totaled $381,400.
On April 16, 2012, BroadSoft (NASDAQ: BSFT) opened at $42.06; it reached a high of $42.18 and a low of $39.91, the stock closed at $40.79 on average volume of 254,293. The company had a market cap of approximately $1.14 billion; it is off its 52 week high of $47.44.