If you are referring to Robin Ormerod, I don't believe he is a current director, although his partner now is, which may explain why the only selling he appears to have done is in the trading window. The amount sold is not terribly significant from what I can see:
http://www.asx.com.au/asxpdf/20150105/pdf/42vv4vp1x4nqs2.pdf
If you intend to comment further on the convertible note, you might be interested to first read the notice of meeting from 2013 under which the notes were issued, particularly Annexure A (pg 14-15):
http://www.asx.com.au/asxpdf/20130927/pdf/42jnqst8s6vvws.pdf
If you are referring to Robin Ormerod, I don't believe he is a...
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