Entropic Communications's CEO & President just picked up 10,488 shares

Patrick C Henry, Entropic Communications's CEO & President and a director of the company, recently acquired 10,488 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on May 30, 2013. Henry now owns 881,320 shares of the company. Henry operates out of San Diego, CA. Some additional info was provided as follows:

On 5/30/13, the reporting person and his wife each received a distribution of 5,244 shares from their respective grantor retained annuity trusts for the benefit of themselves. They immediately transferred the total of 10,488 shares to the Patrick C. Henry and Wendy A. Henry Family Trust. By Patrick C. Henry and Wendy A. Henry Family Trust The shares are held by the Patrick C. Henry and Wendy A. Henry, Trustees of the Patrick C. Henry 2009 Annuity Trust, dated March 26, 2009, of which the Reporting Person holds a pecuniary interest in the annuity provided for in the trust agreement. The shares are held by the Patrick C. Henry and Wendy A. Henry, Trustees of the Wendy A. Henry 2009 Annuity Trust, dated March 26, 2009, of which the Reporting Person holds a pecuniary interest in the annuity provided for in the trust agreement.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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