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GrubHub's CFO and Treasurer just cashed-in 16,000 options

Adam Dewitt, GrubHub's CFO and Treasurer, recently cashed-in 16,000 options. The options were exercised at $1.99, while the disposals took place between $30.12 and $30.21 per share, on dates ranging from October 08 to October 12, 2015. Dewitt continues to hold 500 shares of the company. Dewitt operates out of Chicago, IL. Some additional info was provided as follows:

The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $30.00 to $30.2725...

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