Open Text (OTEX)has notable insider net $ selling

Open Text (T:OTEX)

John Doolittle, CFO, acquired 25,000 Common Shares OTEX Common on a direct ownership basis at a price of $28.645USD through an exercise of options between March 6th, 2018 and March 7th, 2018. The insider also disposed 25,000 Common Shares OTEX Common on a direct ownership basis at prices ranging from $35.282USD and $35.520USD through the public market between March 6th, 2018 and March 7th, 2018. This represents a $215,716 net divestment of the company's shares and an account share holdings change of 0%.

Gary Weiss, a Senior Officer, acquired 8,732 Common Shares OTEX Common on a direct ownership basis at prices ranging from $13.185USD and $29.745USD through an exercise of options on March 6th, 2018. The insider also disposed 8,732 Common Shares OTEX Common on a direct ownership basis at a price of $35.370USD through the public market on March 6th, 2018. This represents a $170,530 net divestment of the company's shares and an account share holdings change of 0%.

Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics. Its software and services allow organizations to manage the information that flows into, out of, and throughout the enterprise as part of daily operations. Its solutions incorporate collaborative and mobile technologies and are delivered for on-premises deployment, as well as through cloud, hybrid and managed hosted services models. In addition, the Company provides solutions that facilitate the exchange of information and transactions that occur between supply chain participants.