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Ellie Mae's Chief Financial Officer just cashed-in 5,000 options

Edgar Luce, Ellie Mae's Chief Financial Officer, recently cashed-in 5,000 options. The options were exercised at $8.85, while the disposals took place between $63.77 and $64.56 per share, on October 01, 2015. Luce continues to hold 64,052 shares of the company. Luce operates out of Pleasanton, CA. Some additional info was provided as follows:

The exercise of these stock options was completed pursuant to the Rule 10b5-1 trading plan. The price reported is a weighted average price. The shares were sold in multiple transactions ranging from $63.1800 to $64.1200, inclusive. The reporting person undertakes to provide to...