“New” Trustee Buys the Dip

Trustee David Barry lifted 100 shares @ $810 on 10/11/18.

This follows his last purchase of 100 @ $292 on 3/3/17.

Robert Packer also lifted 100 the same way as Barry on 3/3/17.

These three transactions are the only insider buys recorded for the “boom” years of 2016, 2017, and 2018.

Positive sign?  Overall you could argue that disclosed insider buys have been lower than seems rational.  Mr. Barry buying up here might give some validation to the current price given his insider status and long time history with the Trust.

At a Special Meeting of the Holders of Sub-share Certificates of Proprietary Interest (“Sub-share Certificates”) held on January 12, 2017, the holders of Sub-share Certificates elected Mr. David E. Barry as a Trustee. Mr. Barry was born in New York City in 1945. He graduated from the College of the Holy Cross in 1966 with a degree in Physics and from Harvard Law School in 1969. Mr. Barry began his career at the law firm of Kelley Drye & Warren LLP in 1969, becoming a partner on January 1, 1978. He spent his entire career at this firm, including representing the Trust for many years, until he became a retired partner in 2012. Beginning in 2007 and then full time starting in 2012, Mr. Barry worked as President of Sidra Real Estate, Inc., a former client with commercial real estate holdings throughout the United States. In addition, in 2012 and 2014, Mr. Barry became President of Tarka Resources, Inc. and Tarka, Inc., respectively, both of which are involved in oil and gas exploration in Texas, Oklahoma and Louisiana and which firms merged on November 18, 2016 into Tarka Resources, Inc. Mr. Barry is a member of the bar of New York State and retired as a member of the bar of the State of Connecticut.