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Thursday, December 20, 2007

Finisar CEO Rawls Buys 100,000 Shares at $1.43


Finisar Corp. (More FNSR Charts) CEO, Jerry Rawls, bought 100,000 shares of Finisar stock in the open market on 12/17 and 12/18 at an average price of $1.43 per share.

According to the SEC filing and Yahoo!, this brings his stake (Note 1) to 2,876,203 shares.

On December 14, 2007, two other Finisar insiders purchased 10,000 shares each.
  • Joseph A Young added 10,000 shares at $1.43 per share. This follows non open market purchases on June 15, 2006 of 5,434 shares at $1.96 per share ($10,650) and 5,434 more shares at $2.02 per share ($11,000)
  • Anders Olsson added 10,000 shares at $1.48 per share ($14,800) after selling 20,000 shares in July 2006 at $3.27 per share (Proceeds of $65,400 nice trading!)

About Finisar

Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic components and subsystems and network test and monitoring systems. These products enable high-speed voice, video and data communications for networking, storage and wireless applications over Local Area Networks (LANs), Storage Area Networks (SANs), and Metropolitan Area Networks (MANs) using Ethernet, Fibre Channel, IP, SAS, SATA and SONET/SDH protocols. The Company is headquartered in Sunnyvale, California, USA. More information can be found at http://www.finisar.com/ and "Kirk's Investment Newsletter."

1. Shares are held by the Rawls Family, L.P. Mr. Rawls is the president of the Rawls Management Corporation, which is the general partner of the Rawls Family, L.P.

Subscribe to Kirk's Investment Newsletter today to get my current outlook for FederFinsar including target prices for 2008 and 2009.

Disclaimer: I own FNSR in my personal and newsletter portfolios. I may trade around a core position at any time.

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