SEC Complaint: Lawrence J. Robbins - MemoFin.fr

Bennett 's Sepracor Securities Transactions45. Bennett traded on the basis of the inside information provided by Allen bypurchasing Sepracor call options and selling Sepracor put options in a joint account heheld with his wife at E*Trade.46. From May 27, 2009 to July 22, 2009, Bennett spent over $226,000purchasing 1,700 Sepracor call options. The $17.50 strike price on 1,300 ofthe 1,700Sepracor call options Bennett purchased was over $1.00 above Sepracor' s closing priceon each ofthe days that Bennett purchased the options.47. Between May 27 and June 3, 2009, Bennett also sold 250 October putoptions, giving his counter-party the right to sell Sepracor shares to him for $15, and sold100 January 201 0 put options giving his counter-party the right to sell Sepracor shares tohim for $15 on May 28, 2009. The over $61,000 ofproceeds generated by these saleswere placed in Bennett's and his wife's joint E*Trade account.Robbins 's Sepracor Securities Transactions .48. After receiving the inside information concerning DSP's potentialacquisition of Sepracor from Allen, Bennett, in tum, tipped Robbins on or before May 27,2009. Robbins traded on the basis ofthis information by purchasing Sepracor calloptions and stock and by selling Sepracor put options in an account at E*Trade.49. Robbins purchased: (i) 50 October $15 call options on May 27, 2009; (ii)100 October $17.50 call options and 100 January 2010 $15 call options on May 28, 2009;(iii) 240 October $17.50 call options on May 29, 2009; (iv) 60 October $17.50 calloptions on June 1, 2009; (v) 1,000 common shares of Sepracor on June 2, 2009; (vi) 50October $17.50 call options on June 4, 2009; and (vii) 200 October $17.50 call options on13