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Insider Trading: Merchants Bancshares Inc

Monthly summaries of insider trading activities (stock purchases, sales, and option exercises) reported by insiders of Merchants Bancshares Inc in the last 24 months are illustrated in figures 1 and 2. Table 1 shows the monthly insider trading data of Merchants Bancshares Inc since year 2005. Table 2 shows the detailed insider transactions of Merchants Bancshares Inc since 2005. The reporting company's ticker symbol is MBVT. The reporting company's CIK number is 726517.

The total value of stock buying since 2005 is $709,448. The total value of stock sales is $2,635,847. The total value of stock exercises is $2,309,195.


1 year stock price chart,   1 day stock price chart
MBVT 1 year chart
MBVT 1 day chart

Figure 1. Monthly insider transaction values at Merchants Bancshares Inc (MBVT) in the past 24 months. The trade values of insider stock buys, sales, and option exercises are in logarithmic scale as shown on the right axis labels. The detailed monthly and daily insider transactions are listed in the 2 tables below.

  • 12

  • 01 2008

  • 02

  • 03

  • 04

  • 05

  • 06

  • 07

  • 08

  • 09

  • 10

  • 11

  • 12

  • 01 2009

  • 02

  • 03

  • 04

  • 05

  • 06

  • 07

  • 08

  • 09

  • 10

  • 11

  • $440,255

    $44,025

    $4,402

    $440

  • Buy
  • Sale
  • Option Exercise

Figure 2. Average prices of insider buys, sales, and option exercises at Merchants Bancshares Inc (MBVT) in the past 24 months. See table 2 for insider transaction details.

  • 12

  • 01 2008

  • 02

  • 03

  • 04

  • 05

  • 06

  • 07

  • 08

  • 09

  • 10

  • 11

  • 12

  • 01 2009

  • 02

  • 03

  • 04

  • 05

  • 06

  • 07

  • 08

  • 09

  • 10

  • 11

  • $23.58

    $17.68

    $11.79

    $5.90



Table 1. Monthly summaries of insider stock purchases, sales, and option exercises for Merchants Bancshares Inc (MBVT).
Trading Period
year-month  
Insider Buying     
Shares               Value ($)
Insider Sales     
Shares               Value ($)
Option Exercises     
Shares               Value ($)
2009-11 0 0 500 11,000 0 0
2009-09 0 0 750 17,685 0 0
2009-08 0 0 19,021 440,255 18,600 321,789
2009-06 0 0 1,100 25,046 0 0
2009-05 0 0 1,500 32,550 1,016 17,780
2009-03 4,265 75,630 606 10,909 5,249 92,040
2009-02 1,000 18,715 0 0 6,186 108,255
2008-12 3,043 57,180 0 0 0 0
2008-11 2,000 35,500 0 0 0 0
2008-09 2,379 52,517 0 0 0 0
2008-08 1,030 21,175 0 0 15,860 311,714
2008-06 0 0 4,550 103,397 0 0
2008-05 3,262 75,812 0 0 2,316 47,084
2008-03 1,219 27,616 660 15,081 10,213 207,630
2008-02 1,000 23,455 0 0 0 0
2007-12 1,115 25,889 0 0 0 0
2007-09 600 14,232 0 0 0 0
2007-08 805 19,080 43,419 1,002,110 8,350 154,475
2007-06 0 0 10,000 230,000 0 0
2007-03 7,612 178,273 2,331 53,309 0 0
2007-01 0 0 0 0 15,150 280,275
2006-12 1,000 23,330 0 0 0 0
2006-09 0 0 2,500 59,050 15,517 275,478
2006-08 0 0 7,500 181,474 0 0
2006-06 0 0 5,000 119,675 0 0
2006-05 0 0 2,500 60,225 0 0
2006-03 0 0 2,500 60,775 0 0
2006-02 1,000 24,190 2,500 60,150 7,490 112,350
2006-01 0 0 0 0 25,355 380,325
2005-12 1,500 36,854 1,490 35,833 0 0
2005-09 0 0 4,503 117,323 0 0

Table 2. Detailed insider stock purchases, sales, and option exercises for Merchants Bancshares Inc (MBVT)
  Trade Date   Insider Name Trade Type     Shares       Price ($)   Value ($)
2009-11-16 Skiff Robert A (Director) Sale 500 22.00 11,000
2009-09-01 Skiff Robert A (Director) Sale 750 23.58 17,685
2009-08-20 Havers Thomas R (SVP, Operations) Sale 2,550 24.08 61,403
2009-08-17 Spitler Janet P (SVP, CFO and Treasurer) Option Exercise 3,710 16.50 61,215
2009-08-11 Havers Thomas R (SVP, Operations) Option Exercise 3,010 17.50 52,675
2009-08-07 Spitler Janet P (SVP, CFO and Treasurer) Sale 5,600 23.45 131,320
2009-08-06 Leavitt Thomas S (EVP) Sale 10,871 22.77 247,532
2009-08-06 Leavitt Thomas S (EVP) Option Exercise 10,871 17.50 190,242
2009-08-04 Tuttle Michael R (President & CEO) Option Exercise 1,009 17.50 17,657
2009-06-04 Leavitt Thomas S (Executive Vice President) Sale 300 22.50 6,750
2009-06-01 Leavitt Thomas S (Executive Vice President) Sale 800 22.87 18,296
2009-05-29 Spitler Janet P (SVP, CFO & Treasurer) Option Exercise 1,016 17.50 17,780
2009-05-21 Leavitt Thomas S (Executive Vice President) Sale 1,000 22.50 22,500
2009-05-07 Skiff Robert A (Director) Sale 500 20.10 10,050
2009-03-30 Havers Thomas R (Director) Option Exercise 249 18.23 4,540
2009-03-24 Kane John A (Director) Purchase 166 17.90 2,971
2009-03-23 Robins Patrick S (Director) Purchase 500 18.25 9,123
2009-03-19 Kane John A (Director) Purchase 334 17.88 5,973
2009-03-17 Dillon Molly (Senior Vice President) Purchase 100 17.81 1,780
2009-03-17 Robins Patrick S (Director) Purchase 400 17.25 6,900
2009-03-13 Robins Patrick S (Director) Purchase 165 17.25 2,846
2009-03-12 Robins Patrick S (Director) Purchase 600 17.56 10,538
2009-03-11 Tuttle Michael R (President & CEO) Option Exercise 5,000 17.50 87,500
2009-03-11 Bouyea Peter A (Director) Purchase 539 17.50 9,432
2009-03-09 Bouyea Peter A (Director) Purchase 461 17.50 8,067
2009-03-03 Bouyea Peter A (Director) Purchase 1,000 18.00 18,000
2009-03-02 Skiff Robert A (Director) Sale 606 18.00 10,909
2009-02-19 Robins Patrick S (Director) Purchase 500 18.70 9,350
2009-02-18 Robins Patrick S (Director) Purchase 500 18.73 9,365
2009-02-12 Tuttle Michael R (President & CEO) Option Exercise 6,186 17.50 108,255
2008-12-30 Boardman Scott F. (Director) Purchase 1,330 18.68 24,851
2008-12-30 Lawton Lorilee A (Director) Purchase 1,000 18.86 18,864
2008-12-22 Robins Patrick S (Director) Purchase 500 19.00 9,500
2008-12-15 Robins Patrick S (Director) Purchase 100 18.90 1,889
2008-12-09 Robins Patrick S (Director) Purchase 113 18.38 2,076
2008-11-21 Bouyea Peter A (Director) Purchase 2,000 17.75 35,500
2008-09-30 Kane John A (Director) Purchase 500 23.18 11,592
2008-09-19 Robins Patrick S (Director) Purchase 500 21.70 10,850
2008-09-18 Robins Patrick S (Director) Purchase 379 21.65 8,205
2008-09-04 Lisman Bruce M (Director) Purchase 1,000 21.87 21,870
2008-08-22 Havers Thomas R (SVP, Operations) Option Exercise 2,219 15.50 34,394
2008-08-12 Lisman Bruce M (Director) Purchase 30 21.00 630
2008-08-06 Spitler Janet P (CFO/Treasurer) Option Exercise 9,094 20.33 184,880
2008-08-04 Robins Patrick S (Director) Purchase 1,000 20.54 20,545
2008-06-24 Skiff Robert A (Director) Sale 500 22.41 11,205
2008-06-18 Skiff Robert A (Director) Sale 300 22.65 6,795
2008-06-13 Spitler Janet P (Treasurer & CFO) Sale 1,250 23.00 28,750
2008-06-10 Spitler Janet P (CFO and Treasurer) Sale 1,500 22.66 33,997
2008-06-09 Spitler Janet P (CFO and Treasurer) Sale 1,000 22.65 22,650
2008-05-22 Bouyea Peter A (Director) Purchase 1,000 22.60 22,600
2008-05-17 Tuttle Michael R (President & CEO) Option Exercise 1,931 20.33 39,257
2008-05-17 Spitler Janet P (CFO & Treasurer) Option Exercise 385 20.33 7,827
2008-05-14 Bouyea Peter A (Director) Purchase 457 23.50 10,739
2008-05-13 Bouyea Peter A (Director) Purchase 62 23.50 1,457
2008-05-09 Bouyea Peter A (Director) Purchase 735 23.56 17,326
2008-05-06 Bouyea Peter A (Director) Purchase 504 23.40 11,793
2008-03-31 Bouyea Peter A (Director) Purchase 140 22.88 3,203
2008-03-28 Havers Thomas R (Senior Vice President) Option Exercise 10,213 20.33 207,630
2008-03-24 Skiff Robert A (Director) Sale 660 22.85 15,081
2008-03-17 Bouyea Peter A (Director) Purchase 688 22.60 15,548
2008-03-14 Bouyea Peter A (Director) Purchase 391 22.68 8,865
2008-02-06 Robins Patrick S (Director) Purchase 1,000 23.46 23,455
2007-12-27 Robins Patrick S (Director) Purchase 1,000 23.25 23,250
2007-12-20 Robins Patrick S (Director) Purchase 115 22.95 2,639
2007-09-05 Robins Patrick S (Director) Purchase 600 23.72 14,232
2007-08-29 Robins Patrick S (Director) Purchase 805 23.70 19,080
2007-08-28 Spitler Janet P (CFO & Treasurer) Option Exercise 3,750 18.50 69,375
2007-08-28 Leavitt Thomas S (Executive Vice President) Option Exercise 4,600 18.50 85,100
2007-08-03 Davis Jeffrey L (Director) Sale 43,419 23.08 1,002,110
2007-06-27 Davis Jeffrey L (Director) Sale 10,000 23.00 230,000
2007-03-23 Skiff Robert A (Director) Sale 2,331 22.87 53,309
2007-03-14 Geoffrey Richard Hesslink (Senior Vice President) Purchase 7,612 23.42 178,273
2007-01-31 Tuttle Michael R (President and CEO) Option Exercise 15,150 18.50 280,275
2006-12-13 Lisman Bruce M (Director) Purchase 1,000 23.33 23,330
2006-09-28 Erdman Zoe P (Senior Vice President) Sale 2,500 23.62 59,050
2006-09-26 Havers Thomas R (Senior Vice President) Option Exercise 11,655 18.50 215,617
2006-09-25 Erdman Zoe P (Senior Vice President) Option Exercise 3,862 15.50 59,861
2006-08-28 Havers Thomas R (Senior Vice President) Sale 2,500 23.99 59,974
2006-08-21 Havers Thomas R (Senior Vice President) Sale 2,500 24.41 61,025
2006-08-15 Havers Thomas R (Senior Vice President) Sale 2,500 24.19 60,475
2006-06-29 Havers Thomas R (Senior Vice President) Sale 2,500 23.84 59,600
2006-06-23 Havers Thomas R (Senior Vice President) Sale 2,500 24.03 60,075
2006-05-25 Havers Thomas R (Senior Vice President) Sale 2,500 24.09 60,225
2006-03-30 Havers Thomas R (Senior Vice President) Sale 2,500 24.31 60,775
2006-02-22 Havers Thomas R (Senior Vice President) Sale 2,500 24.06 60,150
2006-02-06 Lisman Bruce M (Director) Purchase 1,000 24.19 24,190
2006-02-01 Boutin Joseph L (President & CEO) Option Exercise 7,490 15.00 112,350
2006-01-06 Tuttle Michael R (President & CEO Merc) Option Exercise 25,355 15.00 380,325
2005-12-30 Lawton Lorilee A (Director) Purchase 500 24.06 12,030
2005-12-19 Havers Thomas R (Senior Vice Presiden) Sale 1,490 24.05 35,833
2005-12-08 Lawton Lorilee A (Director) Purchase 700 24.78 17,342
2005-12-07 Lawton Lorilee A (Director) Purchase 300 24.94 7,482
2005-09-30 Havers Thomas R (Senior Vice Presiden) Sale 2,000 25.71 51,420
2005-09-22 Havers Thomas R (Senior Vice Presiden) Sale 2,503 26.33 65,903

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above tables cannot be completely guaranteed as to their accuracy. For more insider trading information of Merchants Bancshares Inc (symbol MBVT, CIK number 726517) see the Securities and Exchange Commission (SEC) website.

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