Hudson Pacific insiders cashing out

• Hudson Pacific (NYSE:HPP) announces a secondary offering of 5M shares by Farallon Capital Management, with an underwriter greenshoe option for another 750K shares. The company will receive no proceeds from the offering.
• The stock's higher nearly 50% over the past year.
• Source: Press Release
• Previously: Hudson Pacific closes EOP purchase, boosts guidance (April 2)