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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2007-05-09 Purchase |
2007-05-10 2:21 pm | Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $6.75 | $6,750 | 6,500 (Direct) | View |
| 2006-03-21 Sale |
2006-03-23 12:57 pm | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 10,964 | $23.58 | $258,531 | 5,500 (Direct) |
View |
| 2006-03-20 Sale |
2006-03-22 3:11 pm |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 4,113 | $24.24 | $99,699 | 5,500 (Direct) |
View |
| 2005-09-19 Sale |
2005-09-20 09:24 am | SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 10,000 | $10.14 | $101,412 | 1,200 (Direct) |
View |
| Transaction & Date |
Reported Date | Company | Symbol | Insider Relationship |
Shares Traded |
Average Price |
Total Amount | Shares Ownership |
Filing |
| 2008-10-01 Option Award |
2008-10-02 11:06 am | Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 625 | $6.33 | $3,956 | 10,250 (Direct) | View |
| 2008-07-01 Option Award | 2008-07-02 1:51 pm |
Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 625 | $8.85 | $5,531 | 9,625 (Direct) | View |
| 2008-04-01 Option Award | 2008-04-02 2:01 pm | Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 625 | $7.19 | $4,494 | 9,000 (Direct) | View |
| 2008-01-02 Option Award | 2008-01-03 12:51 pm | Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 625 | $7.51 | $4,694 | 8,375 (Direct) |
View |
| 2007-10-02 Option Award | 2007-10-02 10:18 am | Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 625 | $6.6 | $4,125 | 7,750 (Direct) |
View |
| 2007-07-02 Option Award | 2007-07-03 09:46 am | Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 625 | $7.41 | $4,631 | 7,125 (Direct) |
View |
| 2007-04-02 Option Award |
2007-04-03 12:33 pm | Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 625 | $8.39 | $5,244 | 6,500 (Direct) |
View |
| 2007-01-03 Option Award |
2007-01-04 11:22 am |
Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 625 | $10.55 | $6,594 | 5,875 (Direct) |
View |
| 2006-10-02 Option Award |
2006-10-05 11:45 am |
Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 625 | $10.29 | $6,431 | 5,250 (Direct) |
View |
| 2006-07-03 Option Award | 2006-07-06 1:42 pm | Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 625 | $13.66 | $8,538 | 4,625 (Direct) |
View |
| 2006-05-02 Option Award |
2006-05-03 3:30 pm | Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $22.58 | $22,580 | 4,000 (Direct) | View |
| 2006-03-21 Option Award |
2006-03-23 11:48 am | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 10,964 | $6.533 | $71,624 | 16,464 (Direct) | View |
| 2006-03-20 Option Award | 2006-03-22 3:07 pm |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 4,113 | $2.41 | $9,912 | 9,613 (Direct) | View |
| 2005-10-18 Exercise |
2005-10-18 2:47 pm | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 750 | $3.63 | $2,722 | 5,500 (Direct) |
View |
| 2005-09-19 Exercise |
2005-09-20 09:24 am |
SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 10,000 | $6.05 | $60,500 | 11,200 (Direct) | View |
| 2005-05-02 Option Award | 2005-05-03 2:11 pm | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $10 | $10,000 | 3,000 (Direct) | View |
| 2005-04-13 Exercise | 2005-04-14 12:37 pm | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 3,000 | $4.388 | $13,162 | 4,750 (Direct) | View |
| Transaction & Date |
Reported Date |
Exercisable Expiration | Company | Symbol | Insider Relationship | Shares Traded | Conversion Price | Shares Ownership |
Filing |
| 2008-08-21 Option Award |
2008-08-22 4:41 pm | 2008-08-21 2018-08-21 | SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 2,000 | $9.7 | 2,000 (Direct) |
View |
| 2008-05-22 Option Award | 2008-05-27 6:43 pm | 2008-05-22 2018-05-22 | SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 2,000 | $15.73 | 2,000 (Direct) |
View |
| 2008-03-18 Option Award | 2008-03-19 4:57 pm |
2008-03-18 2018-03-18 | SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 2,000 | $12.75 | 2,000 (Direct) |
View |
| 2007-11-15 Option Award | 2007-11-19 7:19 pm | 2007-11-15 2017-11-15 | SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 2,000 | $14.88 | 2,000 (Direct) | View |
| 2007-08-16 Option Award | 2007-08-17 2:46 pm |
2007-08-16 2017-08-16 |
SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 2,000 | $9.15 | 2,000 (Direct) |
View |
| 2007-05-17 Option Award | 2007-05-18 7:38 pm |
2007-05-17 2017-05-17 | SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 2,000 | $9.6 | 2,000 (Direct) |
View |
| 2006-09-29 Option Award |
2006-10-02 5:21 pm |
2007-09-29 2016-09-29 |
SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 1,250 | $7.02 | 1,250 (Direct) | View |
| 2006-06-30 Option Award | 2006-07-05 4:44 pm | 2007-06-30 2016-06-30 | SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 1,250 | $7.53 | 1,250 (Direct) |
View |
| 2006-03-03 Option Award |
2006-05-03 1:39 pm | 2006-03-03 2011-03-03 |
Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $19.24 | 18,423 (Direct) |
View |
| 2006-05-02 Option Award | 2006-05-03 1:39 pm | 2006-05-02 2011-05-02 |
Optelecom-NKF, Inc. | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $22.58 | 19,423 (Direct) |
View |
| 2006-03-31 Option Award |
2006-04-04 11:11 am |
2007-03-31 2016-03-31 |
SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 1,250 | $8.4 | 1,250 (Direct) |
View |
| 2006-03-21 Exercise | 2006-03-23 11:48 am |
2001-12-11 2006-12-11 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 887 | $2.41 | 27,500 (Direct) | View |
| 2006-03-21 Exercise | 2006-03-23 11:48 am |
2002-02-20 2007-02-20 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $2.95 | 26,500 (Direct) | View |
| 2006-03-21 Exercise |
2006-03-23 11:48 am | 2002-06-11 2007-06-11 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $2.61 | 25,500 (Direct) | View |
| 2006-03-21 Exercise | 2006-03-23 11:48 am | 2002-08-13 2007-08-13 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $2.74 | 24,500 (Direct) |
View |
| 2006-03-21 Exercise | 2006-03-23 11:48 am |
2002-11-04 2007-11-04 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $5.87 | 23,500 (Direct) | View |
| 2006-03-21 Exercise |
2006-03-23 11:48 am | 2002-12-13 2007-12-13 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $5.07 | 22,500 (Direct) |
View |
| 2006-03-21 Exercise | 2006-03-23 11:48 am | 2003-02-10 2008-02-10 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $5.23 | 21,500 (Direct) | View |
| 2006-03-21 Exercise | 2006-03-23 11:48 am | 2003-03-25 2008-03-25 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 500 | $7.83 | 21,000 (Direct) | View |
| 2006-03-21 Exercise | 2006-03-23 11:48 am |
2003-04-25 2008-04-25 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $10.49 | 20,000 (Direct) | View |
| 2006-03-21 Exercise |
2006-03-23 11:48 am | 2003-06-16 2008-06-16 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $9.71 | 19,000 (Direct) |
View |
| 2006-03-21 Exercise | 2006-03-23 11:48 am |
2003-09-03 2008-09-03 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $13.85 | 18,000 (Direct) | View |
| 2006-03-21 Exercise | 2006-03-23 11:48 am | 2003-10-01 2008-10-01 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 577 | $12.22 | 17,423 (Direct) | View |
| 2006-03-20 Exercise |
2006-03-22 3:07 pm | 2001-12-11 2006-12-11 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 4,113 | $2.41 | 28,387 (Direct) | View |
| 2005-12-30 Option Award | 2006-01-04 2:37 pm |
2006-12-30 2015-12-30 |
SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 1,250 | $7.45 | 1,250 (Direct) |
View |
| 2005-11-15 Option Award |
2005-11-16 3:36 pm |
2005-11-15 2010-11-15 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $13.65 | 32,500 (Direct) |
View |
| 2005-10-18 Option Sale |
2005-10-18 2:47 pm |
2000-10-23 2005-10-23 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 750 | $3.63 | 31,500 (Direct) |
View |
| 2005-09-30 Option Award |
2005-10-03 4:25 pm |
2006-09-30 2015-09-30 | SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 1,250 | $10.74 | 1,250 (Direct) |
View |
| 2005-09-19 Exercise | 2005-09-20 09:24 am |
2002-06-06 2011-06-06 |
SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 10,000 | $6.05 | 0 (Direct) | View |
| 2005-09-09 Option Award |
2005-09-12 2:52 pm | 2005-09-09 2010-09-09 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $13.39 | 32,250 (Direct) |
View |
| 2005-06-30 Option Award |
2005-07-01 2:45 pm |
2006-06-30 2015-06-30 | SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 1,250 | $6.36 | 1,250 (Direct) | View |
| 2005-06-24 Option Award | 2005-06-28 12:44 pm | 2005-06-24 2010-06-24 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $10.2 | 31,250 (Direct) | View |
| 2005-05-02 Option Award | 2005-05-03 2:11 pm | 2005-05-02 2010-05-02 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $10 | 30,250 (Direct) |
View |
| 2005-04-13 Option Sale | 2005-04-14 12:37 pm |
2000-06-26 2005-06-26 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 750 | $4.88 | 31,500 (Direct) |
View |
| 2005-04-13 Option Sale | 2005-04-14 12:37 pm | 2000-08-21 2005-08-21 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 750 | $3.67 | 30,750 (Direct) |
View |
| 2005-04-13 Option Sale |
2005-04-14 12:37 pm |
2000-05-22 2005-05-22 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 750 | $4 | 30,000 (Direct) |
View |
| 2005-04-13 Option Sale | 2005-04-14 12:37 pm | 2000-04-27 2005-04-27 | OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 750 | $5 | 29,250 (Direct) | View |
| 2005-04-12 Option Award |
2005-04-13 3:16 pm |
2005-04-12 2010-04-12 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $10.4 | 32,250 (Direct) |
View |
| 2005-03-31 Option Award |
2005-04-04 1:32 pm |
2006-03-31 2015-03-31 |
SPIRE CORP | SPIR | LIPINSKI DAVID R (Director) | 1,250 | $4.9 | 1,250 (Direct) | View |
| 2005-02-15 Option Award |
2005-02-16 11:56 am | 2005-02-15 2010-02-15 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $8.62 | 31,250 (Direct) | View |
| 2005-02-11 Option Award |
2005-02-15 12:39 pm |
2005-02-11 2010-02-11 |
OPTELECOM INC | OPTC | LIPINSKI DAVID R (Director) | 1,000 | $8.5 | 30,250 (Direct) |
View |
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