Insiders’ trades. Jonathan Yang Dee, president, chief executive officer and member of the board of Alliance Select Food International Inc., bought 5,000 of the company’s shares at P1.40 each. He made the additional acquisition on July 8 when Alliance opened at P1.44, the session’s high, and closed at its low of P1.37. The acquisition increased the number of shares he directly owned to 1.128 million shares, or 0.11 percent…..Ferdinand Orcullo Geluz, vice president and head, central business area of Manila Electric Co., reported on July 4 his initial ownership of 1,000 Meralco shares. His filing did not show the price per share and how he acquired the shares, which he probably did either in the open market or by availing himself of the company’s stock option plan…..A filing dated June 27 showed Fernando M. Ortigas, a member of the board of Concrete Aggregates Corp., owning a total of 526,290 shares of which he directly owned 1,000 shares, while 525,290 shares are lodged with PCD Nominee Corp. After buyback, what? Are the officials of the Securities and Exchange Commission (SEC) seriously watching listed companies that are buying back their own shares in the open market?