Here’s our weekly look at which ASX small cap directors are buying or selling their own stock (week of Oct 1):

There were only about 11 small cap director trades last week but two cracked the million-dollar mark.

The biggest deal was Capitol Health (ASX:CAJ) managing director Andrew Harrison’s sale of $1.8 million worth of stock.

Mr Harrison had converted 10 million options and to pay for it, then sold off 6.5 million. He is still up 3.5m shares and owns less than 1 per cent of the company.

Capitol Health unsuccessfully tried to buy larger rival Integral Diagnostics this year.

>> Scroll down for a table of major ASX small cap director trades reported last week

The other million dollar deal was Pierre Goosen’s buy-in to an Urbanise (ASX:UBN) capital raising.

Technically he didn’t actually spend the money — his UK-based financial services firm Argosy underwrote an entitlement offer. The $4 million offer saw a 56 per cent shortfall.

Mr Goosen lives in the Isle of Man and his company bought into Urbanise in January last year, and now owns 43 per cent of the company.

The buyers

Homeloans (ASX:HOM) directors Michael Jefferies and Robert Scoot swapped $620,000 worth of stock, with the latter selling 1m share to the former.

Melbourne banker David Williams was active again, spending a total of $308,000 on real estate rating site RMA Global (ASX:RMY) and medical products seller Medical Developments International (ASX:MVP)

It comes a week after it bought $84,000 worth of PolyNovo (ASX:PNV) shares.

Mr Williams now owns 30 per cent of RMA, 15 per cent of Medical, and just 2.5 per cent of PolyNovo.

Paul Atherley has made his first purchase of Pensana Metals (ASX:PM8) since joining the board in May. Usually his name pops up in relation to Berkeley Energia (ASX: BKY) where he is the chief and managing director.

Until last month Pensana was Rift Valley Resources.

Mr Artherley spent $150,000 on 10m shares as part of a recent capital raising, and that buy-in has just been approved by shareholders.

And the former Nufarm boss and wine maker has made a $107,000 purchase of Leaf Resources (ASX:LER) shares.

He bought $100,000 via a capital raising in the company he chairs.

EOFY gifts

Four directors received nig piles of stock last week in lieu of fees and as performance rights have vested.

Performance rights are an incentive given to managers and executives if the company meets set performance criteria are met, such as earnings per share targets.

The biggest winners were Base Resources’ (ASX:BSE) Colin Bwye and managing director Tim Carstons, who were the happy recipients of $2m worth of stock.

The rights were part of a long term incentive plan set up in 2015.

Immutep’s (ASX:IMM) Pete Meyers and Grant Chamberlain made the equivalent of $134,000 and and $232,000 respectively from exercising performance rights, after taking all of their fees in rights.

Screening and shade products maker Gale Pacific’s (ASX:GAP) managing director Nicholas Pritchard had 913,000 performance rights vest, worth $324,000.

Here’s a table of major ASX small cap director trades reported last week:

Swipe or scroll for full table. Click headings to sort

ASX code Company Director Change Date Volume $ Where Total holdings controlled
CAJ Capitol Health Andrew Harrison Sell Sept 24-28 6.5m 1788095 On market 7m
JLG Johns Lyng Group Scottt Didier Buy Sept 25 150,000 131974 On market 58m
PM8 Pensana Metals Paul Atherley Buy Sept 25 10m 150000 Placement 10m
RMY RMA Global David Williams Buy Sept 27 and Oct 1 500,000 118645 On market 109.2m
IMM Immutep Pete Meyers Buy Oct 2 2.7m 0 Convert performance rights 5.5m
IMM Immutep Grant Chamberlain Buy Oct 2 4.7m 0 Convert performance rights 4.7m
HOM Homeloans Michael Jefferies Buy Oct 1 1m 620000 Off market 1.7m
HOM Homeloans Robert Scott Sell Oct 1 1m 620000 Off market 12.1m
LER Leaf Resources Douglas Rathbone Buy May 7 1.4m 107000 Placement and on market 2.8m
BSE Base Resources Tim Carstons Buy Oct 4 7m 0 Convert performance rights 9.6m
BSE Base Resources Colin Bwye Buy Oct 4 7m 0 Convert performance rights 10.1m
GAP Gale Pacific Nicholas Pritchard Buy Oct 1 913,000 0 Vesting performance rights 1.4m
LPD Lepidico Gary Johnson Buy Oct 1 8.7m 165192 Entitlement offer 362m
UBN Pierre Goosen Buy Oct 3 51.2m 1381451 Entitlement offer 230m
SVH Silver Heritage Group Matthew Hunter Buy Oct 1 5.6m 111640 Entitlement offer 20.9m
MVP Medical Developments International David Williams Buy Oct 5 50,406 189198 Dividend reinvestment plan 9.5m
SRS Spicers Gabriel Berger Sell Oct 1-5 4.5m 234315 On and off market 73.4m
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