Here’s our weekly look at which ASX small cap directors are buying or selling their own stock (week of Oct 29):

Registry Direct (ASX:RD1) chairman Donald McLay has sold down his stake by a little over 2 per cent.

The chairman of the almost-billion dollar Credit Corp (ASX:CCA) and Clime Investment disposed of 3.5 million shares, taking his interest in the company to 25 per cent.

The off-market sale netted $105,000.

Mr McLay is also the founder of Australian Helicopters, a company that became “the largest Australian-owned rotary wing contractor to State and Federal government agencies”, according to his LinkedIn page.

Stockhead is seeking comment on why Mr McLay sold down his stake.

>> Scroll down for a list of $100,000+ trades in small cap land last week

The Biotron (ASX:BIT) board was active again last week after cashing in the week before.

The stock has come off its epic highs after that HIV announcement in September which was later examined by the ASX.

Director Robert Thomas cashed in again, exercising $60,000 worth of options and still doubling his money by selling the lot for $180,000.

CEO Dr Michelle Miller exercised $31,000 of options and lifted her stake in the biotech to 3m shares.

Walk this way

Indoor Skydive (ASX:IDZ) director James Spenceley lifted his stake in the company which offers exactly the kind of fun its name suggests.

This was Mr Spenceley’s first purchase into the company after joining the board in September and he went hard, taking a 6.5 per cent stake.

If his track record of companies is anything to go by, Indoor Skydive could be one to watch.

Mr Spenceley founded Vocus Communications, chairs online jobs board Airtasker and Silver Heritage Group, and he likes to do a bit of venture capital investing on the side.

Incentives, debt deals and dividends

The three biggest deals were not technically the kind of acquisitions that really count — they weren’t on-market purchases that show the director is really backing their horse.

The largest at $2.2m was Apiam (ASX:AHX) managing director Christopher Richards reinvesting his dividends under the company plan.

ERM Power (ASX:EPW) CEO and managing director Jon Stretch was given almost $1m worth of shares as short term incentives.

Michael Fotios — of Eastern Goldfields (ASX:EGS) fame — reported a major bump in his stake in Pegasus Metals after loans through companies he controls were converted into debt.

Pegasus is being used as a vehicle for Burkina Faso explorer Scorpion Minerals to backdoor, one that was announced in January and closed in October.

Mr Fotios resigned on the same day as he reported the acquisition, in a director trading notice, of 26.6m new shares as payment for half of an unsecured debt. He owns 23 per cent of Pegasus via stock in his own name and in two investment companies.

Here’s a list of $100,000+ trades in small cap land last week:

ASX code Company Director Change Date Volume $ Where Total holdings controlled
BIT Biotron Robert Thomas Buy Oct 30-Nov2 1m 60298 Exercise options 5.4m
BIT Biotron Robert Thomas Sell Oct 30-Nov2 1m 180522 On market 4.4m
RD1 Registry Direct Donald McLay Sell Oct 30 3.5m 105000 Off market 32m
AHG Automotive Holdings Group John McConnell Buy Nov 1 79,683 169704 On market 179,683
EPW ERM Power Jonathan Stretch Buy Nov 1 584,478 980169 Incentives 4.7m
IDZ Indoor Skydive Australia Group James Spencely Buy Oct 30 8.8m 529575 On market 8.8m
IHR IntelliHR Jeremy Fong Buy Oct 29 410,627 123188 Incentives 3.8m
PUN Pegasus Metals Michael Fotios Buy Oct 18 26.6m 800000 Debt conversion 49m
ASH Ashley Services Group Chris McFadden Buy Oct 26, 30, 31 554,007 140639 On market 630,630
LHM Land & Homes Group Choon Keng Kho Buy Oct 30 5.8m 115000 Convertible note subscription 503m
DCG Decmil Group Denis Criddle Buy Oct 24-25 400,000 297545 On market 27m
AHX Apiam Animal Health Christopher Richards Buy Oct 26 350,828 2234072 Dividend reinvestment plan 29m
COG Consolidated Operations Group Patrick Tuttle Buy Oct 24-29 1.7m 191025 On market 1.7m
DHR Dark Horse Resources David Mason Buy Oct 25 16.7m 100000 Shares in lieu of fees 104m
WBT Weebit Nano Yosi Keret Sell Oct 23-29 4.75m 152678 On market 24m
MRG Murray River Organics Michael Porter Buy Nov 1 1m 100000 Entitlement offer 1m
MRG Murray River Organics Valentina Tripp Buy Nov 1 2m 200000 Entitlement offer 2m
BSA BSA Max Cowley Buy Nov2 1.3m 359999 Dividend reinvestment plan 73m
SRH Saferoads Holdings Darren Hotchkin Buy Nov 1 1m 350000 Off market 7.6m