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Ellie Mae's President & CEO just cashed-in 6,850 options

Jonathan Corr, Ellie Mae's President & CEO and a director of the company, recently cashed-in 6,850 options. The options were exercised at prices ranging between $5.45 and $8.85, while the disposals took place between $68.09 and $68.50 per share, on October 20, 2015. Corr continues to hold 169,758 shares of the company. Corr operates out of Pleasanton, CA. Some additional info was provided as follows:

The exercise of these stock options was completed pursuant to the reporting person's Rule 10b5-1 trading plan. The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $67.5000 to $68.4500, inclusive. The reporting person undertakes to provide to Ellie...