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Sysco Corporation director just picked up 649,500 shares

Joshua D. Frank, a director of Sysco Corporation, recently acquired 649,500 shares of the company. The buys took place at $38.27 per share, on November 04, 2015. Frank now owns 42,061,919 shares of the company. Frank operates out of New York, NY. Some additional info was provided as follows:

Trian Partners Strategic Co-Investment Fund-A, L.P. ("Coinvest Fund-A") previously entered into a privately negotiated back-to-back call and put transaction with a counterparty through which it became entitled to the same economic gain or loss as if it had purchased the indicated shares. (FN 2, contd.) In this transaction, simultaneously with the purchase of the call option, Coinvest Fund-A also sold a put option to the counterparty for the same number of shares pursuant to which , if on or prior to June 8, 2018 (the "Exercise Date") the exercise price per share of the call option were greater than the closing price of the shares on the Exercise Date (the "Closing Price"), the counterparty would be entitled to cause Coinvest Fund-A, at its election to either (i) pay the counterparty an...